How FOREX Works
Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.
Monday, June 2, 2008
Sunday, June 1, 2008
Tip Tradig Forex
Forex Trading Tip - 2 Simple Powerful Ways to Increase Your Profits
By kelly Price
Powerful Ways To Increase Your Profits
If you want to trade forex and want regular profits then following these simple tips can change an average or losing trader into a trader earning triple digit profits. Most forex advice would not agree with them but that's no problem 95% of traders lose! Let's look at them and how they can change your profit potential.
1. Understand the 80 - 20 Rule
We have covered this in greater detail in our other articles but in brief it postulates that 80% of our results come from 20% of our efforts.
This is true in many areas of life and is true for most traders in forex , they simply over trade and lose. The lesson is cut - you're trading down and only take the best high odd opportunities.
Many traders think they need to trade all the time like day traders, or always need to be in the market, just in case they miss a move.
Well traders that are in the market all the time and don't tend to win they tend to get a wipeout for their troubles.
The high odds trades don't come around very often.
When they do you can execute your trading signal - but not until conditions are ripe to enter.
To give you an example, I know a trader that trades less than once a month and makes triple digit annual profits.
High trading frequency does not mean you will make more money in forex trading, on the contrary it improves your chances of losing.
2. Do NOT Diversify
You here a lot about diversifying cuts risk and all manner of technical equations are bought out to support the view - but its not so.
Diversification in most cases does not cut your risk but simply dilutes your profit potential dramatically. If you have a small account under $50,000 dollars you don't have the luxury of diversifying anyway, so don't bother - you will end up risking so little your guaranteed to lose, as normal volatility hits your stop.
If you see a good trade, load it up and risk as much as you can afford.
If you have the odds on your side then hit it and have the courage of your conviction to trade it for all its worth.
FINALLY
These are simple tips but they make total sense they make you focus only on high odds trades and they make sure that's all you focus on without the distraction of other marginal ones.
Try these two tips, there simple and they will help you enjoy currency trading success।
By kelly Price
Powerful Ways To Increase Your Profits
If you want to trade forex and want regular profits then following these simple tips can change an average or losing trader into a trader earning triple digit profits. Most forex advice would not agree with them but that's no problem 95% of traders lose! Let's look at them and how they can change your profit potential.
1. Understand the 80 - 20 Rule
We have covered this in greater detail in our other articles but in brief it postulates that 80% of our results come from 20% of our efforts.
This is true in many areas of life and is true for most traders in forex , they simply over trade and lose. The lesson is cut - you're trading down and only take the best high odd opportunities.
Many traders think they need to trade all the time like day traders, or always need to be in the market, just in case they miss a move.
Well traders that are in the market all the time and don't tend to win they tend to get a wipeout for their troubles.
The high odds trades don't come around very often.
When they do you can execute your trading signal - but not until conditions are ripe to enter.
To give you an example, I know a trader that trades less than once a month and makes triple digit annual profits.
High trading frequency does not mean you will make more money in forex trading, on the contrary it improves your chances of losing.
2. Do NOT Diversify
You here a lot about diversifying cuts risk and all manner of technical equations are bought out to support the view - but its not so.
Diversification in most cases does not cut your risk but simply dilutes your profit potential dramatically. If you have a small account under $50,000 dollars you don't have the luxury of diversifying anyway, so don't bother - you will end up risking so little your guaranteed to lose, as normal volatility hits your stop.
If you see a good trade, load it up and risk as much as you can afford.
If you have the odds on your side then hit it and have the courage of your conviction to trade it for all its worth.
FINALLY
These are simple tips but they make total sense they make you focus only on high odds trades and they make sure that's all you focus on without the distraction of other marginal ones.
Try these two tips, there simple and they will help you enjoy currency trading success।
Saturday, May 31, 2008
Time And Price Analysis In Forex Trading
One of the earliest masters of time-price analysis in trading was the legendary WD Gann.
I started off my trading career in stocks and shares and it was when I discovered the world of trading commodities and futures that I heard of WD Gann.
The most important teaching of WD Gann that I personally experienced was his statement:
"When time and price is squared ( or meet ), change is inevitable"
I have found this to be true in many, many cases...too many to enumerate, and this occurs across all freely traded markets in the world, irregardless of whether it is stocks and shares, forex, commodities and futures or e-currencies.
With time-price analysis, it is possible for you to compute the time day for a possible change in trend, and to forecast the possible price - once both the time and price "meet" accordingly, a turning point is forecasted.
In forex trading, specific variations of time-price analysis is used by many of the forex traders who are making good money in their trades. One specific variation is the use of PRICE-ACTION analysis, where you do not need any indicators, but by studying the price action of the currency pair you are trading, you are able to take IMMEDIATE action on your trade.
How can price action help you?
1. There is no battery of confusing indicators that you need to study to take any trading action- so you can quickly KNOW what trading action to take.
2. Every trading signal is CLEAR, and without doubt- no maybe it will go this way or that way, so there is no wondering whether you should be in the market or not.
3. Can be applied as long as there is a price chart- so no expensive trading software required
4. Can be applied across all time frames - so you need not look at one chart for one time frame and have to maintain several charts .
5. Know the exact price levels to trade off- so you can very often get very near to the lows and sell very near to the tops, taking the sweetest part of the moves.
In the world of trading, what we need is really clear cut trading signals that can tell us the turning points of the trades...and price action analysis helps us do just that.
If you are trading forex, and you would like to see actual examples of how price-action analysis is carried out and how successful you can be with this technique, visit Avi Frister's website by clicking here.
Time and Price Analysis in Forex Trading
I started off my trading career in stocks and shares and it was when I discovered the world of trading commodities and futures that I heard of WD Gann.
The most important teaching of WD Gann that I personally experienced was his statement:
"When time and price is squared ( or meet ), change is inevitable"
I have found this to be true in many, many cases...too many to enumerate, and this occurs across all freely traded markets in the world, irregardless of whether it is stocks and shares, forex, commodities and futures or e-currencies.
With time-price analysis, it is possible for you to compute the time day for a possible change in trend, and to forecast the possible price - once both the time and price "meet" accordingly, a turning point is forecasted.
In forex trading, specific variations of time-price analysis is used by many of the forex traders who are making good money in their trades. One specific variation is the use of PRICE-ACTION analysis, where you do not need any indicators, but by studying the price action of the currency pair you are trading, you are able to take IMMEDIATE action on your trade.
How can price action help you?
1. There is no battery of confusing indicators that you need to study to take any trading action- so you can quickly KNOW what trading action to take.
2. Every trading signal is CLEAR, and without doubt- no maybe it will go this way or that way, so there is no wondering whether you should be in the market or not.
3. Can be applied as long as there is a price chart- so no expensive trading software required
4. Can be applied across all time frames - so you need not look at one chart for one time frame and have to maintain several charts .
5. Know the exact price levels to trade off- so you can very often get very near to the lows and sell very near to the tops, taking the sweetest part of the moves.
In the world of trading, what we need is really clear cut trading signals that can tell us the turning points of the trades...and price action analysis helps us do just that.
If you are trading forex, and you would like to see actual examples of how price-action analysis is carried out and how successful you can be with this technique, visit Avi Frister's website by clicking here.
Time and Price Analysis in Forex Trading
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2. Add Your Link To The List
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4. Watch Your Authority Sky-Rocket..
*–Copy Here - Technorati Authority–*
1. Brad Blogging.com - Daily Blog Tips For The Masses
2. Daily Blogging Tips At The Daily Rambler
3. Blog Chews - Blog About Anything
4. Steve v4.6 - Big Made Small
5. GIVEAWAY CITY
6. Indo Contest.com - Find the Latest Contest Here
7. POTPOLITICS-We Smoke the Competition
8. ATA - AskTheAdmin.com
9. Dolly’s Daily Diary
10. The Tech Juice - Tech Tips And More
11. Wendy’s OBA, Blog Tips & Tricks
12. Wendy’s Reel - Fact And Fancy
13. A Grateful Heart
14. 50+Whatever..Just some Ramblings in Life
16. The Blog for DesignCreatology
17. Contest Whiz - The Blog Contest Expert
18. About Blog Contests
19. Esmeraldasblog - Como aumentar la Authority de Technorati
20. Best Widgets for free - Blog Widgets
21. New life by Pitonizza
22. Todo Seiya - Como aumentar la Authority de Technorati
23. Blog for Spanish Readers
24. The Blogger And The Blog
25. Hero Help
26. Makmalcyber
27. Come Add Your Link To The List!
See the original post where you can sign up at http://bradblogging.com/ - We Update The List Daily.
Don’t forget to promote this article via social networking and word of mouth.. It only means better results for yourself and everyone on the list.
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Tuesday, May 27, 2008
HAPPY BIRTHDAY TO MY FRIEND NASRUN
Hari ini 28/5/2008 genap lah tarikh lahir seorang blogger yang agak-agak terkenal lah jugak yang bernama AHMAD NASRUN BIN MOHD NOR. Panggilan manjanye nasrun atau senang di pnggil yon, hari ni genap lah umurnya 12 tahun, eh silap 23 tahun dah.. Marilah kte ssame doakan NASRUN semoga panjang umur dan di murahkan rezeki AMIN.. Umur dah 23, aku x tahu bila dia nak kahwin.. Kalau korang nak kenal nasrun, korang boleh kenal dia dekat blog dia dn website dia.. blog.makmalcyber.com.
Undergoing MyBlogLog Verification
Monday, May 26, 2008
Hari Ini 27/5/2008
Hari ni aku nak cerita sedikit trading forex... Malam tadi aku saje-saje masok position, dapat lah sedikit, tapi kira ok lah jugak.. Kalau korang nak tahu, minggu ni, memang maket teruk sikit, biasa lah bar lepas cuti.. Tapi, kalau korang nak tahu, maket yang mana ok hari ni..? NI aku nak bagi tahu ni, aku baru research tadi degan member aku.. Korang tengok lah gambar rajah kat bawah ni.
Ini adalah gambar rajah USD,CAD mase 1 jamKIta same-same tengok gambar rajah kat atas ni, chat yang laen tak ada macam ni, ni kira ok lagi pada chat yang laen.. Kalau korang nak masok position, bagi aku ni kira ok lah.. Korang stady lah, ni ye yang aku boleh bagi tahu. Lagi satu, aku skarang maen chat yang ni, aku maen sport.. Slamat mencube k.......
Sunday, May 25, 2008
Market Trading Hari Ini 26/5/2008
Kita Tengok Sesame Market Hari Ini Bak Kata Kawan Aku Tak Tentu Arah Market Hari Ini.
Bagi Aku, Ok Je...
Ini Dia Chat Yang Aku Cakap Ok Tadi 2.. Ni Gambar Rajah USD,CHF Dan EUR,JPY Ada Lagi Satu, GBP,JPY. Yang 3 Chat Ni Je Yang Ok Aku Tengok, Klau Korang Nak Tahu, Mase Dan Waktu Yang Sesuai Untuk Buat BUY OR SELL, Kalau Pagi, Pukul 6 Kira Subuh Lah, Sampai Pukul 10 Pagi, Tengah Hari Tak Payah Lah Korang Nak Masok Position, Buang Duit Korang Je..
Yang Paling Best, Pkul 6 Petang Sampai Pukul 12 Malam.. Ni Yang Mane Bagi Aku Best Lah, Kalau Kita Nak Masok Position... Gambar Yang Aku Tunjuk Kat Atas Ni, Korang Boleh Maen Sport, Maknanye, Bila Korang Dah Masok Position, Dapat Untung Sikit, Macam 20 atau 30 pip, Korang Close Lah Yang Mana Korang Masok BAY OR SELL Tadi.. Tu Sahaje Mengenai serba Sedikit Aku Bagi tips..
GAMBAR RAJAH GBP,JPYKita tengok same-same gambar rajah kat atas ni, ni gambar rajah GBP,JPY. Gambar rajah ni yang aku maksudkan tadi ni lah dia.. Gambar GJ ni pun ok jgak kalau korang nak masok position. Korang belajar lah betul-bbetul mengenai forex ni.. Aku pun tak lah pandai jugak... Ini lah serba sdikit ulang kaji yang mane aku buat hari ni.. Semoga kita same-same mengulang kaji k. Semoga berjaya dalam bidang FOREX yang kita buat ni........
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