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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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 ====>http://www.candlewave.com Go ahead! Click on me!

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CURRENCY TRADER by Paulo Silva

CURRENCY TRADER By Paulo Silva

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 FOREX.com. 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. FXOpen.com - 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

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.

Imagine doubling your money every week with no or little risk! To discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click the link below to learn HOW you will begin compounding your capital towards your first Million Dollars at the easy corporate money program.

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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.