tag:blogger.com,1999:blog-31645541863700788812024-02-19T23:10:21.117-08:00Forex Trading System | Forex Strategy | FreeLearn Forex Trading System, Strategy, Forex Training, Guide, and Tutorial.Forex Trading Guidehttp://www.blogger.com/profile/05950955410441545795noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3164554186370078881.post-27022581123991127432007-09-06T10:17:00.000-07:002007-09-06T10:21:05.737-07:00Forex Trading System | Forex Strategy | Free<span style="color: rgb(51, 51, 51);font-family:arial;font-size:100%;" ><strong><span style="color: rgb(102, 0, 204);font-size:130%;" > Why you should consider forex (Currency) trading as your primary business?<br /></span></strong></span><ul style="font-family:arial;"><li style="font-family:arial;">In forex trading, you decide <strong>when you want to work, how long you want to work, and how much money you want to make </strong>(You are the Boss)</li><li face="arial">Forex trading requires <strong>limited</strong> equity and the yield could be <strong>unlimited</strong></li><li style="font-family: arial;">You can <strong>make money anywhere</strong> (as long as you are connected to internet) and <strong>anytime</strong> (forex market opens 24 hours a day, 5 days a week)</li><li style="font-family: arial;">You can <strong>maximize your profit</strong> and <strong>limit your loss</strong>.</li><li><span style="font-family:arial;">You will have a </span><strong style="font-family: arial;">big</strong><span style="font-family:arial;"> probability to become </span><strong style="font-family: arial;">financially freedom</strong><span style="font-family:arial;"> by trading forex. All you need to do is read this website for forex tutorial and guide, find your own profitable </span><strong style="font-family: arial;">trading system</strong><span style="font-family:arial;"> (or use ours) and repeat making profit by your own trading system.</span><br /></li></ul><span style="font-style: italic;font-family:arial;font-size:100%;" >(I found a successful forex trader whose learned forex business by accident, recently he made a lot of money by trading forex, about tens of thousand dollars a month ! and people starting to beg him to manage their money). And this could happen to you ! Start learning forex and make money now !<br /></span><span style="font-weight: bold; color: rgb(102, 0, 204);font-family:arial;font-size:130%;" ><br />What do you need to start trading forex ?<br /></span><ul face="arial"><li style="font-family: arial;"><span style="font-size:100%;">A Personal Computer (and PDA, optional and preferable)</span></li><li face="arial"><span style="font-size:100%;">Stable and high speed internet connection</span></li><li style="font-family: arial;"><span style="font-size:100%;">Limited equity (for example $1000)</span></li><li><span style=";font-family:arial;font-size:100%;" >Reliable, reputable and trusted online forex broker</span><br /></li></ul><div style="text-align: justify; font-family: arial;">Only these ? Absolutely ! You dont need an office, otherwise you can start your business from home or anywhere else. Even when you are travelling, you still can make money. As simple as that!<br /><br /></div><br /><span style="color: rgb(102, 0, 204);font-family:arial;font-size:130%;" ><strong> What is Forex Trading ?</strong></span><br /><br /><span style="font-family:arial;">The </span><strong style="font-family: arial;">foreign exchange</strong><span style="font-family:arial;"> (currency or </span><strong style="font-family: arial;">forex</strong><span style="font-family:arial;"> or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.</span><br /><br /><span style="font-family:arial;">The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks</span><br /><br /><br /><span style="color: rgb(102, 0, 204);font-family:arial;font-size:130%;" ><strong> What is traded in Forex Trading ?</strong></span><br /><br /><span style="font-family:arial;">The answer is </span><strong style="font-family: arial;">Currency</strong><span style="font-family:arial;">. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates. Dont get it ? No problem, I will explain this very soon</span><br /><br /><br /><span style="color: rgb(102, 0, 204);font-family:arial;font-size:130%;" ><strong> When is the time to trade forex ?</strong></span><br /><br /><span style="font-family:arial;">Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo.</span><br /><span style="font-family:arial;">Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session,</span><br /><span style="font-family:arial;">excluding weekends</span><br /><br /><span style="font-family:arial;">The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by </span><span style="font-family:arial;">singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. </span><span style="font-family:arial;">New york forex markets open at 8:00. European markets close at 12:00 and australian markets start </span><span style="font-family:arial;">again at 18:00.</span><br /><br /><br /><span style="color: rgb(51, 51, 51);font-family:arial;font-size:100%;" ><strong><span style="color: rgb(102, 0, 204);font-size:130%;" > What are the benefits of forex trading</span></strong></span><span style="color: rgb(51, 51, 51);font-family:arial;font-size:100%;" ><strong></strong></span><br /><ul style="font-family: arial;"><li><strong>Two way opportunities</strong>, that means you can earn profit from upward or downward price movement. For example if you buy (go long) and the price moving upward, you will be in profit. and the otherway, if you if you sell (go short) and the price moving downward, you will be in profit</li><li><strong>Extreme liquidity of the market</strong>. Forex is the most liquid market in the world, and that means you can buy or sell anytime you want</li><li><strong>Long trading hours</strong>, Forex allows you to trade 24 hours a day and 5 days a week (except on weekends).</li><li><strong>Leverage to amplify your profit</strong>, you can use a relative small quantity to trade bigger amount (usually from 1:50 up to 1:500) for example you have $100, without leverage your profit is only $0.01 but with 1:100 leverage your profit will be $1. (leverage makes your profit 100 times bigger, this also applies to loss).</li><li><strong>Free of comission, Relative Low Spread Cost</strong>, usually online forex brokers offer you comission free trading, no brokerage fee, no exchange fee, and smaller trading transaction cost.</li><li><strong>Flexible Trading Lots</strong>, you can trade rather standard lot (100K), mini lot (10K), or even micro lot (1K)</li><li><strong>Automated / Robot Trading</strong>, some trading platform such as Metatrader enables automated trading</li></ul><span style="color: rgb(51, 51, 51);font-family:arial;font-size:100%;" ><strong></strong></span><br /><span style="color: rgb(102, 0, 204);font-family:arial;font-size:130%;" ><strong>Factors affecting forex trading</strong></span><br /><br /><span style="font-family:arial;">Although exchange rates are affected by many factors, in the end, currency prices are a result of supply and demand forces. </span><span style="font-family:arial;">Supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. </span><span style="font-family:arial;">No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.</span><br /><br /><span style="font-family:arial;">Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several</span><span style="font-family:arial;">. These elements generally fall into three categories:</span><br /><ul style="font-family: arial;"><li><span style="font-weight: bold; color: rgb(153, 51, 153);">Economic factors</span></li></ul><span style="font-family:arial;">These include economic policy, disseminated by government agencies and central banks, economic conditions, generallyrevealed through economic reports, and other economic indicators.</span><br /><br /><span style="font-family:arial;">Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a</span><br /><span style="font-family:arial;">government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).</span><br /><ul style="text-align: justify;font-family:arial;"><li><span style="color: rgb(153, 51, 153); font-weight: bold;">Political conditions</span></li></ul><span style="font-family:arial;">Internal, regional, and international political conditions and events can have a profound effect on currency markets. For instance, political upheaval and instability can have a negative impact on a nation's economy. The rise of a political faction that is perceived to be fiscally responsible can have the opposite effect. Also, events in one country in a region may spur positive or negative interest in a neighboring country and, in the process, affect its currency.</span><br /><ul style="text-align: justify;font-family:arial;"><li><span style="font-weight: bold; color: rgb(153, 51, 153);">Market psychology</span></li></ul><span style="font-family:arial;">Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:<br /></span><strong style="font-family: arial;"></strong><strong style="font-family: arial;"></strong><br /><ol style="text-align: justify; font-family: arial;"><li><strong>Long-term trends</strong>: Currency markets often move in visible long-term trends. Although currencies do not have an annual growing season like physical commodities, business cycles do make themselves felt. Cycle analysis looks at longer-term price trends that may rise from economic or political trends.</li><li><strong>"Buy the rumor, sell the fact"</strong>: This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being "oversold" or "overbought". To buy the rumor or sell the fact can also be an example of the cognitive bias known as anchoring, when investors focus too much on the relevance of outside events to currency prices.</li><li><strong>Economic numbers</strong>: While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect - the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. "What to watch" can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.</li><li><strong>Technical trading considerations</strong>: As in other markets, the accumulated price movements in a currency pair such as EUR/USD can form patterns that may be recognized and utilized by traders for the purpose of entering and exiting the market, leading to short-term fluctuations in price. Many traders study price charts in order to identify such pattern</li></ol><div style="text-align: center;"><a style="font-family: arial;" href="http://www.learnforexpro.com/"><span style="color: rgb(51, 51, 255);font-size:130%;" ><span style="font-weight: bold;">[CLICK HERE TO START LEARNING FOREX]</span></span></a><br /><br /></div>Forex Trading Guidehttp://www.blogger.com/profile/05950955410441545795noreply@blogger.com