two Simple Tips To Target Bigger Gains Instantly

Enclosed i am are going to give you a simple tips that many forex traders ignore in their pursuit of profits but if you learn it, you will increase your profit potential and enjoy greater currency trading success.
If you want bigger forex profits now then read on.
If you have a forex trading strategy it should have one aim and one aim only -
Making bottom line profits
To do this you need to get catch and hold the big currency trends that offer you the big profits and have the odds heavily in your favour when you enter them - and they don't come around often.
These trades only come around a few times a year in each currency, so the rule is:
Cut down your trading and bet big on the trades that offer you the most favourable odds.
Where Most Traders Go Wrong!
They make two major errors which are:
1. They equate frequency of trading with profits. 2. They never bet enough to win meaningful amounts or get stopped out to soon before the trade has run its course.
In forex trading you don't get your reward for how often you trade you get your reward for being right with your trading signals - nothing else.
Forget day trading it doesn't work and never will - neither will trying to be in the market all the time. In conclusion be highly selective in your trading.
Also, if you do what most traders do and risk small amounts 2 - 10% of your equity you won't have high risk but you won't make much either.
To Win Do This
Focus on trading off support and resistance levels that are considered valid by the market - if they break chances are the trend will continue.
Understand this:
Most of the big moves in currency trading, that offer the best risk reward occur from new Market highs - NOT Market lows, so forget trying to buy dips.
Take a Risk
If you don't like taking risks don't trade currencies most traders try so hard to avoid risk they create it and guarantee that they will lose.
Don't place stops to close and trail them SLOWLY - make sure you keep them back behind the market noise and are not stopped out by normal market pullbacks.
If you can't take dips in open equity, you will never enjoy currency trading success - so get used to them.
Be prepared to risk up to 25% on high odds trades if trading a small account and have the courage of your conviction - if you believe in your forex trading system bet as much as you can afford to.
Trade the Odds Bet meaningful amounts and
Win big - that's the whole aim of the above tips.
You can use the above tips and make triple digit gains - by trading just a FEW times a year!
You may say, that's not the advice I normally see or it's not the norm but personally I wouldn't worry too much about as:
95% of traders lose and follow conventional advice - the above may not be conventional but if you're a trader who simply wants to make money, you will understand why it can lead you to currency trading success.
Trading is always unpredictable, so it's really not surprising why in some cases unconventional moves are more ideal. If you're just looking to manage budget, yes you can follow traditional tips from Love Money, but trading is much more complicated than personal finance.

How To Make Money In Forex

As you might already know, forex is an acronym for foreign exchange -- is the international currency market where money is being sold and bought. Forex certainly is a new and exciting way to make money in the huge global currency market.
Making money in forex is very similar to stocks, options, or futures. You will be provided with a list of currency pairs each is coming along with graphs which you can select and trade. You can sell (or short) if you expect the graph to go down and you can buy (long) if you expect the graph to go up.
How Can I Make Money in Forex Trading?
When you buy a currency in the forex market, you are actually doing two trades. You are selling one currency and buying the other. You have known what currency you are betting for/against, as opposed to the stock market where you only need to know one stock.
Unlike stock trading, most online forex firms don't charge commission. They make money by giving you a worse spread then they get and by charging you interest on margin. This spread is usually two or three pips (explained below).
Margins are huge in currency trading; you can easily be accepted for 200 to margin on-line. Some forex firms will give you up to 400:1 margin. To be honest, there is very little regulation in this industry, which means you can move $2,000,000 worth of currency with only $10,000 in your account. You can even open an account with as little as $300.
Profits in forex are measured in "pips" or "points." A pip is 1/1000 of dollar. For example if you buy the dollar (USD) against the euro (EUR), and it went in your direction from $1.300 to $1.299, you have made a 1 pip profit. On a $10k order at full margin (200:1), this is equivalent to $50 in profit.
How Much I Can Earn?
Virtually, the limit is the sky. As much as how long you trade and keep earning. Trading will be within 24 hours 5 days a week. How fast you can earn is depending on the volatility of the market. If it is very volatile (moving ups and down quickly), you probably can earn a lot of pips if you are lucky.
However, average earning for professional trader is 100 to 200 pips a day that is equal to 100% to 200% return on investment. George Soros, the heart of inspiration for every forex trader, made a history in September 22, 1992 when he bagged US$1 Billion and ruined the Bank of England. This called The Black Wednesday.
What Do I Need to Trade?
The first thing you need to trade is a broker. Register with any of them and they will provide you a software platform that equip with a list of currency pairs, graph, technical indicators free to use. The broker usually provides you free practices by providing virtual money for you to practice enhance your skills.
There are two schools of thought like in stocks about how to make money in forex trading. On one side you have the technical, which are basically charts and other statistical methods that used to try and guess the market. On the other side you have the fundamentals, which study things like countries domestic product, interest rates, economic output, etc. to try and forecast currency movements based on these criteria.
Of course the best answer is always in the middle, using a combination of graphs and charts along with real world knowledge of political events and economic statistics to make the market more predictable for you.
If you want to learn more about mainstream technical analysis tools, in my experience, the most honest person who teaches mainstream technical analysis in the best way is Peter Bain (Forex Mentor). Whether Peter trades himself, and whether Peter ever made money in forex is definitely questionable. But if you want to get good education and overview of many different mainstream technical analysis tools, I think Peter is good for that.
Is It a Risky Business?
Is there any risk involved? Yes. Everything has risk whether it is involve time, life, money, etc. Risk unfortunately can not be avoided. No absolutely not, that's impossible for everything. But as any other thing else you can minimize risk and increase profit, that's how to make money.
I feel so grateful and lucky to be able to trade forex full time. Not only is it fun, and I feel passionate about it, but it's also monetarily rewarding, and it gives me freedom to do it from almost anywhere in the world. I hope to be able to share some of this luck and gratefulness with you. And truly from the bottom of my heart and my being, I am wishing you tremendous success and abundance in forex or any other business you do.
Martin Chandra has over years experience in marketing. Hooked on potential of the Internet since '97. Good at seeing the big picture with an eye to detail. If you want to learn more about forex, please take a look at my site

HOW TO CHOOSE GOOD FOREX BROKER

There are some basic notices that you need to consider when you want choosing online forex broker. #1. Spread Amount The spread, which is calculated in pips, is the difference between how much you can buy or sell a currency at a specific point in time. Forex currencies are not traded through a central exchange market, so the spread can be different depending on the forex broker you choose. Some online forex brokers have variable spreads, some of them have two spread amounts that only depend to day and night. Some of their spread depends to the position s of market. When market is quiet the spread is small and when market is busy the spread is high. I prefer forex brokers that have fixed spread, because over the long term fixed can be safer. #2. Execution - How fast is the broker's order execution? - are they offer automatic execution? - How much can you trade before having to request a quote? - are they trade against their clients? The best way to find out is to open a demo account and give them a test drive. #3. Leverage Options Leverage is expressed as a ratio between the total capital that is available to be traded and your actual capital. For example, when you have a ratio of 100:1, your forex broker will lend you $100 for every $1 of actual capital you have. Leverage is a necessity in forex trading because the price deviations in the currencies are set at fractions of a cent. Before choosing an online forex broker notice that what is their leverage. Many brokerages offer a flexible margin that allows you to choose the leverage that's right for you. #4. Account Types Notice the forex broker you choose has mini account or not. Mini account is designed for those new to online currency trading and those with limited investment capital. There is a smaller deposit required to start trade of just $300 or less. #5. Trading Platform Good trading software will show live prices that you can actually trade at, not just indicative quotes. It will offer Limit and Stop orders, and ideally will let you attach these to your entry order. One-Cancels-Other orders are another useful feature - they mean you can set up your trade and then leave the software to get on with it. #6. Dealing tools and value-added services Find out online forex broker that offers the best resources and information to help you make the smartest trading decisions. A good company should offer real-time charts, technical analysis tools, real-time news and data, and software or website support. Be weary of any company that refuses to share information or trial versions before opening up an account. You will want to try out their system before you choose to invest money in it. #7. Support Forex is a 24 hour market, so your online forex broker should offer 24 hour supportf for you. You should also check if you can close positions over the phone - essential in case your PC or internet connection crash at a critical moment. You could contact to their Internet help desks to see how quickly they respond to enquiries. #8. Get Referrals Ask around and read forex forums to find out which forex brokers other people use and why they selected a specific brokers. pls study these tips very well and you will succeedin you trading.

Learn Online Forex Trading

The return for the investor is rather the relative exchange value of one currency against another currency. Therefore forex trading is always expressed in currency pairs such as us dollars and uk sterling or us dollars and euros.

A Beginners Guide to the Forex Markets and the Euro

We all have heard of the European Union's adoption of the euro currency. This radical change has had tremendous impacts on the various financial markets. For instance, the different countries that have begun using the euro have seen substantial increases in their currency profile strength. They each had exhibited weaker economies than they do now.
Across the board, all of these countries have seen a transition from weak currencies to greatly increased currency strength. Some of the ramifications of this trend is increased prices in a wide range of areas. For example, prices have steadily reason in fields as diverse as food stuffs, through furnishings, all the way to the price of properties. Along with this rise has come a greater buying power, as the amount that the European Union citizens are willing to spend has grown tremendously.
In fact, one of the best indications of the economic health of a country is the type of spending that the citizens partake of. Checking this information in the various member countries of the European Union will give you a pretty accurate measure of the relative strength of the various markets. Following the various spending trends can bring the observer to important understandings. For instance, the growing European trend to spend more and more may be caused by a wish to be similar to the shopping loving Americans. This influence may be filtering into the continent via the entertainment and amusement industry that is growing more popular with time. Other people may have different opinions as to why this trend is taking hold of Europe right now. But there is no debating the facts that show that this trend certainly exists. There are many people who view these changes with a sense of dread and foreboding, worried about far reaching cultural changes and upheavals. Consumerism and marketing seem to be taking center stage, and packaging and placement are becoming key concepts.
As these changes are occurring, the majority of people in Europe are simply accepting them without a fight. What was once only acceptable or normal in the United States , is becoming the norm in the European Union. Along with the trend of increased spending, these is another trend that is on the rise: the European currency. In its infancy, the euro was the same value as the dollar. After suffering a short decrease in value, the euro rose majestically to where it now resides, right up there with the British Pound. On the other hand, the dollar has lost a considerable amount of its value since then, especially after the twin towers collapsed.
The overall trend of the Euro has been a positive one, with an overall increase in value. Despite some small fluctuations, the Euro has shown the world what a resilient currency it is. Similar to the status that the dollar once held, of a stable and reliable currency, the Euro is now holding that title with pride. In fact, the Euro has not yet experienced a true crash, thanks to its steadiness. Many difficulties faced the Euro, such as the addition of the Eastern European countries to the Union , but they have all been successfully weathered.
All of these reasons explain why the Euro is a sought after currency on the Forex Trading Market. Though it is a newcomer to the game, it has proven itself reliable and valuable.
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