How the Profit Was Managed of the Currencies Trade?

In the beginning The people looks for the currencies trade as a fast and easy source for the bawdy wealth but Fast that look changes as a normal result after the loss, And the question remains without answer . . .how the profit was managed of the currencies trade? But I have found the answer after loss a lot of money for long time and I will share the answer with you.
how the profit was managed of the currencies trade?

I am sure of your success if you have the ablility to understand and follow my successful steps, do you know why?! Because I have been tested it for along period.

1st step: choose suitable Strategy for you and practice on it for three months at least , many forex traders test new strategy periodical even if they have a good forex strategy which make profits , this is a big mistake and they will know that by the hard way. most of forex strategies are successful but to make profits with it will need to understand it carefully and try it for long time to test influence of the different forex market factors on your strategy.

2nd step: choose a trusted forex broker who is suitable for your needs like forex trading software, The accuracy and the quickness in the orders execution, how can deposit or withdraw your money and their support availability .

3rd step: calculate your forex capital , Many forex brokers offer low initial deposit to start forex trading at once , do you know why? Because you are going to loss it at once!! And they gain your money easily, so The capital calculation is an important step as many forex trade operations are lost before divert to the profit as Return to two causes:

* A wrong entering point selection

* news against your technical analysis

4th step: Keep away of your emotions , Only you can trust in your forex strategy and what say to you, by this method your money become save and profitable

Now here is perhaps the most important point of this entire article. Get training! Think about it, many people go to school (College, University or take specialty courses) to learn how to be proficient for their jobs. You'd In the beginning The people looks for the currencies trade as a fast and easy source for the bawdy wealth but Fast that look changes as a normal result after the loss, And the question remains without answer . . .how the profit was managed of the currencies trade? But I have found the answer after loss a lot of money for long time and I will share the answer with you.
How the profit was managed of the currencies trade?
I am sure of your success if you have the ability to understand and follow my successful steps, do you know why?! Because I have been tested it for along period.

1st step: choose suitable Strategy for you and practice on it for three months at least , many forex traders test new strategy periodical even if they have a good forex strategy which make profits , this is a big mistake and they will know that by the hard way. most of forex strategies are successful but to make profits with it will need to understand it carefully and try it for long time to test influence of The different forex market factors on your strategy.

2nd step: choose a trusted forex broker who is suitable for your needs like forex trading software , The accuracy and the quickness in the orders execution, how can deposit or withdraw your money and their support availability.

3rd step: calculate your forex capital, Many forex brokers offer low initial deposit to start forex trading at once, do you know why? Because you are going to loss it at once!! And they gain your money easily, so The capital calculation is an important step as many forex trade operations are lost before divert to the profit as Return to two causes:

* A wrong entering point selection

* news against your technical analysis

4th step: Keep away of your emotions, Only you can trust in your forex strategy and what say to you, by this method your money become save and profitable
Now here is perhaps the most important point of this entire article. Get training! Think about it, many people go to school (College, University or take specialty courses) to learn how to be proficient for their jobs. You'd agree that doctors, lawyers, and other professionals make good money, but they wouldn't if they weren't trained for their careers. Sure they paid dearly for their schooling, but the investment of their training became returned upon graduating. Many are now wealthy.

Remember the saying, "Give a man a fish and you feed him for a day, but teach him how to fish and you feed him for life." Go learn to "fish" and you'll be well fed for life!
I trust that you've enjoyed reading this article, and have benefited by it. I wish for you thousands and thousands of forex pips! May you be blessed with success in all your forex trades. agree that doctors, lawyers, and other professionals make good money, but they wouldn't if they weren't trained for their careers. Sure they paid dearly for their schooling, but the investment of their training became returned upon graduating. Many are now wealthy.
Remember the saying, "Give a man a fish and you feed him for a day, but teach him how to fish and you feed him for life." Go learn to "fish" and you'll be well fed for life!

Using Intermarket Analysis in Your Currency Trading

I am going to assume that if you are reading this article then you already have a foundational knowledge of the foreign exchange (forex) market, so I am going to breeze through the basics and go right to the main topic of intermarket analysis.

If you are a financial market junkie like me, the topic of intermarket analysis is a fascinating one because it can applied to making money with forex trading (the main topic of this article) as easily as it can be applied to commodities. As you can probably guess, the term "intermarket" in this context simply means looking beyond normal economic data in order to come to a conclusion about where the price of a certain currency pair is headed. The opposite of intermarket analysis is plain fundamental analysis, usually focusing on major economic data such as employment, labor, and interest rates.

A few of the most significant intermarket relationships have to do with gold, oil, and the 10-year bond yield in the United States. The reason that the 10-year yield is important is because this value can be correlated to the value of a dollar index, or a basket of goods that can reveal the overall strength of the US dollar.
When it comes to gold and oil (which are arguably two of the most important commodities in the world today), the prices of those commodities will most affect the currencies of the countries that produce these commodities. There are two main relationships when it comes to gold and oil: Canada is a large producer of oil, an so the Canadian dollar (CAD) will be affected by changes in oil prices; and Australia produces a lot of gold, and there are many companies in Australia that manufacture gold products such as rare coins, so the Australian dollar (AUD) will be affected by changes in gold prices.

These are some of the most profound instances of intermarket relationships in the global economy, but keep in mind that these relationships are *not* exclusive to the currencies I just mentioned. That is to say, changes in gold prices are not going to only affect the price of the Australian dollar and leave the value of every other currency unchanged; changes in the value of these important commodities like gold and oil will affect every currency, it just so happens that a larger part of the Australian economy has business interests in gold, so if gold gets more expensive then it becomes harder to do business.

Though oil and gold each have a "flagship" currency which they affect the most, fluctuations in the price of each of these commodities will also affect every currency in a somewhat predictable manner. When it comes to gold, a basic rule of thumb is that the currency value of all nations will decrease when gold gets more expensive, since this can indicate that more people are buying precious metals because they may not have as much faith in the main governing bodies in the world.

The way that oil affects currency prices is very interesting, since at this point in history (but hopefully not for much longer) nearly every major economy is dependent on oil for transportation and heating. The way that changes in oil prices affect a country's currency depend on whether or not that country is an importer or an exporter of oil. As an example, Canada has traditionally been an exporter of oil, whereas the United States has been an importer. So when oil becomes more expensive, this can be damaging to the United States economy and beneficial to an oil-exporter like Canada.

As a forex or currency trader, it is important to understand these relationships so that you do not derive your trading signals from only one source. It is also good to know how major commodities affect currency prices because you can also use this knowledge to make money in the global stock market, by investing in companies such as a Canadian oil producer or an Australian company the specializes in gold coins.

Forex - Some Pros and Cons As a Way to Create Wealth

Forex, as a way to create wealth is my least favorite method of all. Having said that, I shall try and do my best to give the method an unbiased appraisal.
The reasons Forex is not popular, with me, are largely built out of my own insecurities, as a wealth creation method builder. Do not take that as a slant on forex at all. But I will begin this paper with what sets my alarm bells ringing first off.

The fact that there is no one body, or organization, responsible for clearing all forex trades, trading practices, trading houses or otherwise scares me a little, no, actually a lot. This aspect alone, for me, lends ultra high risk to Forex as an investment. Essentially it means that if you go down the proverbial gurgle, for whatever reason, there is no come back. No one can be held accountable by a governing body because there isn't one. Not globally, not inter state nor inter country.

The very nature of Forex, being an over the counter transaction as it were, (I simply walk into a bank and buy or sell) this means also that the exchange rate, whatever it may be at one shop (read Bank) may be different from another shop (read Bank). In practice this means that the prices are very close together, but remember that successful forex profitization ( new word) is about trading in VOLUME. 0.1 of a cent fluctuation may not sound like much but attach that to $100,000 and you soon start to realize (or lose) a hundred dollars.

So the importance of price DOES matter, and rather considerably. The fact that one bank (read money shop) can charge more (or less) than its nearest competitor does not instill confidence in me as an investor. On the brighter side of things Forex does have its advantages. It is ultimately the fastest moving liquid investment in the world. You can realize a return in the amount of time it takes you to execute a sell order. There is no waiting., there is no fuss.
These days it is all done at the click of a mouse (usually about 4 clicks). Having said that, though, this is exactly what makes Forex so volatile. The speed with which the market trades is breathtaking. Whole fortunes can, and often are, made (and lost) in a matter of moments.

Another good thing about Forex, although one you must condition to, is the fact that there is no trading on weekends. This means that, Monday to Friday (U.K time) the world of the money brokers spins around and around. As soon as the markets close, just like the stock markets, that is it. Nothing more happens until a full 64 hours passes. As soon as trading begins there is a huge flurry of activity for half a day, taking into account all the national and international events, and then things settle down for another 4 and a half days.
Another thing I like about Forex is the fact that there is very little, or no, actual insider trading knowledge.

There can't be, due to the market conditions and the lack of a singular organizing body. Forex, in this respect, represents a truly global secret profit and loss equation which no one person can ever control, fathom or exploit. This, I find, unique to forex like no other market.
You cannot say the same about stocks, property deals, any type of business venture or anything else. If you look hard enough, for long enough, you can always find something useful about what is going to happen next in every market, except forex.

So there you have just a few of my thoughts on the forex market. For me, I like things that always pan out so forex trading just isn't my cup of tea. I am far better to find a free business system I can implement for very little, which has the prospect of huge returns, and is easy.

High Flying Stock: L International Computers, Inc. The Next DELL?

L International Computers, Inc. is a publicly traded company on the pink sheets under stock symbol LITL. According to a recent press release, the company designs, manufactures, markets and distributes high-performance, opulent PC/Windows© laptop, desktop, workstation and server computers.
Further, the company states it also produces the largest and most spectacular personal & professional visual displays as well as ultra-high performance software, peripherals, and personal electronics technologies.
They claim to be the "absolute and no-contest highest performance/upper-class hardware solutions
provider, at any given price point". Could they could be the next Dell?

On August 10th, 2006 the stock of L International Computers, Inc. closed at $0.29 with no volume. On August 31st, 2006 the stock traded as high as $1.85 and closed at $1.40 on more than 10 million shares.
Why all the investor excitement?

a) A press release issued on September 1, 2006 announces its next-generation PuRam-Go™/PuRaid™ Ultra-Portable High-Speed Solid State Drive Technology.

b) A press release issued on August 30, 2006 announces the Metropolis as the World's First 19 Laptop Computer Featuring Nvidia's Quad-SLI Technology; High-End Graphics, Gaming and Professional Visual Computing to Be Freed from the Desktop Box.

c) A press release issued on August 23, 2006 announced that L International Signs $45m European Distribution Agreement; Breakthrough Deal Solidifies Corporate Global Marketing and Sales Strategies.
Great press releases, but is there any substance? Perhaps investors should be focused on the following items:

a) According to various trade journals and articles, the company originally launched its technologies in 2003. We have been unable to find any financial statements indicating their sales, profits or losses since that time. The company states it will release financial statements sometime during the next few months. As a pink sheet company, they are under no obligation to provide investors with updated or accurate information.

b) In an article published on October 14, 2004, the company was quoted as saying: "We are no longer in a position, from a financial standpoint, to continue doing business and are regrettably forced to suspend our operations and liquidate our assets in support of our financial responsibilities."

c) In a call made to the company earlier today, the company acknowledged that it had shut marketing down about eight months ago due to technology upgrades and plans to re-open in about three to four months.

d) Who is Microscan International? They allegedly placed a $45 million order to buy product from L International. However, a quick google.com search yields absolutely nothing about them, not even a website.

e) While the company states that it manufactures its own technologies with employees working from its corporate headquarters, it seems that the address of record is in fact a mail box at The UPS Store in Santa Barbara, California.

f) The stock of L International Computers, Inc is traded on the Pink Sheets and has been actively promoted via stock spam. Interestingly, a message posted by Pink Sheets LLC on PinkSheets.com indicates that they have removed stock quotes from their website until the company makes current information available to the investing community. Furthermore, they suggest that investors use care and due diligence in their investment decisions as companies that engage in promotional activities without supplying adequate current information are often the subject of fraudulent activity.
The company reports there are approximately 100 million shares outstanding. Is this company worth $150 million? Investors beware.

How The Matrix Will Boost Your Forex Profits?

Perhaps you remember one of the most impactful movies of our time, the Matrix? Morpheus believed totally in Neo to the point where he almost sacrificed his life to save him. Yet Neo did not believe in himself at the beginning, he was most uncertain about whether he was the One or not. So when he went to see the Oracle, she told him that being the One is like being in love, nobody tells you that you are in love, you just know it. The Oracle pointed to a sign hanging on the door: “Know Thyself”…
Still Neo didn’t believe in himself but when agent Smith captured Morpheus and a member of his crew suggested to pull the plug so the agents of the Matrix won’t get access to Zion, something in Neo changed and he began to believe…

A little further down the path of the One, Neo “accomplished miracles” because he learned how to believe in himself fully and completely. And remember Neo had a mentor who believed in him beyond any doubt and who taught him how to use his mind to defeat the Matrix and its dangerous agents. Neo’s mentor, Morpheus, showed him the path and helped him empower his mind, yet Neo walked the path to his own success after he started believing in himself and mastered his own mind.
Perhaps you were wondering, yes and what has this to do with trading the Forex market?

“Know Thyself”

Forex trading or any trading for that matter is a mind game in the first place. Some people spend a lot of time and efforts perfecting certain trading skills and knowledge like reading the charts and data, entry and exit skills but any normally intelligent person can learn these skills, they are the easiest part of the trading game. They are no doubt necessary tools to your Forex success but they don’t make the biggest difference between a really successful Forex trader and the one who is not successful. So what does make the difference?

Let’s ask the question: what is your goal in trading the Forex? It is to make money. Period!
Surely while you’re making the money and great profits you can have fun too and you should but what you need are specific mental attitudes and strengths, that is if you want to be a successful Forex trader. These mental states are an asset that will help you in many other situations and contexts of your life.
As my Forex mentor told me, the major three mental and emotional frames of mind that characterize the majority of successful FOREX traders are:

1. Discipline & Passion

2. Confidence & Courage

3. Patience & Smart Persistence

We’ll touch upon all three briefly to make it as clear as crystal to you so you succeed in the Forex market.
Like trading a Pair of Currencies these mental and emotional mindsets go hand in hand.
Discipline & Passion
Discipline, say the most successful Forex traders, is really important! It helps you be more effective in planning your trades and in sticking to the good plans you established before entering the trade. Always have an action plan for stop and limit levels for the trade before you enter it, your analysis should cover up the expected upside and downside.

Passion means commitment and love for what you do. It is your passion for something that keeps you going, improving, constantly learning (willing to buy excellent Forex courses from experienced and successful traders, remember Morpheus mentoring Neo) and persist beyond the ups and downs of the business. You need to know why you are trading the Forex because it is an awesome opportunity that you have to take, so develop a passion for it. Simply do what it takes to be successful, learn from the best.

A word of Caution: Never mistake your “Forex passion” for emotion that you might feel while trading the Forex, when trying to enter a trade without using clear and sound entry/exit indicators and rules.
Have fun, learn, and stay tuned for future developments and grow as a person in strength and character in “your Forex business” while remaining emotionally detached when you get in and out of a trade. If you do, you are bound to incredible success in the Forex trading business.

Confidence & Courage

Successful Forex traders believe in themselves and their abilities to learn and grow, to acquire more competence learning from a mentor.
There is no reality only perception, the Matrix can trick you but you can have your own special Matrix inside your mind that empowers you with an unwavering belief in yourself!
Have the confidence and courage to stick to your plan and stay with your rules even if others are doing the opposite. Keep your vision (end result) that you can make it in the Forex market in your mind until you are successful in it.

If you experience a situation where you know exactly how a currency pair will go and have a sound trading plan, go for it! Sometimes people fail to follow their own good plans because all sorts of emotions get in their way, emotions like greed and fear. Stay calm and act with confidence and courage otherwise your planning, analyzing and information gathering will be totally useless to you.
You become more competent when you educate yourself about the markets and learn from successful traders. Self develop: “Know Thyself”, get into the habit of monitoring your emotions and questioning your limiting beliefs so that your mind works for you and not against you. Don’t take things too personally, if you make a mistake then consider it to be valuable feedback so you become more successful, never a failure!

Patience & Smart Persistence

An Indian wisdom says: “Life is always right!” we say: “the market knows much better than you do!”
Learn to listen and read the signs the Forex market is giving you. Learn how to wait, observe and only enter a trade when it is the right time to do so, before you can reap the profits.
It can be hard to wait before your Forex trading screen and not jump into action but The successful FOREX trader will enter a trade according to the direction of the prevailing trend or will wait until a new trend shows up and establishes itself. The waiting ranges from a few hours to days or even weeks before a winning trend appears.
even if you day trade and are not a long-term or position trader, you still are well advised to keep impatience from ruining your profit chances.

Also be patient means you stick with winning trades. But be most impatient with losing trades.
Practice “Know Thyself” and continue learning your Forex trading from the best and we are sure you will be a successful Forex trader. You will be on the path of Neo, the One himself!

Success On Forex Trading

To become involved in the wonderful and sometimes addictive world of Forex, you will need to have a strategy in place to succeed.
There are many forex trading strategies that will help you to push forward in the game, it is just a matter of going out there and finding one that works for you.

To begin with, look for websites that are uniquely designed to assist you with the practice of Forex trading online, it is wise to read our books and to consult with Forex experts about various forex trading strategies that might help you understand the Forex trading system a bit better. subscribe to as many forex newsletters, as well it's easy to find online forums that will help and you can take part in seminars where highly experienced Forex Mentors will explain the whole system and various strategies in detail. You'll need to practice some of the forex trading strategies with a demo account.

Follow and understand the daily Forex News and Analysis of the professional currency analysts. develop your catch-eye view of the currency markets and the news that affects the prices. what the key technical 'support' and 'resistance' levels are in the currency pair that you want to trade.
Support is a predicted level to buy (where currency pair should move up on the charts), resistance of a currency is a predicted level to sell (where the currency pair should move down on the charts). write down on a piece of paper what direction the analysts are saying about the major currency pair you are following and the key support and resistance levels for the day.

Probably one of the most important factors in forex trading strategies is to understand the forex charts in order to gain information about certain trends. Once you understand the way trends are moving and changing, and you are able to recognize and predict the patterns within these charts, you are well on your way to begin trading live account with success on the Forex.

Some Forex strategies are very technical and require practice (demo account) and understanding initially. Do not think that the forex is a way to get rich quickly. Initially, quick riches may not be possible as the exchange rate fluctuations will be slight, and it will take time for you to get the hang of it and make profits. You cannot win all of the time. By using some of ForexGuest trading strategies you will win more often than not.
Learn how to use the technical indicators and always trade with stop losses! even in the demo accounts - get the habit to use the "stop losses" ,set your stop losses accordingly depending on your risk capital, and your strategy or the one you want to test.

When you are trading Forex, be disciplined and to stick to a plan. we Don't trade the forex by our "feelings".
learn how to use the technical indicators on the charts, Choose an online forex firm, Pay attention to those who are offering the traders Low Spreads which will save your money.
Most firms offer 4-5 pip spreads in the Major Currency pairs. In Forex Trading the 'spread' is the difference between the buy and sell price of any given currency pair. remember that You need a firm that gives you access to the best charting and technical analysis available to active traders, and even allows traders to trade directly on the charts!

One of the forex trading strategies that you can start with is to learn which markets or trends to target. After learning a little bit more about the forex, you should be able to choose a market or trend that is more likely to be profitable. Be careful not to put all of your cash into one trend though, Rather put smaller, more logical amounts of money into different trends so that you have a better chance of at least some of your investments profiting.

If you have any doubts at all about the forex trading strategies and trading on a specific trend then listen to your instincts. You should feel 100 percent comfortable with everything that you are trading on and not have any hesitations at all. If you don't feel comfortable, then make sure you learn as much as you can before you begin trading.
Information is the basic to all successful trades, and the more you know the higher your earning potential.
To Your Success

Scalping the Forex Market - Does it Work?

If you are not familiar with the term Forex scalping it is a strategy used in trading where the profits come from very small changes in the prices. They are normally very short-term strategies that may even be as quick as a blink of the eye.

Many of the Forex traders that use the scalping strategy have targets that are pre-determined as well as placing stops before the actual trade in the market. Keep in mind this type of strategy is very demanding and challenging. You need to be able to constantly monitor prices, have a great deal of concentration and be able to make quick decisions.

In order to use it correctly scalping requires a vast knowledge of trading along with technical analysis skills. The basic way of adding a drastic amount to your account in the least amount of time is by using high leverage. But using only reasonable leverage in the beginning and increasing it as your skills improve is always a good idea. An inflexible stop loss is good to use so you do not blow your entire account within one or two trades.

When you are doing your calculating always do them on the worst possible outcome to evaluate the odds of your account lasting for longer than the first few trades. Most novice scalping traders attempt to increase their profits by using all of the capital at once, however, this also means taking an increased risk.
Scalping can be intimidating for new, inexperienced traders and is best suited for the traders that have solid Forex trading experience and skill.

Forex Basics - What You Need to Know Before You Start Trading Forex

Forex is an abbreviation of Foreign Exchange, also referred to simply as FX. Forex can also be referred to as the largest financial market in the world because that's what it really is. The volume of transactions that take place on Forex dwarfs the volume of transactions of the US stock markets quite considerably.
The Forex market is the place where currencies are being traded, meaning it is the place where currencies are being sold and bought. Currencies are money that is used as an exchange medium. They can be thought of not only as the goods you are buying, but also as the method with which you're paying for these goods.
Trading currencies means that there are always two simultaneous transactions taking place. If one currency is being bought, another one is also being sold. In the Forex market all transactions occur in real time.

The Forex market is open 24 hours a day, five days a week. Nowadays trading takes place electronically, its activity being centered in four major cities: New York, London, Sydney, and Tokyo. The Forex market is open to individuals over the age of eighteen.
People trade one currency for another in order to make a profit off of this transaction. Profits are made when one is able to predict which currency's value will increase by the end of a set time period. Such periods may be short or long, lasting from minutes to hours to days to months.

While Forex trading may be daunting at first, it really isn't any more challenging than trading in stocks. It can be easily comprehended without any prior knowledge of finance or economy. Before you start trading it, you need to learn its basics, the most rudimentary of which are provided below.

1. Trading in Forex means trading in currency pairs and takes place by exchanging one element of the pair for another.
For this reason, currencies are quoted in pairs. For example, the pair of U.S. Dollar and Japanese Yen can be quoted as USD/JPY equals 105.53, which means that 1 USD can buy 105.53 JPY.

2. The first currency listed in a currency pair is called the base currency. The base currency is usually the U.S. Dollar. Traders generally trade the U.S. Dollar against another currency, which is called the counter currency.

3. When the quote increases, it implies that the base currency has risen in value and the counter currency has weakened in value. For example, if the USD/JPY quote used to be equal to 100.33 but is now equal to 105.53, then this means that the dollar has strengthened because 1 USD can now buy 105.53 JPY as opposed to the mere 100.33 JPY it could buy beforehand.

Chart Patterns - Wedges, Flags and Pennants

The following three chart patterns are amongst the most powerful indicators of potential forex movements. However, these chart patterns and the relationship to volume cannot be overlooked.

Wedges.

The wedge formation is similar to the symmetrical triangle pattern where it also has converging trendlines that come together at an apex. The main difference with wedges is that they are identified by a noticeable slant, either to the upside or to the downside. As with triangles the volume should be diminishing during the patterns formation and then increase on its breakout.

Falling Wedge

A falling wedge is considered bullish and is usually found in uptrends and it's worth noting that they can also be found in downtrends. This pattern is distinguished by a series of lower tops and lower bottoms as the movement progresses.

Rising Wedge

A rising wedge is considered bearish and is usually found in downtrends and can be found in uptrends. Rising wedges will have a series of higher tops and higher bottoms but in a proportionately diminishing amount - hence the wedge shape.

Flags

Flags and pennants are known as continuation patterns and represent brief pauses in a dynamic market. They are often seen after a large, rapid move. After a pause the market usually takes off again in the same direction. Research has shown that these patterns are some of the most reliable continuation patterns in technical analysis.
Bullish flags are distinguished by lower tops and lower bottoms and the pattern is usually slanting against the trend. Unlike wedges, their trendlines run parallel.
Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags will slope against the trend and their trendlines also run parallel.

Pennants.

Pennants look like symmetrical triangles but are typically smaller in size in volatility and in duration.

Rectangles.

Rectangles should be traded as continuation patterns.
They represent areas of market indecision that are usually resolved in the direction of the trend.
Trendlines run parallel in a rectangle. Supply and demand with this pattern indicates a balanced market. Buyers and sellers also seem equally matched. The same 'highs' are constantly tested as are the same 'lows'. The market vacillates between two clearly set parameters. As with other continuation patterns volume of trading increases substantially on breakout.

Volumes.

While this isn't a trading pattern as such - its importance cannot be understated. Chart patterns should also be interpreted in relation to the volume traded to validate a potential movement.
Volume is simply the number of contracts that are traded over a period of time. Volume is used as a trading indicator when patterns don't seem to 'neatly fit' into the aforementioned categories. It is simply another tool in the traders' arsenal to try to determine the reliability of a potential pattern. For example a breakout from a bullish flag may be apparent at first glance but volume may have decreased which would indicate that the pattern is not yet complete with further swings to come before the real breakout occurs.

Volume tends to follow the trend - up days = stronger price increases v's weaker falls, with the converse holding true. This is why reading the volume as an indicator adds extra strength to pattern interpretation.
Therefore if volume starts to diminish in an uptrend a trader can interpret this as market topping for a reversal pattern. Thus a trader would then look for classical reversal pattern structures such as a top head and shoulders!

Traders also are familiar with volumes being sticky in the low end when their is indecision. A lot of this has to do with traders waiting for the move to occur before taking a position - thus the market trades the ranges. Under these conditions the market is often stimulated by external factors such as news reports.
Chart patterns, volume and technical analysis all have some forecasting qualities but none are foolproof. When they are used together with experience they can be very helpful in your trading and investing. They should only be looked on as tools to try and establish a markets bias or trend.

Technical Or Fundamental Trading - Where Should We Stand?

Generally speaking, there are two camps of believers among forex traders. Some believe the best way to trade is to exclusively follow technical trends, while some others believe trading decisions should be based on fundamental trends. Anyway, what is technical trading and what exactly is fundamental trading? Technical trading is the art of taking forex trading decisions on the basis of the chart patterns, indicators and price actions as seen on the broker's platform. While fundamental trading on the other hand is taking trading decision based on economical data, events, statements and general speculations. Now the question is which of the two trading styles is safer and more sensible to use. In order to take an informed decision, let's look at the pros and cons of each of the trading styles.

To start with, market directions and moves are actually driven by the news. So they are real time indicators of price movements. However, there are a number of downsides to fundamental trading:

1. Volatility: Trading the forex market during news or data release period could be very difficult due to the level of price volatility at this time. Very often the price of the affected currency pair is driven up and down like a boat caught in the raging sea because the trading volume as at then is usually low. Institutional traders and other large volume professional traders normally step aside so they can take their time to figure out the implications of the figures and their risk outlook. In fact, usually, the market would already have priced in the data before you get the figures from the traditional sources, so slippages and whipsaws are also common at this time.

2. Subjectivity: Another reason fundamental trading may not be advisable is that economical data are often subjected to subjective analysis: There are usually multiple perspectives by market players. For instance, even when the non-farm pay roll actual data exceeds the forecast significantly, some analysts will sometimes compare that with unemployment rate and some other labour data before they make an inference.

3. Complexity: The global economy is so interwoven that the economic situations of various nations have effect on one another. This makes the situation complex because it is not enough to focus on the data that directly affects the currency pairs you are trading alone. This is apart from various statements and events that complicate the issue.

Conversely, technical trading is the logical means by which the pattern created by the complex market psychology is traded. The major downside to this trading style is that you don't get to have a broad outlook and logical explanations for price movements. However, technical trading has a load of advantages:

1. Technical trends, patterns and indicators unlike their fundamental counterparts are not virtual; they are easy to read and follow, even for a novice trader.

2. With proper understanding of time frame analysis, it's easy to know what the market has been doing, what it's doing right now, and exactly where and when to get on board.

3. Technical trading affords you the privilege to determine when a particular trend has reached the top or bottom. Similarly, through the knowledge of technical pattern, it's easy to know if what you have is a continuation pattern, a correction, retracement e.t.c. You can also know precisely how far a move will advance, and sometimes you can tell when a move will begin.

We could go on and on about technical trading, but I believe you'll agree with me that it appears to be the better way to trade. However, it's best not to totally neglect any of the two styles. While we could spend a substantial part of our trading time watching the charts, it's also very good to keep an eye on the news releases, speeches, and events to ensure we don't have a myopic view of the market. In fact, in my experience, the chance of having a successful trade significantly increases when both the technical and fundamental indicators are in harmony.

Day Trading Strategies

Day Trading Styles

There are a number of day trading styles that make money in the market. This article provides an overview of multiple day trading strategies that professionals use to make money on a consistent basis. This article will contain the pros and cons of the following day trading styles: (1) breakouts, (2) scalp trading, (3) counters, and (4) trend following.

Day Trading Breakouts Overview

Breakouts is the most common form of day trading styles. It involves identifying the pivot points for a stock and then buying or selling short those pivots in hopes of reaping quick rewards as the stock exceeds a new price level. Breakouts is generally the starting place for newbie traders as it provides a clear entry level and it is a trend following system.

Pros of Breakout Trading

Breakout trading has the potential for quick gains. When key price levels are exceeded it will trigger stop order which gives that initial burst. The key component of a valid breakout is that volume and price accompany the move. This will increase the odds of the trade continuing in the desired direction. Breakouts are also easy to identify. Most trading platforms provide methods for tracking volatile stocks and how close they are to their daily highs or lows.

Cons of Breakout Trading

Breakout trading is by far the most challenging form of day trading. For starters, the levels where trades are placed are the most obvious to everyone regardless of their trading style. Think about it, no matter what system you use on a daily basis, every day trading system factors in the highs and lows of the day. Secondly, the vast majority of intraday breakouts fail. This doesn't mean they don't head higher a day or two later, but if your day trading and there is no instant follow through, odds are you are in a losing trade. Day trading breakouts requires the most discipline as you have very little time to make the call as to whether you are wrong or right. The inability to pull the trigger fast and consistently will mount in to huge losses.

Scalp Trading Overview

Scalp trading is a day trading style where a trader looks to make small gains throughout the trading day. This day trading style suits people who love "action" in the market.

Pros of Scalp Trading

The obvious benefit of scalp trading is the fact you are looking for very little from the market. Another plus is that stop losses are very tight. This will allow the day trader to avoid the monthly "blunder" trade that we all have put on one time or another.

Cons of Scalp Trading

Scalp trading like any other form of trading requires discipline, but due to the large number of trades one will put on during the day, it requires an enormous amount of focus. This "all day focus" can make the trading day a tense situation and can lead to high anxiety for the trader. Also, people go into the business of trading for unlimited earning potential and the idea that you do not have to slave away at a desk all day. Well if you plan on scalp trading, kep a bottle next to your desk, because bathroom breaks are considered a luxury.

Counter Trading Overview

Counter trading is when a trader looks for a pivot point, waits for that pivot point to be tested and trades in the opposite direction. This type of trader has a personality where he or she enjoys going against the grain.

Pros of Counter Trading

Counter trading has a high success rate for day trading. Ask any seasoned trader and they will tell you that intraday trading is nothing more than constant head fakes and lies. So, the counter trader is already up in the odds department, because they are going against what the market is telling them. Another plus for counter trading is that when the market fails it often fails hard. Day traders who are able to play morning reversals can make a great living only trading the first hour of the day.

Cons of Counter Trading

While counter trading has a high win percentage, the losers can bring destruction to an account. Even if you win on 4 counter trades, if you do not cut the loser fast, a breakout could run away from you in a hurry. Another downside to trading counter is the next pivot level is too far from your entry, so you will have to set some arbitrary stop limit. Since your stop is not based on an actual price point on the stock, it could get hit quite often. Lastly, setting your price target is also a challenge. Stocks will often appear to make a double top, only to change course just as fast and reclaim the recent highs.

Trend Following Overview

When most people think of trend following, the first thing that comes to mind is a long-term hold buy and hold strategy like the Turtle System. Believe it or not, there are day traders who utilize trend trading systems. The basic method is to look for stocks that are up big in the news and then buy the pullback on these stocks after the first reaction in the morning. Lastly, the trader will place a longer moving average (i.e. 20) and sell the stock if it breaks the line.

Pros of Trend Trading

Trend trading allows the trader to ride a stock for big gains. The day trader will have a limited number of stocks to trade per day, so the commissions are low for this kind of day trading style.

Cons of Trend Trading

If every trader was able to determine which stocks are going to trend all day, there would be a new millionaire created every 30 minutes. No one knows at 10 am, which stocks are going to trend all day long. This means that at best, a trend following day trader can hope to be right 20% of the time. While this trader could still make a killing with such a low win rate there are very few traders that can stick to their trading plan with such a low win rate.

Summary

Every trader is responsible for his or her success. Day trading can be a great money maker, but without a sound trading plan it can push you to your mental limits. The first step in becoming a successful day trader, you have to determine which style of trading best suits your personality.

Currency Trading Strategy - How To Use The Fib 127 For Consistent Profits

A solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time.
Many newer traders set too ambitious profit targets expecting the trade to be "the big one" and hoping it will help offset the losses they have accumulated.
However, a far more effective currency trading strategy is to set a reasonable profit target each time, not expecting the home run, and being satisfied with smaller profits which on a consistent basis will build the equity in the account surprisingly quickly once the compounding action kicks in.
Here is where the Fibonacci tool comes in.

This article assumes a trader knows how to use the Fibonacci tool which comes as a standard technical analysis tool on most charting software packages.
While the key retracement levels are 38, 50, 62 and 70 percent, two extension levels are commonly used - 1.27 and 1.62 percent.
The Importance Of Fib 127
It is the 1.27 level we are interested in.
Why?
Because price regularly gets to the 1.27 level, or at least within a few pips of it. Price also gets to the 1.62 level fairly often but not nearly as often as the 1.27 level.

So if you are trading with the trend, always a safe currency trading strategy, and price has pulled back to the 50 or 62 retracement levels, there is a very reasonable chance price will reach the 1.27 target.
If price pulls back to the 79 retracement level it may not go so far. If you trade from that retracement, you will want to take the first profit at the end of the swing as price may not extend beyond that point to the 1.27 or 1.62 level.
Some traders just focus on this currency trading strategy when going with the trend:

• In at the Fib 50 retracement
• Out at the Fib 127 extension

 Why is this such a sound currency trading strategy?

Because the Fib 38 retracement level does not offer such a good risk reward ratio many times. There is always the risk price will pull back further and take out your stop.
On the other hand, price frequently fails to reach the 62 or 79 retracement levels so the trader is left on the sidelines as the trade fails to get filled.
The 50 level is frequently reached so the trader has a good chance of getting his order filled.
On the other hand, the 127 extension is not too ambitious. In at 50 and out at 127 will often net a profit of somewhere between 25 and 40 pips. With a 20 to 25 pip stop the risk reward ratio is satisfactory.

How To Use Fib 127

Here are some other factors to consider when using the Fib 127 extension:
Look to see if this level coincides with other factors such as

A previous key level of support or resistance on the higher time frames such as 1 hour, 4 hour, daily, or even weekly. 

 The 200 EMA (Exponential Moving Average) on the 1 hour or 4 hour. This often provides quite a strong level of support and resistance.

A pivot point (Central Pivot Point, R1, R2, S1, S2, or M1-4 levels ) calculated from the previous day's High, Low and Close.

Even when targeting the Fib 127 as the profit taking point, it is wise to trim a couple of pips of the limit order. So often price will nearly reach Fib 127 and pull back.
Yes it might go on to touch it later but in the meantime price retraces and you have to have the mental stamina to be able to handle that.

Many traders would rather just take a slightly smaller profit and save themselves one or two hours of price consolidation with the risk they may lose the profit altogether.
A solid currency trading strategy develops over time. A key ingredient is not being too ambitious. The Fib 127 extension level is a reasonable profit target you can use regularly to extract your wages from the Forex market!

Forex Trading Software is the Foundation of Successful Trading

Improvements in forex trading software in recent years have made trading not simply a great deal easier but also a great deal more profitable, especially for the newcomer to the world of foreign exchange trading.
Today there are two different types of trading software in use - 'service-side' software and 'client-side' software.

Service-side software is operated by a broker and you use the software by navigating to the broker's website and logging in to your forex trading account. The great benefit of this type of trading software is that your broker is responsible for installing, maintaining and updating the software and you do not have to worry about any of the technical 'back-end' problems. On the other side of the coin however you are also restricted to using this software as it has been configured and do not have a great deal of flexibility in how you operate it.

Client-side software by contrast is installed on your own computer and you can mix and match different software package and configure them to work just as you like. You do however have to install them yourself, or have someone install them for you, and will also have to configure, maintain and update them.
For most novice traders service-side software is the obvious choice and you can move on to client-side software packages as your level of knowledge and experience permits. The most important thing however for any trader is to pick the software which provides you with the information you need and does so in a way which is easy for you to find your way around and trade quickly and efficiently.

Trading software must for example give you an overview of the market so that you can spot trends and opportunities as they arise in real time and then allow you to focus in and receive detailed information on particular currency pairs with constantly updating real-time prices, as well as historic price data. It also needs to allow you to follow the movements of several different currency pairs at the same time and to open and close trades at the click of a mouse.

Most important of all your software must provide you with the tools that you need to analyze the market and, nowadays, perhaps the most powerful of these is charting software. Almost all traders today rely heavily on technical analysis to predict future currency movements and the currency chart lies at the very heart of technical analysis.

One other very important consideration is that of security. Security is an important issue whenever money is concerned and this is especially true when you are working over the Internet. Any system which you use for trading must be operated in a secure encrypted environment and the system must be fully protected and continuously monitored.

Finding the best forex trading software system is not easy and will take you a bit of time. It is however the main tool of your trade and so do not simply accept the first system you come across and work with it, good or bad. Look around, seek advice and find a system which suits you and which helps you to make money, rather than frustrate you in your efforts.

Currency Swing Trading System - A Simple Route to Forex Profits

If you want to get started in currency trading, currency swing trading is ideal. Here is a simple, easy to understand swing trading system to help you trade currencies for profit.
Swing trading is based on sound logic, unlike forex scalping or day trading which is the route a huge amount of traders go and lose.
Forex day trading and scalping doesn't work, because volatility in short term time frames is random, so you can never get the odds on your side.

Currency swing trading though involves using valid data of around 2 - 7 days which is valid and is based on the following logic.
Markets move to the following equation.
Fundamentals + Trader Perception of = Price
It's not the facts that are important; it's how traders perceive them that is.
Traders will always push prices to far away from the fundamentals, when greed and fear take hold.
Prices then become overbought and oversold in the short term and by executing trading signals against these overbought and oversold levels, the trader can make a profit, as prices return to more realistic levels which are in line with the fundamentals.

These price spikes are easy to see on a forex chart.
The trader can use the following method to take advantage of opportunities.

1. Look for a price spike
You are looking for price spikes, that make the market overbought or oversold in the short term and look for a level you think will hold.

2. Use Momentum Oscillators
These will show you when short term prices are overbought or oversold.
We have discussed them fully in our other articles. Some excellent ones to use are - the stochastic, RSI, ADX AND MACD.
 These are visual indicators and you don't need to know the calculation, just look at the visual set up.
When currencies become over bought or oversold, you look for a price change in the opposite direction, supported by momentum changing in the direction you wish to trade.

3. Stop and Target
When you get the chance to execute your trading signal, put your stop behind the area of support or resistance you are trading into.
You then need to look to take your profit early if the price moves your way and do it, just before it reaches an important level in the other direction.
You should always take your profit early, before other traders do, as this keeps the odds in your favour.
The above is simple to do and can make big profits.
Currency swing trading is ideal for novices, as it's easy to understand, you get plenty of action and of course, it can be very profitable.
If you want to make big forex profits a currency swing trading system can do it for you. Make swing trading part of your forex trading strategy and it can give you big long term consistent profits.
Try swing trading in currencies and you maybe glad you did.

Forex Tracer Review - Just Another Hyped Up Product?

The Forex Tracer is one of the popular Forex trading platforms that you can find in the trade right now. But you should not get this piece of software just because many traders prefer to use this. The wise thing to do is to check out a Forex Tracer review so that you can see for yourself if this does have the features that you need as a trader.

One great thing about this software is that you do not really have to be the expert trader to use it. Of course, it would help to have as much background on Forex trading before you do start using the software. Still, it is nice to know that this is not a requirement of sorts at all. This is because the software has an autopilot interface that can help you operate it the way you should. All that is really needed here is a reliable Internet connection. By reliable, this means your connection has to be fast and strong, so you have to aim for DSL or broadband here, and not just your typical dial-up. If you do not have any plans of going broadband, then better skip getting the software. You would not be able to work the software to its optimum level if you plan to use just dial-up.

Another great thing about Forex Tracer is that this was developed by mathematicians who specialize in complicated algorithms. Though not much information is really out there about the developers of Forex Tracer, you can rest assured that this was indeed developed by competent people. This pretty much explains why the platform has a lot of impressive and equally useful features.

Forex Tracer was even tested, and this test period was quite long. During the test period, the application underwent so many changes to incorporate a stronger and more secure platform for Forex trading. All possible market conditions were also simulated during the test period. The application did quite well during its test run, earning roughly between 25,000 to 330,000 in US dollars. It even garnered an average consecutive winning trades of 19. And this was during the test run!

Forex Tracer also provides a demo account, which is very useful for the beginners in the trade. With your demo account, you can start trading without having to worry about losing any money. This is one great thing that any Forex Tracer review would never fail to mention.

Forex Strategy Guide

Forex trading can either be an extremely profitable or extremely depressing experience, depending on how you go about it. Here are a few general forex strategies to abide by should you venture into the exciting world of forex trading.

1. Don't Gamble
Gambling is a lot of fun... except when you lose money and lose money you will if you just trade on 'gut feeling'. In a sense, forex trading IS a lot like gambling only with forex, you can tip the odds in your favor provided you do sufficient research.

2. Never risk more than you can afford to lose

Ideally, you should only trade with 2-3% of your account. It sounds small, I know, but over time that 2-3% compounds into a very decent amount, that is, provided you make the right trades. You shouldn't even think about trading a big percentage of your account unless you really know what you're doing - just the fact that you're reading this guide makes it safe for me to assume that you're not quite there yet.

3. Trade without emotion

When you design a trading system, stick with it no matter what. The most common mistakes when people trade with their emotions is to either add more money to losing trades to chase their losses or pull out early of winning trades to 'quit while they're ahead.' In the long run, this is not a good practice.

 4. Follow the trend

The general rule of thumb in forex trading is to follow the trend unless you have a good reason not to, this analysis of trend is known as technical analysis, which brings me to my next point.

5. Craft a trading system to suit your particular style

Some people prefer trading with short term trades using technical analysis. For technical analysis, I highly recommend investing in some sort of forex signal generating software, it's worth it. Others, by contrast, prefer trading with long term trades using what is known as 'fundamental analysis'. Generally speaking, this involves a considerably broader analysis looking at things like the overall strength of a country's economy and the factors that might influence it in the future. Needless to say, this involves a considerable amount of time and research. The best traders employ a combination of both technical and fundamental analysis.

6. Trade with a practice account to begin with

The forex market is a complicated place so you should always trade with a practice account before you risk real money. Wait until you're making a consistent profit (say, over the course of month or two) before you open a real account.
If you follow these general rules and expand on them, eventually you'll be making a consistent profit and, when you do, it will compound and that's when you'll be making big money. That's why the top forex traders make so much - the more money you make, the higher your income. Think about it this way: the forex market handles trillions of dollars, if you can get your hands on 1% or even .1%, you're basically set for life. So persevere and you'll get there eventually.

Forex Autopilot System - Why Do We Have To Use Forex Autopilot

Have you ever heard of Forex Autopilot? There are lots of attempt to create a software or system that will help trader to minimize risk and maximize their profits. All of this system has been promising a lot to the new and expert trader alike. The truth of the matter is quite simple however, if you want a solution , all you need is a system that can identify and predict trends accurately and act upon them with precise timing. This is the core of successful currency trading and it is based on what is known as the Fibonacci formula. With the onset of the computer age and sophisticated trading software, novice traders can drastically shorten the time it takes to profit from FOREX trading. One great way to do this is by using a forex autopilot system or forex robot. It is a completely automated currency trading system which identifies trends in the market and make trades for you automatically. The better FOREX trading robots will be able to maximize profits for you by picking entry/exit points based on sophisticated algorithms. Some come complete with money management tools that will compound your account automatically for you while minimizing risk.

If you plan to invest your money through FOREX autopilot system, you need to do some searching. Some automated system charges you around $65 per month to use their program. Other than that, a minimum investment is required to participate in forex trading robot. However, forex trading system can reduce risk and improve over all system performance. Before you try on anything or decide to purchase a forex autopilot system you should consider the following:

1. You have to be sure that there is a free trial. Most of the forex autopilot system are offering free 8 weeks trial for you to see if the forex robot you purchased really work.

2. See if you can start with their demo account. This is really good specially if you are just new in the forex trading arena. Having a demo account allow you to trade even without investing any money. In this way you will see the performance of the system without risking any of your hard earned money.

3. Be sure that they are offering training, a video and helpful information on forex trading. Most of the trader failed because they don't even know what they are doing. To be able to ensure profits, you must first start educating yourself. In this way you will know the pros and con of your action.

4. Make sure that the system that you have works in any trading platform. Trading platform is very important in forex market. It has a big contribution to the failure of a trader, the same thing with the forex signal.

5. Take note if the system has their own money back guarantee!
Maybe, you can have a better understanding of forex autopilot now. I hope that you can be successful in the near future. Deciding to choose from the different robot system is very difficult but if you will going to use the simple step I was mentioned above, I know you will find the system that fits your trading needs.

Online Trading - Breaking Through Trading Distractions!

In my opinion, the second biggest challenge that you face in your online forex, stock commodity or futures trading is distraction.
Now, I say the second biggest challenge, because the first challenge is to know what the heck you are doing in the first place! Frankly, if you don't know that- and most beginner and many intermediate level traders really don't- then you're going to need all the distractions you can get to keep you away from the markets so that you don't keep losing your money!

However, assuming that you do know what you are doing in the markets and have a sound plan, then the next major challenge that you face is distraction. It goes back to what we have discussed about the need for mental focus. However, the issue of distraction is wider ranging. When we spoke about focus, we were talking about the need to focus within all the vast variety of choices available to you in the trading world.

With distractions, the issue is much wider and potentially worse still. Here, we are talking about literally everything that can distract you from your online trading. If you are a private trader working from your home, this can be an endless list; the postman, your cat, the need to get some bills paid,the shopping,the fact that it's a sunny day and you'd rather be outside,surfing the internet, checking your email, the telephone, odd jobs around the house, and so on. If you are in this position, I am sure you can add to the list.
Even if you are an investment bank trader, there are still plenty of distractions. Some of the above- email and the internet for example still apply- and there are others. Chatter from your colleagues, meaningless bullshit meetings that you must attend and are not allowed to get out of, the endless stream of media "information" and more.

At least for the institutional trader, it is understood that trading is a business. It is literally his/her job. There is daily accountability involved and it cannot therefore be mistaken for a hobby and treated as one. However, for the person working at home, this is a much easier mistake to fall into, especially at the very start, when you may not have decided upon your trading routine.
Speaking personally, I have to say that distraction is something that I have a big problem battling against, since I do operate from home. The problem is that if your mind is not totally focused upon what you are doing in the financial markets, and getting the process right, the margin for error quietly widens and things can start to go wrong.

The key point to come back to is that trading has to be a business, if it is intended to be your primary source of income for yourself and your family. If that is the case, then it is imperative that you treat it with the seriousness that it deserves. That means that even though you may be working for yourself at home, you need to impose some business disciplines that you would find in a standard office environment.
If at all possible, you should establish for yourself a separate room for your online trading. Wherever possible, you need to give very serious thought to closing the door to family and pets in order to concentrate on what you are doing. (Now, I know that this is hard because my two cats basically have total access to me, and I can't see that changing. But as the saying goes: do what I say, not what I do!)
Let's not forget that neither your friends, your pets, nor your family would have access to you if you were working at an office job somewhere, would they? Hence, closing the door closes out an enormous source of distraction.

Use effective time management principles to deal with other distractions. In other words, schedule other things that need to be done appropriately so that they do not interfere with your trading. Maybe you need to fix upon a time when you check and deal with your email once in the day, or at most twice, but you certainly do not keep looking at it every five minutes or so.

Do you know what constantly checking your email all the time is like?
 It's like going to your front door every few minutes to see if there is anyone there! Did you ever think of it like that? Well, if you would never do that, why check your email every 5 minutes?!
What's the big deal? Well, it takes time away from you focusing upon your business, which is trading, not email checking or chatting idly. When you break your focus, then it takes a certain period of time to restore it. If this keeps happening the whole time, your mind is working hard just to stand still, i.e. to keep getting back to where it left off last time.

That is why it is so vital to get this under control. If not, it is not the trading that is exhausting you, so much as the sheer amount of clutter that you have allowed to invade your own brain. They say that failing to plan is planning to fail. Hence, starting today, sit down and plan out what you can do to minimize the distractions during your trading day. Consider the email challenge. Consider too scheduling certain activities together, e.g. make all of your outgoing calls at the same time, when you go out to the shops, make sure that you get that post office visit done too. Try to handle pieces of paper that come onto your desk once, and don't keep coming back to them over and over again.

This is all about organizing you, and you are unique. Hence, it is impossible for me or anyone else to give you a list. You have to come up with it yourself, and then go to work to reduce the distraction to your trading. I've given you a broad hint in what we have been discussing, but it is ultimately down to you.
Remember, your online trading is a business, not a hobby. It will ultimately, if it is not already, be your primary source of income and that upon which your family depends. Hence, you owe it both to yourself and to them to get serious and to get professional, no matter whether you trade from home or on the proprietary trading desk of the biggest firm on Wall Street.

Forex Trading Methods - Scalping Vs Day Trading

It's best to go over some short definitions and descriptions of each of these two forex trading methods.

Scalping

Scalping is basically short period trading. These periods where a trader holds a position can vary from seconds to minutes. Scalping is effectively trading the minutest moves in the market for usually a small profit.
To give an example a leveraged trading account with 100,000 EUR/USD position will earn/lose $10 per pip movement. That means a small 3 pip movement either way will add $30 to or lose $30 of the traders deposit.

Even though effective scalping involves highly leveraged positions the exposure to risk is lessened to some degree by the amount of 'time' that a trader holds his/her position so large movements are rarer (but beware can occur).
Scalping is a popular method of trading practiced by 'newbies' thrilled with the cat and mouse game of the market and some traders make a good living out of it but most traders, in fact close to 90% either break even or lose their deposits.

An added factor to consider is that brokerage houses do not like scalpers. Why? The reason is simple. When a position is taken by a trader the broker has the opposite position and needs to cover that position especially if the broker feels that the traders position is the right one for market conditions. If the broker then covers that position and a few seconds/minutes later the position is squared then the broker has a currency exposure and brokers are companies that generally don't like exposure. Most make their money on spreads and trading against their clients positions. Those scalpers that make money consistently find that most brokerage houses terminate their accounts. That doesn't mean to say that it will happen immediately but when a trading pattern does arise of scalping don't be surprised if your broker 'divorces' you!

Day Trading

Day trading is not really referring to the holding of positions by traders for a day but is more descriptive of the type of forex trader that prefers to hold on to a position for a longer period of time than a few minutes at most. These positions usually last for more than an hour, few hours and in some cases days.
A day trader is a 'different animal' to the scalper in that he/she is more comfortable with exposure to the risk of larger currency fluctuations. It's not because they have fatter wallets it's usually down to having more experience and a different trading temperament.
The profit motive for a day trader is also different. A day trader will look for larger moves within a single trade and be aware of and use for example greater technical analysis to calculate the best entry and exit levels.

Brokers tend to prefer these traders as they can do two things, firstly trade against their client by covering their exposure and go the other way if they have an opposing view or square (net out) the position.
Again there are a lot of losers in the day trade market due primarily to inexperience and a 'gambling' mentality that many participants in the forex market have.
The people who consistently make profits understand the market through experience of trading and knowledge acquired and are persistent and understand forex trading methods that are available and in what situations to use them.

Money Making Opportunities Still Exist on The Stock Exchange and The Forex Market Even Today

A lot of people have very negative views about money making opportunities due to the current mood of depressed feeling about the economy.
In today's unstable economic climate, the serious downturn in the economy and predictions by top-ranking economists of a serious recession, is it still possible to make money on stock exchange
and forex market?
Is buying stocks and shares at the present time, when there is so much financial uncertainly, nothing more than a speculative gamble?

These are questions bothering a great many investors.
One regularly sees attractive, appealing and seriously tempting advertisements in the financial section of newspapers and on the internet, promising exceptional gains by investing either in stocks or shares, or on the forex currency market.
Most of these advertisements focus on financial advisory services that make use of computer programs - or what are known as "robots" - able to identify investment opportunities.
These computer programs, some websites claim, will make it possible for you to make exceptional gains in a short period. In many instances there are promises of even doubling your money.
In order to validate the claims, examples are given of shares that have doubled and even tripled in value.

Many of these examples referred to, where shares have soared in value, are what are commonly known as "penny stocks". These are very low priced, stocks, with a history of great volatility. They are very high risk stocks shares with an erratic history of earnings that often sell for less than $5.00 or $10.
If one examines the history of certain "penny stocks" over a period, one will find that many "penny Stocks" have in fact doubled and tripled. Certainly some lucky investors have earned huge sums of money through investing judiciously and shrewdly in certain very low priced stocks.

The secret in investing on the stock exchange has always been timing and the ability to predict which stocks are likely to rise.
With low-value "penny stocks", because of their extremely low selling price, the increases in value could be quite spectacular.
Predicting which "penny stock" is not a matter of guesswork, a "gut-feeling" or a hunch. It involves a scientific, mathematical analysis of a vast range of factors and facts.
This analysis involves an examination of such factors as the detailed study about the company itself, what it produces and markets, the structure of management, past sales figure and future potential for the product or service it offers.

Far more important, however, is the analysis of a variety of factors such as recurrent trends in price movements. This is a more complicated field and is the essence of what is known as chartist theory.
Factors like these can be analyzed best by sophisticated computers.
Examining the chart pattern of a particular share, for example, reveals important factors such as recurrent volumes, drops in price, then rebounds, then further drops to the same low price. This is an important indicator that the share has support at this low price.

Few investors have the expertise to be full conversant with the intricacies of chart analysis
To answer the question: "Is it still possible to make money on the stock exchange even in today's difficult economic conditions?" Yes, it definitely is. It can be done by investing shrewdly in the stock exchange, where some companies, particularly new companies with innovative, foresight and vision, are able to identify gaps in the market.
Money can certainly also be made in the forex market, where currencies at the moment are particularly volatile.

Forex currency investment, which involves assessing which currency is likely to rise or fall and is dependent on a huge variety of factors, requires a similar chartists approach to achieve success
To achieve success and make money it is of enormous help to make use of the services of skilled specialists, who have access to powerful, sophisticated computers and excellent software programs, able to analyze an enormous range of factors in seconds.

There is definitely money to be made in the Stock Exchange and also the Forex currency market, even in today's economic conditions. There are a number of excellent share advisory services that can assist you making the correct investment decisions.