With today's economical situation, everybody can use an extra source of income. The Forex Exchange market is one of the most profitable ways to gain extra money, but this only if you learn how to trade the Forex.
Forex relies on currency trading, and this is done twenty four hours a day, five days a week. This means that from Monday to Friday, a serious trader needs to know what happens on the market and how the currencies fluctuate twenty four hours a day.
As most traders also have days jobs, they cannot take the time to constantly check the market. This is where Forex software trading comes as a solution. These are applications that automatically trade for you, using complicated mathematical algorithms to determine when the best time to trade is.
Finding the best Forex software is not something easily done, as there are a great number of applications which all promise to give you a nice profit, but not all can deliver. Choosing the right application is a three step process. First you want to find something in your price range. Then, see if the manufacturer provides customer support - if they do not it means that they cannot endorse the product, so you should not waste your time with it. The final thing is to test the product on a demo account, to make sure your money are safe. Also, use this time to learn how to customize the program, since even the best software will not help you if you do not know how to use it to its full potential.
Article Source: http://EzineArticles.com/3933602
Learn How to Trade the Forex - Best Forex Software Trading
Getting Started In Forex - The Secret Of The Profitable 5%
Introduction
Ask any Forex trader how to trade Forex if you're just getting started in Forex and most of them will tell you: Learn how to trade on your own, go through the school of hard knocks and find your way eventually. Heard that before? The sad fact is, 95% of traders don't make money in Forex, so why take advice that will lead you down that same old path filled with frustration and disappointment? The truth is, anyone can learn a repeatable process for making a Forex passive income... and all it takes is 30 minutes of your time. By the end of this article, you will know the secret of the 5% who do make money, and how you can join them.
What Stops 95% Of Traders From Making Money In Forex?
I can tell you with absolute certainty right now that 95% of Forex traders don't know how to trade Forex profitably. That's right, 95% of everyone that you've ever encountered in a Forex forum, discussion board or chat room is bleeding money from their trading account right now. And yet the prevailing wisdom that you hear in these circles is still that you've got to learn how to trade Forex from scratch, paying your dues like everyone else until one day you magically "get it". The next time you hear someone tell you that, do yourself a favor by asking them if they are actually making money in Forex.
Talk is cheap, but free advice from someone who doesn't know what they are talking about can be very expensive to you if you choose to follow it. The truth is, most Forex "traders" don't know what they are doing at all! They jump from indicator to indicator, from system to system, looking for the magic pill that will cure all of their problems. Who can blame them? After all, these are good, honest people who work hard at their jobs, and want to do their best to provide for their family. They just don't have the time or energy left over after work to achieve the level of skill that it takes to make a consistent Forex income!
The Secret Of The 5% And How You Can Join Them
Learning how to trade Forex on your own is not the only way that you can start making money in Forex. Anyone who tells you otherwise is either lying or doesn't know any better. The truth is that all you need to create a passive income from Forex is a proven, profitable Forex trading system. The secret of the 5% of Forex traders who make a consistent Forex passive income is that they have a systematic process in place to earn profits from the Forex markets day in and day out. They know that if they apply the profitable process over and over again, then they'll achieve the same expected result!
When you're just getting started in Forex, there's really no way that you can come up with a proven, profitable Forex trading system on your own. If you choose to follow the "learn how to trade Forex on your own" path, then it will most likely take you 3-5 years to develop a proven, profitable Forex trading system of your own. I don't know about you, but I don't go out and take a medical degree if I have a cold. It's the same thing when it comes to trading Forex profitably: Not every one of us can become a skilled Forex trader earning millions in a year, but we can all leverage on someone else's skill and experience to profit from the Forex markets.
If only we could hire a professional Forex trader to do all our trading for us while we eat, sleep, play and work. Well, we can! There are Forex trading robots that have been developed based on the skill and experience of Forex traders who have survived the school of hard knocks, and we can literally achieve the same results by getting one of these Forex trading robots to do the trading for us. In fact, thousands of people are already quietly making a Forex passive income simply by running their Forex trading robots while they free themselves to do the things they really enjoy. So what are you waiting for, it's time to join the lucky 5% and start making some serious Forex passive income of your own!
I've been a full time Professional Forex Systems Developer since 2007. Forex trading is my passion, which is why I really love helping anyone to overcome their challenges and become profitable in their own Forex trading. If you're just getting started in trading Forex, or if you'd like to take your trading to the next level, I'd love to help!
Article Source: http://EzineArticles.com/6119248
10 Most Frequently Asked Questions on Forex
1. What is the best Forex platform?
There is no one way to answer such a question. This will of course depend on the trader, in accordance with his preference, knowledge, experience as well as what he intends to trade (which financial instrument). Many intermediate-experienced traders, especially when trading on the currency market, prefer to use platforms such as MT4 or C-Trader which are designed mostly for Forex trading, as well as CFD trading, and for someone with some knowledge of the trading market.
Others, more novice traders would prefer the use of such platforms as ones found from Easy-Forex, iForex, or eToro, where limited math/ computational knowledge is required for their use and are a lot more straightforward to use.
More advanced/ experienced traders, which may also prefer access to multiple markets would prefer to use such brokers as Interactive Brokers or SAXO Bank's SAXO Trader. Such platforms usually contain much more advanced charting/ analytical tools (although to be fair most analytical tools can also be obtained from MT4/ C-Trader) and also give access to thousands of instruments including Equities, ETF's, Swaps trading etc; and are designed with the ability to effectively allow traders to partake in such markets.
2. Forex Trader: What is the best way to do forex trading?
If you've looked into trading forex then you have most doubtable been exposed to all the various opportunities to make money and are wondering which is the best way to learn forex trading. First of all, the foremost thing I would advise is to get a Forex Education. There are countless material on Forex in the internet for newcomers as well as experienced traders - all you need to do is search. Spend some time reading up on how forex trading works, the concepts behind trades and how prices are impacted by economic and political conditions.
Secondly you must get some experience, if you want to learn forex trading, it's the only way. To begin with it is prudent for this to be on a demo account. This will give you a good technical foundation on the mechanics of making forex trades and get used to using a trading platform.
After having traded for some time on a demo account it is very important to also use a Real one, albeit with little investment amount - find a broker that will accept lower sized trades (0.01 lots for FX) so that you can get a real feel for the live market. It is a whole different game trading on a demo and real platform, due to the psychological effect that trading with real money has. Trading small will allow you to put your money on the line, but at little risk if you make mistakes or lose money.
From there, provided you are gaining more than you are losing, you should gradually increase your trading size and invested capital, always keeping in mind it should be an amount you can afford to lose and which you feel comfortable with.
3. What is the best forex trading software?
There are a number of Forex Trading software available, all with their specific advantages and disadvantages. Many trading companies have built their own platforms while others prefer to use, and in effect White Label, existing solutions which are commonly known within the industry.
To say which one is best would be invalid as this falls on the opinion of the individual user, however there has been a clear trend in terms of popular platforms, which have proven to be favored among both novice and veteran traders. These platforms are the Metatrader 4 and C-Trader. The former has been built primarily for Forex products, while the latter has been designed to accompany other instruments such as Equities and ETF's. Both platforms are easy to use and master and come complete with full charting and technical analysis capabilities.
4. Forex Trader: How can one be a good forex trader?
If it was to be summed up in one word, the key to a good forex trader is discipline. Yes there are many things to learn and know before you make any trades or get involved in the financial industry, but one thing that must stay consistent throughout is discipline. Discipline in learning, in making your first trades and in sticking with your plan.
The basics that all new traders should follow are:
- Learn about Forex - there is an abundance of material on the net. Spend a good 1 month learning. Study Technical and fundamental analysis. Your learning should continue well into your trading and be ongoing.
- Come up with a strategy - Set rules that will determine your trading pattern and how you will enter and exit the market.
- Practice on a Demo - Open a demo account and trade as if for real. Of course this will not be 'exactly' as if you were trading on a real, due to the fact that fear of losing would not weigh in on your decisions. Do not proceed to the next step unless you can make a profit on the demo first.
- Practice on a real account with small amount - Do this so as to be able to understand the difference between trading with real money and trading on demo. Do this with substantially a small amount, but enough so that you are concerned over losing it.
- Trade on real account with substantial amount - Do this with an amount you are 'comfortable' to completely lose. Even if your strategy worked on the demo and on a real with a small amount it may not continue to do so in future. Stick to your strategy (have complete discipline). If you see the strategy is failing, then adjust your strategy accordingly, but stick to it (to the pip) at all times once it has been decided.
5. Foreign Exchange Market: Is it possible for an amateur forex trader to make sustainable profits trading forex?
Many Traders have made a living off of trading Forex and some have had very wealthy returns which have allowed them to become self-employed and leave the 9-5 work behind them. All of these traders have 1 thing in common - they all started out as an amateur forex trader! No one is born with the trading know-how; it is achieved through dedication and discipline.
So Yes! an amateur forex trader can indeed make sustainable profits from trading forex. As long as he is willing to put in the effort and has the discipline to follow through with such a commitment then there is no reason why he cannot do what others have done before him in the same shoes.
6. Forex Trader: Who is the best forex trader?
There is no one best Forex Trader - or at least there is no clear way to measure this (is it the amount one has won or the % gained from it). Also as many of the top forex traders in the world do not trade with their own money but instead funds and Company capital, it means that different psychological and risk appetite conditions exist for different traders and as such makes it bias to compare such traders success with those who trade with their own capital.
The one thing to know is that what a lot of Forex traders do have in common is their appetite for success, their diversified portfolio and willingness to take measured risk.
7. Has anyone ever made money trading FOREX?
Yes! Not only have people made money trading Forex but many have made a livelihood!
Although the majority of retail traders would not have as much success as professionals would, this is largely attributed to poor money management strategies and lack of discipline in sticking with their strategy.
With 100% discipline and a good money management strategy, there is no reason why anyone should not have a good chance in making money from trading Forex.
8. Is FOREX the best way to invest money?
It is hard to say if it would be the Best as there are numerous ways of investing money and would largely depend on what the individual is familiar with; however it is one of the best, largely to the fact that unlike stocks/ housing market - an investor can make money regardless of the how the instrument is doing by both selling/ buying that instrument (or doing both - known as hedging).
In the Stock market it is only possible to invest in the success of a stock - however in Forex you can both buy/ sell a certain currency against another and hence there is always a possibility for profit to be made.
Also the fact that Forex is commonly traded on leverage, it allows Forex trading to become one of the most volatile and hence allows for higher profits (as well as losses) to be made - if traded correctly.
9. Foreign Exchange Market: What are the best forex blogs?
There are a number of locations on the web to find a great forex related blog, in fact many brokers have their own blogs also; but in order to remain unbiased I will recommend a non-broker blog. One of the most useful blogs for both novice and veteran traders alike is at babypips.com - there is a regular update on current market movement as well as an abundance of information and back-forth ideas being expressed.
10. Why do individual investors usually lose money in Forex?
The majority of retail investors end up losing money in Forex. In spite of the fact that they may receive the right training and educative material (or at least the same as some other successful traders may receive) many often fail due to bad money management rules and/or lack of discipline. The latter is the most often.
The hardest thing in Forex is not making the calculations or predicting where to enter, how much to trade and/or what your limits should be; it is sticking to your strategy and following through with 100% discipline.
Article Source: http://EzineArticles.com/8733032
What are Your Options Regarding Forex Options Brokers?
Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors who prefer to place orders through a live forex option broker.
The trading account minimums required by different forex option brokers vary from a few thousand dollars to over fifty thousand dollars. Also, forex option brokers may require investors to trade forex options contracts having minimum notional values (contract sizes) up to $500,000. Last, but not least, certain types of forex option contracts can be entered into and exited at any time while other types of forex option contracts lock you in until expiration or settlement. Depending on the type of forex option contract you enter into, you might get stuck the wrong way with an option contract that you can not trade out of. Before trading, investors should inquire with their forex option brokers about initial trading account minimums, required contract size minimums and contract liquidity.
There are a number of different forex option trading products offered to investors by forex option brokers. We believe it is extremely important for investors to understand the distinctly different risk characteristics of each of the forex option trading products mentioned below that are offered by firms that broker forex options.
Plain Vanilla Forex Options Broker - Plain vanilla options generally refer to standard put and call option contracts traded through an exchange (however, in the case of forex option trading, plain vanilla options would refer to the standard, generic option contracts that are traded through an over-the-counter (OTC) forex dealer or clearinghouse). In simplest terms, vanilla forex options would be defined as the buying or selling of a standard forex call option contract or forex put option contract.
There are only a few forex option broker/dealers who offer plain vanilla forex options online with real-time streaming quotes 24 hours a day. Most forex option brokers and banks only broker forex options via telephone. Vanilla forex options for major currencies have good liquidity and you can easily enter the market long or short, or exit the market any time day or night.
Vanilla forex option contracts can be used in combination with each other and/or with spot forex contracts to form a basic strategy such as writing a covered call, or much more complex forex trading strategies such as butterflies, strangles, ratio spreads, synthetics, etc. Also, plain vanilla options are often the basis of forex option trading strategies known as exotic options.
Exotic Forex Options Broker - First, it is important to note that there a couple of different forex definitions for "exotic" and we don't want anyone getting confused. The first definition of a forex "exotic" refers to any individual currency that is less broadly traded than the major currencies. The second forex definition for "exotic" is the one we refer to on this website - a forex option contract (trading strategy) that is a derivative of a standard vanilla forex option contract.
To understand what makes an exotic forex option "exotic," you must first understand what makes a forex option "non-vanilla." Plain vanilla forex options have a definitive expiration structure, payout structure and payout amount. Exotic forex option contracts may have a change in one or all of the above features of a vanilla forex option. It is important to note that exotic options, since they are often tailored to a specific's investor's needs by an exotic forex options broker, are generally not very liquid, if at all.
Exotic forex options are generally traded by commercial and institutional investors rather than retail forex traders, so we won't spend too much time covering exotic forex options brokers. Examples of exotic forex options would include Asian options (average price options or "APO's"), barrier options (payout depends on whether or not the underlying reaches a certain price level or not), baskets (payout depends on more than one currency or a "basket" of currencies), binary options (the payout is cash-or-nothing if underlying does not reach strike price), lookback options (payout is based on maximum or minimum price reached during life of the contract), compound options (options on options with multiple strikes and exercise dates), spread options, chooser options, packages and so on. Exotic options can be tailored to a specific trader's needs, therefore, exotic options contract types change and evolve over time to suit those ever-changing needs.
Since exotic forex options contracts are usually specifically tailored to an individual investor, most of the exotic options business in transacted over the telephone through forex option brokers. There are, however, a handful of forex option brokers who offer "if touched" forex options or "single payment" forex options contracts online whereby an investor can specify an amount he or she is willing to risk in exchange for a specified payout amount if the underlying price reaches a certain strike price (price level). These transactions offered by legitimate online forex brokers can be considered a type of "exotic" option. However, we have noticed that the premiums charged for these types of contracts can be higher than plain vanilla option contracts with similar strike prices and you can not sell out of the option position once you have purchased this type of option - you can only attempt to offset the position with a separate risk management strategy. As a trade-off for getting to choose the dollar amount you want to risk and the payout you wish to receive, you pay a premium and sacrifice liquidity. We would encourage investors to compare premiums before investing in these kinds of options and also make sure the brokerage firm is reputable.
Again, it is fairly easy and liquid to enter into an exotic forex option contract but it is important to note that depending on the type of exotic option contract, there may be little to no liquidity at all if you wanted to exit the position.
Firms Offering Forex Option "Betting" - A number of new firms have popped up over the last year offering forex "betting." Though some may be legitimate, a number of these firms are either off-shore entities or located in some other remote location. We generally do not consider these to be forex brokerage firms. Many do not appear to be regulated by any government agency and we strongly suggest investors perform due diligence before investing with any forex betting firms. Invest at your own risk with these firms.
Article Source: http://EzineArticles.com/33230
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Pinjam Uang Tanpa Jaminan dan Tanpa Syarat
Pinjam Uang Tanpa Jaminan dan Tanpa Syarat - Program tunaiku dari Amarbank ini sangat membantu bagi anda yang sedang membutuhkan dana tambahan baik untuk tambahan modal usaha atau untuk keperluan lainnya. Proses pengajuan sangat mudah karena tanpa jamina, tanpa syarat dan tanpa kartu kredit.
Tentukan Jumlah Pinjaman dan Tenor / Jangka Waktunya kemudian klik ajukan pinjaman, Contoh dibawah pinjaman RP. 5000.000,- dengan jangka waktu 12 Bulan.
Isi Formulir Pengajuan Pinjaman
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Cukup mudah bukan ? Pembayaran angsurannya juga sangat mudah,, bisa melalui Teller Bank OCBC, Teller bank lain, ATM bersama, ATM OCBC NISP maupun internet Banking.
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Apa itu forex
Keuntungan dalam trading forex didapat dari selisih harga jual dan harga beli (sama seperti jual beli barang pada umumnya).
Misalnya saat ini kurs atau harga USD/IDR = 13.000 yang artinya $1=Rp 13.000kemudian kita beli sebanyak $1 dengan modal yang kita keluarkan Rp 13.000 , sehingga kini kita memegang uang dollar sebanyak $1Selang waktu 1 hari ternyata harga USD/IDR naik jadi 13.010 yang artinya nilai $1 = Rp 13.010Melihat harga dollar yang naik itu akhirnya kita jual $1 yang kita pegang itu sehingga kita mendapatkan Rp 13.010Perhatikan, harga belinya Rp 13.000 per dollar, harga jualnya Rp 13.010 per dollar, artinya ada selisih harga Rp 10 , selisih harga inilah keuntungan kita.Dari contoh diatas, kita hanya untung sebanyak Rp 10,- hal itu karena jumlah yang ditransaksikan hanya sebanyak $1 saja.Bagaimana jika yang ditransaksikannya itu sebanyak $1.000.000 ? sudah barang tentu keuntungannya pun lebih banyak yaitu Rp 10 juta
Liberty reserve akan dibuka kembali
