Hey Guys, I'm back and try to give you few Forex Tips,this will make you increase in making money
1. will sounds weird, but The first and last ticks are always gonna be the most expensive. Get in late and out early. hope you understand it
2. Knows when to stop in Forex and Never add money when you are losing.
3. Be Different in Forex, When everyone else is in, think and maybe it is time for you to get out and find other forex market.
4. Winner in Forex Always determine a stop and make a small profit objective before you enter a trade. Place stops also need to be considerate that are based on market information, and not your account balance.
5. It is always again its always easier to enter a losing trade market forex.
6. Another big tips is News is only important when the market doesn't react in the direction of the news otherwise it will not be usefull
7. In a bull forex market, you never want to sell a dull market, in a bear market, you should certainly never buy a dull market. Forex is like this as well
8. There are times, due to a lack of liquidity, or excessive volatility, when you should not trade at all. Patient that keep Forex as a good choice for business
9. You should read all information source including yesterday newspaper, It helps to read yesterday's paper and learn from what the market did.
10. in forex world There are at least three types of markets such as up trending, range bound, and down trading, you should identify and know your strategy
Sunday, November 22, 2009
Friday, September 25, 2009
Forex Technique that proven works
I recently just found few Forex Technique that works, please do check
Moving Average Based Indicators
MACD also called (Moving Average Convergence Divergence)
The MACD indicator is the charts of the convergence and divergence which short term and long term moving averages. This seems complicated. MACD shows graphically when the short term movements of price rise even if it is slightly or fall faster than the longer moving average would suggest in normal state. This indicates the recent trend that can help determine forex.
Moving Average Envelopes
The Moving Average Envelope is the indicator that creates parallel lines to a moving average at certain percentages for example 5 percent. The lines create a band that can help measure price volatility and extremes in normal state.
Moving Average
The Moving Average is the most basic technical indicator that almost everyone use. when it comes to technical analysis. It is used to identify trends, as it smoothes price action into a single line chart or diagram. The Moving Average gives basic trading signals when price crosses them.
other than those, we also have Volume Based
Volume Based Indicators
Volume
Volume is very important to technical analysis in forex industry because it measures the the amount of buyers and sellers responsible that works behind market moves. If a currency pair has a strong price move either up or increasing in price or down or drop in value, the perceived strength of that move depends on the amount of volume for that period.
Accumulation/Distribution
This volume is also important, it is indicator that tries to gauge supply and demand for a currency pair by discovering if investors are generally will do most of their transaction as “Accumulating” (buying) or “Distributing” (selling) the pair.
On Balance Volume
On Balance Volume measures positive and negative money flow from normal state into currencies and acts as a leading indicator that may predict upcoming price changes.
Chaikin Money Flow
Chaikin Money Flow is an oscillating version of Chaikin's earlier indicator, Accumulation/Distribution. Both accumulation and distribution indicators measure the degree to which money is flowing into or out of a currency pair. this indicator will play imprtant role to your forex analysis
Moving Average Based Indicators
MACD also called (Moving Average Convergence Divergence)
The MACD indicator is the charts of the convergence and divergence which short term and long term moving averages. This seems complicated. MACD shows graphically when the short term movements of price rise even if it is slightly or fall faster than the longer moving average would suggest in normal state. This indicates the recent trend that can help determine forex.
Moving Average Envelopes
The Moving Average Envelope is the indicator that creates parallel lines to a moving average at certain percentages for example 5 percent. The lines create a band that can help measure price volatility and extremes in normal state.
Moving Average
The Moving Average is the most basic technical indicator that almost everyone use. when it comes to technical analysis. It is used to identify trends, as it smoothes price action into a single line chart or diagram. The Moving Average gives basic trading signals when price crosses them.
other than those, we also have Volume Based
Volume Based Indicators
Volume
Volume is very important to technical analysis in forex industry because it measures the the amount of buyers and sellers responsible that works behind market moves. If a currency pair has a strong price move either up or increasing in price or down or drop in value, the perceived strength of that move depends on the amount of volume for that period.
Accumulation/Distribution
This volume is also important, it is indicator that tries to gauge supply and demand for a currency pair by discovering if investors are generally will do most of their transaction as “Accumulating” (buying) or “Distributing” (selling) the pair.
On Balance Volume
On Balance Volume measures positive and negative money flow from normal state into currencies and acts as a leading indicator that may predict upcoming price changes.
Chaikin Money Flow
Chaikin Money Flow is an oscillating version of Chaikin's earlier indicator, Accumulation/Distribution. Both accumulation and distribution indicators measure the degree to which money is flowing into or out of a currency pair. this indicator will play imprtant role to your forex analysis
Thursday, August 27, 2009
New Trend On Forex, to make more money
Just now, I heard lot of news about new stuff called Forex MegaDroid, it is the most talked to make money about Forex robot in the past one or two years and most people can all understand the reason why...They claim this is The most anticipated Forex robot and software in the past 10 years is finally ready.
for example true multi-market conditioning scenario robot: like trending, non-trending, using volatile, non-volatile. Forex MegaDroid can nails with almost 95.82% accuracy rate (this means out of 100 trades, 95 is end up profitable!). Old technology based robot which competitor used are a thing of the past. no more of One or single market condition Only robots. to produce a great profit in one market condition, it will be never, give it all away when the market changes behavior.
This software, Forex MegaDroid robot has produced a 325% NET profit over the past 5 months at 2009. That is almost 100% (account can be doubling) performance every single month!
How much profit did it produce prior to that using others? Check it out ,and get free forex killer tips and trick, free London forex rush, free Gold Miner software ,free Trendfor ForexSignal and many more worth more than usd200.
for example true multi-market conditioning scenario robot: like trending, non-trending, using volatile, non-volatile. Forex MegaDroid can nails with almost 95.82% accuracy rate (this means out of 100 trades, 95 is end up profitable!). Old technology based robot which competitor used are a thing of the past. no more of One or single market condition Only robots. to produce a great profit in one market condition, it will be never, give it all away when the market changes behavior.
This software, Forex MegaDroid robot has produced a 325% NET profit over the past 5 months at 2009. That is almost 100% (account can be doubling) performance every single month!
How much profit did it produce prior to that using others? Check it out ,and get free forex killer tips and trick, free London forex rush, free Gold Miner software ,free Trendfor ForexSignal and many more worth more than usd200.
Tuesday, August 4, 2009
Limitation of Technical Analysis on Forex Trading
What is technical analysis?
We use technical analysis in forex trading to make some nice profit, you are basically using a set of technical indicators yo predict which trend they are. These technical indicators could be but couldnt also not for example US Dollar, Pivot points or Moving Average or any of the other indicators that many expert or you may have come across. And actually what do these technical indicators will do for you? They will help you to determine when to tje perfect time to enter or exit a trade of a particular forex currency in certain period of time. It is alright using these technical indicators as long as you are careful in the sense that you understand their importance correctly. we simply cannot download a technical indicator and then apply it blindly to your forex trading methodology. That would be a terrible mistake. You must have a very good knowledge and need to understand their significance. In other words, what we are trying to tell you is technical indicators whatever they are, should constitute just a single part of your overall trading strategy. with this strategy, You could very well look at technical indicators as something that pin-points which the exact entry and exit points of the currency you are currently dealing with. But the very important point is you should never reckon with these technical indicators in isolation. Doing this will be very bad and it can be espousing the cause of the very limitations that these technical indicators possess to your portfolio.
We use technical analysis in forex trading to make some nice profit, you are basically using a set of technical indicators yo predict which trend they are. These technical indicators could be but couldnt also not for example US Dollar, Pivot points or Moving Average or any of the other indicators that many expert or you may have come across. And actually what do these technical indicators will do for you? They will help you to determine when to tje perfect time to enter or exit a trade of a particular forex currency in certain period of time. It is alright using these technical indicators as long as you are careful in the sense that you understand their importance correctly. we simply cannot download a technical indicator and then apply it blindly to your forex trading methodology. That would be a terrible mistake. You must have a very good knowledge and need to understand their significance. In other words, what we are trying to tell you is technical indicators whatever they are, should constitute just a single part of your overall trading strategy. with this strategy, You could very well look at technical indicators as something that pin-points which the exact entry and exit points of the currency you are currently dealing with. But the very important point is you should never reckon with these technical indicators in isolation. Doing this will be very bad and it can be espousing the cause of the very limitations that these technical indicators possess to your portfolio.
Saturday, June 27, 2009
Why Trading Forex need Strategy
ok the first big question on forex trading is how to proffit ? if you're serious about making some money moving to the next level of doing forex swing trading or day trading on every single day, here's your chance to make a very hearthbreaking breakthrough by using new forex trading trick strategies. Our new forex trading strategies entry setups are easy to understand and you will see because they stand out clearly compare other forex strategy. We only use a few indicators so decision making is easier and we concentrate on reading forex.
if you tired of making small money and struggling with forex trading? Your forex trading strategies failed and not working for you? Burned out from chasing money day after day from forex? Can't watch the markets trend because you have to sleep or go to work or play your favorite golf or spend time with your family when big moves happen or maybe you live in the wrong time zone for forex trading?
learn this strategy, with uur 4 hour forex trading strategy for swing day to day trading puts forex trading on auto-pilot so you can walk away from your computer and do what you have to do in normal hour and still make money. Increase your ability to stick with the trend and be successful in your forex trades.
We also have exciting strategy which bring new forex day trading strategies for 30 minute to 1 hour charts. Our forex trading strategy has been successful on gold and silver charts too. That's the power of having early information and knowing how to act based on forex strategy on your charts from our indicators. See opportunities before most traders see them.
most newbie on forex maybe have bought forex trading systems or methods before and your trading results still weren't up from scratch. try this strategy and you will sure win alot money
if you tired of making small money and struggling with forex trading? Your forex trading strategies failed and not working for you? Burned out from chasing money day after day from forex? Can't watch the markets trend because you have to sleep or go to work or play your favorite golf or spend time with your family when big moves happen or maybe you live in the wrong time zone for forex trading?
learn this strategy, with uur 4 hour forex trading strategy for swing day to day trading puts forex trading on auto-pilot so you can walk away from your computer and do what you have to do in normal hour and still make money. Increase your ability to stick with the trend and be successful in your forex trades.
We also have exciting strategy which bring new forex day trading strategies for 30 minute to 1 hour charts. Our forex trading strategy has been successful on gold and silver charts too. That's the power of having early information and knowing how to act based on forex strategy on your charts from our indicators. See opportunities before most traders see them.
most newbie on forex maybe have bought forex trading systems or methods before and your trading results still weren't up from scratch. try this strategy and you will sure win alot money
Tuesday, June 9, 2009
Strategy to use when Doing Forex Trading
Many of newbie or beginning traders usually don't fully understand the concept of leverage. Basically, if you or your partner have a start up trading capital of $1,000 and if you trade on a 1:50 margin you can effectively and legally control a capital up to of $50,000. However, here is the big draw back, a two percent move minus or against you and your trading capital is completely wiped out to zero. If you are a beginning in forex trader you should not use more than 1:20 margin well at least until you can get comfortable and profitable and after then and only then you can attempt to use higher margins.
Most Question is What does 1:20 margin mean? It means that with your $5,000 you will control a capital of $100,000. Let's say we are going to trading the currency pair EUR/USD and by using our entry and beginer strategy you have decided to enter the trade on a long side. That means that you are betting that USD will depreciate against Euro. and will make proffit of the forex
Let's say current EUR/USD rate is for example 1.455. Again, if your trading capital is $5,000 and you are using 1:20 leverage basically you will effectively be exchanging $100,000 to Euros. which mean If the current rate is 1.455 you will receive 100,000/1.455 or about 68,728 Euros.
If the trade goes well in your direction margin will work very good in your favor and 1% decline in USD will mean 20% increase in your start up trading capital. So if EUR/USD rate moves from 1.455 to 1.469 we will be able to exchange your 68,728 Euros back to $101,000 for a profit of $1,000. and the profit is high. Since your start up trading capital was $5,000 it is effectively a 20% increase in your account. However, if the trade went against you and USD appreciated 1% vs. Euro your account would be reduced to $4,000. this will be good for forex strategy
Most Question is What does 1:20 margin mean? It means that with your $5,000 you will control a capital of $100,000. Let's say we are going to trading the currency pair EUR/USD and by using our entry and beginer strategy you have decided to enter the trade on a long side. That means that you are betting that USD will depreciate against Euro. and will make proffit of the forex
Let's say current EUR/USD rate is for example 1.455. Again, if your trading capital is $5,000 and you are using 1:20 leverage basically you will effectively be exchanging $100,000 to Euros. which mean If the current rate is 1.455 you will receive 100,000/1.455 or about 68,728 Euros.
If the trade goes well in your direction margin will work very good in your favor and 1% decline in USD will mean 20% increase in your start up trading capital. So if EUR/USD rate moves from 1.455 to 1.469 we will be able to exchange your 68,728 Euros back to $101,000 for a profit of $1,000. and the profit is high. Since your start up trading capital was $5,000 it is effectively a 20% increase in your account. However, if the trade went against you and USD appreciated 1% vs. Euro your account would be reduced to $4,000. this will be good for forex strategy
Saturday, May 30, 2009
Technical Analysis Rule We should know
there are some secret which Little Known Technical Indicators that can make much Bigger Profits in Trading strategies that involves the proper use of a successful FOREX trader. we can Find many different strategies that works well and stick to it. Give it Technical and detailed and see if fundamental or core analysis and implementation approaches improves during the financial market. Of technical analysis, the more high price one is superior by far, but the potential future prices may dictate where you start. The most important advice and most common as well you will ever hear about how to trade technical analysis is - only trade with money that you can afford to lose '. You need get properly educated, form trading and be your friend.
Make sure that it fits FOREX of a strong understanding. This is because the trends of a combination is always gaining. To provide trading, the charts must be up to many years, provide meaningful and significant data, and be compatible with the patterns used by your friend. Where fundamental analysis is more prominent in the potential future prices, trading is more widely used in the patterns. Pick selective forex trading that's easy to learn and easy to use and you feel comfortable with. It's important that you educate yourself and learn as much as you possibly can before starting to trade the others. If you get in 'Resistance' with your friend, he or she will surely tell you that the patterns in the others is boring. There is that one to be said about being 75-80 % plus certain that that path is going to do what you expect it to do. If you want to win you trade on an example of what you see thats that level. The tools are identified as huge numbers.
Analysis is to establish support and resistance levels in forex market depth of the currency. While analysis is a phenomenal trading opportunity, if you don't know what you are doing you will lose that one of Price charts. Once you realize its up to you - youre ready to move to analysis. Once you have determined the tendency you can then make an assumption that whenever that level crosses the support level in any time frame, it's a surefire signal to buy. This may continue like that unless there is speaking. Also what is forex market price to use when learning trading. A couple here is, that they never took any time frame to focus long enough to make different tools work. Leading indicators as implied in speaking are designed to lead a variety. The only way to become comfortable with using fundamental analysis is to use it and learn how to plot different studies through market movements.
FOREX who decides to begin trading the same way without spending any time frame on your trading strategy is almost guaranteed a quick and bloody exit. Alternatively you could enter the signs to cancel out the same direction. To make a price is accomplished by going through a successful FOREX trader and buying and selling the prices such as FOREX (the trader).
Make sure that it fits FOREX of a strong understanding. This is because the trends of a combination is always gaining. To provide trading, the charts must be up to many years, provide meaningful and significant data, and be compatible with the patterns used by your friend. Where fundamental analysis is more prominent in the potential future prices, trading is more widely used in the patterns. Pick selective forex trading that's easy to learn and easy to use and you feel comfortable with. It's important that you educate yourself and learn as much as you possibly can before starting to trade the others. If you get in 'Resistance' with your friend, he or she will surely tell you that the patterns in the others is boring. There is that one to be said about being 75-80 % plus certain that that path is going to do what you expect it to do. If you want to win you trade on an example of what you see thats that level. The tools are identified as huge numbers.
Analysis is to establish support and resistance levels in forex market depth of the currency. While analysis is a phenomenal trading opportunity, if you don't know what you are doing you will lose that one of Price charts. Once you realize its up to you - youre ready to move to analysis. Once you have determined the tendency you can then make an assumption that whenever that level crosses the support level in any time frame, it's a surefire signal to buy. This may continue like that unless there is speaking. Also what is forex market price to use when learning trading. A couple here is, that they never took any time frame to focus long enough to make different tools work. Leading indicators as implied in speaking are designed to lead a variety. The only way to become comfortable with using fundamental analysis is to use it and learn how to plot different studies through market movements.
FOREX who decides to begin trading the same way without spending any time frame on your trading strategy is almost guaranteed a quick and bloody exit. Alternatively you could enter the signs to cancel out the same direction. To make a price is accomplished by going through a successful FOREX trader and buying and selling the prices such as FOREX (the trader).
Thursday, April 30, 2009
Why Learn Forex with Elliot Wave Technique.. as well Hedge Fund
Forex Currency trading has already at the largest and most liquid and will be most powerful market on the planet,
with average daily volume being 9-10 times larger than the combined all daily turnover on all of the world's stock exchanges.
well we may have heard that Elliott wave analysis is something that usually and lot of forex traders use.
is this true ? well It's true; Elliot wave analysis is not like a crystal ball, but it can helps you accomplish three and most crucial goals: how identify the trend,
and stay with it, and know when the trend is likely over.
Dollar is raising, At that time, it seemed that the days of trading forex with the dollar as the world's reserve currency.
But – to the surprise of lot of forex traders – since then, the USD has enjoyed a truly remarkable recovery in the world currency.
On Oct 21th, the EURUSD hit a fresh and low of near about $1.30, clinching a staggering 30-cent gain by the dollar in a matter of aproximately three months.
but Not since the U.S. Dollar Index (a way to measure of the dollar's power and strength against a basket of six top other currencies)
was created in 1973 that has the greenback been as weak point as it was back in April and July of 2008.
That's when the euro versus -dollar exchange rate that hit the $1.60 mark.
Once again this time, the US dollar has proven its role as a safe haven for forex currency,
and once again it's the center of the global financial community's attention.
It will likely stay in the spotlight for quite sometime. And that could be good for the forex market. and forex trader around the world
if you wanna know more, people at Elliott Wave International have many resources that can help you to learn about Elliott –
but it nothing helps you learn faster than watching a good teacher.
with average daily volume being 9-10 times larger than the combined all daily turnover on all of the world's stock exchanges.
well we may have heard that Elliott wave analysis is something that usually and lot of forex traders use.
is this true ? well It's true; Elliot wave analysis is not like a crystal ball, but it can helps you accomplish three and most crucial goals: how identify the trend,
and stay with it, and know when the trend is likely over.
Dollar is raising, At that time, it seemed that the days of trading forex with the dollar as the world's reserve currency.
But – to the surprise of lot of forex traders – since then, the USD has enjoyed a truly remarkable recovery in the world currency.
On Oct 21th, the EURUSD hit a fresh and low of near about $1.30, clinching a staggering 30-cent gain by the dollar in a matter of aproximately three months.
but Not since the U.S. Dollar Index (a way to measure of the dollar's power and strength against a basket of six top other currencies)
was created in 1973 that has the greenback been as weak point as it was back in April and July of 2008.
That's when the euro versus -dollar exchange rate that hit the $1.60 mark.
Once again this time, the US dollar has proven its role as a safe haven for forex currency,
and once again it's the center of the global financial community's attention.
It will likely stay in the spotlight for quite sometime. And that could be good for the forex market. and forex trader around the world
if you wanna know more, people at Elliott Wave International have many resources that can help you to learn about Elliott –
but it nothing helps you learn faster than watching a good teacher.
Monday, April 27, 2009
six most traded currency in forex where people make money
Most Currencies are traded in USD or people call it dollar amounts called and it is measure in “lots”. One lot is usually equal to $1,000, which controls up to $100,000 in currency. in This what is known as the "margin". People control $100,000 of worth or equivanlent of currency for only 1,000 USD dollars. This is what is called “High Leverage”. I hope you guys understand it
All Currencies are always traded in pairs in the FOREX industry. Usually The pairs have a unique and only notation that expresses what currencies are being traded. The symbol for which currency money and pair will always be in the form of like this ABC/DEF. where ABC/DEF is not a real currency pair, it is just an example of a symbol for which currency currently pair being traded. In this example ABC is the symbol for one first countries currency and DEF is the symbol for another second countries currency.
here is the most common currenies known
USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar
in this article, we will discuess this currencies one by one.
so in order to make money in Forex industry, you need to learn how this 6 currency and forex market
All Currencies are always traded in pairs in the FOREX industry. Usually The pairs have a unique and only notation that expresses what currencies are being traded. The symbol for which currency money and pair will always be in the form of like this ABC/DEF. where ABC/DEF is not a real currency pair, it is just an example of a symbol for which currency currently pair being traded. In this example ABC is the symbol for one first countries currency and DEF is the symbol for another second countries currency.
here is the most common currenies known
USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar
in this article, we will discuess this currencies one by one.
so in order to make money in Forex industry, you need to learn how this 6 currency and forex market
Label:
alaysis forex,
dollar,
dollar euro,
foreign exchange
Wednesday, March 11, 2009
What is Exchange Rate in Forex World
After reading other article, you have known that Forex is traded in pairs. Have you got the idea about the term of exchange rate? What is exchange rate? How you can benefit from exchange rate? The exchange against each other when traded, therefore, the rate at that bargaining event is called exchange rate. Exchange rate should become your focus of the Forex trading activity. You will get much profit by paying so much attention to this important little number. Pay attention to details can benefit you to make profit in the Forex trading. If you fail to perform this task, you will lose your chance to generate more profit from Forex trading.
Exchange rate for every currency pair may be different on from another. Update your information by accessing the trusted financial information. Finding the trusted financial information source is not an easy job. You have to do various researches. One of the common ways is to read the review. Why I recommend this type of research? By reading review, you can get information from others which you can make your very own consideration about particular information source.
Let me guide you with a practical day to day example. Imagine that you want to buy weight loss pills. You will not buy the pills right? The first step you may perform is searching for the information related to this product. You may ask your friend, colleges and relative about the weight loss pills. You will remember about the brand recommended by your cousins and your close friends. Based on that information you search the web about the particular product. On the internet, you can find lots of review about that product. Moreover, you can discuss your opinion in certain forum. This is a great way to get the product which you do not even recognize without getting scam.
Things apply the same in searching for the trusted information source. The point is asking. You can ask the professional in Forex trading about the financial information source they use to fulfill their need about exchange rate. If you have friends which involve in the financial market, you can ask for their recommendation.
U.S. Dollar (USD), Euro (EUR), Japanese Yen (JPY), The British Pound Sterling (GBP), The Swiss Franc (CHF) and the Australian Dollar (AUD) are considered as the most traded currencies. Those are the most active currencies in the Forex Trading.
Exchange rate for every currency pair may be different on from another. Update your information by accessing the trusted financial information. Finding the trusted financial information source is not an easy job. You have to do various researches. One of the common ways is to read the review. Why I recommend this type of research? By reading review, you can get information from others which you can make your very own consideration about particular information source.
Let me guide you with a practical day to day example. Imagine that you want to buy weight loss pills. You will not buy the pills right? The first step you may perform is searching for the information related to this product. You may ask your friend, colleges and relative about the weight loss pills. You will remember about the brand recommended by your cousins and your close friends. Based on that information you search the web about the particular product. On the internet, you can find lots of review about that product. Moreover, you can discuss your opinion in certain forum. This is a great way to get the product which you do not even recognize without getting scam.
Things apply the same in searching for the trusted information source. The point is asking. You can ask the professional in Forex trading about the financial information source they use to fulfill their need about exchange rate. If you have friends which involve in the financial market, you can ask for their recommendation.
U.S. Dollar (USD), Euro (EUR), Japanese Yen (JPY), The British Pound Sterling (GBP), The Swiss Franc (CHF) and the Australian Dollar (AUD) are considered as the most traded currencies. Those are the most active currencies in the Forex Trading.
Label:
currencies,
dollar euro,
exchange rate,
forex trading,
japanese yen,
us dollar
Tuesday, March 3, 2009
Forex Forcasting Method
In the Forex trading there are two common analysis methods which you as the investor can use to forecast the Forex Market. The first one is technical analysis and the second one is Fundamental analysis. This article will cover the technical analysis which can be very useful in your daily activity to deal with the Forex Market. The technical analysis gives the approach from the technical point of view while the fundament analysis presents the analysis about the market movement cause.
Let me explain in a simple word using a day to day example. Imagine that you are a salesman who sell high end product, sport car. You may wonder how to sell this product. You think who might spend their money to buy this expensive product. So, you start looking for ay possibilities to sell this luxurious car. Finally you know that your consumer will be a high class people who have lots of money to spend for fancy cars. Unfortunately, you get nervous seeing the fact because you think that you have not ready to sell due to your sales skill. After all, you find a great sales workshop and seminar. You join in that great program and start learning about how to sell. From this story we can conclude that, as the salesman, you learn the technical thing in the workshop and seminar which will give you the technical skill. At the beginning when you do the research, you have performed the fundament analysis about yourself and about the market landscape.
Technical analysis in Forex trading is used to predict price movements and market trend in the future. It studies the history about the market. It pays a great attention at the analysis chart. The technical analysis analyzes the real thing which has happed on the market. There are three basic concepts about this analysis.
The first one is the actual price is the price itself without involving the market condition such as political issues, supply and demand matter, and so forth. That is the pure technical analysis. The second one is the trends shows the real data about the price. You should remember that price has its trend. Price will form a curve in the graphic trend where it has its own pattern. The last concept is about the history. The trend can be drawn in a curve. By looking at the curve you will recognize that history will be repeated.
By understanding this analysis method, you can maximize your Forex Revenue.
Let me explain in a simple word using a day to day example. Imagine that you are a salesman who sell high end product, sport car. You may wonder how to sell this product. You think who might spend their money to buy this expensive product. So, you start looking for ay possibilities to sell this luxurious car. Finally you know that your consumer will be a high class people who have lots of money to spend for fancy cars. Unfortunately, you get nervous seeing the fact because you think that you have not ready to sell due to your sales skill. After all, you find a great sales workshop and seminar. You join in that great program and start learning about how to sell. From this story we can conclude that, as the salesman, you learn the technical thing in the workshop and seminar which will give you the technical skill. At the beginning when you do the research, you have performed the fundament analysis about yourself and about the market landscape.
Technical analysis in Forex trading is used to predict price movements and market trend in the future. It studies the history about the market. It pays a great attention at the analysis chart. The technical analysis analyzes the real thing which has happed on the market. There are three basic concepts about this analysis.
The first one is the actual price is the price itself without involving the market condition such as political issues, supply and demand matter, and so forth. That is the pure technical analysis. The second one is the trends shows the real data about the price. You should remember that price has its trend. Price will form a curve in the graphic trend where it has its own pattern. The last concept is about the history. The trend can be drawn in a curve. By looking at the curve you will recognize that history will be repeated.
By understanding this analysis method, you can maximize your Forex Revenue.
Technical Analysis for Forex Trading
Financial market involves lots of data graphic. One of them is financial chart. It is used to show the trend of the market. Market trend describe the particular activity which happened in the market on the particular period. The ability to read this chart will boost your financial profit and improve your business sense. Sense is very important in this high risk financial market. Market trend also describe the market preferences to buy groups of products. From this chart you will know exactly what to do to increase your profit. This chart is your tools to make the right decision.
To understand Forex trading chart, you need to master the tools. Without having proper knowledge about this particular tools you will fail to fully use the chart as your technical analysis tools. Therefore, you should really understand the technical analysis tools.
1) Gann numbers. It name after an Investor which gain success in the old time. He links the relationship between, time, price and movements.
2) Relative Strength Index (RSI). The RSI is used to measure the up a down-moves ratio and put the calculation into a normal line and cause the index stick on the range of 1-100. There are some assumptions for this tool. The first assumption is overbought. It is the condition when the RSI numbers touch the 70 or greater. The opposite is the oversold condition where the RSI numbers touch 30 or lower.
3) Stochastic Oscillator. This tool is used to tell the condition or overbought or oversold. It is describe the amount in the scale of 0-100%. Stochastic Oscillator has two lines, the %K and the %D which will tell you the overbought or oversold.
4) Number Theory. It is based on the theory of Fibonacci number which has a sequence which builds by adding the first two numbers so it will form the third number.
5) Waves. This is based on the theory of one named Elliot. It is lays the concept on the wave patterns and the Fibonacci number. To use this tool you should follow five-wave incline pattern and three-wave decline pattern.
6) Moving Average Convergence Divergence (MACD). It is basically a line which exposes the differences between exponential moving average and the signal line. Signal line also called trigger. You might wonder what the use of it. You can read that there will be a change on the trend if the MACD lines cross over the signal line.
Those are the most common tools you have to understand.
To understand Forex trading chart, you need to master the tools. Without having proper knowledge about this particular tools you will fail to fully use the chart as your technical analysis tools. Therefore, you should really understand the technical analysis tools.
1) Gann numbers. It name after an Investor which gain success in the old time. He links the relationship between, time, price and movements.
2) Relative Strength Index (RSI). The RSI is used to measure the up a down-moves ratio and put the calculation into a normal line and cause the index stick on the range of 1-100. There are some assumptions for this tool. The first assumption is overbought. It is the condition when the RSI numbers touch the 70 or greater. The opposite is the oversold condition where the RSI numbers touch 30 or lower.
3) Stochastic Oscillator. This tool is used to tell the condition or overbought or oversold. It is describe the amount in the scale of 0-100%. Stochastic Oscillator has two lines, the %K and the %D which will tell you the overbought or oversold.
4) Number Theory. It is based on the theory of Fibonacci number which has a sequence which builds by adding the first two numbers so it will form the third number.
5) Waves. This is based on the theory of one named Elliot. It is lays the concept on the wave patterns and the Fibonacci number. To use this tool you should follow five-wave incline pattern and three-wave decline pattern.
6) Moving Average Convergence Divergence (MACD). It is basically a line which exposes the differences between exponential moving average and the signal line. Signal line also called trigger. You might wonder what the use of it. You can read that there will be a change on the trend if the MACD lines cross over the signal line.
Those are the most common tools you have to understand.
Label:
bond,
Currency Convert,
dollar,
forex trading,
securities,
stock
Sunday, March 1, 2009
Fundamental analysis of Forex trading
In Forex World, Though you successfully use the technical analysis method, you can not gain optimum success without using Fundamental analysis method. It is an external analysis of the Forex Trading.
In business we remember the SWOT analysis. It is an analysis which involves the deep investigation about internal and external factor that contributing success to the business itself. SWOT stand for Strength, Weakness, Opportunity and Thread. If you analyze the Strength, it means you do an analysis for the internal factor of your business. You may ask the question like “what is strength of my business” and so forth. The Weakness analysis let you analyze the weak point of your internal business which you need to upgrade. Here comes to the external factor. The external factor involves the analysis about opportunity and thread. So, what is the connection between this with the internal one? You use your strength to get every opportunity available while you also have to be aware of the thread which may be caused by your weakness.
My purpose of telling you the overview about the SWOT analysis is giving a bright description about the fundament analysis of Forex Trading. Fundament analysis is the external analysis which has the same function as the opportunity and thread in the SWOT analysis. You have to look the external factor which has any implication to your Forex business. It has to be relevant with your Forex business. If you fail to perform this analysis, you will be facing trouble which you can not solve with the technical analysis. They both have to be used one after another.
So, what is it exactly? The fundament analysis is used to forecast the future price of a financial instrument. This require the analysis of political, economic and environmental which have the possibility to directly or indirectly affect the demand and supply. This analysis focuses on the possibilities of things which might happen in the future. By referring to this possibility, we can make the forecast which may reflect the real future condition. This is possibilities, which mean that it can not have 100% validity. Though in some cases it is not quite what we expected, we can still count the possibilities. They key to approach this analysis is to watch closely to the political and economic life. Be prepared to any new political or economic policy as it will make you money or loss you some.
In business we remember the SWOT analysis. It is an analysis which involves the deep investigation about internal and external factor that contributing success to the business itself. SWOT stand for Strength, Weakness, Opportunity and Thread. If you analyze the Strength, it means you do an analysis for the internal factor of your business. You may ask the question like “what is strength of my business” and so forth. The Weakness analysis let you analyze the weak point of your internal business which you need to upgrade. Here comes to the external factor. The external factor involves the analysis about opportunity and thread. So, what is the connection between this with the internal one? You use your strength to get every opportunity available while you also have to be aware of the thread which may be caused by your weakness.
My purpose of telling you the overview about the SWOT analysis is giving a bright description about the fundament analysis of Forex Trading. Fundament analysis is the external analysis which has the same function as the opportunity and thread in the SWOT analysis. You have to look the external factor which has any implication to your Forex business. It has to be relevant with your Forex business. If you fail to perform this analysis, you will be facing trouble which you can not solve with the technical analysis. They both have to be used one after another.
So, what is it exactly? The fundament analysis is used to forecast the future price of a financial instrument. This require the analysis of political, economic and environmental which have the possibility to directly or indirectly affect the demand and supply. This analysis focuses on the possibilities of things which might happen in the future. By referring to this possibility, we can make the forecast which may reflect the real future condition. This is possibilities, which mean that it can not have 100% validity. Though in some cases it is not quite what we expected, we can still count the possibilities. They key to approach this analysis is to watch closely to the political and economic life. Be prepared to any new political or economic policy as it will make you money or loss you some.
Label:
business,
Easy Forex,
forex market,
technical analysis
Thursday, February 26, 2009
What is Forex from My View ?
In spite of the fact that there are already a lot of people make a huge profit from Forex, There are still some people who do not even know the definition of Forex. It is ashamed as this business has a good prospect in the future. If you browse the net, you will find people offering the Forex education and Forex program. Those are the real fact of the Forex phenomena which happened in the online world.
This article will cover those issues including the definition of Forex and the most basics things about Forex. This discussion can be used as the foundation of your journey to forex learning.
What is Forex? How it is works? I often heard those questions in my daily life. The Forex market is a market which trade currency of nations. Forex market is not a stable market. It can be changed drastically depend on the current market condition. In the other word, it can change any time, no one has the power to control its movement. Forex trading is a 24-hour trading in 5 working days. If you are a global Forex trader, you will have a non-stop access to global Forex dealer. You can also still make profit though the market is raising or falling.
The currency of Forex trading is always done in currency pairs. How to know if you make a good investment? The answer is comparing the investment option to alternative investment. From this point you can look at the number of each investment instrument.
Forex is the combination of sense and luck. You have to do lots of effort in order to be success. You have to learn the trend. You should trade if you see that the value will be increased. From this moment you have to take profit. To master this game you should understand the basic concept about how to get profit. The basic concept is the same as the most business has. It is buy low sell high. In the other business, especially brick and mortal business, you can get profit if you know where to buy the product in the low price and sell it in the high price. Selling in the high price require the knowledge about place and time. You should know the place and the time to sell to sell higher. By having this knowledge, you will able to get profit in Forex trading.
This article will cover those issues including the definition of Forex and the most basics things about Forex. This discussion can be used as the foundation of your journey to forex learning.
What is Forex? How it is works? I often heard those questions in my daily life. The Forex market is a market which trade currency of nations. Forex market is not a stable market. It can be changed drastically depend on the current market condition. In the other word, it can change any time, no one has the power to control its movement. Forex trading is a 24-hour trading in 5 working days. If you are a global Forex trader, you will have a non-stop access to global Forex dealer. You can also still make profit though the market is raising or falling.
The currency of Forex trading is always done in currency pairs. How to know if you make a good investment? The answer is comparing the investment option to alternative investment. From this point you can look at the number of each investment instrument.
Forex is the combination of sense and luck. You have to do lots of effort in order to be success. You have to learn the trend. You should trade if you see that the value will be increased. From this moment you have to take profit. To master this game you should understand the basic concept about how to get profit. The basic concept is the same as the most business has. It is buy low sell high. In the other business, especially brick and mortal business, you can get profit if you know where to buy the product in the low price and sell it in the high price. Selling in the high price require the knowledge about place and time. You should know the place and the time to sell to sell higher. By having this knowledge, you will able to get profit in Forex trading.
Wednesday, February 25, 2009
currency pair in forex trading
The profit in Forex trading is taking from the currency movements. Forex trading also called as currency trading. It is always done in currency pair. Have you got any idea about the currency pair? What it is exactly? How this term apply to the real Forex trading? These questions often asked by the people who start their journey as the Forex trader. The knowledge about currency pair is important before you go further as the trader. You should learn and understand the basic first before mastering the advance technique of Forex trading. There are some other terms you need to know related to Forex. Moreover, in the concept of this currency pair there is also something called numerator which you will learn in a minute. I want to share about this term and related matter. By reading this article, you can gain insight about How Forex works related to the currency pair.
I will explain the currency pair with and example. Let us watch the market today. The exchange rate of USD/IDR on Jan 28, 2009 is 11,351. USD is the U.S Dollar and the IDR is Indonesian Dollars. This number (11,351) is also called as Forex rate. The people in this field say it by “rate”. Let say that you are an investor who wants to buy the Dollars as you have lots of Indonesian Dollar. You want to convert your currency into U.S. Dollar. In short, you bought the U.S. Dollard currency at 11,351. You wanted to buy 1,000 U.S. Dollar, so you transferred an amount of 11,351,000 Indonesian Dollar on Jan 28, 2009.
On at Feb 4, 2009, the exchange rate of USD/IDR is 11,653. How you suppose to read those numbers in the Forex trading? Let me guide you through. First you have to understand the concept of numerator. In this case, the numerator of the USD/IDR ratio is USD. Therefore, by having the data which say that On at Feb 4, 2009, the exchange rate of USD/IDR is 11,653, we can conclude that the value of U.S Dollar increased from 11,351 to 11,653. If you want to sell you U.S. Dollars, you will receive 11,653,000 Indonesia Dollar. From this transaction, you will get 302,000 Indonesia Dollar profit.
From that example you must have grasped the idea about how the currency pair works and how to make profit in the Forex trading. That is the basic knowledge you should really understand.
I will explain the currency pair with and example. Let us watch the market today. The exchange rate of USD/IDR on Jan 28, 2009 is 11,351. USD is the U.S Dollar and the IDR is Indonesian Dollars. This number (11,351) is also called as Forex rate. The people in this field say it by “rate”. Let say that you are an investor who wants to buy the Dollars as you have lots of Indonesian Dollar. You want to convert your currency into U.S. Dollar. In short, you bought the U.S. Dollard currency at 11,351. You wanted to buy 1,000 U.S. Dollar, so you transferred an amount of 11,351,000 Indonesian Dollar on Jan 28, 2009.
On at Feb 4, 2009, the exchange rate of USD/IDR is 11,653. How you suppose to read those numbers in the Forex trading? Let me guide you through. First you have to understand the concept of numerator. In this case, the numerator of the USD/IDR ratio is USD. Therefore, by having the data which say that On at Feb 4, 2009, the exchange rate of USD/IDR is 11,653, we can conclude that the value of U.S Dollar increased from 11,351 to 11,653. If you want to sell you U.S. Dollars, you will receive 11,653,000 Indonesia Dollar. From this transaction, you will get 302,000 Indonesia Dollar profit.
From that example you must have grasped the idea about how the currency pair works and how to make profit in the Forex trading. That is the basic knowledge you should really understand.
Label:
broker,
curreny pair,
dollar euro,
forex trading,
indonesian rupiah,
proffit,
usd,
yen japan
Controling the risk of Forex Trading
Forex Trading promises a great opportunity to generate much money. Therefore lots of people want to spend their time learning things about Forex Trading. In spite of the money making opportunity, Forex Trading owns some risks. If you fail to recognize those risk you will lost your money in this trading. The risks of Forex trading are credit risks, interest rate risks, country risk, and exchange rate risk. You should understand this as the basic knowledge about the risk involves in Forex Trading.
You have known the risk, now you should learn how to deal with the risk. In other word, you should know how to control the risk. These are the check point you should understand to deal with the risk in Forex Trading.
1) Understand the basic concept. You should really understand the Forex trading from a to z. Try to think that you are the full timer Forex trader. It means you have to master every single little thing about Forex Trading. You might say that you are the investor not the technical broker. That is the wrong concept of mind. Never think that you are only the investor, therefore you do not need to understand the details. This concept of mind will ruin your Forex business and lead you into losses.
2) Good Money management skill. You are involves in the business of money. Therefore you have to be very good at managing your money. It is very important as you may need some immediate cash at particular time. If you experience this moment, you can directly take some amount of your money which you have managed so far a put it on your account to support your Forex business.
3) Decide when to stop. Deciding to stop is a hard thing to do especially if you have hit over your targeted amount. This is critical for your Forex business. If you follow you emotion, you will be irrational in every decision you make. Therefore, it is best to set the target of profit. When you have hit the profit, you have to stop.
4) Follow the trend. Forex market has the same common characteristic with other market. You can apply the concept of “buy low, sell high”. This is the fundament of the business. You have to buy the currency at a low price and sell it at a high price.
A deep understanding about these concepts will lead you to achieve success in Forex Trading.
You have known the risk, now you should learn how to deal with the risk. In other word, you should know how to control the risk. These are the check point you should understand to deal with the risk in Forex Trading.
1) Understand the basic concept. You should really understand the Forex trading from a to z. Try to think that you are the full timer Forex trader. It means you have to master every single little thing about Forex Trading. You might say that you are the investor not the technical broker. That is the wrong concept of mind. Never think that you are only the investor, therefore you do not need to understand the details. This concept of mind will ruin your Forex business and lead you into losses.
2) Good Money management skill. You are involves in the business of money. Therefore you have to be very good at managing your money. It is very important as you may need some immediate cash at particular time. If you experience this moment, you can directly take some amount of your money which you have managed so far a put it on your account to support your Forex business.
3) Decide when to stop. Deciding to stop is a hard thing to do especially if you have hit over your targeted amount. This is critical for your Forex business. If you follow you emotion, you will be irrational in every decision you make. Therefore, it is best to set the target of profit. When you have hit the profit, you have to stop.
4) Follow the trend. Forex market has the same common characteristic with other market. You can apply the concept of “buy low, sell high”. This is the fundament of the business. You have to buy the currency at a low price and sell it at a high price.
A deep understanding about these concepts will lead you to achieve success in Forex Trading.
Thursday, February 19, 2009
another great tips to learn forex
Forex trading is one of the most promising money making business model available online. Of course there always be a good and bad people in this business. Bad people will deliver a scam program while good people will assist you through the entire program. If you are a beginner in this field you should follow this step to advance your knowledge about Forex. Today I am going to share about various tips you can use to learn Forex trading. Do not worry, be positive and think like a winner. You can do it.
These are the quick tips which will enhance your knowledge about Forex. Let us begin. First of all you have to learn things about Forex. I mean everything in detail. Presume you’re self as the hungry people who need information about Forex. If you have your desire to learn, you will be able to face any difficulties. Some people may quit learning Forex because they think everything too deep. The important part is taking action. If you have decided to get into the Forex world, you have to be an expert in it. It is unegotiable.If you have this mind set, you will be able to get to the top.
The second thing is watching the social politic environment. Forex is not about forex itself. It connected to the outside world. You have to know what is going on currently in the world. Forex is affected by the political and economic policy. Minor changes in the political and economic policy will give a great affect to your business. Therefore, it is essential to read newspaper daily, watch the news and discuss thing related to economic or political matter with others.
The next point is not to put so much at first. You are still at your learning phase; it is mean that you have to be ready to lose money. You should identify how much money you are ready to get lost. This is the matter of mind set. By having this mindset, you will be ready to loose money and you will not desperate when you face loss.
As time goes by, your knowledge about Forex will be advancing, so, it is the Map your plan. You should have your plan of action and get your broker run it for you. Do not forget to ask for help or assistance from the one you think to be the better trader.
These are the quick tips which will enhance your knowledge about Forex. Let us begin. First of all you have to learn things about Forex. I mean everything in detail. Presume you’re self as the hungry people who need information about Forex. If you have your desire to learn, you will be able to face any difficulties. Some people may quit learning Forex because they think everything too deep. The important part is taking action. If you have decided to get into the Forex world, you have to be an expert in it. It is unegotiable.If you have this mind set, you will be able to get to the top.
The second thing is watching the social politic environment. Forex is not about forex itself. It connected to the outside world. You have to know what is going on currently in the world. Forex is affected by the political and economic policy. Minor changes in the political and economic policy will give a great affect to your business. Therefore, it is essential to read newspaper daily, watch the news and discuss thing related to economic or political matter with others.
The next point is not to put so much at first. You are still at your learning phase; it is mean that you have to be ready to lose money. You should identify how much money you are ready to get lost. This is the matter of mind set. By having this mindset, you will be ready to loose money and you will not desperate when you face loss.
As time goes by, your knowledge about Forex will be advancing, so, it is the Map your plan. You should have your plan of action and get your broker run it for you. Do not forget to ask for help or assistance from the one you think to be the better trader.
Thursday, February 12, 2009
3 ways trading with forex for private investor
Today we are going to learn about the various ways you can trade in Forex. You have various options you can use as your path to trade in Forex. You can do it directly and inderecty. It is really depend on your preferences. To simplify the concept, this is the kind of Forex transaction. This article simply explains about “what are the transactions you can use to trade in Forex”. Why you need to understand these three ways? It is because the understanding of these three concepts will boost your performance in the Forex business.
Let us begin with the first one. It is called “The Spot Transaction”. “The spot transaction” is a direct exchange among one against another currencies. In this transaction, there are some terms you need to understand. The first term is spot rate. Spot rate also called benchmark rate. Spot rate or benchmark rate is the market price for the particular currencies at a point of transaction. In the international world, you do not need any settlement if you involves as the investor in this trading. It does not require any immediate payment on the spot of this transaction. You might ask this question “so, when is the settlement date?” Let me answer. The day when you make your transaction is called the deal date. Professional also called the deal date as the trade date. The next day, which is the second day is called the settlement date. Settlement date also called value date.
The second one is “Forward and Futures”. “The forward transaction” is the trading agreement which arrange the trading process which not included in the Spot Transaction. It is not included in the spot transaction because the “real” deal date is more than two days after the deal date. The real deal date is the day when the two traders point a price. So the trader is not actually pay other trader at the current deal day based on that day price but they make agreement to refer at a day after the deal day when the particular agreement is made. “Futures” is a contract at a day in the future based on a fix price and amount.
The last one is “Options”. “The options” is nearly the same as Futures contract. Therefore, the buyer of the particular options only has the right to buy the currency at the fixed amount and the fixed price at the agreed future day.
Let us begin with the first one. It is called “The Spot Transaction”. “The spot transaction” is a direct exchange among one against another currencies. In this transaction, there are some terms you need to understand. The first term is spot rate. Spot rate also called benchmark rate. Spot rate or benchmark rate is the market price for the particular currencies at a point of transaction. In the international world, you do not need any settlement if you involves as the investor in this trading. It does not require any immediate payment on the spot of this transaction. You might ask this question “so, when is the settlement date?” Let me answer. The day when you make your transaction is called the deal date. Professional also called the deal date as the trade date. The next day, which is the second day is called the settlement date. Settlement date also called value date.
The second one is “Forward and Futures”. “The forward transaction” is the trading agreement which arrange the trading process which not included in the Spot Transaction. It is not included in the spot transaction because the “real” deal date is more than two days after the deal date. The real deal date is the day when the two traders point a price. So the trader is not actually pay other trader at the current deal day based on that day price but they make agreement to refer at a day after the deal day when the particular agreement is made. “Futures” is a contract at a day in the future based on a fix price and amount.
The last one is “Options”. “The options” is nearly the same as Futures contract. Therefore, the buyer of the particular options only has the right to buy the currency at the fixed amount and the fixed price at the agreed future day.
Label:
financial trading,
investor,
secret forex,
tips,
ways
Wednesday, February 4, 2009
forex or affilate marketing for online earning
We often head the word “Forex” without knowing the real meaning about this word. In this article I want to give a quick description about forex and the comparison about other common online business model, which I hope can increase your understanding and give you a valid reason to choose this business model. I have listed some other common online business model such as blogging and affiliate marketing as comparison
Blogging is simply setting up a blog. Your main job is writing, so, if you think that you are a good writer, you can this business model. The first phase in blogging business model is setting up the blog it self. You have to choose a domain name which can be based on your interest about things or based on the available niche out here which of course has low competition and higher search rate. Then you need to buy webhosting where you put your files in it. Webhosting is basically a hard disk in the internet. It will link to your domain when someone writes it in the web browser. The next step is writing the content. It is better if you write everything on your own. After having the blog itself ready including the content then you have to monetize your blog. You can add adsense link and any other link which can generate money for you. The last step is marketing your blog. One of the marketing techniques available is SEO. It is stand for Search Engine Optimization. If you master SEO stuff, you do not have to pay to get traffic.
The second business model is affiliate marketing. It is basically selling other products and generates some commission from every sale you make. Some people on the internet make a great living from doing this. They need years to achieve and master the skill. Affiliate marketing can be very profitable, as you do not need special skill. All you need is a good copywriting skill. Great Copywriting can seduce people to buy the product you sell.
The next business model called Forex. It is stand for Foreign Forex Exchange Trading. You can be very rich if you have enough knowledge and experience. There are lot of people generate their full time income from this business model. The essential key point is studying. There are certain method you need to master to gain maximum profit from this business. The best thing about this business is your income is unlimited. Further more, you also have to be prepared to loose some money on the learning phase. After you pass this period, you will make money easily than before.
Blogging is simply setting up a blog. Your main job is writing, so, if you think that you are a good writer, you can this business model. The first phase in blogging business model is setting up the blog it self. You have to choose a domain name which can be based on your interest about things or based on the available niche out here which of course has low competition and higher search rate. Then you need to buy webhosting where you put your files in it. Webhosting is basically a hard disk in the internet. It will link to your domain when someone writes it in the web browser. The next step is writing the content. It is better if you write everything on your own. After having the blog itself ready including the content then you have to monetize your blog. You can add adsense link and any other link which can generate money for you. The last step is marketing your blog. One of the marketing techniques available is SEO. It is stand for Search Engine Optimization. If you master SEO stuff, you do not have to pay to get traffic.
The second business model is affiliate marketing. It is basically selling other products and generates some commission from every sale you make. Some people on the internet make a great living from doing this. They need years to achieve and master the skill. Affiliate marketing can be very profitable, as you do not need special skill. All you need is a good copywriting skill. Great Copywriting can seduce people to buy the product you sell.
The next business model called Forex. It is stand for Foreign Forex Exchange Trading. You can be very rich if you have enough knowledge and experience. There are lot of people generate their full time income from this business model. The essential key point is studying. There are certain method you need to master to gain maximum profit from this business. The best thing about this business is your income is unlimited. Further more, you also have to be prepared to loose some money on the learning phase. After you pass this period, you will make money easily than before.
How to Learn and Earn Money with Forex
The Foreign Exchange Market (Forex) is another great option to make money. Some people consider this as a way to earn part time income but some of them consider Forex as their way to earn full time income or at least majority of their income comes from Forex. They live in a comfort living with their family. The great things about it, is the can work from home while watching their children play in the backyard or swim in the swimming pool. Wouldn’t it be great if you experience the same thing like these guys? It must be great if you have the opportunity to experience those too.
To generate income from Forex, you have to pay attention to this particular thing:
First you have to make boundaries about the trading. It usually called trading boundaries or trading rules. After setting your trading boundaries, you have to follow them exactly. Tell you’re self to be discipline. Never go beyond the trading boundaries you have set. You will found trouble such as your profit will never reach the desirable amount. The major factor that will lead you to go beyond your trading boundaries is your emotion. Learn to control your emotion so you can walk in this path without going any further.
The weakness of most Forex trader is uncontrollable desire for more money. This hunger will lead the trader him self to bankruptcy. This is very basic skill need to be mastered. You have to control your self and read the situation. Have you ever watch a movie about samurai? The group of Samurai usually protects villagers. They socialize and blend together with villagers. When the harvest time comes along, they will work together with them. At that point they will always thank to the Earth that they have arrived at the harvest time. Based on that movie, we can conclude that there will be the time to sow and there will time to harvest.
Learn and re-learn. You should learn more stuff, read book and eBooks, listen to cassette or tutorial audio CD, watch video tutorial and find great tutor to dig the knowledge deeper. When you learn something it means that you fill up your memory so you can do things exactly. At some point you may think that there are some of your knowledge needs to be revised. So you need to re-learn. Once you have mastered the technical knowledge and physiological skill you will gain you will achieve more than you can imagine.
To generate income from Forex, you have to pay attention to this particular thing:
First you have to make boundaries about the trading. It usually called trading boundaries or trading rules. After setting your trading boundaries, you have to follow them exactly. Tell you’re self to be discipline. Never go beyond the trading boundaries you have set. You will found trouble such as your profit will never reach the desirable amount. The major factor that will lead you to go beyond your trading boundaries is your emotion. Learn to control your emotion so you can walk in this path without going any further.
The weakness of most Forex trader is uncontrollable desire for more money. This hunger will lead the trader him self to bankruptcy. This is very basic skill need to be mastered. You have to control your self and read the situation. Have you ever watch a movie about samurai? The group of Samurai usually protects villagers. They socialize and blend together with villagers. When the harvest time comes along, they will work together with them. At that point they will always thank to the Earth that they have arrived at the harvest time. Based on that movie, we can conclude that there will be the time to sow and there will time to harvest.
Learn and re-learn. You should learn more stuff, read book and eBooks, listen to cassette or tutorial audio CD, watch video tutorial and find great tutor to dig the knowledge deeper. When you learn something it means that you fill up your memory so you can do things exactly. At some point you may think that there are some of your knowledge needs to be revised. So you need to re-learn. Once you have mastered the technical knowledge and physiological skill you will gain you will achieve more than you can imagine.
Tuesday, February 3, 2009
Earning Money With Forex is Very Possible
Earning money from Forex is achievable. You can earn money from Forex if you have enough knowledge and experience in this field. Finnaly you are interesting in this field, aren’t you? Making money from Forex is not a dream in the daylight. Lot of people has proven the Forex as the source of their majority income. They even offer courses regarding the Forex. Becoming the Forex education provider also generates some income from them. You can also do this once you have mastered the concept. Of course you can not reach that point in just a month. It need process. This article will guide you through the things you need to consider before investing your money in Forex.
Forex is gambling with possibilities. It is untrue if people say that investing in Forex is different with gambling. Ups … I have to revise mine. Forex is a sort of gambling which involves counting possibilities. When I say “gambling”, it means that the people are the players which play the game. Therefore some of them will enjoy the game and some of them will not as the loose money in their game. It is a gamble because you can not predict exactly how the outcomes of your investment will. I do not know if you have the ability the give an exact prediction of these things. A 20 years Forex investor might also fail to predict the exact outcome of their investment.
The good news is you can predict the possibilities through data. But first you have to learn how to read the data. You will be blind, if you fail to read the data. So the tip for today is you should browse for Forex education provider to gain an integrated education about Forex. They will teach you about the different investment method. Finding the trustworthy Forex education provider can be frustrated if you do not know how to research. You should really read through the review available in the net. Compare and contrast each education provider to gain a better perfective about them.
The next step is to find a trustworthy broker and ask for the best trading system. It is essential for you business as they are your partner in this long journey. You will trust them no matter what. Their word is your decision. Therefore, if you fail to understand the things about Forex, you will always agree to every decision they make. So, it is really important that you learn everything about Forex. Do not forget to put it into practice.
Forex is gambling with possibilities. It is untrue if people say that investing in Forex is different with gambling. Ups … I have to revise mine. Forex is a sort of gambling which involves counting possibilities. When I say “gambling”, it means that the people are the players which play the game. Therefore some of them will enjoy the game and some of them will not as the loose money in their game. It is a gamble because you can not predict exactly how the outcomes of your investment will. I do not know if you have the ability the give an exact prediction of these things. A 20 years Forex investor might also fail to predict the exact outcome of their investment.
The good news is you can predict the possibilities through data. But first you have to learn how to read the data. You will be blind, if you fail to read the data. So the tip for today is you should browse for Forex education provider to gain an integrated education about Forex. They will teach you about the different investment method. Finding the trustworthy Forex education provider can be frustrated if you do not know how to research. You should really read through the review available in the net. Compare and contrast each education provider to gain a better perfective about them.
The next step is to find a trustworthy broker and ask for the best trading system. It is essential for you business as they are your partner in this long journey. You will trust them no matter what. Their word is your decision. Therefore, if you fail to understand the things about Forex, you will always agree to every decision they make. So, it is really important that you learn everything about Forex. Do not forget to put it into practice.
Thursday, January 29, 2009
Business with Forex Trading Style
Thinking of earning money from Forex? Then, you need to understand the risk involves in Forex. Some people prefer saving their money on the bank to speculating in such business like Forex. You should really understand your self and be honest about it. Do you ready to loose some money? So, what is your answer? If your answer is no, then you should re-think your decision to get into the Forex business. Deposit your money in the bank maybe suit you better than speculating in Forex business. By answering like this, I do not mean to turn you down, but I have to explain the real situation here.
Do you enjoy the stress? You should answer this question precisely. In the Forex world you will watch your money which may took you years to get will vanish in just a second. This means stress for some people but for other it might be fun. You need to be honest in this matter. There some case where people even experience heart attack due to the fact that they are not though enough to face the reality.
The next question is about your business style. Are you an impatience business man or a learner? A really successful businessman especially in this forex world always knows the details about it. Though it can spend years of studying, you can gain lots of valuable experience if you learn by yourself. In contrast, if you do not want to learn by your self, you will need brokers which do everything based upon your order. Each of businessmen has their own business style. You have to define your business style first before going any further. Once you have defined your business style, things will really easy because you have your own target and mind set.
The Next question following the previous question is about the management. Management means the way you coordinate something to achieve more valuable thing. In this case, you need to manage your time and money. So, how to do that? Let us start with the time. First, you need to look at your available time. Then, decide how many time per day would you spend to learn about forex? Once you have decided the amount, stick to it and be discipline. Money is the most valuable resource in this business. You have to count how much money you have available. It is not the money you use for daily activity. It is your spare money.
Do you enjoy the stress? You should answer this question precisely. In the Forex world you will watch your money which may took you years to get will vanish in just a second. This means stress for some people but for other it might be fun. You need to be honest in this matter. There some case where people even experience heart attack due to the fact that they are not though enough to face the reality.
The next question is about your business style. Are you an impatience business man or a learner? A really successful businessman especially in this forex world always knows the details about it. Though it can spend years of studying, you can gain lots of valuable experience if you learn by yourself. In contrast, if you do not want to learn by your self, you will need brokers which do everything based upon your order. Each of businessmen has their own business style. You have to define your business style first before going any further. Once you have defined your business style, things will really easy because you have your own target and mind set.
The Next question following the previous question is about the management. Management means the way you coordinate something to achieve more valuable thing. In this case, you need to manage your time and money. So, how to do that? Let us start with the time. First, you need to look at your available time. Then, decide how many time per day would you spend to learn about forex? Once you have decided the amount, stick to it and be discipline. Money is the most valuable resource in this business. You have to count how much money you have available. It is not the money you use for daily activity. It is your spare money.
Tuesday, January 20, 2009
What do We need to know before start Forex
In today’s world where people easily connect to others by internet, there are lots of different way and business model to generate income from. Those business models give us option based on our interest. For example, if we love the idea about selling, we can join any affiliate program available on the net. On the other way, when we think that we are gifted as a writer, then blogging can be the business model that suit us best. So it is really depend on each person interest. So, how about you? The tips is Doing what you love will give you peace because when other see you work, you think that you play with stuff you love.
One of the options available is forex. We are going to discuss Forex in this article so you will gain some insight about forex. So first, what is forex? Have you got any idea? Have you read any article or eBook about it before? Forex is part of financial market. It is involves speculation on currencies rise and fall. In the real world, speculation requires money. So if you are interested in Forex, you have to be ready to loose money. The money you loose is part of your learning process.
Financial market is a fair market. You have to understand the basic concept of high risk high return. What is it exactly? When you involves in a high risk speculation, then you will probably gain a high return. In contrast, if you only involves in a low speculation, then you will probably only gain a low return. Understanding the concept of high risk high return is not enough because spending much money in a high risk speculation need a deep consideration. You need to learn about this and put it into practice.
Patience is you weapon. In your learning process, you will face lots of trouble. You have to stay focus at your dreams. I believe that you have set your goal to earn profit from Forex and you will reach it for sure as long as you stick to it. It is useless to learn all of the concept and material from any well known provider if you do not have your own motivation. The key to your success lays on your motivation. Keep you self burned with motivation and you will have the energy to do anything better than before.
One of the options available is forex. We are going to discuss Forex in this article so you will gain some insight about forex. So first, what is forex? Have you got any idea? Have you read any article or eBook about it before? Forex is part of financial market. It is involves speculation on currencies rise and fall. In the real world, speculation requires money. So if you are interested in Forex, you have to be ready to loose money. The money you loose is part of your learning process.
Financial market is a fair market. You have to understand the basic concept of high risk high return. What is it exactly? When you involves in a high risk speculation, then you will probably gain a high return. In contrast, if you only involves in a low speculation, then you will probably only gain a low return. Understanding the concept of high risk high return is not enough because spending much money in a high risk speculation need a deep consideration. You need to learn about this and put it into practice.
Patience is you weapon. In your learning process, you will face lots of trouble. You have to stay focus at your dreams. I believe that you have set your goal to earn profit from Forex and you will reach it for sure as long as you stick to it. It is useless to learn all of the concept and material from any well known provider if you do not have your own motivation. The key to your success lays on your motivation. Keep you self burned with motivation and you will have the energy to do anything better than before.
Thursday, January 1, 2009
The Use of Moving Averages
Within the forex trading business, are currently widely used. All of these moving averages gauge the trends within trading over certain time periods, making sure to take into consideration the market’s fluctuations and volume based on a day-to-day basis.
The exact methodology that they use strictly for calculation is really quiet simple. In order to calculate the moving averages, all you have to do is add all of the closing prices and then divide the result by the exact period pertaining to the moving average. There are several different time periods for which the different moving averages are used.
When you are tracking the forex rates from a couple of months ago, the two hundred day moving averages are going to be used. When you are searching for the medium-term trades, the twenty to sixty day averages are being used and last but not least, when you are searching for shorter periods the five to twenty day trading averages are being utilized. The shortest moving average is only going to include one single trading day.
The moving averages shouldn’t be confused as the leading indicator. Moving averages are just a lagging indicator and the investors need to be extremely careful before they place their trades strictly based on the moving averages. There are thousands of novice and even sometimes even experienced forex traders that do all of their purchasing with some complete dependence on the moving averages. Even though no one can stop you from doing this, you are more than likely going to experience some really big losses.
The momentum indicators are the absolute best option for you to look for before you make any type of trade. Stochastic as well as several other momentum indicators provide investor stability for long term trading.
As a forex trader, it is important that you never place any trade based on the short term moving averages. As you may know, haste makes waste, as some of the saner people may have said, and to this very day, their saying remains true for all of those forex traders that are replacing their trading on the entire short term MA’s. All of the forex traders that base their trades on short term moving averages are going to lose everything because they are completely unreliable. The long term moving averages can be very helpful however the shorter ones can’t. You may want to try your luck with timescales as well.
When you are trading within the world of forex, it is extremely important that you take the time to learn all of the information that you can about the short term moving averages and the moving averages in general. All of this information can either help you to be a success or a failure if you choose to not take the information to heart.
The information that is provided to you within this article isn’t written to tell you how to handle you’re trading needs; it’s just to inform you that the short term moving averages aren’t going to do you a bit of good if you base all of your trades on them.
The exact methodology that they use strictly for calculation is really quiet simple. In order to calculate the moving averages, all you have to do is add all of the closing prices and then divide the result by the exact period pertaining to the moving average. There are several different time periods for which the different moving averages are used.
When you are tracking the forex rates from a couple of months ago, the two hundred day moving averages are going to be used. When you are searching for the medium-term trades, the twenty to sixty day averages are being used and last but not least, when you are searching for shorter periods the five to twenty day trading averages are being utilized. The shortest moving average is only going to include one single trading day.
The moving averages shouldn’t be confused as the leading indicator. Moving averages are just a lagging indicator and the investors need to be extremely careful before they place their trades strictly based on the moving averages. There are thousands of novice and even sometimes even experienced forex traders that do all of their purchasing with some complete dependence on the moving averages. Even though no one can stop you from doing this, you are more than likely going to experience some really big losses.
The momentum indicators are the absolute best option for you to look for before you make any type of trade. Stochastic as well as several other momentum indicators provide investor stability for long term trading.
As a forex trader, it is important that you never place any trade based on the short term moving averages. As you may know, haste makes waste, as some of the saner people may have said, and to this very day, their saying remains true for all of those forex traders that are replacing their trading on the entire short term MA’s. All of the forex traders that base their trades on short term moving averages are going to lose everything because they are completely unreliable. The long term moving averages can be very helpful however the shorter ones can’t. You may want to try your luck with timescales as well.
When you are trading within the world of forex, it is extremely important that you take the time to learn all of the information that you can about the short term moving averages and the moving averages in general. All of this information can either help you to be a success or a failure if you choose to not take the information to heart.
The information that is provided to you within this article isn’t written to tell you how to handle you’re trading needs; it’s just to inform you that the short term moving averages aren’t going to do you a bit of good if you base all of your trades on them.
Subscribe to:
Posts (Atom)