Foreign Exchange Market - Explore the Opportunities

The Forex Currency Market is the world’s largest financial trading market with an average daily turnover of $3.2 trillion. Some reports are that 95% of the traders experience losses. If this is true, the other 5% must be realizing enormous profits. Why do so many suffer losses and what can you do to become one of the 5 %?

The Forex Currency Market is a highly leveraged market, brokers offering from 50:1 to 200:1 leverage. A 50:1 leverage allows you to trade a $2,500.00 trading lot for only fifty dollars. A 200:1 leverage allows you to trade a $10,000.00 trading lot with $50.00. If either one of these trades moves against you by $50.00, you have lost 100% of your money. Trading in currency is done in PIP’s and a PIP in US dollars is 1% of 1 cent. A change of $1.0000 to $1.0001 is one PIP and is the smallest increment traded.

Trading the Forex Currency Market is in pairs and the spread between the values of each currency determines the profit or loss of the trade. Traders enter the trade in anticipation that the currency bought will increase in value, or be stable, and the currency sold will decrease in value or be stable.  In the event that the value of both currencies remain the same or move up or down at the same rate no profit or loss will occur

The first step in insuring profitability is to plan a winning strategy. The most important element of your strategy is risk management. No one can predict the market with 100% certainties and steps must be taken to limit losses. Three provisions exist in The Forex Currency Market to aid in risk management, stop loss orders, 24 hour trading for five days a week and currencies are traded in pairs, buying one and selling the other.

·         Stop loss orders are in PIPs and placed when entering the trade, taking into account the size of the trading lot. A one PIP change in a $10,000.00 trade lot value is $1.00 USD. You determine the risk you want to take. Consider that too small a risk could take you out of the trade on a minor correction which otherwise could be a very profitable trade.

·         Financial announcements are normally made after the close of the market and until the appearance of the Forex Currency Market financial markets closed at the end of each trading day. The Forex Currency Market is a 24-hour market trading from Sunday 5 PM ET to Friday 5 PM ET. The down grade announcement of USA credit was made on a Friday after the close to let the panic that occurs to subside before the opening Sunday evening eastern standard time. The opening price can open out of the range of your stop loss order and a larger loss could occur than anticipated. Evaluate the risk of staying in the market over the weekend.

·         Trading currencies in pairs reduces the risk of a large economic disruption causing a major loss in the account.  Because the value of each currency would experience the same effect, little or no loss would occur.

Currencies frequently trade in repeating patterns such as up trends and down trends with shorter term trends embedded in the longer term trend. Momentum and volume are factors to consider. A candle stick chart indicates a price range for a period of time. The green bars illustrate the price being higher at the end of the time than at the beginning of the period, the red bar indicates the price being lower. As the bars lengthen these signals an increase in momentum and an increase in volume of trading lend support to the momentum. Study these patterns and form strategies for entering and exiting your trades. Some traders only trade certain times of the day for 15 to 20 minutes, such as at the London Foreign Exchange Market open and do very well.

Create your strategies and test them on a free demo account that many brokers offer. Brokers also offer training and tutorials on line. Test your risk management, remember the object is to limit the losses and let the profits grow. Never trade without the stop loss orders in place. If you elect to use a computer program to signal when to enter and exit the trade, test it on a demo account to insure it meets your strategy criteria; the same is true for automatic or robotic trading programs. These programs come with a 60 day 100% money back guaranty so you can test them in a free demo account without risk and insure they work for you.

Approach your trading as a business not a Las Vegas roulette wheel. Perfect your strategies especially the risk management strategy. Make use of leverage within reason for your situation. Don’t neglect your trades; be aware of what is happening. There is never anything wrong with taking a profit and staying out of the market, if you are unable to attend to your trades.  Don’t let your trading become  playing a roulette wheel.

Here’s to you and a profitable future trading in the Forex Currency Market.

eToro’s CopyTrader is Here! Get Ready for a New Way to Trade

Let’s say that you’re one of the thousands of people who would like to give currency and commodities trading a try but don’t have time to learn all the different trading strategies, to follow economic data releases or to analyze market movements on a daily basis. Up until now, you would have had to simply give up your dreams of financial glory, but with eToro’s groundbreaking new CopyTrader feature, that is no longer the case!


CopyTrader is a new function of eToro’s social trading network. The genius of CopyTrader is that it lets you take advantage of the knowledge and expertise of other traders on a regular basis. All you have to do is choose which profitable trader you wish to follow by looking at the rankings and checking out the traders’ success rate, trading style, number of followers, etc. Once you find the trader or traders for you, all it takes is a click of the button and his or her trades will become your trades.


It may sound simple, but this is a genuine revolution in the world of currency and commodities trading, a shift from market-based or financial-instrument-based trading to people-based trading. Instead of agonizing over which currency to buy or sell, the only decision you now have to make is who you want to trade for you and how much of your account you want to dedicate to copying each trader you select. The more traders you copy, the more diverse your risk portfolio.

Of course, you still maintain full control over your trades. All the parameters are completely transparent, starting with the spread and ending with the percentage of your balance that is invested in each trade. Don’t like the way a trade is going, or want to capitulate on the profit right away? There’s no need to wait for your trader to make a move - you can close a trade or edit the stops whenever you want. And if a trader’s strategy is not working for you in general, it only takes one click to detach yourself from him or her.

The ultimate goal, as you can probably imagine, is to assemble a dream team of diverse traders who you can copy indefinitely and then simply watch your profits accumulate. Unlike forex robots or paid traders, the traders you copy through CopyTrader have no agenda other than to make profits for themselves, so you never have to worry about them mismanaging your funds. In addition, for the sake of promoting responsible trading, CopyTrader only lets you set aside a maximum of 20% of your account for copying any one trader, to ensure the diversity of your trading portfolio.

eToro also intends to launch a Guru reward program in the very near future, to compensate traders with a large following for all the benefits they bring to the eToro trading community.

CopyTrader is now available on eToro’s social trading network. Click here to check it out now!

About eToro

eToro is the world’s largest investment network, with over 1.5 million users in over 130 countries and thousands of new accounts opened each day. Through its community powered network eToro leads the social trading revolution, which enables every investor to see, follow and automatically copy the actions of other investors in real time.

eToro’s mission is to open the financial markets to every individual and make them accessible through a simple, transparent and more enjoyable way to trade currencies, commodities and indices online. Based on a wide range of innovative web-based and mobile trading platforms that appeal to every level of trading expertise, eToro’s investment network facilitates information exchange between investors, accelerates knowledge sharing and shortens the learning curve for those who want to bring their trading experience to the next level. For more information, visit us at www.etoro.com.

eToro’s advantages include:

• Social trading network - including the groundbreaking CopyTrader feature
• Simple visual web based trading platform
• Free unlimited demo account with live market rates
• Public and private chats
• Prize bearing trading challenges
• Flexible leverages ranging from 1:2 to 1:400
• Fixed spreads as low as 2 pips
• Free educational tools, including specially developed forex trading e-course
• Live streaming news and market updates
• 24/5 professional support and account managers
• Four tier VIP account program
• Starting bonus of up to $10,000

To find out more about eToro and to open your free account, click here
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FOREIGN EXCHANGE - Trading Currency in the Forex Market.

The Forex Currency Market is the world’s largest financial trading market. This foreign exchange is a true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, trading begins in Sydney, Australia, and moves around the globe as the business day begins, first to Tokyo, then London, and New York. Unlike other financial markets, traders can respond immediately to currency fluctuations, whenever they occur - day or night

The Forex Currency Market trades currencies in pairs, buying one currency and selling the other like the Euro/US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Profit or loss depends on the spread of the relative value of each currency and are constantly changing every second of every day. Unlike stocks or futures, there's no centralized exchange for Forex. All transactions happen via phone or electronic network

Trading in currency comes from two sources:

• Speculation for profit (95%).
• Foreign trade (5%). Companies convert profits from foreign sales into domestic currency and buy foreign currency to conduct business in foreign countries.

It is argued that the high level of speculation is ultimately a stabilizing influence on the market. Well capitalized "position traders" and large hedge funds are the main professional speculators and perform the important function of providing a market for transferring risk from those people who don't wish to bear it, to those who do. Well capitalized traders are able to weather the minor fluctuations in the market.  Individual traders act as "noise traders" and have a more destabilizing role than larger and better informed actors.

Economies around the world are in constant flux because of political instability, along with their continuously growing and shrinking economies, as a result relative currency values are endlessly changing. Seeking to stabilize their country's currency, Central Banks trade their country's currency on foreign exchange markets. Businesses doing business in foreign markets seek to minimize the risk and hedge their risk by trading on foreign exchange markets.

Currency Market analysis is based on two different approaches:

·         Fundamental Analysis

·         Technical Analysis

Fundamental analysis identifies and measures factors that determine the intrinsic value of world currencies. An analyst for a given currency studies the supply and demand for the country's currency, products or services; its management quality from central banks and government policies; its future plans and the most important for the shorter term, all the economic indicators. One difficulty with fundamental analysis is accurately measuring the relationships among the variables and difficulty receiving reliable data from foreign countries.

Technical analysis is concerned with what has actually happened in the market, rather than what should happen. Technical analysis is based on three underlying principles.

·         Market action discounts everything

This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. The pure technical analyst is only concerned with price movements, not with the reasons for any changes.

·         Prices move in trends

Technical analysis is used to identify patterns of market behavior which have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. Also there are recognized patterns which repeat themselves on a consistent basis.

·         History repeats itself

Chart patterns have been recognized and categorized for over 100 years and the manner in which many patterns are repeated leads to the conclusion that human psychology changes little with time.

Technical Analysis is the most common means of analyzing forex markets and making trading decisions. Technical indicators, the primary tools to successfully trade short-term price movements, set profit targets and stop loss orders are; compare relative prices levels over a period of time, observe volatility, moving averages, stop-and-reversal patterns, relative strength, and momentum. These in addition to trends, support and resistance levels, are combined in computer software programs to provide a trading strategy to buy low, sell high, limit risk, and engage in Automated Trading.

5 Mistakes Forex Traders Always Make

There are five leading mistakes that Forex traders always make. Only those Forex traders with long experience and great practice under their hats do not make these mistakes, but most of them learned the hard way and did make them or at least made some of them. This is how common these five leading mistakes are. It is very important that you know about these mistakes so that you can more quickly learn how to avoid them. If you are new to Forex trading, by being aware of these very common mistakes you may be able to avoid them entirely.

Having "Bad Psychology" About Forex Trading

Forex trading is very exciting. The market is quite volatile and, as a result, there's a chance to make big buckets of money. But this excitement can lead people astray. You have to "cast a cold eye" on your trading decisions. Not only getting excited, but even having traits that normally enable you to succeed, such as great drive and ambition, can cause you to make bad decisions that cost you money instead of make you money.

You see, you don't control the markets. You can only make your educated guesses at the way a currency pair is going to move and place your educated bets. But when a trader gets overly ambitious, driven, or excited, he begins subconsciously "forcing" trades. This results in failure. In Forex trading, it is a rule than only cooler heads prevail.

Emotional Trading

This is related to the bad psychology trait, but it's a little different. Trading on emotion is more than just trading on excitement or with too much ambition. Trading on emotion means that you allow your emotions to dictate your decisions. Essentially you are caught up in the vicious cycle of greed and fear. No successful trader in Forex makes decisions based on either greed or fear. Yes, as a trader you are "greedy" in the sense that you want to make as much money as you can. But a successful trader never breaks away from his calculated strategy because he wants to make a killing with one trade. He's got his "pips plotted" and he remains within the confines of his rational, well-studied strategy. He does not over-bet and he does not take out-sized risks.

The successful trader also does not exit a position too soon because of fear. He knows that sometimes he is going to lose money. He creates and follows a strategy so that he will win more often than he loses and thus have net gains. You can't be skittish and trade the Forex with any success.

Having Insufficient Funds

New Forex traders love the fact that Forex accounts can be opened for very little money as compared to most other investment accounts. But while this might seem like an advantage for a new trader, it is a double-edged sword and really not a good idea. The reason for this is that with only a few losses taken, the money is all gone. The new trader, still learning how to refine her strategy, doesn't have the time to build up her account enough to where she can take a few losses and still be alright.

Don't open a new Forex account for the lowest possible amount. Instead, try to have at least $10,000 that you can use to open your account. And never risk more than 5% of your total account on any one trade. This gives you margin for errors while you refine your trading style and stratagems.

Speaking of Trading Style...

You have to know what your trading style is. You have to have prepared strategies. You cannot shoot from the hip and be some kind of "improviser" when trading the Forex. Your strategic preparation begins with you knowing your risk tolerance. If you don't know your personal risk tolerance, get some advice about it from other traders or financial professionals.

You must be totally comfortable with your own approach to the Forex. Study the various ideas and trading styles out there, but don't force any of them upon yourself. And you should not be losing sleep over your risks. Too many traders just don't understand this.

Not Knowing What You're Doing

In the Forex market, knowledge is power. Lack of knowledge is financial death. And remember, a little learning is a dangerous thing. You want to have sufficient knowledge before you begin risking your money. Practicing on a demo account, talking to Forex veterans, and reading up on strategies are all essentials.

There you have it. Avoid these five all-too-common Forex errors.

OmniForex Signals – Automatic Forex Money Making Signals

Right now, people are making hundreds of pips and thousands of dollars using “OmniForex Signals 100% automatic Forex signals”; the same signals that helped make members $450 million in trading profit possible last year. Three great trading strategies and intraday signals which can make you big money each day are offered! Join OmniForex Signals today, a step that will change your life.

Getting started is easy. One, you need access to a computer with an internet connection. Two, you need money. But don’t let this phase you – these days some brokers allow you to start trading Forex with as little as $1.00. Yes, ONE DOLLAR!  Plus the OmniForex membership which is on promotion now, and at a super low rate!  And, three, most importantly you need OmniForex Signals, "Your knowledge" of when to buy or sell.

If you have all of the above, you can START MAKING MONEY RIGHT NOW with the OmniForex easy to use "Buy" and "Sell" signals.

Play our game online, it will give you an idea of what it’s like trading Forex using the BUY and SELL signals.

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Harmonic Wave Convergence trading Program

The Shredder Trader Program trades off Harmonic Wave Convergence with an indicator called MultiWave... a naturally occurring price movement within the charts that are not recognized by other trading systems, strategies, or models in the marketplace.  This price movement, as such, can be exploited readily for profit once it is recognized.

Shredder has a consistent and high-percentage of entries that are based on real-time information. Shredder's entry is extremely tight With MultiWave, once we are in a trade, and not yet far enough to move our stop to a break-even point, we have the ability to know whether we were in at the right time or not. Shredder indicates when that entry is early, and to exit the trade minimizing potential losses, Entry is made with a 10-pip stop-loss and less than 3% risk factor!  Shredder truly can be started, trading live, with nominal capital because of our tight stop-losses.

Shredder's Support and Resistance component of the strategy doesn't have any holes; in fact, price won't turn around unless landing on one of our Support and Resistance lines at least 98% of the time. Shredder's price targeting component is so precise, that trade-after-trade, you witness the system's targets being at the exact locations price either exhausts or completely reverses and therefore, creating the optimal location to take some profit out of the trade.

The Shredder Trader Program provides a series of live, instructor-led, real-time classes, not just a model or strategy, but the real components of being a successful and profitable trader. Daily coaching and mentoring is provided in our Online Coaching Rooms.  ProCharts - premium Forex charts with Shredder features and indicators, built into the native code… AND MUCH MORE!

To learn more about the Harmonic Wave Convergence with an indicator called MultiWave Click Here

BLACK DOG FOREX – Indicators for trading the Forex currency market

The BLACK DOG locates precision entry points using the 'signal bar - entry bar' technique, identifies trades with momentum on your side to catch the BIG moves, and indicates times when NOT to trade. BLACK DOG FOREX includes five exit strategies to maximize profits.

 Benefits from the 'Dogs'....

·         Free updates to the system.

·         Low, low price for such a robust system.

·         Plenty of free downloads on the website.

·         Additional trading techniques and methods.

·         Free membership to the Black Dog website.

·         Free ongoing support; e-mail, chat, or Skype.

·         A superb trading system producing consistent profits.

·         Free real-time charting software saving you 000's of $$$ ... And much much more.

Whatever, and however, you want to trade, the Black Dog will deliver. Yes, there are days when drawdowns occur and this has to be expected. It is a fact of trading life. No system is infallible. The beauty of the Black Dog is how it keeps those drawdowns to a minimum thus preserving capital, the first law of trading.

To learn more about what the Black Dog will deliver for you: Click Here