Thirty Days of FOREX Trading: Trades, Tactics, and Techniques (Wiley Trading) (Hardcover)
Jan/100
Whether you’re a full-time trader looking to make a living or a part-time trader looking to make some extra money, the foreign exchange (forex) market has what you desire–the potential to make sizeable profits and 24/7 accessibility. But to make it in today’s forex market, you need more than a firm understanding of the tools and techniques of this discipline. You need the guidance of someone who has participated, and prevailed, in this type of fast-paced environment. Ragh (more…)
Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) (Hardcover)
Dec/090
Review
“…a leap forward in sophistication…” (The Technical Analyst, June 2006) “…well researched ideas…Lien’s expertise really shines through…” (Shares, August 2006)
Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this (more…)
Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss (Wiley Trading) (Hardcover)
Dec/090
Selective Forex Trading skillfully outlines author Don Snellgrove’s S90/Crossover: an independently verified technical indicator that has provided traders with the ability to achieve over 100 consecutive Forex trades without a single loss. Whether you’re a seasoned professional or just getting started, this approach—which is based on historical resistance and support points within a trading range—can assist you in entering and exiting positions for the greatest profits p (more…)
The Forex Options Course: A Self-Study Guide to Trading Currency Options (Wiley Trading) (Paperback)
Dec/090
The Forex Options Course is a practical, hands-on guide to understanding and trading forex options. Designed to build a trader’s knowledge base in a step-by-step manner, this reliable resource moves from the straightforward to the more sophisticated with discussions of everything from basic plain vanilla calls and puts to intriguing first-generation exotic binary options. Written in a straightforward and accessible style, The Forex Options Course will help you develop the skills (more…)
Forex Trading Risk
Dec/090
Many investors have been attracted to the possibility of making fast money from trading forex. The bad news is that most of them end up losing their investment. Perhaps up to 95% of novice forex traders lose money trading forex.
It is a fair question to ask why. Here are six good reasons.
1. Many traders are fooled by the descriptions of forex trading on forex dealers websites into thinking that trading forex is easy and that anyone with a little extra money can do it. While that may be true trading forex and trading forex at a profit are two different things.
2. Since they are mislead into thinking that trading forex is easy many traders do not prepare themselves very well for what is actually an activity that requires a lot of skill sets and a disciplined approach to trading.
3. Investors try to trade with too little capital. While you are able to open online forex trading accounts for a little as $250 dollars you will have to be really lucky and make money on your first few trades if you actually start trading even mini contracts at that capitalization level.
4. While it is the amount of leverage offered by dealing firms that makes forex trading exciting, the use of all of the leverage offered means that even a small mistake will wipe out your account. At even 100 x 1 leverage a market move of only 1% against your position will completely empty your account.
5. Most novice traders over trade. While it is true that most forex dealers do not charge commissions on trades they make their money on the difference between the bid and asked price. While that difference may only be two or three pips it means that every trade starts out as a losing trade as the spread incurred must be overcome in order to move into profit.
6. The 24 hour a day Sunday evening (in the US time zone) until late Friday afternoon constant trading activity in the forex market is touted as a big benefit. If you never have to sleep this may be true. However, for most traders the always open market leads to a lot of stress and over trading.
However, the bad news about forex trading is cast aside by many traders who imagine themselves to be the next George Soros. A smart and gutsy trader, Soros once made over a billion dollars in just a few days time by shorting the British Pound just before it collapsed and then increasing the size of his position all the way down. Forex trading is one of the few legal speculative activities that offers the opportunity to quickly turn a small amount of money into a fortune by traders who learn to trade well.
Who knows? The good news about forex trading is that you might be able to master the necessary trading skills and go on to make your fortune. Forex Trading Machines may even be the difference between profit and loss.
Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies (Paperback)
Dec/090
Review
Like any other market, foreign-currency trading requires a plan, writes Glenellis in this yeoman’s guide, which is by turns breathless, admonitory, encouraging, cautionary and, ultimately, nearly impossible to turn away from. The author starts with $1,000.00–not a drop in the bucket, but also unlikely to sink the family ship if one gets torpedoed. He does caution, “There is considerable exposure to risk in any foreign exchange transaction.” Glenellis seeks to minimize th (more…)
WP Autoblog Software
Forex Essentials in 15 Trades: The Global-View.com Guide to Successful Currency Trading (Wiley Trading) (Hardcover)
Dec/090
Traders are constantly learning their craft. Those who do not share information, discuss tactics and review prior trades are doomed for failure. Global-View.com knows this. It is the leading destination for Forex traders looking to learn and discuss trading. With over 33,000 registered users from 125 countries, Global-View.com exposes its users to an incredible base of knowledge. In this book, the authors dissect each of 15 chosen trades, using the material to expose some (more…)
Are Automatic Forex Trading Programs For You?
Dec/090
From Forex get-rich-quick schemes, to Forex training, to Forex educational seminars, Forex signals, Forex forums, and Forex automatic software programs, the fraud that surrounds the Forex trading market can be daunting. Not only that, but trading in the Forex market can result in losing more than your original principal invested! Afterall, Forex trading involves substantial risk of loss and is not suitable for all investors.
However, if you are a fan of Forex trading, and if you have not tried the new Forex robot autopilot trading programs, these programs might be extremely useful. These systems purportedly pick the trades for you! Automatic Forex software was developed by mathematicians, computer programmers, and financial professionals. Their goal was to automate the research and narrow the choices of probable profitable trades down for you, so you make better decisions. These programs will also remove much of the fatal emotion out of your trading decisions.
Forex autopilot systems were developed to make trading in the Forex currency markets more efficient for the trader.
Afterall, with these programs you can literally be trading while you sleep. This is partly due to the fact that there is no regulatory body like the SEC overseeing the Forex markets, nor is there central foreign exchange.
Paper Trading
Paper Trading is the process of using no real money and following a “imaginary” trade, or set of trades, in an attempt to learn from the process. Paper Trading is an excellent way for you to see if Forex trading programs are for you. After you have paper traded for a while, and feel like you have a good idea of what you are doing, then you should invest real money. However, the real money should be in very small quantities so as to further test your skills prior to making bigger money trades.
In conclusion, we believe that today’s state-of-the-art trading software, like FAP Turbo, and Forex AutoPilot, have an efficient combination of simplicity of use, coupled with technical analysis, and strategy trading features. For a seasoned Forex trader, these programs could be used to trade more efficiently, and perhaps more profitably. Remember that whether you are trading manually, or with a Forex trading software program, there is no substitute for common sense and experience. You still need to familiarize yourself with the underlying fundamentals of Forex trading, or no system is going to help you make profits. Otherwise, these new programs are worth investigating if you are a Forex trader.
The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments (Paperback)
Dec/090
In recent years many smart investors have exited the stock market and other investment areas because they have essentially lost control of their investments. They have relied on the advice and skill of their brokers, bankers, and financial advisors. Many investment and retirement accounts have dwindled. Fortunately, there is a wonderful but little-understood alternative: currency trading and investing. As with many other business segments, the Internet and technology have opened (more…)
FOREX Trading Using Fibonacci and Elliott Wave
Dec/090
About the Actor
Todd Gordon is the Senior Technical Strategist for FOREX.com, author of the widely read Strategy of the Day research report, and Trader for GAIN Capital Asset Management. He is a frequent contributor to financial news channels such as Bloomberg, BNN, and CNBC, and has given seminars in regions around the world including the Far East, the Middle East, Eastern Europe, and the US. He is also a frequent contributor to publications such as Technical Analysis of Stocks (more…)