Thursday, December 31, 2009

Forex Trading Course - Forex Trading Training - Knowledge is Vital

Foreign currency (FX) trading is currently the most exciting and liquid financial trading platform today. Many new excited currency traders are getting involved in the forex trade. If you are one of them, you need to ask yourself how prepared are you? Are you equipped with the knowledge to meet the challenge?

Knowledge in forex is important before you even put your first order. One of the best way is to go through a forex trading course or forex trading training.

A forex trading course can enhance your knowledge and gives you the confidence to do the real live trading. Just like everybody else, you will feel the excitement of putting your first order. To really learn the trade, you need to source for a good and reliable forex course or forex training service provider.

Many good forex trading courses or forex trading training provider are available online. A good forex course will provide you with all the basic guides, references, audio and videos that are very useful to the currency trader. The resource material can be downloaded from the course provider's site. Some may even ship to you the forex course material and CDs. You can learn and study them at your free time in the comfort of your home!

These courses or training are sufficiently helpful to give you a good start. The people behind them have many years of experience in the real trading environment. Many of the ideas and tips offered are generally not mentioned in normal text books. The forex tutorial or references coupled with the audio and videos provided make the learning process motivating, fun and interesting. The learning process appears quite realistic. You feel as though the master is just with you as you are guided through the currency trading tutorial.

You should also open an account with a reliable forex broker. You can then try out the demo account that is provided free for you to trade live but not with real money. Again, you can do this at home any time you want. However, you need to be persistent and patient in trying to learn and assimilate the vast amount of currency trading tutorial material. Go through them carefully. Test them out with the demo account before you proceed with the real account.

With this in mind, however, it is wise to select a proper forex trading course or training provider. Some are not so helpful and are difficult to contact. So choose a suitable course provider that maintains good and efficient backup service.

The main advantage of an online forex course or forex training is that you can learn and study it at your own free time and at any place convenient to you. The techniques, explanation and material provided in the forex trading course are more realistic and unconventional than those offered in text books. The supporting multimedia resources such as the actual trading charts provided appeared just as you would see them on the real screen.

Knowledge is vital. With a proper forex trading training, you should feel more confident and not apprehensive when you are doing your live trading. The knowledge that you have gained will give you the advantage of making better decisions and consistent profits in the foreign currency trading.

If you need to know more, you may check out on forex trading courses and training here. Be aware that to acquire knowledge, you need to make some small and reasonable investments to be able to ride through the volatile forex market. Visit this site to secure your advantage.

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Sunday, December 20, 2009

Forex Trading Course - How to Choose the Right Forex Education?

A good Forex trading course will teach you how to make a solid profit from the Forex market. However, if you fall for some courses that teach unproven Forex systems, it could also mean big losses for you.

So a course can be a double-edged sword. It can be your friend or it could also become your worst enemy at the Forex. Because of this, it would be very critical to choose the right Forex course for you.

Choosing the right Forex trading course may sound easy but it is not. With hundreds of Forex courses being sold on the Internet, it would be very difficult to identify which one would help you succeed.

So here are some important things you have to consider when choosing the right education. These pointers should help you to identify which course is good and which ones are worthless.

Do Not Buy the Basics

The first thing you have to remember is not to buy a course that will teach only the basics of Forex. You can easily get such information for free. Even your broker can provide free basic trading courses and tutorials.

You will only waste your money on courses that teach you how to trade, how to read charts, and other information that you can get for free. Most probably, these courses are just written by authors who compiled different Forex information and sold them as a Forex course.

Focus on Strategies and Advanced Techniques

What you should be looking for is a Forex trading course that will teach you the step by step process of building your own trading strategies. However, you need to ensure that the strategy being discussed by the course has been proven in actual market conditions. This means you have to make some research and ask around if such Forex trading course can really increase your chances of winning big at the market.

Choose a Course that Offers Hands-On Services

Majority of courses are packaged into ebook modules which you can read and study. Although these types of courses may provide valuable input to sharpen your Forex knowledge, it would be best if the course provider can include hands-on training.

For example, if you are buying a course on developing a unique system, the provider should also include a demo platform in the course package. This way, you can try the theories and techniques being discussed in the course on the demo platform to see if they really work. On the other hand, if you are buying a Forex charting course, the package should include actual use of Forex charting software.

Look for a Money-back Guarantee

Course providers will promise you that their systems could improve your Forex prospects. A reputable provider will also give you a money back guarantee in the event that the course will not meet your expectations.

So it is always best to buy a Forex trading course with money back guarantee. Such guarantee could protect your interest when you buy a Forex course on trading strategies and systems.


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Wednesday, December 16, 2009

Write Your Own Success Story As a Forex Trader With a Forex Trading Course System

If you are looking out for a Forex trading course system, you may get confused with the wide array of choices available out there. The potentiality of Forex trading for profit cannot be ignored. It provides you an excellent way to supplement your income. However, it is also true at the same time that many people never taste the flavor of success in this type of venture. Worse, they end up facing huge losses. But, it is important for you to understand that the main reason behind their failure is their own ignorance. They never take the pain to learn the process. They start with an array of false assumptions. That is the reason why you are always recommended to go for a Forex trading course system before you start trading. And, the best course for you is obviously the one that offers you an automated way to make guaranteed money from Forex trading.

The Benefits Of Having An Automated Forex Course System

Even if you are not a professional and experienced Forex trader, you can still make a decent amount of profit right from the very beginning - this is the greatest benefit of this type of system. Since it automates the process, you are left with very few things to do. It shortens the learning curve for you and makes things much easier. You just have to learn the right way to use this system, which is not very difficult. You do not have to be a professional trader in order to learn how to use a Forex trading course system. Once you are aware of the process, you can start making money just like a pro.

Different Types Of Forex Course Systems

The course for Forex trading system is available in three forms - trend based system, signal based system, and formula based system. The currency market has specific characteristics and these three forms are actually different techniques to program those characteristics in order to ensure guaranteed, optimum profit. The Forex trading course system will tell you which technique or combination of techniques you should use in which circumstances.

Is It Worth Investing In A Forex Course System?

The currency market generates a huge amount of data everyday so it is not possible for a human mind to keep record of everything. After all, your brain is not a computer no matter how much of a genius you are. Whether you are a beginner or an experienced Forex trader, you will need a Forex trading course system to store all the vital information. In fact, it is not just about storing information. The more important thing is how you are going to utilize the same. By automating the entire process, the course system will also help you extract the information and put it to use.

The good news is that purchasing a Forex trading course system is no more an expensive venture. When these software programs were initially launched a couple of years back, they cost thousands of dollars - but it was then. The cost has dropped substantially today.

Amin Sadaks is the leader in Forex education. Learn more about his Forex training experience at

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Saturday, December 12, 2009

The 'Where to Trade' Conundrum and How to Crack It

The 'where to trade' conundrum is a very hard one, especially in the current volatile climate. Broadly speaking there are five main areas where you can trade - stocks, options, futures, CFDs and Forex. Viewed all together can be a very daunting task and where to start is a hard conundrum for a novice trader. For that reason here's a simple breakdown of the different options available at your disposal.


Plain and simple, stocks represent a share in the ownership of a company. Stocks trade on a stock exchange, which is basically a venue to buy or sell a stock. In this arena, big players such as Warren Buffet, Merrill Lynch and other big banks dominate. That said, don't be scared off because, if you're new to trading, this is probably the best place to start.

It offers the lowest risk because it's unleveraged. There is a tendency for new traders to go for higher leveraged instruments because of the return, but you must remember that higher return the higher the risk. If you haven't traded stocks (and made a profit) you're probably not ready to look at leveraged instruments just yet. In short, start with stocks.


Options are a leveraged instrument that derives its price from an underlying security (such as stocks). They give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date.

So, unlike stocks, which represent equity in a company and can be held for a long time (if not indefinitely), options contracts have finite lives.

Options are the next step up from stocks in their complexity. They introduce the opportunity to leverage your money and increase profits.

A word of advice on options: make sure you are trading liquid options (those that are well traded). You never want to be dealing directly with the market maker because they will put the odds in their favour by setting a wide spread.


In a similar vein to options, futures contracts also have finite lives. They are primarily used for hedging commodity price fluctuation risks or for taking advantage of short-term price movements.

The buyer of the futures contract agrees on a fixed purchase price to buy the underlying commodity (wheat, gold or T-bills, etc.) from the seller at the expiration of the contract. This differs from options where the buyer has the right to purchase the underlying commodity but is not obligated to do so.

As time passes, the contract's price changes relative to the fixed price at which the trade was initiated. This creates profits or losses for the trader.

Futures trading is one of the more complex forms of trading, but along with the increase in the skill level required, there are greater rewards (in terms of return on investment). Commodities trading can be a great stepping stone towards trading more advanced markets.

Contract for difference (CFDs)

CFDs derive their price from an underlying security and can be placed on virtually anything. Nowadays, CFD providers allow people to trade almost whatever they want through their own (that is, the provider's) platform.

The CFD provider, in effect, ends up becoming the market, setting the buy and sell prices. They make their money in one of two ways: either (1) they'll set a wider spread - the difference between what you can buy and what you can sell (similar to exchanging foreign currency at the airport) - or (2) they will take equal and opposite transactions to whatever you do (in effect, 100% hedging themselves and making their money on the brokerage and lending rates).

CFDs are popular at the moment because they allow you to trade both sides of the market (long and short). In this case though, there are actually no shares involved; instead, the broker agrees to pay the difference between the starting share price and the price when the contract closes. This method of making or losing money based on a difference is where the name 'contract for difference' originates.


Forex - short for foreign exchange - is trading where the asset traded is currency. What makes it so unique is that, unlike other financial markets, the forex market trades 24 hours and its daily volume exceeds $1.4 trillion, making it the largest and most liquid market in the world.

This market is extremely attractive because of the high leverage potential. For example, if you put a dollar down, you can control of $100 (so, 1% down). It's obvious why this would be a very interesting proposition, but you must remember that leverage is great when you're making money, but it's tragic when you're losing (you'll lose your money a lot quicker!).

While this sounds exciting, it's not for the faint hearted. Forex trading can be fast and furious. If you're just starting out, unless you have your heart set on trading the forex, I recommend that you prove your trading plan can trade profitability in other non-leveraged markets (such as stocks) before entering this market.

I hope you now have some idea of where to trade.

Masterful Trading Money Management Is Achievable.

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Wednesday, December 9, 2009

The "Death of the Dollar?" - Japanese Candlesticks Say "Not Yet"

It is the very height of fashion now to decry the continued loss of value of the dollar when compared with most other currencies, especially the euro. Very big names have joined the bandwagon in predicting that the dollar has no future. The mass of popular opinion seems to have fallen in line behind prominent folk in the propagation of the thesis. Some of the leaders of the pack are prominent because they have succeeded in business; some because they are in positions of influence in government, and still others are movie stars who, no doubt, have been deeply schooled in economics in earlier lives and are therefore qualified as experts on the subject. The herd follows right along, because people who are expected to know the answers (some of them, at least) are doing the talking.

And yet, it bears recalling that when the majority becomes such an overwhelming majority that it approaches the status of a monopoly, chattering among themselves and reinforcing each other in circular fashion, the overwhelming majority is often wrong.

Let us assume that the euro is roughly the counterpart of the dollar. With that in mind, let's examine recent "monthly" and "weekly" price charts of the euro and see what we find.

On the "monthly," we see a persistent and nearly continuous rise in the value of the euro (as against the dollar) all during 2006 and 2007, continuing in January, February, and March of 2008. The rise abruptly stopped short in April, when a modified "Shooting Star" Japanese Candlestick pattern emerged. This pattern is bearish, and warns of a possible change in trend, to the downside. The price bar for May has no particular meaning, since the month is only five days old as this is being written..

On the "weekly," we see something akin to a "rounded top" in prices in late March and in April, with progressively taller upper Candlestick "shadows" toward the end, then a bearish weekly bar which engulfed the "real bodies" of the preceding three weeks, followed by another weekly black bar and lower prices at the end of April. The "rounded top" signifies a gradual exhaustion of the fuel which drove the rise. The tall "shadows" indicate increasing resistance to attempts to drive prices higher. The bulls were losing strength. And then, late in April, the dam seems to have broken - or at least "the fever broke" - and prices turned down.

It is impossible to know whether the decline will continue. However, it is important to note that the free-and-easy, almost effortless and irresistible rise of the euro over a course of more than two years hit a ceiling in late April. The game is no longer the same as it was.

At the very least, we now know that there is strong resistance to a rise in the euro above the $1.58 level. Further, the recent signals are bearish, and impute the real possibility of a decline in the euro (and a corresponding advance in the dollar) over the next weeks. The dollar isn't dead yet.

The author is an experienced investor; a retired attorney and corporate CEO; the creator of the "Candelaabra" technical analysis system for use in the financial markets; and has passed the NASD Series 65 Investment Advisor exam. He publishes his investment advisory newsletter to help you keep your money safe and to guide you to profit in the financial markets regardless of the direction of price trend. Find out more about making money in any economic climate. Free information and sample investment newsletter are ready and waiting for you, without any cost or obligation, right here at ====> Go ahead! Click on me!

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Saturday, December 5, 2009

Forex Secret - Forex Literature As A 90-95% Of The Traders Lose Their Deposit (Part II)

(See beginning of this article under name Forex Secret. Forex Literature As A 90-95% Of The Traders Loose Their Deposit. (Part I)

B. Williams quotes 5 bullets killing a trend, whereas I exemplify their insufficiency and I add up 11 more thereto, not denying the above 5 of them.

B. Williams idealizes the Elliott wave theory, whereas I show that the combination of fives and threes is none the idealizable, otherwise a mankind 100-year development project could have long been elaborated on the basis of Elliott waves pattern, leading to exasperation at the fact that humanity progress does not follow Elliott and Williams. The other thing is that nowadays brokers have mastered the job of manufacturing more waves out of the 5 initially.

The aforesaid is applicable to each of the 20 problems of Forex.

A portion of my live Forex trading methods are to be found in this book, while the other portion thereof is forwarded upon request. Those eager to continue training under my supervision as well as to trade live, please, feel free to contact me on my e-mail address below.
It all could be funny unless it were sad. But IT IS sad, because the above examples are scaring in number. Bearing it in mind, do, go again through excerpts from distinguished scholars books:

- Awesome Oscillator (AO) serves us keys from the Wonderland;

- Accelerator Oscillator (AC) gives us with significant superiority over other traders;

- using AO is similar to reading tomorrow’s “Wall Street Journal”, while using AC is reading of the day-after-tomorrow’s issue thereof;

- by using AO solely, one may attain profits even without any knowledge of current rate; should the oscillator turn down, one may merely ring one’s broker and say: “Sell at the market price!”.

As You have guessed, these are extracts from B. Williams’s “New aspects of Exchange Trade”. Have You read the thing? And now, please, give a glance to the a foregoing figure, depicting the way, the vaunted Williams’s indicators may entail an abyss of losses.

But what truly makes my blood boil is as follows. B. Williams is a professional psycho therapist and his narrative style is none of an incidental one. This is a suggestive method by virtue whereof he attempts to demonstrate the exclusive, correct and faultless nature of his trading technique. The “faultlessness” is to be discussed in an individual chapter, and my only claim here is that I can easily draw hundreds of examples, where one can bump into loss by way of following Williams’s indicators.

By myself, I am an advocate of theory of chaos. But this theory is disclosed by Williams in a very primitive and a superficial manner, which fact results in his blind follower losses. As to the author, he resorts to propaganda methods instead of providing a clearcut distinction between the cases, where the above theory is 100% effective and those, where it is not.
Williams could have explained to his admirers directly, that in these certain instances the theory is to be relied upon, while in these instances it is not to. The difference is in this, this and this. In the former instances one should necessarily enter, whereas in the latter instances one should abstain from entry. But the guy haven’t done the job (due to either not being desirous or to not having sufficient knowledge).

I was a success in finding out distinct operability criteria of the Williams’s technique. To achieve this, I had to improve the Alligator, by virtue whereof I enabled my students to easily pinpoint the difference between the Williams No.1 option (a trend, encouraging profits) and No.2 option (a flat, inflictive of losses).

By the by, it is supportive of the chaos theory methodological correctness and of imperfect Williams’s method structure, plotted on the basis thereof. Instead of acting upon the trader’s consciousness Williams resorts to forbidden subconscious programming procedures, thus stimulating man’s inherent and acquired instincts as if saying: ”If You wanna get rich, follow me! My method empowers one to trade without a single glance at a price! The Awesome Oscillator constitutes a key from a Kingdom!” Etc., etc., etc…

Hence, only 1 of 20 Williams’s followers exhibits Forex-earning capabilities in a most favorable environment. Thus, under this statistics, B. Williams is better not to be idolized, the way he has been by the crowd of his admirers. On the other hand, other Forex maestros’ trading techniques are far worse than that of B. Williams. So, let’s continue illustrating Forex truisms being erroneous in live trading.

- The “Theory of Chaos” of B. Williams. The author has not advised what should be added up thereto. A separate chapter here is dedicated to the issue.

- Trader’s psychological problems. I haven’t found any revelations pertaining to THE WAYS OF ELIMINATING THESE PROBLEMS.

- The issue of a stop-loss order is certainly important: even under trend hedging is an indispensable protective shield against market surprise. But is the problem too far complicated to require a dozen pages’ elucidation? Has the author beheld any secret? Wah! He hasn’t noticed anything but he still has repeated all that wanders from book to book on Forex.

Once I was stunned by a question put forward by one of my students after having read B. Williams’s “Trading Chaos”: what’s the use of giving so much attention to the stop-loss problem and above all what’s the good of chewing over the role of safety cushions in the automobile industry as though readers are down with minority?

Doubtlessly, it’s funny reading that Williams has never violated traffic regulations, priding himself on the occasion. Any psychiatrist could tell a hell lot about such a personality type, although, I should admit that Williams is American, not Russian.

Drawing picturesque, memorizing examples, each scholar is right to insist on protective barrier placement as a loss killer. But there is hardly anyone to introduce certain novelty into the issue and to disclose the secret as to what there should be in the trader’s store besides a stop-loss to insure against his deposit melting and extra losses. A separate chapter here is targeted at the issue.

I have shortly come across an aphorism: “Genius is not to the effect, that nothing can be added thereto, but it is to the effect that nothing can be deleted there from”.

If You go through numerous books on Forex at this aspect angle, You are sure to surprisingly find out that 90-100% of their contents may be subject to withdrawal. WHY?
BECAUSE nothing new and 100% correct is offered therein. Instead, reiteration is going on of what is familiar to any professional, since everyone is itching to exhibit one’s originality by way of retelling: a paramount authority of FA over Forex exchange rates; continuation and reversal patterns; a stop-loss importance; a divergence being a component of a trend reversal, etc., i.e. book-to-book travelers.

“An outstanding Forex trading techniques” and “a genius scholar”, etc., making their appearance in books’ abstracts and annotations are off springs of 1% originality added up by an author to 99% of common knowledge.

Sale is publisher’s primary target, giving birth to “genius” mediocrities and plagiarism. Standing separately among these books are opuses by B. Williams, being admired and scrutinized regularly by the majority of scholars and by myself. But EVEN HE cannot be qualified as “genius” with account to the above formula. He is rather “eccentric” than “genius”.

The thing is not, that his technique is addenda-allowing (this fact backs the correct Williams’s choice of the chaos theory to be applied to Forex) and I easily managed to add 11 trend-assassinating bullets to the 5 of Williams. The thing is that a number of Williams’s postulates ARE WRONG and thus loss- inflictive. These can be and should be subject to removal.

CONCLUSION: I guess, it’s understandable by now, that script-writing has turned to be business for scholars, incorporating additional advertising and additional charges for their students. However, the above is not worth millions Forex losers sacrifice.

Much more respect-triggering is Warren Buffet, having made a minimum of USD40 bn at the stock market without writing any books on his trading tactics. W. Buffet is the world’s second-rich man after Bill Gates, although this fact being thoroughly doubtable. B. Gates is supposed to declare the whole of his income obtainable from the Microsoft Corporation, whereas W. Buffet, being a trader, is sure to deem himself entitled to show the Inland Revenue what he really wants to.

The difference is fairly evident. The profit obtained from US companies, constituting the Gates official fortune major portion, may be kept track of, as well as the offshore profits may sometimes be properly checked. But Buffet’s profits attractable at all. Do You expect a man, lending his own daughter a sum of USD20 against a receipt, to allow ALL of his profits to be taxable by state? Or a moderate portion of profits is sufficient, yeah? It is entirely his job, whereas we are to learn to gain at least a spoonful of what he has acquired during 40 years of his activity at the stock exchange.

Thus, to cut it short: a classical Forex literature exhibits but an anti-scientific unsystematic nature, constituting a “crise de genre” and triggering losses among 90% of beginners, abandoning Forex market.

In what does science differ from a philistine and amateur effort? In a systematic and objective nature, in a methodology perspective. In there any of the above to be found with scholar literature on Forex? No, but instead there is in abundance:

A. Tautology and absence of new approaches. From book to book world-distinguished scholars feed traders (as if the latter were silly little chaps) with stories about R&S levels importance, technical indicators, continuation and reversal patterns, etc., which is as interesting and instructive for a professional trader as ABC reading is for a professor of philology.

B. Absence of integrity. Individually, it is all clear: Elliot waves, Fibonacci levels, resistance levels, reversal patterns, etc. But what’s the way it all is interconnected and integrated? In what way it is influential over each other? What is primary and what is secondary? Imagine a doctor diagnoses and cures patients without a slightest idea of interaction of digestive, cardio-vascular and other systems.

This is what exactly happens to Forex beginners. They are sure to have learnt something, but they are being muddleheaded instead of having a systematic knowledge. Medical students undergo a course of anatomy. Geologists and military men make use of topographic maps. And what do Forex beginners have to this end? You are free to interrogate any scientist if he has knowledge of parts of science without having knowledge of the whole. Guess, what he’s gonna answer? And now give consideration to what is being currently published on Forex and being accessible to anyone. Thereafter You will easily “evaluate” the “outstanding contribution” made by each of Forex scholars.

4. Methodology and techniques subjectivism and absence of objectivity. See live scholar, Th. Demark’s “Technical Analysis As An Emerging Science” recommending to manually draw R&S lines from the right to the left instead of so previously doing from the left to the right. The book’s preface qualifies it to be “refined techniques built during a quarter of a century of a laborious scrutiny of market tendencies and projecting methods”. And thereinafter: “Demark’s empiric-data strictly scientific approaches are in striking difference from an artistic intuitive one thus constituting a rational basis for dynamic systems, mechanically outputting market signals.” But, with having not disclosed his system’s essence, is Demark aware that his subjective Forex trading suggestions may happen to entail severe mistakes. Yeah, he substantiates his viewpoint in chapter “Why price projections may not go into effect”: “…due to no technique being perfect”. Good a science with “no technique being perfect”!

Demark is looking rather a philosopher, than a trader with his tirade being nothing but a sophism, made use of as back as in ancient Greece to provide grounds and protection for any kind of absurd.

In accordance to Demark, “a mistake becomes obvious the next day as soon, as the first deal price is registered”. I am itching to ask the scholar: “How many points may a currency travel in a wrong direction during an earth day?” I am answering myself: 100 pts or 200 pts or more. Demark diagnoses: “This instance evidences a breach, indicative of a new opposite tendency”. Well, I’ve got it.

Once there is loss, one should loss-close and enter oppositely.

Take a look at the picture below:

Fig.10. EURUSD H1 chart as of March, 22 – April, 18, 2005 manifesting a month-long flat. (See Note below)

How many days should one per-Demark loss-close with the rate repeatedly swiveling as though to Demark’s ill luck? The scholar has to be asked, how large should a trader’s deposit be to survive Demark’s experiments, being ranked “refined techniques” and “strictly scientific approaches”, “cardinally different from others’ ”, less scientific ones, as I can guess.

The opus author will again fall soothing upon You: “One oughtn’t to expect herein outlined technical methods and indicators to offer profits and not to entail losses. Forex trading involves both: a profit opportunity and a loss risk. Preceding results are in no way guarantor of perspective success”. Further on, with greater cynicism and hypocrisy: “Should You be seeking a trading panacea, put this book aside: it’s in no way helpful to You”. Well, what’s the use of buying the book at such price?

Demark, by the way, gives the interpretation of his book’s objective to be “fuelling readers with methodology, encouraging one to systematize various TA techniques”. Great! I thought, it were a new discovery of Forex regularities to be delivered to traders. But it looks, like the scholar has plunged himself into systematizing earlier 50%-correct discoveries without taking any pertinent responsibility.

Hence, no avail to purchase the book and to litter one’s brain therewith, since Forex rates enjoy 50/50 up-down travel chance, even under the probability theory.

Thus, not too much understandable, where Demark’s scientific approach manifestation is to be searched, whereas the essence of things is incomprehensible once the reversal results come evident after an earth day only with no reference to his book.

John G. Murphy, another Forex scholar, outlines in the preface, that the “less art – more science” slogan is specially topical now that greater entities begin taking interest in this area.

As to myself, I have truly appreciated the preface writer Murphy joke as being filled with subtleness and tristesse.

Now, pertaining to science-to-practice correlation and theoretical conclusions implementation… How many scholars of those hundreds referred hereto resort to live examples while teaching long and short entries and close ups thereof? Very few of them:

- B. Williams “Trading Chaos”, “New aspects of Exchange Trading”;

- J. Murphy “TA of Futures Markets”

- S. Nisson “Japanese candlesticks. Financial markets graphic analysis”

- A. Elder “Basics of Exchange Trading”

- L. Williams. “Long-Term Secrets of Short Term Trade”

- Ch. Lebo, D. Lukas “Computer Analysis of Futures Markets”

- D. Swagger “TA, Comprehensive Course”
… and hardly few more.

Disappointing enough, but it is fairly lucid why 90% of beginners mutate into failures and abandon Forex.

By way of getting familiar with the SYSTEM, one will suddenly realize how smooth are Forex artifacts to get apparent one from another, e.g.: M5 Elliott waves constituting M15 wave I, this wave being but H1 and H4 corrective within certain Fibonacci levels.

One gets clear vision of what all the Forex-traded currencies are doing now and what they are going to in half a day. Williams did have grounds to claim, he needs several tens of minutes to analyze tens of charts. He DID have understood Forex as a system, though he has offered but the system components portrayal in his books. Depending on where utilized, the Alligator may appear to be responsible either for a profit or for a loss. But Williams has not even taken pains to present a differentiation between the Alligator being a profit assistant and the Alligator being a loss bringer.

The above is conditioned by the Williams Alligator being a great TA tool, but pertaining to a certain AREA OF Forex only. Other areas require other TA facilities. I will do my best to teach You to effect proper estimation of long-term and super short-term entries being appropriate for the moment.

I will also dwell on why it is not difficult to add extra 11 trend-killing bullets to the 5 of Williams’s; why it is easy to build up a currency travel vector daily projection. The whole thing is minimized to several criteria, being constantly effective irrespective of currency intentions. As a result, You will not have to monthly pay quacking mountebanks’ impotent daily forecasts.

But now let’s move on with Forex scientific criteria. Stagnation and dogmatism are alternative attributes of Forex folios’ anti-scientific substance. Have You ever come across a criticism of any Forex-oriented theory? I mean a weighed objective criticism, assigning credits to the author for elaborating a revolutionary theory, which has by now got obsolete due to a number of objective reasons and thus requires improvement, i.e. replacement.

For instance, I have found nothing of the kind in relation to the 100-year old Dow theory, originally incorporative of benign principles. But life goes on, and there seems no reason to head-hammer life-rectified Dow’s postulates:

- a long-term trend (primary, basic as per Dow) being several years long. Curious enough to spot a currency pair to stand open for so a long period;

- a medium-term trend (intermediate tendency) being several months long. As per Dow, the MTT is opposite (corrective) to the basic trend;

- a short-term trend, not exceeding 3 weeks and incarnating minor fluctuations within the intermediate tendency;

- intraday trend being per-Dow midget ripples, not worth paying attention to.

You are now welcome to take a close look at the figures below, as of October, 2004 through March, 2005.

Fig.11. EURUSD D1 chart. (See Note below)

Fig.12. GBPUSD D1 chart. (See Note below)

CONCLUSION: This theory of Dow’s might be deemed effective rather till late 80s, than presently.

Nowadays, with 3 pips spread, 50-200 pips pullbacks and trends not exceeding a week, the Dow theory

MUST BE recognized as being despairingly obsolete and trader-hostile, since, under a 3-pip spread, it is, certainly, top of recklessness and stupidity to stand open for months or years. A different trend classification is to be called for, meeting updated Forex environment standards.

I guess there’s no need to continue being proponent of the fact that presently Forex theories are obsolete in their majority, with this sort of methodology being requisite for analysts rather than for traders. As opposed, I hold it more appropriate to forward my entry and exit technique to traders willing to conduct successful and loss-safe trading.

By way of prompting: please, attempt to view Forex as a system inclusive of components being familiar to You: Elliott waves, reversal patterns, Fibonacci levels, MAs, ally currencies, etc. All the above staff is integrally intercommunicative rather than existing individually, the way, each organ is in the human body.

I DID have understood it, and I realized the way B. Williams is able to analyze tens of currencies within tens of minutes in order to execute correct long and short entries.

It may look surprising to someone, but a qualified doctor is capable to diagnose Your body hazards after a short examination and talking to You. The doctor has actually examined but several organs, but his knowledge system has empowered him to jump at wider conclusions, as Williams at Forex.

GROSS TOTAL. Steady and regular Forex profits are real opportunity. There is hardly another area which enables one to knock up a fortune without having rich aged relatives abroad, without having to join one’s native country’s throughout corruptible authorities or else. If You have discovered THAT ANOTHER area, You are free to get engaged therein. Then, Forex is not likely to be requisite.


Full text of this article and pictures of examples

If you wish to be trained on Trading System Masterforex-V - one of new and most effective techniques of trade on Forex in the world visit

Vyacheslav Vasilevich (Masterforex-V)
Professional Trader from 2000 year.
President of Masterforex-V Trading Academy.
Author of Books:
1. Trade secrets by a professional trader or what B. Williams, A. Elder and J. Schwager not told about Forex to traders.
2. Technical analyses in Trading System MasterForex-V.
3. Entry and Exit Points at Forex Market

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Friday, December 4, 2009

What are Your Options Regarding Forex Options Brokers?

Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors who prefer to place orders through a live forex option broker.

The trading account minimums required by different forex option brokers vary from a few thousand dollars to over fifty thousand dollars. Also, forex option brokers may require investors to trade forex options contracts having minimum notional values (contract sizes) up to $500,000. Last, but not least, certain types of forex option contracts can be entered into and exited at any time while other types of forex option contracts lock you in until expiration or settlement. Depending on the type of forex option contract you enter into, you might get stuck the wrong way with an option contract that you can not trade out of. Before trading, investors should inquire with their forex option brokers about initial trading account minimums, required contract size minimums and contract liquidity.

There are a number of different forex option trading products offered to investors by forex option brokers. We believe it is extremely important for investors to understand the distinctly different risk characteristics of each of the forex option trading products mentioned below that are offered by firms that broker forex options.

Plain Vanilla Forex Options Broker - Plain vanilla options generally refer to standard put and call option contracts traded through an exchange (however, in the case of forex option trading, plain vanilla options would refer to the standard, generic option contracts that are traded through an over-the-counter (OTC) forex dealer or clearinghouse). In simplest terms, vanilla forex options would be defined as the buying or selling of a standard forex call option contract or forex put option contract.

There are only a few forex option broker/dealers who offer plain vanilla forex options online with real-time streaming quotes 24 hours a day. Most forex option brokers and banks only broker forex options via telephone. Vanilla forex options for major currencies have good liquidity and you can easily enter the market long or short, or exit the market any time day or night.

Vanilla forex option contracts can be used in combination with each other and/or with spot forex contracts to form a basic strategy such as writing a covered call, or much more complex forex trading strategies such as butterflies, strangles, ratio spreads, synthetics, etc. Also, plain vanilla options are often the basis of forex option trading strategies known as exotic options.

Exotic Forex Options Broker - First, it is important to note that there a couple of different forex definitions for "exotic" and we don't want anyone getting confused. The first definition of a forex "exotic" refers to any individual currency that is less broadly traded than the major currencies. The second forex definition for "exotic" is the one we refer to on this website - a forex option contract (trading strategy) that is a derivative of a standard vanilla forex option contract.

To understand what makes an exotic forex option "exotic," you must first understand what makes a forex option "non-vanilla." Plain vanilla forex options have a definitive expiration structure, payout structure and payout amount. Exotic forex option contracts may have a change in one or all of the above features of a vanilla forex option. It is important to note that exotic options, since they are often tailored to a specific's investor's needs by an exotic forex options broker, are generally not very liquid, if at all.

Exotic forex options are generally traded by commercial and institutional investors rather than retail forex traders, so we won't spend too much time covering exotic forex options brokers. Examples of exotic forex options would include Asian options (average price options or "APO's"), barrier options (payout depends on whether or not the underlying reaches a certain price level or not), baskets (payout depends on more than one currency or a "basket" of currencies), binary options (the payout is cash-or-nothing if underlying does not reach strike price), lookback options (payout is based on maximum or minimum price reached during life of the contract), compound options (options on options with multiple strikes and exercise dates), spread options, chooser options, packages and so on. Exotic options can be tailored to a specific trader's needs, therefore, exotic options contract types change and evolve over time to suit those ever-changing needs.

Since exotic forex options contracts are usually specifically tailored to an individual investor, most of the exotic options business in transacted over the telephone through forex option brokers. There are, however, a handful of forex option brokers who offer "if touched" forex options or "single payment" forex options contracts online whereby an investor can specify an amount he or she is willing to risk in exchange for a specified payout amount if the underlying price reaches a certain strike price (price level). These transactions offered by legitimate online forex brokers can be considered a type of "exotic" option. However, we have noticed that the premiums charged for these types of contracts can be higher than plain vanilla option contracts with similar strike prices and you can not sell out of the option position once you have purchased this type of option - you can only attempt to offset the position with a separate risk management strategy. As a trade-off for getting to choose the dollar amount you want to risk and the payout you wish to receive, you pay a premium and sacrifice liquidity. We would encourage investors to compare premiums before investing in these kinds of options and also make sure the brokerage firm is reputable.

Again, it is fairly easy and liquid to enter into an exotic forex option contract but it is important to note that depending on the type of exotic option contract, there may be little to no liquidity at all if you wanted to exit the position.

Firms Offering Forex Option "Betting" - A number of new firms have popped up over the last year offering forex "betting." Though some may be legitimate, a number of these firms are either off-shore entities or located in some other remote location. We generally do not consider these to be forex brokerage firms. Many do not appear to be regulated by any government agency and we strongly suggest investors perform due diligence before investing with any forex betting firms. Invest at your own risk with these firms.

John Nobile - Senior Account Executive
CFOS/FX - Online Forex Spot and Options Brokerage

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Monday, November 30, 2009

Forex Trading Courses - Your Route to a Lucrative Second Income in 30 Minutes a Day Or Less!

Many traders like to use Forex robots and think they can win at Forex, by making no effort but these automated systems all lose money. Because of this more traders than ever, understand they have to learn skills and that's where a Forex trading course can help you win.

The advantage of the best currency trading courses are:

They teach you skills and in currency trading, you have to learn the basics and know what your doing, as 95% of all traders lose. The good news is anyone can learn to trade with the right Forex education.

The best Forex courses, are written by experienced traders and they can give you all the information you need, to get you trading confidently and making big profits, after just a few weeks.

You will find that most courses offer a money back guarantee, so if you find that Forex trading is simply not for you, you get you money back, so you are learning to trade risk free.

You will normally get proven tools, you can combine into a simple Forex trading strategy which you can apply and make big profits with. You also the logic behind the system, so you have confidence in what your doing.

A new service, the best courses provide is to demonstrate how the strategy works each day in real time. This enables you can see how much money it makes and also trade yourself to build your confidence. Nothing beats trading in real time and when you have seen the strategy work, you can start applying it yourself.

Most courses provide unlimited email support from traders, so they know what it's like to be in the trenches and can advice you on all aspects of trading.

At a cost of between $50 - $150 these Forex trading courses can pay for themselves with just one good trade and if you are making a regular income it's a fair deal!

So discover the best Forex trading courses and get on the road to a lucrative second income in around 30 minutes a day and with no risk attached, you can learn risk free.


For free 2 x trading Pdf's, with 50 of pages of essential Forex info and more on how to Learn Currency trading the right way and enjopy currency trading success and get a RISK FREE Forex Trading Course visit our website.

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Saturday, November 28, 2009

Trading Forex - Dollar and Inflation

For a number of years US economy has enjoyed a relatively low inflation rate. According to official statements, annualized inflation over last decade or so has been in very low single digits. Depending on the source and method of calculation, the rate has been about 2. That is despite massive infusion of funds into the economy in the form of very low interest rates.

That course of action has been long supported by US financial authorities, the FED. For years the central bank has been concerned with growth, doing everything it could to fight economic slow down and stagnation. It was done in the form of cutting interest rates and seemingly endless liquidity increase. Let's not forget about lending hand in order to bail out large financial institutions from the masses their questionable practises created. In fact, month after month we have been treated to speeches that inflation is under control and not a threat. Until now.

Published inflation figures pertain to the so called "core inflation", compilation of prices on consumer goods, which excludes food and energy. Runaway cost increases in oil/gas and main food commodities are finally being reflected in the number, as their effects trickle down to other areas of consumer goods. Some of the newly released figures are stunning-soaring energy costs pushed inflation up in May at the fastest pace in six months, according to data released Friday by the U.S. Labor Department. Food prices had the biggest one-month leap in 18 years in April. That's something.

Higher energy and commodity prices also fuel inflation pressures in other parts of the world. They are being acutely felt in Asia in particular, as the region continues to function as a commodity importer/manufactured goods exporter. One way countries can offset such inflationary pressures is to allow their currencies to appreciate more rapidly. All of a sudden, within a couple of weeks, the once neglected subject of inflation has catapulted itself onto front pages.

As of this writing in mid June, finance ministers of the of the Group of Eight industrialized countries (G-8) are holding a meeting in Osaka, Japan. Main subject have been inflation causing soaring oil and food prices, which are emerging as serious threats to global economic growth. The ministers are vowing to work together to address the problem. They urged oil-producing nations to increase production to help stabilize the spike in oil prices, and called for aid to address a looming food crisis in developing nations.

In response, Saudi Arabia pledged to increase its daily output by additional 500,000 barrels a day. This is surely to stretch their capacity to an absolute maximum, but in opinions of many this decision should calm energy markets, which, by the way, do not have a shortage of supplies. The recent run up of crude oil price to new high of about $140, is likely to be the extent of the rally for some time.

Where does it leave the dollar? There is no one certain answer, but her is one very possible scenario. Inflationary pressures are likely to cause FED to halt its rate cutting policy, maybe even to start gradual rate increases. That is always appealing to Forex traders. Falling oil prices should also benefit the dollar, as record energy costs have been vilified as the single biggest force behind USD weakness (rightly or not). And one more thing, Treasury Secretary Paulson warned earlier this week that he isn't ruling out intervening in currency markets to stabilize the currency.

So, what is the relationship between US Dollar and inflation? Under current market conditions and in light of most recent fundamental and technical development USD might just get a much needed bust from the much dreaded inflation. This relationship is, however, fluid and unstable. Unchecked, inflationary forces can do just the opposite some time down the road- start another Dollar slide.

Mike P. Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on Spectrum Forex LLC offers numerous services to individual traders. With questions and comments e-mail him at

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Thursday, November 26, 2009

Forex Trading Courses - How to Find the Best to Lead You a Triple Digit Income

Forex trading courses can teach you proven strategies and skills which you can learn in real time with experienced traders so you get on the road to making money fast risk free. Let's take a look at how the best ones can help you and what they contain.

While most traders simply buy a cheap piece of software and think there going to win with no effort it should be pretty obvious that, in a market where 95% of traders lose you need to make an effort to win. One of the good things about Forex trading though is anyone can learn it with the right education and guidance.

While you can do your own research and build your own strategy, you can get one in the form of a Forex trend following course and as most come with a 100% money back guarantee, so you have everything to gain and nothing to lose.

You will get strategies and an explanation of how they work, so you can have confidence in them and this will enable you to apply them with discipline. Furthermore, the vendor will normally show you how successful the strategies are in daily classrooms and also, provide unlimited email support and assistance as you learn.

Forex trading courses normally cost around $100 - $200 so there affordable and one good trade can pay for the cost - but they can set you up for a great second income for life and as there risk free, more and more, traders are using them, to help them achieve Forex trading success quickly.


For free 2 x trading Pdf's, with 50 of pages of essential Forex info and the best PROVEN Successful Forex Trading Strategies visit our website at:

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Tuesday, November 24, 2009


Start Playing Rock Guitar - 5 Easy Steps To Get You Rocking Out

If you love rock music, and have always wanted to be able to play some of your favourite songs on the guitar, but maybe you've thought it was too difficult to get started, then here are 5 steps to help get you going.

Step 1 - Choose Your Guitar & Amp

Of course, you can learn to play the guitar using any type of guitar, acoustic (classical/folk) or electric.

However, if you particularly want to start playing rock guitar, then an electric guitar is probably the best choice. The main reason for this is that guitarists in most rock bands use electric guitars, so from the start it's going to sound more like the music you want to play (after all, you're not looking to play 'Greensleeves', but more 'Green Day').

Another reason, which some people may debate, but I think that it's just easier on the fingers to start learning on an electric guitar, and that's less likely to put you off when you're just beginning.

As for the amplifier or 'amp', to start off, you don't need a huge stack, or a particularly powerful amp. A small practice amp (e.g. 10-20 Watts) can be sufficient to begin with. Most of these will have at least 2 different modes - 'clean' and 'distortion' (or this second one may be called 'drive'). The distortion mode is really the one you want to use, as this is used to some degree by many rock bands, and is the definitive 'rock guitar' sound. Even if at this point you don't know how to play anything, just plug the guitar in, select the distortion channel, and strum the open strings - chances are it sounds 'rock like' already!

Many music stores sell starter packages which include an electric guitar, practice amp and case, which can be great value when starting out.

Step 2 - Tune It!

An out of tune instrument can make even the best guitarist sound awful. Get into the habit of always tuning the guitar before you start playing or practising. There are many different ways of tuning the guitar, but the most common one is called 'Standard Tuning', and this is the one used by most rock guitarists.

On this diagram of the guitar neck:

E -||--|--|--|--|--|-- (highest-sounding)

B -||--|--|--|--|-X|--

G -||--|--|--|-X|--|--

D -||--|--|--|--|-X|--

A -||--|--|--|--|-X|--

E -||--|--|--|--|-X|-- (lowest-sounding)

The lowest-sounding strings are shown at the bottom, and the highest-sounding at the top. The diagram shows the names of the notes for each string in Standard Tuning. Don't worry if you don't know the names of the notes, or can't read music. The most important thing to begin with, is just to tune the guitar strings relative to each other. Let's say we'll tune relative to the highest E string (top one in the diagram).

Play the B string on the 5th fret (X in the diagram) and at the same time play the open E string. In Standard tuning, these should be the same note, so if they don't sound the same, adjust the B string tuning until they match. Then carry on with the other pairs of strings. In each case you play the 5th fret on the lower string, against the sound of the open upper string. The only exception is the G string, where you play the 4th fret note - see the X's in the diagram.

Step 3 - The Power Chord

Okay, now the guitar is in tune (at least with itself), so you can start learning some rock chords. Most people start off by learning the open shape chords (C, D, G chords, etc), then move on to barre and other more complicated chord patterns. This is a perfectly acceptable way to learn, but to play most songs, you usually need at least 3 different chords, and the most frustrating thing is trying to switch your fingers from one chord shape to another. With some practise, this becomes quick and easy, but there is another way to approach it, which only involves learning one pattern.

That pattern is the 'Power Chord' pattern, and this can be used to play a large proportion of rock songs out there. Let's look at the G power chord pattern:

E -||--|--|--|--|--|-- (highest-sounding)

B -||--|--|--|--|--|--

G -||--|--|--|--|--|--

D -||--|--|--|--|5X|--

A -||--|--|--|--|4X|--

E -||--|--|1X|--|--|-- (lowest-sounding)

In this diagram, the X's show where to put your fingers (of your left hand usually) on the fretboard, and the number shows which finger to use where. So in this case, the first finger will go on the lowest string at the 3rd fret, then the 4th finger at the 5th fret, then finally the 5th finger at the 5th fret.

When forming this pattern, try to make each finger rest just behind the fret marker, and not be right in the middle, as this makes the notes sound more clearly (with less 'buzzing'). Try strumming the bottom 3 strings with your right hand, while holding down this pattern on the fretboard with your left. That is a G power chord. If your guitar strings are in tune as in step 2, and you have a distortion sound, then that should really sound like a rock chord.

Step 4 - Shift It Around

Now for the best bit - to play some songs right away you can use this same pattern, but play different chords with it. So, keeping your fingers in this pattern (1st, 4th and 5th fingers), try sliding it down 2 frets to play an F chord:

E -||--|--|--|--|--|-- (highest-sounding)

B -||--|--|--|--|--|--

G -||--|--|--|--|--|--

D -||--|--|5X|--|--|--

A -||--|--|4X|--|--|--

E -||1X|--|--|--|--|-- (lowest-sounding)

it's the same 'L' shape pattern as in Step 3, but you've just shifted it further down the fretboard. This is now an F power chord.

And now for another chord:

E -||--|--|--|--|--|-- (highest-sounding)

B -||--|--|--|--|--|--

G -||--|--|--|--|5X|--

D -||--|--|--|--|4X|--

A -||--|--|1X|--|--|--

E -||--|--|--|--|--|-- (lowest-sounding)

In this one, we've taken the original power chord from Step 3, and just shifted it across to start on the next string. This is now a C power chord. When strumming this one, try not to sound the bottom E string.

In all cases here, the pattern stays exactly the same, we've just changed which fret the 1st finger starts at, and on which string (E or A). Since the frets on the guitar aren't evenly spaced, you'll have to adjust your fingers slightly when moving it up or down.

This diagram shows where you have to start with your 1st finger to play different power chords:

E -||--|--|--|--|--|--|-- (highest-sounding)

B -||--|--|--|--|--|--|--

G -||--|--|--|--|--|--|--

D -||--|--|--|--|--|--|--

A -||Bb|-B|-C|C#|-D|Eb|-E

E -||-F|F#|-G|G#|-A|Bb|-B (lowest-sounding)

so, for example, if you wanted to play a D chord rather than a C as we did above, then just start with your 1st finger on the A string at the 5th fret.

With this chart, and the chords to your favourite rock song, you can use the one pattern to play it all the way through!

Step 5 - Practice!

It will still take some practice so that you can form the pattern shown above, and move it around easily between frets. However, for now, there's only one pattern to learn, and you can concentrate on making the notes sound clearly by holding them down firmly behind the frets with your left hand on the fretboard, and trying to strum only the strings you're holding down.

Once you've got the hang of this shape, and can play it easily at different frets, then you should be able to play a few different rock songs. From there, the sky is the limit, there are many more techniques and things to learn as you progress with your guitar playing.

I know that this technique works well, as recently my 11-year old son came to me, and wanted to learn to play a song on the guitar called 'Teenage Kicks'. He hadn't really played guitar at all until then. I showed him the power chord shapes here, and within half an hour, he was playing the basics of this song, much to his delight!

Chris Davies is a guitarist with many years experience. If you have found these tips useful, checkout this site now: and see info about the best online guitar lessons.

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Tuesday, November 10, 2009

Forex Trading Software - Which One To Choose?

Forex Trading Software and Forex Trading Systems are programs designed by currency trading experts, which interpret data from the marketplace and favour low risk options which will have a greater chance in resulting in profit. There has been some bad press, specifically on forex trading software, and there are certainly some scams to be aware of out there. This article will describe some quality forex trading products, which will more than likely see you achieve success in your currency trading sooner.

Forex Killer

This product is in my mind the leader of all forex trading software options. Forex Killer was created by Andreas Kirchberger- a veteran currency trader who used to work for Deutsche Bank. This product really performs, and has had quite a lot of promotion- even on CNN. The software itself is extremely user friendly, with minimal options - which is ideal for those lacking in currency trading experience. It is highly compatible- works with all trading platforms in all countries. You can set up a demo account, and experiment with the software without having to risk any of your own capital. At the core of the software are extremely accurate algorithms which predict market activity with great results.

Profitable Trend Forex System

Profitable trend forex system is the product of veteran trader John Chen. John has developed and utilised this system before releasing it to the public. Some users have been able to consistently generate 83-114-157 pips a week. The key principles of John's currency trading system is identifying the trend in the marketplace, and joining this trend with precise timing. This product would be better suited to people with some trading experience.

Forex Trading Machine

This product is the creation of Avi Frister, a veteran forex trader of over 11 years experience. The system is based on Price Driven Forex Trading (PDFT) - which is a specific style of trading. At the core of the system is understanding key trends and when to exploit them for profit. Avi is extremely upfront in explaining his methods on his website.

5EMas Forex System

This forex trading system is the creation of Adam Burgoyne. The system is completely unique, and claims to never have been used by anyone else in currency trading. The key principles of the system are identifying a significant trend while it is beginning, and utilising low risk exit strategies to increase the likelihood of profit.


It is well worth doing the research if you are seeking the best forex trading software and forex trading systems. Make sure the product you are considering is reputable- preferably some form of award, and a non-conditional money back guarantee. There are quite a few scams out there to be aware of, so be careful. Utilising quality forex trading software and systems will more than likely see you succeed faster in your currency trading ventures.

Interested in forex trading software and forex trading systems which will help skyrocket your trading profits? Please visit:

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Friday, November 6, 2009



Traders are the only group that doesn't have an external control having only themselves to report to. A margin agreement, conducted during establishing Forex account includes the statement that any trades which the broker considers too risky may be interfered by him.

Traders no longer have to struggle with convoluted graphs and impossible calculations. Instead they can enjoy, learn, practice and trade in the exciting world of Forex. Traders seek price fluctuations and investors seek return on investment. Both require a calculated risk that is minimized by knowledge.

Trader can acquire and improve trading skills. This Forex Training Software is an excellent tool for studying trading in a fast and convenient way, to gain and improve trading skills without risking real.

Traders can limit their losses by specifying a stop-loss rate for each open trade they own. If you're familiar with futures trading, then much of the terminology and trading tools are similar.

Of all the Forex traders in the world only 5%can make it as traders. This statistics is shocking but if you have been reading up on the Forex markets, you will understand that there are some people who can make it and many that fail. In this article, we will cover 3 dumb mistakes that are often made by most traders.

They are - over-reliance, forget to set a stop-loss limit and do not follow the current news. The majority of Forex traders work full time jobs and use their additional incomes to participate in Forex trading. As a result of so many people having hectic schedules and being involved in Forex trading, a new type of software has been recently developed.

The company's flagship service, GAIN Capital, is used by institutional investors, professional money managers and experienced day traders from over 140 countries. GAIN Capital Group is pleased to offer individual investors access to its award-winning trading platform and professional-level services via Or are you an experienced trader needing to test strategies in a risk-free environment? Whatever your reason, an FXGame account is a risk-free alternative.

FXOpen provide opportunity for individuals and private companies to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions. - Offers you FXOpen currency trading service that includes professional services in free streaming forex, forex broker, online forex trading, forex exchange, mini forex, mini forex trading platform.

Best Regards

Paulo Silva

Wednesday, November 4, 2009

The Ins And Outs Of An Online Forex Trading Platform

If you are as confused as I was when I started trading currency on the foreign exchange (forex), than this article will do wonders for you. From facts on the forex to the best online forex trading platform, your questions will be answered.

If you are as confused as I was when I started trading currency on the foreign exchange (forex), than this article will do wonders for you. From facts on the forex to the best online forex trading platform, your questions will be answered.

Ok, let's go over some of the basics. What is the forex? Well, forex, the word is simply a combination of the phrase FOReign Exchange. That's it, you're ready to trade. Oh, you want more? The forex market is an electronic market where the currency of different countries are traded.

In actuality, you are trading the value of currency A vs. the value of currency B. Although you can combine any two currencies to form a currency pair, there are four currency pairs that are considered the major pairs.

They are: EUR/USD (Euro/Dollar), GBP/USD (Pound/Dollar), USD/JPY (Dollar/Yen), USD/CHF (Dollar/Franc). You can spend your entire currency trading career trading just one of those pairs.

Now for some interesting facts about the foreign exchange (forex) market. It is over 30 times as large as any other financial market. Remember this fact, we will be touching on it again later. The forex market is open 24 hours a day 5 days a week. This is a great feature as it allows you to partake in the business of currency trading regardless of where in the world you are.

Back to the size of the forex for a second. Due to this attribute, the foreign exchange market provides currency traders with opportunities that do not exist on any other trading tool. Although this article is not being written to get into too much detail about this, I'll give you an example. There is no slippage on Stop orders during regular trading hours. If you are not sure what this means, I strongly suggest you spend some time looking it up. This is a quality that, by itself, separates the forex from all other markets.

So, now we get to the nuts and bolts of this article. What is an online forex trading platform?

Truth is, whether you are doing your own trading, following some form of forex trading alert or any other sort of forex trading system you are going to need an online forex trading platform.

Regardless of which forex broker you choose, you will be provided with some form of online forex trading platform. Usually, the trading platform will be the same whether you are trading mini contracts or full contracts.

What should an online forex trading platform provide?

Firstly, you should be able to see the value of your account at a quick glance. Also, you should be able to see how much money you have in the market and in what currency pair at any given time.

Secondly, the value of all currency pairs of interest to you should be right at your fingertips. This means that you should be able to define which currency pairs you want to have access to and you should be able to choose the look and feel of the quotes.

Thirdly, an order entering system should be easy to find and easy to use so that you can make quick reactions when you see an opportunity present itself. When you see a 20 pip reward and a 10 pip risk trade, you don't want to be fumbling around with your mouse or keyboard, you just want to trade.

In a very small nutshell, that's it. Those are the three things that an online forex trading platform needs to offer. If you have those than currency trading on the foreign exchange (forex) is only a few clicks away.

Now go make some money. Good trading to you all.

Online Forex Trading Platform | Forex Trading Alert [] | Forex Trading System

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Friday, October 30, 2009

Forex Auto Trading System - Expert Advice For When You're Away

In the time I've spent reflecting on the market, I've learned a lot of things. I've tried every hot new strategy that gets hyped every couple months or so, and I've had some decent success with most of them. But the funny thing, they all work fine for one single reason - they're mostly all the same!

One thing I've come to realize is that no matter complex the terminology they use, no matter how many new ideas they try to sell me, the truth of the matter is that there are only so many smart ways to approach a financial market. The most successful trading strategies are well-known and frequently documented, but are constantly being repackaged and sold as something new to those who don't know any better.

However, there is one swiftly developing sector in trading that provides something fresh - auto-trading. A lot of misconceptions are out there regarding auto-trading. For instance, many feel that brokers are losing money and will find a way to doom these computerized trading systems. But this isn't really true; brokers will always make money with the spread. If you read between the lines though, you'll see the important lesson to learn here is that for these rumors to abound, auto-trading must indeed be a successful way to trade.

Metatrader 4 is the most popular platform. It's free for anyone to use, which also means that the programming language may a little difficult for the layman to learn - but it's not below the curve that much. Also, connectivity can be an issue, since losing your internet service will shut down your trading. It's definitely worth checking out though, since getting access to their community forums provides some great investing insights.

Tradestation also has auto-execution services, as well as hosting in case your computer goes down. They do charge monthly fees, but Tradestation was awarded Barron's Best Online Broker award in March 2008, and they offer a free 20-minute demo CD if you go to their website and call the toll-free number listed.

You'll frequently be able to combine programs to optimize your strategies; Amibroker is a great program you can use with both Metatrader 4 and Tradestation. It has a historical database that's quite helpful for backtesting and developing your market strategies.

The simple fact is that these days, auto-trading is the best way to manage your investing. It's a technological world, and technological solutions are the only way to keep up.

If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.

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Monday, October 19, 2009

How to Find Forex Trading Courses

If you are reading this article, then you're probably interested in learning how to trade the foreign exchange market, but don't know where to begin. There are many people and organizations claiming to have all the answers for successful forex trading. The best way to begin learning forex is to register for one of the many forex trading courses available and try them for yourself. Before you begin, it's important that you register for a forex trading course that will give you the information you need to succeed.

Watch out for those claiming that the forex training they provide is guaranteed to make you rich. You need to focus on learning everything you can about forex trading and the foreign exchange market itself, before you even think about profits. Profits are important, but you can't get to those profits without a proper forex trading education. If you're truly interested in making a profit trading in foreign currency, you must learn about the market, its fluctuations, as well as the risk and rewards.

Before you sign up for a forex trading course, consider how much knowledge you already have about foreign exchange. If you have basic knowledge but feel that you need more to succeed in the foreign exchange market, you may want to consider a forex educational course that you can take online for the additional information. With some background information on foreign currency, you may even want to consider signing up for a free forex training course.

If, on the other hand, you have no idea how to calculate U.S. dollars (USD) to euros (EUR), there are many beginners' forex trading courses available. Many of these forex training classes are available online for convenience and at local learning annexes for a more in-depth study of trading foreign currency.

Since you're looking into currency trading to supplement your income, it's also important that you don't fall prey to overpriced forex trading courses. While you should expect to pay some fee for these courses, you shouldn't over extend yourself learning how to make money. If your forex training guide charges too much, move on to the next teacher. With so much information, available, learning forex is as simple as purchasing a book or signing up for a class.

There isn't just one forex educator from whom you need to learn; find a forex training class that promises to teach you the basics at a price that you can afford. Since the forex market isn't bound to one single location, such as the New York Stock Exchange, you can find classes online that provide you with free demos. If your budget doesn't allow for expensive forex trading courses, a little research will yield plenty of results for free forex training.

The best way to begin learning forex is to sign up for a training course. If you decide to sign up for a free forex training course, supplement what you learn with books on foreign currency, watch the market for changes, and learn everything you can through other inexpensive means. You don't have to be a millionaire to find success in forex trading; all you need are the proper tools for success. Learning forex and changing your financial future all begin with the right forex training.

Andrew Daigle is the owner and author of many successful websites including ForexBoost, a free Forex educational site to learn Forex trading strategies and partners with Forex Confidential for live trading sessions and their very profitable forex trading signals service.

Monday, September 28, 2009

15 Essential Rules in Understanding a Forex Day Trading System by Walter Madenford

If you’re looking to trade forex on a full-time basis, you first need to know what it’s all about and understand the basics of day-trading. There’s a key difference between a forex day trader and a stock market day trader. When using a forex day trading system, we’re not going to be profiting on an intraday basis. We are going to be profiting from longer-term trades.

And because of this, the need to be in front of your computer for hours at a time is removed; you can make your trades and continue about your day. It’s important to understand that the markets change drastically throughout the day, and is never the same from day to day, therefore no single trading strategy will work every time. Let’s go over some rules to be successful in trading:

1. Firstly, you’ll need to understand how the market works and to get a feel for it. This includes simple terminology, as well as understanding what is required to trade, such as a trading platform, brokers, leverage, charting, etc.

2. The second thing you’ll need to become familiar with is the stop loss. This is a very important element that helps to protect your profits and minimize your losses.

3. Start your education… start investing in books and courses that teach you how to trade. Paying a small price now is way better than paying a big one later.

Now, once you’ve become familiar with the basics, and want to try your first trade, here are some tips to help you profitably trade.

4. You must be patient. Don’t expect to be an expert trader overnight. It doesn’t matter how many books you’ve read or traders you’ve watched, you won’t become an instant expert.

5. Before doing live money trades, always use a practice demo account to hone your trading skills. When you practice your strategy on a virtual account first, you get a feel for what trading feels like.

6. When you start real live money trading, don’t be scared by the thought that you might lose money. Fear will kill your profits and cause you to get emotionally involved â€" both of which are bad. Stop losses are the best way to minimize your losses.

7. When you profit a large amount, stop trading for the day. Don’t become overconfident and gamble it away to achieve even bigger profits. Leave it for another day.

8. In the course of time, the markets sometime don’t perform as you might have expected. When this happens, it’s often the best move to not trade at all.

9. When you become more experienced, you might try and rely on gut feeling. Always remember that you have at your disposal tools to help minimize risk, such as relying on your strategy. Don’t ever think of trading like gambling.

10. Record your day trading results â€" this helps you figure out what what’s working and what’s not, and in the end, you become more effective with your trading.

11. Don’t get emotionally involved in trades. This often happens to beginners, but be sure to stay emotionally-detached from your trades.

12. If you can, observe good trades. Watch how and when they buy or sell. Like the stock market day traders, most good day traders will buy if there’s bad news and sell if there’s good news.

13. Forex trading is a very dynamic investment vehicle that changes a lot. Always try being prepared to change your strategy and be flexible.

14. When you’re deciding to invest, be sure not spread yourself too thin. Most beginner traders will get involved too deep and too quickly. Be sure you’ll be able to keep on top of your trades.

15. And finally, the most important rule. When you decide to trade forex, be sure to only use a small percentage of your bankroll to invest. Losing 4 trades in a row is possible, but 10 in a row is nearly impossible. Limit your trades to 5% of your bankroll.

With lots of patience and practice, you too can become a successful day trader. As your trading experience grows, so will your profits.

Saturday, September 26, 2009

Finding the Right Forex Trading Courses Online

here is a lot of money to be made and lost on the foreign exchange market and information is the name of the game. The fastest and cheapest way to learn the ropes is by finding forex trading courses online. First off, there are many places where you can get a complete forex education for free. is a great example of a website that not only gives a complex education, but gives it up without charge. The internet is full of bad information, so make sure that you research your options fully before committing to a certain program. The only major caveat is to be warey of a course that frequently advocates paying for their trading platform or investing money with their system.

Part of investing in the forex market is coming up with your own system, and having the best possible information is the best way to do this. Forex trading courses online not only provide an easy way to sort through information, but they are often accompanied by forums, where you can ask questions of anyone who frequents the site. This allows you unparalelled access to people who are trying to make it in the foreign exchange market. Imagine you have a question; with a normal course, you would have to page through a book or ask your teacher. With online courses you can just search the site or quickly ask a question in the forums.

Many forex trading courses online do not even require you to register before you start taking their course. However, if you really want to get started building your system, you do have to register to use the forums. Online courses also have interactive charting software which allows you to experiment with different charting techniques with a virtually unlimited library. With a paper course you have to print out all your charts or your course may only give you a limited number. Make sure when you select your online course that you check independent reviews. There is plenty of information on the internet, make sure you can find a good teacher.

Billy Jay is an experienced forex trader and has been trading for 3 years with great results. Forex Online Trading / Currency Exchange Online Trading is an excellent way to make full time income at your home. For further information, you can go to Great Forex Systems.