Month: February 2011

By Cedric Welsch

Just like in anything you do in life, you always need something that will help guide you in your walk, something that will remind you which is right or wrong, and something that will assist you to walk constantly in the right direction. Well, forex trading signals serve as some sort of guiding patterns that will help direct any trader when performing his or her trading transactions. These signals are designed to constantly alert the trader while performing some specific tasks.

A trader can create his own forex trading signals based on the parameters and limits that he wants to abide with. These signals will tell you if you are still operating safely under the terms of your own set limits. Trading without the use of these signals can easily result in chaos for a trader. With nothing to alert you, it is easily possible for your investment transactions to crisscross with one another. In other words, an entire mess of trading activity could occur since there is nothing to alert you when things are out of order.

The entire forex market is a busy place where traders are busy either buying or selling currencies. Since the currency trading market is well known for its extreme volatility of nature, you need to be very careful during those moments when you’re either buying or selling currencies. And forex trading signals are simply excellent in helping you protect your investments during your currency buying and selling moments.

The ultimate benefit of a forex trading signal for a trader is to have the luxury of time and freedom to do some other important stuff while the trading market is actively doing its own thing. Without a trading signal, you would have to sit and be glued at just watching the market trending as it goes up and down continuously. Who would want to do such a thing? Aside from the time you are losing, the frustration that you may get while watching currency rate values fluctuate in a rigorous manner just isn’t at all worth while. This explains how superbly valuable forex trading signals can be for traders like you.

With the help of a forex trading signal, you can preset your buying or selling transaction to activate, dependent upon when certain currencies match the specific value you set for them. You can just imagine how convenient this entire process can be for you. Instead of waiting for those currencies to match the exact values you want of them, you can just let the trading signal do its job for you.

About the Author

Live forex news can be easily availed of today as well as the important forex broker reviews to keep you safe from wrong decisions.

By Ben McArthur

New Forex traders are overwhelmed with information about how to make money trading. Every day a new system or software comes out that is supposedly better than anything else available. With millions of webpages about Forex trading all promising obscene profits, how can a new trader decide what is best for them?

If you visit some of the many Forex forums online you are more than likely hearing claims about the newest and best trading system or software that just came out. How this or that trading system is a guaranteed way to get rich in the markets. How this new software or trading system that has never had a losing trade, etc.

Many traders spend countless hours,and dollars,trying and buying every new product that makes these kinds of ridiculous claims. They believe that one day one of these magic black box systems or software will really make trading completely automatic and literally hands off. This kind of thinking has caused many traders to blow their entire trading account time after time. It is a vicious cycle that never seems to end.

There is no magic black box that you can plug in and watch your account grow to insane proportions. No trading system or software exists that will work in any market under any condition. The markets are just far too complex and sophisticated for that.

New traders, and even more experienced traders for that matter, can make consistent profits if they will learn how to interpret price action. Price action is what experienced traders use to forecast what the market is going to do before it actually does it.

If that doesn’t make sense to you now, try studying the price bars of your favorite pairs on your charts. You will soon learn
that repeated price action “set-ups” are a frequent occurrence. These set-ups are confirmed when the proper real-time indicators are used in conjunction with this method.

Using the correct indicators are critical to success in Forex trading. Some indicators are just too slow to be used as a reliable trading signal. MACD, RSI, and stochastics simply lag too far behind to be of any help.

Using price movement in conjunction with reliable indicators is one of the most reliable and accurate ways to trade Forex profitably. Many traders simply make trading far more complicated than it should be. A simple but effective trading strategy is your best way to make consistent profits.

Visit the author’s website for more forex secrets

About the Author

Learn more about Forex and forex trading secrets at the author’s website.

By James McKee

Egypt’s turmoil continues as hundreds of thousands of protestors line the streets demanding an end to the current ruling party and its members. There have been a large number of homicides and property damage is incalculable at the moment. The hardest hit of all currencies was the US Dollar that dropped over one percent. Conditions do not seem to be improving at all in Egypt and on the contrary seem to be worsening as time goes on. The Egyptian people after having been starved more often than not for the past couple decades have stated loud and clear that they have had enough.

Conflict and social strife have never been good for business and since the world has taken on a global economy any ripples in western or developing countries has an adverse effect on everyone. This is a necessary evil that is coming up more and more as the world’s economy continues to degenerate into a mess of epic proportions. The first and last word on the subject of the US Dollar currently would be “rollercoaster”, many emerging US companies such as Facebook are poised to make a heavy entrance into the stock market. This spells out some long-needed prosperity for the US market as other companies find themselves faltering.

Such events do little however to stem the tide of ill-fated countries falling by the wayside. Tunisia, Egypt and possibly Syria are all teetering on the edge and they are not alone. Staying up to date on any world events in developing nations is very important in the Forex currency exchange. Reading the newspaper is more than an academic effort to stay informed, it is a business tool to be used in an effort to gauge the changing markets. It is indeed possible that the conflict in Egypt will have many more ups and downs in the coming weeks and they are something all traders should stay aware of.

About the Author

The author’s love of life is ultimately rooted in his drive to learn forex

By James Woolley

The reason why a lot of people sign up to the various different forex affiliate programs is because they know that they can potentially make a lot of money. However signing up is the easy part. The difficult part is getting your offers in front of enough people to start generating some affiliate commissions.

The fact is that most people go about it the wrong way. For example if they have some cash behind them, they may head straight to Google, or one of the other search engines, and start paying for pay-per-click advertising.

It is an automatic assumption to make that because a lot of products can cost several thousand dollars, it should be easy to cover your expenses. However this is rarely the case because people need a great deal of convincing before they part with such a large sum of money. Furthermore even if you do generate some sales and it looks as if you will be able to cover your costs, you may find that the product is then refunded at a later date, and you are back in the red again.

This is all too common in the forex niche. Whilst there are a few really good products and services being sold online, the vast majority of them are not that great if I’m being totally honest.

There is a much better way to make profits as an affiliate and that’s to build your own website or blog, and start building an email list at the earliest opportunity. That way you have two opportunities to make sales.

First of all you can write product reviews for all of the major products that are released, asking for review copies from the product creator if necessary. If you do some basic SEO work, you can then get plenty of free traffic from the search engines and start generating sales that way.

You can also sign up to an autoresponder service and start building an email list on this same website or blog. That way you can gradually add new people to your list every day, and start sending email messages to each subscriber whenever a major new product is released.

This is particularly beneficial because that way you can build up a degree of trust and respect. So when you do actually recommend a product (which you have truly found to be very good), you will generate a lot more sales because they will trust your judgement.

So the point is that if you are struggling to make sales in the forex niche, you should concentrate on creating a good quality website or blog and building an email list through that site. If you take a look at all of the super affiliates in this niche, you will notice that they all have their own email list of subscribers. So this is absolutely imperative if you want to become a highly successful affiliate yourself.

About the Author

James Woolley is both a forex trader and an affiliate marketer. Click here to discover which forex trading affiliate programs he most recommends.

By James McKee

Despite the recent problems experienced by its EU counterparts the nation of Germany has brought about changes in its economy that have resulted in a sharp decline with regard to unemployment and an overall sense of prosperity. Possessing an unemployment rate of just over 7 percent compared to the US whose unemployment rate is above 10 percent certainly shows a difference both in methodology and implementation of fiscal policy. The country of Germany has time and again shown a vested interest in lowering interest rates on debt and lowering the debt itself.

Germany has aided many European nations recently including the ailing Ireland; however they have done so only after austerity measures are in place to discourage further economic problems. The Euro has not yet ascended in response to the news however changes will soon follow. With such a low unemployment rate Germany is beginning to seek qualified workers from elsewhere within the EU because there are so many jobs to go around. Such sentiment is something not present in the US or many other countries worldwide.

The lesson to be learned from Germany is that whether its an individual or an entire nation we cannot run away from our debt and must address the fiscal problems we encounter immediately without fear or reserve. Those on the forex currency exchange should take note of the direction Germany takes in the near future to preserve its economy and the subsequent fallout for the EU and the Euro. While many see the aid of Germany as conditional and at times too costly anything less would only serve to hinder the growth of these nations.

Many of the hardest lessons to learn are those that do not have an immediate consequence; by forcing countries such as Ireland to shoulder much of the responsibility that comes with a failed financial plan they are discouraging more of the same in the future.

About the Author

The author’s love of life is ultimately rooted in his drive to learn forex

By Cedric Welsch

With the sudden growth in popularity of the foreign exchange industry today, different investors who are highly attracted at the idea of making huge profits out of trading in the forex market are now coming up with various sorts of ideas and strategies. In fact investors have even gone as far as leveraging the advancement in technology in their desire to fully take advantage of the profit potential of the foreign exchange market. From such effort and desire to manipulate the market, comes the introduction of the forex trading software into the scene of forex trading.

A forex trading software is a tool that gathers data based on the changes happening within the forex market, then out of this data, the tool then makes its calculated analysis, all based on the acquired data. Through that process, the software is programmed to determine which trading opportunities are best for the trader to focus his attention onto. As you can see, this software is a tremendous help for any trader. Instead of making investing decisions based on rough manual analysis, this tool offers a far better advantage at making much accurate decisions based on gathered statistics.

With the number of business individuals and investors rising around the entire foreign exchange trading industry, it is not surprising to know that a lot of currency trading tools have also been developed or created. Therefore, it is a must that you do some research and a little bit of study in order that you may find the best forex trading tool to use for your own trading activities. Every tool has its own unique team of developers or programmers. Hence, expect each trading tool to vary in design, specifications, and even specialization in functionality.

The first thing you will need to consider in choosing your forex trading software is its compatibility to your computer device. If the software is not a web-based operated type, then you will have to install it, which means it must be compatible with the specifications of your device. After installing, you will need to try and test every single function that comes with it to make sure it is all running perfectly. The best way to perform such procedure is to go for the trial period first. This way, you don’t have to purchase the software right away.

Another important aspect you need to consider when choosing the right trading software is if there is a customer support to it and how accessible is it. You need to make sure that if there’s any problem with the software, somebody is readily available to assist you.

One extremely important feature that is often overlooked by a trader when choosing a forex trading tool is whether the creator or developer is willing to constantly upgrade the tool. The forex market is known for its extreme volatile nature, therefore change is a constant part in the entire forex trading industry that will not go away.

About the Author

Do not attempt to trade currencies without proper forex research. While reading a forex scam review will keep you away from fraudulent transactions.

By James McKee

Amid a failing national economy, growing unemployment numbers and states on the verge of declaring bankruptcy the USD is beginning is falling. Recently hitting the lowest point in six months against the Euro the USD is showing fresh signs of frailty in light of the conflict in Egypt. The forecast only worsens for the USD when you consider an economy that is largely based on military contractors such as Lockheed Martin whose contracts will be falling sharply. This means that many jobs will be lost and the US economy will likely suffer drastically since many cities are very dependent upon military bases and money.

Among other factors for the USD’s decline include a long debated and very controversial bill on healthcare sponsored by the Obama administration. The healthcare bill has not been seen as a reliever of debt and on the contrary many believe it to be the financial “straw that breaks the camel’s back” for the US economy. Republican politicians have fought hard against the bill and even won a preliminary battle against the bill in federal court, however the bill still faces the long upward journey into the United States Supreme Court.

Looming obstacles for the USD include a strengthened and invigorated Chinese economy that has set its sites on being a post-industrial nation that is a much larger player in the world’s financial sector.

With the recent addition of the Chinese Yuan as a publicly tradable currency this move has been solidified and confirmed. The US dollar still stands a chance of coming back in a big way if the United States can scale down its imports and again become a nation of exports. This will be a difficult path though with a US workforce largely being accustomed to being paid much better than their international counterparts.

Those on the forex currency exchange should of course keep an eye on the pace at which the US dollar declines. Rises in unemployment and inflation will quickly dissuade even the largest appetite for risk.

About the Author

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.

By James McKee

The International Monetary Fund has released its estimates of the world economy’s growth in 2011 and the numbers are good. Forecasted overall growth is in excess of 4 percent however; this growth is overshadowed by the national debt owed by many Western countries and a stagnant unemployment rate. With the recent problems being experienced in the United States and its European counterparts there is growing doubt with regard to what these numbers actually mean. Economic growth can be interpreted in a number of ways and while many are profiting many more still are not.

At the center of what is discouraging the world economy’s recovery is the persistent trouble in Europe. Countries such as Portugal and Ireland have become so financially insolvent that other countries such as Germany are left to pick up the pieces. Bearing this in mind much of the world’s economic fate resides with the EU’s ability to implement strong debt-relief strategies for its members to ensure financial solvency in the future. The Euro will be the first currency to fall and of course the USD will rise against it if there are more countries experiencing problems in the EU.

Germany is making strides to shoulder the debt of other countries in the EU while steering them towards progress however; it is nearly impossible until the way out of debt with regard to central banks is figured out. In many countries currently the amount owed to their central banks is greater than the money supply, this raises the question of how the debt can ever be paid off. Those on the Forex currency exchange should stay up to date on countries in Europe that are becoming unstable and act accordingly with regard to the Euro. There is a strong chance that China will step in to buy European debt sometime in the near future but if they do they will be buying more from the United States…

About the Author

The author’s love of life is ultimately rooted in his drive to learn forex

By James Woolley

The trouble with many forex products and services is that they can be really expensive. Some courses alone can cost several thousand dollars, and even regular membership sites can cost upwards of $100 per month. So it is easy to see why companies are increasingly offering free trials when promoting their products and services.

Free trials allow a potential customer to try out a product or service for a certain period of time. Once that trial period is over they can either pay for the full product or service, or decide that it’s not for them. So it really is a no-lose situation.

That’s what you might assume anyway. The trouble is that there are some very dodgy companies out there, and they have been known to employ some dubious practices. One of these is to automatically deduct the payment when the trial period is over. In some cases this may be legitimate if they state that they will do this in their customer agreement, but in some cases they will not mention this at all when you sign up for the trial.

Luckily these companies are in the minority, but it can happen. That’s why you should always do your research before signing up to one of these free trials.

You certainly should not discount them altogether because this can be a great way to find out whether or not a product is worth buying. For example there is one forex training course that I am aware of where you can download the first three chapters for free for 14 days, before deciding whether or not you want to go ahead and pay for the full course. Indeed I know of at least one other really good forex course that has a similar arrangement.

You can also get free trials to various different signal providers, which is a real benefit. That’s because many signal providers claim to be profitable, but it is only when you sign up and get live signals, that you can really assess how good they are for yourself.

It was always the case that you had to sign up for at least a month to check them out for yourself, but luckily there are now plenty of opportunities to get free trials to these services. Therefore what this means is that you can find profitable forex signal providers without actually having to make any payments.

So the point is that you should certainly take full advantage of products and services that offer free trials because you may uncover a few gems. However you should be aware that a small number of companies will automatically charge your credit card at the end of the trial period, so always do some thorough research before committing yourself.

About the Author

Click here for more information about a forex training course that will teach you all the basics of currency trading, and to read a full review of Forex Nitty Gritty.

By James Woolley

Many people automatically assume that investing in dividend stocks is a guaranteed way of making money, particularly if you invest in those with high payouts of between 5% and 10%, for example. However this is not really true at all.

If you are investing for say 10 or 20 years, then you could argue that the timing of your buys is not necessarily that important. That’s because by earning say 5% every year from your dividend stocks, these payments will more than compensate for any flat or slightly negative share price movement. This is particularly true if you reinvest the proceeds each year.

However if you don’t intend to hold on to these stocks for as long as this, then you need to place more importance on when you actually buy because it can make a huge difference. Assuming that a company is likely to continue paying decent dividends each year, you should ideally invest in these companies when the share price is temporarily oversold. So for example when indicators such as the RSI and Stochastics are both in oversold territory.

The result of this is that you may well have greater capital gains when you do eventually sell, and you will also earn more in percentage terms from your dividend payouts. To demonstrate this point, if the dividend for a stock is fixed at 10p each year, you would earn 10% per year if you had bought at 100p, 6.66% if you had bought at 150p, and just 5% if you had bought at 200p.

If you have a habit of buying stocks when they are showing strength, which can often turn out to be the top of a trend, then you could easily lose money from these stocks in the long run. There is little point investing for the sake of receiving good dividends if you keep buying at overinflated prices because the share price could subsequently fall quite substantially, negating the effect of the income that you receive each year.

Another way you can lose money is if you look for income-generating stocks from amongst the small and mid-cap companies. While some of these companies offer some very attractive yields, they are a lot riskier because their futures are a lot less secure than many of the large-cap stocks. If they run into difficulties, they could easily reduce the dividend or scrap it altogether.

So the point I am making is that you are not guaranteed to make money from high dividend stocks, even if you are investing for the long-term. Yes some of the big companies should offer some decent returns, but even then there is a still an element of risk. So this is something that you might like to bear in mind in the future.

About the Author

Click here to read a review of Stock Trading Nitty Gritty, the training course that teaches you how to successfully trade individual stocks.