If you have been dreaming about a way to make a lot of money, you need look no further than forex trade software. There has been a lot of talk about lack of opportunity, but forex trade software remains an opportunity to make a load of cash. And making money on the forex market is not reserved for expert investors and day traders. Rather, anybody with a willingness to try something new has a great
opportunity to make a lot of moneyonline using forex trade software.
The forex market is the market on which foreign currencies are bought and sold. The global economy is affected on a daily basis by rising inflation. As such, for those who know how to time it just right, these currencies can be purchased and then sold for significant profits. There was a time when only the savviest investors knew how to play the forex market. However, some of these millionaires have gotten together and decided to release their strategies to the general public. These investors have created forex trade software which helps anybody make money on the forex market.
Once you purchase and install forex trade software, you can quickly begin making money. You do not need to have expertise in computers or the forex market to begin investing like the pros. Nor do you need a bundle of seed money; in fact, you can begin playing the forex market with very little money at all. All you need to do is install the software and then follow the simple commands. The forex trade software will tell you when to buy and when to sell, and all you need to do is point and click. In doing so, you can enjoy the same success as the pros. Use forex trade software today to make your dreams a reality.
Automatic-forex-trading-software-for
Having an automatic forex trading software to trade the forex market for you can free up a lot of your time and get you on track to increasing the size of your forex account. Many traders these days are now making the switch from manual trading over to using a forex robot to do their trading for them. This is because they are cheap to buy and work wonders for forex traders.
When trading manually a trader can only sit in front of the computer and trade the forex for so many hours each day. This limits his trading to maybe 40 hours a week at most. With an automatic forex trading software program you can have the program trade for you 24 hours a day for the five days of the week that the market is open. This becomes at least 120 hours per week, and this is all time that you can spend doing something else while the robot trades for you.
Recently these programs have become extremely profitable because they are working so well. Many traders just leave them on all week and watch their forex accounts grow week after week. The only trick now is to find the ones that are the most profitable. Many forex website have answered the call by creating forex robot review pages, where they find the most profitable forex robots and then list them in order. High speed internet and the forex market has made it almost too easy to create a side income completely on autopilot.
When trading manually a trader can only sit in front of the computer and trade the forex for so many hours each day. This limits his trading to maybe 40 hours a week at most. With an automatic forex trading software program you can have the program trade for you 24 hours a day for the five days of the week that the market is open. This becomes at least 120 hours per week, and this is all time that you can spend doing something else while the robot trades for you.
Recently these programs have become extremely profitable because they are working so well. Many traders just leave them on all week and watch their forex accounts grow week after week. The only trick now is to find the ones that are the most profitable. Many forex website have answered the call by creating forex robot review pages, where they find the most profitable forex robots and then list them in order. High speed internet and the forex market has made it almost too easy to create a side income completely on autopilot.
How-forex-trading-software-overcomes
Forex is a very enterprising business. People who got into it are in for massive amount of income. But while the earning potential is great, the risk involved is even greater.
This is the very reason why many people are apprehensive in joining the forex business. The fear of losing hard earned money is too much for them to handle. Today, however, that fear is no longer a factor. Software has been developed to minimize risk and maximize earning potential. Forex trading software does that and more. It automates the trading system so people with very little forex background can start trading without having to fear. What’s more, because it is automated it can be used by those with very little time to spare.
Forex trading software is designed for people who want to trade in forex market but are constrained by the some factors. These factors are known to keep people from joining or succeeding in the forex business. While some of the factors are easily overcome by earning knowledge, others are more persistent even for those who have already achieved certain degree of mastery of the forex trade. Let’s talk about these factors and how forex trading software overcomes them.
Complicated system
Forex is not easy. That is a fact that beginners would come to know first when they step out and start trading. To be able to trade effectively, a person needs to understand the whole system, develop strategies and persevere through series of failures. Attaining knowledge and expertise is not a guarantee that a trader will succeed. There are other factors that would have to be overcome first.
Risk
The biggest problem in the forex trade is that no matter how good a trader becomes the risk is still there and no amount of expertise can overcome it completely. A person may develop certain strategies to minimize the risk involved but it is still there.
Sponsored by Automated Forex Trading
Time consuming
A trader needs to sit in front of his computer and wait for positive developments in the currency trend in order to have a successful trade. Waiting can be very frustrating for a trader because forex is known for its volatility. Changes can happen faster that his ability to decide and complete a trade.
The factors above are inherent to the forex trade business. They are sources of major disappointments and setbacks for many traders whether they are new or not. Good thing there is software that can help in overcoming these factors. The forex trading software is developed to help the trader in dealing with the complex system by automating most of the difficult parts.
The trader doesn’t have to master the whole system any more. He can trade in just a push of the button.
With simple settings he can leave the system and be sure trade are made at the right time. As for the risk, it is still there but knowing that the automated system will do exactly what it is set to do will keep the trader worrying. In fact he could just sit back and relax while the system is doing all the jobs for him. This gives him all the time he needs to do the things he needs to do
This is the very reason why many people are apprehensive in joining the forex business. The fear of losing hard earned money is too much for them to handle. Today, however, that fear is no longer a factor. Software has been developed to minimize risk and maximize earning potential. Forex trading software does that and more. It automates the trading system so people with very little forex background can start trading without having to fear. What’s more, because it is automated it can be used by those with very little time to spare.
Forex trading software is designed for people who want to trade in forex market but are constrained by the some factors. These factors are known to keep people from joining or succeeding in the forex business. While some of the factors are easily overcome by earning knowledge, others are more persistent even for those who have already achieved certain degree of mastery of the forex trade. Let’s talk about these factors and how forex trading software overcomes them.
Complicated system
Forex is not easy. That is a fact that beginners would come to know first when they step out and start trading. To be able to trade effectively, a person needs to understand the whole system, develop strategies and persevere through series of failures. Attaining knowledge and expertise is not a guarantee that a trader will succeed. There are other factors that would have to be overcome first.
Risk
The biggest problem in the forex trade is that no matter how good a trader becomes the risk is still there and no amount of expertise can overcome it completely. A person may develop certain strategies to minimize the risk involved but it is still there.
Sponsored by Automated Forex Trading
Time consuming
A trader needs to sit in front of his computer and wait for positive developments in the currency trend in order to have a successful trade. Waiting can be very frustrating for a trader because forex is known for its volatility. Changes can happen faster that his ability to decide and complete a trade.
The factors above are inherent to the forex trade business. They are sources of major disappointments and setbacks for many traders whether they are new or not. Good thing there is software that can help in overcoming these factors. The forex trading software is developed to help the trader in dealing with the complex system by automating most of the difficult parts.
The trader doesn’t have to master the whole system any more. He can trade in just a push of the button.
With simple settings he can leave the system and be sure trade are made at the right time. As for the risk, it is still there but knowing that the automated system will do exactly what it is set to do will keep the trader worrying. In fact he could just sit back and relax while the system is doing all the jobs for him. This gives him all the time he needs to do the things he needs to do
How-to-make-money-trading-forex-online
There is no other market like Forex. The Forex market offers a trader an almost endless opportunity to make money online trading Forex. Open 24 hours a day, 6 days a week and offering a wide variety of currency pairs to suit your trading style, Forex is perhaps the best market to make money from. No matter if you swing trade, scalp, day trade or hedge, there is money to be made. Two of the most profitable trading styles are swing trading and scalping.
Scalping offers a trader the chance to make money by quickly opening and closing trades at lightning speed. Their profits are gleamed from the small movements in price and a trader being quick enough and fast enough to get in and out and seize the opportunity and money before the market moves back. While extremely risky, scalping offers enormous profits for those traders bold enough to challenge the market.
Swing trading, while a lot slower than scalping, offers traders the chance to profit from the enormous swings or movements in price that many currency pairs experience. Open usually for several days at a time, swing trading is the favourite of large corporate traders and banks. Their profits are gained from timing correct entry points when a currency pair retraces before it continues on with its move.
There is no other market like Forex. The speed and excitement a trader feels is matched only by the enormous potential to make money while trading Forex. No other market offers such opportunity as trading Forex online
Scalping offers a trader the chance to make money by quickly opening and closing trades at lightning speed. Their profits are gleamed from the small movements in price and a trader being quick enough and fast enough to get in and out and seize the opportunity and money before the market moves back. While extremely risky, scalping offers enormous profits for those traders bold enough to challenge the market.
Swing trading, while a lot slower than scalping, offers traders the chance to profit from the enormous swings or movements in price that many currency pairs experience. Open usually for several days at a time, swing trading is the favourite of large corporate traders and banks. Their profits are gained from timing correct entry points when a currency pair retraces before it continues on with its move.
There is no other market like Forex. The speed and excitement a trader feels is matched only by the enormous potential to make money while trading Forex. No other market offers such opportunity as trading Forex online
Forex-megadroid-is-forex-megadroid
The use of automated softwares or robots is becoming a culture in foreign exchange markets. Many of the traders are moving towards the use of several automated forex softwares that can assist them in making decisions about forex trade. The struggle against all the possible shortcomings and flaws that come in the way has also become vehement. All the forex softwares that are available to the traders is developed using a unique concept. The core concept of every forex robot determines its accuracy of its market forecast.
Forex softwares available in the market claim to be user friendly but later when the traders buy these softwares, these claims come up to be mere lies. Most of the softwares available in the family of forex trading are later found irritating despite of all the claims by the developers or vendors. The second problem that most of the traders face is that they could not help themselves use the software. However, most of the reviews and user feedbacks about Forex Megadroid are positive. The traders whether they are experienced or not, find Megadroid easy to use software. Thus they spend much of their time in trading and not learning with the software and quarreling with the computer.
Many of the forex softwares available for traders' works only if the market changes are not abrupt and fluctuating. The forecast made by many forex softwares in fluctuating market conditions does not prove to be true. The reason is that they are only programmed to work in certain market conditions. But as the market conditions change, forex robot is unable to understand and forecast the market trends. Forex megadroid is able to work in fluctuating market conditions because it claims to use a new technology as the core of it artificial intelligence system. This new technology is called the Reverse Correlated Time and Price Analysis or RCTPA. Using this technology forex robot is able to use historic as well as current market data to forecast market conditions. It is always wise for the traders to first try any such software before actually buying to see whether it comes up to the claims of its developers or not.
Forex softwares available in the market claim to be user friendly but later when the traders buy these softwares, these claims come up to be mere lies. Most of the softwares available in the family of forex trading are later found irritating despite of all the claims by the developers or vendors. The second problem that most of the traders face is that they could not help themselves use the software. However, most of the reviews and user feedbacks about Forex Megadroid are positive. The traders whether they are experienced or not, find Megadroid easy to use software. Thus they spend much of their time in trading and not learning with the software and quarreling with the computer.
Many of the forex softwares available for traders' works only if the market changes are not abrupt and fluctuating. The forecast made by many forex softwares in fluctuating market conditions does not prove to be true. The reason is that they are only programmed to work in certain market conditions. But as the market conditions change, forex robot is unable to understand and forecast the market trends. Forex megadroid is able to work in fluctuating market conditions because it claims to use a new technology as the core of it artificial intelligence system. This new technology is called the Reverse Correlated Time and Price Analysis or RCTPA. Using this technology forex robot is able to use historic as well as current market data to forecast market conditions. It is always wise for the traders to first try any such software before actually buying to see whether it comes up to the claims of its developers or not.
Few-things-you-should-know-about-forex
With the continuous rise of technology, many of our daily tasks have become easier. Not only that, there are now more ways for us to make money without having to leave the home. One such example is trading forex right from your own computer. If you are thinking of entering foreign exchange trading, then here are a few things you should know so you can maximize what it offers you.
1. Finding the right forex software can mean a lot both to the newbie trader and the seasoned one.
It is not only the new traders who can benefit from foreign exchange software. Seasoned traders can also benefit from them as it can make the task of market monitoring easier and more convenient. As for the new trader, software can allow you to engage in trade even before you become expert at it - something that can take quite a while for most.
2. Forex software is not a lazy man's excuse to make money
While many say that the excitement is removed from the use of software, it is not exactly true. Software allows you to trade for real and to make or lose profits in real life. Thus, the thrill and excitement is never removed. What foreign exchange software does is to allow close and more consistent monitoring over the market and also to trade automatically.
3. Forex software is not a surefire thing to make profits.
Do not be fooled when someone says that a certain program can guarantee you lots of profits. As with any kind of program, there are still risks involved. However, it would be wise not to focus on the possible risks involved (as you would be facing them in an automatic or manual trade) but on the fact trading can be more calculated and easier with trusted software.
1. Finding the right forex software can mean a lot both to the newbie trader and the seasoned one.
It is not only the new traders who can benefit from foreign exchange software. Seasoned traders can also benefit from them as it can make the task of market monitoring easier and more convenient. As for the new trader, software can allow you to engage in trade even before you become expert at it - something that can take quite a while for most.
2. Forex software is not a lazy man's excuse to make money
While many say that the excitement is removed from the use of software, it is not exactly true. Software allows you to trade for real and to make or lose profits in real life. Thus, the thrill and excitement is never removed. What foreign exchange software does is to allow close and more consistent monitoring over the market and also to trade automatically.
3. Forex software is not a surefire thing to make profits.
Do not be fooled when someone says that a certain program can guarantee you lots of profits. As with any kind of program, there are still risks involved. However, it would be wise not to focus on the possible risks involved (as you would be facing them in an automatic or manual trade) but on the fact trading can be more calculated and easier with trusted software.
Making-money-with-automated-forex
Making money these days is not as hard as making it a few years ago. Thanks to technology, we now have access to more legit money-making schemes without having to change our daily routines drastically. One example of this is to make money through foreign exchange. If, in the old times, we can trade forex using banks, we can now trade foreign currencies and make profit from it right from our own home. This means that forex trading is no longer limited to financial bigwigs but also to every individual regardless of his expertise in finances and the foreign exchange market.
One thing that made this possible is the use of automated forex software. This type of software is developed not only to aid in actual trading but also to closely monitor and watch the foreign exchange market. With automated software, the concept and practice of trade becomes easier, more convenient and at most times, more effective. This is especially true not only to seasoned traders but also to new ones who need the guidance provided by such programs or robots.
If you want to make money without getting a second job or without having to sacrifice your daily routine or schedule, or if you simply want to take on the excitement and thrill associated with forex trade, then be sure to get yourself a dependable automated forex software from a trusted company. Investing in good and reliable automated software can make a huge difference in making you a successful trader.
One thing that made this possible is the use of automated forex software. This type of software is developed not only to aid in actual trading but also to closely monitor and watch the foreign exchange market. With automated software, the concept and practice of trade becomes easier, more convenient and at most times, more effective. This is especially true not only to seasoned traders but also to new ones who need the guidance provided by such programs or robots.
If you want to make money without getting a second job or without having to sacrifice your daily routine or schedule, or if you simply want to take on the excitement and thrill associated with forex trade, then be sure to get yourself a dependable automated forex software from a trusted company. Investing in good and reliable automated software can make a huge difference in making you a successful trader.
Forex-robots-new-way-to-look-at-forex
In these modern times, we are indeed fortunate enough to have the luxury of technological advances that make a lot of our tasks easier. Not only that, quite many advances makes making money much easier. One such example is the use of forex software in the form of forex robots. These wonders are now easily accessible and can make the world of foreign exchange trading available to every individual.
Forex robots can be your trading guide.
If you want to have reliable software that can guide you as to the best times to buy and sell currency, then forex robots can do the job. With a good robot, you can expect to read the value fluctuations correctly and make wise decisions as to when the best time to trade is. Of course, the primary consideration is to trade at times that would bring you profits.
Foreign exchange robots can be your market watch ally.
The foreign exchange market can be very difficult to understand given that it fluctuates and changes daily. It becomes all the more complicated if you are a new trader. With a reliable forex software or robot, you can closely monitor the foreign exchange market 24 hours a day, five days a week - giving you the tough advantage over those who simply rely on human capabilities (and limitations) to trade.
Forex robots can be bought and utilized online.
Now, you do not have to go far to search for the best robot or software for your trading needs. You can get a forex robot online and you can utilize it to trade real time right from your PC. Of course, it would be wise to scrutinize the available products first before you purchase one especially if you do not want your money wasted on software that does not meet your expectations.
Forex robots can be your trading guide.
If you want to have reliable software that can guide you as to the best times to buy and sell currency, then forex robots can do the job. With a good robot, you can expect to read the value fluctuations correctly and make wise decisions as to when the best time to trade is. Of course, the primary consideration is to trade at times that would bring you profits.
Foreign exchange robots can be your market watch ally.
The foreign exchange market can be very difficult to understand given that it fluctuates and changes daily. It becomes all the more complicated if you are a new trader. With a reliable forex software or robot, you can closely monitor the foreign exchange market 24 hours a day, five days a week - giving you the tough advantage over those who simply rely on human capabilities (and limitations) to trade.
Forex robots can be bought and utilized online.
Now, you do not have to go far to search for the best robot or software for your trading needs. You can get a forex robot online and you can utilize it to trade real time right from your PC. Of course, it would be wise to scrutinize the available products first before you purchase one especially if you do not want your money wasted on software that does not meet your expectations.
Selection-of-forex-broker
With currency trading becoming ever more popular, the number of brokers is growing at a rapid rate. What should one look at when deciding which broker to open an account with? These are the important points to consider.
Spread
Because currencies, unlike futures and stocks, are not traded through a central exchange, the spread can be different depending on the broker you use, so it's well worth checking a few out before you open an account. Most forex brokers publish live or delayed prices on their websites so you can compare spreads, but check if the spread is fixed or variable. A fixed spread means exactly that — it will always be the same no matter what time of day or night it is. Some brokers use a variable spread, which might appear to be nice and small when the market is quiet, but when things get busy they can widen the spread which means the market must move more in your favor before you start to make a profit. Fixed spreads are generally slightly wider than the variable spreads are when at their narrowest, but over the long term fixed can be safer.
Execution
Some brokers will show live prices on their trading platform, but will they honor them when it comes to pushing the Buy or Sell button? The best way to find out is to open a demo account and give them a test drive. This will also give you the opportunity to see what the speed of execution is like — when you want to buy, you want to buy now, not sit around waiting for ten minutes whilst your order is confirmed!
Trading Platform
Good trading software will show live prices that you can actually trade at, not just indicative quotes. It will offer Limit and Stop orders, and ideally will let you attach these to your entry order. One-Cancels-Other orders are another useful feature — they mean you can set up your trade and then leave the software to get on with it. And the most important feature of all — can you actually understand the platform? Having all the bells and whistles is of no use if you can't use them, so again, get a demo account and give it a go.
Support
Forex is a 24 hour market, so your broker should offer 24 hour support. You might not be trading at 3am, but that could be what time it is in your brokers head office on the other side of the planet, so make sure there will be somebody there to pick up the phone if things go wrong. You should also check if you can close positions over the phone — essential in case your PC or internet connection crash at a critical moment.
Backing
Finally, before opening an account do a little homework and find out about the company. Forex brokers are regulated, but that doesn't mean they all have equal backing. If the market collapses, you want to know that they've got the reserves to cope with it and will still be around when you decide to withdraw your cash. If a broker is elusive when it comes to questions about their parentage and financial backing, then steer clear.
In Conclusion
Choosing a forex broker isn't difficult, but don't rush the decision. Check out a few, and always get a demo account first to make sure you're happy with the way everything works before sending off your opening balance.
Spread
Because currencies, unlike futures and stocks, are not traded through a central exchange, the spread can be different depending on the broker you use, so it's well worth checking a few out before you open an account. Most forex brokers publish live or delayed prices on their websites so you can compare spreads, but check if the spread is fixed or variable. A fixed spread means exactly that — it will always be the same no matter what time of day or night it is. Some brokers use a variable spread, which might appear to be nice and small when the market is quiet, but when things get busy they can widen the spread which means the market must move more in your favor before you start to make a profit. Fixed spreads are generally slightly wider than the variable spreads are when at their narrowest, but over the long term fixed can be safer.
Execution
Some brokers will show live prices on their trading platform, but will they honor them when it comes to pushing the Buy or Sell button? The best way to find out is to open a demo account and give them a test drive. This will also give you the opportunity to see what the speed of execution is like — when you want to buy, you want to buy now, not sit around waiting for ten minutes whilst your order is confirmed!
Trading Platform
Good trading software will show live prices that you can actually trade at, not just indicative quotes. It will offer Limit and Stop orders, and ideally will let you attach these to your entry order. One-Cancels-Other orders are another useful feature — they mean you can set up your trade and then leave the software to get on with it. And the most important feature of all — can you actually understand the platform? Having all the bells and whistles is of no use if you can't use them, so again, get a demo account and give it a go.
Support
Forex is a 24 hour market, so your broker should offer 24 hour support. You might not be trading at 3am, but that could be what time it is in your brokers head office on the other side of the planet, so make sure there will be somebody there to pick up the phone if things go wrong. You should also check if you can close positions over the phone — essential in case your PC or internet connection crash at a critical moment.
Backing
Finally, before opening an account do a little homework and find out about the company. Forex brokers are regulated, but that doesn't mean they all have equal backing. If the market collapses, you want to know that they've got the reserves to cope with it and will still be around when you decide to withdraw your cash. If a broker is elusive when it comes to questions about their parentage and financial backing, then steer clear.
In Conclusion
Choosing a forex broker isn't difficult, but don't rush the decision. Check out a few, and always get a demo account first to make sure you're happy with the way everything works before sending off your opening balance.
Forex-origin
The origin of Forex trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon.
In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.
Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today's modern currencies.
Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in Forex market activity. From 1931 until 1973, the Forex market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the Forex markets during these times was little.
In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.
Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.
The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960's. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970's following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.
The last few decades have seen foreign exchange trading develop into the world's largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.
The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.
In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.
While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The Forex exchange market initially worked under the central banks and the governmental institutions but later on it accommodated the various institutions, at present it also includes the dot com booms and the world wide web. The size of the Forex market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world. Approximately 1.9 trillion dollars are traded daily in the foreign exchange market. It is estimated that more than USD 1,200 Billion are traded every day. It can be said easily that Forex market is a lucrative opportunity for the modern day savvy investor
In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.
Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today's modern currencies.
Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in Forex market activity. From 1931 until 1973, the Forex market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the Forex markets during these times was little.
In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.
Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.
The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960's. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970's following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.
The last few decades have seen foreign exchange trading develop into the world's largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.
The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.
In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.
While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The Forex exchange market initially worked under the central banks and the governmental institutions but later on it accommodated the various institutions, at present it also includes the dot com booms and the world wide web. The size of the Forex market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world. Approximately 1.9 trillion dollars are traded daily in the foreign exchange market. It is estimated that more than USD 1,200 Billion are traded every day. It can be said easily that Forex market is a lucrative opportunity for the modern day savvy investor
Introduction-to-forex-exchange
Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.
Another form of exchange rate is known as pegged exchange rate. This is a system where the value of the exchange rate is fixed by the government of a country and not the supply and demand of the market. This system is called pegged exchange rate because the value of a country’s currency is fixed to another country’s currency. As a result, the value of the pegged currency will not fluctuate unlike the floating currency. The working principle behind this system is slightly complicated where the government of a country will fixed the exchange rate of their currency and when there is a demand for a certain currency resulting a rise in the exchange rate, the government will have to release enough of that currency into the market in order to meet that demand. However, there is a fatal flaw in this system where if the pegged exchange rate is not controlled properly, panics may arise within the country and as a result of that, people will be rushing to exchange their money into a more stable currency. When that happens, the sudden overflow of that country’s currency into the market will decrease the value of their exchange rate and in the end, their currency will be worthless. Due to this reason, only those under-developed or developing countries will practice this method as a form to control the inflation rate.
However, the truth is, most of the countries do not fully practice the floating exchange rate or the pegged exchange rate method in reality. Instead, they use a hybrid system known as floating peg. Floating peg is the combination of the two main systems where one country will normally fixed their exchange rate to the US Dollars and after that, they will constantly review their peg rate in order to stay in line with the actual market value.
The Foreign exchange market, or commonly known as FOREX, is the largest and most prolific financial market because each day, more than 1 trillion worth of currency exchange takes place between investors, speculators and countries. From this, we can deduce that the actual mechanism behind the world of foreign exchange is far more complicated than what we may already know, and that, the information mentioned earlier is just the tip of an iceberg.
Forex Broker
Most FOREX traders use a broker to handle their transactions. What exactly is a broker? Strictly speaking, a broker is an individual or a company that buys and sells orders according the investor's decisions. Brokers earn money by charging a commission or a fee for their services.
A FOREX broker needs to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States a broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.
Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.
The best advertising is word-of-mouth advertising, and this is just as valid in FOREX trading as it is for any other type of business. Talk to friends and associates to see who they are dealing with and find if they have any complaints or difficulties in dealing with a particular broker.
You could try selecting a few online brokers and contact their Internet help desks to see how quickly they respond to enquiries and whether or not they answer questions to your satisfaction. Keep in mind, however, that pre-sales service may be better than after sales service. This can be true for any online business, not just FOREX brokers.
Customer satisfaction and safety are just part of the story. You want to find a broker who executes orders quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage. They should be able to tell you how much slippage can be expected in both normal and fast-moving markets.
Next you want to know the fees involved. What is the spread? Is spread fixed or variable according to the type of account? Are mini accounts subject to wider spreads? Are there any other charges? Smaller spreads mean more profit for the trader, but there may be a trade-off between spread and service. Look at the overall picture before deciding to go with a particular broker.
Margin accounts are the lifeblood of FOREX trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.
Trading software is very important for the online FOREX trader. Get a feel for the options that are available by trying out a demo account at a few online brokers. Above all, you are looking for reliability and the ability to perform well in fast-moving markets. The software should offer automatic trading and may have special features such as trailing stops and trading from the chart. Some features may only be available at an extra cost, so be sure you understand what your trading needs are and how much the broker charges to provide them.
Other information to find out about includes the broker's policy regarding minimum account balances, interest payments on account balances, which currencies can be traded and whether or not non-standard sized lots can be traded. You should also find out whether clients' funds are insured and the extent of that insurance.
why-should-i-invest-in-shares
Almost everyone worldwide has an interest in shares, whether they realize it or not. Millions of people around the world own shares directly. However, many millions more have an indirect stake in the stock market through pension schemes, life insurance policies, NIT units, and other mutual funds. All of these, invest in shares traded on the stock market.Today, increasing number of people own shares around the world, while many more invest in pension schemes, have an insurance policy, National Saving Schemes (NSS) or another form of collective savings invested in shares traded in stock markets.However, investing in shares is different from saving in a bank or National Saving Scheme. There is more risk - but there is the opportunity for better reward over the longer term. With deposit accounts, you earn interest on your capital. When you take your cash back, you get back exactly the same amount that you first deposited (plus the interest it has earned). With shares, you may receive dividends but when you sell those shares, you might get back more than you bought them for, which is your reward for taking a risk.Nevertheless, because shares can go up as well as down in value, it is important to understand that taking a risk means you might get back lesser than you had invested initially. You can minimize your risk by investing in different shares or a collective fund. There is, however, the possibility of greater rewards. Funds invested in equities in the long term (five or more years) have outperformed regular saving accounts.You should remember that saving through the stock market should be seen as a long-term investment. Historically, money invested in shares over the long term (ten or more years) has almost always outperformed regular saving accounts.Before investing in stocks and shares, you should understand your own financial position and what you hope to achieve with your investments. Your regular financial obligations should be protected and preparation should be made for unexpected expenses
Dealing with trading anxiety
Always keep your trading systems simple. Too much information at one time on your trading screen could confuse and delay your decision to trade.
Broker - A lot of Forex brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.
Sample the Environment - It is important to remember that many registered and online trading agents have fictitious platforms which mirror the real-time, live platform clients register and trade on. It is not only advisable, but it is also actively encouraged to initially open a 'dummy' account where fictitious Forex trades can be undertaken that closely reflect what real trades may be like when they are eventually undertaken. Such platforms are designed to give those that are new to Forex a feel and an idea what real trades on live markets will be like when the decision is made to begin trading.
Buy low, Sell high - Forex trading does not involve the physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs. The potential for profit comes from the fluctuations in the currency exchange market. Regular daily fluctuations in the value of one currency against another give a clear advantage over conventional stock market equities and instruments. See Trading Illustration Only
Manage Losing Positions - Trades will sometimes inevitably on occasion go against you. It is important to accept them as an inherent part of trading. Cut your losses and move on having learned from any mistakes made. Always remember however that you will not be able to trade without losing some positions. It is important to manage these well.
Patience - Do not over-trade your account. Good money management practice is important and will help with profitability. This will go a long way in helping you develop a strategy which fits with your personal trading capital. Operate a trailing stop loss policy say 15 to 20 pips behind the trade. Minimize your good trades as long as you are confident.
Flexible Mindset - Don't set yourself false targets and expectations. Experts will tell you trading is not an exact science and setting oneself unattainable targets will only lead to frustration and feeling of failure when these targets are not met. Always maintain an open mind. The market is a constantly changing environment tunes your mindset to understand this.
And lastly but definitely not least, it is most important for all market participants to remember that unique experiences and past performances do not guarantee future results. Trading results can vary in any combination of circumstances. If you do not have extra capital that you can afford to lose, you should not trade in the foreign exchange market.
Invest wisely and take advantage of the resources and technology available to you in the market.
on-location-forex-trading-courses
Foreign Exchange trading (also called Forex, FX, or currency trading) describes trading in the many currencies of the world. It is the largest and least regulated market providing the greatest liquidity to investors. Daily volume in the currency markets is around $1.5 trillion. By comparison, the NYSE daily volume averages $25 billion a day.
We provide the very best in Forex Training. We will teach you all aspects of the Forex trading world using the latest tools and software. You will learn to control your own order flow by using “state-of-the-art” Forex Trading Platforms with some of the best of breed Forex Dealers. You will learn how the Pros make money and learn the differences between Forex and equities trading. Decide for yourself which is the best instrument for you. Don’t be surprised to find that you can use BOTH in harmony. Forex offers 50 to 1 leverage and 24/6 trading hours – trade in the evenings, trade in the early morning before work. Learn to trade with discipline, a plan and the technical tools that the World Currency Traders use. Whether you are a novice or an advanced trader, now you can have the most comprehensive and professional learning experience available today.
On-Location Courses
Although the Internet has brought about the advent of the "virtual classroom," sometimes there is nothing better than saying "Been there, done that!" For many of you, the best way to learn something new is to remove yourself from life's daily distractions and go to a real classroom. The advantages of taking our courses in our physical locations are many:
1. Hands-On Training
Practice with real data and quotes on state-of-the-art trading software. During our courses, there is an atmosphere you can concentrate in, which is important now that we offer live trading in the classroom! You will participate in live trading with your instructor and call the trades. You will be able to practice the techniques and tactics on your own computer trading station, using the same Platform as your Instructor.
2. Education for Free
Our education programs are recognized, accepted and encouraged by leading FCM's. . You may be eligible for additional tickets discounts through our affiliated FCM's, such as $5 per ticket for 60 days after you take a course - an additional savings over and above the cost of the course.
3. Emphasis on Risk-Management
We help you develop your Risk Management skill through discipline and capital preservation. You will be taught and required to develop a Trade Business Plan that the Instructor will review and comment on to ensure that you develop a winning program.
4. Multiple Locations
Online Trading Academy offers its classes in multiple location throughout the world.
5. Trading Pros in Your Classroom and at Home
Obviously, you will have the "best of the best" in the Classroom. Online Trading Academy’s cadre of Instructors are all screened for their knowledge, past experience and their ability to communicate. Online Trading Academy also offers you a continued education for "after class" – when you need further instruction or have questions about learned techniques.
