FOREX NEWS TRADING

Unlike stock markets, forex markets are open 24/5 except on the weekends. There is a continuous price action all day in the currency markets. Do you know this fact more than 90% of forex traders are speculators?

Currency markets react violently to the release of economic and socio political news. Currency rates can shoot up or down violently for a few minutes to a few hours before the market absorbs the impact of the news.

Fundamental economic news like NFP figures, the housing sales number, FOMC meeting etc all are released at a known time. Google Fundamental News and you will see lots of sites that provide this information.

You can get the day and time when a major economic announcement is going to be made. Non Form Payroll (NFP) figures have become very significant for USD pairs especially after the start of the recession recently.

Non Farm Payroll (NFP) figures are released regularly at 8:30 AM EST on the first Friday of every month. EUR/USD and other USD pairs become very jittery just before the release of these figures. EUR/USD can sometimes shoot up by 50-150 pips in 5-10 minutes just after the release of these figures.

The markets mostly stabilize within a few hours after the release of an important economic news unless the news is of such a fundamental nature to form a new trend in the market.

News release trading is ideal for those traders who like a lot of action within few minutes. Here is one strategy described below that you can use.

Enter both buy and sell orders on for example EUR/USD at 10 pips above and below the price of EUR/USD just five minutes before the announcement of NFP figures.

Place stop loss of 10 pips for both the orders. Place take profit of 40 pips on both orders. When the NFP figures are announced, EUR/USD will either shoot up or down.

Suppose it goes up by 10 pips, buy order will be triggered. Suppose EUR/USD jumps by 60 pips. Your position will be closed at 50 pips when you have reached take profit of 40 pips. Isnt it nice you made 40 pips in a few minutes?

Suppose EUR/USD shoots down. Your sell order will be triggered and you will still make 40 pips. Sometimes the markets have a tendency to whipsaw so be careful. Practice this strategy on your demo account first ten times before going live.

A SOLUTION TO CHANGING FOREX MARKET

The Forex market is supported by Forex trading systems. In fact, without these systems, people who delve into the currency exchange would not be where they are without them. The strange thing is, not one Forex trading system in the market has stayed in the market for along because they were flawed and made mistakes. It is unfortunate that the things supposed to be helping with traders are so susceptible to error.

As a response, the Forex traders looked for a Forex trading system that is highly precise and accurate. Seeing the onset of computers doing jobs for people in the modern world such as manufacturing and selling, they have turned to computing as a solution. With this, they hope to introduce a system which is able to do a lot of tasks minus the error, a possibility that traditional Forex systems cannot reach.

More importantly, what is the solution to this problem? One of the computerized systems that have been produced is the Forex MegaDroid. This is a software that answers the longings of several Forex traders for the longest time. It is a multi-tasking program that can do things such as the most precise moment of entry to execute trade to its automatic closing to gain profit.

In 18 days you can expect a profit of 153%! It is fast and simple to install. The best thing is that it has a simple user interface. People with relatively few experiences with programs could definitely get a lot from that. It makes a lot of profits which means you can make thousands of dollars each day. A highly advanced artificial intelligence in the system can adapt to the many changing market conditions.

The traditional Forex system used cannot adapt to other market conditions because it only has one coded algorithm which can accommodate only one market condition. That is its fatal flaw. It is general knowledge that the market conditions change very frequently so without a doubt these systems cannot live long. They quickly become outdated. Forex trading systems implemented in the past cannot comprehend new market conditions because of the market?s highly complex nature.

The Forex MegaDroid solves this problem. It has an advanced artificial intelligence. This gives it the edge of adaptation. Unlike the traditional Forex trading systems, the Forex MegaDroid does not crumble as it fine tunes itself to the demands of the new market. In every moment, second, and minute of the day, the Forex MegaDroid changes with the fluctuations of the market. It does this automatically and at the same time monitoring the situation to close Forex trade at the exact time to avoid loss. It also has the technology of Reverse Correlated Time And Price Analysis (RCTPA), a very advanced system developed by tis cerators.

A lot of people have been very fortunate with the Forex MegaDroid. For a long time, a lot of traders have been wary of the trading systems because of their fragility. The traditional ones cannot cope up with changes in the market. Many have tried numerous systems only to be disappointed. But those who have been disappointed will be really surprised by the changes done by the Forex MegaDroid whenever it encounters a shift in market conditions. With each use of this new technology, traders are able to quadruple their input.

The Forex MegaDroid is also very accessible. Five steps are only needed. You can have your own copy just by downloading it from the Forex MegaDroid official website. With the purchase of this power software, you will be glad. Be a personal witness to the wonders of the Forex MegaDroid.

EASY FOREX PLATFORM

If you’re just looking in to the world of forex trading, the number of available choices can be daunting. The Easy Forex Trading Platform is a good place to start because the volume of free information available there is staggering! What follows is a brief description of some of the features you’ll find.

Home Page

When you get there, click on the About tab, which gives you some background about the company behind the site. The minimum trade amount is $25, which is lower than a lot of other services. Of course, if you’re just starting, executing a trade is the last thing you should do on your first visit. Do your research and gain a basic understanding of all the risks and rewards before you commit any of your money. Easy Forex doesn’t require you to download any software to your computer and makes the set up very easy.

Glossary

If you’re not an expert, spend a little time browsing through the Glossary. You’ll find the Glossary button at the top of the left side menu. Give it a click and read for a while. Do you, for example, know what “GTC” stands for? It’s in the Glossary.

Financial Calendar

Right near the Glossary button there is a financial calendar tool. It lists the upcoming announcements and reports that are issued on a regular basis and that can be used as indicators for the currency exchange market. It’s very important to get familiar with this schedule and have a general idea of what the report contents mean.

Forex Outlook

The Forex Outlook button displays a high-level summary of the current state of the major world currencies and is posted daily. It covers the USD, Yen, Euro, and others.

Guided Tour

Take the tour. It’s an invaluable learning tool. It walks you through a straightforward example of a trade (USD against the Euro) and shows you all the steps involved in placing the deal. This is just an example, but you can learn a lot from just walking through the steps. The second example takes you through a futures deal - a little more complicated but again, a good learning experience. By the way, at the end of each example, there is an analysis of the possible outcomes, explaining how you would have gained or lost, depending on rate fluctuations.

The Info Center

Be sure to browse through the items in the Info Center part of the menu on the left side of the screen. There’s a Market Overview, a Market History section, and a selection that discusses strategies and risks. You can get a mini-course in the Forex markets in that one section alone.

In summary, the Easy Forex site offers a lot - read and learn, and don’t trade until you know what you’re risking.

8 STEPS TO BECOME TRADING WINNER

You’re new to forex, or perhaps you’re not new. You’re just not making any money. I know it’s not comforting, but you’re not alone. As I’m sure you’ve heard, an estimated 90% of traders lose money.

So, what are you to do about it? Hope and pray that you’re trading turns around? Buy any and every new trading product that comes on the market? Just give up? Bury yourself in heavy books about the physiology of trading?

There is a better way. Listed below are the eight steps that will (guaranteed) take you from loser to winner if you just work at following them exactly.

1. Get the idea of trading with real money out of your head. You are not making money, so why would you continue? If a vending machine took your money and didn’t give you any product, would you keep feeding it money?

Obviously not. The same rule applies with trading. Don’t throw good money after bad. Stop trading.

2. Buy a ready-made system that is proven to do well. Beware! I did not say to just go buy any system, or to buy an expensive system. There is a place and a time for expensive (proven) systems. However, you do not need one as you learn to trade profitably.

They are readily available. Don’t let catchy sales copy sway you into buying something worthless.

3. Study everything you can on the internet and in books about money management. You are now in school. Learn the system you purchased. Study everything you can on trade size and risk. Realize that picking winning trades is easy compared to the self-control of proper money management.

4. Demo trade the system applying sound money management. Only now do you begin to trade again and only with pretend money.

5. After six month (longer if you’re not profitable yet), start trading with real money. You want to trade as small of an account as you can.

Do not get impatient! I know six months sounds like forever. I have just one question for you? Do you want to lose money?

6.If you are not trading profitably with real money, then start looking for a proven signal provider.

Evaluate your trading after several months of real money. How are you doing? If you are profitable, skip to step eight. Otherwise, continue.

7. Trade with the signal provider while you continue to turn your trading profitable. Do not rush to pick a signal provider. There are a lot of snakes in the grass. Ask questions in forums. Talk to people. Pick someone with whom you are comfortable and who is proven.

8. Their will come a time when you’re trading will become profitable because you don’t have the burden of having to be profitable (the signal provider is profitable for you). So you will then find your own trading making you money as well.

FOREX CURRENCY AND STRATEGIES

The Foreign exchange market is commonly known as the Forex market, it is the principal financial market in the world.

Forex currency trading market is existing almost everywhere in the world where currencies are traded for one another. The Forex market is even larger than the Treasury and Equity markets all over the world. Forex market can best be described in terms of capital; this is to say that a place where the money of one country is traded for another is basically known as Forex. In the present scenario, the most popular and significant currency exchange pairs in the Forex market are the Euro Dollars.

However the most complex problems until today is that, there is no single central exchange place or the facility in the Forex market where everybody can exchange the currency they wish to. All the currency trade is either done on online or over the telephone in the Forex currency trading market. Forex currency trading is done online via huge networks, which are in connection with all the principal participants of the Forex strategy system such as the banks, the government, big financial institutions, currency traders and Forex brokers.

With the revolution that has been brought about in the form of electronic economy, online Forex currency trading has started offering plenty of services to all the currency traders and brokers all over the world. Today, Forex strategy system is such that anybody having access to the Internet can easily enter into the Forex currency trading business. However, this does not mean to say that anyone without having the basic knowledge of Forex strategy system can blindly jump into the Forex game. In order to become a Forex trader, one should have a good amount of knowledge and all the necessary bits of information about the existing Forex strategy system, Forex trading signal, Forex alerts, Forex signal, Forex trading strategy, and the overall Forex currency trading.


At present, Forex currency trading has become the most popular arena for all the speculators and traders worldwide. Earlier Forex strategy system was not open to everybody and it used to be the domain of the banks and the high risk investors only but now, the boom in Forex strategy system has facilitated the easy entry of outsiders and beginners. If you aspire to be one of the successful Forex traders, it is most essential to have prior knowledge about the Forex trading signal, Forex alerts, Forex signal and the Forex trading strategy. In order to be a Forex trader and an active participant in the Forex trading strategy, it is best advised to seek help from a professional Forex trader or an experienced Forex expert. But, if you really want to earn a living out of Forex currency trading, then the best thing you could possibly think of would be undertaking a Forex training course. Such courses are readily available and genuinely helpful in training students in Forex trading strategy, Forex currency trading, Forex trading signal, Forex strategy system, Forex signal and Forex alerts.

WHO CAN PLAY IN THE MARKET?

The good news is that anyone can join in the frenzy. Those who don’t have money can borrow something like $500 then pay it back gradually when a little cash has been made.

There are two ways to analyze the current market conditions.

The first is called the technical analysis. Basically, this is the use of historical data to make a prediction and hope that the assumptions are correct.

The second is called the fundamental analysis. There are a lot of things that could affect the foreign currencies. A good example is the Asian meltdown in 1998. There are also other things to watch out for such as political and economic situation as well as the credit ratings given by different organizations like the World Bank.

Some people use one method of analyzing while others use both. In the end, these are mainly assumptions because some countries are able to bounce back after a crisis.

Making money through the foreign exchange market can be done at home or at work. The only thing needed is a computer which connected to the internet that has to be kept on at all times to monitor everything.

There are two client versions you can choose from when do trading in the foreign exchange market. There is the web based client and the desktop based client. The web based client is a client which you can use without needing to install any software and you only need a browser and internet connection to using it, but the desktop based client is a client where you need to install it first on your computer before it can be used for trading.

Those who have been in the game for quite awhile can use the web-based version to do transactions personally. First timers and those who are uncertain are better off using the desktop-based version. An analyst will be able to advice the person before money is thrown into the wind.

Studies show that more than a trillion dollars exchange hands daily in the foreign exchange market. This shows that there is a lot of money floating around and a fortune can be made if this is done correctly.

IS FOREX RISKY?

The answer is yes but if you trade it safely and know what you’re doing and have analysis skill you can gain your success in forex trading. People without skills and experience will think that forex trading is same like gambling but it’s not true because with the right skills and experience you can get lot’s of profits from your forex trading.

It will be a good idea for someone new to start small first.

MUST FOLLOW THIS

Why did some people make it and other give up or just painfully failed ? I have narrowed it down to several reasons. Hopefully you will be able to take these lessons away from this article and impliment them into your own trading.

1. Trading more then 1% a trade.

Seems a little weird that the people who eventually made the $100k only risked a max of 1% of their capital in any given trade? Well thats what everyone who made it did. Trading this amount of capital keeps you in the game if you eventually run into a losing streak on the market. This is a vital piece of information to remember. Even though your profits will be lower then a person who risks, say, 10% a trade, your long term ability to stay in the game is far greater then the 10% trader.

2. Trading more then 3 major currency pairs at a time.

There is no way getting around it, Forex can sometimes be a risky and volitile market. Information saturates the internet about every major currency pair. Keeping track of more then 3 currency pairs will often leave the trader in paralysis of analysis. Personally i only trade 2 majors and keep up to date on those. Being a master of 2 currency pairs is far better then being a jack of all pairs and a master of none.


3. Being lazy and not constantly learning.

People change, and markets based on people change with them. Forex changes all the time, what is a favoured currency, what isn’t favoured can change week to week. My point here is not to only trade the news, my point is that the people who succceeded in making the $100k were always shaprpening their skills. This market can make you filthy rich so why wouldnt you spend the time learning all you can about it? I can never understand new traders who read a few books on Forex and think that their learning is finished. If you want to make money off Forex remember this, the cost of trading forex is Capital and Learning.

4. Only focusing on one time frame.

Last but not least here is something we probably all did as new traders. But the sooner you kick this habit the better off you will be. Let me give you an example. If a daily chart is showing an upward trend reversal, but on a 1 minute chart it is showing a strong start to an upward trend, if you are only focusing on the 1 minute chart you are going to lose a lot of chedder. My point here is simple, keep an eye on the overall picture at all times. Use 2 -3 different time period charts for a big picture and then use 1 to make your trading decision.

Remember the Forex market does not play favorites. Learn to trade smarter and the profits will follow.

FOREX PLATFORM

The massive Forex trading markets provide great online business possibilities. When people search for Forex information, you want them to visit your website. “Forex Trading Signal”, “Interbank Forex”, and “Scalping Forex” will be the type of search terms that you want to draw traffic from.

A acute cost movement on high volume is pondered authentic and in all likelihood to be maintained, when a equally acute move on low volume is rebated and viewed as more in all likelihood to reverse. Propulsion pointers fall into a group of technical examines known as oscillators, since the mathematical delegations of propulsion are structured on a scale that sees propulsion ascend and fall, or flux, relying on the pertinent speed of the cost movements. A assortment of variant propulsion oscillators live and breathe, each determined by assorted recipes, although they’re all based on the relation of the present cost to antevalued costs over a interpreted period of time.

In most cases, you’re more contented expecting more humble cost movements of 30 to 80 pips instead of striving for the home-run ball. And no matter what some infomercial informs you, you’re not going to retire based on some lone trade. The key is to hit desperados and stay in the game.

With Forex you’ve got the biggest, most dynamic and stimulating economical market worldwide. We approach currency exchanging from those 2 point of views, looking at them individually and mixing them together to give you the data you need to trade in the Forex market. Presuming is really about taking on economical risk in the wish of making a surplus.

If they’re not being quizzed, we’re commencing to imagine that perhaps the market is already excessively small and that surplus taking small canopy might follow. If the report comes in higher than anticipated, we’ve already discovered the in all likelihood upside cost points that can spark a bigger response. Imagine ahead in reference to what the market is anticipating based on consensus anticipations and how much has been valued in.

TRADING EXPERT

If you try to look around, you will see that there are a lot of expert advisers in Forex trading and most of them are available through software and programs that you simply have to run in your computers.

What is the reason why 90% of Forex traders lose?

This is for the reason that traders are humans that will be attacked by greed. Like all humans, we tend to lose our confidence the moment when we find ourselves in serious conditions, and we also possess the inherent fear about things that might happen. Because of this, a lot of traders would rather opt for expert advisers in Forex trading software that will help you achieve the reliability of decision that most humans are lacking.

When we say ‘expert adviser’ it basically refers to a “robot”. Don’t underestimate them, come to think of the fact that robots beat humans at a game of chess and they would also beat humans at trading. As a trading guide, the robot will watch the market for you, hence it will place trades under definite parameters while at the same time enjoying the ability of being immune to fear, lack of confidence, greed, and inconsistency.

FOREX MARKET WORLWIDE

Forex is a trading ‘method’ besides known as FX or and independent market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a tally as some are going to gain money and others are going to escape money. Don’t try to play forex by taking loans otherwise you may caught up in iva or will need debt management if played wrongly. The basics of forex are twin to that of the cattle market actualize in item country, but on a immensely larger, grand scale, that involves people, currencies again trades from around the world, in befitting about any domain.

Different currency rates befall and alter every day. What the value of the dollar may be peerless present could be large-scale or lower the next. The trading on the forex market is solo that you have to watch closely or if you are investing packed amounts of money, you could elude giant amounts of chief. The main trading areas for forex, happens in Tokyo, in London and dominion New York, but there are also many other locations around the world where forex trading does take decree.

The vastly heavily traded currencies are those that land (pressure no particular decree) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can occupation any one currency against another and you can trade from that currency to another currency to build evolving further money and relate casual.

The areas where forex trading is marvelous place will open further close, and the coming up entrust cause and gain. This is seen also in the stock exchanges from around the world, as distant time zones are processing order and trading during different time frames. The results of any forex trading in one nation could think results and differences in what happens power additional forex markets as the countries take turns initiation also closing suppress the time zones. rumble rates are going to vary from forex trade to forex trade, besides if you are a broker, or if you are lowdown about the forex markets you inclination to apprehend what the rates are on a given day before making any trades.

The bovines market Is ofttimes based on products, prices, again other factors within businesses that will adapt the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to admit stocks again make money - which by the advent is illicit. practiced is violently little, if any at all inside information in the forex trading markets. The money trades, buys and sells are all a part of the forex peddle but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.

Every currency that is traded on the forex market does have a three message code associated with that currency so competent is no miscalculation about which currency or which domain one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese craving is intimate as the JPY. If you are sympathetic impact contacting a broker and becoming involved significance the forex markets you charge boast rife online where you incumbency review the caravan information and transactions before processing and becoming mingled leverage the forex markets.

ADVANTAGES OF FOREX

The Forex market is open 24 hours a day. In this process a trader don't need to wait the market to open. Any time forex trader can buy or sell currency to earn profit.

High liquidity market-

Forex market is high liquidity market. Trader can easily cash in or cash out their capital.

High Leverage Margin-

Usually 1% margin is available in foreign exchange. Forex brokers offer trade margin of 50, 100, 150, or even 200 to 1 of trade margin. Forex traders often find themselves controlling a huge sum of money with little cash.

4 NECESSARY TOOLS FOR THE EFECTIVE FOREX TRADER

Smart entrepreneurs understand the necessity of tools to ply their trade in the most efficient method possible. The forex dealer is no different and should have an efficient arsenal of forex specific tools if the trader desires to live to tell the tale beyond the first few hours of their entry into the foreign exchange market.

Selling and buying currencies is not something that should be entered into frivolously. Deciding upon cheap or free tools to assist you in your trading is silly. If you are going to participate in the FX market it follows that you must arrive well prepared with quality resources readily available to you.

The quality of tools you decide on will in part determine the amount of success you realize trading in the forex market. A few of the tools you will definitely want to consider are

Good Forex Training Course
Web Based Forex Broker
Forex Signal Software
Computerized Forex Trading System

FOREX MARKET

Forex market is a totally different beast as compared to the stock market. Stock market is open only for a fixed times usually from morning to the evening. After that it closes and trading stops. But forex markets never close. They are open 24 hours a day, 5 days a week except on weekends.

Continuous 24 hour action at the forex markets baffles many new traders. Forex markets have no central exchange. It is an Over the Counter (OTC) market that is spread over various locations in the world.

As there is no open and close of the forex market, many new traders get confused and dont know when the best time when major price action takes place is? So they sit in front of the computer all the time and in the end simply exhaust themselves losing their stamina. A clever way is to divide the 24 hour day into three 8 hour sessions.

Again divide each 8 hour session in 4 hours by using 4 hour charts. As you will read this article, I will explain how this division is logical and can help you understand the forex markets. Forex markets are basically controlled by three money centers and these three sessions will help you identify the risk appetite and the price action for each.

The three major money centers that affect the forex markets everyday are namely: Asia, London and New York. We will call our three trading sessions, the Asian, the London and the New York Session.

Asian FX Market Session: Sydney, Tokyo, Hong Kong and Singapore are the main centers that constitute the Asian Session. Export corporations and Central Banks of these countries are trying to hedge their currency fluctuations. Due to this price action is jumpy, fades away and is not sustainable.

London Market Session: London is the center of the global forex markets. The price action that takes place during this session forms the trend in the rest of the day trading. London forex markets are deep and highly developed. London market is also assisted by Paris, Geneva and Frankfurt. Since lot of money is needed to move this market, these moves give a lot of information for the traders.

New York FX Market Session: New York is second biggest FX market after London. Both of these markets overlap in the morning when New York is opening and London is closing. This is the time for major action.

The following table gives important times of the day that any forex trader needs to know: 00:00 GMT-Sydney Opens. 11:00 GMT-London opens. 15:00 GMT- London becomes very active. 17:00 GMT- London is active and New York opens. 18:00 GMT- London and Europe closes. 19:00 GMT- New York and Chicago getting ready for a close!

This overlap between London and New York is the time when major price action takes place. There is lot of volatility in the market and you can make many pips. London is the trend setter in both forex and fashion.