вторник, 21 августа 2012 г.

Forex Trading for Beginners

Forex trading takes place on the foreign exchange market, the largest financial market in the world. It is a trading platform dedicated to the buying and selling of foreign currencies. Those engaged in Forex trading include banks, financial institutions, governments, currency speculators and corporations.

The difference between Forex trading on the foreign exchange market and other financial markets besides its huge size is that it has no physical location and takes place 24 hours a day, excepting weekends, right across the globe.

Forex trading literally follows the sun around the world. Trading moves from major banking centres of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S.

That said, there is a Forex trading centre in London, which is the largest and others in New York, Tokyo, Singapore and Hong Kong. As London is the largest Forex trading centre, it accounts for the highest amount of trading at 34 percent.

Forex trading takes place for two reasons. First is the trading activity of governments and companies that buy or sell products and services in foreign countries accounts for about 5 percent of daily turnover.

четверг, 2 августа 2012 г.

Trading Futures for beginners

What you should know before you begin trading futures contracts to out of stupidity did not get to the money, do not bring a deal to supply real and not to spoil relations with a broker? Where to start if you have the desire to work in the international futures market? Where to find the information you need?

What moves EUR/USD?

US economic indicators by Rank:
1. US Non Farm Payroll — measures new jobs created in States.
2. Interest rates — FOMC rate decisions.
3. US Trade Balance, European Trade Balance — a proportion between exports and imports in US economy.

4. U.S. Current Account
5. US Treasury Inflow Capital (TIC) Data — a measure of how much foreign buying of country’s securities takes place.
6. US Gross domestic product (GDP) — a measurement of growth in economy.

7. Federal Open Market Committee (FOMC) Rate Decisions — data about changes in currency rates.
8. US Retail Sales — a measure of strength of consumer expenditure.
9. Consumer price index (CPI) — a measure of inflation in Europe.

Note, that because the US dollar is involved in over 80% of all currency trades, US economic data tends to be the most important in the Forex market.

What time frame to trade in Forex?

What is the best time frame in Forex? What is the most profitable time frame in Forex?
Those and similar questions are rising day after day in minds of novice Forex traders.

Let’s drop out the philosophy and focus on facts.

We know that each time frame displays same data, but in different intervals.
The choice of time frames is wide.

Let’s take the most preferred Forex time frames: 1 day, 1 hour and 5 minute.
These time frames are also perfect for beginners to test their feel about the Forex market.

On daily charts each price bar represents one day, thus a change on the chart will be observed once a day.
On hourly time frame new price bars will appear every hour, putting more data on the chart for analysis.
5 minute chart will produce a new price bar every 5 minutes, showing market changes fast and in greater details.

Forex Trading Strategy — Simple Ways to Learn Forex Trading

Not so long ago, trading foreign currency for an income (also called Forex Trading, or FX trading) was the sole province of a select few individuals and trading houses. Trading currency required in-depth knowledge of the industry, constantly updated information and a large amount of liquid cash as an initial investment before you could even look at breaking into this highly lucrative industry. A close knit fraternity controlled most of the trading markets, and restricted access combined with excessive transaction or management fees effectively shut out most people from it as a legitimate investment model — but not anymore! A few years ago something major happened in the forex industry that completely changed the game and re-wrote the rules of it for money — online trading systems started to show up and suddenly the world of it was thrown wide open.

Forex high leverage pitfalls: how to avoid them

The higher the leverage the less is going to be the margin percent.
Margin percent will determine the amount of capital trader needs to have on the account available in order to open and later hold a trading position. You never want your margin be lower than your floating account balance, otherwise you will receive a margin call — running trading positions will be closed automatically.

Online Forex Trading Strategy — Automated Forex Trading Systems

Another Forex Trading Strategy that has become popular recently is the use of its Robots — Automated Forex Trading software that trades on your behalf 24 hours a day, 7 days a week, 365 days a year. While it might sound like a soft option, its robots shouldn’t be dismissed. These systems operate according to the parameters set by the user, so the Robot’s strategy matches your own, but it trades without hesitation and does not deviate from the set rules.
There a number of advantages to using an automated it system: they never sleep, don’t get nervous and are constantly alert to all the relevant factors that influence their trading decisions. Trades are executed automatically, and they never miss an opportunity. Think of a Forex Robot as an obsessive compulsive forex trader that never sleeps. It can’t think for itself though, or make «judgement calls» -it operates solely according to the parameters set out.