When choosing a Forex broker or platform, there are many different considerations to think about, and a lot of questions to ask each of them. Those raised in this chapter are presented as a guide you should use in your search for the right broker or platform for you. Please note that some of the answers below refer to the terms offered by the forex breakout platform
Trading Platform.
We believe that a skilled and well informed trader is a better trader, for both the trading platforms and the individual traders.
Personal account management
Is anybody there? Are there real people behind the phone (or the e-mail box)? Do I have a one-on-one relationship with an individual who knows my account and is able to provide continuity of service online?
Expert magic breakout team members are available to you at all times, anytime. Moreover, you have your own Account Service Manager working closely with you, while dealing room services are offered to you by expert Forex dealers. You may speak with us by phone, by e-mail, or over the advanced online CHAT system that we operate. Depending on your location, you can also visit our regional office to meet in person. Yes, it's internet, but we are
real, and we take it personally.
Live training and one-on-one help
Do they offer professional assistance and tools? magic breakout offers background information for the Forex market, a Guided- Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support. You are never left alone to trade without help, whenever you want it. Moreover, your personal Account Service Manager will guide you live on your first trading steps, to help you get
acquainted with the forex breakout system, and will answer all of your technical questions.
Guaranteed Rates and Stop-Loss
Is it “around” or “near” the rate I set, or exactly on it? magic breakout guarantees your exact Stop-Loss rate by using the latest technologies. We are committed to the principle that you will never lose more than the margin risked by the Stop-Loss rate you choose.
The same principle holds true for any Take-Profit rate you set: your deal will close automatically on the exact Take-Profit rate you define. Needless to say, you can change both Stop-Loss and Take-Profit rates at any time while a deal remains open. It is highly important that you know that, due to the nature of the forex global market, 100% guarantee to pre-set rates is impossible. Such may occur under highly volatile market conditions, where other parties to the Forex trade (e.g. – the trader, the platform, the liquidity provider, etc.) are unable to execute specific rates, or specific rate range, due to conditions that are beyond their control. Simply put:forex breakout makes any and all efforts to guarantee the rates, when it is able to doing so, unless market conditions prevent delivering the rate selected.
No software download
Is the internet platform friendly and easy to use? Do I need to download any software? Can I begin trading immediately, and am I restricted to a specific computer terminal?
magic breakout Trading Platform was the first, and may be the only, Forex platform that enables users to start trading immediately.With no software to download, you can log into your account and trade anytime, from anywhere.
Start trading in less than 5 minutes
How time-consuming is the account set-up process? Can I immediately register, deposit the margins for the deal, and start running?
With magic breakout, the answer is “Yes”. There is no software to download, and you have the option of using your credit card to deposit the margin required to trade. Please note that due to security measures aimed at protecting you, the scope of deals during the first week of trading with magic breakout, is limited. This restriction will be removed after making phone contact with our team. Banks are closed at nights, weekends and holidays.
Trade, deposit and withdraw at Forex breakout, 24x7 Margin trading with as little as US$50
What is the lowest amount I can risk?
The magic breakout system enables you to trade with very small amounts if you wish: you can start using magic breakout with as little as $50. No bank (that we know of) offers such an opportunity. Starting to trade with such small amounts is the best way to get acquainted with the Forex marketplace. “Demo” accounts, which are offered by many but not by Forex, magic breakout allow you to trade only imaginary money. Consequently, you are unlikely to trade in the same way you would with your own real money, thus minimizing the value of such accounts as a learning tool. By trading, instead, with very small amounts of your money, you familiarize yourself with the system, and are free to increase your level and scope of activity at your own pace as your confidence and experience grow.
Freeze the rate you see
When I select a rate for a deal, can I "FREEZE" it for a few seconds before I make my final decision? Unlike any other trading platform today,magic breakout offers you the ability to
freeze an exchange rate for a few seconds, regardless of rate movements. This means that the rate you see and freeze is the rate you get if you proceed with the deal. During a “freeze”, the Forex market could change, but you are guaranteed the rate you have frozen.
Commissions? Fees? Spreads?
No hidden costs Are all costs readily apparent? Am I charged commissions on trading? Am I
charged commissions on withdrawals of profit? With magic breakout, you pay no commissions for the deals you make (see our Spreads and Commissions page on board our website).magic breakout acts as a market maker, and makes its earnings from the spreads that are embedded in the currency rates. In the "Day-Trading" zone you may roll over your positions to the next day for a renewal fee. There are no charges for profit withdrawals or deposits. Moreover,magic breakout does not levy its side of bank costs onto the trader.
Security and Safety
What kind of safety and security measures are taken to protect my transactions?
magic breakout treats the issues of data security, privacy, integrity and backup with the utmost attention and care. These criteria are achieved by:
• Ensuring authorized access only.magic breakout uses two layers of top class firewall: one at the server level and one at the application level;
• Using an advanced SSL by VeriSign for user authentication and data transfer;
• Separating the application servers (the servers that handle our clients' online activity) from transactional information which is stored on a different data server;
• Locating two different farm servers separately for data recovery, integrity and replication. Data has to be synchronized in both locations, thus cannot be tampered with. All the information on the servers is encrypted when stored;
• The physical security of each server farm is very high. Armed guards are on location 24 hours a day, and access to the premises is strictly forbidden except for authorized personnel.magic breakout ensures that whatever happens: failure, disaster, etc., your
transactions are intact, secure, and backed up.
To get personal assistance and free training,
magic breakout (registration is quick and a onetime fee,no obligation)
copy and paste on your browser;(http://amarachi21.tnjpc.hop.clickbank.net)
Special terms for frequent traders
Can the trading terms I am offered be tailor-made to my personal preferences?
The spreads and other terms in our site assume deals of small and up to medium volumes.If you are a trader dealing in larger volumes, we offer you a tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). Contact us the moment you`re registered to obtain your special trading terms.
Competitive spreads
How many "pips" are offered in the spread? The spreads on our site assume deals of small and up to medium volumes.If you are a trader dealing in larger volumes, we offer tailor-made accounts to suit your exact needs (spreads and leverage).
Live, real-time streaming quotes Are the rates presented the most current? Is the information presented in my account status window updated at the same time so my position is always current?
The magic breakout high-edge system uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. You may check your accounts and positions in real time, you may do so 24 hours a day, and make a deal based on real-time information.magic breakout believes it is highly important for you to be able to control your funds whenever you wish,and base your deals on real-time information. That is the level of service we are committed to providing to our clients.
Refer-a-friend incentive program
Will I be credited and enjoy benefits for referring friends to the trading platform?
Of course. HOWEVER: this depends on the user’s country of residence and jurisdiction. Such program may be implemented in several world regions, where in other regions it may not be offered. Please check with your account sales manager!.
Being an magic breakout user,you are entitled to cash and other bonuses for
referrals.our magic breakout site can provide details. You can also benefit by joining forces with the trading platform via IB (Introducing Broker) programs, and Internet-Affiliate programs.magic breakout rewards performance in these programs, providing online access to its business partners. When it comes to Forex affiliate programs,magic breakout is
number one in the world (by number of Forex-Affiliates enrolled, as well as by
commissions paid to them).
Full control with online access
Can I control my Forex account from anywhere on the globe, from any computer, at any desired time, 24x7x365? Using any computer connected to the internet, anywhere on the globe, registered traders can access the magic breakout system. In case you have technical difficulties - relating to old versions of PC hardware or software - please read our TECHNICAL SUPPORT section (linked at the bottom of our homepage), or contact us by e-mail, phone or chat to get online technical support.
Full Transparency
May I generate detailed reports with the click of a button, as well as track all transactions performed in my Forex account, whenever I wish? Yes. You may check the value of your position at any time, as well as see historical data (transactions and deals) with the click of a button. Moreover, you may generate "scenarios" ("what-if?") with possible rates at your position, in order to see if you are in a gain or loss. When logic dictates, you can control greed.
to register with magic breakout forex strategy copy this link below;
http://amarachi21.tnjpc.hop.clickbank.net
TRIPLE YOUR MONEY
Thursday, 7 July 2011
Monday, 4 July 2011
Five Forex Tips To Help You Make Money in Currency Trading
If you want to invest into something that could really be worth your time and effort,perhaps you'd consider getting into forex trading. This is really a great way to make money,even without doing a lot to achieve it. But diving head-first into the world of forex currency trading without knowing anything about it could be very risky, and this could cost you everything that you'll invest in this endeavor. In order to be successful in this field,you need to know some of the best tips that will not only help you make money,but will guide you to long run success in currency trading.
There are actually a lot of forex tips to help you make money in currency trading, but not all of them are useful. You also need to filter the tips that would apply to your situation,and would actually lead you to success. This article will walk you through five of the best forex trading tips to help you make money,and ultimately make your venture into the world of forex a success.
Tip #1: Don`t gamble
Forex trading and gambling are two different things,and the latter should never be used with the former. All your moves and actions in Forex trading strategies should be calculated in order to avoid losses.Of course, there are times that even when you calculate your moves, you'd still incur losses, but at least you didn't lose big because of your unwarranted hunch. Attempting to trade without analysis and market study is like playing a game of chance.Of course playing a game is quite fun and interesting,if it remains as a game and not a real-world event. If it involves money, as you'd expect with forex trading,this already turns serious, so losing your money won't really be fun anymore.Don't risk even a cent without thinking your moves through first.You might get lucky at some instances,but as you continue with your uncalculated moves,you'll run out of money a lot sooner than you think.
Tip #2: The current trend is your best guide
there is a saying among professional traders and investors which is "the trend is your friend" If you want to be successful in the field of forex trading,always go with the trend,especially if you're just starting to know about things related to forex. The trend is indeed your friend,because this will help you maximize all your chances for success. Of course,there are instances that you'd like to trade against the trend,based on your calculations or your projections.However,going against the trend would require more attention from you,wherein you'll need to have nerves of steel and sharp skills to reach your goals.You can try to go against the trend once in a while if you have already amassed a good amount of experience(and hopefully, a good amount of money) while you were trading with the trend.
Tip #3: Trade with a calm, straight face
When you're trading with your emotions, you're prone to risking all you have because you're disappointed with how things are going.You'd also be more hesitant to take risks,even if you're going with the trend, because you're emotions tell you that you're just risking your investments. Being cautious is not really a problem, but doing so most of the time won't really bring you anywhere.Keep a calm straight face and make reasonable moves to avoid digging a deeper hole for your forex account.Never try to do revenge trade,or trying to avenge a lost trade in just one go.When you're winning, don't be greedy and put all your eggs in just one basket. Always remember to think clearly in order to avoid overreaction, as it could clearly cost you a lot of money in the end.
Tip #4: Do your trades on the right time frame
One common error that could lead to great loses in terms of forex trading is not choosing your most comfortable time. Forex trading is just like other duties or activities that you have in your life.If you feel that you're not in your element, chances are high that you'd be doing bad moves and be making bad decisions.Choose the right time frame so that you are comfortable enough to analyze the market.This way, you'd be able to place and close orders at your own pace.
Tip #5: Practice with a Forex demo account
Before you invest your money, you should first have an idea how the forex system works.In forex trading, you'll be able to know more about these by practicing on a Forex Demo account.Never invest all your money into a real Forex account without trying out the demo account.If you do,then you're doomed to fail because you really don't know what you are doing. By using a forex demo account, you'll be able to gain knowledge and build discipline as you practice trading.
if you`ll like to get more tips on what best strategy is good for you just copy and paste this webpage ;http://amarachi21.tnjpc.hop.clickbank.net
There are actually a lot of forex tips to help you make money in currency trading, but not all of them are useful. You also need to filter the tips that would apply to your situation,and would actually lead you to success. This article will walk you through five of the best forex trading tips to help you make money,and ultimately make your venture into the world of forex a success.
Tip #1: Don`t gamble
Forex trading and gambling are two different things,and the latter should never be used with the former. All your moves and actions in Forex trading strategies should be calculated in order to avoid losses.Of course, there are times that even when you calculate your moves, you'd still incur losses, but at least you didn't lose big because of your unwarranted hunch. Attempting to trade without analysis and market study is like playing a game of chance.Of course playing a game is quite fun and interesting,if it remains as a game and not a real-world event. If it involves money, as you'd expect with forex trading,this already turns serious, so losing your money won't really be fun anymore.Don't risk even a cent without thinking your moves through first.You might get lucky at some instances,but as you continue with your uncalculated moves,you'll run out of money a lot sooner than you think.
Tip #2: The current trend is your best guide
there is a saying among professional traders and investors which is "the trend is your friend" If you want to be successful in the field of forex trading,always go with the trend,especially if you're just starting to know about things related to forex. The trend is indeed your friend,because this will help you maximize all your chances for success. Of course,there are instances that you'd like to trade against the trend,based on your calculations or your projections.However,going against the trend would require more attention from you,wherein you'll need to have nerves of steel and sharp skills to reach your goals.You can try to go against the trend once in a while if you have already amassed a good amount of experience(and hopefully, a good amount of money) while you were trading with the trend.
Tip #3: Trade with a calm, straight face
When you're trading with your emotions, you're prone to risking all you have because you're disappointed with how things are going.You'd also be more hesitant to take risks,even if you're going with the trend, because you're emotions tell you that you're just risking your investments. Being cautious is not really a problem, but doing so most of the time won't really bring you anywhere.Keep a calm straight face and make reasonable moves to avoid digging a deeper hole for your forex account.Never try to do revenge trade,or trying to avenge a lost trade in just one go.When you're winning, don't be greedy and put all your eggs in just one basket. Always remember to think clearly in order to avoid overreaction, as it could clearly cost you a lot of money in the end.
Tip #4: Do your trades on the right time frame
One common error that could lead to great loses in terms of forex trading is not choosing your most comfortable time. Forex trading is just like other duties or activities that you have in your life.If you feel that you're not in your element, chances are high that you'd be doing bad moves and be making bad decisions.Choose the right time frame so that you are comfortable enough to analyze the market.This way, you'd be able to place and close orders at your own pace.
Tip #5: Practice with a Forex demo account
Before you invest your money, you should first have an idea how the forex system works.In forex trading, you'll be able to know more about these by practicing on a Forex Demo account.Never invest all your money into a real Forex account without trying out the demo account.If you do,then you're doomed to fail because you really don't know what you are doing. By using a forex demo account, you'll be able to gain knowledge and build discipline as you practice trading.
if you`ll like to get more tips on what best strategy is good for you just copy and paste this webpage ;http://amarachi21.tnjpc.hop.clickbank.net
Forex Trading Strategies: 3 Golden Rules
Forex is murky territory that's why you never ever venture forth blindly.Fortunately there are Forex trading strategies out there you can rely on.The problem though is that there are a lot of strategies to consider.There are probably as many strategies out there as there are potential scenarios and needs so that's a lot of strategies for you to go through. To help you get started then,consider keeping to heart the three golden rules traders follow.
Three golden rules
More than just a place to start in learning about Forex exchange strategies,the three golden rules are actually the culmination of most things that you should keep in mind. Again, Forex is murky territory so having a bunch of things you can refer to will be very convenient for you. While you will most likely have a trader,knowing what strategies work will still be to your advantage. The three golden rules of Forex include: closely follow trends, protect funds,and define the goals of each trade.
1.Closely follow trends
Forex trading is all about being able to predict trends so you can make use of the right strategies. Whether you predict a trend that points to a rise or a fall, it doesn't matter.There are strategies anyway for dealing with trends rising and falling so the actual trend is not important.You just have to know what is happening to a trend so you can properly come up with an approach that will be beneficial for you.
2.Protect funds
Where risks are high, rewards are high as well so a lot of people are tempted to put a lot of money into a single trade.Don't.Should this trade not turn out as planned, you're looking at a lot of losses--losses you could have avoided by being a little bit more modest.Optimism is a good thing when it comes to Forex because this gives you the energy and the spirit to take risks on trades. However, there is also such a thing as being too optimistic.
Trends can be predicted but they can also quickly change at the last minute so you also have to be ready to lose some. Still, while you are ready to lose, that does not mean that you should be a willing victim of erratic trends. By not putting all your funds one place,you essentially protect your funds since not everything will be affected should a trend go awry.Have funds left and you will live another day, and you never know, that might be your shot at making it big. The safest option for you is to use up 2% of your balance for every trade you make. You can also go beyond 2% but never more than 5%.
3.Define the goals of each trade
Like many things in life, having a goal will help you determine the best course of action to take. The same is true with Forex. By knowing what you hope to accomplish in a trade, you can narrow down the list of strategies you can use, making it easier for you to pinpoint which one to use. Trends and trades might not always follow predictions (that's why they are called predictions),but being amply prepared can increase your chances of getting results in your favor.
Should you get help?
If you want to take part in a trade, consider getting a professional trader teach you about the industry first so you know what you're getting into exactly. Should you be firm in deciding that you want to be part of the craziness that is Forex, at least you have someone who can set it up for you first. You might know how the processes work but really understanding the system is acquired through experience, which you will be certainly lacking.And knowing (really, really knowing) Forex is important if you want to be able to follow how trends and trades flow.
click here;http://amarachi21.tnjpc.hop.clickbank.net
Where to get help
You can most easily enlist the help of a Forex trader through your local bank. Otherwise, you can also check out professional traders offering their services over the internet. The added benefit of going online is that you can do a lot of research about the industry.However, don't forget that you still need to meet up with a professional who can explain everything to you to ensure that you understand everything. If you've done your share of research,you can use this time to voice out whatever questions or concerns you will have. On the matter of cost, keep in mind that like any professional,the more experienced a trader is, the more you have to pay as the cost you are paying will be proportional to the kind of experience you will be taking advantage of.
for more details on this report and some free indicators on the latest pips,go to my site copy and paste on your browser;http://amarachi21.tnjpc.hop.clickbank.net
Three golden rules
More than just a place to start in learning about Forex exchange strategies,the three golden rules are actually the culmination of most things that you should keep in mind. Again, Forex is murky territory so having a bunch of things you can refer to will be very convenient for you. While you will most likely have a trader,knowing what strategies work will still be to your advantage. The three golden rules of Forex include: closely follow trends, protect funds,and define the goals of each trade.
1.Closely follow trends
Forex trading is all about being able to predict trends so you can make use of the right strategies. Whether you predict a trend that points to a rise or a fall, it doesn't matter.There are strategies anyway for dealing with trends rising and falling so the actual trend is not important.You just have to know what is happening to a trend so you can properly come up with an approach that will be beneficial for you.
2.Protect funds
Where risks are high, rewards are high as well so a lot of people are tempted to put a lot of money into a single trade.Don't.Should this trade not turn out as planned, you're looking at a lot of losses--losses you could have avoided by being a little bit more modest.Optimism is a good thing when it comes to Forex because this gives you the energy and the spirit to take risks on trades. However, there is also such a thing as being too optimistic.
Trends can be predicted but they can also quickly change at the last minute so you also have to be ready to lose some. Still, while you are ready to lose, that does not mean that you should be a willing victim of erratic trends. By not putting all your funds one place,you essentially protect your funds since not everything will be affected should a trend go awry.Have funds left and you will live another day, and you never know, that might be your shot at making it big. The safest option for you is to use up 2% of your balance for every trade you make. You can also go beyond 2% but never more than 5%.
3.Define the goals of each trade
Like many things in life, having a goal will help you determine the best course of action to take. The same is true with Forex. By knowing what you hope to accomplish in a trade, you can narrow down the list of strategies you can use, making it easier for you to pinpoint which one to use. Trends and trades might not always follow predictions (that's why they are called predictions),but being amply prepared can increase your chances of getting results in your favor.
Should you get help?
If you want to take part in a trade, consider getting a professional trader teach you about the industry first so you know what you're getting into exactly. Should you be firm in deciding that you want to be part of the craziness that is Forex, at least you have someone who can set it up for you first. You might know how the processes work but really understanding the system is acquired through experience, which you will be certainly lacking.And knowing (really, really knowing) Forex is important if you want to be able to follow how trends and trades flow.
click here;http://amarachi21.tnjpc.hop.clickbank.net
Where to get help
You can most easily enlist the help of a Forex trader through your local bank. Otherwise, you can also check out professional traders offering their services over the internet. The added benefit of going online is that you can do a lot of research about the industry.However, don't forget that you still need to meet up with a professional who can explain everything to you to ensure that you understand everything. If you've done your share of research,you can use this time to voice out whatever questions or concerns you will have. On the matter of cost, keep in mind that like any professional,the more experienced a trader is, the more you have to pay as the cost you are paying will be proportional to the kind of experience you will be taking advantage of.
for more details on this report and some free indicators on the latest pips,go to my site copy and paste on your browser;http://amarachi21.tnjpc.hop.clickbank.net
Spotting Trends For Forex Trade Profits
The foreign exchange market is the most liquid of all financial markets in the world. Since the market deals with the trading of currencies,a forex trader must always be up-to-date about forex trends,as any shift in the market can earn or lose a trader a lot of money.The use of a forex chart is indispensable when it comes to identifying forex trends.
The advent of the Internet has made it easier for traders to observe trends in the stock market, as they can observe their charts in the comfort of their own home.It is worth noting, however,that when it comes to the foreign exchange market, there is no single exchange rate, as the rate of particular currencies can significantly depend on the bank or market by which you are trading.Instead of observing rates,it is important to trade based on trends.
The process of observing trends is where forex charts come into play, as they indicate whether a particular currency pair is doing well or not. If you don't have forex chart software, you can simply use the ones that are readily available online. Once your forex chart is ready, you can then choose your currency pair and as well as prepare a time frame for how long you want to trade within that particular market.
In Forex trading, there are primarily two types of trends that you should pay attention to when identifying such factors; upward trends and downward trends. Knowing exactly
what these trends indicate will make it easier for you to decide on your next step.Upward trends essentially indicate high lows and highs and conversely, downward trends indicate lower lows and highs.
Following forex trends can be rather complicated; especially for novice traders but those who have been trading for a long time can easily manage when it comes to spotting trends.
Those who plan to go into long-term currency trading should make it a point to observe such trends to increase profit. Looking at forex weekly charts will make it easier for you to observe the market as a whole,instead of observing the particular currency pair that you are working with.
If you want to know future trends and rates, it would be useful to add moving averages to the chart so that you can see where current forex rates are going in the future. You should also decide how long you want your timeframe to be; it is ideal to opt for a period of 5 to 14 days for novice traders so that they can easily pullout. But for those who have had enough trading experience,it is ideal to opt for longer periods.When working with your currency charts, make sure to use different colors to be able to properly identify each line.
There are a lot of other methods that you can use when identifying trends. The easiest way is to just make a close observation of a particular currency pair and keep a close eye when it makes lower lows or higher highs. By keeping track of these observations, it would be easier for you to identify a particular trend; as such trends can be identified once there are several price changes. Another method employed by most people when it comes to observing forex trends is the breakout method.
Breakout trading is employed by buying breakouts.When market trends move up and down
following the same movement,a breakout happens when the particular trend is broken. A trader seeks to earn more profit by buying breakouts with high odds.However, this kind of method may not be ideal for novice forex traders, especially since it is best to stick to obvious turns in the market before trading for high odds.The primary purpose of identifying such trends in forex is to find out when it is best to enter a market and how long a trader can ride on that trend within a particular timeframe, as indicated in the forex chart. However,it is important to keep in mind that the very nature of trading is risky. There are times when no amount of observation can keep you from losing. This is why it is important to know when to cut your losses.
Trend spotting can significantly help when it comes to increasing the amount of potential profit you would earn from trading particular currency pairs but you still have to learn how to trust your basic instinct. You should also keep in mind that there are certain events that can affect market conditions and these consequences may often be negative. When it comes to forex trading, a great deal of the profit that a trader earns depends on market conditions and forex rates, which are in turn, determined by international parity conditions, economic policies, political conditions, and economic growth,among many other factors.
to learn more about right trends and the strategies to apply,please go to my
site; http://amarachi21.tnjpc.hop.clickbank.net
The advent of the Internet has made it easier for traders to observe trends in the stock market, as they can observe their charts in the comfort of their own home.It is worth noting, however,that when it comes to the foreign exchange market, there is no single exchange rate, as the rate of particular currencies can significantly depend on the bank or market by which you are trading.Instead of observing rates,it is important to trade based on trends.
The process of observing trends is where forex charts come into play, as they indicate whether a particular currency pair is doing well or not. If you don't have forex chart software, you can simply use the ones that are readily available online. Once your forex chart is ready, you can then choose your currency pair and as well as prepare a time frame for how long you want to trade within that particular market.
In Forex trading, there are primarily two types of trends that you should pay attention to when identifying such factors; upward trends and downward trends. Knowing exactly
what these trends indicate will make it easier for you to decide on your next step.Upward trends essentially indicate high lows and highs and conversely, downward trends indicate lower lows and highs.
Following forex trends can be rather complicated; especially for novice traders but those who have been trading for a long time can easily manage when it comes to spotting trends.
Those who plan to go into long-term currency trading should make it a point to observe such trends to increase profit. Looking at forex weekly charts will make it easier for you to observe the market as a whole,instead of observing the particular currency pair that you are working with.
If you want to know future trends and rates, it would be useful to add moving averages to the chart so that you can see where current forex rates are going in the future. You should also decide how long you want your timeframe to be; it is ideal to opt for a period of 5 to 14 days for novice traders so that they can easily pullout. But for those who have had enough trading experience,it is ideal to opt for longer periods.When working with your currency charts, make sure to use different colors to be able to properly identify each line.
There are a lot of other methods that you can use when identifying trends. The easiest way is to just make a close observation of a particular currency pair and keep a close eye when it makes lower lows or higher highs. By keeping track of these observations, it would be easier for you to identify a particular trend; as such trends can be identified once there are several price changes. Another method employed by most people when it comes to observing forex trends is the breakout method.
Breakout trading is employed by buying breakouts.When market trends move up and down
following the same movement,a breakout happens when the particular trend is broken. A trader seeks to earn more profit by buying breakouts with high odds.However, this kind of method may not be ideal for novice forex traders, especially since it is best to stick to obvious turns in the market before trading for high odds.The primary purpose of identifying such trends in forex is to find out when it is best to enter a market and how long a trader can ride on that trend within a particular timeframe, as indicated in the forex chart. However,it is important to keep in mind that the very nature of trading is risky. There are times when no amount of observation can keep you from losing. This is why it is important to know when to cut your losses.
Trend spotting can significantly help when it comes to increasing the amount of potential profit you would earn from trading particular currency pairs but you still have to learn how to trust your basic instinct. You should also keep in mind that there are certain events that can affect market conditions and these consequences may often be negative. When it comes to forex trading, a great deal of the profit that a trader earns depends on market conditions and forex rates, which are in turn, determined by international parity conditions, economic policies, political conditions, and economic growth,among many other factors.
to learn more about right trends and the strategies to apply,please go to my
site; http://amarachi21.tnjpc.hop.clickbank.net
Is Forex Investment Safe? The Pros and Cons.
Forex trading is more or less a game of hit-and-miss. But, of course, you want to make as many hits as possible for you. As trends can be fickle, it is very important then that you have a plan as you enter the world of Forex. But is trading really for you?You should know first and foremost what foreign exchange is all about.
What it is
The Forex system is a system for trading that involves clients hedging against or speculating upon changes happening in the exchange rates of two sets of currencies. For instance, you can speculate on the activity of the EUR/USD market so you can take
advantage of the profits arising from capturing the moment wherein the Euro appreciates against the US Dollar.
The pros
There is very minimum capital involved in Forex so it is an attractive system for more people compared to other kinds of trading. You don't need a lot and you can even set up a dummy account for you to practice on so you don't actually spend your
funds as you are still learning the ropes of foreign exchange. It also doesn't hurt that while minimum capital is involved, fairly huge profits are still possible. This sets the foreign exchange system apart from other kinds of trading then in that the rewards are not proportional to the risks involved. Can't understand what Forex is all about? Don't worry. You don't actually have to do it yourself in order to take advantage of the rewards as you can enlist the help of a Forex trader to do the trading for you. And should you decide to give it a try and do trading yourself, there are Forex software available in the market to help you out as well.
The cons
While there is minimum capital involved, reaping the rewards may not come as easily as losses are pegged at about 80% of the time you do Forex trading. You need a plan in order to make the most of the foreign exchange market but you can't really make a
lot of plans when it comes to foreign exchange trading as it involves a short-term market. Foreign exchange rates fluctuate all the time so it will be very hard to take advantage of a certain situation for a long time. If you're one who thrives on stability and long-term planning, then joining the Forex market might not be the best idea for you.
Making a decision
As with anything, you should take into consideration the pros and cons of taking part in the foreign exchange market in order to determine whether or not this kind of investment practice is suitable for you. Different people have different needs and
interests so what could be attractive for you in trading might not be so much with others. And the same is true for others as well. Take note of the above mentioned pros and cons then assess how they figure in your lifestyle. If the pros outweigh the cons for you, then go ahead and try out Forex.
Giving it a go
Given that Forex involves its own intricacies, you should have a guide first when you are starting out to ensure that you properly learn the ins and outs of trading with currencies. While you have to be ready to deal with losses, having as much practice as you can and having someone guide you throughout will help you
manoeuver your way as much as possible towards profits.
Where to get help
Your local bank is a good place to turn to for help as they employ professional traders who can guide you. It should be convenient for you to visit your bank as well. Another convenient spot for you to check out would be foreign exchange sites. Some will have professional traders you can enlist. Some will have a wealth of
information you can check out to help you learn almost anything you will need as you enter the world of foreign exchange. The trading software you can practice on can also easily be acquired online. Since you can easily get help, you don't have to worry too much on how you will ever get to learn about the foreign exchange market.
Taking the risk
There is hardly anything in life without risk. Going out of your home is a risk. Meeting someone new is a risk. So to a certain degree it would be pointless to say that you shouldn't give Forex a shot because it has risks. There will be risks even when you think there won't be so you might as well give it a shot. By arming yourself anyway with as much information and practice as you can, you can help soften the blows you will take along the way.
if you`ll like to learn more of the best ways to trade forex with the best techniques available copy and paste on your browser;
http://amarachi21.tnjpc.hop.clickbank.net
What it is
The Forex system is a system for trading that involves clients hedging against or speculating upon changes happening in the exchange rates of two sets of currencies. For instance, you can speculate on the activity of the EUR/USD market so you can take
advantage of the profits arising from capturing the moment wherein the Euro appreciates against the US Dollar.
The pros
There is very minimum capital involved in Forex so it is an attractive system for more people compared to other kinds of trading. You don't need a lot and you can even set up a dummy account for you to practice on so you don't actually spend your
funds as you are still learning the ropes of foreign exchange. It also doesn't hurt that while minimum capital is involved, fairly huge profits are still possible. This sets the foreign exchange system apart from other kinds of trading then in that the rewards are not proportional to the risks involved. Can't understand what Forex is all about? Don't worry. You don't actually have to do it yourself in order to take advantage of the rewards as you can enlist the help of a Forex trader to do the trading for you. And should you decide to give it a try and do trading yourself, there are Forex software available in the market to help you out as well.
The cons
While there is minimum capital involved, reaping the rewards may not come as easily as losses are pegged at about 80% of the time you do Forex trading. You need a plan in order to make the most of the foreign exchange market but you can't really make a
lot of plans when it comes to foreign exchange trading as it involves a short-term market. Foreign exchange rates fluctuate all the time so it will be very hard to take advantage of a certain situation for a long time. If you're one who thrives on stability and long-term planning, then joining the Forex market might not be the best idea for you.
Making a decision
As with anything, you should take into consideration the pros and cons of taking part in the foreign exchange market in order to determine whether or not this kind of investment practice is suitable for you. Different people have different needs and
interests so what could be attractive for you in trading might not be so much with others. And the same is true for others as well. Take note of the above mentioned pros and cons then assess how they figure in your lifestyle. If the pros outweigh the cons for you, then go ahead and try out Forex.
Giving it a go
Given that Forex involves its own intricacies, you should have a guide first when you are starting out to ensure that you properly learn the ins and outs of trading with currencies. While you have to be ready to deal with losses, having as much practice as you can and having someone guide you throughout will help you
manoeuver your way as much as possible towards profits.
Where to get help
Your local bank is a good place to turn to for help as they employ professional traders who can guide you. It should be convenient for you to visit your bank as well. Another convenient spot for you to check out would be foreign exchange sites. Some will have professional traders you can enlist. Some will have a wealth of
information you can check out to help you learn almost anything you will need as you enter the world of foreign exchange. The trading software you can practice on can also easily be acquired online. Since you can easily get help, you don't have to worry too much on how you will ever get to learn about the foreign exchange market.
Taking the risk
There is hardly anything in life without risk. Going out of your home is a risk. Meeting someone new is a risk. So to a certain degree it would be pointless to say that you shouldn't give Forex a shot because it has risks. There will be risks even when you think there won't be so you might as well give it a shot. By arming yourself anyway with as much information and practice as you can, you can help soften the blows you will take along the way.
if you`ll like to learn more of the best ways to trade forex with the best techniques available copy and paste on your browser;
http://amarachi21.tnjpc.hop.clickbank.net
the simple forex breakout forex strategy
The forex breakout strategy is one of the most reliable and most common strategies that successful forex traders use.Especially in the current 2010-11 market with high volatility,breakout strategies have prevailed as being some of the most reliable.
However, there is more than one way to trade a breakout, of course. Some traders will enter a trade on a breakout and then hold the trade for more than a few days as a swing trade, if they believe a trend is forming in the direction of the breakout. Intraday traders will often take a breakout trade and actually use the breakout as an opportunity to scalp anywhere from 10 to 60 pips or so. Traders will enter the breakout trade at different times and will follow different rules of entry, exit and stop setting. However, nearly all successful traders will incorporate breakout strategies into their trading plans one way or another. There is no “one correct way” to trade breakouts, of course, so you will need to discover which method is the best for your, personality, and the level of risk and patience you are able to provide while waiting for a breakout to occur!
First, let’s review what a breakout is. In general, a breakout is when a currency pair makes a move across a support or resistance point. It “breaks through” the support or resistance level and breakout strategy is a system where A breakout occurs when the price breaks a significant high and makes a new high and Another breakout occurs when the price breaks a significant low and makes a new low.the reason momentum-traders use this system often and always is because;
In price action based trading (trading that does not rely on the over-use of technical indicators); there are 3 different ways that are recommended to identify and take a breakout trade:
1. Look for a period of consolidation in the currency pair, then enter during the
consolidation phase. In my opinion, this is the most risky approach. When you enter a breakout during consolidation, you really do not know which way the currency pair will move.
In my opinion, by entering during the consolidation phase, you are starting with just a 50% probability of getting the direction of the trade right. Then you have to add in the other factors such as setting a large enough stop loss which is another factor that can decrease the probablity of the trade going as expected. So all in all, in my subjective opinion, I would claim that this is one of the least preffered ways to take a breakout trade.
2. The second way is to determine the upper and lower points of the consolidation range. Then wait for the currency pair to actually break through one of the points. Then immediately, or after a very short time, get into the trade in the direction of the breakout. This strategy is less risky, in my opinion, because you have waited for some confirmation of the pairs’ direction. False breakouts can always occur; however, when you use this basic strategy along with setting appropriate stop loss, limit taking, and reversal rules, you can expect to increase your “win” ratio to 70% or even higher.
3. The third way I will mention is similar to method 2 above. Again, you start by observing the pair in a period of consolidation. Next you wait for it to break through one of its support/resistance points. However instead of taking the trade immediately upon the breakout, the trader will wait for a “pullback” and then take the trade in the direction of the breakout. The main concern I have with this method is the potential for “lost opportunity.” In other words, if momentum is really strong, the pair may not perform a “pullback,” and you would then miss a big move waiting for a better entry point.
I have a preference for which of the 3 methods I like to trade. This does not mean that my strategy is the best one for others. Take some time to implement the different ways of entering a breakout trade on a demo account and see which one fits your “trading personality” the best!
for more details about what breakout strategies to use and which one that will work for you best read more of this on this title on my blog and click and the end of
it,http://amarachi21.tnjpc.hop.clickbank.net
However, there is more than one way to trade a breakout, of course. Some traders will enter a trade on a breakout and then hold the trade for more than a few days as a swing trade, if they believe a trend is forming in the direction of the breakout. Intraday traders will often take a breakout trade and actually use the breakout as an opportunity to scalp anywhere from 10 to 60 pips or so. Traders will enter the breakout trade at different times and will follow different rules of entry, exit and stop setting. However, nearly all successful traders will incorporate breakout strategies into their trading plans one way or another. There is no “one correct way” to trade breakouts, of course, so you will need to discover which method is the best for your, personality, and the level of risk and patience you are able to provide while waiting for a breakout to occur!
First, let’s review what a breakout is. In general, a breakout is when a currency pair makes a move across a support or resistance point. It “breaks through” the support or resistance level and breakout strategy is a system where A breakout occurs when the price breaks a significant high and makes a new high and Another breakout occurs when the price breaks a significant low and makes a new low.the reason momentum-traders use this system often and always is because;
In price action based trading (trading that does not rely on the over-use of technical indicators); there are 3 different ways that are recommended to identify and take a breakout trade:
1. Look for a period of consolidation in the currency pair, then enter during the
consolidation phase. In my opinion, this is the most risky approach. When you enter a breakout during consolidation, you really do not know which way the currency pair will move.
In my opinion, by entering during the consolidation phase, you are starting with just a 50% probability of getting the direction of the trade right. Then you have to add in the other factors such as setting a large enough stop loss which is another factor that can decrease the probablity of the trade going as expected. So all in all, in my subjective opinion, I would claim that this is one of the least preffered ways to take a breakout trade.
2. The second way is to determine the upper and lower points of the consolidation range. Then wait for the currency pair to actually break through one of the points. Then immediately, or after a very short time, get into the trade in the direction of the breakout. This strategy is less risky, in my opinion, because you have waited for some confirmation of the pairs’ direction. False breakouts can always occur; however, when you use this basic strategy along with setting appropriate stop loss, limit taking, and reversal rules, you can expect to increase your “win” ratio to 70% or even higher.
3. The third way I will mention is similar to method 2 above. Again, you start by observing the pair in a period of consolidation. Next you wait for it to break through one of its support/resistance points. However instead of taking the trade immediately upon the breakout, the trader will wait for a “pullback” and then take the trade in the direction of the breakout. The main concern I have with this method is the potential for “lost opportunity.” In other words, if momentum is really strong, the pair may not perform a “pullback,” and you would then miss a big move waiting for a better entry point.
I have a preference for which of the 3 methods I like to trade. This does not mean that my strategy is the best one for others. Take some time to implement the different ways of entering a breakout trade on a demo account and see which one fits your “trading personality” the best!
for more details about what breakout strategies to use and which one that will work for you best read more of this on this title on my blog and click and the end of
it,http://amarachi21.tnjpc.hop.clickbank.net
Saturday, 2 July 2011
The Benefits Of Having a Penny Stock Mentor By Your Side
I thought I'd take just a second to give you an understanding of what you get when you have a mentor by your side and being his/her student,
What You Get being a student with good coach by your side:
* All loyal students are alerted to new PS picks before my non-student(If you're reading this,you are a non-student) Non student receive only 1-2 picks per month maybe from free newsletters,where as students with coaches receive 5 - 6 picks each month.This may not seem like a lot, but that's the point.Ton's of picks with small gains is not what we're after. We're looking for 50 - 100% potential on most of these picks. Of course, they are not all going to be huge winners, but this is a much better strategy than investing in MANY picks, that only see a 10 or 15% gain. Make sense?
* the biggest alerts (100% + gains) are given only to registered students with coaches by their sides!these coaches don't give these out to non-students of theirs. That's what being a student is all about
* Personally written email alerts sent each week containing our exclusive new pick!
* Email support.you receive email support from your mentor if you`re confused about something
you also receive an offer of a 100% refund if you decide that you are sick of receiving my daily alerts because they are making you too much money! =)
Penny stocks are not for the faint at heart, but if you like the rush of making 50%, 100% even up to 3000% gains on single picks...why not give it atry? just go to this link and see thing for yourself; http://www.amarachi21.jeffed77.hop.clickbank.net
Still unsure?
LETS LOOK AT AN EXAMPLE FROM A RECENT MEMBER
A recent new member (we'll call him John) emailed me to show me what results he's experienced in his first 30 days.
John started with $500 in his account and within 30 days he had turned it into $1,296!
While that's not a crazy amount, if you do the math on it, John earned 159% profits on his initial investment in his first 30 days! On top of that he's in pure profit of $796! All this for a one time cost of 97 dollars?
get instant access right now;http://www.amarachi21.jeffed77.hop.clickbank.net
P.S. i will be closing the doors after I've reached maximum capacity.I just don't have the resources available to provide my services to a larger number than that.Space is limited. If this link takes you to the order page,then there are a few spots left!Make sure you take action quickly before the membership is closed!
Added Bonus
you have the opportunity to Win A Free iPad.go to this link; http://www.amarachi21.jeffed77.hop.clickbank.net
What You Get being a student with good coach by your side:
* All loyal students are alerted to new PS picks before my non-student(If you're reading this,you are a non-student) Non student receive only 1-2 picks per month maybe from free newsletters,where as students with coaches receive 5 - 6 picks each month.This may not seem like a lot, but that's the point.Ton's of picks with small gains is not what we're after. We're looking for 50 - 100% potential on most of these picks. Of course, they are not all going to be huge winners, but this is a much better strategy than investing in MANY picks, that only see a 10 or 15% gain. Make sense?
* the biggest alerts (100% + gains) are given only to registered students with coaches by their sides!these coaches don't give these out to non-students of theirs. That's what being a student is all about
* Personally written email alerts sent each week containing our exclusive new pick!
* Email support.you receive email support from your mentor if you`re confused about something
you also receive an offer of a 100% refund if you decide that you are sick of receiving my daily alerts because they are making you too much money! =)
Penny stocks are not for the faint at heart, but if you like the rush of making 50%, 100% even up to 3000% gains on single picks...why not give it atry? just go to this link and see thing for yourself; http://www.amarachi21.jeffed77.hop.clickbank.net
Still unsure?
LETS LOOK AT AN EXAMPLE FROM A RECENT MEMBER
A recent new member (we'll call him John) emailed me to show me what results he's experienced in his first 30 days.
John started with $500 in his account and within 30 days he had turned it into $1,296!
While that's not a crazy amount, if you do the math on it, John earned 159% profits on his initial investment in his first 30 days! On top of that he's in pure profit of $796! All this for a one time cost of 97 dollars?
get instant access right now;http://www.amarachi21.jeffed77.hop.clickbank.net
P.S. i will be closing the doors after I've reached maximum capacity.I just don't have the resources available to provide my services to a larger number than that.Space is limited. If this link takes you to the order page,then there are a few spots left!Make sure you take action quickly before the membership is closed!
Added Bonus
you have the opportunity to Win A Free iPad.go to this link; http://www.amarachi21.jeffed77.hop.clickbank.net
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