Learning How to Execute Proper Forex Risk Management

By Paul Bryan 

The foreign exchange or forex market is one of the largest and most liquid financial markets in the world with a daily transaction of almost 1.5 trillion U.S. dollars. Banks, financial institutions and individual investors, therefore, have huge potential of economic gain as well as losses.

Foreign exchange risk is a potential gain or loss that occurs as a result of a change in exchange rate. In order to minimize the possibility of financial loss, every investor needs to adopt some forex risk management measures.


For minimizing forex risk, one must remember few basic points:

 (1) value of a currency changes frequently affecting firms and individuals engaged in international transactions;
(2) assets, liabilities, and cash flows are affected through changes in the exchange rates.

So the forex market presents risks involving accounting and translation exposure, economic exposure, transaction exposure and real operating exposure.

Transactional exposures involve quite high risk for foreign exchange. Impact of exchange rate fluctuations on present cash flows, export and import, borrowing and lending in foreign currency, all can cause fluctuation in currency rates which should be considered while developing risk management features.

In most currencies there are futures or forward exchange contracts whose prices give indication on expected market prices of the currencies. These contracts can lock in the anticipated change. So the foreign exchange risk arises due to unanticipated exchange rate changes.

Foreign currency risk management involves managing two types of risk: systematic and unsystematic risk. Systematic risk affects all investments, such as the market risk, inflation risk and interest rate risk. Unsystematic risk relates to individual events that affect a particular investment, such as the business risk and financial risk. Unsystematic risk can be hedged.

If you are a trader or an investor engaged in day or intra-day trading, you must have a trading strategy at place. Your online broker or trading platform should incorporate risk management features in their trading strategies.

The signals and indicator to be generated must be based on risk analysis. You can join some professional workshop or course on foreign exchange risk management where you can learn the basics. The course should be interactive and customized where you can get your specific queries answered.
It is important that foreign currency risk management begins before the risk exposures and not after it has developed. The risk management course should include practical examples from real life incidents on basis of which you can learn the techniques of decision-making.

For calculating foreign exchange risk factors, you can find many advanced project management software that has integrated risk analysis. You can seek help from financial advisers who monitor, assess and hedge the risk in particular investments and in overall portfolios, depending on the investment objectives of the investor.
The foreign exchange risk management should use market indexes and averages in market analysis. It should consider theories of forex market behavior, including technical fundamental analysis. The risk management methods should periodically review investment objectives like safety, growth, speculation, and should always inform the investor about his or her investments.

Learn how to reduce your Forex trading losses by visiting Foreign Exchange Risk Management.

Trading

Forex Trading Exits Strategies.

By Danielle Franklin 

In forex trading making correct entries seems to be an easier task than making exits. Most traders suffer from exiting-too-early syndrome and therefore missing out the extra points. In most cases bad exit taking causes you to miss out on more than half the profit you could have. What are the key factors when it comes to staying in or exiting?

Is it more profitable, for example, to just set the stop and the limit, and wait until either of them gets reached? Does the understanding of exits available help minimize losses and lock in profits?

How many times has the market missed your target by just a small fracture, and then continued moving in the direction you have predicted without you "on board"?! Or, on another unfortunate trading day, forex market simply misses your profit target and leaves you with nothing, or even worse - loss! Obviously making profits is the hardest part in forex trading. It can take years to figure out how to enter but not how to exit.

No matter how complicated, if you want to make money you will have to find a point to exit. Optimizing the trading strategy is the key to forex success. To track and understand decisions better, some traders create a trade log and write down the reasons each time they exit a trade. It is time consuming and may take weeks, months or even years to understand the flaw in the current strategy. However, usually after the first month the trading pattern emerges and traders can mortify the flaws to maximize returns.

Figuring out exits is similar to predicting the future. It is extremely difficult if not impossible. Knowing for sure where to exit requires aiming for a specific target. However, keep in mind that setting a target restricts the profits from running.

Before you enter a trade, consider the following factors. Firstly, you should plan out the length of the trade. Secondly, try to figure out the risk you are willing to take. Last but not least, ask yourself when a good time to get out is.

Every trader is different and you need to find what suits you best and stick to the plan. Also keep in mind that it is impossible to always be in a win-win situation, so you need to calculate your risk/reward ratio and whether the trade is worth taking before you actually place a trade.
This is quite general, but here are some things to consider:

1. Fractals.
Using fractals allows you to know when to change the stop and to follow the market down as it goes.

2. Resistance/Support. You can decide on an exit on some resistance/support area targeted on a higher timeframe.

3. Fibs. Fib extensions are your magic wand. Use it for your own good.

4. Moving average. Set a stop right behind the moving average.

5. Last but not least, consider scaling. Consider closing half at the original target, run balance and see how things progress. If the market pulls back to the original target, then you can simply close the balance. In other case, run a trailing stop.

Most importantly, when you decide on a strategy, stick to it. You cannot control the market, but you can get a hold of your forex trading behavior.

Trading

Forex Profit Signals

By Pradipta Kumar Bari 

What is Forex Trading:
Forex Trading is trading currencies from different countries against each other. Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among Forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand - exchange to which both parties agree.
Actually Forex is the financial game between BULLS and BEARS.
The Major currencies pairs are:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
AUD/USD
And these are the 6 best Forex Markets.
What are Forex Signals?
Forex signals are indicators that let you know when it's a good time to buy or sell a currency pair. They provide you with insight as to what's going on in the Forex market without the necessity to monitor Forex trends throughout the day. If you are self-employed or employed by another company, Forex trading is likely a part-time endeavor for you. You won't have time to sit at the computer and monitor the Forex market all day. Forex signals can be delivered to you throughout the day by professional Forex traders to give you a heads-up on what's going on in the market. You can receive the signals, and then place the signals for buy or sell.
Forex signals are basically "suggested" buy and sell points with price targets and stop-loss levels delivered by fx signal providers to traders. They may be delivered by email, instant messenger, cellphone, live currency trading systems or direct to your Forex signal metatrader on your desktop.
Forex trading is a risky business and it takes some time to master the art of Forex trading signals. There are a number of fx signal providers but before you choose, you need to make sure you have done your homework. Always ask for the Free signals to deliver for 3 to 5 days and test those signals in your Demo Account.
The main characteristics of Forex trading signals to be aware of are as follows;
Cost: monthly subscription
Complexity: Simple "one email a day" OR Full-Service
Control: You keep full control OR the signal provider trades your a/c for you
Most Forex trade signals charge a very modest subscription fee, usually in the region of USD $80 - $400 per month.
If you're new to Forex trading, you probably realize how important it is to make the right trading decisions. One wrong trading move can drastically harm your portfolio while a good move can bring tremendous profits. That's why trading signals are so important. Once you've tried a Forex demo account for practice and created a strategy that works for you, you can add trading signal services as a useful tool in your Forex trading.
With online Forex, finding a trading signal service is easier than ever.
In their simplest form a Forex trading signal will send you a Forex alert email once a day listing trade set ups for the next 24 hours.
Some Forex signal providers offer a free trial service, thus allowing currency traders to sample the signals to assess their worth. This is a helpful step, as it allows the trader to consider the quality and reliability of the signals before paying money. This is a crucial element in the research process, and weeds out the providers who want money upfront as they are not confident in their ability to call profitable trades. This is a good service that you can try for free for 3 to 5 days.
Various fx signal providers offer a few complimentary services along with the featured ones. Look for a fx signal company that provides email support, phone assistance and even mentoring to their clients. This is of great value, especially to new traders.
They assign their time assisting traders in taking buy/sell decisions. Forex traders depend upon and trust the recommendations of these professional signal providers, while making investing decision in the Forex market
Forex signals are not meant to be a magic solution to all your Forex problems. They are designed to inform you about the market.
Forex business timing is extremely crucial; a trader can earn millions or lose even more depending upon the his timely or untimely actions. Besides, being the biggest market on the face of earth - it generates business activity of almost 3 trillion USD, it operates around the clock, all over the globe, making it thus impossible for a trader to stay vigilant all the time about market fluctuation and probable changes therein. Therefore a trader needs alarms and indicators to get knowledge about the possible opportunities and probable pitch points. Hence the need for Forex signal or alerts. Basically Forex alert or signal is a communication or intimation to the trader indicating the ripe time to buy/sell and the suitable price to pay/ask. Most of the time, such signals and alerts are provided by trained professionals, either individual or companies.
When choosing a Forex signal service, be sure the company offers the type of signal alerts you need. Every person is different. Some require computer or email alerts, while others are not accurate Forex signals are made for both professional traders and although new traders. The best Forex signals trading system is going to cover multiple situations on the Forex market. For instance the best Forex trade signals is going to cover all major currencies like GBP, USD, and EUR at all times the market is open, not only for specific situation. Simply to get the full value of your Forex trade you must know what is happening in regards to all the major currencies. The Forex system should also be able to give you at least 1-3 Forex trading signal alerts a day.
Some Forex trading signals are high volume scalpers, calling many trades in a day aiming to profit a handful of pips on each. Others only call a few trades a day, aiming to profit 20 - 80 pips on each single trade.
Forex trading signal providers help you in minimizing risks or losses in trading.
Forex signals are generally given on a daily updated basis and all are contingent on factual market analysis and behavioral flow and not on mere hearsay and other speculations.
The signals are calculated and generated by using different indicators such as trends, moving average, Elliott waves, Bollinger bands, Fibonacci series, etc. In spite of that, some uses strategies like:
Pip Maximizer Method 1
Pip Maximizer Method 2
Pip Reversal Method
Pip Divergence Method
Instant Pip Method
Pip Retracement Method
Quantum Pip Strategy
... to give profitable and accurate signals.
The following question I wish to raise, is the abundant selection of Forex signals from which we can choose. Because of the variety of service providers, they offer different services, of which we must be aware. The first type of Forex signal provider will just send out trade alerts by email, often daily, sometimes at several intervals throughout the day. Thus you need to have a laptop of email receiving device ready at all times, to gain the most from trading Forex signals.
The next type to consider are through EA/Expert Advisors. These types of signals are not good at all because those are the computer oriented programs which can ruin your money within a few trades. But fortunately this is not such a big problem today, as more traders have email reading devices. The most crucial aspect concerning the format you receive the signals, is to ensure that you receive them immediately, and have the capability to act on them straight away - so you have to have immediate access to your Forex brokerage account, and place the trade as soon as you humanly can.
A unique benefit of trading Forex signals is that it gives guidance and discipline in a Forex currency trader. Forex profit signals service providers send you alerts when the conditions are right for the trade. They use cutting-edge technology which constantly monitor all major currency pairs for generating technical indicators.
Forex signal generators produce Forex signals which are indicators of ideal trading opportunities. These are certain algorithmic patterns which have been evident in successful Forex trades throughout the years. These Forex signals are then fed onto the program of Forex automated EA or Expert Advisors. This program will then either make Forex trading decisions for the individual while s/he is away from the computer or advice the individual about what to do. Forex EAs act like wizards which monitor currency ratings through online Forex Trading Platforms. One can look at Forex signals as triggers of commands which allow the automated system to function.
Forex signals can immeasurably add to the profits of a Forex trader.
How to Receive Forex Signals:
Forex signal services are available to provide signals to you around the clock. These services usually have professional Forex traders who monitor the market 24/7 and provide you with up-to-date information. These services often charge a monthly or yearly subscription fee for their services. The methods used to deliver the Forex signals to you can vary from one service to the next. Signals can be sent through email alerts, to your phone or cell phone, through your pager, or even through a pop-up software system that will show a screen on your computer each time a signal is sent. The services also vary in how they present information to you. Some will provide live charts to give you more insight as to what as happening in the market.
Time frame for which the Forex trading signals are generated is equally important. Few trading signals can be valid only for a few minutes or an hour; others may have recommendations that are valid for a day or more. If the Forex trading signal providers generate signals for shorter time frame, you need to monitor the market frequently.
Some Forex signal service providers offer add-on services like email or mobile alerts. The service provider should have end-to-end technical support for the customers.
Even with experienced traders calling your trades, it's prudent risk management to never ever risk more than 3% of your initial capital on any one trade, preferably only 1%. So, if for example your initial capital, (or to put it another way, the maximum you can afford to lose) is let's say 5,000, the position size you take on each trade should be such that if the trade hit your stop loss, your maximum loss would be no more than 1% x 5,000 = 50.
Forex signal providers render Forex business quite a bit easy for traders, especially those who are relatively new in the business. Forex signal generation and provision can be either manual or automated and it provides entry/exit points of the trade streak for major or already chosen currency pairs. In manual signal generation system a simple trade signal is provided by the single provider. In automated signal generation system, the Forex system not only intimates and alerts the trade to either enter or exit the trade, but some times makes the deal by operating in synchronization with the trader's bank or broker.
Initially Forex signals and alerts used to come in the form of telephone calls and facsimiles. Now as we have stepped into the era of information revolution which has brought forth amazingly advanced digital technology, Forex signals and alerts generation and provision system has also advanced and become much more sophisticated and quick. Now these alerts come in the form of e-mails, SMS (Short Message Service, a way of sending text messages to mobile devices), or desktop software. However with trading Forex signals, there is no such chance to over trade your account. It is absolutely possible to learn the mental aspects of trading, by following a set of rules, and not to deviate from those rules.
Many trading Forex signals provide you with a complete set of instructions in order to take the trade. Frequently the signal will have multiple exits, which enable a trader to take money off the table in small steps. So this enables the currency trader to input all of these prices into his trading platform when he gets the signals, and then to switch off the computer.
As for any purchase, it is essential that the Forex trader first does his research into the more effective trading Forex signal service for him or her. This involves a lot of careful research, and reading various reviews and testimonials of the service in question. Before I go, in conclusion, the trader is strongly advised to practice using the trading Forex signals on a demo account first, so that the Forex trader can totally test out the profitability of the signals. This has an supplementary benefit for a complete new, as it will enable the currency trader to become familiar with the trading platform, and reduce the possibility of making any mistakes.
Whenever possible, go for a free demo account and then try your forex signals for a few days before becoming a paid member. Forex trading does involve some planning and strategy building so be prepared for a steep learning curve before trading with real money!
I'm going to start by telling you some cool facts about the FOREX market.
As you may already know, FOREX is the acronym for "The Foreign Exchange Market." This market concerns itself with the buying and selling of the currencies of just about every country on earth. This market is BIG! So big, in fact, it's hard to wrap your mind around the size of it.
Listen. The daily average volume of FOREX is:
Almost 5 TRILLION Dollars Per Day!
I'm going to try to bring that fact home for you: The New York Stock Exchange has a daily volume of approximately 50 billion dollars. That means the FOREX is 100 times larger than the NYSE
Actually, the daily volume of the FOREX is triple the size of all other investment markets combined!
In spite of its size, the FOREX does not have a physical location or a central exchange. It operates through an electronic network of people, banks and companies that specialize in trading one currency for another.
Almost all FOREX trades are executed on the internet by someone sitting at a computer with a high-speed connection. So, if you don't like working with a computer you may as well stop reading... because... you will be left out.
Still with me? Good.
The Only 24 Hour Financial
Market In The Whole World
Because the FOREX does not have a physical location or a central exchange, it is able to operate on a 24 hour basis leapfrogging from one time zone to another across the major financial centers of the world.
The FOREX market actually follows the sun around the globe... because... as one country is closing for the day, another is just opening up. This market is open 24 hours a day, six days a week from 5:00 PM Sunday (East Coast Time) to 4:00 PM Friday (East Coast Time). This 24 hour access combined with its huge trading volume makes this...
The Most Liquid
Market On Earth!
Except for Saturdays, you can enter or exit the FOREX market anytime night or day. This market has virtually no gaps whatsoever and your stop-loss orders are almost guaranteed.
Can you imagine that? The multi-trillion dollar liquidity, combined with 24-hour trading access virtually guarantees your stop-loss orders will be executed without slippage.
Just try to get that kind of guarantee from your stockbroker!
The stock, futures and options markets cannot offer you this guarantee because the limited trading hours create frequent gap opens. Nearly all Forex brokers make sure their hours of operation coincide with the hours of operation of the global FOREX market.
Let's see, what else?
Oh, yeah, no one can corner the market. The FOREX market is so huge and has so many global participants that no single individual nor entity... not even a central bank... can control the market for any significant period of time.
Plus,
There Is No Insider Trading!
Because of the vast size of the global FOREX market and its non-centralized nature, there is no chance whatsoever for disruptions caused by insider trading. There is less chance for fraud in the FOREX than in any other investment market. Best of all forex can never become zero but stocks can become zero and majority of the options expire worthless.
There are no commissions. Yep, you read it right. No exchange fees, no closing fees, no government fees, no brokerage fees. This all adds up to a very low retail transaction cost. If you select your broker properly, your round-trip transaction cost could be as low as .07 percent.
And know this, a very desirable by-product of extremely high liquidity is almost instantaneous transactions executed with blinding speed. You can leverage your trades by a factor of 50 to 1, 100 to 1 and even 400 to 1.
Not only that, you can trade with a very low margin with relative safety compared to the disastrous potential of margin trading found in other financial markets. Also it is tax free income if the country you reside has no capital gain tax.
And finally, if you get really great at currency trading, your potential financial reward is so big it can make your head swim!
As an experienced researcher, my idea is to learn and share everything I can with my readers. Stay tuned for more business, travel and career ideas as I love to write about this subjects and more...

I have the Love and Passion for Trading which force me to spend countless hrs for learning, experimenting & perfecting the Art & Science of Trading. My ultimate purpose is to help you live the life that you deserve. I know how it is, most people work hard to make a living, yet it feels like a never-ending treadmill. After paying the bills, there doesn't seem to be enough left over to enjoy what life has to offer. I know EXACTLY how it feels, because I was there once. I did my research and discovered how many of the world's richest people had made their fortunes. I modeled my efforts on their example, and invested time, money and energy to learn all I could about Trading

Best online forex trading broker

Forex trading can be a risky business. While hundreds of people have gainedmillions in profits through this trade, others have also experienced huge loss in it. As with any kind of investment, it all boils down to making sound decisions in forex trading.

These sound decisions actually start with choosing a high-quality forex trading broker or your trade could instantly turn into an unlucky throw of a dice, so to speak. This is especially true if you are a new investor who's looking for a reliable forex trading advice. If you wish not to trade in the dark, read on to find out what to look for in a forex trading broker, where to find the best one, and how to establish a professional relationship with them.

The good qualities of online forex brokers as follows:

Experience

Experience, they say, is the best teacher. As with any profession, forex trading brokers get better with longer experience in the trading arena. That's why this is the first thing to look for in a broker: a proven track record. Otherwise, you will find it hard to trust the advice of a broker.

Customer service

Customer service is a series of activities designed to enhance the level of your satisfaction – that is, guide you through the process of opening an account, downloading the platform and placing a trade, live chat and 24/7 telephone numbers.

Account

The account type is the second thing to take into consideration. Be sure to check if the forex trading broker has an account that offers sufficient liquidity. What else can be a better gauge for this than your expected amount of investment? If, for example, you expect to trade $70,000, it would be unwise to go with a broker who holds smaller accounts. The key is to find a broker with both financial stability and sufficient liquidity for your investments.

Trial

Some forex trading brokers are better salesmen than performers. Simply put, their promises of premiere service and reliability are nothing but lip service. So you won't fall for this trap, go on a trial with a broker. Put the 24-hour support to the test by finding out how long the broker can get back to you when you have a question or issue to clarify. Make sure that the broker can be reached both via phone and the Internet. Through a trial, you can find out if your forex trading broker gives automatic execution. This is a good way to know if the broker provides dealing tools that are important during the trading process. There's nothing like having a broker that offers real-time charts, real-time data and news, and technical analysis.

Leverage

Leverage is one big word in the forex trading world. It comes as a ratio between the total capital available for you to trade and your actual capital. The more leverage you have, the more you can increase your potential profits. By choosing a trading broker with a higher margin, you get more leverage. For instance, if your broker offers a leverage of 300:1, this means they can offer $300 for very $1 of your actual capital. When choosing a broker, a good guiding point is to make sure that he or she offers you at least a leverage of 200:1.

Bigger leverage, though, means higher risk in losing money. This is where guaranteed stop comes into the picture. Go with a broker that provides guaranteed stop protection and negative balance protection.

Type of currency pair

Next, you must take into account the currency pair or pairs you expect to trade. It's just a matter of finding a broker that offers the kind of currencies you want to trade.

Time

The times at which you trade also play a big role in choosing your forex broker. This determines the spread (the difference of the buying price from the selling price), which varies at different times of the trade. For instance, if you expect to trade off market times, you should select a broker that offers a fixed spread. In contrast, if you want to trade during peak hours, you'll do well in selecting a broker with variable rate spreads. By going on a trial with two or more brokers that offer different spreads, you can better decide on which broker gives better value for your money.

Trading platform

The trading platform itself gives you an idea as to whether or not you're dealing with a reliable forex broker. Select a platform with such features as limit and stop orders and one-cancels-other orders. Hidden charges can be a problem with some forex brokers. That is why you should make sure your transaction cost covers only the currency spread and no extra fees or commissions.

Country

Check the country of your forex trading broker. Their country actually has significant tax and legal consequences since regulations vary in different jurisdictions. You can make better comparisons of forex brokers by consulting your legal, tax, or financial advisor.

Finding the best one

Learn from other people's experience. One good way to make sure you're choosing a good broker is to find people who have had experience with good brokers themselves. Ask for referrals from friends. If none of your friends or acquaintances is into forex trading, then you can ask for client references from a broker. You can also visit online forums. Such communities are great venues to know which forex trading brokers are truly reliable.

Once you have chosen a good broker for the trade, it's time to establish a professional relationship with them. After all, making good money is usually borne out of good relationships. While you should look for a forex trading broker who's available 24/7, you yourself should be available either through phone or the Internet. From the very start, let them know when they can call or email you. This is crucial since you often have to make fast decisions in the trade. It's important to be open to your broker, especially when you are not sure about the kind of deals you make. It can be helpful to ask questions when you have doubts about matters.

Do your own homework. Any broker would find you annoying if you rely too much on his or her skills. While it is important that you trust your broker when he or she gives you advice or suggestions, you will do well in trusting your broker while researching on the side about information that can affect your own investments. Researching means regularly reading forex charts and being in the know about the latest economic and political issues.

Stick to the trade. It's best to limit conversations with your forex trading broker to topics related to your investments. Getting too personal is never a good way to have business with them.

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.

Forex Trading Skill And Experience:

By Forexoma.
Most people lose in forex, not because it is too hard to make money through forex trading, but because they make it too complicated.
                “Making Money” is hard in general. It is not easy to make money. Most people have to work to the bone to make money and cover their bills and expenses. If they stop working (sometimes even for a few days) they will be in trouble because they have no savings and backup. Living and working like this make them think it is always too hard to make money, no matter what business they have. They will not believe you if you tell them that although it is hard to make money, still there are some easy ways to make a substantial amount of money every month. You can take them to the computer and show them the price charts and explain how it is possible to make money through trading. They will admit that it is possible to make money. Even they admit that it is very easy to make money through trading. But when they start learning to trade, they always make it too complicated. Why?
             
 The reason is that life has taught them that it is too hard to make money and survive. There is no way to make money easier and with less or no headache.
                  They start trading with such a mentality. They admit that trading is and looks easier than the other jobs like taxi driving, accounting, teaching, and… . But they do not believe it internally, because of the negative impressions they already have about working in their subconscious. The result is that although trading looks very easy to them, they make it too complicated, because they think something that makes money has to be hard and complicated, and it is not safe to make money through something that looks too easy.
                Unfortunately, it is not easy to change such a mentality, specially when it is in subconscious and it works while people do not know it and are not aware of it.
                 Just look at your charts. Do you really need all of those indicators, moving averages, lines and… to trade? Are they really helping you make money, or they only make you lose money?
                 Experience shows that most of those who lose money, make their trading systems too complicated. They will not believe you if you tell them that a trading system doesn’t have to be that complicated, and many of the professional traders use nothing but the price chart. They start trading with such a mentality, and after wasting a lot of time and money they give up.                                                        What Is the Solution?
 You have to realize that trading is very easy when you keep in simple and easy, and it becomes hard and complicated only when you make it hard and complicated. You have to understand that you lose when you make the trading complicated. You will have more emotions when your charts look too choppy and messy with too many indicators, moving averages and lines. You have to stop over-analyzing the markets, and looking for the exotic and complicated chart patterns and signals.
                 If you are used to make the work too complicated (because of the reasons we explained above), you have to stop yourself. There are some good ways to do that:

1. Make yourself limited to 1-2 indicators maximum.

2. Look for a limited number of chart patterns like triangles.

3. Follow the tools like Naked Forex: High-Probability Techniques for … that make the chart analysis and trading as easy and simple as possible. We do not want to use this chance to promote our robot again. However, this robot was created to make the traders stop losing and start making money. It was explained above that many traders lose because they make the trading too complicated. The most important feature of Naked forex High-Probability Techniques for...

is that it makes it as simple as possible to trade. It has so many other features, but simplicity is the most important one.

                     You can only have Naked forex High-Probability Techniques for...(Kindle Edition) working on the price chart without having any indicator. As you have noticed, we do not have any indicator on the Naked forex High-Probability Techniques for...(Kindle Edition) charts in the articles we have published about Naked forex High-Probability Techniques for...(Kindle Edition) so far (for example here). However, as most traders like to get the trade setups confirmed by one or two indicators, and as we wanted to show our clients how Naked forex High-Probability Techniques for...(Kindle Edition) can be used with any indicator they want, we have three indicators on the FCAR ready-made platform that our live account holders can download and use: Bollinger Bands, RSI-MA, MACD Bars.