Tag Archives: Forex Guide

Managed Forex Accounts

Forex, short for Foreign Exchange, is where one nation s currency is converted for that of another. With over $3 trillion being converted everyday, the Foreign Exchange Trading market is presently the world s biggest fiscal marketplace and hence very attractive to investors. The market has no corporal position and it runs through a worldwide network of banks, institutions and individuals. Nowadays, importers and exporters, multinational companies, bargainers and many others all have an progressive interest with the Forex market relating to their financial proceedings. Many such establishments choose to sustain managed forex accounts for such roles.

A managed currency trading account, also known as an automated managed forex account, admits an investor the chance to take part in the international s most significant market without having to monitor the market trends 24 hours a day. The managed currency trading accounts, as the name may imply, are dealt and handled by professional people with huge experience in the market. This alone belittles the risks of losses while profit-maximizing yields on the investment made. Managed foreign exchange trading accounts are ideal for those that choose the capital invested to be managed efficiently. There are many profits to be reaped through applying a managed forex account. The investors would still be efficient to hold liquidity of assets, which is holding the deposit and withdrawal of funds at their discretion, while receiving real-time account management and reporting as well as currency trading strategies and related information of the market. The forex trading account managers also use several analytical methods, both mechanical and technical, to check the most exact investment entry and leave tips to hold moneymaking results.

Whether you use a managed forex account or do it yourself, investment in forex is not for everyone. Many professional people also advocate spreading chance of investment through regarding the capital in different opportunities and not just one. In picking out an appropriate managed forex account, it should also be noted that previous performance is not suggestive of future solutions. However, committing in a managed forex account would enable an individual or foundation to deal in worldwide currencies without having to analyze the market yourself. The professionals are more than efficient to do it for you, with the wide added up benefit of their expertise. All the investor then has to do is to allow the needed capital, where the nominal investment would be around $10,000. If you either miss the necessary capabilities to trade in the forex marketplace alone or do not have the resource of time on your hands it would be perfect to get an automated account to do the task for you.

However managed fx trading accounts are mostly costly. A better solution is to go for an automated forex trading robot. I advise you to get a reliable forex robot like FAP Turbo.

Easy Forex Trading

How to Make Money Fast and Easy with Forex Trading?
How can I make money with forex trading and is it possible to make money fast with forex trading? These are some of the common questions you can find on any currency trading forum. There are so many advertisements out there that endorse ways to make money. Earn little extra cash from home, make money online, replace your day job or start a home business … whatever you want to do; there seem to be a hundreds of ways to do it. And yet we all know that it not really easy as it sounds. Naturally now the questions arising in your mind should be, is the same thing true of forex trading?

Forex trading is currency or foreign exchange trading which involves anticipating the movement of currency prices around the world. A forex trader exchanges one currency for another because he thinks that the price of one currency will rise and fall relative to the price of the other.

For example, if the US economy is doing well but the Canadian economy is doing badly, you might want to trade the USD/CAD currency pair. You would buy the currency pair which means that you are buying USD. One time when you might want to do this would be if there is a fall in the price of oil. Canada is a big exporter of oil and the USA is a big importer, so the value of the US dollar against the Canadian dollar is likely to rise when oil is cheap. This could be true even if the US dollar is falling against other currencies.

Of course, if you just had a couple hundred dollars in an account that you wanted to invest in this trade and you got 1 for 1 when you bought this currency pair, you would probably not make more than a few cents on the trade. Currencies just do not change in value that much that fast, at least most of the time.

So forex traders use leverage to increase the size of the sums that they can control (lots). Brokers will allow you to open a trade a position that is at least 100 and sometimes 200 times the amount that you are putting up. This means that your $10 controls $1,000 or $2,000 in the market, or your $100 controls $10,000 or $20,000 in the market. Now the profits could be a lot bigger. This is how people make money fast with forex.

From this example you will see that forex is risky. In this it is like all speculative investment. Generally speaking, the risk increases along with the potential returns. There are safe investments like government bonds where you have a guaranteed return, but it’s low. Then there are risky investments like stock or forex trading where you can make money fast and make a lot, but on the other hand you can lose it all. So it is important not to trade with money that you cannot afford to lose.

Fortunately forex brokers provide demo accounts where you can try out your skills and trading systems on a virtual money account until you are profiting on a regular basis. It is necessary to practice in demo mode for a while before you go live, so forex is not something that can turn a complete beginner into a millionaire overnight. The truth is, there is nothing that can do that outside of gambling, which is even more risky.

However, once a person has learned to trade forex steadily and well, it is certainly possible to make money fast with forex. I would suggest you to spend some time and money on forex education. You could reduce the learning curve by utilizing automated forex trading robots like FAP Turbo or Forex Brilliance. However remember that even if you are using a Forex EA you still need to learn the basics.

Euro Trading

Euro USD is one of the most popular currency pair in forex market. Most of the traders when they start out making money with forex trading they go for Euro trading against the dollar. However, unfortunately most of these traders know practically nothing about the Euro trading. The only thing they look for is the euro to dollar conversion or the exchange rate. But when you are doing currency trading in euro there couple of significant facts that you should be aware of.
Unlike other currencies the euro is a very unique currency because it is not the historical currency of any nation. The euro was introduced after the formation of European Union or the European Economic Community. The European country leaders and European bureaucrats realized that it would boost their economic activities if they have a common currency. Today, Euro is the second most traded currency (after the US dollar), in the forex market. Naturally Euro is a very significant power in financial markets.

History of Euro:
The European Economic Community or the European Union was formed as a means of lowering trade barriers between nations in Western Europe. Over the years it has extended to include countries in Eastern Europe. However the most important factor for expansion of euro trading is the formation of the European Monetary Union (EMU) and the introduction of the currency euro, which happened during the beginning of this millennium.

Facts You should know while Trading in Euro
The euro is controled by the European Central Bank (ECB). Because of its status as a multinational regulatory bank, its remit is a little different than the US Federal Reserve. The European Central Bank is concerned solely with interest rates and maintaining price stability within the Euro zone, while the Federal Reserve and most other national central banks also have to consider the effects of their decisions on employment levels. Continue reading

FAP Turbo Settings

FAP Turbo is one of the few profitable forex robots available commercially. In fact the success of FAP Turbo robot resulted in big influx of new forex robots though most of them failed miserable. Despite of the fact the FAP turbo got proven results; if you search on internet or forex forums for a FAP Turbo review you will find mixed responses. Some traders swear that FAP turbo is the best one in the market while others complain that it doesn’t work. Why is it so? The answer lies in FAP Turbo settings of individual trader.
The experienced trader would try different currency pairs, tweak the FAP Turbo settings to test and analyze the results. Eventually they will come up with the best FAP Turbo settings to make money with forex trading. If you are just starting out forex trading with FAP turbo you might want to know the best FAP turbo settings straight away. Naturally the first thing you probably did was searching on internet and forex forums for settings of FAP turbo. Beware! Many of the free information floating around on internet are inaccurate and fake. You don’t want to risk your funds by entering the wrong settings inside FAP turbo robot. Unless you trust the person, do not believe anyone who is offering free FAP Turbo settings on forex trading forums. Moreover Steve, the creator of FAP Turbo expert advisor often updates the software and the old settings may not give good results on a newer verion. So the next question you probably have is, “Where can I find the best settings for FAP Turbo robot?” That’s exactly what I am going to tell you.

Recomanded settings for FAP Turbo Robot
FAP Turbo settings Guide
Rob Casey, the author FAP Turbo Expert Guide regularly updates the settings for this highly profitable forex robot. You can see the latest FAP Turbo setting by Rob here...

My suggestion is to go with Rob’s optimum settings though you might have to spend some money to get it. It is better to pay for the best FAP Turbo settings guide than spending countless hours on testing by yourself or losing all your money in your forex account by entering some fake settings you found on a forex forum.

Forex Investment

If you are interested in investing in forex market it is essential that you know the basics of forex trading and learn how Forex investments can be profitable.

fx investmentFirst let’s see what exactly is, Forex trading. The word Forex is an acronym for FOreign Exchange which is also known as currency trading. In a nutshell, when you invest in forex trading you are going to buy foregn exchange for a low rate and sell it when the rate increases to make profit. Forex investments can be considered similar to stock market in principle with some key differences which makes Forex unique.

Forex Market is open 24 hours for Investment:
Unlike the stock market, forex trading market is open 24 hours a day during the 5 business days in a week. This is because the forex trading market is global. While the stock trading is done through the national stock exchange, forex traders deal globally by exchanging currency of country for another. The traders observe the price movements and enter into a trade when they feel the price point is right, and then they exchange the currency back to close the trade to earn profit.
By the time the forex market in United States close the Asian market is open. Thus it is the foreign exchange market is open somewhere in the world all the time, except on weekends and non-business days. One of the major advantages of forex investments is that you can do trading at just about any time of day or night, according to your convenience. You might also have to take the currency pair and the trading system into consideration while deciding your trading time. You might want to learn more about the best time to trade forex.
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Forex News

To become successful at forex trading, it is important to keep updated with latest forex news. Although technical analysis the key to winning trades, knowing what is happening in the foreign exchange market not only in your own country but in all of the key economic powers will help you to shield your investment funds. How forex news help you to run your trades profitably? Let’s find out…

Importance of Forex News:

You are not going to trade based on speculations arising out of news from foreign exchange markets. In fact it is not even necessary to guess the exact outcome of major forex news. All you need to do is to keep informed about the major events and financial reports that are due to be announced so that you can stay away from trading at those times when the market is highly volatile. You see, people with a gamblers mind set try to speculate the outcome of major financial news and trade (gamble) accordingly. You might get lucky in some cases, but in the long run all the traders who are gambling according to the forex news will eventually suffer losses. Successful forex traders always rely on technical analysis and do not gamble in forex market. However even if you are a technical analysis expert, relying on forex charts and custom indicators for your trading signals, you should not overlook the forex news entirely, since it is absolutely important to know when to stay away from the market.

What type of Forex News Should I pay attention to?

Since forex market is open round the clock during the business days, there is always something happening around the world which affects the foreign exchange rates. However you don’t have to keep track of each and every forex news or events. If you take a look at the financial calendar you can learn the important dates of the regular financial announcements and reports in the countries that are of most significant to your trades.

US Economy and Dollar Value
Since US dollar has the highest traded volume compared to any currency in Fx market, any major forex news that affects the United States economy will reverberate throughout the foreign exchange markets. Hence if there is slow down in insurance sector, mortgage or housing market in US, which may not seem to have an influence on the foreign exchange directly, actually affects the forex market. Factors such as these will have a substantial effect on other financial indicators such as mortgage futures values and this will result a change in the dollar value which subsequently will affect the forex market world wide.

Currency Pair
While the US dollar can impact the world economy, you should always look for forex news which affects your main currency pair. For instance if you are mainly trading in EUR/USD then you need to stay aware of events in Europe and the USA. Developments such as very strong or poor financial results in other powerful countries like as Japan will still affect Euro and USD in due course, but not immediately and most probably you will have enough time to take appropriate action. However if you are trading in USD/JPY currency pair a change in Japanese economy can possibly result in devastating effect on your trading.

Not just Financial News.
Many people have a misconception that forex news is all about financial news. Of course the financial and economy related news is the major concern but political events will have an impact as well. The election of a new government will affect foreign exchange values according to what the world speculates about the possible actions that will be taken by the new government in the financial sector.

Where to find Forex News?
As a trader you must be definitely interested in the world economy and when you access to information media such as television (CNBC), newspaper (FT) and internet, it is not difficult to keep yourself informed about the news that affect fore markets. With internet you don’t have to wait since there are hundreds of websites, online newspapers and forex sites which will provide you with live updates. However be careful not to get addicted to these sites since it is to get carried away with exciting forex news and you might spending way too much time searching for more forex news. In fact the best way is join a Forex Trading membership site like Pip Mavens Inner circle where you will get up to date forex news and trading advice. So that you don’t have to spend your valuable time for foreign exchange news research and instead concentrate on actual trades.

Forex Charts Relative Strength Index

Today let’s learn what is Relative Strength Index in forex charts. The Relative Strength Index or RSI is a very popular indicator that can be used to identify oversold and overbought markets on forex charts. It is a momentum oscillator developed by Welles Wilder that compares the size of a currency’s recent gains to the size of its recent losses and expresses this as a number between 0 and 100.

In most cases, a reading of less than 30 indicates an oversold market and a reading of over 70 indicates an overbought market. Some traders prefer to wait for a stronger signal by setting the marker lines at 20 and 80. Crossing these lines can be used as a buy and sell signal respectively.

The Relative Strength Index can also be used to identify or confirm trend formation at a glance. There is a center line at 50. If you consider that the market may be on the point of forming a new uptrend, take a look at the RSI and check that it is above 50. This is a bullish signal, indicating that average price gains are higher than average losses. In the same way if you suspect that a downtrend is forming, check the RSI shows below 50.

When we talk about trends here, of course we are not looking at short term fluctuations in the market. These trends may last for several months. So this is not a tool for day traders.

The RSI is a running calculation that relies for its accuracy on the number of past time periods that are used in the calculation. Depending on your charting package you may be able to vary this parameter. 14 is generally the minimum. Increasing this number will improve the accuracy of the RSI but will mean that it does not pick up on a new trend so early. So you have to balance the advantage of getting in on a new trend near the start, with the disadvantage of sometimes opening a trade on a false signal.

The RSI is a very popular tool because it gives the trader so much useful information in such a simple form. If you start using regularly you will probably find that it pays off. Indeed, it may be tempting to rely only on RSI for your signal to enter the market. However, it is never wise to depend on only one indicator. They all have their failings and will let you down when you least expect it. You should always confirm your findings by checking with the stochastic or another indicator on your forex charts. Let me quote John who’s customer feedback can be seen of forex killer review page. Do not let a forex robot or chart to dictate a trade, it just support a trading decision based on on good fundamental and technical analysis. No software can substitute trader experience.

MACD indicator

What is MACD Indicator used in Forex Trading?
The MACD indicator or Moving Average Convergence Divergence indicator is a tool used in forex analysis. MACD IndicatorThough MACD indicator is one of the most valuable forex tools in technical analysis not many traders are utilizing it to the full extend. This is mainly because many traders often assume that MACD indicator is a complicated tool which is difficult to use. The truth though is that if you can spend some time to learn and understand this useful forex tool, you will be able to trade a lot better and make more profits.

The MACD Analysis
The name Moving Average Convergence Divergence might sound rather complex and sadly most people don’t even try to learn about this currency trading tool because of this complicated name. So new traders often prefer automated forex trading software programs like FAP Turbo or Forex Megadroid instead of utilizing a forex signal service like Forex Ambush and analyzing it with forex tools like MACD indicator. Even though these forex software can make you money, a solid manual trading system (see Forex Confidante Review and LMT Forex Formula) coupled with good technical analysis is the key to big profits.

Similar to most forex tools, MCAD indicator can identify and alert us when a new trend is forming, so that you can get in on it and make money. The MACD indicator accomplishes this by plotting the correlation between two moving averages.
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Forex Trading Made EZ

Forex Trading Made E-Z is a system developed by George C Smith a former US Flight Captain. In this This Forex Trading Made EZ review we will examine the strategies and training materials and see what customers feel about this system.

What is included in Forex Trading Made Easy (E-Z)
There is one main manual and 12 training videos in the Forex Trading Easy package. The main forex system manual is a downloadable pdf (adobe acrobat) file. Inside the file you will see plenty of detailed info including forex charts and illustrations. Each forex training video is linked within the main manual at the appropriate place so that it is easy for you to watch the videos.

Download Forex Trading Made E-Z ebook & Videos

Strengths of Forex Made EZ
The combination of pdf guide and videos in forex made easy is brilliant. It is easy to grasp the forex system when a forex expert is showing us live in the video. The 12 videos clearly explain us about the Forex Made Easy strategy. The 84 page no-fluff forex guide to the point and can be printed for future reference.

Weaknesses of Forex Trading EZ
If you are a complete beginner and read only the pdf guide you may not get a clear idea about the system. So it is important that you watch the forex made easy videos at each stage before you continue to the next chapter of the system.

Forex Trading Made Easy is a winning forex system and the support provided by George is excellent. All the customer reviews appears to be positive and the users have given excellent rating to this forex trading system.
Download Forex Trading Made E-Z | See the Training Videos Clips…