Forex Trading - Online Forex Trading Resources

SFO Webinar: Gartley Patterns in Action

2011-05-07T02:44:00.000+07:00

SFO magazine

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Free Webinars from SFO magazine!

Connect directly with our award winning authors through our complimentary webinars, brought to you by the leader in financial education, Stocks, Futures and Options magazine.

Learn More Now!

1. Gartley Patterns in Action: How to Use Them in Your Trading, May 11, 2011 1:30 PM CT
Presented by Ross L. Beck, FCSI is the president and chief technical analyst for Geometric Trading LLC.
A detailed look at the technical pattern referred to as the Gartley Pattern.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

2. Walk Away in May, May 16, 2011 3:30 PM CT
Presented by John Bougearel
How should traders and investors heed that market axiom?

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

FOLLOW US!

Are you ready for the next big market move?

2011-05-06T01:57:00.000+07:00

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please click here.

Real traders don't care which direction the market is moving. That's because they know how to make money in any market... up, down or sideways. They take their profits on the upswing. They pick up bargains on a correction. Then they watch and wait for the right moment to do it all over again—often at the expense of a less experienced trader who sells or buys at precisely the wrong time.

Find out how real traders make money in the market at our complimentary Power Trading Workshop.

This popular half-day workshop is held on a regular basis at a local financial center near you. Join us and learn:

How today's global economic uncertainty translates into a world of opportunity, for traders with the savvy to cash in.
How to use professional tools, techniques and strategies that alert you to market moves before other traders even see them.
How you can expand your investing horizon by abandoning the failed concept of "buy and hold".
How to build your trading plan and reduce risk with the 7 Pillars of Trading Success – complete with live trading examples!

Workshops are held in our state-of-the-art classrooms where students execute live trades on professional trading platforms – using our accounts and our money. Find out more at the workshop. But attendance is strictly limited to the first 25 who apply so register now.

Sincerely,

Sam Seiden
Director of Education
Online Trading Academy


	Complimentary Workshop

© 2011 SFO magazine All Rights Reserved • P.O. Box 849 Cedar Falls, IA 50613

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Don't Forget to Register FREE For The Expo Dallas!

2011-05-03T23:57:00.000+07:00


	Invites You to Register FREE for The Traders Expo Dallas Priority Code for FREE Registration 022458

Tom Busby
DTI

John F. Carter
Mastering the Trade

Bart DiLiddo
VectorVest, Inc.

Robert Green
GreenTraderTax.com

Robert Hoffman
Trade the Markets

Adrian Manz
TraderInsight.com

Lawrence McMillan
McMillan Analysis Corp.

Jackie Ann Patterson
BackTesting Report

Fausto Pugliese
CyberTrading University

Merlin Rothfeld
Online Trading Academy

Charles B. Schaap
TraderDoc.com

Tom Sosnoff
TD Ameritrade

Casey Stubbs
Winners Edge Trading

Christopher Terry
LBRGroup.com

Steve Todd
The Todd Market Forcast

Deron Wagner
Morpheus Trading Group

...and many more!
View Full Speaker Roster

YOUR FELLOW TRADERS ARE HEADED TO THE TRADERS EXPO DALLAS—HERE'S WHY:

SFO invites you to register free for The Traders Expo Dallas on June 15-18, 2011 at the Hyatt Regency Dallas at Reunion. Only traders with the right knowledge and tools are well positioned to take advantage of trading opportunities presented by ever-changing market conditions. This points to one thing—high-quality trading education is essential to your trading success. The Traders Expo is your best opportunity to meet face-to-face with, learn from, and ask specific questions of an impressive roster of renowned trading experts. Register now and prepare for four days that will get you on track for a profitable future! Call 800/970-4355 and mention priority code 022458 or register online at www.dallastradersexpo.com.

Trading Experts Reveal Their Profit-Making Strategies

Toni Turner
Author, Short-Term Trading in the New Stock Market
How to Read Charts to Increase Your Trading Success*
EXPERTISE: Strategies
*This is a paid event and requires a ticket.

Alexander Elder
Author, Trading for a Living
My Favorite Trading Tools*
EXPERTISE: Strategies
*This is a paid event and requires a ticket.

Derek Frey
Senior Market Strategist, Forex Traders Daily
Harmonic Patterns 101
EXPERTISE: Strategies

Leslie Jouflas
Professional Trader and Founder, TradingLiveOnline.com
Learn to Profit Using Harmonic Numbers and Repetitive Swings
EXPERTISE: Strategies

Michael Bellafiore
Author, One Good Trade: Inside the Highly Competitive World of Proprietary Trading
From Good to Great: Using the Principles of Elite Performance to Grow Your P&L
EXPERTISE: Strategies

Learn More About The Traders Expos

Who Should Attend Discover the top 5 reasons to attend FREE including: Learn specific strategies that work from top trading pros, network and exchange ideas with other traders... READ MORE		Exhibit Hall The Exhibit Hall at The Traders Expo Dallas is your one-stop resource to a world of trading opportunities where you will have access to leading trading products and services... READ MORE
Hotel The Hyatt Regency Dallas at Reunion Tower combines a commitment to unparalleled service with the ultimate convenience of being in the heart of the historic district... READ MORE		Summary of Events A plethora of quality trading education to choose from with a variety of panel presentations, workshops, and special events available exclusively at The Traders Expos... READ MORE

Read the May Issue of SFO: Value Stock Picking

2011-05-03T00:57:00.000+07:00

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May is loaded with tips and examples geared toward value stock picking.

Steve Gomez uses video for chart explanations. Kira McCaffrey Brecht introduces you to the World Cup contest winners, and the Flash Crash feature evaluates rules and regulations moving forward.

Flash Crash: Picking Up the Pieces
By Rachel Koning Beals

2011 World Cup Trading Contest
By Kira McCaffrey Brecht

Be Mindful of Value
By Adam Ritt

Sovereign Credit Risk & Inflation
By Howard Simons

To Invest like Buffett, Go Beyond Valuation
By Charles Rotblut

Bulls & Bears Vie for Bond Market Control
By Mike Marshall

Get Defensive: History Shows Stock Swing Ahead
By John Bougearel

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Questions or comments? We'd love to hear from you! E-mail customerservice@sfomag.com
© Copyright 2011 by Wasendorf & Associates Inc. P.O. Box 849 Cedar Falls, IA 50613 . All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical including photocopying, recording or by any informative storage and retrieval system without the written permission of Wasendorf & Associates Inc.'s President.

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What Wall Street's Best & Brightest are Buying

2011-04-21T21:33:00.000+07:00

What are Wall Street's Best
& Brightest Buying?

Sign up for AdviceTrade's Free Stock Market Wizards Newsletter & Find Out!

Harry Boxer

Mike Paulenoff

Jack Steiman

Click Here to Receive this Free Newsletter

Our Wizards Cover...

Breakout Stocks
Ultra ETFs
Gold & Silver
Crude Oil
The QQQQs
Small Caps
China and Japan
The Dollar, Euro & Yen
Futures & Options
Treasuries
And much, much more!

As featured on CNBC, Stocks & Commodities Magazine, Barron's, and MarketWatch ... here's what people are saying about our Wizards:

"There's plenty of advice on the Net, but none has helped me make money like Harry Boxer's picks have." --Gary Gill, Tempe, AZ

"Mike Paulenoff's analytics of the market are the best I have ever read." --Olga Rabichkin, Los Angeles, CA

"I have never taken a letter that has the depth, common sense and knowledge which Jack Steiman displays." -- Rob Ledbetter, Henderson, NV

Click Here to Receive this Free Newsletter

Can Ethanol Weather the Storm?

2011-04-16T00:46:00.000+07:00

SFO knows a successful trader is an educated trader, which is why we are linking you with articles that fit your trading interests and needs. Read these articles and more in our April issue here.

Can Ethanol Weather the Storm?
By Timothy Hannagan

Hone Your Stock-Picking Skills in China
By Jim Trippon

The Sun is Rising on Solar Stocks
By N. Duru Ahanotu

Growing Green
By Matt Blackman

Trade the Gas of the Future
By Quint Tatro

Wading Through the ETF Jungle
By Rachel Koning Beals

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Questions or comments? We'd love to hear from you! E-mail customerservice@sfomag.com
© Copyright 2011 by Wasendorf & Associates Inc. P.O. Box 849 Cedar Falls, IA 50613 . All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical including photocopying, recording or by any informative storage and retrieval system without the written permission of Wasendorf & Associates Inc.'s President.

If you would like to opt-out of this email communication Unsubscribe here

SFO Invites You to Register FREE for The Traders Expo Dallas

2011-04-14T03:58:00.000+07:00


	Invites You to Register FREE for The Traders Expo Dallas Priority Code for FREE Registration 022458

Tom Busby
DTI

John F. Carter
Mastering the Trade

Bart DiLiddo
VectorVest, Inc.

Robert Green
GreenTraderTax.com

Robert Hoffman
Trade the Markets

Adrian Manz
TraderInsight.com

Lawrence McMillan
McMillan Analysis Corp.

Jackie Ann Patterson
BackTesting Report

Fausto Pugliese
CyberTrading University

Merlin Rothfeld
Online Trading Academy

Charles B. Schaap
TraderDoc.com

Tom Sosnoff
TD Ameritrade

Casey Stubbs
Winners Edge Trading

Christopher Terry
LBRGroup.com

Steve Todd
The Todd Market Forcast

Deron Wagner
Morpheus Trading Group

...and many more!
View Full Speaker Roster

Trading Experts Reveal Their Profit-Making Strategies

Toni Turner
Author, Short-Term Trading in the New Stock Market
How to Read Charts to Increase Your Trading Success*
EXPERTISE: Strategies
*This is a paid event and requires a ticket.

Alexander Elder
Author, Trading for a Living
My Favorite Trading Tools*
EXPERTISE: Strategies
*This is a paid event and requires a ticket.

Derek Frey
Senior Market Strategist, Forex Traders Daily
Harmonic Patterns 101
EXPERTISE: Strategies

Leslie Jouflas
Professional Trader and Founder, TradingLiveOnline.com
Learn to Profit Using Harmonic Numbers and Repetitive Swings
EXPERTISE: Strategies

Learn More About The Traders Expos

Who Should Attend Discover the top 5 reasons to attend FREE including: Learn specific strategies that work from top trading pros, network and exchange ideas with other traders... READ MORE		Exhibit Hall The Exhibit Hall at The Traders Expo Dallas is your one-stop resource to a world of trading opportunities where you will have access to leading trading products and services... READ MORE
Hotel The Hyatt Regency Dallas at Reunion Tower combines a commitment to unparalleled service with the ultimate convenience of being in the heart of the historic district... READ MORE		Summary of Events A plethora of quality trading education to choose from with a variety of panel presentations, workshops, and special events available exclusively at The Traders Expos... READ MORE

RJO Futures / ETF Trading Secrets / Forex Your Way...

2011-04-13T01:42:00.000+07:00

(Limit, one offer selection per recipient.)

25 Proven Strategies for Trading Options on CME Group Futures

RJO Futures believes that the more knowledge you have, the better trading decisions you can make. To help your 2011 trading and investment effort, we offer valuable resources from the CME Group and RJO Futures!

You'll get the CME Group publication "25 Proven Strategies for Trading Options on CME Group Futures". Each of the strategies is explained in four sections that cover: when to use the strategy, profit characteristics , loss characteristics, and decay characteristics.

In addition, you'll get a trial subscription to RJO Market Research and Trading, where you will stay at the forefront of the markets with: the latest technical analysis and fundamental research available online, coverage of financial, agricultural, energy, foreign exchange, soft & metal markets all via proprietary content provided by R.J. O'Brien.

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SFO Webinar: How to Be Good at Stock Investing

2011-04-09T01:28:00.000+07:00

SFO magazine

You are receiving this e-mail because you opted in to receive SFO magazine product offers. This is an advertisement.

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Free Webinars from SFO magazine!

Connect directly with our award winning authors through our complimentary webinars, brought to you by the leader in financial education, Stocks, Futures and Options magazine.

Learn More Now!

1. How to Be Good at Stock Investing, Apr 12, 2011 10:30 AM CT
Presented by Charles Rotblut
Good investors create their own luck by focusing on four key factors. Charles Rotblut, a vice president with AAII and editor of the AAII Journal, provides a hands-on approach for being successful at investing. You will learn how to reduce risk, gain more control of your portfolio, select individual stocks, and determine if you are paying too much in fees and expenses.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

2. Conquering the Divide, Apr 19, 2011 10:30 AM CT
Presented by Michael J. Carr and James B. Cornhelsen
The presenters will break down how advice from their new book, "Conquering the Divide," applies to current market conditions.

*Registrants will receive a 20% discount on "Conquering the Divide" and "Smarter Investing in Any Economy!"

For more about these books, please visit: TradersPress.com.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

FOLLOW US!

No cost: Videos by Former CNBC Analyst Teaches You to Profit

2011-04-05T20:59:00.000+07:00

Register now at no cost and receive immediate access to an exclusive video channel featuring the former technical analyst for CNBC, John Murphy. Go here >>

Go here to view John Murphy's message: http://www.traderplanet.com/tradertube/index/815?a=924

The author of several best-selling books, including Technical Analysis of the Financial Markets discusses:

The two primary areas of research in intermarket analysis
How intermarket analysis principles are applied to the economy
Sector relationships and how they correlate to one another
Why the Commodities vs. Bonds relationship is a good indicator for inflation

and much more...

There is no charge or further obligation to view these videos: http://www.traderplanet.com/tradertube/index/815?a=924

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Read the April Issue of SFO: Going Green

2011-04-02T03:00:00.000+07:00

SFO (Stocks, Futures and Options) magazine:
April Issue - Going Green!

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Questions or comments? We’d love to hear from you! E-mail customerservice@sfomag.com
© Copyright 2011 by Wasendorf & Associates Inc. P.O. Box 849 Cedar Falls, IA 50613. All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical including photocopying, recording or by any informative storage and retrieval system without the written permission of Wasendorf & Associates Inc.’s President.

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Free Investor Toolkit-including a FREE book-sign up to receive yours now!

2011-03-25T22:51:00.001+07:00

This is a special 3rd party investment opportunity from one of our partners.
This is an advertisement. If you would prefer not to receive future
marketing email messages from SFO magazine, please click here.

Choose from this comprehensive list of PFGBEST Investor Tools to start yourself on the road to smarter trading.

• FREE Book!
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There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.

The information provided herein is taken from sources believed to be reliable. However, it is intended for purposes of information and education only and is not guaranteed by CME Group, Inc. or any of its subsidiaries as to accuracy, completeness, nor any trading result and does not constitute trading advice or constitute a solicitation of the purchase or sale of any futures or options. The Rulebook of the applicable exchange should be consulted as the authoritative source on all current contract specifications.

CME Group is a trademark of CME Group Inc. The Globe logo, CME, Chicago Mercantile Exchange,
E-mini and Globex are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange Inc. COMEX is a trademark of Commodity Exchange Inc. All other trademarks are the property of their respective owners.
________________________________________________________________________________________________

Room for Improvement: Adjusting the Butterfly

2011-03-19T03:00:00.000+07:00

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You are receiving this e-mail because you are subscribed to SFO (Stocks, Futures and Options) magazine.

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SFO knows a successful trader is an educated trader, which is why we are linking you with articles that fit your trading interests and needs. Read these articles and more in our March issue here.

Alternative Approach Pays off for BOX and Traders
By Heather Larson-Blakestad

Closet Hedging
By Matt Blackman

Room for Improvement: Adjusting the Butterfly
By Mark Sebastian

Time for a New Indicator: Option Price Variance
By Jeff Augen

Struggling with High Volatility?
By Paul Kavanaugh

Break Out with Options
By Dan Passarelli

Trade the Path Less Traveled
By Clem Chambers

The Main Event: T.A. vs. Modern Portfolio Theory
By Michael Kahn

Rates of Interest
By Howard L. Simons

Book Excerpt: Live It Up! But Don't Outlive Your Income
By Scott Harstad

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* Questions or comments? We'd love to hear from you! E-mail: customerservice@sfomag.com
©Copyright 2011 by Wasendorf & Associates Inc. P.O. Box 849 Cedar Falls, IA 50613. All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical including photocopying, recording or by any informative storage and retrieval system without the written permission of Wasendorf & Associates Inc.'s President.

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No Cost: Receive 4 videos from Futures analyst, Jim Wyckoff

2011-03-15T23:00:00.001+07:00

You have been selected to receive 4 videos at no cost from legendary trader Jim Wyckoff. Go here >>

Go here to get immediate access:
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- Best Money Management techniques
- How to spot trend reversals in advance
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SFO Webinar: Trade the Path Less Traveled

2011-03-12T05:54:00.000+07:00

You are receiving this e-mail because you opted in to receive SFO magazine product offers. This is an advertisement.

If you would prefer not to receive future marketing email messages from SFO magazine, please click here.

Free Webinars from SFO magazine!

Connect directly with our award winning authors through our complimentary webinars, brought to you by the leader in financial education, Stocks, Futures and Options magazine.

Learn More Now!

1. Trade the Path Less Traveled, Mar 16, 2011 10:30 AM CT
Presented by Clem Chambers, CEO of ADVFN, Europe and South America's leading financial market website
Expanding upon his article in the March issue of SFO, Clem Chambers helps traders develop their stock picking tactics through the use of less commonly used geometric technical analysis tools.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

2. Time for a New Indicator: Option Price Variance, Mar 23, 2011 10:30 AM CT
Presented by Jeff Augen, private investor and the author of five investment books
Based on his article in the March issue of SFO, Jeff Augen shows how options pricing theory can be used to predict market changes.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

FOLLOW US!

Are YOU Diversified?

2011-03-11T22:53:00.000+07:00

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marketing email messages from SFO magazine, please click here.

FREE Futures Options Newsletter!
FREE Smarter Investing eBook!

Diversifying your portfolio has never been more important than now! The DIEM Futures Options Strategy helps you invest a small portion of your risk capital into sectors other than real estate and stocks, providing portfolio diversity.

Watch this strategy in action as we share our real-life trade recommendations in our in-depth weekly newsletter. Discover first-hand how to fit options into your portfolio!

As a special gift, receive The Secret Keys to Smart Investing eBook absolutely FREE!

Read the March Issue of SFO: All About Options

2011-03-02T04:01:00.001+07:00

SFO (Stocks, Futures and Options) magazine:
March Issue - All About Options!

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* Questions or comments? We'd love to hear from you! E-mail: customerservice@sfomag.com
©Copyright 2011 by Wasendorf & Associates Inc. P.O. Box 849 Cedar Falls, IA 50613. All rights reserved.
No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical including photocopying, recording or by any informative storage and retrieval system without the written permission of Wasendorf & Associates Inc.'s President.

If you would like to opt-out of this email communication Unsubscribe here.

My Gift To You

2011-02-25T18:00:00.000+07:00

My Gift to You

I have arranged for you to receive a complimentary 6-month subscription to Bernie Schaeffer's Option Advisor online newsletter.

Bernie Schaeffer is a well-known options guru and his newsletter, the Option Advisor, has been helping individual investors succeed in the markets since 1981.

Every month, tens of thousands of investors get a real edge with Bernie's insightful commentary and trade recommendations.

Why is options trading so popular? Because it's the perfect money-making tool for today's volatile market. You can make money as stocks rise and as they drop...name another investment that offers that kind of flexibility.

Want some proof? Take a look at these recent winners.

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This trial subscription is valued at $89, but if you respond within the next 48 hours, it's yours "on the house." And you won't be asked to give a credit card. At Schaeffer's, when we say free, we mean free.

Register now for your FREE subscription to the nation's leading options newsletter and each month you'll receive 10 trade recommendations complete with in-depth market analysis and Bernie Schaeffer's own market commentary.

As an added bonus, you'll have immediate access to the valuable Option Advisor Flight Pack, a 6-part online Crash Course in Top Gun Trading Techniques.

However, an offer like this can't last forever, so you must reply within 48 hours.

To take advantage of this FREE offer or to learn more about Bernie Schaeffer's Option Advisor, go to:

I urge you to reply now to claim your personal FREE subscription to the nation's leading options newsletter. We will not ask for a credit card...this is our gift to you. It's Bernie's way of helping individual investors profit in today's uncertain market.

Sincerely,

Todd Salamone
Senior Vice President of Research
Schaeffer's Investment Research, Inc.
5151 Pfeiffer Rd, Suite 250
Cincinnati, OH 45242
1-800-448-2080

Natalie thinks it's easy

2011-02-25T03:15:00.000+07:00

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marketing email messages from SFO magazine, please click here.

Get more BANG out of trading Futures & Forex with a FREE Simulated Trading Account from BESTDirect! The $50K test account gives you a simple, risk-free way to learn - BEST of all it's 100% FREE, baby! Check it out, now!

Take the Bull by the Horns

2011-02-18T05:20:00.001+07:00

Can't view HTML emails? Click here to view the web version.

You are receiving this e-mail because you are subscribed to SFO (Stocks, Futures and Options) magazine.

If at any time you would like to opt out of receiving this free publication, click here.

SFO knows a successful trader is an educated trader, which is why we are linking you with articles that fit your trading interests and needs. Read these articles and more in our February issue here.

The U.S. and China: A Love- Hate Relationship
By Heather Larson-Blakestad

Around the World with ETFs
By David Fry

Time for the Eurozone to Face Reality
By Howard L. Simons

Aussie & Kiwi Attract Investment Flows
By Angie Pointer

New Investing Horizons
By Charmaine Buskas

Take the Bull by the Horns
By Rob Davenport & Kevin Heller

The Forgotten Precious Metal: Copper
By Mike Daly

Words of Wisdom from World Cup Winners
By Heather Larson-Blakestad, Kira McCaffrey Brecht & Meghan Pedersen

Day Trading Indicators,
Part 2
By Markus Heitkoetter & Mark Hodge

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SFO Webinar: Technical Strategy: Find Winners with Less Risk

2011-02-12T10:19:00.001+07:00

SFO magazine

You are receiving this e-mail because you opted in to receive SFO magazine product offers. This is an advertisement.

If you would prefer not to receive future marketing email messages from SFO magazine, please click here.

Free Webinars from SFO magazine!

Connect directly with our award winning authors through our complimentary webinars, brought to you by the leader in financial education, Stocks, Futures and Options magazine.

Learn More Now!

1. Technical Strategy: Find Winners with Less Risk, Feb 16, 2011 10:30 AM CT
Presented by Amber Hestla, independent research analyst
Amber Hestla will work through examples of a stock trading strategy she introduced in the January issue of SFO that uses moving averages and rate of change.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

2. Around the World with ETFs, Feb 22, 2011 10:30 AM CT
Presented by David Fry, founder and publisher of ETF Digest
Based on his article in the February issue of SFO, David Fry explains how traders can benefit from expanding their investment allocations overseas to faster-growing economies and linked exchange-traded funds.

>>REGISTER NOW!
If you are unsure of your schedule, your registration will entitle you to a link to the archived file after the live event!

FOLLOW US!

Trading the Russell 2000 and the ICE US Dollar Index

2011-02-11T05:07:00.000+07:00

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please click here.

Live Webinar

Trading the Russell 2000^® and the ICE US Dollar Index^®Using Volume Spread Analysis, ATR Targets,
Adaptive Tick Charts and the A/D Line

Tuesday
February 15, 2011
3:30 PM CT

Join ICE and SFO Magazine as Nigel Hawkes, founder and CEO of HawkeyeTraders, discusses using technical analysis techniques to capture consistent gains trading the Russell 2000 index mini and US Dollar Index futures. Nigel presents the technique of using double time frames to generate market entry levels and then finding exits at profit targets.

In this webinar, Nigel discusses:

Volume Spread Analysis (VSA): how can it be simplified to aid in trading decisions.
Average True Range (ATR): how can it be used to set useful profit targets.
Adaptive tick charts: how can you adjust for volatility and stay in a trade longer.
Advance Decline line: how can it be used to get an edge in trading the Russell.

Ray McKenzie, ICE Futures US Vice-President of Market Development, moderates the presentation. Heather Larson-Blakestad, Executive Editor of SFO, joins the webinar to briefly highlight some features of her digital publication, which is available by free subscription.

Register Here

The views and opinions offered in this presentation are solely those of the presenter: ICE has not verified the information presented, and makes no representation about its accuracy or completeness. The views in the presentation are not necessarily those of IntercontinentalExchange or ICE Futures U.S. and cannot be the basis for any claim against them. The ICE name and logo are registered trademarks of IntercontinentalExchange, Inc. All rights are reserved. Futures and options trading involves substantial risk and is not for everyone.

Read the February Issue of SFO: Markets of the World

2011-02-02T04:01:00.000+07:00

SFO (Stocks, Futures and Options) magazine:
February Issue - Markets of the World!

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Is Futures Trading for ME?

2011-01-23T22:02:00.000+07:00

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Is Futures Trading For Me?

Have you ever considered trading commodity futures? Maybe you have a friend, a neighbor, a family member or an associate who has traded before and you have always wondered...

"Is Futures Trading for ME?"

That is a good question. How would you know?

A premonition? A hunch? A dream? You googled it? (We're just kidding Google)
You could spend several thousands of dollars on a "mentoring" course to find out

Or, you can find out at no cost.

It's true! Why would you want to spend that much money to find out that trading may not be for you? Now you don't have to!

For the first time, PFGBEST is offering Introduction To Futures Trading - a 12 week, online, classroom style trading course geared to provide you with the basics of futures and help you answer - Is Futures Trading For Me? The class will be interactive with your instructor and includes a course workbook, learning materials, homework assignments, quizzes, recommended readings, a mid-term and final exam.

Did we mention it is f-r-e-e... Ok, one catch.. (Sorry about that)..

Due to enrollment restrictions and materials required for the course, we need a "headcount" prior to January 31st. Therefore, we are extending a no-cost early bird enrollment up to January 31,2011. Enrollees after January 31st, space permitting, will be charge a nominal late enrollment fee.

To learn more about course, topics to be covered and request a course outline,
please go here

Download your pre-enrollment form here

Questions About The Course? Call Us Directly.
800-542-1022

©2011 PFGBEST, all rights reserved. One Peregrine Way, Cedar Falls IA 50613

There is substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Day Trading Indicators: Part 1

2011-01-20T06:00:00.000+07:00

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BONUS Book Excerpt: Conquering the Divide: How to Use Economic Indicators to Catch Stock Market Trends. Order Conquering the Divide and pay just $28.95 (cover price is $34.95)--no shipping and handling charges on orders delivering in the continental United States.

Hurry, this is a limited time offer. To receive this special pricing, you must click on the link provided within the excerpt.

... And Justice for All? Drilling into Dodd-Frank
By Carol E. Curtis

Better Economic
Times Ahead?
By Charmaine Buskas

The Fed’s Next Move?
By Rachel Koning Beals

Ashes, Ashes, Will They
All Fall Down?
By James W. Brown

Long Road to Recovery
By Sean Lusk

My Diversified
Retirement Plan
By Heather Larson-Blakestad

Open Outcry Isn’t Dead Yet for Commodity Options
By Carley Garner

FX Chart Analysis, Take 2
By James Chen, CTA, CMT

Day Trading Indicators,
Part 1
By Markus Heitkoetter & Mark Hodge

Walk on the Wild Side
By Howard L. Simons

Book Excerpt: Trading
in the Footsteps of
Sherlock Holmes
By Dr. Anthony Trongone

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All about day trading, day trading options, index option

2009-02-01T21:38:00.005+07:00

Index options like the S&P 100 are great for day trading!
You can become a day trader of options OR use our simple buy/sell signals on 2-3 day hold OEX Options.

day trading has a lot of good deals. Unfortunately they don't work if you live anywhere else. Their "About us" page says they have partners with less than option forex which is a pretty impressive number! The option forex that I browsed through seemed to be pretty good. In about 36 seconds of work I was able to loaded the day trading options ranging from %5 - %15 off on several major brands. Other option forex site I found included free to demo and free to try.
Overall grade: C

Graphic design: The landing page for find index option is simple and easy to understand. Its not cluttered with advertisements or useless links. The site doesn't have too much design to it. It looks like they are running a pre-made scripts and only changed the template colors. I'm not a fan of the dark bar across the top that has the home and bookmark buttons or the dark footer. I think the colors do not flow with the site and look strange matched up against the white and pink of the site. Personally I would like to see a little more effort put into creating custom graphics of day trading. With more of a custom link the site suddenly becomes unique and something the visitors will identify with
Overall grade: C-

Page layout: I really like the layout of this site. It's simple, intuitive and user friendly. I do think a mailing list or RSS feed would be a good addition. Users could sign up and be notified when new deals are available or when deals are about to expire.
Overall grade: B

Summary: If you live in the Deutsche or US and are looking for great deals then find day trading options is the perfect place to start. With index option gaining popularity every day find us day trading forex is in a great niche and I'm looking forward to see where their site goes

Final grade: C

visit them online day trading

Forex Killer Review - Why Some Think Forex Killer Is A Scam!

2008-09-07T00:26:00.001+07:00

By Thomas Eliot

Trading the foreign exchange currency market has become a popular pursuit for many market traders. As a result, a multitude of commercial products have surfaced to fill the information gap about how to use this trading market profitably. One of these tools is the trading software known as Forex Killer promoted by Andreas Kerchberger. The software works by providing a signal designed to catch the trading trend.

The only catch is that you have to know what you are doing in order to allow the software to help you make a profit. If you are inexperienced in forex trading, then don't fall into the false assumption that all you have to do is listen to what the Forex Killer software recommends and follow its advice. It's just as easy to back into a bad trade as it is to find a good one. Having a solid foundation in forex trading will help you to be cautious when using any kind of mechanized system.

While Forex Killer is often successful in finding a trend, it can sometimes give signals too late for the trader to comfortably make a decent profit. This is where a person's trading experience comes in handy, in being able to spot a trend close enough to its beginning to be able to take advantage of the ride. This is why some people are not particularly impressed with this software. It doesn't tell them anything more than what their knowledge of the charts and so forth have already disclosed.

This means that once the trend has been identified and the trade made, the person should be knowledgeable enough to be able to check the charts for any major levels of support or resistance which the trade may encounter during it's continuation. Without being able to make these critical determinations regarding the support and resistance of price levels, a person could quickly find themselves in a losing position.

So, if you're a beginning currency trader in particular, don't fall into the trap of thinking that the software is going to be able to save your investment by always giving you timely information that will allow you to exit a profitable trade in time to preserve its profit. You may on occasion have to rely on other resources (in particular, past trading experience) to give you a heads up.

To learn more about this forex trading system, you can read a further opinion at Review of the Forex Killer.

If you need help in finding and choosing the right trading system to fit your trading mentality, there are websites which specialize in providing reviews of various trading systems. More information about stock market trading along with straightforward, unbiased reviews of systems can be found at the following website: http://www.stockmarketsystemreviews.net

Article Source: http://EzineArticles.com/?expert=Thomas_Eliot

Forex Day Trading Secrets - The Biggest Secret of ALL!

2008-09-07T00:25:00.001+07:00

By Kelly Price

You will see them all over the net forex day trading and scalping systems offering you a regular income and the potential to earn money from the secrets they have discovered - but here is one secret you won't find revealed by these vendors. To find out what it is read on.

Forex scalping and forex day trading systems all lose - want the proof? Read the disclaimer below you will see it or a similar one on ALL the systems sold so here it is:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So you have probably gathered what the above means - the forex day trading systems you see with huge regular profits have NEVER been traded. They have been simulated on past data - knowing where prices went.

Well that's really hard! Could you do it?

Of course you could - anyone could and you could become a millionaire on paper, alas you can't spend imaginary profits.

Its obvious why day trading is doomed to failure and that's quite simply the time span is to short and there is no reliable data to work with, prices can and do go anywhere in a few hours or a day. You may as well toss a coin as it's simply luck that will determine whether you win - but keep in mind luck doesn't last forever and you will lose eventually.

People buy these systems because there a good story, so is James Bond but I don't believe its real. Anyone buying one of these mechanical trading systems (if there still tempted) should ask themselves one question:

If the vendor can make so much money with no effort, then why is he selling it for a few hundred bucks or less? The answer is - he knows it doesn't work but knows there will be another naïve, greedy or lazy trader who will buy it.

Don't make this mistake.

If you want to make money in forex trading, you can but you must have reliable data and that means forex swing trading, or long term trend following. Do your homework, get the odds on your side and you can make money.

Leave forex day trading to the losers in forex trading and concentrate on being a winner. I have never seen a forex vendor tell anyone this day trading secret - Wonder why!

NEW! 2 X FREE ESSENTIAL TRADER PDFS
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For free 2 x trading Pdf's with 90 of pages of essential info and more on Currency Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Trading Tip - 2 Simple Powerful Ways to Increase Your Profits

2008-09-07T00:24:00.001+07:00

By Kelly Price

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.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
PROFESSIONAL FOREX TRADING COURSE

For free 2 x trading Pdf's with 90 of pages of essential info and more on visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Forex Trading Advice - If You Don't Have This You Will NEVER Be a Winner!

2008-09-07T00:23:00.000+07:00

By Kelly Price

If there is one bit of forex advice that you can take which will determine whether you have what it takes to be a winner at forex then you need to think about the question I am going to ask in this article...

If you think you can win at forex trading:

What's your trading edge?

A trading edge is - the reason you will win, when 95% of traders lose and lose quickly, so what differentiates you from the vast bulk of losers:

What's your edge?

If you think following the news, a vendors mechanical system, or day trading, to name three losing ways of trading - you don't have an edge.

So what is an edge and how do you get it?

The answer is you need understand the following equation for forex success and here it is:

Learning the RIGHT knowledge + having Confidence in Your Knowledge (and knowing your edge) + The Discipline to Follow your plan - Forex Success

Forget about following forex trading systems with simulated profits - you will NEVER Win. Even if you find a profitable one, you need to know how and why it works and how it gives you an edge - success is on your shoulders, no one else's and by far the best way to achieve success is to do what all successful traders do:

Take responsibility and do it yourself - ever heard of a successful trader who is a follower? No neither have I - so don't try it.

Forex trading success to a degree relies on method - but if you don't have confidence in your method, you will never have the discipline to apply it and without discipline, you simply have no method at all.

A trading edge comes from understanding what you are doing and why it gives you an edge.
It can be anything, everyone's edge is different - but you must understand what it is and why it will give you success, when 95% of traders wipe themselves out.

Forex trading looks easy and learning the basics is - anyone can learn to trade forex but very few win and the reasons never change:

Following others, no confidence and lack of discipline etc

Forex trading can give you a life changing income and to achieve this is not easy - of course its not! If there are big rewards to be made then it's going to be hard to achieve success. There is however a big difference between something being impossible and something being achievable - forex success is within reach of anyone.

Just work smart, have confidence in your edge and the discipline to apply your plan and you can achieve forex trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
PROFESSIONAL FOREX TRADING COURSE

For free 2 x trading Pdf's with 90 of pages of essential info and more on Forex Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://EzineArticles.com/?expert=Kelly_Price

Automated Forex Trading Software Reviews

2008-09-07T00:22:00.000+07:00

By John J. Drummond

Anyone who is serious about making a lot of money on the Forex trading market needs to have some sort of software to work with. The reasons for this are many:

1. The market works 24 hours a day and there simply isn't a way to monitor it all the time

2. The Forex market is a global market which operates in many countries. You can't possibly monitor all of them by yourself.

3. The forex market is the most volatile, complex, and hard to predict market on Earth, and so it's nearly impossible for a regular person to be able to come to the right decisions without some kind of system.

Now that we know why it's imperative that you have some sort of Forex Trading Software working for you, I'll review 2 of the most renowned and popular ones:

Forex Killer

Forex Killer was created by Andreas Kirchberger, a renowned trader of Deutche Bank. This is an analysis forex trading software which is very simple to use and provides excellent results for many people. All you need to do is get the market data, feed it into the software, and it will provide you with Take Profit and Stop Losses prices. You take those prices and give them to your broker to trade with. This is all you need to do. In less than 15 minutes you have an entire trading strategy worked out for you.

Forex Auto Pilot

Forex Autopilot is slightly different as it does the actual trading for you. This automatic forex trading software was created by Marcus Leary and has since become hugely popular. The main benefit of this software is that it can actually trade for you around the clock even when you're not sitting at your computer. You do need to operate it somewhat, tell it how much to trade in and so on, but it can also do the trading for you.

Each of these softwares, if you take the time to learn how to operate them, can bring you a ton of money.

To read more about forex trading softwares, click here: The Best Forex Softwares John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's in depth review of the 2 best ones, click here: Automatic Forex Trading Softwares

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

9 Common Forex Trading Orders - Use Them To Protect Profit And Prevent Loss

2008-09-07T00:21:00.001+07:00

By Femi Sunmonu

When trading forex, there are several order types that the retail trader can place in the market place to protect themselves from adverse market conditions and to capitalize on opportunities that the market often provide. We will start with the basic orders that should be available in any trading platform. For beginners, you should keep to the simple types until you get comfortable with your trading platform. Never force yourself to take any trade for the sake of playing with order types.

It can be said that all orders in the market place boils down to Buy or Sell orders. Remember that when trading currency pairs you are selling one currency and simultaneously buying another. Here are some of the common order types:

(1) Buy Order - Place this order when you anticipate that the market will rise. Often, you have to provide some parameters with your buy order. For instance, do you want to buy the currency pair at the price it is currently trading at, or do you have a particular price in mind? What if your order cannot be filled at the price you are specifying, what price range is comfortable to you? This is called slippage. For example, the GBP/USD is trading at 2.0190 and you anticipate that it will go up higher; you can place a buy order to buy at 2.0190. However, there is no guarantee that you will get in at that price, many brokers will require that you specify a slippage. Continuing with our example, suppose, you are comfortable buying as low as 2.0185 or at most at 2.0195, then you would specify a slippage of 5 pips. This is for your protection. Suppose just before your order becomes active, their is a news event, that makes GBP/USD to drop down 50 pips, are you still willing to buy? - maybe the trend has now changed downwards, your answer may be no. In addition, you must specify the time range when the order will be active. Your buy entry price should be dictated by your trading strategy or system.

(2) Sell Order - Place this order when you anticipate that the market will fall. Sell order have the same kinds of parameters we discussed under Buy Order.

(3) Market Order - You want to get in or out of the market at the current prevailing price. Execution is typically guaranteed, but price is not. A market order ensures that you will get into or out of the market.

(4) Limit Order - An instruction to execute an order if a market moves to a more favorable level (i.e. an instruction to buy if a market goes down to a specified level or to sell if a market goes up to a specified level. Execution is typically not guaranteed. Your broker will use their "best efforts" to get your order filled. This order can be used to enter or exit a position.

(5) Stop Order - An instruction to execute an order if a market moves to a less favorable level (i.e. an instruction to buy if a market goes down to a specified level, or to sell if a market goes up to a specified level. A Stop Order is often placed to put a cap on the potential loss on an existing position; which is why Stop Orders are sometimes called Stop-loss Orders. Never trade without placing a Stop-loss order. A trade you think has all the right ingredient for success may turn into a fat loss right before your eyes. Always protect yourself so that you can be alive to trade another day.

(6) Trailing Stop Order - A trailing stop order is similar to Stop Loss order. The only difference is that you are already in profit and you want to protect your profit. Trailing Stop Order then allows you to configure your stop order to continue to follow the price movement in real-time by specifying the distance in pips you would like your stop to move. For example, you have a long USD/JPY position, which you bought at 111.50 and you set a Stop Order to sell USD/JPY at 111.10, in case USD/JPY starts to fall. This Stop Order will close your position with a 40-pip loss if USD/JPY drops to 111.10. However, suppose USD/JPY moved up to
111.90. You can move your Stop Order to sell at 111.70 which will luck in a profit of 20 pips for you in case USD/JPY were to stop its upward movement.

(7) Good till Canceled Order (GTC) - As mentioned earlier, when you place an Order, you must specify for how long the Order is to be valid. The GTC Order is a very common type of Order; it remains valid, 24 hours a day, until you cancel it, or it is executed. It is the trader's responsibility, not the dealers, to remember there is an open order.

(8) Day Orders - Day Orders are good until 23:00 CET time.

(9) Order Cancels Order (OCO) - Also known as One Cancels Other. After entering the market, a limit order to protect profits, and a stop-loss order to limit losses can be placed. When either the limit or the stop order is executed, it will cancel the other order automatically. For example, you sold EUR/USD at 1.2290, looking for a short-term move to 1.2260. However you decide that if EUR/USD moves above 1.2310 you want to cut your loss, therefore you put on a Limit Order to buy EUR/USD at 1.2260, and a Stop Order to buy EUR/USD at 1.2310 on an OCO basis. This order will close your position with a 30-pip profit if Limit Order is reached first or with a 20-pip loss if Stop Order is reached first. Once one of the orders is executed, the second order is automatically cancelled.

There are other types of Orders available to traders. However, keeping your trading simple is perhaps one of the best secrets of success in forex trading. Making money is what matters, not how complex your order structure is. A rule of thumb is that if you do not understand what the order you are placing really mean, do not place it. It can hurt you really badly.

Professor Sunmonu is a Professor Of Mathematics at York College. His forex trading blog can be found at http://www.FrxBank.com

Article Source: http://EzineArticles.com/?expert=Femi_Sunmonu

Stealth Forex Trading System - Your Key To Consistent Forex Profits

2008-09-07T00:19:00.002+07:00

By James Tolbridge

The world of the foreign exchange market is an exciting place. Traders from around the world make many thousands of dollars each day. Although learning to trade forex can seem difficult and complicated, there is a way to reduce your learning curve and begin making profitable trades quickly and consistently.

Although nothing can replace a good solid education in how to trade the markets, the learning process on your own can be painfully slow with little or nothing to show for your efforts. This is where a reliable piece of automated forex trading software can be very helpful. Mechanical trading systems are a great way to begin gaining discipline with your trading style as well as taking a lot of guesswork out of your trades.

However, the trick to using any forex software is following the instructions. I really can't stress this enough. Ignoring simple instructions such as not opening a trade when there is no volume or making a trade anyway when your software indicators clearly point out that you should not trade. Although these things may appear quite obvious, it would probably shock you how many people ignore these simple rules and lose lots of money.

Stealth Forex Trading System - Reliable Consistent Profits

One piece of software that has a particularly good reputation for being able to produce consistent profits is the Stealth Forex Trading System. This application is simple, straightforward and easy to use. It doesn't have tons of fancy bells and whistles which, in my opinion, is a good thing because it doesn't distract you from your trading. The configuration is based on a system of moving averages and includes the Volume and Volatility indicators that are important additions to your decision making process.

The Stealth Forex Trading system uses the FREE Metatrader Mt4 charts and not having to purchase separate charting information in and of itself is very economical. The system is very well organized and the user's manual is easy to read. There are user guide instructions to 4 different trading styles. You can choose variations of position trading, scalping the market and even a special strategy that's used with Bolinger Band called the Stealth Creamer. The Stealth Creamer is based only on the USD/JPY pair.

Here are a few tricks to help you get the most from the Stealth Forex Trading System

1. Never use more than 3% of your total account.

2. Follow the long trend of the pair you are trading.

3. Don't use more than "10" in a mini account for GBP/JPY.

4. Don't use more than "50" in a mini account for USD/JPY.

5. Get in ONLY at the beginning of Green/Blue or Red/Yellow.

6. Once per week pay yourself. Take a large portion of your profits out of your trading account and put them into a savings account so you will not be tempted to overextend yourself.

The Foreign Exchange Market is a very dynamic place. Discretion, discipline and money management are the mental keys to success. Trading the market is both art and science. A reliable automated forex currency trading system can take the stress out of learning to trade. While automated systems may be of limited use to the seasoned trader, a beginner will find the Stealth Forex Trading System and invaluable tool. You can both learn with and reliably profit with this piece of software.

Reduce your learning curve. Act now and begin making consistent profits with the Stealth Forex Trading System!

Article Source: http://EzineArticles.com/?expert=James_Tolbridge

What All Forex Traders Need to Know About the Major Currency Pairs

2008-09-07T00:19:00.001+07:00

By Simon Parth

In Forex trading, a group of currency pairs known as "the major currency pairs" constitute over 85% of daily foreign exchange volume. Because there is so much volume for these currency pairs, they are generally regarded as safer to trade; their massive volume ensures that it is relatively easy to find a buyer or seller to take the other side of your trade.

The major currency pairs are outlined below. It is worth noting that the US dollar is a part of all major currency pairs, a fact resulting largely from the US dollar's role as the world's reserve currency. Should the US dollar lose its status as the world's reserve currency, the major currency pairs may lose their significance for traders - or, alternatively, a new group of currency pairs may earn the title of "major currency pairs."

Euro/US dollar. The Euro/US dollar (EURUSD) currency pair is the most active currency pair traded in the Forex market. The fact that the Euro is used by many European countries, coupled with the US dollar's role as the world's reserve currency, create this scenario. Since the Euro's inception in 1999, the currency has risen sharply against the US dollar.

British pound/US dollar. The British pound/US dollar (GBPUSD) is another actively traded pair, a result of the pound's high interest rate (which incentivizes buying of the currency). The stability of both currencies also makes it appealing to traders seeking less volatile assets to invest in.

US dollar/Swiss franc. The US dollar/Swiss franc (USDCHF) is a major currency pair that tends to enjoy greater trading activity during times of greater geopolitical risk. This stems from the fact that the Swiss franc has historically been regarded as a safe haven currency, due to the fact that it previously had a legal requirement that a minimum of 40% of its value be backed by gold reserves. Though this legal requirement was terminated on May 1, 2000, market activity still tends to regarding the Swiss franc as a safe haven currency, as buyers still flock to it during times of increased geopolitical risk.

US dollar/Japanese yen. The US dollar/Japanese yen (USDJPY) is the only major currency pair that involves an Asian currency. Japan has historically had an export-driven economy, and thus the Bank of Japan - the central bank that regulates the value of the yen - has intervened to ensure that the yen remains weak, and thus conducive to sustaining an economy of exports.

As the major currency pairs constitute the vast majority of Forex trading, they are important for all traders to be aware of.

Simon Parth has been an active Forex trader since 2002. He is the co-founder of InformedTrades.com, a community dedicated to creating a comprehensive free online school for traders.

Article Source: http://EzineArticles.com/?expert=Simon_Parth

Standard Deviation of Price - Why Understanding it is Your Key To Big Profits

2008-09-07T00:18:00.000+07:00

By Monica Hendrix

Understanding the concept of standard deviation of price is essential if you want to win at forex trading yet very few traders have even heard of it, let alone understand it. If you understand it and its significance you can get a head start on the vast losing majority and enjoy greater forex profits and we will look at standard deviation in more detail in this article.

Standard Deviation Defined

Standard deviation of price is a statistical term that gives an indication of the volatility of price in a market and it can be applied to any investment market - shares, bonds, commodities and of course forex.

Standard deviation simply gives a view of how widely values (closing prices) are dispersed from the average price. Dispersion is defined as the difference between the actual value (closing price) and the average value (mean closing price).

The bigger the difference between the closing prices and the average price, the higher the standard deviation of the market studied will be.

Of course if standard deviation is high, this indicates the volatility of the price in the market studied.
On the other hand, if the closing prices are close and do not fluctuate much from the average mean price, standard deviation is less and the markets volatility is considered less as well.

How Standard Deviation Calculated

To calculate standard deviation is simple:

All, you do is take the square root of the variance, the average of the squared deviations from the mean.
Don't worry if you don't understand the calculation above, you don't need to know how an internal combustion engine works, to drive a car.

There are visual indicators to help you which we will return to in a moment.

High Standard Deviation values occur when prices are highly volatile and low Standard Deviation values occurs, when prices are fluctuating in a tight range or more stable.

How to Use Standard Deviation for Profits

When short term price spikes occur and prices become highly volatile, this is normally a reflection of human psychology, reflecting the emotions of greed and fear driving prices to far from fair value.
If you look at any forex chart you will see that all short term price spikes are temporary and prices quickly fall back to fair value.

Human psychology pushes prices too far and when sentiment peaks, prices fall and vice versa in a bear market.

This happens time and time again and will continue to happen, because human nature never changes. Humans will always push prices to far away from the fundamentals.

This is the equation that works in any free market and that includes forex here it is:

Supply and demand news + Investor Perception of = Price.

The Fundamentals news etc is NOT important - it's how investors perceive the supply and demand situation that is.

When a big price spike occurs you know it's not going to last and if you can sell or buy it at the right time you can make money - but you must time your trading signal correctly.

So how do you measure it?

In part two of this article we will look at this in greater depth and how to use Bollinger bands in association with other timing tools, to hit the high profit turning points at the right time.

Standard deviation of price is a concept you must understand, if you want to be a successful forex trader; not only will it help you spot important market tops and bottoms, it will help you place stops correctly and determine profit targets.

We will look at all the above in relation to standard deviation in part 2 of this article series, for now you have an idea of what standard deviation is and why it's so important.

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A Brief Look at the Fascinating World of Forex Exchange Rates

2008-09-07T00:16:00.000+07:00

By Korbin Newlyn

One of the primary methods of making a profit on the foreign exchange or the Forex market is to be able to purchase and sell currencies in such a way that whatever fluctuations there may be in the prices will end up helping you to earn a tidy profit. Therefore, understanding the meaning and nature of foreign exchange rates is crucial to your success in Forex trading and though it might, on the surface, appear to be a simple matter that anybody can learn, in reality it isn't all that straightforward a subject and therefore requires some in-depth knowledge prior to a person being able to succeed in Forex trading.

A Rich History

Actually, there is a rich history behind the foreign exchange rates so you need to understand the importance of understanding why things happen the way that they do on the Forex market and also educate yourself in making the right decisions so that you can capitalize on your knowledge.

So, to actually comprehend foreign exchange rates, you must be certain of what they in fact really are A definition of foreign exchange rates would be that they are the value of one currency as it relates to a second currency.

Therefore, when the exchange rate between two different currencies is listed as being a first currency fetching 1.20 of the second currency, then the foreign exchange rate is 1:1.2. Additionally, you will also need to comprehend why currencies have values that are different and this can be best explained by the fact that after the valuation of currencies throughout the world moved away from 'gold standards', the prices of currencies started to be pegged against the US dollar, and other currencies fluctuated upwards or downwards as they related to this currency in a range of not more than a single percentage.

Hence, this was the start of foreign exchange rates and it was commonly referred to as fixed exchange rate. Since these changes in the method that the trade is carried out in recent times, both the fixed exchange rates and the gold standard have been abandoned so the forex exchange rates are now typically known as fluctuating exchange rates.

In reality it means that presently forex exchange rates are influenced by the forces of the market and when demand for a specific currency exceeds its supply then the Forex exchange rates will end up going higher for the currency being demanded, and the opposite would occur should the demand decrease.

Now that the US dollar is the base currency in Forex trading, the US government merely prints additional dollars and then sells these new dollars to various countries in the form of debts, though due to rising oil prices as well as stronger world economies, currently the US dollar is losing its vice like grip as the predominant currency of the world which is eroding the exchange rates of the dollar and the United States closest trading allies are affected as well.

Listen to Korbin Newlyn as he shares his insights as an expert author and an avid writer in the field of finance. If you would like to learn more go to Forex Trading advice and at Forex Broker tips.

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Forex Robots - Doubling Stocks vs Forex AutoPilot System

2008-09-07T00:15:00.000+07:00

By Peter C Johnson

It seems the flood of forex robots being released currently is never ending. Specifically if you are new to currency trading, it can be very difficult to decide which forex robot is going to deliver results. For this article we are going to look into Doubling Stocks and Forex AutoPilot System which have proven to be 2 of the better selling forex robot products.

The first thing to look at with any currency trading product is trust. There are a high amount of scams out there, and you need to be sure that you are purchasing a quality product. Doubling Stocks has been seen and reviewed on 'interactive investor', 'Business Week Online' and 'Entrepreneur.com'. Forex AutoPilot System has received a little more exposure and has been seen on 'NBC', 'CBS News', 'Business Week', 'Entrepreneur Startups' and 'Entrepreneur Young Millionaires'. Research is key and you want to make sure the proof and reputation is there before you purchase- although both products come with an unconditional 8 week money back guarantee.

In terms of functionality I have been testing both products out in tandem, and the results have been reasonably similar. Doubling Stocks was designed by a Goldman Sachs employee who realised the principles of gaining leverage from high amounts of forex sum's could be applied on a smaller scale. Forex AutoPilot System hinges on the Fibonacci Formula which is the most efficient way to predict when to enter and exit a trade for maximum profit and minimum risk.

The bottom line is either Doubling Stocks or Forex AutoPilot System will provide an automated method of currency trading. Personally I feel Doubling Stocks is better suited to users with experience in forex trading- whereas Forex AutoPilot System is ideal for users of all experience.

Conclusion

Whether you choose Doubling Stocks or Forex AutoPilot System it is important to realise that you need some capital to get the most out of these programs. Ideally $500-$1000US is a good starting point. You can however experiment with a demo account, to get the feel for the forex trading robots.

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Counter-Trend Trading - Making Money Even When the Market's Not Moving

2008-09-07T00:14:00.002+07:00

By Jason Fielder

Counter-trend trading is nothing new, but it still remains a mystery for many inexperienced traders. First of all, what exactly is counter-trend trading? This is trading when a market's overall movement is going neither up nor down.

You see, a market is trending regardless of what direction the price is moving. If the price is moving steadily up, then that's an upward trend. If the overall price is moving steadily down, that's NOT a counter-trend, but a downward trend.

A counter-trend market is one in which there isn't any major move in price either up or down, but where the general market is moving sideways. Counter-trend trading takes place when the market is in this mode, and the hope with counter-trend trading is to make several small short term trades within the range of the counter-trend in order to make some profit until a breakout occurs to put the market back into a trend.

An overall market may stay within the same price range for a week, so it looks like there is no movement, but within that range there is still enough back and forth movement (whether it's hour to hour or day to day) that if you buy and sell at the right times, then there is still profit to be made, though in much smaller increments than what you could make with a trending market.

Since the market is more or less moving sideways and staying within a certain range, it can be hard to find the right trading strategy. This also means that counter-trend trades have to be short term trades.

A good counter-trend trading strategy can be especially important in the Forex market because more often than not, the Forex market is in counter-trend mode. The market is in counter-trend mode around 60% of the time, meaning that the majority of the time you won't have a clear trend to work with.

Because of the constant movement of the Forex market, and because the Forex market doesn't close, there are far more opportunities to make small profits counter-trading.

Over a week a currency may stay within the same narrow range of prices, but if you can buy low and sell high during the various price movements within that range, then you can still profit from those small movements, even when the market in general doesn't seem to be moving, but you need to have the right system!

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder: Founder, ForexImpact.com

Article Source: http://EzineArticles.com/?expert=Jason_Fielder

Forex Breakout - Jumping Aboard For Giant Breakout Profits

2008-09-07T00:14:00.001+07:00

By Jason Fielder

A "breakout" is when the market suddenly and quickly jumps out of its recently established range to either gain, or lose, price dramatically. Often times a breakout will occur out of a counter-trend market, but this isn't always the case.

In fact, many of the articles you will find about breakouts online will actually be focusing only on breakouts that come out of a counter-trend market. While this is the most common type of breakout that Forex trading systems concentrate on, the other breakouts should not be ignored because they also offer excellent opportunities for a Forex trader to make good money.

When a market is counter-trending, traders are watching a market that is staying contained between a high and low range, but the market is moving sideways. When a day's trading ends up pushing the currency value out of that contained channel, that's a breakout to the upside, and it can go either way, higher or lower. No matter which direction it takes, there is money to be made off of it as long as you're on the right side of the breakout.

But breakouts aren't limited just to forming out of counter-trend markets! They can also take place coming out of a trending market. When a market is trending in either direction, there still is a normal range that determines a trend. When the market breaks out beyond the normal range of the trend, that movement is also considered a breakout.

Breakout trading offers opportunity since jumping on the right side of a breakout early offers potential profit in a Forex market. They provide a chance to ride a strong sudden surge of volatility to provide quick and large profits. While breakouts are rarer than other types of market movement, they offer the most money to be made.

This strategy sounds simple, but the problem with playing a breakout is that breakouts are technically unstable, and no one knows how long they will last or when they will suddenly reverse. There are also "false breakouts" where the market appears to be breaking, but isn't.

There are strategies and indicators that that try and pin point a potential breakout. Some of the most popular include:

1. Using pivot lows and pivot highs to determine potential "pivot points" that indicate an upcoming breakout

2. Fibonacci retracement methods

3. Using multiple moving averages

There are many methods to try and find a breakout, and once an identified breakout begins, a trailing stop is one of the best ways to take maximum advantage of this situation.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder: Founder, ForexImpact.com

Article Source: http://EzineArticles.com/?expert=Jason_Fielder

Forex Trend Trading - The Early Bird Gets the Cash

2008-09-07T00:13:00.001+07:00

By Jason Fielder

Trend trading is where the big money is in the Forex market. While there is money to be made in counter-trending markets, there is only so much that can be made when the market is essentially moving sideways.

Trading when the market trends is where there is the opportunity to make (and if you're on the wrong side without a stop-loss, possibly lose) major money.

A market goes into a trend anytime there are more buyers than sellers or more sellers than buyers over a prolonged period of time. This trend can be with prices going up (more buyers than sellers) or down (more sellers than buyers). There is money to be made regardless of which way the trend goes, since all trading is done with pairs.

Figuring out the best way to trade trends involves knowing extensive technical analysis, so having a proven and profitable trading system helps immensely. Without a prove and profitable trading system, it's very unlikely that over the long run, you will profit from Forex trend trading.

While there are all sorts of technical tools for analyzing trades, the simplest way to spot a trend, or what might be the beginning of a trend, is to watch and see if each time period's high keeps getting higher, indicating the market is steadily trending up in price, or if each period's low continues to get lower, indicating a downward trend in price.

If you decide to use bands to help your trend trading, remember that a basic rule when using bands is to wait and see when the high price penetrates the upper band. This is your signal that an upward trend is about to start. You want to buy when that price penetrates the upper band and go long, with a trailing stop loss. There's a good chance the market will make an upward trend that a long position can profit from.

When the price penetrates the lowest band of your corridor, you want to sell and go short, watching the market for any confirmations on any further trends, counter-trends, or pivot points that indicate a trend reversal.

The basic goal of trend trading strategies is always the same. While you don't want to be the first to test the market, once a market trend reveals itself: join the move early!

Then hold your position, making as much money as possible, until the trend reverses and then get out. This is where using a trailing stop loss can help maximize the profits you earn from any market movement.

Trend trading is where the big money is at, and recognizing and getting in on trends early will make you a very happy (and wealthy) trader in the Forex market.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder, Founder, ForexImpact.com

Article Source: http://EzineArticles.com/?expert=Jason_Fielder

Point-and-Figure Charts - Forex Charts That Show You The Money!

2008-09-07T00:12:00.000+07:00

By Jason Fielder

Wouldn't it be great if you could find a charting system that instead of focusing on minutes, half-hours, hours, days, and weeks, actually followed and tracked the value itself? Point-and-figure charts are charts that do precisely that: they follow the money.

Point-and-figure charts are charts that follow changes in prices, and not time. Many charts are set up on a time scale, and comparisons are then made between the price as it varies from hour to hour or day to day.

These charts are very different in that any column from a point-and-figure chart can represent any amount of time. There is no set amount of time for each figure. Movements take place only when the minimum determined price moves. If the value doesn't change, no new markings appear on the chart.

Point-and-figure charts differ in several ways from other types of popular charting, but there are 3 major differences that set point-and-figure charts apart.

1. They have simple, well-defined trading rules

2. They eliminate the clutter of price reversals that are below a minimum box value

3. There is no time factor.

Point-and-figure charting was first credited to Charles Dow, who used them around the turn of the century to make a killing on the stock market. Because the technical aspects of point-and-figure were sound, this strategy was picked up for use in analyzing other markets, as well.

Another major difference between point-and-figure charting and some of its technical counterparts is that it has a relatively strict and simple system of buying and selling, so you don't need to be a math whiz or rocket scientist to figure out when to do what. A "box" is a measurement of a price movement.

If you see a box of X's, the overall value went up. A box of O's means the overall value went down. When a box of X's has an X one higher than the last box's, it's time to buy. When a box of O's goes one below the last column of O's, then it's time to sell. There are variations, but that is the base system.

What's sometimes bizarre about business is when everyone gets caught up in a new system or trend and they're so intent on adding to it and perfecting it that an old system that works stops getting used. Where's the common sense in that?

If you're trading, you want to be able to keep track of the money. If there's a charting system that let's you follow the money, and make a profit, who gives a darn if it's trendy or not? Going back to common sense, point-and-figure charting is the one method that shows you the money, because it's the charting system that only moves with the money.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder: Founder, ForexImpact.com

Article Source: http://EzineArticles.com/?expert=Jason_Fielder

Tips on Finding the Best Brokers for the Forex Market

2008-09-07T00:11:00.000+07:00

By Amy Wells

Finding the best broker that meets your needs is an essential element to success when trading in the Forex, or foreign exchange currency, market. You will probably have a long-standing relationship with your broker, so you want to invest some time at the beginning and locate a broker that you can effectively work with. When choosing a Forex broker, there are some important guidelines to consider.

Because you will most likely be opening up a practice or a demo account, you want to find a broker that offers or includes one. In addition, you also want to see if there is a variety of training and resources available for you to access. If you are planning to use a broker primarily through the Internet, you should be able to go to their website and see what resources are available. A good broker wants long-term educated clients, and they will provide you with resources to help you succeed.

Because most of your interaction will be done online, this is a good place to start when choosing a broker. You should spend some time reading message forums, joining email groups, and becoming part of online communities about Forex. You should start to see broker referrals, and you can ask people for referrals as well. If several people have had a good experience with a broker, chances are the broker may be a good fit for you. Any type of positive reference from a prior or present client can help put you in touch with a good broker.

Another important consideration is the amount of margin the broker is willing to offer you. Margin refers to the amount of currency you are able to trade in comparison to what you have. For example, if your broker offers a 1% margin, you will be able to trade $100,000 in currency for every $10,000 you have in your account. You should try to find a broker that will offer you the most margin for your money.

The accessibility of your broker is also a key factor when selecting someone to meet Forex trading needs. You should be able to reach your broker by phone, in addition to email. Your broker should be readily available. In addition, you may want to see if there will be other brokers who can fill in if your broker is not available.

Of course, trust is probably the biggest factor when choosing a broker, which is why referrals and references are so important. Do some outside research on your broker and the company they are with before you commit to opening an account. Your broker should also be able to provide references if you ask, which can assist you in building your level of trust.

While you might have to spend some time finding the best broker for you, the time and effort will pay off. A broker who you can work with will be a main component in helping you become successful with Forex trading. If you choose well, your broker will become an advisor you can trust to help you succeed with Forex trading in the years to come.

Amy Wells is an enthusiast of forex trading and writes and reports on consumer finance issues. You can get more information on choosing a forex broker at =>http://www.forex.yourtechtool.com/Forex-Broker/Forex-Broker.php

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Trading Smart in the Forex Market

2008-09-07T00:10:00.000+07:00

By Milton Z. Ziegler

Hundreds of thousands of individuals have already joined the FOREX market. If you are
interested in a way to invest your money with quicker returns, FOREX may be perfect for you.
But before you can begin earning money, you should thoroughly understand the FOREX market.

Investing Methods

To better understand the FOREX market, you can compare this investing method to trading
stocks. In the stock market, you can buy shares of many different corporations in the hope that
stocks will rise, earning you a profit. Well, the FOREX market works in the same way, except
you are not buying shares of a corporation. Rather, you are buying and selling currencies. The
aim is the buy a currency and sell it when the currency rises, thus earning a profit when the
currency is more valuable.

As with the stock market, the FOREX market consists of those who invest a small amount as
well as those with millions to invest. Any individuals with any capital can join in on the action.
Because of the wide variety of FOREX brokers available today, you can become a FOREX trader
with as little as two or three hundred dollars.

Predicting Results

But like the stock market, the FOREX market is full of risks. When you are investing any money
there is always a risk of some loss. To minimize loss, many FOREX traders thoroughly educate
themselves through classes, online courses, books, and other materials. There are many kinds of
trading methods that will help you analyze current conditions and enable you to predict results.

The FOREX market is constantly changing, with drops and rises in currencies, 24 hours a day.
The trick is to predict these trends before they occur, so you can buy currencies low and sell them
when it is higher than the original cost. Sometimes, this means buying a dropping currency, and
waiting for that currency to take on an upward trend. This forces you to keep up to date on the
FOREX market conditions.

Online Trading

To become a FOREX participant, you should at least read a book, if not take a course. Because
real money is involved here, you must proceed with utmost caution. Many FOREX investors sign
up with FOREX related websites to receive newsletters, advice, and to keep up with currency
trends. Some investors even sign up to receive trends on their phones and PDA's to stay in the
game.

The good news is that you have the opportunity to practice with play money before you put any
of your hard-earned cash through the FOREX market. When you sign up with a brokerage firm
that offers the option to trade online, you can use play money to test and understand the software.
You can use this valuable opportunity to put your research to the test by trying out different
trading methods to see if your predictions and analyses are correct. While the money may not be
real, the conditions are, which allow you a stable playground to learn and adapt to the FOREX
market.

Stay informed to stay on top of your game; your FOREX profits count on it. By remaining
vigilant, you'll be able to pull in great profits through the FOREX market.

Get the latest in forex market know how from the only true source at http://www.forextradingline.com Check out our forex market pages.

Article Source: http://EzineArticles.com/?expert=Milton_Z._Ziegler

The Euro - A Trading Opportunity Update and Another

2008-09-07T00:08:00.000+07:00

By Sacha Tarkovsky

We looked at the euro yesterday from both a bullish and bearish standpoint and here we will look at it again and what the recent breakout tells us and look at another trading opportunity.

We never got a signal to the downside instead the euro hit new highs and we went with the breakout.

However the breakout looks unconvincing so when in doubt get out.

While the euro did breakout this trade is now at point of entry and we would scratch it

Why?

Quite simply the stochastic momentum is not supporting the move and is crossing with bearish divergence and another factor is coming into play.

The US stock market looks strong and this could provide support to the dollar.

We can’t see the odds clearly so would take the view that the best place is the sidelines and scratch the long trade at breakeven.

On any breakout you really want to the short term price momentum on your side and its not.

So the sidelines look preferable.

We wouldn’t want to take a short trade as we have just made a new high on the daily charts.

British Pound

This looks a trade unlike the euro that shows clear signs of turning bearish.

Check out the price action which has seen the pound get within striking distance of new highs.

Price momentum is now turning bearish the RSI Has peaked and the stochastic momentum is weakening, but has not yet turned bearish.

Look for a cross of the stochastic lines to the downside with bearish divergence to indicate near term price momentum has peaked for the bears to take control – Target is the middle of the Bollinger band.

Out of the two trades above the British Pound looks the one to look at whereas the euro is not giving a clear indication of direction.

Protecting equity and keeping the odds in your favour

One of the traits to have when you’re are a trader is to be prepared to change view quickly if the right set up does not continue and trade the best risk rewards and this is what we are doing.

Were leaving the dust to settle on the euro and looking at a better risk reward trade in the British pound.

Keep in mind that in the pound the bears do not take control until we have confirmation of bearish divergence on the stochastic.

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Standard Deviation - An Essential Tool For Forex Trading Success

2008-09-07T00:07:00.001+07:00

By Sacha Tarkovsky

Standard deviation is a concept all fore traders should understand, as it will give you a greater edge in your quest for forex trading success.

If you want to understand it read on and find out how it can make you a more profitable forex trader.

Standard deviation is logical and will help you time entries better and define targets for trades.
What is standard deviation?

Standard deviation is a statistical term that shows the volatility of price in any instrument including forex.

Standard deviation measures how widely values (closing prices) are dispersed from the average.

Dispersion is defined as:

The difference between the actual value closing price and the average value or mean closing price.

The larger the difference between the closing prices and the average price, the higher the standard deviation and volatility of the currency measured will be.

The closer the closing prices are to the average mean price, the lower the standard deviation or volatility of the currency.

The confusing bit (don’t worry we will simplify it later) but here is the definition:

Standard deviation is calculated by taking the square root of the variance, the average of the squared deviations from the mean.

High Standard Deviation is present when the price of the currency studied is changing dramatically.
Conversely, low Standard Deviation values occur when prices are more stable or less volatile.

Spotting Contrary trades

Major tops and bottoms are accompanied by high volatility as prices reflect the psychology of the participants.

Greed and fear, push prices away from the average to unsustainable levels and prices eventually return to the mean average.

Why is standard deviation such an essential study?

Any currency moves with the following inputs determining the price:

Supply and demand fundamentals + investor psychology = Price.

Taking Advantage Of Human Psychology

A big rise in volatility and a dramatic move away from the mean average, means that emotions are moving the currency too quickly away from the mean.

MORE FREE TRADING INFO PDF'S & COURSES

On all aspects of becoming a profitable trader including articles, feature, downloads and systems and an exclusive Gann Trading Course visit our website at http://www.net-planet.org/index.html

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The Simplest Way To Find Forex Day Trading Signal Like Pros

2008-05-01T12:03:00.001+07:00

By Greg F. Morris

If you are searching for information on how to find Forex day trading signal, then you should continue reading this article. In this article, I will introduce you the simplest way to find a profitable Forex signal. The article will cover 3 main points - why you should use a signal generator, how reliable it is, and other alternatives to get profitable signal. After reading this article, you should be able to identify profitable day trading signal and start trading like pros.

One of the simplest and hassle-free ways to search for trading signals is through using signal generator software. Basically, this software analyzes the market trend and point out several points that are profitable. Now, most experts are depending on certain softwares to aid them in analyzing the market trend, and signal generator can be regarded as the most important tool to them. The reasons why they use a signal generator is because it can reduce the time spent in analyzing the market, it is more accurate because it handles all the mathematics accurately and it is free from biased and value judgment.

Many new Forex traders might worry to use a signal generator because they do not know whether it is reliable in predicting the Forex day trading signal. The Forex market is formed by 90% of trend and 10% of volatility. Most of the traders profit in Forex trading by referring to the buy/sell signals 90% of the time and only a handful of risk-takers try to reap huge profit during the 10% sudden spike. With an accurate Forex signal trading software, one will be able to profit 90% of the time because it can predict trend accurately. Human on the other hand, is prone to analytical error and value judgment. My team and I are currently using a Forex day trading signal generator with an accuracy of as high as 92%.

Other alternatives to get profitable signal will be to hire a Forex expert or join a membership site that provides profitable buy/sell signals. However, it will be very expensive to do so and will incur an initial cost of few thousands dollars every month. On the other hand, using a signal generator is much cheaper because most of them only incur a one-time cost.

To learn how to find profitable Forex day trading signal on your own is not easy. Currently, I'm provding a free 7 days Forex enrichment course. Inexperienced or experienced Forex traders are welcome to join and share the online Forex currency trading info in my course. People who attend my course will have the opportunity to have their hands on the Forex signal trading system that is currently used by my team. You can reserve your place in my course in my Forex Mentor website.

Article Source: http://EzineArticles.com/?expert=Greg_F._Morris

The Dumb Mistakes Most Traders Make When Using A Forex Signal Trading System

2008-05-01T11:58:00.001+07:00

By Greg F. Morris

If you are using a Forex signal trading system to aid you in your day trading, you should continue reading this article. In this article, we will cover 3 dumb mistakes that are often made by most traders. They are - over-reliance,forget to set a stop-loss limit and do not follow the current news. After reading this article, you should be able to trade using a Forex signal trading system wisely and reap the most benefit out of the automated (or semi-automated) system.

Firstly, using a signal trading system will cause the problem of over-reliance if you are not a disciplined trader. It is not advisable for a new trader to be too rely on the trading system because this will cause them to trade without any prior knowledge in the Forex currency trading. While many of the new traders have some success using certain signal trading systems, they should first have the fundamental knowledge so that they can do the basic analysis to determine whether the signal generated can be trusted.

Secondly, many traders tend to be greedy and have too high of thrust in the Forex signal forecasting software and do not set a stop-loss limit. Some of them even invest more than 20% of their deposit. Sometimes, due to a sudden breaking news, the prices might go against your investment. Such a sudden great loss might cause a margin call (broker cancels all your positions) and ultimately, you will be the one who suffer. Therefore, no matter how accurate your forecast software is, you must set a stop-loss limit as well as an investment threshold.

Lastly and the most importantly, many people only care about trading and earn short-term profit using the Forex signal trading system. They do not follow the latest news and analyze how it is possibly affect the currency pairs in the future. Since the signal forecast software is not being updated frequently, after a period of time, its analyzing skill will be obsolete because it does not take into the account of the current news. Therefore, you should always keep your trading system and your brain updated with the latest financial news.

Profiting using a Forex signal forecasting software is possible and achievable. However, you should not do any dumb mistakes if you are going to rely on it. Currently, I'm providing a free 7 days Forex enrichment course. Inexperienced or experienced Forex traders are welcome to join and share the online Forex currency trading info in my course. People who attend my course will have the opportunity to have their hands on the Forex signal trading system that is currently used by my team. You can reserve your place in my course in my Forex Mentor website.

Article Source: http://EzineArticles.com/?expert=Greg_F._Morris

Relative Market Share Profit - Great Tool For Stock Picking

2008-04-02T19:38:00.000+07:00

Relative market share profit indicates likely cash generation, because the higher the market share of a company, the more cash will be generated through sales. As a result of increased market share, it is usually assumed that the company will be able to increase its earnings at a faster rate than if it remained the same size.

This increased growth usually stems from being able to reduce the cost per unit or variable cost of its products. One example of how this can happen is the marginal cost or cost to produce one more unit will not have to include extra costs for say fixtures and fittings of the factory. In essence it means the more a company produces, the more profitable it should be.

One way to measure a brands relative market share is simply not by the percentage of the market it has (through revenue) but instead by comparing a companys sales relative to its largest competitor. For example if say Stockbroker A has a market share of 20 percent, and the largest competitor had the same, the ratio would be 1:1. If the largest competitor had a share of 60 percent; the ratio would be 1:3, implying that the organization's brand was in a relatively weak position.

The definition of a high or dominant market share can be hard to define. However stock pickers and investors usually recognise a brand leader if they have a market share double that of the second brand, and triple that of the third. In such a case the company would definitely be considered a market leader.

The reason for choosing relative market share, rather than just profits for smart stock investing analysis, is that it provides the investor with a more content rich measure with which to compare as opposed to just plain profit margin information. Not only can it be used to compare the stock with its competitors but also to itself over time, allowing to the true affects of any changes in strategy.

If you are interested in finding out more about relative market share profit analysis, smart stock investing or learning to trade commodities please visit the authors investing website.

Article Source: http://EzineArticles.com/?expert=James_C_Kerr

Understanding The Difference Between OTC Markets and Exchanges

2008-03-23T13:18:00.000+07:00

Unlike many other financial markets -- such as many stock markets around the world -- the forex market is not traded on an exchange, but operates as what is known as an over-the-counter market. The difference between exchange-traded and over-the-counter markets is outlined below.

Exchange-traded markets. Exchange-traded markets are one in which all transactions are routed through a central source. In other words, one party is responsible for being the intermediary that connects buyers and sellers. The downside of this is that it gives the intermediary immense power in shaping the market. The upside is that it allows for better enforcement of transactions and security measures; for instance, exchange-traded markets can standardize products, and can ensure that payments and goods are delivered in accordance with the terms of the trade. Stock exchanges like the New York Stock Exchange (NYSE) are an example of an exchange-traded market.

Over-the-counter markets. Unlike exchange-traded markets, over-the-counter (OTC) markets are largely decentralized. There are multiple intermediaries that compete to connect buyers and sellers. The upside of this is that competition to be the intermediary ensures that transaction cost -- the cost imposed by the intermediary to execute the trade -- is lower. The downside is that the market can be more unregulated, and more prone to intermediaries with dishonest and fraudulent practices. The forex market, as well as many markets for buying and selling debt, are OTC markets.

With the rise of electronic trading and the growth of alternative investing, over-the-counter markets have surpassed exchange-based markets in daily trading volume. Their growth continues to rise.

Simon Parth has been an active forex trader since 2002. He is the co-founder of InformedTrades.com, a community dedicated to creating a comprehensive free online school for traders.

Article Source: http://EzineArticles.com/?expert=Simon_Parth

Best Forex Training - Forex Training With A Log

2008-03-23T13:17:00.000+07:00

Amateur traders often look to external sources for the best Forex training opportunities. They try to find the latest 'systems' and purchase hundreds of dollars worth of books and videos. But one important (not to mention free) source that they often ignore is their own trading log.

Many traders know that they should keep a log (or record) of their own trading activities. But what kind of information should they keep, and how will that information help them improve on their trading?

Log Entry Detail #1 - Entry and Exit reasons

One of the most important details to keep is the reason(s) for entering or exiting your trades. If you entered a trade (for whatever reason), and you made money, you may then go back to analyze what went right for you. However, if you lost money on that trade, then you can also go back and think about how you could have done things differently.

Without a record of your trade entry or exit reasons, you won't know what went wrong or what went right. Many retail traders keep making the same mistakes over and over again because they don't know what they're doing wrong... there's no way for them to know because they don't keep a trading log!

Log Entry Detail #2 - Your Feelings When Trading

Many traders who keep a trading log unfortunately don't keep a record of this detail. They enter into their logs only objective information: entry/exit criteria, lot size, as well as the time and date. All these are facts that can be verified.

But they leave out the one important subjective piece of information: their feelings before, during and after a trade. As a human being, emotions play a big part in influencing the decisions that we make; and in the world of Forex trading this is no different.

It's important to be aware of our own feelings when trading, so that when we look back to reflect on what we could have improved, we can better remember how we felt when trading at the time.

Were you confident before entering into the trade? What about just after the trade? Did you have any feelings of regret that influenced you into prematurely exit a trade? Or did you feel that prices were certain to go up again, and thus held onto a worsening short position?

Keeping a record of your feelings will help you become more aware of your psychological state when trading. This can be very useful in identifying your own trading patterns and behaviour, so that you can improve on them.

To learn more, Click Here to download my free 26-page guide, "Forex Trading Traps!"

Harold Hsu is the owner of ForexSystemProfits.com where he provides premium Forex trading tips and resources.

Article Source: http://EzineArticles.com/?expert=Harold_Hsu

Forex Signal

2008-03-23T13:15:00.000+07:00

To generate a forex signal, you will need indicators and a test that your indicators are working. A general rule is to develop a positive expectancy game. This can be done in two ways. First, if your average losing trade is smaller than your average winning trade and the system works 50% of the times, you have a positive expectancy system in the long run.

The other way to develop this type of forex signal system is to generate a signal which gives you more winners than losers and again the average win should be at least equal or greater than the average loss.

Trend following forex signal systems generate an accuracy of around 40%. A simple reason for this is that the markets trend 30-40% of the times. These type of systems are good as they catch major swings in the markets. However, psychologically they are difficult to trade. It requires a lot of patience and waiting to trade these type of systems. The other forex signal system is a day trading system. In all cases, the risk control is the back bone of the system. I have discussed in my previous articles that no forex signal will yield 100% results. You have to work with the probability of the forex signal. In this case the probability of the signal is 30-40%.

To run this type of signal, you need to be aware of the fact that you will be required to run your profits and multiply your gains to get full advantage of the system. If you look at daily charts for a couple of years, there have been big moves of around 800-1000 pips at least couple of times a year. This information alone can give you an understanding of generating a positive expectancy forex signal.

Adnan Kaleemi is a Registered Commodity Trading Advisor and has been advising Forex traders all over the world in more than 60 countries for the last five years. He is currently registered with the commodity and futures trading commission in the US. He reaches global forex traders where he provides daily forex signals and forecasts in the major currency pairs EURUSD,GBPUSD,USDJPY and USDCHF along with money management strategies. At http://www.forexforecasting.com you will find informative articles, newsletters and other tools which will help transform your Forex Trading.

Article Source: http://EzineArticles.com/?expert=Adnan_Kaleemi

Forex Killer Review - Forex Trading For Anyone, Learn Forex Trading

2008-03-23T13:13:00.000+07:00

Forex Killer Trading System is an automated, forex trading signal generator that will help you to improve your forex trading results.

Traders have big problems with deciding whether to enter a trade or not. The problem is that traders don't know if the signal is "right" or "wrong", and because they don't know how to act, this causes traders to miss a lot of profitable trades.

With Forex Killer you will get an automatic and mechanical trading signal generator, which will help you to make instant correct decisions. No more guessing, you will see profitable trades using this amazing software.

You will not need to think about anything anymore, because all your trading system will be generated by Forex Killer. It's completely unbiased, and can be very profitable.

It doesn't matter whether you are day-trader or position-trader, Forex Killer will find profitable trades for you. You will be able to use Probability calculator, and decide to take only trades which have 75% or higher chance of being profitable.

Using statistical analysis, it's not a problem to decide whether to enter a trade or not. You might miss some other profitable signals with lower rates of becoming profitable, but come on, basically, Forex Killer does almost everything for you. You just have to make some simple decisions.

Forex Killer also removes emotions and guesswork from trading, and if you use it right you can make thousands of pipes a month.

If you buy Forex Killer you will be provided with FREE life-time software updates. You will not have to pay any additional fees for upgrading the software. Everything is included, when you buy Forex Killer package.

Forex Killer Trading System

Forex Killer is a trading software developed by Andreas Kirschberger. Forex Killer uses statistical analysis to find trades for you, which are VERY likely to become profitable.

To find out if you have a trade, you simply just input the last 10 closing prices of whichever time frame you are trading in. Then you click on "Calculate" to get a trading signal, and the algorithm will give you one of the three following signals:

1. Buy

2. Sell

3. No Trade

If you get the signal, you follow the instructions that Forex Killer tells you, place your stop loss and your profit target. After that, all you have to do next is to trail your stops and wait till you hit your profit target or get stopped out!

Forex Killer calculator doesn't always work, because trading system is really unpredictable. However, the calculator definitely helps to locate mechanical entries, which are surely going to be profitable. This tool would be very useful to any trader, who is having hard times with trading system.

What You Have To Do

When a signal has been generated with the Forex Killer software, you have to open a market order with the recommended stops and profit targets for the time frame you're trading in.

Forex Killer is great for beginners definitely, but experienced traders will find it very useful as well. Forex Killer makes trading easier for those who want a mechanical trading system, and it also allows experienced traders to increase their profits working on larger trades.

The best thing about Forex Killer is that you have to pay only once for the software. No monthly payments, you will be billed only once.

Is Forex Killer For Me?

Using Forex trading you can make big money doing very little work, and Forex Killer makes it even simpler. If you require a mechanical forex trading system, then Forex Killer is for you.

You can also use Forex Killer to confirm trades on your existing forex trading systems, which is just awesome.

The Forex Killer is one of the simplest mathematical forex trading system softwares available, and it's a MUST tool to have for any forex trader.

The review is originally published on Clickbank Business Guide

Please Visit http://www.clickbankbusinessguide.com To Find Out More High Quality Reviews Of Top Digital Products & The Latest World Business News!

Article Source: http://EzineArticles.com/?expert=Steve_Blackman

Day Trading The Forex Market

2008-03-23T13:12:00.000+07:00

Almost everyone that talks to me about trading Forex refer the day trading. To all this people I tend to say that if you're just starting in this market, "Watch out!" It's not as simple or as easy as it looks.

There are some reasons why most beginners and even advanced traders can't make money consistently day trading Forex.

1 - The Forex market is open 24 hours a day.

Well, this could be an enormous advantage and it sure seems like it. But let us analyze it. If the Forex market is open 24 hours a day and you want to day trade and make money, this would mean be in front of your computer 24 hours a day. Well, this is impossible for one person to do. Even if you could stay awake 24 hours a day (which you can, obviously), would you be in the right frame mind to do a good trade? Would you even recognize that it was a good trade to enter? I don't think so.

2 - The Forex market lacks volatility during most of the day.

I'm sure you already figured it out. If the market is open 24 hours a day, there are periods where there's no volatility and others that the volatility explodes. On these volatility explosions, sometimes you don't even have time to think, not to mention entering an order. When you are day trading, you're constantly looking for a good trade. As during most of the day, the Forex market lacks volatility, prepare yourself to wait a long time before a good opportunity appears. And when it does, will you be able to correctly identify it? Will you recognize that it's a good trade?

3 - The spreads are huge to day trade.

I can imagine what you're thinking. 2, 3 or 4 pips spread is not that much... But let's see what these 2, 3 or 4 pips actually mean when you're day trading. When you want to day trade, you might do several trades during the day. Let's imagine that on a particular day, you made 6 trades. This means that you pay the spread for 12 times. If the spread of the currency pair you're trading is let's say 3 pips, this means that you spent 36 pips just for entering and exiting the trades. So, in order for you to make money for the day, you need to have done at least 36 pips.

4 - The day trading stress.

This doesn't only happen in Forex but also in other financial markets. Although, in the Forex it's even more stressing due to the fact that the market is open 24 hours a day and you can be waiting for a good trade to appear for a long time. Add this to the fact of the lack of volatility of this market.

As you can see, there are a lot of difficulties concerning day trading. This is why I tell all Forex traders, beginners or experienced, that making money consistently day trading Forex is not a simple task.

John Baker is an editor at http://www.ForexTopTen.com

By visiting the website http://www.forextopten.com you can read forex traders reviews about forex trading systems, trading courses, ebooks, softwares and brokers.

Article Source: http://EzineArticles.com/?expert=John_S_Baker

Forex Trading - Where Your Money's At!

2008-03-23T13:11:00.000+07:00

Did You Know That The Forex Market Determines The Value Of Your Money?

Most people don't. I didn't until I stumbled across a website one day while performing internet research for a product that I had stumbled across. I began reading about the Foreign Exchange Market and immediately I was captured by the sheer size and importance of what the Forex market represents to me and my family. The foreign exchange marketplace is where the actual currencies of individual countries are traded around the world, 24 hours a day, 5 days a week. The market has many nicknames, FOREX, FX market, currency trading etc., but what it really represents is the single most important marketplace on the planet. I call it the most important marketplace because what happens in the FX market has a direct effect on the value of the money in your pocket. Sense just about everything you do, need and desire is affected by the value of the money you have at any particular moment, learning what the Forex market is and how it affects your life is something everybody should be interested in doing.

The fundamental law that guides international currency values is the level of confidence that the Forex market as a whole has in one particular countries currency, relative to another countries currency. This confidence level is made up of multiple factors, including measurable economic data and non-measurable market psychological factors, but the underlying principle of it all is that the more stable the countries government, economy and history are, the more value will be placed on that countries currency. Once you begin to understand this principle, it will slowly dawn on you why certain pieces of information always make it onto the daily newscast! Terms like "lead economic indicators", "lower federal interest rates" and "consumer confidence index reports" will start to have real meaning to you as you start to realize the profound effect these things have on your daily life.

The stock market, governmental data reports concerning the nation's economy and political instability around the world reflect the overall health of the world's economy. The relative strength of the United States in terms of these international factors is reflected in the amount of goods the dollars in your pocket can buy at any given time. The stronger the dollar, the more food, clothes and gadgets you can buy. The weaker the dollar, the less stuff you can buy. Understanding this simple fact will show you that virtually every facet of your everyday life is being dictated by a market that you didn't even know existed! It's understandable if this fact leaves you a little dumbfounded, I sure was.

Once I realized how much power the Forex market had over my life I committed myself to learning as much about it as I could. It has not been easy. Apparently, access to the FX market has been restricted historically and not much information used to be available on the subject. As with everything else, the internet has changed all of that and now just about anybody with a computer and internet connection can gain access to this important market. It did not take long to discover that the FOREX is a huge beast and it was going to take time, effort and a large learning curve to get even a basic understanding of what was actually happening. I decided to write down what I was learning in the form of articles for two reasons:

1. I always found that forcing myself to write about a subject, made it easier to learn about that subject. I do not know why it works that way for me, it just does. Also, its always a good idea to have something written down in case you get distracted by one of life's emergencies and you have to put the subject down for whatever reason.

2. I wanted to be able to help other people to get at least a basic understanding about this market. It's just too important for people not to know anything about it.

So, I decided to write articles as I progress through my Forex learning curve, with the hope that it will help me and others learn about trading international currencies. I wanted to start with an article that focused on the importance of the market itself and how it related to your everyday life because that understanding is the key to being committed to learning about it. Exchanging currency is a difficult subject and in order to stick with it you must see the value in becoming familiar with it. That is what has kept me going and I am not stopping until I can make money on the Forex.

See you next article!

John Q

"Customer Service is saveyoursmile.com's mission!"

P.S. I still can hardly believe that the only reason that I even know about the FOREX market was because of some program that I tripped over while shopping in search of dental insurance. What was the product? The Forex-Killer software. What does it do? I really do not know yet. I have been researching the Forex market itself since I discovered it and I have not had the time to learn about the product but if you are interested in it simply click on this link and you will be taken to my initial review page about this Forex program or simply visit my website's Forex trading section.

Article Source: http://EzineArticles.com/?expert=John_Q

Forex Assassin Review - What Is The Forex Assassin Formula?

2008-03-23T13:10:00.000+07:00

Forex Assassin is a new Forex Trading tool which is already enjoying a growing popularity. This tool was made especially for the novice trader who can only spare a short time for trading. It was made wiht the average Joe who has a day time job, a family to take care of, and simply can't spare the time to monitor the markets all day, looking out for indicators, signals and the like, but would still like to take his or her trading to a new level.

How Do You Work With Forex Assassin

Each weekend you spend a few minutes of your time getting the exact prices from the market data. The only thing you need is the price since Forex Assassin is a price driven system. This makes it especially easy to understand for the novice trader.

You take the data you extracted and plug it in to the proprietary Forex Assassin formula. This is a formula which was developed over the course of 11 years of extensive trading, testing, learning, and fine tuning. What the formula does is provide you with 'take profit' and 'stop losses' prices for any forex pair you wish to trade in. These are your prices for the next week.

All you need to do is to give your broker these prices and simply let the market roll. These prices will make sure that your losses are minimal and profits are maximized so that overall you make more money with less work.

The best thing about Forex Assassin is its simplicity. It is easy to use, understand, and apply.

To read more about tools, click here: Forex Assassin.

John Drummond works from home. He writes often on business, trading, and finances. To read John Drummond's extensive review of this forex trading tool, click here: Forex Assassin Review - Does It Work?

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

Forex Killer Scam - Is Andreas Kirchberger For Real?

2008-03-23T13:09:00.000+07:00

Forex Killer is an automatic currency trading software which was created by Andreas Kirchberger, a veteran forex trader who once worked for Deutche Bank, one of the biggest investment banks in Europe.

What is Forex Killer and how does it work?

Forex Killer is an automatic forex trading software for the individual user. What the software does is 2 things:

* It helps you to trade better, catching signals quickly, and making better trading decisions

* It can trade for you automatically without you needing to be in front of the computer

The biggest question is whether or not Forex Killer is a scam or not. Does Andreas Kirchberger know what he's talking about?

If you take a look at the bank statements that Andreas Kirchberger shows on his website it's obvious that this guy knows what he's talking about. I mean, he's rich himself so it's obvious he knows how to trade. This doesn't mean that Forex Killer will work for you, only that the person who created it knows his business.

As to Forex Killer itself. I have some reservations about the software. I don't mean that Forex Killer is a scam. I don't think it is. However, I believe that the website of Forex Killer may provide an exaggerated impression of what this software can do.

Forex Killer isn't a magical machine you just switch on and watch your bank account explode. It's a valuable tool which you can use to make a lot more money, but only if you take the time to learn how to use it.

When you get Forex Killer, take the time to become familiar with everything it can do. Even if it takes two whole weeks to become an expert in the software, it's worth it.

When you start trading, do it with small amounts. Slowly increase your transactions until you're certain you know how the software works. When you get to that point, Forex Killer can truly mean a greater profit for you.

To read more about software, click here: Forex Killer Review an in depth look. John Drummond works from home. He writes often on business, trading, and finances.

There is more than one forex trading software. To read John Drummond's review of the best ones, click here: Automatic Forex Trading Software.

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

Forex Vs Stocks

2008-03-23T13:08:00.000+07:00

In this article you'll learn the biggest differences between the stock market and Forex.

1 - Leverage: On stocks, the leverage is usually 2:1 which means that if you have $2.000 in your trading account, you can buy up to $4.000 of a stock. If your account has more than $25.000 it can be considered as a day trader account and in this case, your maximum leverage might be as big as 4:1 for day trading only. On Forex, the maximum leverage is usually up to 200:1. This means that with $2.000 in your Forex account you can purchase up to $400.000 of your favorite currency pair. Some brokers offer even higher leverages that go up to 400:1!

2 - Variety: On the US stock market alone there are over 10.000 stocks. This means you have a lot of opportunities to trade but also a lot of complexity in order to find which stock you're supposed to trade. On the Forex market, there are only 4 major currency pairs: EUR/USD, GBP/USD, USD/JPY and USD/CHF.

3 - Commission fees: On stocks you usually pay a commission when you buy or sell stocks. This commission can be based on the number of shares you're purchasing or it can be a fixed commission like for example $10 for unlimited number of shares. On Forex the commissions are free. You don't pay any commission by buying or selling a currency. The only cost is the spread.

4 - Schedule: The US stock market is open Monday to Friday from 9.30am EST to 4pm EST. The Forex market is open 24 hours a day from Monday to Friday. This brings unlimited opportunities to traders worldwide.

Richard Taylor is the owner of http://www.FreeForexEbook.org . Here, you can download a free Forex Ebook that will tell you how you can start making money in Forex. Go to http://www.FreeForexEbook.org now and grab your copy.

Article Source: http://EzineArticles.com/?expert=Richard_M._Taylor

Easy Forex Trading - Is Forex Trading Really THAT Easy?

2008-03-23T13:07:00.001+07:00

A quick search online will turn up many websites claiming that you can make easy money in Forex trading. But while profiting from the currency market is certainly a reality for a number of traders, chances are that the path that these traders took was a tough one.

Many people all over the world are looking for a quick, simple answer to profitable Forex trading. But as tempting as that sounds, the fact is that there isn't one. However, there's one simple rule that you can't go wrong with.

The Simple Rule: Damage Control

This is the real key to profitable trading. Unfortunately, this is not what most people who are looking for a 'quick fix' like to hear. Damage control is neither sexy nor exciting, and this turns off many of them. These traders are looking to make a fortune overnight, and unfortunately they often do the opposite - wipe out their trading accounts.

How Winning Traders Trade

Winning traders will focus on both the winning and losing probabilities of each trade. To them, trading is not a blind gamble; trading is a careful management of risk. No one can accurately predict the future, and all winning traders know that.

Good traders will compare the potential gains against the potential losses, and if they find that the downside risks are too high given the potential gain, they will not place a trade.

Good traders actually pay more attention to the risks rather than the potential rewards. They always ask themselves, "What's the worst that can happen if I enter into this trade?" They are fully aware of the consequences of all their trading actions. Capital preservation to them is more important than trying to make money.

How You Can Learn From Winning Traders

Your aim for each trading day should be to trade without suffering a loss. Don't think too much about making money... if you can successfully minimize your chances of losing, the big profits will naturally come to you.

When you make it through a trading day without a loss (even if you only break even), then congratulate yourself, you've already done better than 90% of all other retail traders!

To learn more, Click Here to download my free 26-page guide, "Forex Trading Traps"

Harold Hsu is the owner of ForexSystemProfits.com where he provides premium Forex trading tips and resources.

Article Source: http://EzineArticles.com/?expert=Harold_Hsu

How To Trade Forex

2008-03-23T13:05:00.000+07:00

Before you start trading Forex you must learn how to do it successfully. The Forex market is one of the most difficult markets in the world, so you must be a good and skillful trader in order to make money.

The first thing you must do is to read everything you can about Forex. Make some searches on your favorite search engine and read ebooks, forums and articles. In order to learn how to make money in Forex, you don't have to buy expensive courses or books. You can and should read all the free resources that you can.

In a second step, you can open a demo account on a Forex broker. Most brokers offer you free demo accounts. Use this offer to your advantage. Practice your trading strategy and keep learning about the market's behavior and how to trade Forex.

This is probably the most important thing in Forex. It allows you to gain experience and improve your trading without risking any money.

When you feel you already know some things about Forex but need some professional edge, then you can buy some ebook or course. You don't have to buy the most expensive products on the market. Use your good sense to decide exactly what you need to improve your trading, and then look for a good product that can give you all that knowledge.

With this new knowledge, you should test it on your demo account. You should trade on a demo account until you're making consistent profits. When you're making good profits with small risks, you can start considering opening a real account.

Before you open a real account make sure you make a complete due diligence about the Forex broker. Make sure the broker is regulated and that you can be sure your money is safe with them.

Finally, start trading using tight risk management rules. Don't risk more than 3% of your account on a single trade. Use small stop losses to protect your account and avoid leverage.

George S. White is the editor at http://www.TopForexEducation.com By visiting the website http://www.TopForexEducation.com you can see some of the best Forex trading systems and Forex trading courses on the market.

Article Source: http://EzineArticles.com/?expert=George_S._White

Automated Forex Trading Software - Is It Dangerous?

2008-03-23T13:04:00.000+07:00

Have you ever heard the expression 'Guns don't kill people, I kill people'? What this is really saying is that guns themselves aren't dangerous but people are. A gun is just an object, but in the wrong hands it becomes a dangerous weapon. This may sound drastic but it is a good analogy for automated Forex trading software. The software itself is beneficial, but in the hands of someone who is unwise, it can be trouble.

What do I mean by that? To answer that question it's best to get an understanding of what the auto pilot trading software actually does...

What Does Automated Forex Software Do?

Some software creators will try to tell you that the best approach is to have software that does EVERYTHING for you. This approach isn't very good because you are oblivious to trades you might be making. While most trades will be profitable you have little control over what your money is doing and when.

A better system to automate your trading efforts is to grab some software that will tell you when to buy and sell. The automated part comes into play in that you don't have to do any analyzing. All of the processing is done for you and you will simply be given signals of when to buy and when to sell. From here all you have to do is contact your broker and organize the trade. Easy money :) . There are examples of this type of software at the end of this article.

The Disadvantages Of Using The Software

There are no real disadvantages if software of this nature is used properly. Automating your trading of the forex market can be a great way to cut down your time and increase your profits. However, it can be dangerous to blindly follow instructions of a machine. Use your own judgment and only ever invest in a trade you feel comfortable with. If you don't invest and your automated system was right on the money, don't worry too much because there will be a new trade right around the corner.

Always remember, no matter what market you are trading you cannot get emotion involved. This brings even the best traders unstuck whether or not they are using some auto pilot forex market software.

The Benefits of Using Forex Trading Software

There are no 2 ways about it, the benefits far outweigh the risks here. Perhaps the largest benefit is that you can spend less time analyzing market trends and more time spending the money you make. It can be an exact science to find the hottest times to buy and sell. Why bother with all that when you can have some tried and true software tell you when to trade currency pairs.

Another huge benefit with this type of system as opposed to a fully automatic one is that you can participate in what are known as dummy trades. That is you can see what would happen IF you were in. This is great because you can test the system first before investing actual money.

For automatic forex trading software you really can't beat Forex Killer. It is a new system achieving great results for many people all over the world. To find out more you can read a full Forex Killer Review by clicking here

Article Source: http://EzineArticles.com/?expert=David_McGowan

Automated Forex Trading - Can It Work For You?

2008-03-23T13:03:00.000+07:00

Trading the foreign exchange (Forex) market, it's a dream and reality for so many people. It can be a difficult nut to crack as well. Many, like me in my early days, are simply to scared to take the plunge while others just don't want to risk their hard earned money. I can relate to both of those reasons and they are both completely justified. However, there are ways to keep costs low and risk minimal and that is by using automated forex trading software.

What is Automated Forex Trading?

First off, there is no real way to trade Forex on complete auto pilot. It is always going to involve some work on your part and this is probably a good idea. After all, you wouldn't hand over your hard earned money to a plumber before your toilet was fixed. You can however automate the most difficult process in the whole act of Forex trading and that is deciding when to buy and sell.

There are several software packages out there that will do all of the analyzing for you and tell you exactly when to buy and when to sell.

Which Software Can Help To Automate My Forex Trading?

There are some different software packages that will automate your buy/sell process when trading. More recently there has been a software released to take care of this process. It has proved to be a very good way to generate signals for trading on virtual auto pilot.

Of course, if software isn't your cup of tea it is also possible to somewhat automate your trading by using a broker. You can pay the broker to give you buy and sell signals. However this can be a very expensive and is an ongoing cost. A broker will usually want to be paid monthly and once paid you will be stuck with whichever signals they send you.

Is It Dangerous To Use Software To Trade Forex Automatically?

I would not recommend using software that does the whole trading process automatically. The reason for this is that you have no control over when you are trading and when you aren't. This can be dangerous and can cause you to lose money quickly. The best option to take it to use some Forex automated buy/sell signal software like Forex Killer. Software like this will tell you when to buy and sell, but won;t do it for you. This is a much safer option

You can learn more about automating your Forex trading with software by clicking here. For more information about Forex Killer and how it can generate all your buy/sell signals automatically check out a complete Forex Killer Review

Article Source: http://EzineArticles.com/?expert=David_McGowan

Participants In The Forex Market

2008-03-23T13:02:00.000+07:00

There are four classes of participants in the forex market. Those classes are outlined below.

Governments and central banks. The largest and most influential participants in the forex market are governments and central banks. Central banks are typically either a part of the government or are a quasi-governmental institution -- meaning they are partially private, while still subject to a greater degree of scrutiny and regulation than fully private entities. The Federal Reserve, the central bank of the United States, is one such example of a quasi-governmental institution, as it sets policy on its own, but its head is appointed by the President of the United States.

Governments and central banks are the starting point of money; they are responsible for printing currency, and are in charge of regulating its supply. Their ability to control the supply of money gives them immense influence over the value of currency.

Banks. Banks constitute the next most influential group of participants in the forex market. These financial institutions lend money and also act as "market makers" -- the intermediary that links buyers and sellers in a foreign exchange transaction. Local banks, such as the neighborhood bank that many individuals may go to, operate in the forex market on a very small level, but larger banks often trade a significant amount on a daily basis. Their trading volume gives them influence over the value of currency.

Hedgers. Hedgers are participants who use the forex market to reduce the risk they are exposed to because of fluctuations in exchange rates. For instance, a company that imports raw materials to make goods may find that its costs rise if its native currency (meaning the currency it uses to import raw materials) falls in value. To hedge against this risk -- meaning to protect itself -- the company may enter a foreign exchange trade that allows it to profit from its falling currency. Exchange rate risk is an increasingly important factor in our interconnected world, especially for multinational corporations. As a result, hedgers can exert influence over the value of currencies.

Speculators. The latest class of forex market participants are speculators -- those who exchange currencies solely with the intent of profiting from exchange rate movements, in much the same way that stock market traders profit from fluctuations in stock prices. Hedge funds, large investment firms known for their aggressive strategies, are the largest group of speculators. With the advent of the Internet and online trading, though, opportunities for individual speculators have increased as well. These individuals trade online in much the same way that individual stock traders do.

Collectively, these four classes of participants constitute all the players in the forex market. Their varying objectives and the roles they play ultimately determine the value of the currencies that all people use.

Simon Parth has been an active forex trader since 2002. He is the co-founder of InformedTrades.com, a community dedicated to creating a comprehensive free online school for traders.

Article Source: http://EzineArticles.com/?expert=Simon_Parth

Forex Incredible System - Day Trading And Your Money

2008-03-23T13:01:00.000+07:00

Forex day trading is a incredible system to lose money as we will explain later, but you need some currency basics and we are going to give you some tips you must follow and some mistakes you must avoid to get the long term profits.

We are going to begin with some errors you must avoid:

1. Day trading does not work. Volatility in the short term is random. We have never seen a day trader with a successful track record in the long term.

2. Predicting is not effective. The reality is price change. Predicting is like the horoscope. Nobody knows the future.

3. Markets do not move to a scientific formula. This is a game of odds. You must know and trade the odds if you want to make money here.

4. Stay away if you cannot afford to lose. Forex trading is risky.

5. You must know how Forex day trading works and follow the currency trading system with discipline.

6. Journalists are normally dead wrong about major market changes.

7. The theory of buying low and selling high does not work. Stay away from predicting highs and lows if you want to succeed.

8. A simple Fx trading system is better than a complicated one.

Never be a day trader because volatility is random in the short term. The reality of the market is price change. Be prepared to lose. Do not believe in journalists and many so called experts. The following does not work: buying and selling high. Do not overtrade ever. This is a common mistake of many novice traders.

Making money here is a game of patient. Remember this day trader. There are some of the currency basics you need to know if you want to be using the day trading strategy, but we do not recommend it.

If you need more information about Forex you can go to my blog. http://forextrading87.wordpress.com

Article Source: http://EzineArticles.com/?expert=Ramon_Nunez

Universal Currency Exchange Training

2008-03-23T13:00:00.000+07:00

Universal currency exchange is an important investment these days. We can be making money in a short time span with currency trading. Universal currency exchange is really good for the financial health of the world, but we must be very wise when we need to choose a Forex broker. Money is not easy with Forex but in the long run you can succeed with the right resources. Here we are going to talk about technical analysis using Foex and its importance as part of any Forex training.

We use the technical analysis to get the price action using indicators and charts. But most indicators do not perform very well in the volatile conditions of currency exchange markets. There is too much ups and downs of the Forex market. You must use indicators when the market has low volatility and on a larger time frame. This is the reason why many of us stay away from these kinds of markets, but we must know that volatility is good if you are trading the right way. You must know that Forex is the most volatile market in the world.

In the Forex market, the prices of the currencies are changing in a very short time span. Because of this we can take advantage of the many opportunities that show up in the Forex market every single day. We must take advantage of the correct time frame using the tool called technical analysis. The theory behind the technical analysis teaches us that the price of the currency reflects the supply and demand. Then we use the charts to find out opportunities. These opportunities are also called set ups.

Universal currency exchange is risky and we advice you to take advantage of the short-term opportunities using the technical analysis method. You must get the best knowledge you can get about Forex.

If you need more information about Forex you can go to my blog. http://forextrading87.wordpress.com

Article Source: http://EzineArticles.com/?expert=Ramon_Nunez

The Forex Assassin Review - Legit Automated Forex Trading Systems, Or Scam?

2008-03-23T12:58:00.000+07:00

How does The Forex Assassin system work, and is it really a good system? Having experimented with many currency trading strategies ranging from swing trading to intraday, I have found that there are not a lot of Forex systems that make money unless you can spend a lot of time in front of your computer screen every day. The right system for you must match your lifestyle; otherwise what is working for a professional trader may not necessarily be profitable for you.

Other than trading systems, there have recently been more robots being introduced into the market. These robots take a trading formula and find all your profit and stop loss points for you automatically, as long as you leave it running. Even with automatic robots, you still need to watch what they are doing every day to ensure that they remain profitable, because market conditions are always changing every day.

Which Trading System Should You Use?

Many Forex trading systems promise to make you many pips a day, and many of them are true. However, you must always find out how much effort you need to work the system, as many of them require you to spend a lot of time and may not be suitable for everyone. One of the best things I like about The Forex Assassin system is that it only requires you to input price data, which is a small amount of effort compared to other systems that force you study charts.

How Does The Forex Assassin Work?

I would describe this system as simple, yet effective. It is an easy and profitable way to trade the currency because it utilizes a completely time driven strategy that uses time zones. Users can adjust their trading times according to their lifestyles, thus it works very well for people with day jobs.

Having used Forex Assassin for weeks now, I no longer sit in front of my PC screen all day waiting for my trade opportunities. Using the prices of currency pairs, I input the price data into the formula spreadsheet that I am provided with, and the profit and stop loss points will be provided for me after calculations with the formula.

Is The Forex Assassin another useless piece of Forex trading software? Visit http://www.top-review.org/the-forex-assassin.htm to see results of this trading software, and Click Here to Download The Forex Assassin!

Article Source: http://EzineArticles.com/?expert=John_Schadler

The best commodities to buy in 2008

2008-02-25T20:42:00.001+07:00

Investors in raw materials have enjoyed a sensational start to the year. Helped along by geopolitical tension and the weak dollar, which makes greenback-denominated commodities cheaper for non-US investors, oil last week eclipsed the $100 mark and gold burst through its 1980 peak of $850 an ounce; it has now reached $880. Platinum, soybeans, heating oil and palm oil also hit records.
Expect the commodity cycle to continue

The upswing of the past few years is set to continue for years. As Jim Rogers puts it, we have three billion people in Asia “who were not in the game” during the last boom; they want Western living standards. Industrialising economies already consume 55% of the world’s commodities, says Ian Henderson of JP Morgan Asset Management’s Natural Resources fund, while Evy Hambro of Blackrock’s World Mining fund said last year that Brazil, India, China and Russia would collectively need more oil, aluminium and copper than the entire planet used in 2006.

Supply has been lagging as new capacity was neglected during the bear market; it can take ten years to bring a new mine or oil field online. Underinvestment, a shortage of skilled people and industrialising emerging economies are trends that won’t disappear any time soon, says Stan Sudol in Canada’s Northern Life: we are in a commodities supercycle.
Be wary of oil and base metals

But the supercycle may well take a breather in 2008 as far as metals and oil are concerned. With a US recession a strong possibility, it’s hard to gauge to what extent countries such as India and China are decoupled from the US growth cycle, as Mark Dampier of Hargreaves Lansdown points out.

Citigroup recently said that Asian consumption has declined as a proportion of GDP, leaving the region more dependent on exports. And it’s interesting to note in this context that Singapore’s fourth-quarter growth slid to 6% from 9% in the previous three months, while South Korean and Malaysian export growth is softening.

Barclays Capital points to the prospect of fresh lows in metals stockpiles, expecting slowing American metals demand to be offset by demand elsewhere – although metals, which posted negative returns last year, remain “vulnerable to global growth concerns”. The world economy looks set for a dramatic slowdown, according to Derek Burleton of Canada’s Dominion Bank, implying a “meaningful impact on commodity demand”.

It’s a similar story for oil. Inventories have slumped and Opec shows no inclination to boost production, while there have been no major discoveries for years. Gerard Lyon of Standard Chartered thinks a recession in the US, still the world’s biggest oil consumer, could lower prices to $70-$80 a barrel as demand falls. But that will be a setback en route to $150 oil in the next three to five years.
Be bullish on gold and silver

But while the short-term outlook for metals and oil may be inauspicious, precious metals should live up to their name this year. There is plenty of scope for further gains in gold, which in real terms is still far off its 1980 peak of over $2,000. Further dollar weakness, worries over the US and global economy, the ongoing credit crunch, the shaky geopolitical environment, “more than a whiff of inflation” – as Graham Birch of Blackrock’s Gold and General fund puts it – all look set to give the ultimate safe haven and store of value a further fillip.

The fundamental outlook is also encouraging. Global output fell to a ten-year low last year as South African supply fell to a 65-year low and Canada has passed peak output. Meanwhile jewellery demand has risen as the Asian middle classes expand and investment demand is climbing sharply, although “we’re still talking small numbers” compared to flows into other assets, as Philip Klapwijk of research group GFMS says. Central banks also look poised to step up buying, with Russia planning to raise its share of reserves.

Ross Norman of TheBullionDesk.com, the top forecaster over the past four years, says gold could reach almost $1,200 an ounce in 2008. An easy and cheap way to gain exposure is via a London-listed gold ETF that tracks the spot price (PHGP), while Dampier holds the Blackrock Gold and General fund.

Dollar and general political and economic jitters also traditionally bode well for silver, which is historically undervalued compared to gold. James Turk thinks it can double to $30 from here as the gold-silver ratio falls from its current 56 to below 40 and as gold reaches $1,200.

Platinum’s fundamentals remain bullish with inventories low and supply disruptions resulting in a deficit this year; there is scope for further short-term gains, said Standard Bank late last year. All this makes the precious metals ETF containing gold, silver, platinum and palladium worth a look (PHPP).
Stock up on food

You can see why Jim Rogers has been stocking up on agricultural commodities. The sub-sector is still further from its historic highs than metals or energy and the demand-supply picture is compelling. Rising populations, mounting wealth in emerging economies fuelling protein demand and the trend towards biofuels are major drivers of demand, while urbanisation, limited room for acreage expansion and meagre stockpiles – US corn inventories are at a 35-year low – have meant supply is falling behind.

Barclays Capital thinks the outlook is especially positive for grains and cotton, which Byron Wien of Pequot Capital reckons could reach 85 cents per pound in 2008; it is now at 69 cents. There is a grains ETF in London (AGGP; it covers soybean, wheat and corn), as well as one for cotton. One of the few agricultural funds available is Hugh Hendry’s CF Eclectica Agriculture Fund.

Oil price: it's all about the supply

2008-02-25T20:37:00.002+07:00

People are amazed by numbers. Benchmarks and records can have huge psychological effects on the way people view a problem. So why are people so slow to react to this new milestone?

Oil has finally reached $100 per barrel, yet few people on the distant end of oil supply lines are aware of how fast the status quo can change. The status quo tells us to expect more oil when we want it. That market forces always bring ample oil supplies to market. That oil producers will always accept a fixed amount of paper money in exchange for concentrated liquid energy.

But the status quo view of the oil market has been wrong for years. Many still use speculation and geopolitics, rather than supply and demand, to explain rising prices. These pundits never question whether the exchange of paper money for black gold is sustainable. In the old days, when oil prices rose, big exporters like the Saudis recycled most of their oil money into the U.S. bond market, giving rise to the term “petrodollars.” But those days are long gone. Middle East oil producers now pump lots of money into local economies and oil price subsidies. These policies have led to much higher oil consumption in OPEC countries and will keep lots of oil from ever reaching the export market.

The oil trade has radically changed, and investors need to understand these changes. So it helps to look at a model of a hypothetical oil exporting country.

Jeffrey Brown’s Export Land Model accomplishes this. It shows how dramatically exports can decline when two things occur at the same time: Domestic consumption increases while production declines. Brown, an independent petroleum geologist who writes for The Oil Drum, presented his Export Land Model at the ASPO-USA conference in October. When you really think about this model, the debate over how much oil is in the ground becomes trivial. Rather, we should think about how much oil could be available for export in the coming decade.

Brown’s model is easy to understand. It makes sense. Several historical examples validate it. Yet this line of thinking is totally outside the mainstream. As Brown explains, his model represents:

“A hypothetical country with ultimate recoverable reserves of about 38 billion barrels… The model showed the effect on net exports of a country that hit peak production and started declining at 5% per year. The exporting country consumes 50% of its production, and that consumption is increasing by 2.5% per year. The 5% decline rate is loosely based on the post-peak Texas decline rate of about 4% per year.”

Export land model

The red line in this chart shows that “export land” starts off exporting one million barrels per day. Because production, the black line, is declining at 5% per year and consumption, the gray line, is increasing at 2.5% per year, exports plunge to zero in less than a decade. Brown mentions two other important points about the model. First,

“Only about 1.7 billion barrels, or 10%, of remaining post-peak recoverable reserves would be exported.

“Second, the overall exponential net export decline rate, about 29% per year over the eight-year net export decline period, is much more rapid than the production decline rate of 5% per year.”

The following chart shows how Brown’s model compares with two recent case histories: Indonesia and the United Kingdom. Indonesia, depicted in black, reached peak production in the late 1990s and has almost become a net oil importer. The U.K., depicted in gray, peaked around the turn of the century and became a net oil importer in just a few short years. U.K. North Sea production declined rapidly because offshore fields tend to have very high decline rates:

YOY percentage change in new exports - uk, indonesia, and elm

The top five net oil exporters from 2000-2005 were Saudi Arabia, Russia, Norway, Iran and the United Arab Emirates. Oil consumption in these five countries grew 3.7% per year over this period. Since 2005, consumption growth has accelerated in a few of these countries, so net exports from the top five may decline at a much faster rate than the market expects. We may have seen only the early stages of oil price increases.
(Article continues below)

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Geopolitical power will shift to oil exporters

How will the U.S., so reliant on imported oil, cope in an environment of tightening world oil exports? Most U.S. consumers have been sleepwalking on the march to $100 oil. Instead of understanding where oil comes from and altering consumption habits, the public seems more interested in taxing “greedy” oil companies. The longer this happens, the more painful the adjustment will be. Most of us don’t realize that the U.S. no longer has a monopoly on the world’s oil exports…let alone the implications.

Hugo Chavez just announced that Venezuela will export 500,000 barrels per day of crude to China in 2008, up from the current level of 350,000 barrels per day. He wants to increase shipments to one million barrels per day by 2012. Whether he achieves this goal or not, one thing is clear: Venezuela will soon be shipping lots more oil to China than it will to the U.S.

Mexican oil production is declining so fast that it will likely become a net oil importer within a few years. Kazakhstan is unilaterally renegotiating contracts with foreign oil companies to increase the government’s share of growing oil revenues. African countries like Nigeria may do the same with companies like Exxon Mobil.

For years, China has aggressively pursued contracts to secure reliable oil supplies, especially in regions like Africa. As it currently stands, the U.S. has no energy security plan other than to remain friendly with Saudi Arabia and hope that country meets its production goals. But even if OPEC can keep production high enough to meet insatiable demand, it’s unlikely that it will ship oil in the same quantities to the same customers.

Another thing to keep in mind, which we saw unfold in early November, is Ben Bernanke’s dilemma. With oil and gold at record highs, can he really afford to slash short-term interest rates to help save housing? Though he likes to bluff, he can’t afford to push rates down to 1%, as Greenspan did in the last easing cycle. If he did, another round of dollar weakness would drive international investors to gold and tangible assets even faster. It would also make oil less expensive in stronger foreign currencies, which would draw more oil supply to foreign markets.

Under a worst-case scenario, within a few years, much of the world’s tradable crude oil could be withdrawn from futures markets and locked up under long-term supply agreements with “favored” customers. And current trends point to the U.S. losing its favored customer status, even among longtime reliable suppliers from the Middle East.
Middle Eastern wealth looking inward

I maintain regular contact with a private equity fund manager. He just returned from a trip to the Middle East to gauge the local interest in alternative investments. He wrote:

“The gulf is earning $1 trillion every two years, assuming $80 oil. We met with one of the ruling families in the region, and it anticipates no fall in oil prices anytime soon. One question I asked on the trip was how long we should expect the U.S. dollar/Middle East currency pegs to last. I expected a lot of strange looks and party line answers about how they’d be shooting themselves in the foot, since the U.S. is their largest customer, but almost uniformly, people thought a major move away from the dollar is 18-36 months away. But rather than a completely free-floating currency, they believe the ‘basket’ approach of Kuwait is likely to be the outcome.”

Since the dollar is about half of the Kuwaiti currency basket, the impact has been somewhat muted. My contact also noted an unmistakable trend common to all Middle Eastern sovereign wealth funds — they are moving away from U.S. Treasuries with two specific goals in mind. First, they are looking for higher returns in alternative asset classes like hedge and private equity funds. And second, they want to shift portfolio exposure from the West to their home markets — particularly in local infrastructure. This includes roads, utilities, schools and hospitals. Growing Middle Eastern wealth is leading to higher living standards, which leads naturally to higher oil consumption.

This isn’t the behavior of investors seeking to maintain their end of the status quo “oil for U.S. dollar” trade. So the writing is on the wall for the petrodollar trade.

What does this mean for the U.S. and other oil importers? It means the global drilling rig fleet will grow in importance. The rig fleet must become more productive, because target oil and gas reservoirs are becoming smaller and more scattered. The recent spike in drilling activity has strained the industry.

If spikes like these continue, the equipment will become worn out quickly and oil prices will then continue to rise.

By Dan Amoss for Whiskey and Gunpowder

Watch a video interview with Merryn Somerset Webb on the impact of oil price rises.

Are we heading for Peak Coal?

2008-02-25T20:35:00.001+07:00

Peak oil, yes; but peak coal? India's Tata Power recently acquired 30% stakes in Indonesia's two largest coal mines, securing 20 million tons of coal to fuel its 750 kilowatt project on India's west coast. This is a shrewd and opportune move.

There's a sustained and tightening squeeze on global supplies of the 'thermal' coal needed to power the world's coal-fired power stations, just as Asia (except Japan) embarks on a massive expansion of planned generating capacity based on coal, despite rising concerns about carbon pollution. The technology that needs to be deployed to separate and store the pollutants from coal burning is still at least five years away.

Meanwhile, disastrously polluted China brings a new coal-fired station on stream every week to help 'keep the lights on' and power its frantic industrial growth. The Chinese plan to triple generating capacity to 500 gigawatts by 2030. India is driving to triple its generating capacity by 2010. South Korea is adding 7.3 gigawatts in the next several years, and Vietnam has announced that it's to spend billions on coal power due to its soaring economic growth, combined with fears that its off-shore gas reserves may not be as large as initially anticipated.

Even 'green' Japan is adding 10 new coal-powered stations, without decommissioning any of its existing ones.

Consequently, the price of seaborne coal in Asia has risen by over 40% this year, with the prospect of higher prices in the years ahead. It's clearly a sellers' market.

A pivotal problem is emerging in the shape of China, which is radically upsetting the market. It is becoming a net importer of coal for the first time for a variety of reasons. Until now, China regularly exported between 80m-100m tons, largely to South Korea and Japan, both of which are totally dependent on coal imports.

And it's going to have to import a lot more, which may sap Asian supplies for years to come, hence the scramble among Asian governments and power utilities to clinch long-term, fixed price contracts with the mines. As it is, over half of global 'thermal' coal is traded via direct contracts between power companies and mines.

China may be the largest coal producer in the world but it is facing increasing difficulties in supplying its industrial south from its northern coal belt at world competitive prices, due to transport costs and the low energy content of much of its coal. At the same time, some 8000 'unsafe' mines, accounting for 5% or more of overall output, have been closed down in the wake of public outrage over the 4,000-5,000 miner deaths occurring annually. It is also importing 'cleaner' coal to try to combat pollution.

So it has been importing coal in increasing volumes from Australia, India, Vietnam, Mongolia and even North Korea. But India, although the world's third largest coal producer, now needs more of its own coal and is having to import coal itself. Vietnam is under the same pressures. It is moving to curb exports to China's Guangdong economic powerhouse region, which have been running at around 20m tons annually.

Australia currently exports over $20bn of coal a year, and is the most important 'switch' producer, along with Indonesia. It has scope to expend production, but is seriously constrained by capacity problems at the port of Newcastle, NSW, and an inadequate rail link from Queensland.

Indonesia is already the world's largest exporter of thermal coal, and is striving to double output over the next five years. It needs a lot of help to do so. At its big annual Coal Show earlier this year, it was made clear that Indonesia needs everything from large excavators and geological surveys to hand tools to get the job done.

So there's no short-term fix to Asia's coal problem, and in the longer-term, the situation could be nearer to the 'peak' oil scene than is generally understood. Careful and detailed independent research by two highly regarded bodies, the Energy Watch Group (EWG) and the Institute for Energy (IFE), suggest that the price and cost of high energy coal is going to catch up with the prices of oil and gas over the next 10-20 years.

Both concluded that global coal reserves are at least 60% lower than suggested 20-25 years ago. They say that the older predictions were made on the 'basis of inadequate data'; and since then a lot of coal has been mined. China, in particular, hasn't updated its reserve estimate for 15 years. It could be within anything of 5-15 years of 'peak' production, according to the EWG, putting a spanner in the country's coal-fired economic growth. And the IFE points out countries like Poland, Germany and the UK have reduced recently their 'estimates' by 50%-90%.

The US is often cited as the 'Saudi Arabia' of coal. But it passed 'peak' production in 1990 and the remainder of its vast reserves are mainly in lower-quality bituminous and very low quality sub-bituminous coal and lignite. Little more than half the world's dwindling reserves are of the best quality coal, anthracite.

At the same time, about 90% of the world's remaining coal is in just six countries (China, USA, Australia, India, South Africa and Russia), which scarcely bodes well for a high security of supply and market 'perfection.'

Given the geological difficulties in developing new fields and the additional infrastructure costs entailed, the world's supply of high grade coal available at anything like today's operating costs is extremely limited.

Prospectively then, as the needle of the world's fossil fuel tank drops towards the 'E' mark, what we are heading towards is a high cost and interrelated hydrocarbon market, involving bilateral, neo-mercantilist deals rather than the free market. As is usual these days, China is at the core of the issue.

By Michael Orme for The Daily Reckoning

How to profit from rising soft commodities prices

2008-02-25T20:34:00.001+07:00

Times are tough in Japan. Not only do its residents have to put up with regular doses of bad economic data and a stock market that – unjustly – has spent the year so far in freefall, but now the prices of most of their favourite foods are soaring too.

I mentioned the shock rise in mayonnaise prices across Japan in this column last year (the Japanese appear to find that the taste of most things can be improved with a dollop), but this is nothing compared with what’s going on with the price of milk.

This has doubled in the past year, emptying the wallets of cheese lovers across the country and most recently causing popular fast-food chain Cheesecake Factory, caught between fast-rising input prices and static sales prices, to shut its doors for good.

Of course, it isn’t just in Japan where milk prices are on the up. And it isn’t just milk prices that are rising. Wheat prices leapt about 150% last year (to a level described as the “agricultural equivalent of $100 oil”) while rice prices climbed 180% or so.

Overall, according to Mysupermarket.co.uk, the price of an average basket of supermarket food has risen 12% in the past year. The reasons for all this have been much written about. The supply of food hasn't changed much, despite all the recent droughts and floods. Instead it is about the surge in demand.

The Chinese, as commodities guru and ex-Soros side-kick Jim Rogers points out in his new book A Bull in China, “are famous for eating just about anything”. They’ll slice out a snake’s gall bladder and “squeeze the bile into a wine cocktail” and think nothing of making a meal of “camel’s paw”.

But these days it seems that it isn’t just anything they want to eat. A rise in average incomes, the emergence of the middle classes combined with a good dose of well-judged marketing means the traditional diet of rice and vegetables – with a few exotic extras thrown in – is being abandoned in favour of a more western diet.

In 1966, Rogers told me last week, only 4% of the Chinese diet was made up of meat. Today it is four times that and, reportedly, there are more statues of KFC’s Colonel Sanders around than there are of Mao. At the same time the demand for cheese and milk is rising very fast, partly thanks to the extraordinary speed at which Pizza Hut and Starbucks have muscled their way into the region.

In 2006, China accounted for 13% of global milk production but demand is rising at about 25% a year and should keep doing so for some time. Right now the Chinese consume only a 16th as much dairy per head as the Americans. But there is no reason to think they shouldn’t eventually consume the same amount, be it in the form of cheesecake and ice cream or the probiotic yogurts fashionable among Beijing’s urban young.

All this protein eating obviously pushes up demand for the sources – cows, pigs and chickens. Hence the rising prices of the things cows and pigs eat – grain. To produce the 50kg of pork the average Chinese person now eats every year you need 150kg of grain.

Of course, the Chinese aren’t the only ones putting pressure on global food supplies. They are joined by the rest of emerging Asia and crucially also by the expansion in the American ethanol programme since 2005. Politicians hope biofuels can solve three of the main problems that come with using oil as their main energy source – its fast-rising cost, its nasty environmental impact and its security (better to grow your fuel in Iowa than buy it from Saudi Arabia).

Unfortunately, while we don’t yet know that biofuels can do any of those things – early evidence suggests they cannot, but the jury is still out – we do know that the attempts to find out is adding to the huge pressure on food supplies. This is in turn pushing prices even higher.

Note that the price of palm oil, a standard cooking oil which can also be used as a biofuel, has more than doubled in the past 18 months.

There’s not much to be done about all this in the short term. Crop yields in China and India could be pushed up with better irrigation, but water is already scarce in both places.

Marginal land could be pushed into production, but there simply isn’t enough of it to increase supplies significantly and it wouldn’t be much good for the environment anyway.

Alternatives are to grow more genetically modified foods or to simply dump the biofuels dream. Neither of these things is going to happen in a hurry; the fact is that cheesecake in Japan is going to keep getting more and more expensive for some time to come.

There aren’t many good places for your money in the markets this year, but food, it seems, is going to stay one of them.

Note, said Rogers, that while it looks like prices have risen a lot recently on the back of the “very strong fundamental changes” in the market, they are still low by historical standards.

Take inflation into account and sugar is 85% off its all-time highs in the 1970s and coffee would have to rise another 70% before it started to hit record levels.

You can buy into the boom by buying shares in the grains exchange-traded fund (ETF) listed in London (AGGP): it tracks the prices of soybeans, wheat and corn.

Otherwise you might look at a fund I’ve mentioned before, the CF Eclectica Agriculture, which invests in the companies that will make money out of the boom (tractor manufacturers and the like) or even buy Rogers’s book in which he lists scores of Chinese companies already making a killing from the changing eating habits of their nation.

Think China Animal Husbandry Industry Co (SHA:600195), which is a major supplier of animal feeds, or perhaps China Yurun Food Group (HKG:1068), which processes pork and “is the one Chinese firm that knows how to make maple cured bacon and pepperoni”.

First published in The Sunday Times 20/1/08

Go for gold, but get cautious on oil

2008-02-25T20:30:00.001+07:00

“Dynamics have begun to change inexorably towards a diminishing supply of gold and increasing investment demand.” So said David Davis, Analyst at Credit Suisse Standard Securities.

It has also been said that we are very close to a point where the total of private investor holdings of gold bullion will exceed the total amount held by central banks.

At fullCircle we are wrestling with the big question. We expect there to be three stages to this primary bull market for gold. The first stage from 2001 ended in 2005 when the second stage started at an accelerated rate. The possibility is that in August last year the third stage commenced. If that is so, then it will all get very fast and furious and we would expect, as a minimum, for the gold price to double in a relatively short time. If you look at the published chart from January 2003, you will see the latest accelerated trend for gold bullion. If it is at that third stage, then that trend should sustain and as time goes by, even accelerate. The end of the gold bull market will look like a stick standing in a jar.

It is impossible, at this stage, to know if the third stage has commenced, so we are vigilantly watching price action. If the second stage is yet to finish, then in due course the gold price is going to come back at least to the uptrend from 2005, somewhere between $750 and $800/oz.

We are very confident that the bull market is not over, the eventual new all-time high has not yet been made and more likely than not, when it is made, will be in the region of $2,000/oz.

We would expect investments in gold mining shares to do better than investments in gold bullion by a ratio of about three to one; of late, that has not been the case, gold bullion has enjoyed the best of it. If gold bullion has entered the third stage of its bull market, there is a possibility that the metal may continue to out-perform. We are, therefore, considering a change to the investment stance. We may look to reduce exposure to gold mining shares and replace it with exposure to a gold ETF or possibly a gold structured note.

Another dilemma we have is the likelihood of the bull market for industrial commodities upholding as the global economy slows. Common sense tells us this must have an impact upon base metal mining stocks.

Energy is possibly a horse of a different colour but yet again, we are watching price action very carefully. The ongoing supply limitations are further affected by the fact that the oil producing nations are themselves economically growing. Their demand for oil is rising exponentially and limiting that amount of oil they have for export. And then there is China who we expect to continue to grow for political reasons if not for economic reasons irrespective of a global economic slump. Finally, there is the risk of political, terrorist or weather interference.

As with industrial commodities, we hold these investments a little nervously and watch price action. In particular, we may not wish to hold on if the oil price falls below $85 per barrel.

By John Robson & Andrew Selsby at fullCircle Asset Management, as published in the threesixty Newsletter, a fortnightly newsletter that gives insight into the investment markets.

For more from FullCircle, visit http://www.fullcircleasset.co.uk

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