Chuck Hughes Scam, Fraud, Trading and Options:
How do investors and traders cope with a market that has fallen more than 40% in just one year and survive until greener pastures return?
The Chuck Hughes Options program trades both call and put options. Put options allow you to profit as stocks decline in price and allow you to profit in bear markets
. According to Chuck Hughes trading more and more put option buying is migrating from your trading or play money account to your serious trading or investment account. Why not expand your investment horizons to profit during bear markets? The Chuck Hughes options trading program has produced a long history of actual trading profits during bear markets. This is not a Chuck Hughes fraud but a legitimate way to profit during down markets.
Chuck Hughes option trading includes call and put option purchases and option spreads. Call options are purchased on undervalued stocks in a price up trend and put options are purchased on stocks in a price down trend. Investors can log on to www.privatewg.com to obtain six years of profit results assuring investors that this is not a Chuck Hughes scam.
Chuck Hughes GPS, Review, Advisory and Inner Circle:
Investors should always review the actual track record of a trading program before purchasing the program. There is a Chuck Hughes review available by logging on to www.worldcupadvisor.com which lists Chuck Hughes option and Chuck Hughes GPS advisory actual trading results.
The Can help you achieve a Chuck Hughes GPS goal of at least a 3 to 1 Profit to Loss Ratio (Our results = 22 to 1 Profit to Loss Ratio)
Chuck Hughes GPS, Review, Advisory and Inner Circle:
The Chuck Hughes GPS system is a trend following system that trades diverse global stock and option markets. All recommended trading signals are posted on a Members Only' proprietary web page enabling members to benefit from the continued success of the global trend following stock and option strategies. This trend identification in diverse global markets has resulted in a consistent flow of trading profits from long and short trades.
Author: Chuck Hughes
Sunday, April 25, 2010
Claim And Commit To Your Financial Goal by Truly Rich Sales TM
I know that this may seem as a "non-contributor" in a financial planning guide lesson but I want to clarify this issue and how it relates to our financial life.
We often relate financial freedom o having lots of money, or how much money a person earns, spends, his cars, etc..... So in a natural way, we relate wealth to the amount of money a person has in his bank account.
For most people, if you don't have a big house, don't drive a Jaguar, or don't have the latest cellphone then you are not rich.
The problem with this kind of thinking is that we Filipinos have acquired an attitude towards how we view a person's financial life. Often when we set our financial goal, we only see the money involve and fail to realize that having money is just an external thing. (I know this is financial planning guide lessons so I should be talking about money, just wait for my punch line).
What do I mean by an external thing?
I actually believe that a person has two kinds of environment, his external and internal environment. (This was also mentioned by my mentor Bo Sanchez)
An external environment is where you are physically, how your life is currently doing, the situation you are currently in - in simple terms it is the NOW of your life.
An internal environment is your internal thinking, your view in your life, your values, - in simple terms your CPU (the main internal system of a computer). This environment will define your actual reactions to real-life situations that happens in your life.
Now that we understand both, what in the world does this have to do with financial freedom viewed as having lots of money?
The answer to that question is - EVERYTHING
Your internal environment will be the key to attaining your financial goal. In committing and claiming your financial goal, you must not only view your goal as an amount of money that you want to attain but a financial plan that you follow religiously.
Focusing on money alone is not a strong enough reason to attain your financial goal. You must commit to a dream, a financial plan, a love you want to pursue, etc....
Find the reasons why you want financial freedom and remind yourself of it everyday. Touch it in your thoughts, feel in your thoughts, envision it in your mind (that's what I call a healthy internal environment).
Now you go and apply this financial planning guide in your life right away.
Author: Truly Rich Sales TM
We often relate financial freedom o having lots of money, or how much money a person earns, spends, his cars, etc..... So in a natural way, we relate wealth to the amount of money a person has in his bank account.
For most people, if you don't have a big house, don't drive a Jaguar, or don't have the latest cellphone then you are not rich.
The problem with this kind of thinking is that we Filipinos have acquired an attitude towards how we view a person's financial life. Often when we set our financial goal, we only see the money involve and fail to realize that having money is just an external thing. (I know this is financial planning guide lessons so I should be talking about money, just wait for my punch line).
What do I mean by an external thing?
I actually believe that a person has two kinds of environment, his external and internal environment. (This was also mentioned by my mentor Bo Sanchez)
An external environment is where you are physically, how your life is currently doing, the situation you are currently in - in simple terms it is the NOW of your life.
An internal environment is your internal thinking, your view in your life, your values, - in simple terms your CPU (the main internal system of a computer). This environment will define your actual reactions to real-life situations that happens in your life.
Now that we understand both, what in the world does this have to do with financial freedom viewed as having lots of money?
The answer to that question is - EVERYTHING
Your internal environment will be the key to attaining your financial goal. In committing and claiming your financial goal, you must not only view your goal as an amount of money that you want to attain but a financial plan that you follow religiously.
Focusing on money alone is not a strong enough reason to attain your financial goal. You must commit to a dream, a financial plan, a love you want to pursue, etc....
Find the reasons why you want financial freedom and remind yourself of it everyday. Touch it in your thoughts, feel in your thoughts, envision it in your mind (that's what I call a healthy internal environment).
Now you go and apply this financial planning guide in your life right away.
Author: Truly Rich Sales TM
5 Tips To Create A Smart Debt Management Plan by Titus Hardin
When you enroll with a Debt Management Plan, your credit card debt and other unsecured debt are consolidated into one monthly payment. A DMP negotiates with your creditors to reduce or freeze your interest rates, waive late fees, and make your monthly payments within your budget allowing you to repay debts quicker than you would otherwise have been able to. To get the best out of your DMP, you have to be committed to the entire process faithfully. Here are 5 tips to help you get the best out of your debt management plan.
1. Choose the right DMP for you
Be careful in making your choice of a DMP. There are lots of debt management agencies and quite number are into credit scams. Check with the better business bureau in your state to ensure the DMP is accredited and there are no complaints lodged against the agency. Go for free credit counseling to get professional advice on the best strategy to use for your debt management plan. When you have decided on a reputable Debt, management agency, ask a lot of question to be sure of what you are getting into.
2. Get everything in writing
Do not make any verbal agreements with the DMP agents. Let the DMP contract be clearly spelt out and dully signed especially the monthly payments, fees and the duration of the DMP. Agree to only monthly payments that you can meet up with. Defaulting on payments can ruin the whole process. Check the fine print very carefully.
3. Call and confirm your creditors approval of the program
Withouit your creditors approval of the debt management plan, the plan cannot work. Therefore make sure everyone of your creditors have signed to the program before you start making payments to the agency.
4. Do not default
As already mentioned above, the debt management program depends on your making a single regular monthly payment to your DMP who now pays your creditors accordingly. Most creditors use the first 3-4 months to test whether you will be consistent with your payments. If you default, they may opt out of the program. Do your best to pay regularly
and on time. If you are going to be late, call your DMP to inform your creditors.
5. Follow up and keep checking
Call your creditors every month to check that payments have been made to them. Ask for monthly statements from your DMP and cross-check every payment. Check your credit card and loan statements to make sure they reflect the terms of the DMP agreement. Make sure everything stated in the contract is being done. Keep copies of every document in case any dispute arises.
Author: Titus Hardin
1. Choose the right DMP for you
Be careful in making your choice of a DMP. There are lots of debt management agencies and quite number are into credit scams. Check with the better business bureau in your state to ensure the DMP is accredited and there are no complaints lodged against the agency. Go for free credit counseling to get professional advice on the best strategy to use for your debt management plan. When you have decided on a reputable Debt, management agency, ask a lot of question to be sure of what you are getting into.
2. Get everything in writing
Do not make any verbal agreements with the DMP agents. Let the DMP contract be clearly spelt out and dully signed especially the monthly payments, fees and the duration of the DMP. Agree to only monthly payments that you can meet up with. Defaulting on payments can ruin the whole process. Check the fine print very carefully.
3. Call and confirm your creditors approval of the program
Withouit your creditors approval of the debt management plan, the plan cannot work. Therefore make sure everyone of your creditors have signed to the program before you start making payments to the agency.
4. Do not default
As already mentioned above, the debt management program depends on your making a single regular monthly payment to your DMP who now pays your creditors accordingly. Most creditors use the first 3-4 months to test whether you will be consistent with your payments. If you default, they may opt out of the program. Do your best to pay regularly
and on time. If you are going to be late, call your DMP to inform your creditors.
5. Follow up and keep checking
Call your creditors every month to check that payments have been made to them. Ask for monthly statements from your DMP and cross-check every payment. Check your credit card and loan statements to make sure they reflect the terms of the DMP agreement. Make sure everything stated in the contract is being done. Keep copies of every document in case any dispute arises.
Author: Titus Hardin
Successful Online Fx Trading Forex Systems That Work by Avery Mann
Unlike stocks or futures, there's no centralized exchange for Forex, so all transactions happen via phone or electronic network. That electronic network path is the reason for the current astounding day trader like mentality, and also the reason that perhaps you are reading this in the first place. Your computer allows you to tap into the FX market, and take advantage of fact that it does indeed trade 24 hours. With average daily turnover of US$3.2 trillion, forex is without a doubt the most traded market in the world. Starting Sunday 5:00 P.M. ET to Friday 5:00 P.M. ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York. So trading currencies is unlike other financial markets, because investors can respond immediately to currency fluctuations, whenever they occur - day or night. For a long time the foreign exchange market has been one of the financial world's best kept secrets. It was mostly the playground for large banks, corporations and hedge fund managers.
Because of automated software platforms currency traders cannot only compete with the pros, they can use these robots 24 hours a day. With the right platform Forex day trading can seem almost like a vacation for the trader who is use to dealing with other financial products in other markets. Not only are there less governing bodies to deal with, it means less binding rules and regulations to pay heed to when making your trades as well. For instance, in the Forex world, there is no such thing as "insider trading." If you know something either harmful or beneficial to the exchange rate of the Euro, then feel free to capitalize on that information at will. The equivalent information at the stock exchange, might very well lead to an investigation by the SEC. Always keep in mind that 95% of currency trades are speculative. What that means is that this is a very risky venture. Without correct and through training and the right kind of software to trade on, you can very easily lose your investment. The proper program will make it virtually impossible for major trading blunders to occur.
These programs can be set to scan the market looking for the origins of profitable trends. Once it has found what it deems as a reliable trading opportunity, it invests accordingly. The fact that because they are entirely automated and digital, these robots can react to changes faster than a human trader, and thus know exactly what to look for. It will follow the trades performance along in the market step by step minute by minute with the purpose being of keeping you on the money earning side of that trade for as long as possible. You are always shielded from losing your investment because, once the market fluctuates out of your favor as it will inevitably and eventually do, the program trades away the now bad investment. They not only offer live streaming technical data, but you can view real-time prices in 37 currency pairs and spot gold. Also you can execute market orders with just one mouse click and choose from eight available order types.
Remember we are trading currency, which is vulnerable to political and economic news, so all of the platforms have access to view up to the minute news headlines and market commentary. To be affective the platform should meet at least a minimum of three qualifications.
1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)
2 Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerages technical data are too small to be useful)
3. It must be cost effective. (Most good systems can be purchased for between one and two hundred dollars)
Author: Avery Mann
Because of automated software platforms currency traders cannot only compete with the pros, they can use these robots 24 hours a day. With the right platform Forex day trading can seem almost like a vacation for the trader who is use to dealing with other financial products in other markets. Not only are there less governing bodies to deal with, it means less binding rules and regulations to pay heed to when making your trades as well. For instance, in the Forex world, there is no such thing as "insider trading." If you know something either harmful or beneficial to the exchange rate of the Euro, then feel free to capitalize on that information at will. The equivalent information at the stock exchange, might very well lead to an investigation by the SEC. Always keep in mind that 95% of currency trades are speculative. What that means is that this is a very risky venture. Without correct and through training and the right kind of software to trade on, you can very easily lose your investment. The proper program will make it virtually impossible for major trading blunders to occur.
These programs can be set to scan the market looking for the origins of profitable trends. Once it has found what it deems as a reliable trading opportunity, it invests accordingly. The fact that because they are entirely automated and digital, these robots can react to changes faster than a human trader, and thus know exactly what to look for. It will follow the trades performance along in the market step by step minute by minute with the purpose being of keeping you on the money earning side of that trade for as long as possible. You are always shielded from losing your investment because, once the market fluctuates out of your favor as it will inevitably and eventually do, the program trades away the now bad investment. They not only offer live streaming technical data, but you can view real-time prices in 37 currency pairs and spot gold. Also you can execute market orders with just one mouse click and choose from eight available order types.
Remember we are trading currency, which is vulnerable to political and economic news, so all of the platforms have access to view up to the minute news headlines and market commentary. To be affective the platform should meet at least a minimum of three qualifications.
1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)
2 Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerages technical data are too small to be useful)
3. It must be cost effective. (Most good systems can be purchased for between one and two hundred dollars)
Author: Avery Mann
Interest Rate - The Lifeline Of A Country's Economy by Acheson Scott
An interest rate is the price a borrower pays to the lender for using his money for a specific purpose. The rates are usually calculated on a monthly basis. However, they are expressed as percentage rates calculated over the period of one year.
Effects Of A Fluctuating Rate Of Interest On The Economy:
Typically, banks and government financial institutions set rates of interest. They vary from country to country, and as such, the rates are guided by the performance of financial sectors and money markets. The inflationary tendencies of a market are one of the principle causes. The risk associated with the lending process is another reason why lending rates fluctuate. There is always an inherent fear that the borrower may go bankrupt, or make deferred payment, which can affect the earning potential of the lender. To cover such occurrences, they may charge higher rates of lending. Thus, interest rate comparison must be done but it is not that easy. It is periodically affected by Constant minor changes, and many other factors.
Additionally, the lender prefers that his resources be available to him immediately when the need arises. Lending blocks the availability of funds for a decided period. The lender may also have to pay taxes for the profits earned from lending business. To compensate the losses due to tax, he may lend money at a higher rate. But it is important for borrowers to go for interest rate comparison.
A bank interest rate is the rate charged by a country's federal bank on loans and advances to control money supply in the banking sector. This also helps in controlling the economy and stabilizing the country's exchange rates. Even a slight fluctuation in bank rates impacts every aspect of the country's economy. For example, the stock markets' indices can react very sharply, even to small changes in the rate of interest. The changes in rates can also affect the mortgage rate because of the long-term effect that it can have on the sums loaned. Thus, interest rate comparison is a must
Types Of Rate Of Interest:
Interest rates are of two types, namely simple and compound. Simple interest is the interest paid on the amount loaned, also known as Principle amount, or on that portion of the amount that remains unpaid. Compound interest is similar, but different in the way the interest amount is calculated. The balance interest amount is added to the money due to be paid. Over a period of time the interest can become larger and beyond manageable proportions, if payments or installments are not paid on time.
In addition to the above, there are fixed and floating rates of interest. Rates that do not change over the term of the loan are called fixed rates. Floating rate is charged when the rates are changeable at any point in time during the loan term. Banks usually charge a combination of two types of loans with the initial periods in the fixed mode, and the subsequent part of the term under the flexible rate system.
Author: Acheson Scott
Effects Of A Fluctuating Rate Of Interest On The Economy:
Typically, banks and government financial institutions set rates of interest. They vary from country to country, and as such, the rates are guided by the performance of financial sectors and money markets. The inflationary tendencies of a market are one of the principle causes. The risk associated with the lending process is another reason why lending rates fluctuate. There is always an inherent fear that the borrower may go bankrupt, or make deferred payment, which can affect the earning potential of the lender. To cover such occurrences, they may charge higher rates of lending. Thus, interest rate comparison must be done but it is not that easy. It is periodically affected by Constant minor changes, and many other factors.
Additionally, the lender prefers that his resources be available to him immediately when the need arises. Lending blocks the availability of funds for a decided period. The lender may also have to pay taxes for the profits earned from lending business. To compensate the losses due to tax, he may lend money at a higher rate. But it is important for borrowers to go for interest rate comparison.
A bank interest rate is the rate charged by a country's federal bank on loans and advances to control money supply in the banking sector. This also helps in controlling the economy and stabilizing the country's exchange rates. Even a slight fluctuation in bank rates impacts every aspect of the country's economy. For example, the stock markets' indices can react very sharply, even to small changes in the rate of interest. The changes in rates can also affect the mortgage rate because of the long-term effect that it can have on the sums loaned. Thus, interest rate comparison is a must
Types Of Rate Of Interest:
Interest rates are of two types, namely simple and compound. Simple interest is the interest paid on the amount loaned, also known as Principle amount, or on that portion of the amount that remains unpaid. Compound interest is similar, but different in the way the interest amount is calculated. The balance interest amount is added to the money due to be paid. Over a period of time the interest can become larger and beyond manageable proportions, if payments or installments are not paid on time.
In addition to the above, there are fixed and floating rates of interest. Rates that do not change over the term of the loan are called fixed rates. Floating rate is charged when the rates are changeable at any point in time during the loan term. Banks usually charge a combination of two types of loans with the initial periods in the fixed mode, and the subsequent part of the term under the flexible rate system.
Friday, April 23, 2010
The Forex No Loss Robot Making Zero Losses by Marie Stevens
Whenever you get bad news, something is usually wrong. But how can it be a bad thing if a no loss forex robot really never loses any trades? Why would it be so bad if all of us regular guys never lose trades? If you could go to sleep at night with confidence that when you wake up in the morning, all you have to do is check and see how much money the No Loss Robot has made you, how great would that feel? So how can it be that the No Loss Forex Robot is a bad thing?
No Loss Robot creates a unique opportunity for both new and seasoned traders who want to earn more, but don't have all the time to devote to a 24/7, 5 days a week business.
The demands of the Forex trading is extremely intense, and leaves very little space for anything else. Why do you think Forex traders are smokers, drinkers, and either overweight or underweight?
Forex trading is a zero-sum game just as other forms of investment are. A zero-sum game means that when you make money, someone has to lose it. To put it another way, for every dollar you lose, it ends up in the accounts of the big investor's. If you do happen to make a few dollars, it'll come from some other poor guy who is constantly losing or else from the accounts of one of the "big boy" investors who are in control. And they are not in it to pay you!
If some small investors learn their hedge trading method and manage to turn it to their own advantage and make money...even if it's a lot of money...they don't even bat an eye. After all, BILLIONS and BILLIONS are traded in the forex markets on a daily basis. If a small percentage of smart traders somehow learn the same hedging system that have been filling the coffers of the fat cats for years and manage to make a few million, it isn't enough of a reason for them to take any action to change things.
The magic starts to happen, and the dollars starts to flow because the No Loss Robot is designed by computer and Forex experts alike. They have taken into consideration the different trends, and have mathematically calculated the ratios for you.
Casinos have already changed their rules a few times. The "big boys" who control the markets with the amount of money they can put in are like the Vegas casinos. They will want to keep the rules as they are now in order to preserve their advantages over the rest of us.
So if a trading tool exists that will take away their advantage they have in the markets and erode their profits, they will absolutely react and change the rules. Though it may sound like some conspiracy theory, something like the No Loss Robot could absolutely be a game changer.
Author: Marie Stevens
No Loss Robot creates a unique opportunity for both new and seasoned traders who want to earn more, but don't have all the time to devote to a 24/7, 5 days a week business.
The demands of the Forex trading is extremely intense, and leaves very little space for anything else. Why do you think Forex traders are smokers, drinkers, and either overweight or underweight?
Forex trading is a zero-sum game just as other forms of investment are. A zero-sum game means that when you make money, someone has to lose it. To put it another way, for every dollar you lose, it ends up in the accounts of the big investor's. If you do happen to make a few dollars, it'll come from some other poor guy who is constantly losing or else from the accounts of one of the "big boy" investors who are in control. And they are not in it to pay you!
If some small investors learn their hedge trading method and manage to turn it to their own advantage and make money...even if it's a lot of money...they don't even bat an eye. After all, BILLIONS and BILLIONS are traded in the forex markets on a daily basis. If a small percentage of smart traders somehow learn the same hedging system that have been filling the coffers of the fat cats for years and manage to make a few million, it isn't enough of a reason for them to take any action to change things.
The magic starts to happen, and the dollars starts to flow because the No Loss Robot is designed by computer and Forex experts alike. They have taken into consideration the different trends, and have mathematically calculated the ratios for you.
Casinos have already changed their rules a few times. The "big boys" who control the markets with the amount of money they can put in are like the Vegas casinos. They will want to keep the rules as they are now in order to preserve their advantages over the rest of us.
So if a trading tool exists that will take away their advantage they have in the markets and erode their profits, they will absolutely react and change the rules. Though it may sound like some conspiracy theory, something like the No Loss Robot could absolutely be a game changer.
Author: Marie Stevens
The Forex Cash Robot Gets Introduced To The Market by Kendra Lackey
It only gets better - automated Forex trading software has been around for quite a while. The old software seems amateur compared to what is being released today. Take for example, the latest automated Forex software to be launched, the Forex Cash Rocket.
In the automated Forex trading software business, there are so many different software to choose from. At present, the Forex Cash Rocket is getting a lot of attention because it is new.
For example, Forex Cash Rocket uses a series of applications, and does not rely on just one. It has the NAMA technology which is an application that allows a software to work with different programs like cashless system, remote monitoring, and vending. This means that over a long period of time, your software will still be current because of the standard interface and similar data files.
It's just like driving. If you're tired, you'll make mistakes like wide turns and sudden stops. People need their rest. What makes Forex traders different from any other business is that it is a market that works 24/7 for 5 straight days! Who can work at that pace for a prolonged period of time without making errors? Very few.
Forex Cash Rocket works. It's created by people who have been in the business. They know what the Forex trading industry is like, and have intimate knowledge that may not even be available to regular guys who just want to make a buck.
Finally, this software has the Market Extrapolator, which allows the software to adapt to the situation. It does not rely solely on what its historical data says, but keeps a close eye on the current trends, and makes adjustments when necessary.
Of course, no automated Forex trading software will work properly unless it can be applied anywhere in the world, and this one does it perfectly. So, no matter where you travel to, or where you live, Forex Cash Rocket can be there to help you. It even comes with a money back refund if you fail to realize your investment's true potential.
In summary, the Forex Cash Rocket will allow you to earn without having to stick close by to a computer; it works while you sleep; you don't have to be an experienced Forex trader to start a forex trading business; and you can profit very well, whatever your experience is.
Author: Kendra Lackey
In the automated Forex trading software business, there are so many different software to choose from. At present, the Forex Cash Rocket is getting a lot of attention because it is new.
For example, Forex Cash Rocket uses a series of applications, and does not rely on just one. It has the NAMA technology which is an application that allows a software to work with different programs like cashless system, remote monitoring, and vending. This means that over a long period of time, your software will still be current because of the standard interface and similar data files.
It's just like driving. If you're tired, you'll make mistakes like wide turns and sudden stops. People need their rest. What makes Forex traders different from any other business is that it is a market that works 24/7 for 5 straight days! Who can work at that pace for a prolonged period of time without making errors? Very few.
Forex Cash Rocket works. It's created by people who have been in the business. They know what the Forex trading industry is like, and have intimate knowledge that may not even be available to regular guys who just want to make a buck.
Finally, this software has the Market Extrapolator, which allows the software to adapt to the situation. It does not rely solely on what its historical data says, but keeps a close eye on the current trends, and makes adjustments when necessary.
Of course, no automated Forex trading software will work properly unless it can be applied anywhere in the world, and this one does it perfectly. So, no matter where you travel to, or where you live, Forex Cash Rocket can be there to help you. It even comes with a money back refund if you fail to realize your investment's true potential.
In summary, the Forex Cash Rocket will allow you to earn without having to stick close by to a computer; it works while you sleep; you don't have to be an experienced Forex trader to start a forex trading business; and you can profit very well, whatever your experience is.
Author: Kendra Lackey
Forex Trading Strategies For Beginners
Forex trading is an activity of buying and selling of currency pairs through Forex market to make profit and it is merely a game of probability. In the Forex trading market, people exchange currency online or through some other sources. The concept is the same as in the stock market. You buy when the market prices are low and sell for high prices. This is how one makes profit. Forex trading involves the trading of currency pairs more willingly than trading a single currency.
If currencies exchanged in large volumes after watching out the market situations wisely, one can successfully carry it out as a moneymaking business. Obviously, the profits depend ultimately on the value of the currency you bought or sold when you close the trade. More often than not, investors buy and sell a pair of currencies online and the choice of buying and selling greatly influenced by the bids that are positioned by the willing buyers.
At this point in time, foreign currency trading has become the quickest money-spinning business activity. Earlier, this platform was used only by big institutions or government banks; however, now this is utilized by a large number of investors across the globe. Those who eye on making money easily can find this place more profitable and ideal. Any profits and losses in Forex trading are directly related to the fluctuating value of the two currencies. Most of the time, services of brokers and financial brokerage firms that carry out Forex trading helps the inexperienced people. It is very important for one to begin trading by training himself or herself to get used to trading in a live market environment. As the investor get better and more confidence in Forex online trading, he or she can make their account size bigger.
However, there are disadvantages too. The new comers should be watching out their transactions carefully. The untimely decisions can prove unfavorable. Therefore, avoid taking decision on rumor. Always look for an online Forex broker who is well experienced and professional and try to learn from not only your mistakes but from others too. Never lose your patience, as this business requires a great deal of staying power. It will be always helpful to analyze risk-reward ratio and keep a close eye on the market affairs. If you do not pay attention to all these wise strategies, you may risk your investment and your future as well.
If currencies exchanged in large volumes after watching out the market situations wisely, one can successfully carry it out as a moneymaking business. Obviously, the profits depend ultimately on the value of the currency you bought or sold when you close the trade. More often than not, investors buy and sell a pair of currencies online and the choice of buying and selling greatly influenced by the bids that are positioned by the willing buyers.
At this point in time, foreign currency trading has become the quickest money-spinning business activity. Earlier, this platform was used only by big institutions or government banks; however, now this is utilized by a large number of investors across the globe. Those who eye on making money easily can find this place more profitable and ideal. Any profits and losses in Forex trading are directly related to the fluctuating value of the two currencies. Most of the time, services of brokers and financial brokerage firms that carry out Forex trading helps the inexperienced people. It is very important for one to begin trading by training himself or herself to get used to trading in a live market environment. As the investor get better and more confidence in Forex online trading, he or she can make their account size bigger.
However, there are disadvantages too. The new comers should be watching out their transactions carefully. The untimely decisions can prove unfavorable. Therefore, avoid taking decision on rumor. Always look for an online Forex broker who is well experienced and professional and try to learn from not only your mistakes but from others too. Never lose your patience, as this business requires a great deal of staying power. It will be always helpful to analyze risk-reward ratio and keep a close eye on the market affairs. If you do not pay attention to all these wise strategies, you may risk your investment and your future as well.
Forex And Trading Room- The Relation by Leroy Rushing
When it comes to forex trading there are several ways in which novice traders can start learning the process. The forex market is the largest in the world in fact. You can start learning about forex trading by making use of a mentor based system of learning opportunities for which are many.
It can be very expensive to have a one to one arrangement to learn the essentials of forex trading. The alternative method is to trade with the help of a mentor in a live trading environment where you can also ask questions and get answers. You can make use of a live forex trading room.
You can experience how it feels like to sit beside a professional in a virtual trading room by becoming a member of the live forex trading room. Trading rooms these days make use of audio and visual display instead of the ordinary text chat based model used earlier.
You can listen to the analysis of the trader through your computer screen as he works live in the market with his trades. You will get to know everything right from the analysis, trade set up, logic that motivated his entry in the first place and the market overview all of which is very transparent.
You can also get to know the basics of day trading, price action, trading on futures stocks and other aspects with respect to trading in a trading room. The trading room also enables a new trader to ask queries freely during the trading session.
A novice in the field of trading can learn to trade better in a live environment than trying to understand trading based on past data or data given by the author in a book. You can learn better in a trading room because you can be exposed to all the market movements, fall and rise of prices and the chart setups that may just take place before the traders eyes.
You can get all the guidance you need by becoming a member of live trading rooms. You can also develop the patience needed to maintain a trade. Since you can seek the help of a professional trader you can have the right kind of help because hell be able to guide you regarding the calls you may have to make in any situation.
You can also work alongside him and try to trade just like him instead of deciding for yourself regarding what to trade, when to exit, where to place stops, when to take profit etc. With a forex trading software and an online forex brokers account you can start day trading from the very first day of your registration to the live trading room.
Author: Leroy Rushing
It can be very expensive to have a one to one arrangement to learn the essentials of forex trading. The alternative method is to trade with the help of a mentor in a live trading environment where you can also ask questions and get answers. You can make use of a live forex trading room.
You can experience how it feels like to sit beside a professional in a virtual trading room by becoming a member of the live forex trading room. Trading rooms these days make use of audio and visual display instead of the ordinary text chat based model used earlier.
You can listen to the analysis of the trader through your computer screen as he works live in the market with his trades. You will get to know everything right from the analysis, trade set up, logic that motivated his entry in the first place and the market overview all of which is very transparent.
You can also get to know the basics of day trading, price action, trading on futures stocks and other aspects with respect to trading in a trading room. The trading room also enables a new trader to ask queries freely during the trading session.
A novice in the field of trading can learn to trade better in a live environment than trying to understand trading based on past data or data given by the author in a book. You can learn better in a trading room because you can be exposed to all the market movements, fall and rise of prices and the chart setups that may just take place before the traders eyes.
You can get all the guidance you need by becoming a member of live trading rooms. You can also develop the patience needed to maintain a trade. Since you can seek the help of a professional trader you can have the right kind of help because hell be able to guide you regarding the calls you may have to make in any situation.
You can also work alongside him and try to trade just like him instead of deciding for yourself regarding what to trade, when to exit, where to place stops, when to take profit etc. With a forex trading software and an online forex brokers account you can start day trading from the very first day of your registration to the live trading room.
Author: Leroy Rushing
Forex Trading Tutorial: Facts About Currency Trading by Karen Winton
The Forex market is 'alive' 24 x 7. This means that it runs five days a week, and is 'open' 24 hours every day. It is in fact considered as the world's largest market where the currencies are either sold or bought, which is also one of the reasons why a lot of individuals want to know how to trade Forex.
What other facts should newbie traders know about the Forex trading market?
Fact # 1: There are no 'Forex headquarters'.
In a Forex trading tutorial, this fact will usually be mentioned. True, there are major centers where trading may be held, but there is no specific headquarters for trading in Forex. Instead, the trades are done over the counter where people can choose to make trades over the World Wide Web, or by telephone.
Fact #2: There are four major currency pairs that play important roles in the Forex market.
The Euro Dollar and US Dollar (EUR/USD), the US Dollar and Japanese Yen (USD/JPY), the British Pound and US Dollar (GBP/USD), and the US Dollar and Canadian Dollar (USD/CAD) are the major currency pairs of the Forex trading market. Most people who learned how to trade Forex therefore choose to invest in the above mentioned currency pairs as they feel that those will give them higher earnings.
Fact #3: Forex trading tutorial reiterates that currency trading is not meant only for large players.
The wealthy are not the only ones who can 'play' in Forex. Even small players can try their hand at Forex investing. Wealthy traders, or the big players, can profit from up to millions of dollars, while the small players get the chance to take home thousands of dollars.
Nowadays, there are even brokers that will allow you to set up a Forex account online for less than $300. This is actually proof that even average earners or small players can learn how to trade Forex, then, participate in the trading event in the hope of doubling their money.
Here are the tools you need to get started in the Forex trading market: a Forex trading tutorial, the willingness to take risks, a certain amount of money, the research skills, and the logical skills, among others. It is normal to experience some losses; you should not lose faith, however, that you'll eventually figure out how you can get a good amount of money from trading in Forex.
Author: Karen Winton
What other facts should newbie traders know about the Forex trading market?
Fact # 1: There are no 'Forex headquarters'.
In a Forex trading tutorial, this fact will usually be mentioned. True, there are major centers where trading may be held, but there is no specific headquarters for trading in Forex. Instead, the trades are done over the counter where people can choose to make trades over the World Wide Web, or by telephone.
Fact #2: There are four major currency pairs that play important roles in the Forex market.
The Euro Dollar and US Dollar (EUR/USD), the US Dollar and Japanese Yen (USD/JPY), the British Pound and US Dollar (GBP/USD), and the US Dollar and Canadian Dollar (USD/CAD) are the major currency pairs of the Forex trading market. Most people who learned how to trade Forex therefore choose to invest in the above mentioned currency pairs as they feel that those will give them higher earnings.
Fact #3: Forex trading tutorial reiterates that currency trading is not meant only for large players.
The wealthy are not the only ones who can 'play' in Forex. Even small players can try their hand at Forex investing. Wealthy traders, or the big players, can profit from up to millions of dollars, while the small players get the chance to take home thousands of dollars.
Nowadays, there are even brokers that will allow you to set up a Forex account online for less than $300. This is actually proof that even average earners or small players can learn how to trade Forex, then, participate in the trading event in the hope of doubling their money.
Here are the tools you need to get started in the Forex trading market: a Forex trading tutorial, the willingness to take risks, a certain amount of money, the research skills, and the logical skills, among others. It is normal to experience some losses; you should not lose faith, however, that you'll eventually figure out how you can get a good amount of money from trading in Forex.
Author: Karen Winton
Types Of Forex Trading Orders by Martin Chandra
Placing orders correctly is probably one of the most important aspects of trading. It is vital that you understand and use the correct order when you trade.
Market Order
This simply tells your broker to buy or sell at the current market price. This is preferable in fast market conditions or when you want to ensure that a position is taken and to protect against missing an opportunity. The broker will attempt to buy or sell the security at the current market rate.
Limit Order
This order can be used to enter or exit a trade. It specifies a price that the trader is willing to pay or accept (or better). A buy limit order is placed below the current market price and states the highest price the trader is willing to pay for a purchase. A sell limit order is placed over the current market price and is the lowest price the seller is willing to accept.
If you already have a position in the market e.g. you were long the market, you could use a limit order to tell the broker at what price you wanted to sell once your price objective had been reached. You could also use the order to tell the broker at what price you want to enter the market. If ABC Company was trading at 45.50 and you wanted to buy that company at 44.00 you could use a buy limit order to take you into the market.
Stop Loss Order
Probably the most important and most commonly used order. It can be used to establish a new position, limit a loss on an existing position, or protect a profit.
A stop order specifies a price at which an order is to be executed. A buy stop is placed above the market and a sell stop is placed below the market. (Which is the opposite of the limit order). Once the stop price is hit, the order becomes a market order and is executed at the best price possible.
On a long position, a sell stop is placed below the market to limit a loss. After the market moves higher, the stop can be raised to protect the profit (a trailing stop). You could also use the sell stop to enter the market as the market declines. A buy stop could be placed above the market to initiate a new long position or close an existing short position. Since the stop order becomes a market order, the actual 'fill' price may be beyond the stop price, especially in a fast market.
Stop Limit Order
This order is a combination of both a stop and a limit order. This type of order specifies both a stop price where the trade is activated and a limit price to close the position. Once the stop is elected, the order becomes a limit order. This type of order is useful when the trader wants to buy or sell a breakout, but wants to control the price paid or received.
Market On Open (MOO)
This order as the name implies will be executed at the opening price of the market. As market openings can tend to be volatile it can be difficult for a broker to get the exact opening price and the settlement price may be different from the opening price.
Market On Close (MOC)
Also as the name implies this order is executed on the close of the market. In some markets the actual closing price may be different from the settlement price particularly if it's a fast moving market.
Market If Touched (MIT)
Not all exchanges accept MIT orders. Like the stop order the MIT order is executed if the market price reaches the MIT price you have elected. Once the market touches your elected price the MIT order becomes a market order.
Good Till Canceled
This type of order is also know as an 'open order' the order remains in effect until the order is executed or the trader cancels the order.
Fill Or Kill (FOK)
This order is sent to the pit and should be executed immediately. If the order cannot be filled immediately the order is canceled.
All Or None
This is essentially a limit order to buy or sell a security. The important point of this order is that the total order must be filled or none of it.
Day Order
An order that terminated automatically at the end of the day. If you have placed an order to buy or sell a security at a particular price and it is not filled the order is terminated at the end of the day.
The above orders are the most common orders. Some securities may not use all of the above orders, as each market is different. It is important when you first start using orders that you have a chat with your broker and just go over the order procedure with him.
Author: Martin Chandra
Market Order
This simply tells your broker to buy or sell at the current market price. This is preferable in fast market conditions or when you want to ensure that a position is taken and to protect against missing an opportunity. The broker will attempt to buy or sell the security at the current market rate.
Limit Order
This order can be used to enter or exit a trade. It specifies a price that the trader is willing to pay or accept (or better). A buy limit order is placed below the current market price and states the highest price the trader is willing to pay for a purchase. A sell limit order is placed over the current market price and is the lowest price the seller is willing to accept.
If you already have a position in the market e.g. you were long the market, you could use a limit order to tell the broker at what price you wanted to sell once your price objective had been reached. You could also use the order to tell the broker at what price you want to enter the market. If ABC Company was trading at 45.50 and you wanted to buy that company at 44.00 you could use a buy limit order to take you into the market.
Stop Loss Order
Probably the most important and most commonly used order. It can be used to establish a new position, limit a loss on an existing position, or protect a profit.
A stop order specifies a price at which an order is to be executed. A buy stop is placed above the market and a sell stop is placed below the market. (Which is the opposite of the limit order). Once the stop price is hit, the order becomes a market order and is executed at the best price possible.
On a long position, a sell stop is placed below the market to limit a loss. After the market moves higher, the stop can be raised to protect the profit (a trailing stop). You could also use the sell stop to enter the market as the market declines. A buy stop could be placed above the market to initiate a new long position or close an existing short position. Since the stop order becomes a market order, the actual 'fill' price may be beyond the stop price, especially in a fast market.
Stop Limit Order
This order is a combination of both a stop and a limit order. This type of order specifies both a stop price where the trade is activated and a limit price to close the position. Once the stop is elected, the order becomes a limit order. This type of order is useful when the trader wants to buy or sell a breakout, but wants to control the price paid or received.
Market On Open (MOO)
This order as the name implies will be executed at the opening price of the market. As market openings can tend to be volatile it can be difficult for a broker to get the exact opening price and the settlement price may be different from the opening price.
Market On Close (MOC)
Also as the name implies this order is executed on the close of the market. In some markets the actual closing price may be different from the settlement price particularly if it's a fast moving market.
Market If Touched (MIT)
Not all exchanges accept MIT orders. Like the stop order the MIT order is executed if the market price reaches the MIT price you have elected. Once the market touches your elected price the MIT order becomes a market order.
Good Till Canceled
This type of order is also know as an 'open order' the order remains in effect until the order is executed or the trader cancels the order.
Fill Or Kill (FOK)
This order is sent to the pit and should be executed immediately. If the order cannot be filled immediately the order is canceled.
All Or None
This is essentially a limit order to buy or sell a security. The important point of this order is that the total order must be filled or none of it.
Day Order
An order that terminated automatically at the end of the day. If you have placed an order to buy or sell a security at a particular price and it is not filled the order is terminated at the end of the day.
The above orders are the most common orders. Some securities may not use all of the above orders, as each market is different. It is important when you first start using orders that you have a chat with your broker and just go over the order procedure with him.
Author: Martin Chandra
Buying And Selling Currencies by Martin Chandra
Trading opportunities in the forex market deserve serious consideration as a diversification strategy for your portfolio.
While online equities and futures trading have enjoyed exponential growth and widespread notoriety over the past few years, online foreign exchange trading is only now gaining popularity among seasoned active traders, commodity trading advisors (CTAs), and other professional money managers.
Until recently, large international banks dominated the foreign exchange market, only allowing access via telephone trading to a select few such as Fortune 1000 companies, large funds, high-net worth individuals, and so on. But now, the tide has turned and finally there are established online trading firms that provide individual investors with direct access to the largest, most liquid financial market in the world.
In this market you may buy or sell currencies. The objective is to earn a profit from your position. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually identical to those found in other markets, so the transition for many traders is often seamless.
Here are an example of how forex trading works. Say, a trader purchases 10,000 euros in the beginning of 2004 at the EUR/USD rate was .9600. In May of 2006 the trader exchanges his 10,000 euro back into US dollar at the market rate of 1.1800. In this example, the trader earned a gross profit of $2,200.
Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the 'basis' for the buy or the sell. For example, if you BUY EUR/USD you have bought euros (simultaneously sold dollars). You would do so in expectation that the euro will appreciate (go up) relative to the US dollar.
EUR/USD
In this example euro is the base currency and thus the 'basis' for the buy/sell. If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order. By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.
GBP/USD
In this example the GBP is the base currency and thus the 'basis' for the buy/sell. By doing so you have bought pounds in the expectation that they will appreciate versus the US dollar. If you believe the British are going to adopt the euro and this will weaken pounds as they devalue their currency in anticipation of the merge, you would execute a SELL GBP/USD order. By doing so you have sold pounds in the expectation that they will depreciate against the US dollar.
USD/JPY
In this example the US dollar is the base currency and thus the 'basis' for the buy/sell. If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. By doing so you have bought U.S dollars in the expectation that they will appreciate versus the Japanese yen. If you believe that Japanese investors are pulling money out of U.S. financial markets and repatriating funds back to Japan, and this will hurt the US dollar, you would execute a SELL USD/JPY order. By doing so you have sold U.S dollars in the expectation that they will depreciate against the Japanese yen.
USD/CHF
In this example the CHF is the base currency and thus the 'basis' for the buy/sell. If you think the Swiss franc is overvalued, you would execute a BUY USD/CHF order. By doing so you have bought US dollars in the expectation that they will appreciate versus the Swiss Franc. If you believe that due to instability in the Middle East and in U.S. financial markets the dollar will continue to weaken, you would execute a SELL USD/CHF order. By doing so you have sold US dollars in the expectation that they will depreciate against the Swiss franc.
Author: Martin Chandra
While online equities and futures trading have enjoyed exponential growth and widespread notoriety over the past few years, online foreign exchange trading is only now gaining popularity among seasoned active traders, commodity trading advisors (CTAs), and other professional money managers.
Until recently, large international banks dominated the foreign exchange market, only allowing access via telephone trading to a select few such as Fortune 1000 companies, large funds, high-net worth individuals, and so on. But now, the tide has turned and finally there are established online trading firms that provide individual investors with direct access to the largest, most liquid financial market in the world.
In this market you may buy or sell currencies. The objective is to earn a profit from your position. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually identical to those found in other markets, so the transition for many traders is often seamless.
Here are an example of how forex trading works. Say, a trader purchases 10,000 euros in the beginning of 2004 at the EUR/USD rate was .9600. In May of 2006 the trader exchanges his 10,000 euro back into US dollar at the market rate of 1.1800. In this example, the trader earned a gross profit of $2,200.
Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the 'basis' for the buy or the sell. For example, if you BUY EUR/USD you have bought euros (simultaneously sold dollars). You would do so in expectation that the euro will appreciate (go up) relative to the US dollar.
EUR/USD
In this example euro is the base currency and thus the 'basis' for the buy/sell. If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order. By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.
GBP/USD
In this example the GBP is the base currency and thus the 'basis' for the buy/sell. By doing so you have bought pounds in the expectation that they will appreciate versus the US dollar. If you believe the British are going to adopt the euro and this will weaken pounds as they devalue their currency in anticipation of the merge, you would execute a SELL GBP/USD order. By doing so you have sold pounds in the expectation that they will depreciate against the US dollar.
USD/JPY
In this example the US dollar is the base currency and thus the 'basis' for the buy/sell. If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. By doing so you have bought U.S dollars in the expectation that they will appreciate versus the Japanese yen. If you believe that Japanese investors are pulling money out of U.S. financial markets and repatriating funds back to Japan, and this will hurt the US dollar, you would execute a SELL USD/JPY order. By doing so you have sold U.S dollars in the expectation that they will depreciate against the Japanese yen.
USD/CHF
In this example the CHF is the base currency and thus the 'basis' for the buy/sell. If you think the Swiss franc is overvalued, you would execute a BUY USD/CHF order. By doing so you have bought US dollars in the expectation that they will appreciate versus the Swiss Franc. If you believe that due to instability in the Middle East and in U.S. financial markets the dollar will continue to weaken, you would execute a SELL USD/CHF order. By doing so you have sold US dollars in the expectation that they will depreciate against the Swiss franc.
Author: Martin Chandra
How Forex Trading Works by Martin Chandra
Forex, as you very well know, is the largest financial market in the world. Unlike many other markets, the international forex market is open 24 hours a day. Its daily turnover is well over US$ 1.2 trillion. This turnover is more than the combined turnover of the world's major stock markets on any given day. Hence, the international forex market is a very liquid, and thus, a desirable market for trading. As with any other market, technology has also contributed immensely towards its expansion. Now trades are executed increasingly through the internet. It has allowed even smaller investors the access to the market.
In this market you may buy or sell currencies. The objective is to earn a profit from your position. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually identical to those found in other markets, so the transition for many traders is often seamless.
Here are an example of how forex trading works. Say, a trader purchases 10,000 euros in the beginning of 2004 at the EUR/USD rate was .9600. In May of 2006 the trader exchanges his 10,000 euro back into US dollar at the market rate of 1.1800. In this example, the trader earned a gross profit of $2,200.
Example of How Margin Works
Since the trader opened 1 lot of the EUR/USD, his margin requirement or Used Margin is $1000. Usable Margin is the funds available to open new positions or sustain trading losses. If the equity (the value of his account) falls below his Used Margin due to trading losses, his position will automatically be closed. As a result, the trader can never lose more than he/she deposits.
Author: Martin Chandra
In this market you may buy or sell currencies. The objective is to earn a profit from your position. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually identical to those found in other markets, so the transition for many traders is often seamless.
Here are an example of how forex trading works. Say, a trader purchases 10,000 euros in the beginning of 2004 at the EUR/USD rate was .9600. In May of 2006 the trader exchanges his 10,000 euro back into US dollar at the market rate of 1.1800. In this example, the trader earned a gross profit of $2,200.
Example of How Margin Works
Since the trader opened 1 lot of the EUR/USD, his margin requirement or Used Margin is $1000. Usable Margin is the funds available to open new positions or sustain trading losses. If the equity (the value of his account) falls below his Used Margin due to trading losses, his position will automatically be closed. As a result, the trader can never lose more than he/she deposits.
Author: Martin Chandra
Subscribe to:
Posts (Atom)