WHY YOU SHOULD INVEST IN ONLINE FOREX TRADING.

What Is Forex?

Forex is the art of making money through trading currencies.

How Can You Trade Forex?

Very easy! You buy and sell currencies online through your personal computer and from the comfort of your home.

What Do You Need To Start Trading Forex?

• Forex Trading Skill And Experience:
  You have to have the trading knowledge and experience to start trading forex. Making money through forex trading is easy, but you should learn how to do it, otherwise you will lose.
• Forex Trading Account:
  It is like a bank account. You open it, deposit some money in it and you can start buying and selling currencies against each other. To have a forex trading account, you should open an account with a forex broker.
• Forex trading software (platform):
  It is a very simple and easy to use software that gives you the currencies' prices and the tools that you need to analyze the currency market and place your orders. When you open a forex trading account with a broker, they provide the trading platform too. 
  
  

  Benefits online Forex Trading

Trader/investment manager

With good technical ability, trading on behalf of investors becomes a lucrative means of living. It could be trading on account in which profits are shared in a ratio between investor and trader as agreed. It could also be a situation where the trader or investment manager gives a fixed or varied return on fund invested.

Market forecaster & analyst

With good technical ability to study predict market or price behaviour becomes a hobby which can be turned into earning potentials by selling signals  through subscription service. It could be a daily, weekly, monthly, quarterly, half year or annual subscription

Trainer

Though I advise practical and experienced traders to offer services in this area, rather than demo and part-time traders. If you are not cut out to offer training, it is a hard area as some of your audience might be experienced ones. Training could be online or formal.

Introducing broker

These are like marketing agents or sub-brokers to major brokerage firms. They offer services on behalf of the major brokers to clients. They earn commission from the major brokers and not the clients. I was also once an IB before I moved to another level.

White label partner

This does not come easy. Requirement may be experience in terms of years as an IB, evidence of performance, corporate registration (unlike IB which may be personal) and also a working website. Deposits in thousands of dollars may also be required as deposit. Returns here monthly are very lucrative as well.

Country rep/manager

As foreign investments directly or indirectly are flowing in, opportunities abound to fill these positions though with proven record.

The above shows that forex trading is more than just trading as most people think, but to benefit in these areas mentioned, there is need for knowledge on how the market works. I believe this is a career still much green to be exploited by teeming youths and graduates looking for white collar jobs. Finance and other related career personnel, working, retrenched or retired can also take up this career. The coast is clear.

Market analysis for Friday July 5, 2013

This forecast should be useful as you are reading this column this Friday morning of July 3, 2012 and based on daily analyses if the targets have not been tested.

EUR/AUD (SELL) : Market expected to go short. Exit at 1.3823

AUD/JPY(SELL) : The pair is likely to go short. TP 103.12

EUR/NZD (SELL) : Market expected to go short. TP at 1.6200

GBP/AUD (SELL) : Market expected to go short. TP at 1.6200

GBP/NZD (SELL):  Market expected to go short. TP at 1.9012

Let entry points be at trader’s discretion. This constitutes my view and may or may not be used for trade decisions. Please money management is strictly advised. Happy trading

Online Forex Trading Tips for Quick Success

When traders first start trading Forex online, they will obviously want to be successful. There are a number of tools that can help even the newest traders make successful trades that will generate cash returns. By learning a few beginner tips, it will be possible to avoid losses and gain returns when trading in the Forex market. This is one of the most appealing types of financial investments online and with a little knowledge and experience, new traders will soon be on their way to making daily trades that create steady income streams.
        

              Forex trading is all about risk management. New traders will have to learn the risks associated with any trade and also discover how to minimize those risks. It will be required for the trader to assess how much money they wish to put into the market so that the trader can avoid devastating losses. With risk management and budget control, traders will have control over their finances and will be a better trader.

              Unfortunately, many new traders fall prey to greed and will want to make as much money as quickly as possible. In the Forex market, there are a lot of trades conducted daily and it is not possible to generate returns on every trade that is conducted. Traders should make sure not to set the take profit order any higher than the stop loss order. It is better to get money coming in by opting for lower profits.

              Try to avoid leveraged trades as this will assist with the reduction of risks. It will also help traders take advantage of the market. This does not mean that all leveraged trades are bad options, but it is best to avoid those that have a high leverage. As traders conduct more trades, they will develop the level of confidence needed to be a great trader. By being confident, traders will be able to make better financial decisions and will be able to avoid risks that should not be taken. Gather as much information as possible and make use of demo accounts from brokers to become completely familiar with the Forex market and to develop strategies and confidence levels. With these few tips, new traders will get off to a great start and will be able to enjoy the rewards offered by the Forex market.