I Found the FOREX Holy Grail...Do You Want It?

Sound familiar? Well, it should. Every time you read about a managed fund, or FOREX trading system, this is exactly what your are buying into. Obviously, you would never give your money to a fund if they can't provide consistent profits, and in most cases a "detailed" view of historical results.

O.k. I am getting ahead of myself. Let me take a step back and explain the question I am trying to answer.

Who should I let manage my account?

To me, there is a very simple answer to this question. YOU SHOULD MANAGE YOUR ACCOUNT. No other individual in this world understands your strengths, weaknesses, and tolerances better than you.

Yet there seems to be a never ending growth of funds and/or trading systems available online. Every one of them, of course, show substantial profits in the past. The question, then, is this.

Why are they sharing this great fortune with us? Why not just invest more of their own money, which they have just recently earned, and increase their profits?

There is a relatively limitless amount of money available in the FOREX. Why would someone want to earn 25% of your profit as a management fee instead of 100% of theirs. Because both of those things can not happen at the same time.

Every FOREX broker offers guaranteed fills on your orders under normal market conditions. This means that a $1 order is treated the same as a $1,000,000 order (whatever the maximum is with your FOREX broker). So, as long as your trade is accurate, you will have no problem getting as much currency as you like.

So what does that mean? Well, every FOREX broker has a maximum size order for which you are guaranteed your fill. This is important to understand for a very simple reason.

If the fund manager is only guaranteed his fill for $1,000,000, why wouldn't he want to capture maximum profit on his entire alloted amount.

In fairness, I would understand if he didn't have the capital to invest, but then I wouldn't trust the claims of his previous successes.

With a consistently successful trading strategy, and a conservative compounding strategy; you could turn a $5,000 account into a $1,000,000 account in just over 1 year. Let me explain before you all go running to open a FOREX Trading Account and lose all your money.

By investing 10% of your account on a daily basis, and averaging 20 pips/day in profit your account would increase by 2% on a daily basis. For those of you familiar with compounding, you understand how this can lead to such a major growth in your account.

So, here is another obvious question. If the fund has been averaging such astounding results over the past year, why can't they invest enough money to reach their limit? And, if they can, why aren't they?

Here is the answer to all of the questions. If they were that good, you would never know about them. It's just that simple. The greatest traders are growing their accounts and reaching their limit day after day.

I promise you this - they are not using anyone else's trading strategy, they are using their own. That's right, to become a truly great FOREX trader, you have to learn what works best for you, not someone else.

The most efficient way to reach the pinnacle of your trading skills is through an elite Forex trading course.

Are you still thinking about letting someone else handle your trading for you?

Here is one more reason for skepticism. Many spreads charge you a per trade transaction. This is an absolute no no. In this arrangement, they are guaranteed to make money on every trade. You, on the other hand are not. Avoid dealings with anyone who will make money on your losses.

Take your future in your own hands. Learn to trade the forex markets on your own.

Eddie is the Head Instructor at Foreign Exchange University. He has developed an Elite Forex Trading Course. Learn about the "Trading In Black And White Forex Trading Course".

FOREX Freedom

The FOREX (Foreign Exchange Currency Trading Market, also know by the term FX) is relatively unknown which is surprising because it is the largest financial market in the world and sees approximately 1.9 trillion US dollars worth of trade on an average day.

Everyone has heard of stocks and shares, probably even the futures market, but trading the FOREX market is a relatively new phenomenon.

Until de-regulation in 1997, the FOREX was the domain of the banking fraternity and the elite in financial and business circles, but now with as little as $300 any individual can open an account and trade on the FOREX.

Foreign currency trading is such a lucrative and easy to understand market that many who used to trade stocks, bonds, commodities and futures have switched to trading nothing but FOREX. More and more astute internet entrepreneurs are shunning the traditional financial markets and turning to FOREX trading.

Even Bill Gates and the world renowned trader Warren Buffet now trade currencies as part of their overall strategies.

As currency markets are some of the most volatile markets, many fundamental variables such as weather and war affect the price of the currency. However, since there is no single apparent reason much of the time for price movement, the fundamentals get discounted and one can use an almost purely technical approach to trading. This is why the FOREX is considered one of the most predictable trending markets that follows technical analysis methods more than any other market. These price movements are highly predictable, creating trends that can be anticipated when it comes to decide when to buy and sell.

With real estate, the prices must go up in order to make a capital gain. With the stock market, traders need stock prices to rise in order to take a profit. Unlike real estate or the stock market, which relies on property value or shares increasing in price to create profit, money can be made both on a rising and falling FOREX market.

The FOREX is the best trending market as it keeps moving in the same direction (this can be UP or DOWN) over 78% of the time. You can sell a currency (go short) just as easy as you can buy a currency (go long). Currencies go up and down and you can trade either direction just as easily ensuring there is always plenty of trading opportunities. It is possible to strategically plan your market entry and exit levels and control exactly how much you profit or lose. Investors can even make a profit when they misjudge the market 50% of the time! Compare that to other types of investments.

The FOREX market is also the most liquid market in the world. Many other forms of investing require tying your money up for long periods of time, and if you need to use the capital it can be difficult or impossible to access to it without taking a huge loss. Not so with FOREX trading, you have full control of your capital.

Entry orders are instant. There is no lag time in placing an order. Orders are processed instantly at the current market price, or the price at which you set the order to enter the market in the future.

All done electronically and considered an over-the-counter (OTC) market, FOREX trading is far easier and less risky than either the futures or the stock markets and far more liquid than the futures markets.

Quite easily, the foreign exchange market dwarfs the stock market of any country. To illustrate, this is 30 times larger than all the US stock markets combined.

Currency brokers usually give their traders 100:1 leverage, meaning that if there is $1000 in ones account, they will let one control $100,000, which allows currency traders to reap large gains from relatively small price movements in the market.

In the FOREX market, you pay NO commissions and NO exchange fees. This can add up to quite a significant overhead in other financial markets. Even when you use discount brokers, those fees add up. With the FOREX, since you deal directly with the market maker via a purely electronic online exchange, you eliminate both ticket costs and middleman brokerage fees. There is still a cost to initiating any trade, but the broker just takes a small difference between the bid price and the ask price as its fee for the transaction of a currency pair. Since the FOREX market is very liquid, the spread between the bid/ask is very small. In the FOREX market, you also do not have to worry about having a large sum of money in your account to sell your currency pairs. As a trader gains experience, a full service paid broker is no longer necessary.

On another note, in the stock trading world, you are flagged if you are deemed to be a day-trader. In other words, if a trader of stocks chooses to trade every day, he or she must have an account balance of 50,000 dollars to do so. There are no such restrictions when it comes to trading the FOREX. If you work at night, you may trade in the daytime. For those that have jobs during the day, the FOREX market is much more accessible as trading can be done at night or early in the morning before going to work.. You simply trade according to the schedule that works best for you. As there is no central exchange and because it is a world market FOREX can be traded 24 hours a day so it need not get in the way of your other business interests or social life.

Another advantage that the FOREX market has over stocks is the advantage of trading focus; instead of having to choose between over 4,000 stocks you can deal with 7 main currency pairs. Any good business person knows that focussing on too many things is a recipe for financial disaster and this can hold equally true in the stock market. A stock trader also must grapple with the time issue doing research on all those potential stocks presents. It is also much easier to become familiar with 7 areas as opposed to 4,000. Focus is the name of the game.

So, where is the foreign currency market located? Well, unlike the stock exchanges of the world, the foreign currency market is a virtual market that is connected by the internet, phones and fax.

Most brokers offer a free demo version of their live software, easily downloaded and installed.

The wonderful thing about these programs are that they work exactly like the real versions, with buy/sell capability; real-time charting with data updates; several dozen indicators; live price feed or a minimal 10 second delay; a realistic $50,000 account with active profit and loss; open, pending and closed trades; and actual stop, limit and market trades. No account deposit is needed. Traders can practice trading tactics until confident and successful before they even part with a cent of their own money.

Unlike learning how to invest in the stock market, for example, where you have to pretend that someone will sell to you and that someone will buy from you - and that is not real at all, the FOREX market is so liquid (instant buyers and sellers) that both the demo and real accounts behave exactly the same! What a great way to learn - when you switch to a real account, you can't even tell.

You can practice, using various proven techniques, with your demo account until you feel comfortable that you are consistently making profits.

Once you feel that you have been obtaining consistent trading results, you can start trading on the FOREX for as little as $300 dollars. There are two types of real accounts, a mini FOREX trading account and regular FOREX trading account. Most FOREX Brokers offer 100:1 leverage which means a in a mini account you can control $10,000 currency position with $100. In a regular account $1000 controls a $100,000 currency position. This provides great leverage and an extremely efficient use of trading capitol.

Get ready for a life-changing adventure! Once you get a taste of making money by sitting in front of your computer monitor, there is no turning back. But the best part is, it can be fun and get you more involved in your own financial portfolio.

Happy Trading,

Monique Briand

For a free course covering everything from FOREX terminology to how and where to set up a free demo account where you can practice to setting up your own real mini-account to how to turn $300 into $30,000 in as little as 6 months, just visit the FOREX Training Centre at:

http://www.ForexTrainingCentre.com

Master Infopreneur, currently seeking joint ventures.

The forex market exposed, wait until you see what's inside

" If You Want To watch as a millionaire forex trader legally exploits the foreign currency market, and reveal his proprietary techniques to help make you millions trading forex, then finish reading this now!" Dear Friend, Forex traders are raking in big profits with low risk high yield, investment strategies that exist only in the foreign currency market. Especially those who have a trained eye that can see excessive profit points that explode when done correctly. The forex market has created many millionaires who understand the exceptional leverage that is provided by trading currency. To be exact a 100:1 leverage ratio, this means you can leverage your money 1x100 so $100 leverages $10,000 and $10,000 leverages $100,000. This extraordinary benefit of the currency market allows you to realize windfall profits in a short period of time and can quickly make you a lot I mean a whole lot of money. Big Businesses, banks, and wealthy investors have been making billions for years from foreign currency exchange, and now the little guy with a few hundred bucks has the same opportunity to profit from this supercharged money making forex machine.

My friend the forex boom is just beginning and I have a secret weapon that neither the newbie nor professional forex fanatics possess. Let me put this in perspective for you, lets say you could have been friends with Warren Buffet before he became a billionaire and he was willing to show you all his techniques and insight into the markets. Would you have listened? I hope you answered yes, because every investor that got involved with Warren Buffet before he became a household name has since become super multi millionaires. Now you have a similar opportunity, but there is one problem (a good problem) the leverage that is available to you through the forex market will speed up the amount of time it takes to make substantial gains that made those select few multi millionaires.

There is a little known multi millionaire forex trading champion that I discovered online who has been dumping his number crunching brain power and secret proprietary forex strategies which have made millions for everyone to see. You would not believe some of the simple yet powerful techniques this forex fiend was revealing. I mean I was floored at the sight of some the stuff this guy was showing me because I knew it meant the difference between making millions of dollars, or still trying to figure out what a pip was (forex jargon). I had to put this in writing so everyone could A. (know about the forex market) and B. (get access to this forex fortune teller). The forex market has opened up new doors for everyday Joe Schmoes such as myself and will continue to grow and give new opportunities to those who want to discover a new way to wealth. The fact of the matter is when you combine a market like foreign currencies and a Warren Buffet like forex genius that equals profits, period.

Here are the keys to the vault. Will you unlock the Door? http://www.forex4checks.com . There is more there than you expect!

Revealed - Million Dollar Forex Investing Mistakes

Anytime that you are investing in the Forex market, you are going into the Market blind. You dont know what point of the investing trend you are entering in at. You might be investing in a Forex stock just before the trend changes. Smart investing means you need to protect your trading float and set up a stop loss. This needs to be done before you enter a trade, so that there is no room for error, or last minute indecision. A stop loss is simply a predefined point at which you exit the stock.

Effectively, its like drawing a line in the sand underneath the share price, saying, If the share price falls below this line, then the stock hasnt done what I thought it was going to do, and Ill exit the position.

This allows you to protect your investing trading plan, because it cuts your losses short, and guards against an all too human tendency to want to believe you must be right.

95% of investing in an entry Forex position means you are expecting to profit from the trade. If, however, the share-investing price goes against you, you might feel the need to justify why you bought the stock by holding onto it until it turns a profit. You might have heard the idea that all big investing losses once started as small losses. Well, while the share price continues to go in the wrong direction, those losses grow in lockstep. This is why you need to have a stop loss in place its like having an ejector seat that tells you when to abort the mission.

One of the most common question Im asked when traders are introduced to a stop loss is How wide should I set my stop?

In other words, how much room should I give the stock to move? There are no definitive answers to this question because it depends on what time frame youre investing in. If youre a shorter-term investing trader, youre going to have a stop loss thats set closer to the share price. If youre a longer-term investing trader, youll give the share price a little bit more room to move and set your stop loss lower.

Once youve identified what time frame youre looking at trading, you need to be able to remove the normal market noise (volatility) in that particular time frame. You dont want to have to close out of an investing position just because a share price moved a little bit due to its normal trading volatility.

In fact, there are some serious drawbacks to setting tight stops.

First, youll decrease the reliability of your system because you get stopped out more often.

Second, and probably a little bit more importantly, you dramatically increase your transaction costs, because youre trading transaction costs make up a major proportion of your business expenses.

To give yourself a fighting chance, you want to trade a system that doesnt chew through excessive brokerage fees. This is one of the major reasons I steer my clients into developing a trading system that runs over a slightly longer time frame. With the correct system in place, and your investing risk minimized, you are well positioned to maximize your trading profits.

Discover the "secret formula" of trading that anyone can use to consistently generate BIG profits from the market by downloading your FREE copy of David's new Ultimate Stock Trading Systems course. http://www.ultimate-trading-systems.com/forex.html