Three Forex Day Trading Strategies

Day trading is a term that is reserved for Forex traders who book their profits and complete the transaction within the day. This is a strategy that is similar to investors buying stocks and selling them by the end of the day and not holding on to them for longer duration’s. Often there is little movement in the values of currencies in normal circumstances. However, because of the high leverage provided by the brokers, intra-day trading can be profitable even with little movements of currencies. Despite this fact, many of the investors who choose day trading are disappointed because of losses they accumulate in their trading account.

There are many different strategies that can be used by an investor who is interested in intra-day trading at the Forex markets. Out of these, three common ones that are also easy to understand and implement are described below.

Scalping

This is an intra-day technique that lasts a few minutes where the investor exits from a trade as soon as it turns profitable. This is a strategy that aims to give the investor small profits. With the slightest of movement of the price of a currency, an investor can book a profit and exit from the trade. Skimming allows traders to make small profits of 5-10 pips with every trade but they amount to a significant sum of money by the end of the day. Do make sure that you have a broker with small brokerage commissions otherwise you may lose money using this strategy as the brokerage commissions may exceed the profits made per trade (if your capital amount is small).

Momentum

This is another intra-day trading technique that is good for beginners who want to book their profits every day. […]

By |November 25th, 2013|Forex Trading 101|

Forex Mutant Reviews

Forex Mutant Reviews

By: forex infinity pro

Forex-Mutant was made by Lee, an avid Fx trader. Lee Campbell has prepared an variety of Fx selling systems over long times. Through the years, Lee realized|realised|saw|recognized|understood|cleared} how important a role emotion played in getting successful in that trading market – as fear and greed are the superior reasons why someones lose every matter.

His goal was to prepare a Forex System that would be full automated signals to reject the emotional factor in trading. Lee Campbell says that Forex Mutant software is the most high-tech trading software he has ever created as it improves on each of his early products. You only instal it and go it on. Every subject is automatic signals generated for you practicing professional and essential guidelines.

Forex Mutant software Characteristics:

1- It is not fx trading automated system, but forex trading software program used to get fx trading signals.
2- Very simple to employ (copy/paste signals).
3- Forex Mutant software is based on a very strong/complicated trading system and gives simple buy and sell orders for users to follow.
4- Forex Mutant trading software trade Each Major Currency Pairs.
5- Forex Mutant software trade on Each time frames.
6- The Forex Mutant software signals are not based on hedging method.
7- Fx Mutant goes with any account size.
8- Fx Mutant have a stop loss, with fixed amount that may be changed|modified|altered|adjusted|edited} manually by users. you may apply the defaults stop loss or apply different stop-loss level (example: based on resistance and support).
9- Forex Mutant trading software may be applied with any other fx trading software system.
10- You don’t need to get any trading experience to use Forex Mutant software, all you need is to know the way to place fx trading orders.

There […]

By |November 22nd, 2013|Forex Trading Tips|

The Psychology of Forex Trading

Forex trading has, in the last few years, become a very popular mode of investment as it in some respects may be easier and possibly more profitable than stock markets due to the great volatility of the forex markets when compared to the sideward trending stock markets in the last few years.  Most newbie traders think that it is a cat and mouse game where they have to guess right all the time. Of course Forex trading is all about making profits with the relative movements of currencies in a pair but emotions and feelings play a strong part in this kind of trading with a vast majority of transactions done at the spur of the moment. This is why the psychology of the trader is considered so important in Forex trading.

Forex trading is certainly not what it seems to be to an outsider. This is why the perception of an investor changes drastically after entering into a trade with his own real money. This is because, when a beginner tries his hands on a demo account, he/she is casual in his approach and it looks like it is very easy to make money. Contrast this to when his/her own money is a stake, the trader then becomes cautious and starts to think a lot if the transaction would be profitable or loss making. It is after the first live trade that the investor becomes fearful and indecisive as he/she does not know when to get out of the particular trade.

The psychology of Forex trading affects the decision making ability of the investor and their judgment. The two emotions that become dominant in such a scenario are greed and fear. Forex trading becomes disastrous […]

By |November 18th, 2013|Forex Trading 101|

Forex Robot Software – What to Look for?

Forex Robot Software – What to Look for?

By: Forex Robot Arena

The Secret Behind Forex Robots

Forex robot software is making waves.  They are providing numerous benefits to traders who are venturing into the automated trading arena.  What is making Forex robots so successful?  Forex robots are also known as Expert Advisors or EAs.  This is a fitting monicker since they are acting in the capacity of a true expert, advising on which trades to make and subsequently executing those trades automatically.

As an expert advisor, Forex robots provide advice and information about when to execute a forex trade.  The expert advisor will interpret and identify the trading signals that are derived from technically analyzing the Forex market.

What do they do?

• Forex robots provides indicators when a trader would enter or exit a deal.  Some traders would like to be notified first before the robot enters a deal and the trader would manually enter the deal or exit from it.  But the EA could be programmed so that it could automatically enter a transaction.  The trader might also be responsible for providing the structure from where certain trade information and signals would be determined, but most expert advisors come with preloaded settings that can be run right ‘out of the box.’

• Aside from entering or exiting a transaction, the forex robot can also be programmed to perform trade tasks like scaling in and out of positions, trailing stops, risk management and identifying market conditions that suggest it would be better to not take a trade.

• Forex robots automatically apply your money management strategy to their program and incorporate it in the trades that they do.  Money management is all about determining how much of your capital you are willing […]

By |November 15th, 2013|Forex Trading Tips|

How to Make Money Trading Forex

The amount of liquidity on the Forex markets have become larger than even the stock markets of the world today, surpassing $5 trillion a day mark in turnover. But unlike stock markets, trading currencies has only become easy today with the availability of a Forex trading platform and high speed internet. You can trade in currencies 24X7 as the world is divided into many time zones allowing you to make money even at odd hours of the day by choosing what Forex currency pairs you wish to trade. Despite these new developments, more than 90% of investors lose money consistently in Forex markets. Here are some simple ways to maximize your chances of making profits in the Forex markets.

The basic principle behind Forex markets is to speculate in the prices of pairs of currencies. You buy a currency in anticipation of movement of its price in comparison to another currency. When this price changes takes place, you sell the currency to book your profit. It is your anticipation of movement of the price of a currency that allows you to make money. You do not buy a product or service when you trade in the currency market but you place your confidence in the currency of the economy of a country.

It is seen that investors are correct in predicting the movement of a pair of currency more than 50% of the time. Despite this fact, more than 90% of the investors lose money consistently. This is because traders lose big money when they lose while they book small profits when they are right in their trade. This implies that investors should control their emotions and cut their losses early. Cut the trade as soon […]

By |November 11th, 2013|Forex Trading 101|

Currency Forex Market Trading – Trading on the Forex Market For Profit

Currency Forex Market Trading – Trading on the Forex Market For Profit
By: Forex Trading Advisor

Currency Forex Market Trading

Forex market was initially opened for the banks, commercial institutions and rich borrowers only, since 1997 it is opened for the rampant public. Market deals amidst the trade of currencies. The price levels of these kinds of currencies kept on affecting and people earn viable profits. Currency Forex Market Trading

Many people are paying for Forex robots for their assistance. Here we are probable to discuss few points which how Forex robots, want Forex Megadroid are helping traders in making nice profits. Unlike any other market, Forex market is open 24 hours; it demands continuous monitoring and analysis, which is very difficult for a trader. One can not concentrate on trading for long hours as it is quite tiresome. Currency Forex Market Trading

To overcome this problem, either you have to limit your trade only in peak hours for his selected currency pair or you can have a Forex trading robot for your assistance. Forex software can help you in collecting data, analyzing past market trends, predicting future market drift and finally making decision based on all this. Human errors can be avoided by using these Forex software. Forex trading software keep all the trading business in order, which reduces the stress of trader and you can concentrate on your work. Currency Forex Market Trading

Many Forex trading robots are available in the market, offering good qualities; you can choose whatever suits your needs. BUT try to buy an authentic product, like Forex Megadroid, which is the creation of two trading experts and presenting good results. There are systems which are not up to the mark, but majority of Forex […]

By |November 8th, 2013|Forex Trading 101|

How to Identify Forex Trends and Make Money from it

Forex trading is all about speculating about the movements of pairs of currencies. However, investors who place their bets based upon emotions or hunch feelings are the ones who lament afterwards. Yes, the prices of a currency relative to another currency are dependent upon many factors and it is hard to predict the movement of a currency. However, if you know how to identify and interpret a trend, you have won half the battle as there is a high chance that prices for the currency pair may move again in the same manner as what happened in the past.  If you can identify a particular trend by following the movements of two currencies relative to each other, you can easily predict what is going to happen and earn a profit through your trades more consistently.

You will know the direction in which the pair of currencies will move if you have correctly identified a trend. If the trend is moving upwards implying the price of one of the currencies is increasing, buying the other one will allow you to book more profits. On the other hand, selling the other currency is the way to go if the currency price is going downwards. There are many different patterns that are made by the movements of the pairs of currencies. Even if it has been an uptrend, there can be a series of peaks and higher valleys giving you a clue as to what is going to happen in the next few days. Similarly, in a downtrend, you will encounter smaller peaks and valleys. In such a situation, it is better to sell off the currency pair after booking a profit.

Your goal as an investor is to […]

By |November 4th, 2013|Forex Trading 101|

Forex Market Charts – The Importance of Studying a Forex Chart

Forex Market Charts – The Importance of Studying a Forex Chart

By: Forex Trading Advisor

Forex Market Charts

Trading in global exchange (forex) markets involves having the necessary knowledge to understand movements in many currency markets worldwide. Forex trade, that is basically the buying and selling of currencies, like the forex market, is very technical. This is the reason for the call of studying forex charts. Forex Market Charts

A forex chart is the primary tool used by forex traders to help them see patterns and abnormalities in the currency markets. This patterns or trends are used to forecast possible future movements in the market. Forex traders use forex charts as technical tools if they want to gain success in the market. Forex Market Charts

Some of the forex charts that are commonly used are:

1. Candlestick chart – shows the opening, closing, highs, and lows of forex prices or currency rates, and represents them as a kind of candlestick with a wick at each end.

2. Bar chart – shows currency movement and therefore currency price

3. Point and Figure chart – essentially like the bar chart but Xs and Os are used to show changes in price direction

4. Line chart – shows the exchange rate of a given pair of currencies in a given period of time. Forex Market Charts

Traders can study a forex chart in the Internet as well as business news in print or on television. Forex charts are easily understandable and are similar to charts used for trading in the stock market. If used properly in technical analysis, you will find that using the charts is a time-efficient way to earn profits in the forex market. Forex traders should understand that currency rates and prices are always […]

By |November 1st, 2013|Forex Trading 101|

How to Control Your Emotions While Trading Currencies

There can be no dispute that Forex trading is increasing in popularity in all parts of the world. The easy manner in which a common man can start investing his money in foreign currencies (over the internet) has made it very popular. You can sit in the comfort of your home or office at any time of the day or night and do Forex trading. This fact has led millions of people to choose this platform as their mode of investment. Forex trading has very high income potential, as one can hope to start trading with as little as $100 and hope to book a profit of $10000. This is due to the fact that currency trading (unlike other forms of trading) allows for high leverage so enjoys high risk and high returns.

Despite the technology surrounding currency trading improving, nearly 95% of the traders lose money consistently and only a handful of investors are actually able to earn profits. This is because of the inability of the investors to have control over their emotions. Known as the psychology of trading, the emotions of fear, hope and greed dictate the decision making power of most investors and results in disaster if the investor is unable to control his emotions when trading. Only the smart and mature  traders, who are able to control their emotions, are able to make money from currency markets.

If fear is your dominant emotion, you will be inclined to close a trade even before you reach the stop loss mark. This implies that you are never able to earn more potential upside to a trade. This is because you are scared of losing and remain fearful all the time. Hopeful investors continue to […]

By |October 28th, 2013|Forex Trading Tips|

Forex Korea – Housewife Earns Extra Income by Trading Forex Part Time

Forex Korea – Housewife Earns Extra Income by Trading Forex Part Time
By: Forex Trading Advisor | Posted: Jan 24, 2010

Forex Korea

In Japan and Korea, there are millions of housewives who are trading foreign exchange currency online portion time and making pitiful daily profits to earn additional income. In fact, there are an estimated a good amount as opposed to 40 million educated forex traders are trading forex online for living. Forex Korea

In a recession time like now, less money made from the Husband caused less money given to the Housewife as well. When many companies are retrenching and pay cutting, the income of the Husband, who is the only one who make money, would be definitely affected. Therefore, the Husband might also provide less and less monthly allowances to the housewife for food and other daily necessities. With all the cleaning and nursery jobs for the beloved kids, it is not easy to get a part time job and earn extra income for the family. Forex Korea

What else can a desperate housewife do? Eventually, full time housewives could trade forex online part time and make extra income like USD50 to USD100 per day for food, groceries and other necessities. What does a housewife need? All they need is just a computer with internet access at home. Then, they need to learn a proven and tested forex trading strategies and start trading. Forex Korea

Somehow, some housewives may have other concerns, like they have no time to look at the forex market! The Forex market is running 24 hours from Monday to Friday only. Forex Traders can always enjoy lifestyle and quality time with their families during weekends. A part time forex trader will only need […]

By |October 25th, 2013|Forex Trading 101|