Forex Market Information Easily Accessible: There is a lot of information in stocks and also in forex. A trader research more on stock market to find trade opportunities but stock is simple to find trading opportunities. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.
We feel that the knowledge you've gained in analyzing stocks can easily be transferred to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well to many of the common technical indicators, such as MACD, RSI, and Candlestick charting.
To learn more about transitioning from trading equity markets to trading in the Forex market, contact the FXCM staff today at 888-503-6739.
Pay No Commissions: In the forex market costs are confined to the bid-ask spread. FXCM charges no commission or additional transaction fees, and its customer's trade on spreads provided to FXCM by some of the world's largest banks via the FX Trading Station. In the stock market, "no-fee" programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.
No Uptick Rule: Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.
Trade Around the Clock: The forex market is a near-seamless 24-hour market. Subject to available liquidity, FXCM offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (FXCM Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.
http://www.forextradinglead.blogspot.com
Tuesday, December 29, 2009
Friday, December 18, 2009
Global Forex Trading:- 3 powerful ways to be the best in forex trading
Someone sometimes ago ask me "Dr Forex" how can I be the best in my trading method. I told him you can be the best in everything you do if you can believe it and know that you are the best. Get these tips and had it to your trading plan.
(1) Your thought is powerful weapon to make cash from global forex trading when you get to the platform. Think, analyze and create before the trade and when you enter into the market apply everything that you have, think about and make sure you are emotionally balanced that means you are not under any pressure, and make sure you have make right decisions. So that you can make the amount you have targeted from the trade is why you planned the trade before hand. In the simple statement follow your thought.
(2) Know where the market is going:- that's know the movement of the price before you enter into any market. Know when to think, trade, and not to trade. Know the entering point and the exit point of the market. As a currency market is going p or down, what you care about is where the price is going to make cash. Many people are having problem in trading today because they can not figure out their right position, they sell when to buy and buy when to sell, that's means you are loosing and the funny think is that people lose without knowing that's why you must know the rule of the forex. You know playing a game without knowing the rule is like loosing without knowing.
(3) Have a trading plan:- that means trade a plan that best suit your treading method. Know the type of traders you are, are you a day trader or swing trader or long time trader. So when you know and plan the type of trader you want to become then work and gather information on it. If you are a day trader I think 20 pips is go for you a day. But be sure to develop yourself to according to the time you at your disposal. That yourself and if you are full time trader, you should know the type of information you must get.
(4) Currency:- every currency have there pairs and "personality" that means volatility, spread, average daily range. So know each pair very well, study them to know their strength and when to trade them. Use trading strategies that go hand in hand with the characteristics of the currency pair. Get more info
http://www.forextradinglead.blogspot.com
(1) Your thought is powerful weapon to make cash from global forex trading when you get to the platform. Think, analyze and create before the trade and when you enter into the market apply everything that you have, think about and make sure you are emotionally balanced that means you are not under any pressure, and make sure you have make right decisions. So that you can make the amount you have targeted from the trade is why you planned the trade before hand. In the simple statement follow your thought.
(2) Know where the market is going:- that's know the movement of the price before you enter into any market. Know when to think, trade, and not to trade. Know the entering point and the exit point of the market. As a currency market is going p or down, what you care about is where the price is going to make cash. Many people are having problem in trading today because they can not figure out their right position, they sell when to buy and buy when to sell, that's means you are loosing and the funny think is that people lose without knowing that's why you must know the rule of the forex. You know playing a game without knowing the rule is like loosing without knowing.
(3) Have a trading plan:- that means trade a plan that best suit your treading method. Know the type of traders you are, are you a day trader or swing trader or long time trader. So when you know and plan the type of trader you want to become then work and gather information on it. If you are a day trader I think 20 pips is go for you a day. But be sure to develop yourself to according to the time you at your disposal. That yourself and if you are full time trader, you should know the type of information you must get.
(4) Currency:- every currency have there pairs and "personality" that means volatility, spread, average daily range. So know each pair very well, study them to know their strength and when to trade them. Use trading strategies that go hand in hand with the characteristics of the currency pair. Get more info
http://www.forextradinglead.blogspot.com
Sunday, December 6, 2009
LEARN FOREX: What is forex trading?
Dear readers, I hope you really gained a lot from my previous writing. In recent times, there has been a misconception about the forex market and that's why I'm here to clear the air.
What is FOREX TRADING? IT is simply trading the major currencies of the world at the foreign exchange market which is open 24hours, 5days a week. What is traded on the forex market? The answer is money; forex trading is where the currency of one nation is traded for that of another.
Therefore, forex trading is always traded in pairs and most commonly traded currency pairs are traded against the U.S dollar (USD). They are called the majors. The major currency pairs are the Euro against the dollar (EUK/USD): the British pound against the dollar (GBP/USD): the dollar against the Japanese Yen (USD/JPY): and the dollar against the Swiss France (USD/CHF). The notable commodity currency pairs traded are the Canadian dollar (USD/CAD) and the Australian dollar (AUD/USD). Because there is no central exchange for the forex market, these pairs and their crosses are traded over the telephone and online through a global network of Banks, Multinational Corporations, Importers and exporters, brokers and currency traders. But if you really want to make it big in the forex market, I will strongly advise that as a "beginner" in the business kindly get acquainted with one or two major currency pairs. Study them very well and make sure you understand their volatility period.
And to further simplify forex trading you could easily limit your trading to the two most liquid and widely traded pairs, the EUR/USD and the GBP/USD. This really starts to reduce demand on your time for trading activities without giving up good profit potential.
Traditionally, currency trading has been a professional's only market, available exclusively to banks and large institutions. However, because of the invention of the new economy, online forex trading firms are now able to offer trading accounts to "retail" traders like you and I. Now almost anyone with a computer and an internet connection can trade currencies just like the world's largest banks do.
Dear readers, I hope you really gained a lot from my previous writing. In recent times, there has been a misconception about the forex market and that's why I'm here to clear the air.
What is FOREX TRADING? IT is simply trading the major currencies of the world at the foreign exchange market which is open 24hours, 5days a week. What is traded on the forex market? The answer is money; forex trading is where the currency of one nation is traded for that of another.
Therefore, forex trading is always traded in pairs and most commonly traded currency pairs are traded against the U.S dollar (USD). They are called the majors. The major currency pairs are the Euro against the dollar (EUK/USD): the British pound against the dollar (GBP/USD): the dollar against the Japanese Yen (USD/JPY): and the dollar against the Swiss France (USD/CHF). The notable commodity currency pairs traded are the Canadian dollar (USD/CAD) and the Australian dollar (AUD/USD). Because there is no central exchange for the forex market, these pairs and their crosses are traded over the telephone and online through a global network of Banks, Multinational Corporations, Importers and exporters, brokers and currency traders. But if you really want to make it big in the forex market, I will strongly advise that as a "beginner" in the business kindly get acquainted with one or two major currency pairs. Study them very well and make sure you understand their volatility period.
And to further simplify forex trading you could easily limit your trading to the two most liquid and widely traded pairs, the EUR/USD and the GBP/USD. This really starts to reduce demand on your time for trading activities without giving up good profit potential.
Traditionally, currency trading has been a professional's only market, available exclusively to banks and large institutions. However, because of the invention of the new economy, online forex trading firms are now able to offer trading accounts to "retail" traders like you and I. Now almost anyone with a computer and an internet connection can trade currencies just like the world's largest banks do.
http://www.forextradinglead.blogspot.com
What is FOREX TRADING? IT is simply trading the major currencies of the world at the foreign exchange market which is open 24hours, 5days a week. What is traded on the forex market? The answer is money; forex trading is where the currency of one nation is traded for that of another.
Therefore, forex trading is always traded in pairs and most commonly traded currency pairs are traded against the U.S dollar (USD). They are called the majors. The major currency pairs are the Euro against the dollar (EUK/USD): the British pound against the dollar (GBP/USD): the dollar against the Japanese Yen (USD/JPY): and the dollar against the Swiss France (USD/CHF). The notable commodity currency pairs traded are the Canadian dollar (USD/CAD) and the Australian dollar (AUD/USD). Because there is no central exchange for the forex market, these pairs and their crosses are traded over the telephone and online through a global network of Banks, Multinational Corporations, Importers and exporters, brokers and currency traders. But if you really want to make it big in the forex market, I will strongly advise that as a "beginner" in the business kindly get acquainted with one or two major currency pairs. Study them very well and make sure you understand their volatility period.
And to further simplify forex trading you could easily limit your trading to the two most liquid and widely traded pairs, the EUR/USD and the GBP/USD. This really starts to reduce demand on your time for trading activities without giving up good profit potential.
Traditionally, currency trading has been a professional's only market, available exclusively to banks and large institutions. However, because of the invention of the new economy, online forex trading firms are now able to offer trading accounts to "retail" traders like you and I. Now almost anyone with a computer and an internet connection can trade currencies just like the world's largest banks do.
Dear readers, I hope you really gained a lot from my previous writing. In recent times, there has been a misconception about the forex market and that's why I'm here to clear the air.
What is FOREX TRADING? IT is simply trading the major currencies of the world at the foreign exchange market which is open 24hours, 5days a week. What is traded on the forex market? The answer is money; forex trading is where the currency of one nation is traded for that of another.
Therefore, forex trading is always traded in pairs and most commonly traded currency pairs are traded against the U.S dollar (USD). They are called the majors. The major currency pairs are the Euro against the dollar (EUK/USD): the British pound against the dollar (GBP/USD): the dollar against the Japanese Yen (USD/JPY): and the dollar against the Swiss France (USD/CHF). The notable commodity currency pairs traded are the Canadian dollar (USD/CAD) and the Australian dollar (AUD/USD). Because there is no central exchange for the forex market, these pairs and their crosses are traded over the telephone and online through a global network of Banks, Multinational Corporations, Importers and exporters, brokers and currency traders. But if you really want to make it big in the forex market, I will strongly advise that as a "beginner" in the business kindly get acquainted with one or two major currency pairs. Study them very well and make sure you understand their volatility period.
And to further simplify forex trading you could easily limit your trading to the two most liquid and widely traded pairs, the EUR/USD and the GBP/USD. This really starts to reduce demand on your time for trading activities without giving up good profit potential.
Traditionally, currency trading has been a professional's only market, available exclusively to banks and large institutions. However, because of the invention of the new economy, online forex trading firms are now able to offer trading accounts to "retail" traders like you and I. Now almost anyone with a computer and an internet connection can trade currencies just like the world's largest banks do.
http://www.forextradinglead.blogspot.com
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