Your Forex Trading Strategy Is Everything

A good forex trading strategy can mean the difference between failure and success.

No sane person would jump into the forex market blindly.

You might as well set your money on fire if that’s what you’re going to do.

Sensible investors study the market carefully first, learn the ins and outs of currency trading -- and even then, before they launch into it, they devise a smart forex trading strategy.

The market is constantly changing and is not always predictable, true.

But you still need a strategy, one that allows for unknowns and surprises.

Your strategy should begin with how much money you can afford to lose.

That may sound like a negative outlook -- after all, the goal is to MAKE money, not lose it -- but common sense tells you that the forex market is a gamble.

There are precautions you can take that will make you less likely to lose your initial investment, but there’s no way to guarantee it.

Your strategy must allow for the possibility that you’ll take a bath, and for that reason you should never invest more than you can afford to lose.

Another good tip for your trading strategy is to avoid putting all your investments in one currency.

What’s the old saying about eggs and baskets? Yeah, don’t put ‘em all in one.

Spreading them out makes it much, much less likely that you’ll be wiped out, the way you would if you relied on one currency and it bottomed out.

As you prepare your trading strategy, make yourself aware of what the market is doing right now.

Is it trending upward, or downward? What’s the general mood among traders? They all have a strategy, too, and are eager to know what others are thinking.

Consider also what your timeline is.

How long do you want to stay in the market before taking your profits and getting out?

Your strategy must also involve learning the timing of the business.

Timing is everything: Too late or too early and your potential profit evaporates. As you learn to gauge the market and make trades at just the right time, your profits will increase.

A good strategy will factor in this learning curve and allow for a few mistakes at first.

Above all, to prepared to accept surprises when it comes to forex trading.

Strategy can only get you so far. The rest is ingenuity and a little bit of luck.

Stop Losing Money In Forex!  Start Winning Consistently With THIS SYSTEM. CLICK HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Forex Demo: Always Trade Demo Account Before Trading Live Acount

Before airplane pilots actually fly on their own, they usually practice in simulators that re-create what flying will be like without any actual risk.

Since currency trading is as dangerous financially as flying is physically, it makes sense that there would be a forex demo available, too.

A forex demo is a smart way for a new investor to start.

Reading books and taking online courses can teach you the basics, but the best way to learn anything is to get some hands-on experience.

However, with forex, hands-on experience could mean losing your shirt.

So a demo gives you real-world training with no actual money being involved.

Usually, the demonstration comes courtesy of a brokerage or other financial Web site that has an interest in currying your favor.

The plan is that once you’ve tested your skills in the demo, you’ll get into the real thing and take advantage of the paid services the demo provider has to offer -- forex signals, managed accounts, automated trading, etc.

The demo is like a free sample, offered in the hopes that you’ll enjoy it so much that you buy something, too.

For that reason, be should be highly suspicious of any

Web site that wants to charge for a demo.

Considering there are literally dozens of sites that offer free demonstrations, there is absolutely no reason that you should pay for it.

When you sign up for a forex demo, you’re given a username and password and shown how to use the demo system.

Sometimes it involves downloading a piece of software unique to the company; other times it’s simply done over the Internet.
(Some demos require Macromedia Flash, which most browsers have installed, but which you’ll need the latest version of.)

You determine how much imaginary money you want to start with, and off you go!

Once you’re signed in to the forex demo, you do all the things you would do if it were a real-world situation: reading the charts, following the trends, visiting online forums to get other traders’ opinions, and making trades.

The trades are recorded in the forex demo only and don’t go anywhere into the actual market since there’s no real money involved.

When the market changes, the program determines how much you’d have gained or lost based on the decisions you made.

You’re able to say, “Whew! Good thing this was only for practice!” or “Too bad this wasn’t real!” And once you’ve gained some expertise using the forex demo, you can move on to the real thing and start making some money for real.

Stop Losing Money In Forex!  Start Winning Consistently With THIS SYSTEM. CLICK HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Forex Trading Course: A Must for Forex Beginners

In the world’s largest financial market where exchanges reach up to trillions of dollars each day, many people would really want to participate in this market.

Aside from being the largest financial market in the world, Forex is also the most liquid market in the world where trades are done 24 hours a day.

A lot of traders have become very rich trading in the Forex market.

And, many people who trade in the Forex market everyday have found a great way to replace their day jobs.

Some even became millionaires almost overnight by just trading in this financial market.

Trading in the Forex market can be very attractive.

However, you should also know that there have been people who suffered extreme financial losses in the Forex market.

It is true that the Forex market offers a very good money-making opportunity to a lot of people, but it also has its risks.

It is a fact that people who didn’t have the right knowledge and skills trading in the Forex market suffered huge financial losses and some even went into debt.

So, before you enter the Forex market, it is essential that you should have the necessary knowledge and skills as a Forex trader in order to minimize the risk of losing money and maximize the potential of making money.

Many people who were successful in the Forex market have went through a Forex trading course to get the knowledge and skills needed to successfully trade in this very liquid and very large financial market.

In a Forex trading course, you will learn about when it is the right time to buy or sell, chart the movements, spot market trends and also know how to use the different trading platforms available in the Forex market.

You will also be familiarized with the terminologies used in the Forex market. Even the basic knowledge about trading in the Forex market can be a great help with your money-making venture in the world’s largest market.

There are different Forex trading courses available, all you need to do is choose one that suits your needs as a trader.

There are crash courses where all the basic things about Forex will be taught to you in a short period of time, full time online courses, where you will learn all about Forex through the internet and there are also full time real life classroom courses where you can learn the ropes about Forex in a real classroom with a live professor.

You can also become an apprentice.

However, in order to learn a lot about Forex as an apprentice, you need to make sure that you have a seasoned Forex trader who can share a lot of things to you about the Forex market.

Here are some of the basic things you should look for in a Forex trading course in order for you to get the sufficient knowledge about Forex trading:

* Margins
* Leveraging
* Types of orders
* Major currencies

A good Forex trading course will also explain a lot about the fundamental and technical analysis of charts.

As a trader, knowing how to analyze a chart is an essential skill that you should have. So, when you are looking for a Forex trading course, you should look for a course that offers fundamental and technical analysis instruction.

Stress plays a vital part in Forex traders.

Knowing how to deal with stress is also a skill that you should develop.

 A good Forex trading course should teach you how to deal with stress and trade effectively and efficiently.

As much as possible, you should look for a Forex trading course that offer actual trading systems where students can trade real money on the Forex market or at least trade on dummy accounts in a simulated Forex market.

This hands-on experience will greatly benefit you. Besides, the best way to learn about anything is by actually experiencing it. Live trading and simulations should be offered in a Forex trading course.

So, if you plan on getting involved in the Forex market, consider finding all these things in a Forex trading course.

Developing the right knowledge and skills in trading in the world’s largest and most liquid market in the world will definitely help you make it to the top and achieve your dreams as a Forex trader.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

The Myth Why 95% Fail In Forex

A quick search on the internet in websites, magazines or forums might let you come to a conclusion that there are a lot of people out there who are making a lot of money from the forex market.

This is mainly due to the fact that there are a lot of traders out there that brag about their profits but they fail to tell people about their losses.

 In fact, merely five percent of all traders actually make money. Most people will be able to make money from forex trading but turning it into a consistent source of income is totally a different story.

Forex trading should never be a way of making a regular income and acquiring a financial freedom. It is a very risky business and that is why you must always have a safer source of income.

One might wonder if 95 percent of traders are not capable of making regular income, what is stopping them.

 Well, unlike the forex experts who shell out their entire dedication towards trading and trade on a large scale, most of the novices take it as a part time business, and therefore, do not pay a full focus to it.

A small-time investor will find it difficult to focus on the forex market because they would probably be exhausted from working 8 hours a day.

 This is probably why they fail in forex trading. To be a pro in forex trading and make consistent profit, one will need to have years of experience and practice.

It certainly will strain you and probably disappoint your family, but if you want to earn some money out of this business, you will have to give your 100%.

Is there anything you can do if you cannot afford the time for it?

Another popular myth regarding this industry is that if you are not an expert, stay away.

The truth however, is that you have to practice in order to become an expert but the practice should not be at the cost of money.

Always seek help and advice in order to get the right direction of the move. It is advisable to build a good connection with your broker as well a completing some seminar or course about it.

The idea here is to go all out and take any help that is required to minimize your losses, at the same time, teach you the basics of forex trading.

Being extra careful in your trading will make you money in forex even though it is a very risky trading option.

Try not to treat it lightly; but learn with patience so that you develop a safe way of trading. This may take you years but this will be much better than losing all of your money.

Want To Learn Forex Trading? CLICK HERE To Get a 21 Video Forex Training Course Start your Forex journey with JustFXTrading!

Get The Freedom You Always Dream Of!


Happy Trading!!!

Learn Forex Trading- Useful Forex Trading Forums

Where Should We Look?

The internet is like an endless space of information nowadays. We can basically find information on almost about anything that we are interested in.

Having said that, it can also be difficult to find information that is accurate. As for trhe topic of Forex trading, there will be tons of information.

Be it from forex brokers, traders or even those who are selling their forex systems.

You see, Forex trading is a hot topic or niche and there are a lot of internet marketers who are looking to make big bucks out of newbie traders who don not have a clue about forex trading.

I know this because I was in this position before. In total, I bought 4 forex products  from Clickbank and guess what? I requested the refund for all of them.

There are juts too much BS (excuse my language) out there that is cheating the money out of innocence people who are genuinely looking for a proper way to trade forex.

Forex Trading Forums Are Useful

This is where forex trading forums will be extra useful. With forex trading forums, you will be able to see what other traders like you are discussing about.

If you are interested in a certain forex product, you could see if there are any discussions about that particular product.

This way, you will have a better idea on how well that product is received out there in the market.

You could do the same thing with Forex Brokers. Don't know which one to choose? Do a bit of research in forex trading forums to get a clearer picture.

With these forums, you could save yourself some money and time too.

So, which forums should you look at?

Here are 3 forums that I use often

Forex Factory

Forex Peacearmy

Forex-TSD

If you have any sort of doubts or question you have in your mind about a forex product, broker or even trading method, you could visit these forums to look for more information.

Happy trading!!!!

Cheers.....

Want To Learn Forex Trading? CLICK HERE To Get a 21 Video Forex Training Course Start your Forex journey with JustFXTrading!

Get The Freedom You Always Dream Of!


Happy Trading!!!

Daily Forex Report- 9th April 2013

I will be posting daily forex forecast that I receive from my Forex Broker, Fx Primus in this blog.

It is just to spread the news so that more people will be able to have such information if they are looking for it.

 

It won't hurt to have more information right!

Source: www.askmariosingh.com

Economic Insights

China’s inflation cooled down last month

China’s March CPI rose 2.1% YoY, easing worries on recent surging food prices, reducing pressure on credit and monetary policy tightening in the near term.

Currency Insights

CADJPY – coming support at 97.20

Aggressive purchasing suggests that the JPY weakening trend is not over yet, since current account deficits are expected to widen.

Just go click on the link for the whole story...

Want To Learn Forex Trading? CLICK HERE To Get a 21 Video Forex Training Course Start your Forex journey with JustFXTrading!

Get The Freedom You Always Dream Of!


Happy Trading!!!

Learn Forex Trading -Forex Vs Stock

The main comparison that is made to the Forex market is the Stock market.

So, how to they go if you put them head to head against one another.

The image below will show you exactly the comparison.

The warrior on the left would be the Forex market and the one on the right will be the stock market.

That is in terms of the total volume of course because as you might already know, the Forex industry is a 4 trillion dollar industry.

 It will dwarf the stock market.

Now, let's head to another question, what would you trade?

In the stock market, you trade (buy/sell) stocks of companies.
There are approximately 4500 listed companies on the new York Stock exchange.

Then, there is another 3500 listed on Nasdaq. Isn't hard to choose which stock to trade?
Will you have the time an energy to monitor so that many stocks.

Well, stock traders monitor everything, they just monitor the ones that they favor on.
But what happens when he losses money?
Does he drop the stock and find a new profitable one? I am not sure of the answer.

As for Forex, traders will trade currency pairs and there are dozens of them to choose from there are 4 major pairs that is traded worldwide.

If you choose to trade that 4 major pairs, wouldn't it be much easier than keeping an eye hundreds or even thousand of stocks?

It is the simplicity of Forex that attracts me because all I have to do is focus on a few pairs.

You would think that there won't be much opportunities to get into the market if you only trade 4 pairs?

You will be wrong.

There will be plenty of chances to enter the market even if you want to trade every single day.

However, I recommend that you don't trade everyday.

Show up at your computer everyday but don't trade everyday. Only trade when you have crystal clear signals presented in front of you.

The thought of needing to trade every day in Forex is one of the biggest mistakes made by most traders out there.

So, now that you know the difference in what is traded in Forex and Stock, which one would you trade?

Well, the answer depends on what you believe... For me, I only trade 2 currency pairs and that's it.
I take 2-3 trades per pair in a week. That is enough for me.  :)

Want To Learn Forex Trading? CLICK HERE To Get a 21 Video Forex Training Course Start your Forex journey with JustFXTrading!

Get The Freedom You Always Dream Of!


Happy Trading!!!

Forex Trading Mistakes To Avoid

We all make mistake. It doesn't matter if the problem is huge or small, we all tend to make mistakes from time to time.

In forex trading, mistakes will cost you your money.

Losing money is never a good thing but if you learn from your mistakes, then the mistake that you made will pay off as long as you don;t repeat them once again.

I came across this article which I think will be useful for those who are learning forex trading.

Source: www.articlesbase.com/

It's true that Forex Expert advisors open new ways to trading Forex with automation and ease, but oftentimes new investors experience frustration when trying to find the right trading system.

Let's review 7 things to avoid in Forex Expert Advisors:

• Avoid systems that won't compliment your trading style and knowledge. You should try to find a Forex System that suits your needs and complements your trading. If you rely on intuition for getting good trades, an automated system would not be very suitable for you.

• Some Forex robots would use bad money management strategies, while others would have no strategy at all! Avoid those systems in which it's not clear what king of strategy is used by the trading system.

• Avoid companies with no tutorials, poor training material or bad testimonials and reviews on the support provided to customers.

• Also try to deal only with companies with good reputation and experience in the market, avoid those that leave you with a sense of uncertainty.

• Avoid systems that show no solid proof of successful trades or haven't been updated for a long period of time.

• If you want to have more control over your trades you need to be able to trade manually. Your system should allow some level of customization since Forex expert advisers can't handle errors or unexpected things easily. It's difficult for an automated system to deal with unexpected and crucial points in trading. Be prepared to face disappointments and handle this kind of situations. Traders and investors prefer to use both automated and manual trading.  You can use automated trading if you find manual trading difficult, while you can leave simple chart patterns to be done manually.  Here's why you would still need knowledge in manual Forex trading. Try to avoid trading systems that have no option for manual trading.

• Avoid buying the first system you see...Don't just believe that because a trading system has good rating and customer feedback, it's perfect. It could be good for many, but maybe it isn't your best bet. Check forums where you'll find the opinions about the software are tackled and information about the problems encountered by customers and how they managed to solve them. A downside is that automated Forex trading is truly popular over the internet, which is a good and a bad thing at the same time.  The good thing is that getting an automated system is easy, and you have a wide range of trading options; the bad thing is that the chances of finding scams are higher too. Make sure you have a solid money-back guarantee for the purchase before you go ahead.

So, you always need to be extra careful when trading Forex. Build up your trading habit with patience and discipline so that you only take crystal clear set ups that has a high winning ratio.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Learn Forex Trading- Why Should You Trade Forex?

There are many types of investment out there and why should you trade Forex?

Well, if you are an expert in investing, diversifying your funds or investment is definitely something that you would do right?

Maybe you already have your hands filled with stocks and properties. Why not add forex as well?

There are many reasons why you should trade forex and here are some:

• No commissions

In Forex, there are no clearing fees, no exchange fees, no government fees, no brokerage fees. Forex brokers will make their money through the bid ask spread. The spread will vary depending on the currency pair that you are trading.

• No middlemen

There is no middlemen involve in forex trading. So, individual traders are allowed  to trade directly with the market responsible for the pricing on a particular currency pair.

• No fixed lot size

You can decide on the amount that you want to start with in forex trading. In most cases, forex brokers allow you to start with just $25 as your minimum initial deposit.

• Low transaction costs

The retail transaction cost (the bid/ask spread) is usually less than 0.1% under the normal market conditions. You can get lower spread  as low as 0.07% with larger dealers. 

• A 24-hour market

Forex is a 24 hour market. You can trade from  the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis. You can trade according to your own time.

• No one can corner the market

The foreign exchange market is so huge and this means there is no single entity that can mopolize the market. This levels the playing feel.

• Leverage

In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. This is by far the best benefit that I can enjoy in Forex.

Above are just some of the main benefits that you can get by trading Forex. There some more benefits but I am just lazy to write all of them here..

By now, you should have a good idea on how powerful the Forex market can be and the benefits that you can take advantage of if you choose to invest in Forex.

Go ahead and do some more reading on internet. I am sure you will be able to find more useful information that can open your eyes to Forex trading.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Create Passive Income With Forex?

We all know that we should have multiple sources of income and a passive income is something that all of us would really like to have. But can we create passive income with FOREX?

In Forex, we need to trade (buy/ sell) in order to have a profit. So, does that counts as a passive income? I guess not......
But it can definitely be a method of an income source that you can generate from home.

Lets dig in more....



Forex is one huge industry that we cannot stand aside and ignore. It is a 4 trillion dollar industry and we see so many blogs and websites talking about making money from Forex everyday on the internet.

But let's get things straight first. Can we make money from Forex? The answer is <strong>YES</strong>.
Like the stock market, if you know how to trade the currencies, you will have a good chance of making a profit.

Another plus side of Forex is the small amount of investment that is required if you want to get into it. Most brokers offer good leverage and allow their customers to start with a $100 investment. better still, you can trade with a demo account before putting in your money.

With the leverage, you can have $100 in your forex trading account but you can trade like you have $100,000. This depends on your broker.

We cannot deny that Forex is a money making method because we will be able to find so much info about it on the net. Of course, some are real and some aren't. Just do a search on Youtube and you will see the astounding results of individuals and companies showing you tips and systems.

The real question is How Do You Trade Forex?
Well, if you do a little bit of research on the internet, you will come across something called EA. These EA's (expert advisor) are programs that you can use to help you trade the FOREX market.

There are a lot of them available in the market to day. You can get them easily but you must do your research before you purchase them because it seem to be a hot niche in the internet. You will come to realise that there will always be a new EA in a couple of weeks. So, check things out first.



Can we make passive income through FOREX?

Now, this must be the question most people are asking on the search engine...

The answer is YES but it depends on the level of knowledge that you are willing to gain. But first things first, you need to get a partner. What i mean was a reliable FOREX BROKER

There are a lot of brokers to choose from but here is one that I am currently using, it is called FX PRIMUS.

They are an award winning broker that provides great connection with their super fast servers to ensure your trades go well. In addition, their spreads are low so you make money easier.

Anyway, just to show how powerful Forex can be, i have put up my trades for April 2013...

So, you can really make money from home with FOREX.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!