Forex Nitty Gritty – Finally, a Forex Trading Course For Beginners!

Forex trading in the trading and investing world has become what Texas Holdem is to the poker world. It has exploded, with over $3.5 trillion being traded every day. Forex is a zero sum market. That means there are winners, and an equal number of losers. Generally, retail Forex traders like you and I are on the losing side. But educated investors CAN and ARE on the winning side.

The truth is, 95% of retail traders lose money in the Forex market. They get frustrated, try system after system, and still lose money. The market is full of gimmicks and “unbeatable” robots that will trade for you making you thousands overnight while you sleep. To be successful in Forex Trading, we have to become independent traders. We can’t depend on some forex robot to trade our money for us in the hopes that we make thousands of dollars. We can’t depend on other people to trade our money for us, like managed broker accounts. They get paid on the number of trades they make, not whether we are profitable or not. Bottom line is that nobody cares about our forex trading success and our financial well being as much as we do ourselves. Become an educated investor and trader, and you will be more successful.


People are flocking to Forex trading with the dream of the old California gold rush. Billions of dollars can be made, all you need to do is get your hands on some of it, right? But if it is so easy, and you can plug in a robot, or give somebody your money to trade for you, how come you are the only one to keep losing your money? You’re not. Forex trading has become an industry for predators in search of prey. They sell you on gimmicks and get rich quick schemes. It all sounds great, especially for the low price of $97 – $247 on average. And you don’t even have to work at it, or educate yourself, or spend any time at all on trading forex! Woooo hoooo!

One of the latest crazes to hit the Forex Market lately are these so called Forex Robots, or Automated Trading Systems. In a nutshell, you buy this program, install it, turn it on, and it makes you money without you having to know anything about forex trading at all. You can “double your account in 30 days” even while you sleep. No education. No work. You don’t even need to know what Forex IS, much less how to trade it. Just buy this or that robot that will trade for you and make you thousands of dollars every month. A dream come true.

Well, robots don’t work. If they did, those top banks and financial institutions certainly would be using them and not have fallen to financial woes.  Beyond that, just so we can say this with authority, we have tested one of the biggest money making robots on the market today, FAP Turbo. It makes a LOT of money… for the guys selling it, not for the people buying it. Sure, some people make money with it. A blind horse is bound to find water ONCE in a WHILE, right?

However, if you want to do a little work, and educate yourself a little bit, and learn the proper way to trade Forex, then there is a new course on the market just for you. Forex Nitty Gritty is just that course.

30+ Year Trading Expert and Mentor Bill Poulos Creates Forex Nitty Gritty

Bill Poulos is a veteran trader with over 30 years of practical experience. He has helped and mentored thousands of investors make even more money in the market by teaching solid methods based on sound fundamental trading principles and methods.

All of his courses cost several hundred to several thousands of dollars, and WELL WORTH every penny. I myself have used his Forex Profit Accelerator course and obtained returns of 58% per month on average for the past 7 months. Yes, I can show you the actual broker trade data and prove it.

But he wants to help the beginning traders now. And he is mentoring Forex Nitty Gritty for only $97 at the time of this writing. In a personal phone discussion with him, he did tell me that one of the reasons was so that he can help teach people that are new to forex, or that haven’t succeeded in forex, because he wanted to later sell them the more expensive advanced courses. (Hows that for honesty?). But I’ll be honest here, his main goal is to keep people from making the basic mistakes that wipe out their trading account. Bill Poulos is passionate about helping people to learn and understand the Forex market, and to be able to trade it successfully. Yes, he likes the money his students give him. But he really doesn’t need it. He has made a great deal of money trading, and mentoring people, and really has no need for more. He could retire this minute, very well off and never look back. But he WANTS to help people learn to trade successfully. So why does he charge so much for his courses? Because it gives the people learning them value and desire to learn. If he mentored people for free, those people just wouldn’t care to learn as much. It’s a fact. Scientifically proven. Not to mention that his time IS valuable, and he deserves a little something for giving 30+ years of knowledge to his students.

But Forex Nitty Gritty is different. It is an entry level course for new forex traders, or people that have been in the forex market and not been successful. People that have gotten ripped off by the gimmicks and robots and the unscrupulous “trainers” that really have no business taking peoples money. Bill knows exactly what causes failure in the markets, and he is teaching people that, and much more.


There are many things you must do, and many more you must avoid, in order to succeed in Forex trading. Bill Poulos teaches you them in Forex Nitty Gritty.

One of them is that you must focus on high probability, low-risk trades. Nothing more. This means you only take the trades that have the highest probability of being profitable, and the lowest risk of losing your trading account value. Generally this will cause you to have fewer trades, but they will be quality trades and generally more profitable. You will stop trading the less desirable trades that have a higher degree of moving against you. And that means you will win trades with higher profits than the losses you sustain. And yes, you will have losses. But the wins more than make up for that, making you profitable.

With Forex Nitty Gritty, you will only have to spend about 20 minutes a day trading. You will identify any new trades, and manage current trades. You will set entry prices, stop losses, and take profit orders. You will practise good money management rules that will increase your potential profit and lower your overall risk. And yes, it will only take you about 20 minutes a night.

Forex Nitty Gritty also includes optional daily videos that show various trade setups, to help you learn the market the right way. And videos teaching you the basics of forex, and forex trading. The Forex Nitty Gritty Insiders website has a lot of core information and training to help the new traders, or those of us that want to learn how to be more profitable.

Like I said, we tested FAP Turbo, and several other robots as well. And what we found out through our testing is that it doesn’t work. Go ahead and review our testing of Fap Turbo, but don’t buy it or any other robot unless you want to risk losing your account balance. Forex Nitty Gritty is not some lame automated trading system. It is a solid course with a great trading method that will help you learn Forex trading and be potentially profitable.

Recommended Forex Brokers – 3 Reasons to Make the Switch to Loyal Forex Today

A reliable and efficient broker the cornerstone of every successful trading operation, especially if you prefer to use Forex robot traders to trade. One of my top recommended Forex brokers is Loyal Forex, who have just become a full private brokerage on the 1st of October 2010.

Since then, they have introduced many groundbreaking changes for the benefit of their clients, and are well on their way to becoming one of the best Metatrader 4 Forex brokers around. This review will showcase the benefits of using Loyal Forex and demonstrate why they are one of my recommended Forex brokers.

Prior to becoming a full private brokerage in October 2010, Loyal Forex were an introducing broker to Prime4x. As a result, they inherited all of Prime4x’s problems and limitations, and unfortunately did not help their own reputation.

Most of the common complaints during this time were regarding fluctuating spreads, trade rejections and frequent requotes – issues that put off many serious Forex traders. Had Loyal Forex remained as Prime4x’s introducing broker, you can be sure that they would not be on my list of recommended Forex brokers.

Once Loyal Forex decided to establish themselves as a fully independent private brokerage, they introduced major positive changes for the benefit of their clients. These changes have sent their customer satisfaction through the roof, and put more profits back into their clients’ trading accounts.

Here are some of the highlights of what Loyal Forex have to offer:

1. No Requotes, Rejections Or Stop-Hunting

Loyal Forex provides Direct Market Access, which means that orders are put through to the market and executed immediately. That means that you won’t encounter frustrating trade requotes or rejections when trading your Forex robot trader.

Loyal Forex also provides Straight Through Processing, which means that they don’t act as a market maker, and they never take the opposite side of your trades. This ensures that their interests are always aligned with yours and that you will never experience the distasteful practice of stop-hunting as you would with some other unscrupulous brokers.

2. Low Fixed Spreads Guaranteed

Loyal Forex offers very low fixed spreads on over 60 currency pairs, metals, futures and CFDs. They have two account options for Forex traders who want the lowest spreads: the Fixed Standard account which requires a $500 minimum deposit that guarantees a 1.8 pip spread on the EUR/USD and 2.5 pip spread on the major pairs, and the Fixed Pro account which requires a $2,000 minimum deposit that guarantees a 0.9 pip spread on the EUR/USD, 1 pip spread on the USD/JPY and 2 pip spread on the major pairs.

Low fixed spreads are vital for the long term profitability of an Forex robot trader because every pip less that you pay means a pip more in profit for every trade that your Forex robot trader makes. In the long haul, this will translate to tens or even hundreds of thousands of dollars more profits than you would have made trading with any other Metatrader 4 Forex brokers.

3. Extremely Forex Robot Trader Friendly

Loyal Forex is extremely friendly to Forex robot traders, unlike many of the Metatrader 4 Forex brokers out there. They fully support the use of Forex robot traders, and have no restrictions on scalping or hedging practices. There have been many horror stories of traders making significant profits with their Forex robot trader, only to be refused those profits because of some anti Forex robot trader policy that other Metatrader 4 Forex brokers have in place.

Loyal Forex also offers an unlimited demo account service where you can test out your Forex robot traders for as long as you like, with no strings attached. This is perfect for live testing and validating your Forex robot trader before running it on real funds.

So, if you’ve been searching for a reliable and efficient Metatrader 4 Forex broker, choose Loyal Forex for their top notch execution, one of the lowest Forex spreads around and their full support of Forex robot traders. Your account will be fully protected by the FDIC and withdrawals are simple and easy. Try out Loyal Forex and see the difference it makes for your Forex robot trader’s profitability today!

Thad B. is a Professional Trading Systems Developer who has developed and managed dozens of profitable trading system over the years for a private hedge fund. Forex trading systems are his passion and expertise, and he has a wealth of helpful resources available for any serious Forex systems trader.

Loyal Forex is one of Thad’s Highly  Recommended Forex Brokers []. Right now, they are offering a 10% bonus on all deposits above $1,000 for a limited time only, so make the switch and experience the  Loyal Forex Difference []!

7 Essentials to Finding an Online Forex Broker to Explode Your Forex Profits

One essential ingredient that you must have when starting on line foreign currency exchange trading is an account with a Forex trading broker. The currency trading broker is your connection into the markets and they will provide the essential cover that allows you to trade with margins.

The question is how do you select the best Forex brokers. There are at least 7 criteria points to be considered when you are deciding where best to shop for a Forex currency trading broker.

1. Dependable

This works on multiple levels. You need a broker that you can rely upon to be trustworthy and who will not all of a sudden vanish like a puff of smoke from the internet taking with them all of your hard earned money. The FX market is surprisingly devoid of regulations so there are a vast number of Forex brokers to choose from and as is like with many things in life some Forex trading brokers are more honest than others.

The first step is to check up on the reliability of the currency trading broker and to confirm your online Forex broker is regulated. In the USA this means that you want a Forex trading broker that carries a current registration with the Commodity Futures Trading Commission (CFTC) and also the National Futures Association (NFA).

Check for a Forex currency trading broker with an unblemished record regarding any complaints logged against them on the National Futures Association website. Other countries have their own regulatory bodies for example the Financial Services Authority in the UK performs the same function.

Another consideration is whether the online Forex broker’s trading platform is reliable. The Forex trading platform is the financial software that will connect you to the FX markets whenever you want to trade. If the online Forex trading platform is often offline then this will cause you some major problems. For example you could miss out on either opening or closing a trade at the optimum time.

It would be best to check a number of online Forex trading forums for feedback from individual users regarding the amount of downtime that they have experienced. Remember it is like with all online forums do not listen to the loudest voice as they may have a vested interest either way in recommending or not recommending who in their opinion are the best Forex brokers

2. Services Provided by the Best Forex Brokers

The Forex markets trade for a full 24 hours each day that’s from Sunday evening through to Friday afternoon Eastern Standard Time. Check that your Forex broker’s trading platform is reachable available during all of these times, The best Forex brokers trading platforms will be available and they will also offer around the clock customer support on Forex trading days.

Check that they cover at the seven main currencies that are USD, JPY, CAD, AUD, CHF, EUR and GBP certainly the best Forex brokers will.

The best Forex brokers will offer you a minimum of the following essential tools, which are instant execution of your Forex trade at the price displayed, technical analysis charts and financial trading charts. Most will also offer a training program to teach the basics of using the tools.

3. Forex Broker Costs

Online Forex brokers do not make commission charges to their customers so the way they make their income is from the difference in the Forex trading spread. The Forex spread is the differences between the buying and selling prices on any of the currency pairs. The Forex trading spread is usually any spread between 1 pip and even sometimes less to around 3 pips; this will depend upon the online Forex brokers terms of service and the currency pair being traded.

The piece of the pie taken by the spread can make all the difference between achieving a profit or making a loss in your Forex trading account. This will affect both the immediate term and also the longer term so you will need to scrutinize closely at what level the spread will be computed. If you can decide which pairs you are likely to trade most frequently the spread on those pairs will be more important to you than on others. For example I prefer the USD/GBP trading pair, which is known as cable.

Beware of special short term marketing maneuvers like special offers of lower Forex trading spreads that may not last long once you have committed your funds.

Consideration need to be given on how much is the minimum amount of capital you can invest in order to open a Forex trading account. Good advice given to new traders is to start out small, which means looking for a Forex broker who will let you open an account with a minimum of $250 or hopefully less.

4. Margins, which are also known as Deposits

Margins are a variable that change from Forex broker to Forex broker. A lower margin requirement means giving you a higher leverage, and higher leverage can give you the ability to create greater profits, or losses from a fund of the same size. Margins allow you to magnify the opportunity to make more money

5. Size of the Trade also known as Lot Size

Trade size varies from one broker to another. Generally 100,000 trading units of currency is considered a standard lot, 10,000 of trading units is a mini lot, and 1,000 trading units is a micro lot. Some brokers do offer fractions of a lot too, which give you more power to set your own lot size. This could be perceived as a bonus or just an added complication depending on your point of view.

There are other matters to be considered which include the interest paid on the Forex margin account, the rollover charges when trades continue over to the next trading day and any other FX trading policies that the broker may have which could affect your Forex trading account commerciality. These are the main points that you should be looking out for when choosing the best Forex trading broker.

6. Customer Service

This is very important especially when you have just started out using a Forex trading platform. Like with all new things there will inevitably be teething troubles and you will want to be able to speak or email someone and get an instant response. The best Forex brokers will provide this service.

7. Forex Exit Strategy

There will be a time when you want to realize some of the profits that you have made and be able to withdraw your money quickly and easily. Make sure that you are able to get your money within a couple of days as some online Forex brokers insist on a 14 day delay which is totally unnecessary

Forex Robot Software – One Step Up

We have to admit that when Forex Market trader started using the software called the Forex Robot, it brought the trading in the Forex Market to the next level. We have let go now of the days of traditional trading. The traders that still used, and still on grasp to the old way of trading are often left to rot, and should dust themselves up for sitting for a long time in front of their computers to do their trading. By now, we have Forex Robot that not only send you trading signals, but are able to aid you to formulate and do your trade automatically. By the help of these Forex Robots, traders can avoid the common mistakes to their trading that often led up in ruing their business; we could say that Forex robots help in teaching discipline among traders.

One of the major things that a Forex Trader must do is to create for himself/herself a plan for a particular Forex Trading strategy. By not doing this first key step, a trader might get himself lost in the world of Forex Market, without plans and strategies; the world of trading for them would be complicated. Some traders often submit themselves to simulations in order for them to improve more on their field. Without letting go of a single dime, some brokers often merge these Forex Robots software with ‘play money’ mode to see if their plans are working. Practice, and honing yourself well on the craft, plus some researches for you to have a better understanding on the system in the Forex would led your way up to the top.

The most experienced Forex Traders search for plans and strategies to get rid of the unhelpful impact of humanly emotion trying to enter their trading equation. The best of the best traders in the world often share to the newbie in the business to stick to the hard facts, and learn how to get back on their very first theses, exclusive of any human psychology; because some of the trades might lure you to use your intuition, letting you ruin your original mindset. Traders now, who used Forex Robots is confident that they can calmly put their data on their computer and let the efficient Forex Robot software run for themselves, basically doing all the works for you.

As we all know, the Forex Market is like a battlefield; with traders from all parts of the world battling it out, using all their improved arsenals, their skills and wits so that they could gain something from the Market. If you let yourself be eaten up by these big traders all over the globe, you might get yourself in the verge of bankruptcy. With people trading in currency many hours a day, you might as well say that the Market requires a very vast amount of human endurance, but it is key to observe that human strength has its limitations; it could not go on for hours and hours. But worry not, with the help of these Forex Robots software, a trader can let his trading on autopilot, letting the Forex Robot work for you, and that is to say that these Robots can go on several hours without rest, leaving you ample time to enjoy other things, and give you a vast amount of time to strategize your new battle plan for the Forex Market. After purchasing a Forex Robot, you won’t see yourself as a slave of your business; the Robot would now be there to take your work from you.

Once you key in all the necessary things you want to put in to your trade, you would let now the Forex robot to run by its own system, letting you run away from the computer. You would be able to save more time now; you won’t be waiting now for applicable signals for you to trade successfully in the Forex Market. By automatically letting your Forex Robot do the trading for you, they can execute your plans without your help. By this, you can let go of your emotions on doing your trading, for some trades in the Forex Market lure you to use your gut feeling, making you forget of all your solid strategy.

The common principle in trading states that ‘buy low, sell high’. This has been around in the Forex Market arena for a long time. But, some of the Forex traders often forget this single advice. There are times that the currency is low, but some traders are hesitant to buy the currency, because they fear that it might go lower. Also, when greed comes into play, some don’t just sell in hopes that it would go higher. The Forex Robot could prevent all these mishaps, you are now ensured that your plans are carried out, that you can buy and sell on your most advantage.

Some traders though, used the Forex Robot without really thinking, they just log on to their accounts, and guess positions they think they are advantageous. Of course, the Forex Market is not all pure luck, without thinking and educating yourself in the Forex Market, you would often lose. But there are traders too who used blacktest to double check if their plans and strategies are really working, this wound enable them to gain more from the business, by taking advantage of all the good things that a Forex Robot software can do.

You can say by now, that by the help of these Forex Robots, you can make yourself better on your business. And by that, you get extra credit by gaining more profit from the usual; you can now be one of those smart traders who got rich from the business. Again, Forex Robots give you almost all the advantages there is in the Forex Market, plus that it could give you a lot of free time to do more things.

Having the best things on hand would let you succeed from the Forex market; don’t go into the battlefield in the world of Forex without any help from a Forex Robot.

Guaranteed 95.82% Accuracy, Best Forex Robot

Forex MegaDroid Indisputably Proves A Robot Can Trade With 95.82% Accuracy In EVERY SINGLE Market Condition And At Least Quadruple Every Single Dollar You Deposit. 38 years of combined Forex trading experience delivers Megadroid RCTPA Technology. Reverse Correlated Time And Price Analysis (RCTPA) it’s what will take you from being an average Forex trader to a top gun pip pulling machine.

Learning to Trade Forex in Seven Steps

If you are interested in learning to trade forex successfully, then the most common path for an aspiring trader these days is to search the Internet for information to apply immediately to their live forex trading account. The problem is that their search often leads them to destinations where there are plenty of false promises, bad ideas, negativity and an obsession with indicators.  Many of the EBooks on sale today are filled with recycled concepts or incomplete strategies which the authors themselves do not use.  Many authors do not earn money from forex trading but they earn their living by selling these EBooks to the novice forex trader.

This easy access to forex guru’s who fuel the idea that forex trading is the holy grail of easy money, then financially feed off those same people they have sold this idea to. At the end of the day what many of these forex guru’s sell is a gross misrepresentation of what it takes to trade forex for a living.

Forex Trading is not easy.  You can become a good forex trader though dedication and by treating forex trading as you would any other skill.  The reality is that it is hard work and must be treated with the same amount of seriousness as you would any other career.

The effect of all these gurus is that many forex traders start off overly optimistic with unrealistic goals.  Whilst there is nothing wrong with a positive mental attitude but this positivity must be built on strong foundations and realistic expectations.

New forex traders normally start their career by purchasing some secret set of indicators and they are quickly punished for their naivety.  Many of these forex traders then purchase a different set of secret indicators until they become disillusioned and then quit trading.

In fact, many forex traders that are now successful went through this learning process, including myself.  This is only a problem if you refuse to learn from your mistakes.  You need to break from this cycle of reliance on secret indicators and guru methods to be successful.

You help yourself in the beginning; by learning to think for yourself and understanding that whilst anyone can trade forex, to be successful, you must learn to BE a forex trader.

To BE A Forex Trader

To trade forex is easy, all you need is a forex trading account with money in it and then you enter the foreign exchange market and start trading.

To be a forex trader is more work. You need to grow from the starting point of having very little knowledge to the stage where you have a trading plan, understand the concepts and behaviour of the forex market and be able to trade with a cool head and understand that wins and losses are all part of being a Forex Trader.

Learning How to Trade Forex by thinking like a Forex Trader in Seven Steps.

1. Understand your place in the Forex Market

This is very important you must understand that you are very small fish in a big ocean.

In the Foreign Exchange Market the majority of the liquidity is coming from big banks and experienced institutional traders. These are the big fish.   The big fish will happily enjoy you as a little snack.

You are only fooling yourself if you think it will be easy to take money off these big forex traders.

You have to learn to swim alongside these big fish and catch the same currents they do.  Swimming against them just marks you as prey and sooner or later you will be eaten.

2. Learn to read the Forex Charts and Understand the Foreign Exchange Market.

Many novice forex traders believe that these big forex traders have access to some secret forex trading strategy or use a secret set of indicators, but the truth is this is just not the case.

These major forex players are using simple, but proven technical analysis techniques – most commonly horizontal support/resistance, identification of trading ranges, Fibonacci these are then coupled with fundamental themes.

Begin by accepting that the other major participants are highly experienced in the market and they make money because of experience and by a complete understanding of the core skills and not because they hold a holy grail of secret indicators.

3. Money Management

It is crucial that you understand as a novice forex trader the emphasis is not on how much you can make from forex trading but on how you manage what you have.

This is the most common downfall of all novice traders.  It is common place to see a starting trader risk the majority of their account on one or two positions.

This style of trading is not sustainable and professional traders do not trade in this manner.  Everyone sometime in their career will have a string of bad trades.  A typical number might be 10 losing trades in a row.  The question is do you have a money management plan in place that enables you to survive this?

4. Focus on the Market

Many novice forex traders open their forex charting software and activate their latest hot indicator or tool and proceed to place their trades as per the tools recommendations. This style of forex trading is unlikely to have much long term success.

When these indicators fail to generate the required profits then these traders then move rapidly on to another set of indicators.

You must focus on the forex market and understand what the indicators are telling you so that you can pick the forex trades which have the best probability of being winners.

Successful forex traders use indicators and tools as Fibonacci, Pivot points, price channels, MACD, RSI etc.  These tools by themselves do not make a successful trader.  There are many successful traders and unsuccessful traders who use the exact same indicators.

The key is that successful traders understands how the market behaves around the indicators and understands what the signals actually mean.

The best way to achieve this is to stop swapping between tools and select those that compliment your trading plan, understand how they work, and then spend time in the market experiencing them.

5. Plan your trade and trade your plan.

This is a common saying that seems to get lost on novice traders.  It should be every trader’s goal to make pips on each forex trade as per their trading plan.  Forex Traders must treat each trade as a business decision by calculating their risk and defining their entries and exits points, those that do not   open themselves to big losses when a trade goes bad.

Many novice traders seem to lack the discipline to follow a plan for each trade.  So what happens is typically the following; a novice trader will see a potential set-up, they decide on some arbitrary sum to buy or sell with a quick guesstimate, then place the trade without analyzing any risk and having an exit strategy.

Of course this way of trading can be profitable over the short term, more down to luck than skill.  But eventually the luck runs out and the trader is caught napping and a common result is a wiped out account.

The first question novice traders tend to ask themselves how much will I make on this forex trade?
The first question experience traders tend to ask themselves is how much is my potential loss / risk?

6. Your mind is your strongest asset and weakest link.

Entire books have been dedicated to the subject of psychology and its role in trading. That doesn’t mean they are all going to help you, but you should take this as a sign that the subject is not to be ignored.

First you must understand the role psychology plays in trading.  You must learn to understand your personality traits and how they might affect your trading style.

A trader I know is a bad loser and when he has a bad trade, he had a habit of going straight back and trying to win those pips back with even worse results.  But he understands this as a weakness and when he has a bad trade, he takes a break of 20 minutes before he goes back to trading so that his emotions do not affect his trading decisions.

Second you must make it your aim to never stop learning. You cannot get yourself to a certain level and then become complacent. Every day is a learning experience in some way or other and you must be prepared to learn lessons and invest time in improving your skills and experience. The day you stop learning is the day you should stop trading.

7. Understand The Forex Market is always right or Expect the Unexpected.

The forex market is an interesting place, but there is one thing every trader needs to learn.   Always expect the unexpected and do not get wrapped up in past successes.   No matter what your charts or indicators tell you; sometimes the forex market will just do the opposite.

Whatever happens in the market you must maintain an objective outlook on your strategy and the forex market and ensure that bubbles and crashes do not derail you in the long term.

By following these steps and learning to become a forex trader rather than just trading the forex market, you will put you on the path to ultimate success as a profitable forex trader.  This is something that 90% of all novice traders fail to achieve.

Want to read more reviews of forex trading systems, forex brokers and learn more about forex trading by a currency trader? Then be sure to check out []

Online Forex Trading Strategy – How to Make Currency Trading Systems Work For You

Now that there are hundreds of Forex margin brokers, millions of free Forex trading tips webistes and literally hundreds of thousands of Forex day trading strategy “home based business” Forex traders, we can say that virtually anyone with an internet connection can trade Forex with the pros.

In any power trading strategy, a proven trading method will mean that through Forex strategy testing and by using trading risk management, no more than one or two per cent of a total account value is put at risk in a single trade. This is key in the path to big Forex profits. Any trader beginning out will look at the trading methodologies available to them and decide to create trading rules for their Forex trading strategy.

Forex trading (currency trading) initiates should be aware therefore not only of technical and fundamental analysis and predicting Forex prices, but also of how to be a trading strategy tester and to have strong Forex trading rules that help them to make the big Forex profits they are seeking. The alternative is to have more experienced Forex trading systems used by more experienced traders end up causing you to lose all your money in your Forex business – the harshest possible outcome.

Having the following in place could assist you in getting started right away in Forex trading (currency trading): a Forex trading software platform; a free Forex trading strategy (or a paid for one for that matter); an understanding of fundamental and technical analysis and a trading risk management system. From these elements (and also the support of a daily Forex strategy briefing from a margin broker or some other site) you can start Forex trading in the fx market with your own Forex trading strategy rules.

Learning currency trading online needs to begin with sound trading risk management and how to manage your trading account balance by making intelligent risk decisions with your trading account. The risks can be higher with Forex because the moves in a week can be equivalent to a month in stock moves. Volatility is to be expected.

Currency trading strategy rules for a Forex business can be developed by amalgamating Forex trading systems of others or simply garnering a Forex education to include: fundamental and technical analysis; trading money management (risk management); a daily Forex strategy briefing from a “third party” and a way of creating Forex forecase signals (in other words a means of predicting future Forex prices from perhaps a technical setup on a currency pair or simply from Forex strategy testing that has been carried out.

Forex strategy testing can either be done through using a practice account through your broker or by paper trading your strategy. A third option is to use software such as Forex strategy tester which can run a simulation of what could happen if you trade by your rules with some limitations on accuracy.

Free Forex trading strategy tips are available from Forex ebooks webistes all over the web. The truth is that the Forex trading fx market needs to be treated as a business that runs like a Forex trading machine as much as possible. This is key if you are to make big Forex profits in live trading. Lack of regulation means that anyone can sell a “scalping trading strategy” or so-called “foolproof trading method” and make themselves out to be an expert or even say they are a long term bank trader when they are not. There is a need for caution therefore when deciding on where to get your Forex education because not any Forex trading guide is actually going to help in your predicting Forex prices in the near, medium or long terms.

It behooves you to go out and look at what is on offer from Forex trading websites and learn more about the global currency markets after you have read this article. Some sites are listed in the resource box at the end to start you off. Trading Forex online then presents challenges. The rest of this article will address those challenges. In order to trade effectively, a Forex trading guide is needed for the initiate in to the Forex markets to be able to learn online currency trading, understand trading risk management and how to manage money, discover technical and fundamental analysis, how these types of analysis of the market differ and how to apply them in creating a Forex trading machine.

This means that after all the cogs are set in place you will have a Forex trading machine that enables you to its like a professional and make decisions based in the moment and on the facts that are presented to you, rather than guess or gambling work – although there is invariably an element of risk, your job is to eliminate the risk as much as possible in applying your trading strategy.

To make this happen, you will start to think about what you may need in order to implement your trading strategy. For example, will you be needing a daily Forex strategy briefing from either a paid service or a free provider of its strategy briefings – such as perhaps your broker or a third party service. In your technical analysis will you be utilising traditional indicators such as those involved in a bands trading strategy (Bollinger Bands), will you rely on charts created by a its platform or other currency price forecast type service or will you be professional analyst charts to make your decisions?

A proven trading method is hard to come by. There are educators who have been trading Forex for banks and other institutions for many years. However they are still going to find it incredibly difficult to pass on their years of knowledge, at least not in the time most people want to go from knowing nothing about Forex trading (currency trading) to being an expert and making money with its as a business.

In sum, it is multidimensional. There are several aspects of absolute importance. These include strategy, both in terms of trading and money management, education – both initial and ongoing and focusing in on mastering a specific area whether that be a particular currency pair or aspect within the field – such as global economics of a particular country.

Forex Trading System – What to Know

FOREX is a virtual network of currency dealers connected among themselves by means of telecommunications. FOREX currency dealers are connected to leading world financial centres, and round the clock workers. Forex is a true 24-hour market, open continuously from 5:00pm ET on Sunday to 5:00 pm on Friday. With three distinct trading sessions in the US, Europe and Asia, you can trade on your own schedule and immediately respond to breaking financial news, whether it will be morning, noon or night. Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date.

Forex currency trading is conducted around the clock, 5 days a week, and daily currency trades are worth in the region of $1.9 trillion US dollars. This means that the Forex the largest market in the world and puts the major stock markets very firmly into second place. Forex trading opportunities are a reality for more and more people everyday — people just like you and me.

FOREX is a very unique market because it is not based in any particular place, and it also has very few qualifications for investing. FOREX is also free of external controls, and the investors (participants in the market) largely determine how much a currency is worth based on demand. Forex is a 24-hour market, so 24-hour support is a must! Can you contact the firm by phone, email, chat, etc. Forex is not affected by any one bear market. Forex traders buy and sell foreign currency pairs from around the world, simultaneously buying one and selling the other.

It isn’t sincerely complicated. However, there are stuff that you expect to ponder in order to victoryfully make some profit out of this very liquid monetary push. Forex is giving you a 40% return on your investment. Forex is by far the most liquid market in the world. There is NEVER a problem buying or selling a position as in the stock market.

Forex trading system is not just a big deal: it is the biggest deal. The largest amounts of money traded in the world today are not for goods, or services; not for stocks or shares, but for currency. Forex is a very risky and unpredictable business. You can lose large sums of money by taking the risk of trading in the live market. Forex is a market were participant cannot indulge in any kind of malpractices. Any single participants cannot influence the activity of Forex market.

Technical analysts in the FOREX market evaluate price trends. The only real difference between Technical Analysis in FOREX and Technical Analysis in equity markets is the time frame: FOREX markets are open around the clock,24 hours a day. Technical analysis presupposes that all the information about the market and its further fluctuations is contained in the price chain. Any factor, that has some influence on the price, be it economic, political or psychological, has already been considered by the market and included in the price.

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. Forex is made up of 5000 trading institutions like international banks, commercial companies, government banks and brokers for all types of foreign currency exchange. Forex is probably the only market that remains open 24 hours a day! Therefore, if you are actively involved in trading then this is the perfect playing ground for you.

It is a type of trading that allows you to buy and sell currency from one country to the next. This market is actually one of the largest in the world. Forex is maximum liquidity, FOREX is real trade, in term of business. Basically, Forex is transaction of monetary funds from one government to another or business associates of different countries.

FOREX is a more objective market, because if some of its participants would like to change prices, for some manipulative purpose, they would have to operate with tens of billions dollars. That is why any influence by a single participant in the market is practically out of the question. Forex is a fascinating industry with roughly 3 trillion dollars being exchanged each day around the world. Forex trading is exciting yes, but it is crucial that you become knowledgeable about Forex trading, or you will lose your money. Forex is made up of 5000 trading institutions like international banks, commercial companies, government banks and brokers for all types of foreign currency exchange.

Forex trading is a trading ‘method’ also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. Forex is a relative new market. The Forex market is developing fast, yet it already is the largest financial market in the world. Forex is the one stabilizing factor in the world’s system of monetary exchange, yet it is not answerable to any extrinsic stabilizing influence. There are “no restrictions” in this market.

Forex is quoted on a “bid” and “offer” price system. This means you can buy a currency from a dealer for their “offer” price. Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet. Forex trading is a high-risk investment and as such, it can lead to substantial losses and is not meant for every investor. Risk capital is the amount of capital that you dedicate to speculative investments and that you can afford to lose.

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