Comments on: Learning Forex Trades

By: Hanuman

Hanuman — Thu, 25 Jun 2009 18:29:39 +0000

By: rahul

rahul — Thu, 25 Jun 2009 17:30:41 +0000

1. See links below
2. Need to know fundamentals that can affect currency price. Like what news is coming out – data and stats that are being released and when as some can move markets quickly.
3. You need to know your exit plan when you first place your trade. Know when your break even point is and at what price you are comfortable to take a loss and to take a profit.
4. Most widely used indicators are the most basic ones – KISS! keep it simple stupid! Moving averages, MACD, Bollinger, Candlesticks are what most traders use.

By: Gyromite

Gyromite — Wed, 24 Jun 2009 11:30:15 +0000

I like the strategy of having a MAP (Minimum Acceptable Profit) objective of 15 pips. You might try a slight modification of this by trading an even number of lots and sell half the lots when you hit your MAP of 15 pips and let the other half ride with a fairly tight trailing stop. This way if you are in an upturn you can go along for the ride knowing that you are already in profit.

I used to use a similar strategy for about 3 years when I was a technical trader. It was actually quite successful but I found myself spending quite a few hours glued to the computer. For the past 6 months I have been enjoying the simplicity and profitability of conservative hedge trading strategies.

If you send me an email I can send you an analysis and you can compare the two trading techniques.

Keep up the good work.

Paul

By: badeola

badeola — Tue, 23 Jun 2009 18:49:23 +0000

Hello,

Definatly babypips.com

Tom
http://www.wealthymarketer.net

By: Harve

Harve — Tue, 23 Jun 2009 07:33:39 +0000

I trade stocks, commodities and have traded forex. I have made and lost money at all three. Forex is a very quickly moving market and you must use stops when you trade. You need to plan your entrances and exits very carefully, but there are times your best laid plans will go against you, and sometimes, you can sail right through your stops and leave you reeling. Before you trade any market, paper trade, and get a feel for your risk tolerance. There are now ways to invest in currencies on the stock market, through Exchange Traded Funds. These move slower and have less risk. You can also check out http://www.everbank.com. They have CD's tied to foreign currencies. You need to read and educate yourself thoroughly before you risk your money. Don't forget, currencies are influenced by a lot of factors-government interventions, inflation, all kinds of unexpected things happen.
if you think you can make a living at this, you can, but it is hard. To do that, you have to be prepared to lose money sometimes. No trader has wins, only. But, only those who control risk can play another day, otherwise you can get wiped out fast. One reason is because these are highly leveraged markets- that works to your favor because you don't put up much $ to control a contract, but you are on the hook for a great deal of money, and could be subject to a margin call if the market moves against you. That is serious stuff. Don't make a move until you are thoroughly familiar with the market, how it moves, and how you will control your risks. Good luck, and happy trading.

By: nan m

nan m — Tue, 23 Jun 2009 04:36:23 +0000

here are some websites that can aid you on forex trading or anytning else relating to foreign exchange.

By: dejjy

dejjy — Mon, 22 Jun 2009 21:22:26 +0000

This is just an introduction of the many articles in the website http://www.forextradinghq.com This is just an intro of the article, go the links below to read the other helpful and free articles, which have assisted me in learning the fundamentals of forex-trading.

This is a proper introduction to foreign exchange for everyone who misunderstood that term. The Australian foreign exchange market can be considered as the next big thing in investment. Over these years, Australian investors have become more active in chasing their investment goals. Australian’s are more likely to hold direct shares than in previous years and Australian Stock Exchange (ASX) shareholder surveys have shown a higher level of direct share ownership.
Equity derivatives in the market like options, warrants and contracts for difference have become more familiar with the Australian public, with Options traded on the ASX showing running record levels over the past years with growth in activity coming from retail investors.

We are also trading in international equity markets, purchasing highly sophisticated structured equity products and moving into the stage of credit derivatives through collateralized debt obligations (CDOs). We have also have a growing attitude for greater risk where Gearing has become standard feature in the financial planning process; market lenders have reported that their loan books have been rising at more than 20 percent every year.

By: getafreeiphone1

getafreeiphone1 — Mon, 22 Jun 2009 14:32:48 +0000

Thanks for the info, ill check it out

By: Terry H

Terry H — Mon, 22 Jun 2009 13:29:32 +0000

why not practice first and try some for free
check this out
http://www.marketiva.com/?gid=218

By: Lady M

Lady M — Mon, 22 Jun 2009 13:23:02 +0000

Those who can do, those who can't sell their secrets.

If a person claims to be making money in any market, they'll keep at it and not share their secrets to any one. Doing so will lessen its effectiveness and they will soon lose their edge.

When a person is making money trading the markets, big money will seek them out and ask them to trade for them.

Consider this: A person who makes 25% profit annually is a king of wall street. Many top flight money managers would give away their first born child to be able to do this. A trader who can double his money in a year is a star–as rare as a pop musician or a top athlete.

If you can make 30% annually, people will beg you to manage their money. If you manage $10million, not an outlandish amount in today's markets, your management fee alone can run to 6% of that, or $600,000 a year. If you make a 30% profit, you will keep 15% of it as an incentive fee, another 450k. You will earn over a million dollars a year trading, without taking big risks.

Given these numbers, why would any one want to share their secrets, their trading edge with any one else?

Hope this helps.
- Jim http://jsforex.blogspot.com