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Currency Trading Books - Forex Trading System And Strategies

What system of trading have you used in the past, has it provided you with the best results as expected. Are you really maximizing profit in your currency trading activities? If your answers to these questions are in the negative – then it’s time to change your system of trade or learn how to master your present trading system. The best place to start is in the acquisition of knowledge, it is time to know how to make more money with the different systems of trading the Forex market – get these educative books of currency trading to learn how to win using the best systems of trading world currencies. Michael Archer’s book, Getting Started in Forex Trading Strategies is a good way to start. In this book you will learn how to develop your own style and pick a trading strategy that suits you most. The different strategies of the currency market are analyzed revealing its merits and demerits, stating expressly the way out in each case – giving you the best strat...

Forex Trading Secrets - These Traders Made Millions, Quickly Learn Their Secret

In this article, we will study a group of novice traders, who had two weeks training and then went on to make millions in profit. You may not make millions but if you see how they made money, you will see how you can enjoy Forex trading success. Richard Dennis was a well known trader who had made millions but he was very modest and claimed anyone could be a successful trader providing, they had the right method and mindset so he set himself a challenge: To teach a group of people, with no experience to trade in just 14 days and these people would be both sexes, all ages and of a varying intelligence. The group was a good mix and contained an actor, a security guard and a female accounts clerk to name just a few. After their training, they started trading and started piling up triple digit gains and went on in a period of 4 years to make hundreds of millions of Forex profits. So what was the secret of their success? I have summarized the key points behind their success below and some of...

Proprietary Trading Firms - Interview Questions and Preparation Tips

A common question from prospective proprietary traders preparing to make an impression at their interview for a trading vacancy is “What interview questions will I be asked?”, “How will the interview process be conducted?” and “How best can I prepare for my interview?”. Every proprietary trading firm will have its own unique recruitment process, and these will often be modified frequently as firms adapt and update their techniques. It is therefore impossible to give anything more than general guidance as to the interview process and what may be involved. However, the following article may help in giving pointers as to what you may be asked, and how you can best prepare yourself for interviewing. Preparation Research the company and your interviewer (if known), find out what their markets are (stocks, options, futures or multi-asset) and how they trade (market maker, spreads, pairs, algorithmic, flow trading, etc). Check the job description carefully. ...

Investors Diversify Their Investments With Commodity Trading

Like Forex and shares, commodity derivatives’ trading is growing popular among the Indian investors, as the market has opened up nation-wide platforms for retail investors and traders to participate in commodities. Multi-commodity exchanges like the National Commodity and Derivative Exchange, the Multi Commodity Exchange of India Ltd and the National Multi Commodity Exchange of India Ltd are established in the country to support retail investors, who want to diversify their portfolios beyond shares, bonds, real estate, and begin commodity trading. The trading and settlement system in these exchanges is electronic, which makes it convenient to deal in commodity futures like gold, silver, base metals, crude oil, natural gas, agricultural commodities among others, without the actual need of possessing them as physical stocks. Also, live share prices, allows the trader to follow the market movements quickly and make smarter decisions. Knows the basics In commodity trading, the investo...

Forex Trading Platform Review

Goodness knows, there are a ton of decisions you have to make as a forex trader, but deciding on forex trading platform shouldn’t have to be.  I’ll make it really simple for you.  If you are spending any money on a forex trading platform, you didn’t make the right decision. I’m not saying that many of the high priced trading platforms that are out on the market aren’t technologically impressive. I’m just saying that the vast majority of the tools that they have, are just not needed for trading, especially when you are paying hundreds of dollars every month just for the privilege of using them. This idea of “if it costs more means it’s better” has been ingrained in our minds at an early age, especially when it comes to trading.   When people first start trading, they think of rich “wall street” types who are sitting in front of their computers with 10 different monitors with thousands of dollars of equ...

Day-Trading - Perform a Nightly Review and Gain a Day-Trading Edge

When day trading any market, it is vital to review and prepare for tomorrow’s trading the night before. The work you do becomes your road map for the next trading day. It helps you understand where you are in the trading day, and is useful for initiating positions, confirming market direction, and setting trade profit targets. Select a Good Day Trading Market In day trading, it is best to concentrate on one or two markets. Select a market with good volume and adequate daily movement. The S&P e-minis consistently has the best liquidity and good daily range. It is one of the best day trading markets. A good day trader can concentrate on this market alone and be successful. Support and Resistance for Tomorrow’s Day Trading Each night after the close, review the charts in the market you trade. Look closely at the higher time frames. The weekly chart provides overall market direction. Daily and hourly charts reveal immediate market trend and key levels of support and resistan...

How To Learn Forex Trading With 5 Simple Steps

1. Look For A Good Tutor One of the best ways to learn how to trade Forex is to learn it from someone who has a vast experience in trading financial services. Do not be tempted to just learn this online from many popular Forex trainers just because it may seem an easier and faster way to gain this knowledge. Although the social media may give you an impression that the online trainer is good just because he has a large number of followers, the reality is that most of these people have had no real experiences in Forex trading. Having said this, online trading courses can still be good to provide useful knowledge in addition to what your Forex mentor or tutor can give you. All someone needs to do is just go online and search for ‘how to learn Forex online’. 2. The Benefits of A Forex Trading Course Today the Internet has made online learning both affordable and convenient and there is a vast number of Forex trading online crash courses that are available. These courses teach...

How Does Commodity Futures Day Trading Work?

What is commodity futures day-trading? Day-trading strategies are unique mechanical methods for entering a liquid commodity market early in the trading day and exiting some time later in the same day for a profit. Keith Fitschen has developed a family of day-trading strategies for the commodity markets that use the same basic market principle to gain systematic profits. The basic methodology uses multiple timeframe analysis to determine the likely trend for each market early in the trading day. When the likely trend is determined, entry is made in the direction of the trend. Trade exit is made in one of three ways: a stop loss point is hit (and the trade is a loss), a profit target point is hit (and the trade is a windfall profit), or the exit is made at the end of the trading day, usually for a profit. Keith Fitschen’s commodity futures day-trading methods are used in the most liquid commodities in each group: for the grains, wheat and soybeans can be traded; for the softs, coffe...

Brazil's Trade Results and Top Trading Partners in 2009

Brazil is one of the leading developing countries, one of the four emerging markets comprising the B-R-I-Cs (i.e., Brazil, Russia, Indian and China). Its economy has overall proved to be resilient during the global economic crisis. Nevertheless, Brazil did not escape the crisis unscathed. According to Brazil’s Ministry of Development, Industry & Commerce, Brazil’s exports decreased nearly 25% from 2008 (US$198 billion) to 2009 (US$153 billion), and its imports likewise decreased about 25% during that period from US$173 billion to US$127 billion. In 2009, for the first time, China became the largest importer of Brazilian products, replacing the United States. Although exports decreased by about 20% from 2008 to 2009 due to the global economic crisis, exports to China increased by over 20% from during that period (comprising 10.2% of Brazil’s total exports). Meanwhile exports to the United States decreased by nearly 40%, comprising 10.2% of Brazil’s total expo...

Forex Trading (Foreign Exchange)

What is Forex trading? Forex, also known as foreign exchange and foreign exchange market is the place where currencies are traded. Currencies are important for the people around the world. Currencies are needed to exchange to conduct foreign trade business. This is the largest and most liquid market in the world. It midgets different markets in measure even the share trading system with a normal exchanged estimation of around. It is a worldwide decentralized market for exchanging monetary forms.This market decides the remote trade. The principle members in this market are the bigger universal banks. There are a wide range of multiple types of buyer and seller in this market. Forex trading market is unique because of the following characteristics: Enormous exchanging volume, speaking to biggest resource class on the planet prompting high liquidity;.Continuous task, 24 hours daily with the exception of ends of the week; • Geographical dispersion; • Continuous operation, 24 hours...

Trading Goals, Do You Have Them?

Do you know what you are really looking to achieve when trading? Did you set some goals to work toward? Do you know why you want to achieve the goal set? Do you know what is needed so you have a chance at achieving you goals? If you do not have goals and a plan on how to achieve what you want then you are like a sailboat without a rudder in the ocean, you will just drift away in the direction the winds and currents will take you. You have no control! Setting goals is an important step in achieving the things you want in life. Sure you can achieve things without setting goals and creating a plan many have, however by setting goals and having a plan to work, you become more focused and more self-conscious at details to help accelerate your progress. We can break down goals into all different categories such as personal health and fitness, spiritual, family and relationships, career, education, investments and financial to name a few. Within each category we choose to create goals you sho...

Why Consider Forex Trading Mentoring?

The Foreign Exchange Market, more commonly known as the Forex Market, may seem like an insurmountable behemoth to most, and there are a lot of people out there who see trading as something they are incapable of. The markets meander and move with such complexity it’s no wonder people believe it may have a mind of its own. However, those willing to go the distance are met with reward for their effort. Being able to learn from some of the best traders in the industry will set you apart from the pack and give you the head start that you need in your trading career. If you’re not sure about taking the plunge but are intrigued by what Forex has to offer then you’ve come to the right place. We offer some of the most in depth and comprehensive training structures within the industry to turn anyone into a confident and profitable trader. We provide one-to-one assistance You will be able to interact with your online mentor without any interruptions. You will be able to ask quest...

The 7-Point Trading Plan Template

One of the first things beginning traders are told to do is to create a trading plan that will spell out a trading strategy and a list of rules to follow in implementing that strategy. The only problem with that advice is that beginning traders don’t really have any trading experience, and thus are lost when attempting to craft a trading plan for their trading. Another problem with trading plans is that beginners are instructed to treat their plans as gospel and are told not to deviate from them. This prevents traders from adapting their strategies and rules to improve their performance, an essential step in every trader’s learning curve. Instead of a rigid document to be created early on in your trading career and never to be changed, you should instead view your trading plan as a living and breathing set of guidelines, capable of being modified as you gain trading experience. This article will teach you how to create a trading plan that will guide your trading efforts with...