Forex Made Easy: Everything You Need To Know To Get Started In Forex Trading

May 16, 2012 by  
Filed under Forex Trading

Forex – you have definitely heard about it, you’ve seen it being mentioned on the financial channel or even seen it being mentioned by prim and proper newscasters on the BBC or Bloomberg, but do you actually have any idea what it is all about? Sure, you might have a vague idea about it being something to do with currency. But how does the entire system work? How is it you can make money from money you know nothing about? This article is to educate you, a sort of Forex made easy; telling you what Forex trading is all about.

The first thing you need to know is that the Forex market deals strictly in currencies. Typically, people who trade in Forex buy a large amount of another countries currency in exchange for paying for another currencies quantity. Confusing? Yes it can be. Basically it is the buying and selling of different forms of money and you make money when one currency gets stronger or when grows weaker. The market will always try to balance itself out when one currency gets weaker, so you can actually make money both ways. A weak currency would mean that other currencies may be appreciating, and it is this balancing-out of the market that traders can leverage on. Here the U.S. dollar is the normal benchmark but arguably, some have the opinion that in today’s markets, it should be the Euro or even the British Sterling Pound.

Being the hugest and most liquid financial market in today’s world, it sees the participation of banks, a large amount of commercial companies, hedge funds, investing firms, brokers, trading firms and even other smaller players. Multi national companies who have a lot to play with and the rest by smaller firms, brokers and individuals take up most of the action. The distinct uniqueness of the Forex market when compared to other markets is the fact that it is a true 24 hour market, accessible at any time, liquid beyond measure, nomadic in nature and there are a plethora of factors that can affect exchange rates around the world – and the way you can make or lose money. If you haven’t already noticed, the top players, the top currency traders in the market happen to be banks – banks deal with money and it is only natural that they trade in it as well.

For a better understanding of how Forex trading works, let’s take an example. You buy let’s say 100,000 dollars of the U.S dollar by selling the British pound at a particular price. The reason for this is because you know through your media monitoring and watching the U.S market that they are coming out of a recession and re-development is in the works. Trading is back at full swing and employment numbers are running high. This means demands go up and the elasticity of the market demands that prices go up and trading intensifies. Part of your money will go to the U.S. or it might be spread out in different companies (depending on where the U.S. has stakes in) and at the end of the day, the dollar gets stronger – when you bought it in its weaker stage. Voila. You have made money.

 

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex

October 26, 2010 by  
Filed under Books

Product Description
An accessible guide to trading the fast-moving foreign exchange market The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field. Written by forex expert Kathy Lien, The Little Book of Currency … More >>

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex

Day Trading the Forex and Futures Markets with the Hedge Funds and Insitutions!

September 16, 2010 by  
Filed under Forex review


Live S&P500, Euro, British Pound, Aussi and Pound/Yen Day Trading Room! How would you like to day trade the S&P500 futures, Euro, British Pound and the Aussi with an over 5-1 reward to risk ratio everday? With over 20 years of trading experience, we have now put together the ultimate day trading plan with a great reward to risk. Our average S&P500 trade is 4-6 points with a hard 1.5 stop. Our currency trades average between 40-60 ticks/pips depending if you trade the CME futures or Forex with a hard stop of less that 10 ticks per trade. We have only a few setups that we look for everyday and you will know exactly when to excute and how to manage your reward to risk. If you would like me to send you over some recent charts of my setups in my live day trading room or if you are interested in the indicators that I sell for Tradestation or Ninja, email me at daytradingfutures1@yahoo.com and tell me which markets you trade and I’ll show you how to take your trading to the next level. Below is the Paypal link for our $197.00 offer for my live day trading room discount or come in for the free 3 day trial and pay the regular rate when you decide to sign up. You can also check out our website at www.daytradingthefutures.com and www.symmetryindicators.com. You will see this is a 60% discount for a limited time only. Place this link in your web browser to get locked in to the 60% offer and we will get you all the training materials on our institutional setups and get you in. Ill see

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