Overview Of Complete Currency Trader Software Package

September 3, 2013 by  
Filed under Currency

Interested in the Complete Currency Trader? Should you be? Is this a real opportunity to finally succeed as a Forex trader, or just another detour on your way to trading success? These are some of the questions you probably have, and that probably have not been answered by people with no real knowledge of the Complete Currency Trader training and software.

As you might expect from the name, the Complete Currency Trader Software Package gives you EVERYTHING you need to learn to trade currency correctly and make real money from your efforts. The name says “complete”, and it is complete. If this is your first venture into Forex and ONLY looked at this course, you would be prepared to succeed where most people only dare to dream. Take real money out of the Forex market as a successful currency trader.


Complete Currency Trader

James Edward, creator of Complete Currency Trader, is not some fly-by-night trading system developer who gives you a set of indicators and sends you on your way to face the live markets with real money. He is a serious, pro trader who shares all his knowledge to give you the best chance at success. There is so much more to being a consistent, successful trader than just learning a trading strategy, and James Edward teaches you all of it.

In my many years of studying Forex, I have never come across a course that is so comprehensive. He does not just touch on these topics, but provides the necessary information so you can master trading and act like a real trader. If you have tried and failed to trade Forex before, it is probably because you were missing essential information. This is not going to happen with Complete Currency Trader.

The Complete Currency Trader Software Package starts off with excellent training to build a rock solid trading foundation. You need to know how to act like a successful trader, how to treat your trading like a business and how to plan for your success. Basically, you need to know what to expect, and how to make those expectations a reality. Most people miss this part, but not James Edward.

The software is unlike anything you’ve come across before. This is far more that a combination of indicators and a set of rules. The software gives you a definite edge when entering the currency market by accurately measuring the strength and weakness of each currency so you can pair strong currencies with weak ones for the highest probability of success. To see a video interview with James Edward and the software at work, check out my full review of Complete Currency Trader.

7 Tips for Trading Foreign Currency

June 10, 2013 by  
Filed under Forex Trading

Both experienced and newbie forex traders are always looking for trading tips. If you’re looking for tips like the ones on a horse race, I can’t help you! I can’t predict which horse will win the first race, and I can’t predict exactly which of your forex trade will be winners. You’ll find lots more great information about forex trading at ForexInfoPlace.com

What I can do, however, is provide you with some basic forex trading tips to help keep you on track to make money trading foreign currencies.

1. Trade, don’t gamble. Trading is based on research and knowledge, whether yours or a trusted advisor’s. If you risk trading foreign currencies on hunches or without proper knowledge and research, you are not trading, but just gambling. Save your gambling for the horses or the gaming tables, not your forex trading.

2. Use a demo account to practice trading before using real money. To do this, use your broker’s “demo account” facilities. With a demo account you can trade as if it were real, making and losing money just as in the real forex world. No money actually enters into the picture, which means you can make all the mistakes you need to in order to learn. My advice to newbies: trade on a demo account for at least three months before you go live with real money. Not only that, but analyze your demo wins and losses carefully, learn from your mistakes so that you won’t repeat them with real cash.

3. Trade in the time frame that suitsĀ  your style. Short time frames like 15 minutes makes for a lot of excitement and many traders love that. I do strongly advise new traders to look for longer trading timeframes though, as that gives you more time to think before you react.

4. As a beginner, go with the trend. With experience, you might want to experiment by bucking the trend, and you might be successful. But don’t take any chances this way until you are really experienced — and maybe not even then. Learn more about trends here.

5. Study the charts of periods longer than your chosen trading time frame. This gives you a bigger picture and gives you a better chance to see and accurately identify trends. For example, if you are trading in an hourly time frame, you want to look at daily and weekly price movements for a more realistic picture. The forex market is subject to occasional blips that can trip you up if you’re not ready for them. Watching how things are unfolding in longer time frames will help you see these glitches coming and take appropriate action.

6. Manage your money conservatively. That generally means risking only about 2 – 3% of your total trading account on one trade. Understand that you WILL lose on many trades, that’s just the nature of forex trading. Each time you lose, you need to make twice that much on the next trade just to stay even! Keep your risk low so that a few losses in a row won’t wipe out your account.

7. Ignore your emotions when it comes to forex trading. Many new forex traders, and even more experienced ones, have been wiped out because they let their emotions influence their trades. Make your trades based on analysis, both technical and fundamental, not on panic or elation. Never trade on a hunch (see tip #1).

The world of forex is exciting, but it’s also a dangerous space. I recommend ongoing education in all aspects for as long as you are trading forex. One great place to start is with this free 7-part mini-course

 

is eToro forex trading company is trustworthy?

April 29, 2011 by  
Filed under Questions

I have a demo account with them. But I am afraid to deposit real money until I find out about their legitimacy. Have anyone in Asia successfully withdrawn money from them? I am planning to start trade with $5000 which I earned through stock market trading in my country. So I hope I will get some genuine answers here?

Thank you all in advance.

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