Getting started in Forex Trading can be a daunting prospect especially if your only previous financial experience was just balancing your check book. You could start with reading all there is in the library about money markets and Forex trading and then move on to opening an account with a Forex Broker and start trading in the hope that all that reading up has sunk in and you'll be trading like the best of them. Or you can dive straight in with using a live account and keep asking the brokerage firm for help and hope they are going to give you sound advice and explain how it works so you don't lose all your money. Or you could download a free ebook to find out if you want to go ahead with trading on the Forex markets and then open a Forex demo account to help you get acquainted with how it all works in practice without risking the shirt off your back!
There are a lot of Forex Demo Accounts out there to choose from and you do have to do a little research sometimes to find the right Forex demo account to use as each one varies in complexity and the help that is available. Another variable is how long you can operate your Forex demo account. Most Forex demo accounts last for 30 days but others can be six weeks, six months and just a few offer unlimited time. Some Forex brokers will allow you to extend your account time without making you open a Live account while others will require you to change from a demo account to a Live Forex trading account, which is a daunting prospect indeed if you are still trying to grasp the essentials of Forex trading.
The amount of personal information required to open accounts varies, but, if you are serious about trading Forex and not treating it as an online game, then this shouldn't matter, but be careful to check on site security as some will require your Social Security number for tax purposes.
There are a just couple of other things to consider when choosing a Forex demo account and these are; size of the account, i.e practice money they give you, and whether they offer real time or close to real time rates. I guess that all sounds a bit complicated but I can assure you that it really is not.
Using a Forex demo account is a GREAT way to dip your toe in the waters of Forex trading without completely taking the plunge or even worse, taking a bath! With the right Forex demo account you could quickly grasp the essentials of Forex trading and gain confidence enough to open a live account and start trading for real and the best thing is that they are FREE!
So shop around and see which Forex demo accounts you find suit you best and start practicing and if you don't find the Forex demo account that works for you then simply close it and find another Forex demo account and try that one out!
วันจันทร์ที่ 31 สิงหาคม พ.ศ. 2552
How Forex Works (Foreign Exchange Market) by Robert D McKinley
In the Foreign Exchange Market (Forex) you buy one currency while simultaneously selling another currency. That is why currency exchange rates are always quoted in pairs. For example: GBP/USD (British pounds/U.S. dollars). Okay, that sounds simple enough; but how does it actually work?
When you buy or sell a currency, your expectation is that the price of the currency you bought will increase in value (appreciate) in relation to the currency you sold or, conversely, if you sell a currency, your expectation is that the price of the currency you sold will decrease in value (depreciate).
Currency Pairs: Again, currency rates are quoted in pairs because in every foreign exchange transaction one currency is bought while another is sold. It is a simultaneous transaction.
The currency listed to the left of the slash ("/") is known as the base currency and the currency listed to the right of the slash ("/") is called the counter or quote currency. For example, with the GBP/USD currency pair, GBP is the base currency and USD is the counter or quote currency.
Exchange Rates: An exchange rate is the ratio of the value of one currency compared to the value of another currency. For example, the GBP/USD exchange rate indicates the value of British pounds compared to U.S. dollars and U.S. dollars compared to British pounds.
Example exchange rate: GBP/USD = 1.3900 tells us that it would cost 1.3900 U.S. dollars to buy 1 British pound. Also, if you wanted to sell 1 British pound, you would receive 1.3900 U.S. dollars on the sale.
So you see, the base currency is the "basis" for either a buy or a sell transaction.
If you buy EUR/USD this means that you are buying the base currency and simultaneously selling the quote currency.
Further, you buy the pair when you think the base currency will increase in value (appreciate) relative to the quote currency and,
conversely, you sell the pair when you think the base currency will decrease in value (depreciate) relative to the quote currency.
NOTE: In the above scenarios, if you buy a pair you go "long" and if you sell a pair you go "short." Transaction Example
You buy 10,000 Euros at the EUR/USD exchange rate of 1.29
It costs you 12,900 U.S. dollars. (Much less out-of-pocket with a margin account.)
If the Euro appreciates to 1.39 (GBP/USD = 1.3900) against the U.S. dollar and you decide to exchange the Euros you bought, back into U.S. dollars, you would receive 13,900 U.S. dollars in the transaction for a profit of 1,000 U.S. dollars. (13,900 you received in the sale minus 12,900 you paid when you bought the Euros.)
Once again, you buy a pair (go long) when you think the base currency (the first one in the pair) will appreciate and you sell a pair (go short) when you think the base currency will depreciate.
Bid/Ask Spread:
There are two prices in all FOREX quotes-the "bid" and the "ask."
The bid is always lower than the ask.
The bid is the price at which the dealer is willing to buy the base currency in exchange for the quote currency. Thus, the bid is the price at which you (the trader) can sell.
The ask is the price at which the dealer will sell the base currency in exchange for the quote currency. Thus, the ask is the price at which you can buy.
The difference between the bid and the ask price is known as the "spread."
GBP/USD Price Quote Example
1. The bid price is 1.3950 and the ask price is 1.3954. 2. To buy GBP, you click "Buy" and you will have bought British pounds at 1.3954. 3. To sell GBP, you click "Sell" and you will have sold British pounds at 1.3950.
To Buy Or To Sell, That Is The Question!
We list many Courses and eBooks on this website that can help you learn whether to buy or sell and when to do either one. You will also find trading systems and trading software here that can tell you if and when it is a good idea to make a trade. Meanwhile, here are a couple of very simple examples of how you might go about making these decisions.
Example 1:
EUR/USD (Euro is the base currency and thus the "basis" for the buy/sell.)
You expect the U.S. economy will continue to weaken, and that the Euro will appreciate against the U.S. dollar, so you decide to execute a Buy EUR/USD order. If you expect the opposite to happen, you would, logically, decide to execute a Sell EUR/USD order.
Example 2:
USD/JPY (USD is the base currency and thus the "basis" for the buy/sell.)
Because you have been watching the world economic news, you believe that the Japanese Yen is going to weaken (depreciate) against the U.S. dollar. Therefore, you decide to buy the USD/JPY pair in the expectation that the U.S. dollar will appreciate against the Yen. But if you see a different scenario in which you believe the Yen will strengthen against the dollar, you would, logically, decide to sell the pair.
IMPORTANT NOTE: Good Forex brokers simplify all of this and make your trading as streamlined as possible with user-friendly trading platforms.
When you buy or sell a currency, your expectation is that the price of the currency you bought will increase in value (appreciate) in relation to the currency you sold or, conversely, if you sell a currency, your expectation is that the price of the currency you sold will decrease in value (depreciate).
Currency Pairs: Again, currency rates are quoted in pairs because in every foreign exchange transaction one currency is bought while another is sold. It is a simultaneous transaction.
The currency listed to the left of the slash ("/") is known as the base currency and the currency listed to the right of the slash ("/") is called the counter or quote currency. For example, with the GBP/USD currency pair, GBP is the base currency and USD is the counter or quote currency.
Exchange Rates: An exchange rate is the ratio of the value of one currency compared to the value of another currency. For example, the GBP/USD exchange rate indicates the value of British pounds compared to U.S. dollars and U.S. dollars compared to British pounds.
Example exchange rate: GBP/USD = 1.3900 tells us that it would cost 1.3900 U.S. dollars to buy 1 British pound. Also, if you wanted to sell 1 British pound, you would receive 1.3900 U.S. dollars on the sale.
So you see, the base currency is the "basis" for either a buy or a sell transaction.
If you buy EUR/USD this means that you are buying the base currency and simultaneously selling the quote currency.
Further, you buy the pair when you think the base currency will increase in value (appreciate) relative to the quote currency and,
conversely, you sell the pair when you think the base currency will decrease in value (depreciate) relative to the quote currency.
NOTE: In the above scenarios, if you buy a pair you go "long" and if you sell a pair you go "short." Transaction Example
You buy 10,000 Euros at the EUR/USD exchange rate of 1.29
It costs you 12,900 U.S. dollars. (Much less out-of-pocket with a margin account.)
If the Euro appreciates to 1.39 (GBP/USD = 1.3900) against the U.S. dollar and you decide to exchange the Euros you bought, back into U.S. dollars, you would receive 13,900 U.S. dollars in the transaction for a profit of 1,000 U.S. dollars. (13,900 you received in the sale minus 12,900 you paid when you bought the Euros.)
Once again, you buy a pair (go long) when you think the base currency (the first one in the pair) will appreciate and you sell a pair (go short) when you think the base currency will depreciate.
Bid/Ask Spread:
There are two prices in all FOREX quotes-the "bid" and the "ask."
The bid is always lower than the ask.
The bid is the price at which the dealer is willing to buy the base currency in exchange for the quote currency. Thus, the bid is the price at which you (the trader) can sell.
The ask is the price at which the dealer will sell the base currency in exchange for the quote currency. Thus, the ask is the price at which you can buy.
The difference between the bid and the ask price is known as the "spread."
GBP/USD Price Quote Example
1. The bid price is 1.3950 and the ask price is 1.3954. 2. To buy GBP, you click "Buy" and you will have bought British pounds at 1.3954. 3. To sell GBP, you click "Sell" and you will have sold British pounds at 1.3950.
To Buy Or To Sell, That Is The Question!
We list many Courses and eBooks on this website that can help you learn whether to buy or sell and when to do either one. You will also find trading systems and trading software here that can tell you if and when it is a good idea to make a trade. Meanwhile, here are a couple of very simple examples of how you might go about making these decisions.
Example 1:
EUR/USD (Euro is the base currency and thus the "basis" for the buy/sell.)
You expect the U.S. economy will continue to weaken, and that the Euro will appreciate against the U.S. dollar, so you decide to execute a Buy EUR/USD order. If you expect the opposite to happen, you would, logically, decide to execute a Sell EUR/USD order.
Example 2:
USD/JPY (USD is the base currency and thus the "basis" for the buy/sell.)
Because you have been watching the world economic news, you believe that the Japanese Yen is going to weaken (depreciate) against the U.S. dollar. Therefore, you decide to buy the USD/JPY pair in the expectation that the U.S. dollar will appreciate against the Yen. But if you see a different scenario in which you believe the Yen will strengthen against the dollar, you would, logically, decide to sell the pair.
IMPORTANT NOTE: Good Forex brokers simplify all of this and make your trading as streamlined as possible with user-friendly trading platforms.
Fear & arrogance in Forex trading by Lance Owen
All the forex market trading knowledge in the world is not enough to help, unless you have the balls to buy and sell currencies and put your own money at risk. As with the lottery "You gotta be in it to win it". Trust me when I say that the simple task of hitting the buy or sell key is difficult to do when your own money is at risk.
You will feel anxious, even fear. Here we have the moment of truth. Do you have the courage not to be afraid and act anyway? Unless you can conquer or accept your fear and do it anyway, you will have a hard time being a successful trader.
Once you learn to overcome your fear, and it does get easier, the inverse reaction can become an issue - you become overconfident and not focused. Start by accessing yourself. What type of person are you? Are you the type that can control their emotions even under extreme stressful conditions? Or, are you the type of person who is overconfident,cocky or arrogant? Then you will be prone to take more risks than you should. Before your first real trade you need to look inside yourself and get the answers. We can correct any inadequacies before they result in paralysis (FEAR) or a huge loss (ARROGANT). A huge loss can end your trading career instantly, or prolong your success until you can raise additional capital.
Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for the trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.
The difficulty doesn't end with "pulling the trigger". In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement. Please refer to Success or Failure
For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.
The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like "what if news comes out and you wind up with a loss". The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).
So your fear is just a baseless annoyance. Don't try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld "Live in the now man". Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards - this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains - so why close it?
If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you're a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.
Many new traders believe all you need to do to trade profitably in the foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.
To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge without taking any shortcuts, thereby assuring a solid foundation to build upon.
For more info try http://www.greatforexspot.com
You will feel anxious, even fear. Here we have the moment of truth. Do you have the courage not to be afraid and act anyway? Unless you can conquer or accept your fear and do it anyway, you will have a hard time being a successful trader.
Once you learn to overcome your fear, and it does get easier, the inverse reaction can become an issue - you become overconfident and not focused. Start by accessing yourself. What type of person are you? Are you the type that can control their emotions even under extreme stressful conditions? Or, are you the type of person who is overconfident,cocky or arrogant? Then you will be prone to take more risks than you should. Before your first real trade you need to look inside yourself and get the answers. We can correct any inadequacies before they result in paralysis (FEAR) or a huge loss (ARROGANT). A huge loss can end your trading career instantly, or prolong your success until you can raise additional capital.
Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for the trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.
The difficulty doesn't end with "pulling the trigger". In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement. Please refer to Success or Failure
For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.
The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like "what if news comes out and you wind up with a loss". The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).
So your fear is just a baseless annoyance. Don't try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld "Live in the now man". Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards - this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains - so why close it?
If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you're a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.
Many new traders believe all you need to do to trade profitably in the foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.
To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge without taking any shortcuts, thereby assuring a solid foundation to build upon.
For more info try http://www.greatforexspot.com
Forex - What are PIPs? by Robert D McKinley
Profit and loss in Foreign Exchange Trading (Forex) is measured in a unit of currency measure called a PIP. So it is important that you know what PIPs are and how to use them as a Forex trader. So take a look and learn.
I gave a brief description of PIPS in How Forex Works. Now, I'll go into more detail about what they are and how they are used in Foreign Exchange Trading (Forex).
Pip Basics
A Pip is the smallest increment in any currency pair rate. Since a pip is the smallest increment in a rate quote, it is represented at the last digit to the right of the decimal point. For example, in the currency rate EUR/USD = 1.3904 the last digit on the right is what you will use to calculate pips. If the currency rate has only two decimal places like the USD/JPY pair (USD/JPY = 119.56) the last decimal place is still a Pip.
Pips are used to calculate profit and loss in FOREX transactions. For example, if you buy when the rate is EUR/USD = 1.3901 and sell when the rate is 1.3906, you earned 5 pips on the trade. (1.3906 - 1.3901 = .0005 or 5 pips)
How to Calculate Pip Values (If you really want to.)
The math in this part gets just a little tiresome but there is good news: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically. Still, I provide the formula here in case you just want to know how to do it.
So just how much in dollars is the movement of one or more pips worth-for example, per 10,000 Euros in EURUSD? How much is one pip worth per 10,000 Dollars in USDJPY? To demonstrate, we will refer to 10,000 units of the base currency, as the "Notional Amount."
The formula for calculating a pip value is:
One pip, (with proper decimal placement)/currency exchange rate) x Notional Amount
Example with USDJPY: (.01/130.46) x USD10,000 = $0.77 or 77 cents per pip
Example with EURUSD: (.0001/.8942) x EUR10,000 = EUR 1.1183
Now, in the EUR/USD example, we want the pip value in USD, so we must multiply EUR1.1183 x (EURUSD exchange rate): EUR 1.1183 x .8942 = $1.00
This is a phenomenon you will see with any currency where the currency is quoted first (such as EUR/USD, GBP/USP, or AUD/USD): the pip value is always $1.00 per 10,000 currency units. This is why pip (or "tick") values in currency futures, where the currency is quoted first, are always fixed.
Approximate pip values for the major currencies are as follows:
(per 10,000 units of the base currency)
USD/JPY: 1 pip = $.77. A change from 130.45 to 130.46 (1 pip) is worth about $.77 per $10,000.
EUR/USD: 1 pip = $1.00 (.8941 to .8942 is worth $1.00 per 10,000 Euros.)
GBP/USD: 1 pip = $1.00 (1.4765 to 1.4766 is worth $1.00 per 10,000 Pounds.)
USD/CHF: 1 pip = $.59 (1.6855 to 1.6866 is worth $.59 per $10,000.)
At this point, you may be thinking that 1 pip multiplied by 10,000 units of a currency doesn't add up to much money and that you will need a lot of capital to become a viable trader! Not to worry: Take a look at Forex Math to learn how leverage and margin accounts make trading in Forex work for just about everyone.
Remember: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically.
I gave a brief description of PIPS in How Forex Works. Now, I'll go into more detail about what they are and how they are used in Foreign Exchange Trading (Forex).
Pip Basics
A Pip is the smallest increment in any currency pair rate. Since a pip is the smallest increment in a rate quote, it is represented at the last digit to the right of the decimal point. For example, in the currency rate EUR/USD = 1.3904 the last digit on the right is what you will use to calculate pips. If the currency rate has only two decimal places like the USD/JPY pair (USD/JPY = 119.56) the last decimal place is still a Pip.
Pips are used to calculate profit and loss in FOREX transactions. For example, if you buy when the rate is EUR/USD = 1.3901 and sell when the rate is 1.3906, you earned 5 pips on the trade. (1.3906 - 1.3901 = .0005 or 5 pips)
How to Calculate Pip Values (If you really want to.)
The math in this part gets just a little tiresome but there is good news: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically. Still, I provide the formula here in case you just want to know how to do it.
So just how much in dollars is the movement of one or more pips worth-for example, per 10,000 Euros in EURUSD? How much is one pip worth per 10,000 Dollars in USDJPY? To demonstrate, we will refer to 10,000 units of the base currency, as the "Notional Amount."
The formula for calculating a pip value is:
One pip, (with proper decimal placement)/currency exchange rate) x Notional Amount
Example with USDJPY: (.01/130.46) x USD10,000 = $0.77 or 77 cents per pip
Example with EURUSD: (.0001/.8942) x EUR10,000 = EUR 1.1183
Now, in the EUR/USD example, we want the pip value in USD, so we must multiply EUR1.1183 x (EURUSD exchange rate): EUR 1.1183 x .8942 = $1.00
This is a phenomenon you will see with any currency where the currency is quoted first (such as EUR/USD, GBP/USP, or AUD/USD): the pip value is always $1.00 per 10,000 currency units. This is why pip (or "tick") values in currency futures, where the currency is quoted first, are always fixed.
Approximate pip values for the major currencies are as follows:
(per 10,000 units of the base currency)
USD/JPY: 1 pip = $.77. A change from 130.45 to 130.46 (1 pip) is worth about $.77 per $10,000.
EUR/USD: 1 pip = $1.00 (.8941 to .8942 is worth $1.00 per 10,000 Euros.)
GBP/USD: 1 pip = $1.00 (1.4765 to 1.4766 is worth $1.00 per 10,000 Pounds.)
USD/CHF: 1 pip = $.59 (1.6855 to 1.6866 is worth $.59 per $10,000.)
At this point, you may be thinking that 1 pip multiplied by 10,000 units of a currency doesn't add up to much money and that you will need a lot of capital to become a viable trader! Not to worry: Take a look at Forex Math to learn how leverage and margin accounts make trading in Forex work for just about everyone.
Remember: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically.
วันพุธที่ 26 สิงหาคม พ.ศ. 2552
Our Forex Robot Is NOT Illegal-Live Proof! by Kendra Turner
Our Forex Robot Is NOT Illegal-Live Proof!
3 Tech Geeks Swear Under Oath:
Our Forex Robot Is NOT Illegal watch video here
Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month...
Our Forex robot can be traded with ANY account size....BIG or SMALL! We wanted to show everyone that unlike many scam-only-working-on-paper Forex robots out there, FAP Turbo is REAL Now...let's get to the most important part of all of this...to the reason why FAP Turbo is #1 and will be undefeated for a VERY long time.
I want your full attention here...I mean it, this is KEY:
Understanding the following will show you why FAP Turbo is the real deal...why it's a golden opportunity for the smart ones... Do you remember I told you at the beginning of the letter that back-test results are worthless? Well, THEY ARE!
So, why am I about to show you back-test results of FAP Turbo? Well...and this is the best lesson you will ever learn in Forex robot trading: Back-test Results Are Worthless UNLESS You Can Validate Them With Live Forward Trading!
But what's MORE impressive is that the LIVE trading results are even BETTER than the back-test results! In the back-test the robot averaged about 48% profits per month (5,000% divided by 102 months which is 9 years)... In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that... The loop is closed...
The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing! It simple can't get better than this! watch live video here
3 Tech Geeks Swear Under Oath:
Our Forex Robot Is NOT Illegal watch video here
Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month...
Our Forex robot can be traded with ANY account size....BIG or SMALL! We wanted to show everyone that unlike many scam-only-working-on-paper Forex robots out there, FAP Turbo is REAL Now...let's get to the most important part of all of this...to the reason why FAP Turbo is #1 and will be undefeated for a VERY long time.
I want your full attention here...I mean it, this is KEY:
Understanding the following will show you why FAP Turbo is the real deal...why it's a golden opportunity for the smart ones... Do you remember I told you at the beginning of the letter that back-test results are worthless? Well, THEY ARE!
So, why am I about to show you back-test results of FAP Turbo? Well...and this is the best lesson you will ever learn in Forex robot trading: Back-test Results Are Worthless UNLESS You Can Validate Them With Live Forward Trading!
But what's MORE impressive is that the LIVE trading results are even BETTER than the back-test results! In the back-test the robot averaged about 48% profits per month (5,000% divided by 102 months which is 9 years)... In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that... The loop is closed...
The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing! It simple can't get better than this! watch live video here
Foreign exchange market is different from the stock market by Sutikno Slamet
The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.
The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The
What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.
The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.
The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.
The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.
More info : http://www.sutiknoslamet.us
The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The
What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.
The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.
The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.
The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.
More info : http://www.sutiknoslamet.us
The World Wide Forex Market by Sutikno Slamet
Forex is a trading 'method' also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basics of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.
Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.
The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.
The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.
The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.
Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.
More info : http://www.sutiknoslamet.us
Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.
The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.
The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.
The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.
Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.
More info : http://www.sutiknoslamet.us
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