Learn Forex, Forex Tutorial, Trading System, Forex Trading, Forex Guide Learn Forex (Foreign Currency) Trading ? Why should you learn forex ? I myself make a lot of money from forex. Forex is the largest money market in the world. There is always an opportunity for you to make money. No matter how hard the competition is. The part I love most is you can earn unlimited profit in forex.
LearnForexPro.com will teach you step by step guide how to make money in forex world and how to trade forex like a pro. First thing to do is read our forex trading basic, tutorial, and guide. Understand it. Use our trading strategy and system (or you can use your own), get used to trade forex, and start making money !
# Why you should consider forex (Currency) trading as your primary business ? In forex trading, you decide when you want to work, how long you want to work, and how much money you want to make (You are the Boss)
# Forex trading requires limited equity and the yield could be unlimited
# You can make money anywhere (as long as you are connected to internet) and anytime (forex market opens 24 hours a day, 5 days a week).
# You can maximize your profit and limit your loss.
# You will have a big probability to become financially freedom by trading forex. All you need to do is read this website for forex tutorial and guide, find your own profitable trading system (or use ours) and repeat making profit by your own trading system.
(I found a successful forex trader whose learned forex business by accident, recently he made a lot of money by trading forex, about tens of thousand dollars a month ! and people starting to beg him to manage their money). And this could happen to you ! Start learning forex and make money now !
What do you need to start trading forex ?
# A Personal Computer (and PDA, optional and preferable)
# Stable and high speed internet connection
# Limited equity (for example $1000)
# Reliable, reputable and trusted online forex broker
FCMarket.com | Trusted Forex Broker Since 2001, 1:500 Leverage, Spread starts from 2, $3/Lot Cash Bonus, ATM Debit Card
You dont need an office, otherwise you can start your business from home or anywhere else. Even when you are travelling, you still can make money. As simple as that !
What is Forex Trading ?
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks
What is traded in Forex Trading ?
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.
When is the time to trade forex ?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.
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What are commonly traded currency pairs (Majors) in forex trading ?
Majors are the most liquid and widely traded currency pairs in the world. Trades involving majors make up about 90% of total Forex trading. The Majors are: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and USD/CAD.
Symbol Country Currency
USD United States Dollar
EUR Euro members Euro
GBP Great Britain Pound
JPY Japan Yen
CHF Switzerland Franc
CAD Canada Dollar
AUD Australia Dollar
GBP/USD is the only currency pair with its own name. It is known as “Cable” but there are also lots of abbreviations for other currency pairs such as
Symbol Known As
EUR/USD Euro
GBP/USD Cable
GBP/JPY Geppy
AUD/USD Aussie
NZD/USD Kiwi
USD/CAD Loonie
USD/CHF Swissy
USD/JPY Gopher
What are the benefits of forex trading
# Two way opportunities, that means you can earn profit from upward or downward price movement. For example if you buy (go long) and the price moving upward, you will be in profit. and the otherway, if you if you sell (go short) and the price moving downward, you will be in profit
# Extreme liquidity of the market. Forex is the most liquid market in the world, and that means you can buy or sell anytime you want
# Long trading hours, Forex allows you to trade 24 hours a day and 5 days a week (except on weekends).
# Leverage to amplify your profit, you can use a relative small quantity to trade bigger amount (usually from 1:50 up to 1:500) for example you have $100, without leverage your profit is only $0.01 but with 1:100 leverage your profit will be $1. (leverage makes your profit 100 times bigger, this also applies to loss).
# Free of comission, Relative Low Spread Cost, usually online forex brokers offer you comission free trading, no brokerage fee, no exchange fee, and smaller trading transaction cost.
# Flexible Trading Lots, you can trade rather standard lot (100K), mini lot (10K), or even micro lot (1K)
# Automated / Robot Trading, some trading platform such as Metatrader enables automated trading
Factors affecting forex trading
Although exchange rates are affected by many factors, in the end, currency prices are a result of supply and demand forces. Supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.
Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several . These elements generally fall into three categories:
# Economic factors.
These include economic policy, disseminated by government agencies and central banks, economic conditions, generally revealed through economic reports, and other economic indicators.
Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government’s central bank influences the supply and “cost” of money, which is reflected by the level of interest rates).
# Political conditions
Internal, regional, and international political conditions and events can have a profound effect on currency markets.
For instance, political upheaval and instability can have a negative impact on a nation’s economy. The rise of a political faction that is perceived to be fiscally responsible can have the opposite effect. Also, events in one country in a region may spur positive or negative interest in a neighboring country and, in the process, affect its currency.
# Market psychology
Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:
1. Flights to quality: Unsettling international events can lead to a “flight to quality” with investors seeking a “safe haven”. There will be a greater demand, thus a higher price, for currencies perceived as stronger over their relatively weaker counterparts.
2. Long-term trends: Currency markets often move in visible long-term trends. Although currencies do not have an annual growing season like physical commodities, business cycles do make themselves felt. Cycle analysis looks at longer-term price trends that may rise from economic or political trends.
3. “Buy the rumor, sell the fact”: This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being “oversold” or “overbought”. To buy the rumor or sell the fact can also be an example of the cognitive bias known as anchoring, when investors focus too much on the relevance of outside events to currency prices.
4. Economic numbers: While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect - the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. “What to watch” can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.
5. Technical trading considerations: As in other markets, the accumulated price movements in a currency pair such as EUR/USD can form patterns that may be recognized and utilized by traders for the purpose of entering and exiting the market, leading to short-term fluctuations in price. Many traders study price charts in order to identify such patterns
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Learn Forex, Forex Tutorial, Trading System, Forex Trading, Forex Guide Learn Forex (Foreign Currency) Trading ? Why should you learn forex ? I myself make a lot of money from forex. Forex is the largest money market in the world. There is always an opportunity for you to make money. No matter how hard the competition is. The part I love most is you can earn unlimited profit in forex.
LearnForexPro.com will teach you step by step guide how to make money in forex world and how to trade forex like a pro. First thing to do is read our forex trading basic, tutorial, and guide. Understand it. Use our trading strategy and system (or you can use your own), get used to trade forex, and start making money !
# Why you should consider forex (Currency) trading as your primary business ? In forex trading, you decide when you want to work, how long you want to work, and how much money you want to make (You are the Boss)
# Forex trading requires limited equity and the yield could be unlimited
# You can make money anywhere (as long as you are connected to internet) and anytime (forex market opens 24 hours a day, 5 days a week).
# You can maximize your profit and limit your loss.
# You will have a big probability to become financially freedom by trading forex. All you need to do is read this website for forex tutorial and guide, find your own profitable trading system (or use ours) and repeat making profit by your own trading system.
(I found a successful forex trader whose learned forex business by accident, recently he made a lot of money by trading forex, about tens of thousand dollars a month ! and people starting to beg him to manage their money). And this could happen to you ! Start learning forex and make money now !
What do you need to start trading forex ?
# A Personal Computer (and PDA, optional and preferable)
# Stable and high speed internet connection
# Limited equity (for example $1000)
# Reliable, reputable and trusted online forex broker
FCMarket.com | Trusted Forex Broker Since 2001, 1:500 Leverage, Spread starts from 2, $3/Lot Cash Bonus, ATM Debit Card
You dont need an office, otherwise you can start your business from home or anywhere else. Even when you are travelling, you still can make money. As simple as that !
What is Forex Trading ?
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks
What is traded in Forex Trading ?
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.
When is the time to trade forex ?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.
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What are commonly traded currency pairs (Majors) in forex trading ?
Majors are the most liquid and widely traded currency pairs in the world. Trades involving majors make up about 90% of total Forex trading. The Majors are: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and USD/CAD.
Symbol Country Currency
USD United States Dollar
EUR Euro members Euro
GBP Great Britain Pound
JPY Japan Yen
CHF Switzerland Franc
CAD Canada Dollar
AUD Australia Dollar
GBP/USD is the only currency pair with its own name. It is known as “Cable” but there are also lots of abbreviations for other currency pairs such as
Symbol Known As
EUR/USD Euro
GBP/USD Cable
GBP/JPY Geppy
AUD/USD Aussie
NZD/USD Kiwi
USD/CAD Loonie
USD/CHF Swissy
USD/JPY Gopher
What are the benefits of forex trading
# Two way opportunities, that means you can earn profit from upward or downward price movement. For example if you buy (go long) and the price moving upward, you will be in profit. and the otherway, if you if you sell (go short) and the price moving downward, you will be in profit
# Extreme liquidity of the market. Forex is the most liquid market in the world, and that means you can buy or sell anytime you want
# Long trading hours, Forex allows you to trade 24 hours a day and 5 days a week (except on weekends).
# Leverage to amplify your profit, you can use a relative small quantity to trade bigger amount (usually from 1:50 up to 1:500) for example you have $100, without leverage your profit is only $0.01 but with 1:100 leverage your profit will be $1. (leverage makes your profit 100 times bigger, this also applies to loss).
# Free of comission, Relative Low Spread Cost, usually online forex brokers offer you comission free trading, no brokerage fee, no exchange fee, and smaller trading transaction cost.
# Flexible Trading Lots, you can trade rather standard lot (100K), mini lot (10K), or even micro lot (1K)
# Automated / Robot Trading, some trading platform such as Metatrader enables automated trading
Factors affecting forex trading
Although exchange rates are affected by many factors, in the end, currency prices are a result of supply and demand forces. Supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.
Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several . These elements generally fall into three categories:
# Economic factors.
These include economic policy, disseminated by government agencies and central banks, economic conditions, generally revealed through economic reports, and other economic indicators.
Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government’s central bank influences the supply and “cost” of money, which is reflected by the level of interest rates).
# Political conditions
Internal, regional, and international political conditions and events can have a profound effect on currency markets.
For instance, political upheaval and instability can have a negative impact on a nation’s economy. The rise of a political faction that is perceived to be fiscally responsible can have the opposite effect. Also, events in one country in a region may spur positive or negative interest in a neighboring country and, in the process, affect its currency.
# Market psychology
Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:
1. Flights to quality: Unsettling international events can lead to a “flight to quality” with investors seeking a “safe haven”. There will be a greater demand, thus a higher price, for currencies perceived as stronger over their relatively weaker counterparts.
2. Long-term trends: Currency markets often move in visible long-term trends. Although currencies do not have an annual growing season like physical commodities, business cycles do make themselves felt. Cycle analysis looks at longer-term price trends that may rise from economic or political trends.
3. “Buy the rumor, sell the fact”: This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being “oversold” or “overbought”. To buy the rumor or sell the fact can also be an example of the cognitive bias known as anchoring, when investors focus too much on the relevance of outside events to currency prices.
4. Economic numbers: While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect - the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. “What to watch” can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.
5. Technical trading considerations: As in other markets, the accumulated price movements in a currency pair such as EUR/USD can form patterns that may be recognized and utilized by traders for the purpose of entering and exiting the market, leading to short-term fluctuations in price. Many traders study price charts in order to identify such patterns
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There are 100s of Exchange Traded Funds (ETFs) and HOLDRS covering key industry benchmarks such as the various Standard & Poor (S&P) Indexes, Russell Indexes or the Dow Jones Products. There are other ETFs that cover the other less well known narrow based sectors. Join Options University.
For example SPY tracks the Standard & Poor’s 500 Composite Index and is the largest of the ETFs. You should know the major indexes that are either key benchmarks or have ETFs tied to them.Trade the forex market. Get best forex signals.
Standard & Poor: Standard & Poor (S&P) is the financial services segment of the McGraw Hill companies. It has been providing independent and objective financial information, analysis and research for nearly 140 years.
It is also the provider of equity indexes. These indexes are also used as the basis for wide variety of financial instruments such as Index Funds, Futures, Options and ETFs. Investors around the globe use S&P Indexes for investment performance measurement.
S&P 500 Composite is one of the most popular indexes in the global financial markets. Hundreds of companies around the world have licenses with the Standards & Poor’s for their index products. The influence and name recognition of S&P 500 is unparalleled. It is also used as a key benchmark for money manager performance.
The S&P 500 is a capitalization weighted index that tracks the performance of 500 large capitalization issues and each year thousands of money managers have the single minded goal of outperforming the S&P 500. S&P 500 represents more than 75% of the capitalization of the entire US Stock Market.
30 years back most of the stocks in S&P 500 were from the Industrial Sector. By 1970s, six of the top companies were from the Oil Sector. Over the years, the complexion of S&P 500 has changed. In 2000s, technology composed about one third of the capitalization of the index. The stocks in the S&P 500 are determined by a nine member committee in accordance with the general guidelines.
The other Standard & Poor’s indexes are the S&P Midcap 400 Index and it is based on 400 chosen domestic stocks. It is also capitalization based and measures the performance of the midsize companies of the US economy.
The S&P SmallCap 600 Index consists of 600 domestic stocks. These stocks are chosen for market size and liquidity. S&P SmallCap 600 is also capitalization weighted index and is of interest to institutional and retail investors. There are also sub-indexes based on these S&P Indexes.
NASDAQ: You will often hear in the media that the Nasdaq market being up or down on a given day. NASDAQ Composite Index contains more than 4500+ companies. It represents a market capitalization of trillions of dollars in the US economy.
There is another Nasdaq Index called the Nasdaq-100. NASDAQ-100 is composed of the top 100 nonfinancial companies in the Nasdaq Stock Market like Microsoft etc. It is a modified capitalization weighted index. The QQQ is based on the Nasdaq-100 Index.
Learn penny stock trading. Ever thought of trading ETFs? ETFs stand for Exchange Traded Funds. ETFs represent an ownership stake in a basket of underlying assets or securities. This basket can represent a specific index like the S&P 500 or the Nasdaq 100. It could be a segment of market like the small cap, large growth stocks. It can also be a sector like semiconductor, energy, travel. There are even ETFs on foreign currencies like Euro, Yen, and USD.
Join sector hunter service.The value of the ETF is determined by the underlying securities. It can also comprise of bonds, gold, silver or other commodities. So you may be thinking this sound like investing in a mutual fund. Discover a revolutionary new forex robot.
ETFs are different from the Mutual Funds in a number of ways. ETFs can be brought and sold throughout the trading day like ordinary stocks. The unit price of ETF changes instantaneously unlike the Mutual Funds that are priced at the end of the trading day.
ETFs can be shorted, traded with a margin account and many trade options. ETFs can be traded using the market, limit and stop loss orders. There is no minimum for ETF purchases. So ETFs offer the diversification advantages of mutual funds and the flexibility of stocks.
Suppose you have a bullish opinion on the oil sector. You will have to analyze dozens of companies in the oil sector and spend hours to select the one that you think is the strongest. One of the main advantages of ETFs is that they offer diversification.
ETFs provide you the benefit of diversification in the same way that mutual funds do to the small retail investors. You could choose the Oil Sector ETFs that would give you the advantage of mimicking some oil sector index. Instead of investing in a few stocks you have now invested in a particular sector just like investing in a mutual fund.
The key advantage that ETFs hold over mutual funds is that they can be sold or bought at anytime of the day. ETF prices keep on changing in relation to the underlying assets. However, mutual funds are priced only once at the end of each trading day.
Another main advantage of ETFs over mutual funds is the fees charged by each. A mutual fund charges management fees and can also charge upfront, backend or other sales loads. Expense ratios for ETFs on average are not more than 0.4%. ETF expenses are low because they are passively managed and generally follow an established index.
Foreign currency trading is not just for gamblers or commodity traders. Currency trading has become extremely popular among the institutional investors, big companies and hedge funds.
Foreign currency has become a respected asset classification. It is so hot that now you can trade Exchange Traded Funds (ETFs) on currencies. As with any other product there are advantages and disadvantages of trading ETFs so you need to do your due diligence before making any investment decision.
[Original article source: Profit Buddies]
We all know that it’s impossible to truly forecast the future, but with a little help from technical analysis, we can determine prevailing market trends and attempt to ride the wave.
So why do we care about the current market direction? Well, think of investing like swimming in a river, you can swim with the current or against the current; in both cases you are performing the activity of swimming, but swimming with the current is much easier, and you’ll probably be more successful getting to your destination.
When determining the trend there are three possible outcomes; up, down, and sideways. The good news here is that we start this process with a 33.3% chance of being right, even if we were to randomly pick one of the three possible outcomes. To improve our chances of being correct, we’re going to add a few simple steps to our process.
To start our observation we must decide on a timeframe, are we trading short-term trends where we will be in and out of a position swiftly (like a few days to a few weeks), medium-term trends where we may hold a position from a few weeks to a couple of months, or are we investing for the long-term with a buy-and-hold strategy. Once we’ve determined our timeframe, this is the length of the trend we want to examine.
The first step in measuring the trend is absurdly simple… pull up your favorite charting package, or surf on over to your favorite financial website and pull up a chart of your favorite stock. Next, set the chart timeframe to the timeframe we determined above. Finally, compare the first price on the chart to the last price on the chart (or if the chart allows, draw a straight line from one to the other); the price will either be trending up, down, or relatively sideways. Simple enough right? We could stop here but in nearly every instance of technical analysis we want to use some sort of confirming indicator.
The confirming indicator we’re going to use for now is volume; the amount of daily trading in a certain index, sector, security, etc. In many cases, the charting software or financial website chart will already have a volume chart displayed below the price chart. Spotting the trend in volume is the same as for spotting the trend in price; just compare the first value on the volume chart with the last value on the chart… unfortunately in many cases the trend won’t be as clear, especially for longer timeframes.
To summarize the use of these two indicators together, let’s explore all the potential outcomes.
Price up and volume up = strong upward trend
Price up and volume down = upward trend that may turn downward
Price up and volume sideways = weak upward trend
Price down and volume up = strong downward trend
Price down and volume down = downward trend that may turn upward
Price down and volume sideways = weak downward trend
Price sideways and volume up = sideways trend that may turn upward
Price sideways and volume down = sideways trend that may turn downward
Price sideways and volume sideways = sideways trend
At this point we have determined the direction for a single stock, but this isn’t really the entire process that should take place. Ideally this process would be performed with the equity you are interested in, followed by the sector that the equity belongs to, and finally to the index the sector is in. As above, explore all of the possibilities of up, down, and sideways results. Doing this type of research and comparing the results will give a much better indication of the strength and direction of the trend.
The system we’ve discussed in this article for determining market trends is simple, easy to use and understand, and intended as a starting point for beginning investors. There are many other methods and technical indicators we could use or add to the charts, but we’ll leave those for another day.
To provide feedback or participate in other investing discussions, visit us at Profit Buddies
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