Currency Trading – GZMEIDA.COM

I am trying to find out where to trade forex. I have seen a few brokers but because of their aggressive marketing, I am suspicious of them. I like to know a reputable broker and way to go about it in order to have a good trading experience.

yeap i agree with the other 2 people its a really risky business people just want to suck you dry

and dont care if you make money or not

i use etorro as it is well known and not heard any bad problems or issues with them

email me if you anything else to do with Forex Pips and cash and systems

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Category: Events & Auditions User : Guru1 Date : Saturday, 29/05/10 – 15:53PM Description : Forex Kagi is a manual system that contains the explosive trading strategies that accumulates massive gains from Forex trading. Forex Kagi is based on the Kagi Charts developed by the Japanese, way back in 1870. http://www.docstoc.com/docs/40794845/Forex-Kagi , [[[SHIFTOUT …
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The euro depreciated vis-#224;-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2275 level and was capped around the $1.2450 level. Liquidity was reduced today as some U.S. trading desks emptied early on account of ……
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Forex Robots will generally wipe out your account and do it quickly. Only a tiny minority win and they’re not the ones you see heavily advertised. Normal, sensible people fall for the myth they do make money and here are 3 reasons, why you are odds onto lose with them…

The first point to make is that the automated Forex trading systems you see all produce great track records – better in fact than the worlds top fund managers and all for $100! Now, why haven’t banks brokers etc, sacked their multi million pound dealing teams and use a robot instead? This leads to the first key point.

1. The Robots Produce Made Up Track Records in Hindsight

All you need to do is look at the small print and you will see the Robot has never been traded for real, it’s a back test on historical data knowing all the facts and closing prices. The vendor simply buys and sells to make a profit knowing the closing prices and bends his system to fit the data. You can’t bend going forward though and these Robots get a reality check from the market and get wiped out.

2. Starting Equity

Even if the systems were good, the amounts they say you can start with – like $100 are just too small. You are going to have losses on any system and $100 will soon be taken by the market.

3. Money Management is non Existent

Because the track records are bent to fit the data, money management rules are generally non existent.

The reason for this is that they have bent the rules and will leave trades open you would never do in real life. I once saw a robot which claims in several years it had never had one single loss yet, look at the track record and you could see a trade closed for a profit of under 10 pips but losses were several hundred pips before the trade turned around. You wouldn’t do that in real life!

Any Forex Trader knows that success is built on money management and these robots have rules that in most instances are laughable.

Fantasy Profits Reality Losses

If you want to win at Forex trading forget the fantasy of plugging in a $100 dollar software package, with a simulated track record and it giving you profits with no effort instead, focus on learning Forex trading the right way.

How to Win

You need to make an effort and get the right Forex Education – but your efforts will be well rewarded. You can learn to trade in a few weeks and soon be making big profits in around 30 minutes a day.

Treat the markets with respect and you will be well rewarded with a great second or even life changing income, trust a robot with a simulated track record and you will be in the majority of losers.

Samuel Leslie Berkovits
http://www.articlesbase.com/currency-trading-articles/forex-robots-3-reasons-you-will-lose-money-if-you-use-them-681592.html

The forex (foreign currency exchange) market is the largest and most liquid financial market in the world. The forex market unlike stock markets is an over-the-counter market with no central exchange and clearing house where orders are matched.

Traditionally forex trading has not been popular with retail traders/investors (traders takes shorter term positions than investors) because forex market was only opened to Hedge Funds and was not accessible to retail traders like us. Only in recent years that forex trading is opened to retail traders. Comparatively stock trading has been around for much longer for retail investors. Recent advancement in computer and trading technologies has enabled low commission and easy access to retail traders to trade stock or foreign currency exchange from almost anywhere in the world with internet access. Easy access and low commission has tremendously increased the odds of winning for retail traders, both in stocks and forex. Which of the two is a better option for a trader?  The comparisons of retail stock trading and retail forex trading are as follows;

• Nature of the Instrument 
  The nature of the items being bought and sold between forex trading and stocks trading are different.  In stocks trading, a trader is buying or selling a share in a specific company in a country.  There are many different stock markets in the world.  Many factors determine the rise or fall of a stock price.  Refer to my article in http://www.i1also.com under stock section to find more information about the factors that affect stock prices.  Forex trading involves buying or selling of currency pairs.  In a transaction, a trader buys a currency from one country, and sells the currency from another country.  Therefore the term “exchange”.  The trader is hoping that the value of the currency that he buys will rise with respect to the value of the currency that he sells.  In essence, a forex trader is betting on the economic prospect (or at least her monetary policy) of one country against another country.    

• Market Size & Liquidity
  Forex market is the largest market in the world.  With daily transactions of over US$4 trillion, it dwarfs the stock markets.  While there are thousands of different stocks in the stock markets, there are only a few currency pairs in the forex market.  Therefore, forex trading is less prone to price manipulation by big players than stock trading.  Huge market volume also means that the currency pairs enjoy greater liquidity than stocks.  A forex trader can enter and exit the market easily.  Stocks comparatively is less liquid, a trader may find problem exiting the market especially during major bad news.  This is worse especially for small-cap stocks.  Also due to its huge liquidity of forex market, forex traders can enjoy better price spread as compared to stock traders. 

• Trading Hours & Its Disadvantage to Retail Stock Traders
  Forex market opens 24-hour while US stock market opens daily from 930am EST to 4pm EST.  This means that Forex traders can choose to trade any hours while stock traders are limited to 930am EST to 4pm EST.  One significant disadvantage of retail stock traders is that the stock markets are only opened to market makers during pre-market hours (8:30am – 9:20am EST) and post-market hours (4:30pm – 6:30pm EST).  And it is during these pre-market and post-markets hours that most companies release the earnings results that would have great impact on the stock prices.  This means that the retails traders (many of us) could only watch the price rise or drop during these hours.  Besides, stop order would not be honored during this times.  The forex traders do not suffer this significant disadvantage.  Also, a stock trader may supplement his/her trading with forex trading outside the stock trading hours.

• Affordability
  In order to trade stocks, a trader needs to have quite a significant amount of capital in his account, at least a few tens of thousands in general.  However, a forex trader can start trading with an account of only a few hundreds dollars.  This is because forex trading allows for higher leverage.  A forex trader could obtain larger transaction compared to stock market.  Some forex brokers offers 100:1, 200:1 or 400:1.  A leverage of 100:1 means that a US$1k in account could obtain a 100 times transaction value at US$100k.  There is no interest charge for the leveraged money.  Stock trading generally allows for not more than 2 times leverage in margin trading.  There are interest charges associated with margin trading.

• Data Transparency & Analysis Overload
  There are thousands of different stocks in different industries.  trader needs to research many stocks and picks the best few to trade.  There are many factors that affect the stock prices.  There are much more factors that may affects stock price than foreign currency exchange rates.  The forex traders therefore can focus on few currency pairs to trade.  On top of that, most data or news affecting currency exchange rate are announced officially, scheduled and in a transparent manner.  Retail forex traders therefore have better chances of success than retail stock traders.

• Bear/Bull Stock Market Conditions
  Forex traders can trade in both way buying or selling currency pairs without any restrictions.  However, stock traders have more constraints to trade and profit in bear market condition.  There are more restrictions and costs associated with stock short selling.  In a bull market when the economy is doing well, stock traders have a high chance of profitability if they buy stock first then sell it later.  Savvy forex traders however, could operate in all market conditions.

• Trending Nature of Currency
  Major currencies are influenced by national financial policies and macro trends This national financial policies and macro trends tend to last long in a certain direction, either in monetary expansionary (rate cutting) or monetary contractionary cycle (rate hiking cycle). Stock prices however tend to fluctuate up and down due to many factors, many of these factors are micro and specific to the stocks. Therefore forex traders can better exploit the trends in foreign currency markets that stock traders in stock markets.  You may want to read Ride The Trend Strategy. 

• Regulation
  Generally, most major stock markets are better regulated than forex markets.  Therefore, traders need to be aware of this difference to stock markets.  Fortunately, there are however many reputable forex brokers in the market.  With prudence and proper research, it is not difficult to find a suitable reliable forex brokers. Refer to How To Find Forex Brokers for details. 

Based on the above few points, forex trading seems to be a better trading option than stock trading, especially during these uncertainties in the global economy.  During bull market condition, stock trading could be a viable alternative.  A stock trader should definitely seriously consider supplementing their trading with forex trading.  Forex trading enables a stock trader to exploit any opportunity arises during non stock trading hours, by trading in forex trading.  Forex trading would also enable the stock traders to understand a more complete big picture of world economies operations and further enhance their stock trading skills.      

David Smith
http://www.articlesbase.com/currency-trading-articles/forex-trading-versus-stock-trading-692751.html

There are many who believe that the markets today, require the same skills as 30 years ago – but today’s markets are actually much harder to trade.

It may surprise you, but markets have changed and are now harder to trade – but if you know why, you can increase your profits dramatically.

If you don’t already understand why online currency trading has made making money harder, then you need to know – because you can then make huge profits, at the expense of other traders.

The Internet has Increased Volatility

Online currency trading has brought all the trading tools, once reserved for institutional investors, into the hands of any trader with an Internet connection.

This means that traders anywhere in the world can get all the news in a split second – just 30 years ago, this was not the case. Then the information flowed out more slowly – this meant that volatility was lower and trends were smoother – making it easier to catch, and follow the trends.

Online currency trading has now made this much more difficult.

Today, volatility is higher than ever, and pullbacks are more severe – causing traders big problems when trying to stay in a trend, without getting stopped out.

A Common Problem

Today, all traders get into moves at the same time – which increases volatility.

Example:

The market moves in the perceived direction quickly, and then recoils back (stopping traders out) – the market then continues – but many traders are stopped out, and left frustrated – as the trend continues the way they thought it would – but instead of making thousands of dollars in profit, they’re stopped out at a loss.

Does this sound familiar? – All traders face this problem.

So how can we trade more effectively with these changes in online Currency Trading?

Here are some tips to help you gain an edge over the other traders:

1. Staying power

As the chances of being stopped out on reactions are greater, you need staying power – so options are an ideal tool – if they’re used correctly.

Make sure you only use “in the money” and “at the money” options, to increase your odds of success.

2. Don’t Predict!

Don’t try and predict market moves in advance – wait for confirmation.

The best way to take advantage of a move, is to use a breakout method that will confirm the move – you should already have your orders set to take advantage when you reach your specified levels.

3. Trade Long Term

One thing that has not changed is that currency trends last a long time – months or years. These are the trends you need to milk for serious profits.

Forget day trading, with its high levels of volatility, and the impact of commission – all you will do is lose.

4. When in a Trend don’t worry about Pullbacks

Today, pullbacks can be severe – and no one likes losing short term. Don’t be deceived, if the longer trend is up – stick with the trend.

Don’t trail stops to close – allow for the volatility, you have to take it short term, to win long term.

Some traders are so obsessed when online currency trading, to protect their losses, that they can never follow a long-term trend.

5. Trade Infrequently

Don’t trade frequently – have patience.

Only trade the big moves and make sure you hold them.

Keep in mind, that the big trends last months, or years – and these are the ones to milk for maximum profits.

Forget, the commonly touted phrase: “If I am not in the market I may miss a move” – you won’t, if you focus on trades selectively.

6. Money Management

Don’t fall into the trap of you should only risk 5% on a trade – which is a frequent number touted by many authorities on trading.

On a $10,000 trade, that’s just $500.00 – if that all you’re risking, your chances of losing, or being stopped out are high.

Use 10 – 30% on trades that look good – and have the guts to go for the trade, if you believe in it.

Volatility is greater than ever – but so to is opportunity, if you know how to deal with it.

Following the above advice, you could be making big profits from online currency trading.

Good luck!

Sacha Tarkovsky
http://www.articlesbase.com/investing-articles/online-currency-trading-why-its-harder-today-than-ever-before-81056.html

Today, we live in an age with a huge amount of information at our disposal and the internet has bought a huge volume of currency trading research to everyone.

Yet this information has not helped increase the number of winning traders. Why?

Quite simply traders don’t know how to pick the right currency trading research, or how to use it correctly here we will show you how and how to make big gains.

First things first

Many traders like to follow currency trading research and then blame it when they don’t make money.

If you follow currency trading research remember – it’s your call at the end of the day, if you did the trade win or lose that was up to you you are responsible.

You need to check the currency research you follow carefully, fully understand it, to take both profits and losses.

Fundamental or technical

We often see people combine the two. Traders figure that they can use technicals and fundamentals together they can’t.

With currency trading research you either do one or the other – not both.

Why?

Quite simply, there different ways of trading and you cannot combine them.

Consider this, at important market tops they normally oppose each other!

If they both agree you probably have a losing trade.

Go with one or the other and our view is with currency trading research go with the technicals.

Here are some tips on getting the best from technical currency research.

Have confidence

If you follow someone else’s currency trading research or you have devised your own system, you must have confidence that the logic works.

Why?

Because, if you don’t you will never have the discipline to follow it through your inevitable losing periods.

All currency trading research and the signals it generates will lose sometimes, so you need to stick with it and that requires confidence in it to succeed longer term.

Keep it simple!

It is a fact that simple trading methods are the best, as they are more robust in the face of brutal market trading conditions.


Simple research based on indicators that are easy to understand and apply works best.

Don’t join the far out investment crowd

By this we mean don’t be sucked in by the hype with currency trading research that promises 87% accuracy and their selling it for a $100! Making money is not easy remember that!

The real suckers though follow predictive theories such as Elliot wave and Gann.

They can predict the market in advance. Fantastic!

However, the reality is these theories don’t work (its obvious why, if we all knew the price in advance there would of course not be a market) forget these theories and leave them for the dreamers and losers.

Focus on technical currency trading research that uses basic chart analysis with a few filter indicators that you understand and have confidence in.

Currency trading research what works?

Look for Currency Trading research that uses breakout methods or is based upon Dow Theory and uses common indicators to filter trades like:

Stochastics, moving averages, MACD, Bollinger bands, RSI etc

Keep in mind the following

There is an awful lot of currency trading research on the net and traders have a lot to choose from.

They tend to pick systems that recommend easy profits or predict the market they think making money is easy and that’s why they lose.

Don’t fall into this trap!

Using currency trading research correctly

If you follow currency trading research, make sure you understand it, feel confident in it and remember – simple methods and research are always the best and NEVER try and combine technical currency research with fundamental research to generate trades this will ensure you lose.

If you want to win focus on technical currency research and follow the tips above to huge profits longer term.

Sacha Tarkovsky
http://www.articlesbase.com/investing-articles/currency-trading-research-using-it-correctly-for-huge-gains-65183.html