New Forex Trader


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Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of living and the instability of social security. You have to invest for your retirement, as opposed to saving for it!
Let’s start by taking a look at the retirement plan offered by your company. Once upon a time, these plans were quite sound. However, after the Enron upset and all that followed, people aren’t as secure in their company retirement plans anymore. If you choose not to invest in your company’s retirement plan, you do have other options.
First, you can invest in stocks, bonds, mutual funds, certificates of deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.
Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of living and the instability of social security. You have to invest for your retirement, as opposed to saving for it!
Let’s start by taking a look at the retirement plan offered by your company. Once upon a time, these plans were quite sound. However, after the Enron upset and all that followed, people aren’t as secure in their company retirement plans anymore. If you choose not to invest in your company’s retirement plan, you do have other options.
First, you can invest in stocks, bonds, mutual funds, certificates of deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.
Foreign exchange has always been traded against each other. However, the forex market was limited only to a few players until 1998. Access to this international currency exchange market was limited to a few big players like banks and multi national corporations. However, after 1998, this market has become accessible for most everyone. Even today these major players form up to 70% of the total volume of trade in the forex currency trading market.
The FX market is likewise better-known as the foreign exchange market. Dealing that takes place between two nations even if they have unique currencies thanks to the foundation of the FX market as well as the backdrop for the the dealing in this marketplace The forex marketplace is over 30 years old, founded in the early 1970’s that is not established on trading stock of any single business but the trading and selling of currencies.
The main difference between the fx market and the stock market is the incredible amount of trading that takes place an amazing two trillion dollars or more can be traded each day A much higher amount than the money traded on any given country’s stock market.Forex markets go far beyond basic supply and demand figures. Everything that affects the political & economical situation of the two nations involved in a forex pair has some bearing on the value of the two currencies against each other.
Forex traders have plenty of fundamentals to consider as they are bombarded by news broadcasts, government reports, newsletters, brokerage firm research, television analysts, and many other sources.
The challenge is not finding information, but in determining what is most significant and interpreting the likely effects on the markets.
The MAM is the essential trading software solution for asset managers. Simplicity, versatility and user-friendliness make this product a powerful tool for simultaneous account trading and tracking. Among its many features, the MAM lets you view multiple accounts at a glance, allowing for trading on multiple accounts in one single order with the same execution price.
The MAM also gives you:
Unlimited number of accounts, which can be traded simultaneously.
Overview of open trades, balances and margin levels for each account.
Simultaneous opening and closing of orders for multiple accounts according to a predefined amount, such as the same amount on all accounts, or proportionally to the account’s equity ratio or free margin.
Simultaneous placing, modifying or deleting of multiple pending orders.
News, alerts, streamline trading, opening of hedge positions.
Choosing the best foreign exchange broker for your needs will mean some research on your part, but its is worth taking a little time choosing - you really need to decide a, whether the broker you choose is honest, b, the fees you will be charged and c, which broker is likely to suit your trading style and philosophy. Are you a smash and grab merchant or in for the long haul?
The Forex market is an “unregulated” market, which is unlikely to change in the near future. But there are agencies where brokers can register themselves and certain government bodies in the USA are making an effort to educate the public about foreign exchange trading. In the United States a broker can register as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and join the NFA. The CFTC and NFA were created in order to protect the public against fraud, scams and abusive trade practices.
Whenever we buy stocks or shares in our Renting Stocks portfolio, the first thing we do is buy insurance to protect the stock or share in case of a big fall (or even a wipeout) in price.
If you are a landlord and you buy a house and rent it out, the first thing you do is to make sure your new house is insured (in fact the bank will probably make you do it anyway). You want to make sure that if your tenants don’t pay rent, or if they damage the property, or even if they burn it to the ground, you are covered for any losses.
No-one buys a house without insurance, and we apply the same principle to our Renting stocks or shares portfolio.
Forex (Foreign Exchange) is the name given to the "direct access" trading of foreign currencies. With an average daily volume of $1.4 trillion, forex is 46 times larger than all the futures markets combined and, for that reason, is the world's most liquid market. In the past, forex trading was limited largely to enormous money center banks and other institutional traders. But in just the past few years, technological innovations and the development of online trading platforms allow small traders to take advantage of the significant benefits of trading foreign currencies with forex.
In contrast to the world's stock markets, foreign exchange is traded without the constraints of a central physical exchange. Transactions are instead conducted via telephone or online. With this transaction structure as its foundation, the Foreign Exchange Market has become by far the largest marketplace in the world.
Buying and Selling
In the forex market, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another, but you can determine which pair of currencies you wish to trade. For example, if you believe the value of the euro is going to increase vis-?-vis the U.S. Dollar, then you would go long on EUR/USD instrument (currency pair). Obviously, the objective of forex currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought / sold one currency pair and has not sold / bought back the equivalent amount to effectively close the position.
When a private investor who purchases, let’s say: GBP/USD have to put down a deposit known as ”margin”, this is required rule. Also the sale of one currency involves the purchase of another, the seller of GBP/USD will have bought a volume of USD and will also have to put down margin.
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. The FOREX grew steadily throughout the 1980’s, but with the technological advances of the 90’s FOREX grew from trading levels of $50 billion a day to the current level of $3.5 trillion daily.
Currency Pairs
To change career and work from home is a step which has rescued literally thousands of people just like you and I, form the daily constraints of working too many hours, missing quality time with family, being thrust in the shadows without recognition and more..
Well if you feel like a change in caree
Bill Poulos provides further guidance as to risk management, discipline and the psychology of trading the currency market. He also provides you with some information about his Forex broker and how to use their trading platform.
So you want to make money by becoming a forex trader. Getting into the currency trading market can be quite intimidating at first. However, there’s no real reason to be, since you’re actually not competing against anyone; in fact a lot of traders are quite willing to share with each other since they’re looking to ride the market waves and profit.
News, you must realize, is just isn’t aimed at forex traders. Nothing you’ll ever hear will be directly informative to you as a trader, but you will hear information that eventually tells you where the economy is headed. Economic news is what makes currencies rise and fall. It is necessary to make sure you got that right. Good news, is good for currency and bad news is bad for currency.
Why do 90 to 95% of all FOREX traders lose money? Because they have no clue about the three Pillars to Profit. If you don't understand the three Pillars to Profit you are doomed, even before you started. Don't burn through your cash without knowing what it takes to succeed.
The FOREX animal is like a roaring beast, ready to rip you apart at first opportunity. Feed it with right stuff and it will defend you until it last breath. If you mess up his diet, you will be on his menu. If you don't know what you are doing, you are easy prey. Are you a sitting duck?
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