A Look at Online Forex Brokers

An online forex broker is a firm that facilitates retail trading
using Internet technologies. Global Forex Trading (GFT),
one of the popular online forex brokers. It provides retail
traders with a free demo trading account, allows users to
open a live account, gives live help, provides software
called DealBook FX 2, and allows viewing of account
documents. (DealBook FX 2 can be downloaded for
the demo trading account).
Gain Capital Group's Online Forex offers 200:1 leverage.
In some cases, the total return on investment is higher
due to leverage. For example, with $1000 cash in a margin
account, the investor can control up to $200,000 in
notional value. Of course, trading on leverage magnifies
both the investor's profits and losses.
GCI Financial Ltd. offers commission-free online trading
in forex. GCI offers Internet trading software, fast and
efficient execution, and 0.5% margin requirements.
This broker offers USD or Euro denominated trading
accounts. The spreads are 3 pips in EUR/USD and
USD/JPY, and are 4 to 5 pips for other major commissions.
Clients can hedge by opening positions in the same
currency in opposite directions. Risk to the investor
is limited to the deposited funds. Market analysis and
research, real-time charts, and forex trading signals
are available at no charge.
ACM, part of the REFCO group, offers 3 pip spreads
on all major currencies, which works out to between
0.02% and 0.03% on the dollar value. They also offer
commission-free trading, and forex trading with a 1%
margin, which means that a trader can control $1,000,000
with $10,000 in his account.
There are many online forex brokers that offer free
demo accounts for potential forex traders to practice trading.
It is only a matter of registering and starting demo trading
to get a feel for forex trading. In addition, at most sites,
traders can find free forex news to assist them with their
trade strategies.

Learn Forex Trading to Expand Opportunities

Capitalize on the opportunity to learn forex trading so you can
begin the process of branching your portfolio out of domestic
stocks and into the global market. Any financial advisor worth
his weight will tell you that it is important to diversify your
investment portfolio and this is by far the largest volume
market in the world. Daily, it does nearly four times the
volume of trading than the New York Stock Exchange does.
Anyone who holds a basic understanding of how money is
converted and exchange rates work can learn forex trading.
The sale or trading of currency is at the heart of what forex
is. Using one currency to buy another means that your
counterpart is using their currency to buy yours. As exchange
rates fluctuate and the economies of nations surge and recede
, these investments in cash behave in value very much like
a traditional stock.
As with any new venture, you will need to master the
vocabulary that is an inherent part of forex. When you
begin to learn forex trading you will be introduced to terms
like pip, spread, cross, base currency and trade currency.
Foreign exchange trading does have some unique terminologies.
While they may be new to you, you will learn them quickly
because they describe certain parts of forex quotes that you
will need to understand in order to trade.
There are quite a few resources available to those who wish

to learn forex trading. The reliability of internet access has
opened the door to online forex trading, which means that
more investors have the ability to participate in trading
activity. Since the foreign exchange trade is considered a
spot market, the ready availability of internet access is
crucial. Business is done on the "spot," thus the name.
You can capitalize on many benefits when you learn forex
trading. The availability of a 24-hour a day market is one.
Since forex involves the trade of currency at banks across
the globe, the market never closes. The market is also
remarkably liquid, meaning that you will never have
trouble finding trading partners. Since most of your trading
partners are banks and the medium is cash, you will never
be at a loss for customers. Another benefit is the lack of
commissions. Since you make the trades on your own,
you don't have to spend part of your profit on brokerage
commission fees.
Taking the time to learn forex trading opens one more
investment door for you. As you continue to realize the
importance of diversifying your investment portfolio, it
may be a good idea to begin looking at what kinds of
opportunities are available to you in foreign exchange
trading. You may be surprised to see who else is capitalizing
on this market and just how easy it is.

How to Find a Broker for the FOREX Trading Market

It's not always easy to know what to look for in a broker in
any market, much less a market as complex as the FOREX.
But, if you want to trade in FOREX you need a broker. While
it might be tempting to simply ask the brokers what they can
do for you, you can't always depend on them to give you a
straight answer. Here are a few things to consider when
choosing your broker.
You will want a broker that has low spreads. Since FOREX
brokers don't charge a commission, this difference is how
they make money. Low spreads will save you money.
Along with this, you should be looking for a broker attached
to a reputable institution.
Unlike equity brokers, FOREX brokers are usually attached
to large banks or lending institutions. The broker should also
be registered with the Futures Commission Merchant
(FCM) as well as regulated by the Commodity Futures
Trading Commission (CFTC).
Once you've narrowed your choices down to brokers that
won't cost you too much, and that are reputable, consider
the trading tools that they are offering you. FOREX brokers
have many different trading platforms for their clients,
just like brokers in other markets. These often show
real-time charts, technical analysis tools, real-time news
and data, and may even offer support for the various
trading systems.
Before you commit to any one broker, request free trials
of their tools. Brokers generally provide technical as well
as fundamental commentaries, economic calendars, and
other research to help you make good trades. Shop
around until you find a broker who will give you what
you need to succeed.
The next item that you will need to evaluate carefully
is the number of leverage options your potential broker has
. Leverage is a necessity in FOREX trading because the price
deviations in the currencies are set at fractions of a cent.
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 broker
will lend you $100 for every $1 of actual capital you have.
Many brokerage firms will offer you as much as 250:1. If
you have low levels of capital you will need a brokerage
with high levels of leverage to make reasonable profits.
If capital is not a problem, any broker that has a wide
variety of leverage options would be a good choice for you.
A variety of options will let you vary the amount of risk
you choose to take. For example, less leverage (and t
herefore less risk) may be preferable if you are dealing
with highly volatile (exotic) currency pairs.
Along with different levels of leverage, look for brokers
that offer different types of accounts. Many brokers will
offer you two or more types. The smallest account is
known as a mini account and it requires you to trade with
a minimum of around $300. The mini account also
generally offers a high amount of leverage.
The standard account allows you to trade at a variety
of different leverages, but it requires minimum initial
capital of $2,000. And finally, there are premium
accounts, which often require significant amounts of
capital. They also generally have different levels of
leverage available to the traders who use them, and
often offer additional tools and services. You will
need to make sure that the broker you choose has
the right leverage, tools, and services for the amount
of capital that you are able to work with.

A Look at Online Forex Brokers

An online forex broker is a firm that facilitates retail trading using
Internet technologies. Global Forex Trading (GFT), one of the
popular online forex brokers. It provides retail traders with a free
demo trading account, allows users to open a live account, gives
live help, provides software called DealBook FX 2, and allows
viewing of account documents. (DealBook FX 2 can be
downloaded for the demo trading account).
Gain Capital Group's Online Forex offers 200:1 leverage. In some
cases, the total return on investment is higher due to leverage.
For example, with $1000 cash in a margin account, the investor
can control up to $200,000 in notional value. Of course, trading
on leverage magnifies both the investor's profits and losses.
GCI Financial Ltd. offers commission-free online trading in
forex. GCI offers Internet trading software, fast and efficient
execution, and 0.5% margin requirements. This broker
offers USD or Euro denominated trading accounts. The
spreads are 3 pips in EUR/USD and USD/JPY, and are
4 to 5 pips for other major commissions. Clients can hedge
by opening positions in the same currency in opposite
directions. Risk to the investor is limited to the deposited
funds. Market analysis and research, real-time charts,
and forex trading signals are available at no charge.
ACM, part of the REFCO group, offers 3 pip spreads on
all major currencies, which works out to between 0.02%
and 0.03% on the dollar value. They also offer commission
-free trading, and forex trading with a 1% margin, which
means that a trader can control $1,000,000 with
$10,000 in his account.
There are many online forex brokers that offer free demo
accounts for potential forex traders to practice trading.
It is only a matter of registering and starting demo
trading to get a feel for forex trading. In addition, at most
sites, traders can find free forex news to assist them with
their trade strategies.

Why Trade the Forex Market

Trading the Forex market has become very popular in the last
years. Technology advances like the internet have spawned
this new trading craze, where anyone with a secure internet
connection prepared to undertake a small amount of training
can engage in trading foreign exchange on the forex market.
Before the Internet, only corporations and wealthy individuals
could trade currencies in the Forex market through the use of
proprietary trading systems of banks, often through private
banking.
The foreign exchange market is one of the largest in the world
if not the largest. It is more than 3 times larger than the stock
/equities market and more than 5 times bigger than futures,
give Forex traders nearly unlimited liquidity and flexibility.
It has been estimated that approximately $2 trillion USD of
currency exchanges hands each and every day.
The foreign currency markets are very liquid because
worldwide, the most powerful international banks provide
a market around the clock. The Global foreign exchange
market daily averages of the Bank for International
Settlements in 1998 were $660 billion and now have increased
to $2.3 trillion (2006).
There is really no insider information in the forex markets.
Since exchange rates are calculated by actual money flow as
well as by the outlook of financial flowage, which takes into
consideration such things as inflation, GDP changes, trade
and budget deficits and surpluses, as well as interest rates,
it would be difficult to come across so-called 'insider
information'. All of these factors are self-evident, though
different projected outlooks may prove more accurate
than others. There is less room for market manipulation
is there may be for thinly traded stocks.
A equally important property of forex market is the fact that
trends in forex market last longer and are more clearly
defined than in any other trading instrument. Analysis of
forex market charts also often displays identifiable chart
patterns of price movement and once a pattern is established,
the trend or pattern becomes the most probable course of
future price action until the market changes. Because the
FOREX market is so huge, there is no possibility of
someone controlling the market price for a long time. When
there are a lot of buyers and a lot of sellers, you can expect
to buy or sell at a price that is very close to the last market
price. The market maker in the forex market is usually a
bank or brokerage company that provides during the trading
day a bid and ask price. Example of forex market makers
include CMS Forex, GFS, Forex, Forex Capital Markets
(FXCM), and Global Forex Trading, all of which are
regulated by the Commodity Futures Trading Commission
(CFTC) of the USA.
Brokers offer clients access to online FX trading system,
platform or software that can make it easy and fun to
trade the market and usually there are usually no
commission charges. With these trading systems and
platforms you can trade the forex markets for free
using the same state-of-the-art software packages that
professional Forex traders use to help them make
real-time, live currency trades. So individuals with
a few hundreds of their own currency hope to buy
and sell something for a smiling profit. Speculators
trade to make a profit by purchasing one currency
and simultaneously selling another.
In conclusion I think the FOREX market is one of the
best investment opportunities around today. There
are great opportunities in the FOREX market because
of the constant movements of the exchange rates. There
is no surprise that more and more traders are turning
to the foreign currency market to take advantage of
the fluctuation in exchange currency rates as a way to
speculate and trade to increase their capital and wealth.

Unique Commodity Trading Strategies

Surviving the rough times to be present for the big moves is the
name of the game in commodity trading. With some luck we can
even break even while the other participants are getting chopped
to pieces. It requires giving up something to get something else.
Learn how a few of the big hits can be avoided for a small price.
Read about ways to participate in the long haul moves while still
sleeping well at night.Let's say our forecast makes us bullish on
the market. We want to check out the possibility of buying a
future contract and hedging it by buying a put option. There
will always be a choice here - either buying an option spread
(as in the previous example) or buying a future with an option
hedge. One method will always be better than the other. We
need to determine this to get our strategy edge on the market.
Much depends on the option premiums. Again, this is where
it's handy to have an automated option evaluation program.
Now we can get creative and more flexible. Let's say you have
faith in your forecast that the market is going to rally within 2
- 3 weeks. If it doesn't happen by then, then the trade is suspect.
Let's buy a futures contract and also buy a put option as close

to the current market price as possible. Hopefully we pay
a reasonable price for the put option. The closer you buy it,
the less loss and risk if the futures contract declines sharply
against you. However, the option premium will be higher too.
The put option becomes a synthetic stop loss order for the
futures contract. You will lose until the market hits that option
strike price and then no matter how far the market drops,
the futures contract loss is fixed and limited. Now here's the
trick and edge...Select an option with only a small amount of time,
like 30 days or so. The option will cost less because of having a
short time remaining. If your future contract moves up within
2-3 weeks as you expect, the put option will lose its value
quickly and expire within 30 days anyway. The option is the
sacrificial lamb that has done its job for a few weeks and then
dies. It has protected you against the big potential hit. We
dodged the ball. Now it's up to the futures contract. That's
where the profit will come from, if the trade is destined to
work out.Once the futures contract gets far away from
your entry point under the initial protection of the option,
you can then move up the future's stop loss order to break
-even. A new option could always be bought later if desired
to synthetically lock in some profits. However, this is option
overuse and the premiums start to catch up with you. We
must take on risk or the market will not pay us. We become
parasites if we hedge too much, add no liquidity or load
risk onto others. In this example we economically used an
option to lay off large risk at a critical time. After that brief,
partially-hedged window, we again assumed the risk. There
are other ways to do this, but beyond the scope of this article.
More later.So far we have discussed entry techniques and
ways to lower our risk at critical times when our exposure
is the greatest. Remember that we are trying NOT to get
hit by the dodge-ball and are happy making singles and doubles.
Let the newbies swing for the fences and strike out 90% of the
time. The idea here is survival until we identify a big market
forecast and the move starts. That's the only time to swing for
the fences. You want to play it conservative 90% of the time
and swing hard 10% at most. To do otherwise is the road to
consistent losses. Trade like a guerrilla warfare fighter.
Survival first, shoot at our own time and place...sparingly.
Let the others line themselves up and face off to their
heart's desire. In another article we will discuss methods
of using futures and options for synthetic exit strategies.
This will include option granting, and futures hedging of
options. Good Trading!

Learn Forex Trading In An Innovative And Easy Way

Why Learn Forex trading?The forex market is by far the largest
market in the world. It is estimated that around $1.5 TRILLION i
s traded every single day. By far more then all the stock, bond and
futures markets of the entire world combined! Forex or currency
exchange is the term used to describe the trading of world currencies.
A trade occurs when a trader simultaneously buy of one currency
and sell of another one. E.g., to buy British pounds with US dollars.
The currency combination used in a trade is called a pair.What does
a forex trader do? Simple, buy a currency at a low value and sell it
at a higher value, and in the process profit from it! For example,
buy Great British Pounds with US Dollars, wait for the Pound rate
to go up and make money! This can be done several times a day
if the forex trader is a day trader or several times a week or month
if the trader is a forex swing trader.What are the main benefits of
trading in the forex market?Many currency pairs are very volatile.
Volatility means that they move a lot during the day, from side to
side, allowing traders to capture sometimes 5-6 price swings per
day, each one potentially allowing the trader to make impressive
profits.5-7 currency pairs to monitor (instead of over 10,000
stocks!), no commission trading, guaranteed fills for stop losses and
limit orders, impressive leverage. The forex market is a 24 hour
market. Never stops. This means that as a forex trader you can
chose exactly when to trade. Some traders have day jobs and do
not have the necessary time to trade during the day so they can
trade at night. People who make their living as forex traders can
chose to trade any time of the day or night. The point being, a 24
hour market allows the trader a lot of flexibility.What are the
Exclusive benefits offered by forex trading?
An incredible benefit of the forex industry is that today all forex
brokers allow traders to open free demo accounts. This demo
account has the full capabilities of a "real" account including live
market rates, access to real-time market analysis, and the
ability to execute trades off streaming prices. This means that
the trader can test his or her strategies without risking a single
dollar! No other business opportunity allows you to see if it
works before you spend money!Making a living as a forex trader
allows you to be truly free! No office, no workers, no inventory,
no marketing worries, no advertising, no selling. Learning the
right forex trading system allows the forex trader to trade by
just following simple rules. If A happens and B happens then do
C. This is called mechanical trading. It requires absolutely no
discretion, interpretation or thinking from the trader.In conclusion
, Learning forex trading provides all level of investors with a lot
of opportunities that many markets and industries do not provide
. The reason many people have not heard of this opportunity
until recently is that until not long ago trading currencies was
reserved to the big dogs (banks, institutions, companies etc).
Today with the help of the internet anyone can take advantage
of on-line currency trading that was once reserved to an exclusive group.

Perks of Automated Forex Day Trading

Are you interested in automated forex day trading? There are many
things that you should know about automated forex trading, and thi s
is a great place to learn about it. The idea of automated forex day
trading is recently getting more and more popular. Futures exchange
was the first to adopt this system and later on, the FX market
followed suit and employed automated forex day trading.
- Efficiency
This system is very efficient and successful because of its capability
to carry out a deal or a trade - real time. This means that there are
no lags and fewer complications when trading and these results to
more income generated. Achieving this level of efficiency is very hard
to do by manual means especially if the decision to trade or not to
trade can only be done in a time window of a few seconds. There
are even instances wherein the window of opportunity is just a
few milliseconds! There are instances wherein the trader is not
in his desk and the opportunity suddenly presents itself, while
sometimes a trader will skip deals for a while if he recently came
from losing deals. These factors are eliminated by an automated
system.
- Versatility
An automated system allows you to trade in diverse fields. It makes
it possible for you to trade in varying markets as well as an array of
time zones. Many trading models can be used by the trader since
the system will be the one managing each trading model. Short
term data can be analyzed by the system and this provides you
with an advantage since you can use the data analyzed for making
decisions based on what is currently happening in the market.
Analyzing where the market will go in the next 15 or so minutes is
impossible without using an automated forex trading system.
- Improved liquidity
Liquidity is greatly improved by the use of automated trading
systems. This can be deduced by observing the behavior of the
futures exchange market after employing an automated forex
trading system.
- Setback
Traders are foreseeing that a problem may arise when the time
comes that all traders will adopt the automated system. The
volume of orders may be so great that the existing bandwidth
as well as current equipment used may not be able to accommodate
this influx of information in real time. Existing systems might be
able to carry the load and crash which will result to chaos in the
market. As of now, safety controls have been created and set in
place to prevent this scenario from happening.
- Risk Management
Another big issue that concerns forex traders is risk management.
Even automated forex trading systems require a risk management
tool to ensure that there are no errors while trading. Risk
management tools requires that before opening a position, checks
should be conducted to ensure that no excessive correlation is
present in already existing positions. To be 100% sure that the
check is accurate and free of error, the whole system must first
be synchronized. But as the technology used in forex trading
progresses and evolves, these will no longer be issues to be
concerned about.
There are even instances wherein the window of opportunity
is just a few milliseconds! There are instances wherein the
trader is not in his desk and the opportunity suddenly presents
itself, while sometimes a trader will skip deals for a while if he
recently came from losing deals. These factors are eliminated
by an automated system.
These are some of the things that you should know about
automated forex day trading. The information provided here
will give you a better grasp and knowledge about this topic.
Hopefully this will be helpful when you are deciding to try
this kind of business.

Forex For The Future

A non-geographical, existential market, the foreign exchange
market exists wherever one currency is traded for another.
Far and above the largest market in the world, the $2 billion
traded every day includes trading between large banks,
individual investors, corporations, governments and various
other institutions.
Established in 1971, Forex trading has only recently become
an individually traded market. Until the present time, only
major institutions could trade on this market. Retail traders
are currently a small, but constantly growing, part of the Forex.
Ten years ago, the Wall Street Journal estimated the daily
trading volume in the forex market to be in excess of $1 trillion.
Today that figure has grown to exceed $1.8 trillion a day. Based
on the Bretton Woods Agreement of 1945 aimed to stabilize
international currencies and prevent money fleeing across nations
, the U.S. dollar became fixed at a rate of $35 per ounce of gold.
Thus, the gold standard was formed and Forex trading became
a possibility. But only in 1971, when the Bretton Woods
Agreement was abandoned, was the Forex market established.
By 1973, major currencies became free to the push of supply
and demand. The power of speculators came to be.
With the advent of technological innovations like computers in
the 1980's, money was soon able to be traded across time zones.
Within minutes, like never before, massive amounts of currency
could be exchanged. Today, London holds the world's largest
international financial center and the major site for Forex trading.
The interbank market is beneficial for both the major commercial
turnovers and large amounts of purely speculative trading
that takes place on an everyday basis. Some large banks trade

billions of dollars daily. While some of that trading is on behalf
of the bank's customers, much is for the bank's own account.
Until recently, brokers on the market did most of the business
of trading for a small fee, but now individual investor's can
jump in on their own.
The benefits of individual investors gaining hands-on access
to Forex trading really came to be when the large inter-bank
units began to offer small traders the opportunity to buy or
sell smaller units (or lots) on their own.
At present, the Forex market is appealing because of its
massive trading volume, extreme liquidity, the number and
variety of traders in the market, long trading hours, factors
that affect the currency exchange rates and the geographical
dispersion of the market.
Between April 2005 and April 2006, Forex trading increase
by 38 percent and has more than doubled since 2001. This
can be attributed to the increasing importance of foreign
currency exchange as an asset and an increase in fund
management assets. Also, the vast array of execution
venues, like Internet trading platforms, has also made
it easier for retail traders to trade.
In May 2006, a European exchange survey company
found the top 10 investors in the Forex market were
mostly American banks such as Bank of American
and JP Morgan Chase, as well as international investors
like Deutsch Bank and Barclays Capital.
Trading on the foreign exchange market is up and coming

Forex - You Need A Real System!

Although it has been some years since I was actively involved in trading,
I have just returned to the markets and have begun to trade a small
account on my own behalf. This has perhaps given me a slightly skewed
perspective of the markets, almost like a new entrant, but one with a lot
of experience.There have been some big changes whilst I have been
inactive, not least in the number of online brokerages fighting for every
dollar.But many things stay the same, at the heart of which is one, I guess,
unbreakable truth. Trading is basically a very simple business, with any
trading stocks, options, FOREX, whatever only really involving three
steps:1. Find several possible trades evaluate them and decide which to
go for,2. Calculate how much to trade, and decide at what points to enter
and exit the market3. Keeping an eye on, or monitoring, open market
positionsNow, these three steps were basically all there was to it a few
years ago, and they still And, guess what, people are still getting totally
bogged down right here, at this early stage of the trading process,
generally, for one of two reasons.The first possible reason is that they
simply are not aware that these are the steps involved in the trading
process, or (the second reason) they have no clearly defined rules for
actioning these steps. Thus, less experienced, more nervous, traders
an often take hours to evaluate a small number of potential trades.
Experienced day traders, on the other hand, are fully aware that,
with little time available to execute their trading, they must have
a process plan and they must stick to it.

A day trader will set out his (or her) plan of action something like this:
1. Recognize the opportunity, enter the market2. Stay in the trade for
as long as possible if it is going for him or3. Get the heck out of there
with minimum losses, as soon as it is clear it is going to go the wrong
wayThat s it! That s essentially what a day trader in any market was
doing years ago, and that is what a day trader is still doing today, with
little or no change to their working practices brought about by the vastly
more advanced technology of today.Savvy day traders learn very quickly
that they must plan ahead of time, so that they are in prime position to
take full advantages of the opportunities that occur in real time.Thus,
day trading, which on paper at least is a pretty dangerous and risky
manner of working markets is, in fact, one of the most disciplined trading
schools! By the nature of market movements and the way they operate,
day traders simply cannot afford to run their trading business on a wing
and a prayer!

Swing Trading For Profit a Live Example

Swing trading is one of the best ways to make money i
n forex trading, it's also a lot easier psychologically than
trend following.
It's therefore a great way to trade for novice traders.
Over the last few weeks we have looked at some live examples:
Banked 4 profits, scratched one trade at break even
and have one open. Let's look at it and another potential
opportunity.
First why is swing trading an easy way to trade?
When we say is easy, we mean psychologically.
You get in quick with low pre defined risk and you're normally
out in 2 - 5 days with a good profit.
This is much easier than long term trend following, in that
you do not have to wait for months and see dips eat into
your open profit.
Long term trend following is highly profitable but requires a
lot more discipline.
We personally mix the two ways of trading to gain some
diversification
of style and smooth the equity curve.
Swing trading basics
We normally look for important chart support and resistance
and trade contrary to it.
We wait for prices to test these areas and watch for stochastic
momentum to fall against resistance or rise against support.
Then we know the level has held and trade off it.
We also use RSI and Bollinger bands to define targets
and that's it.
Nice ands simple, but can be very profitable you can r
ead more about
this method in our other articles.
British Pound
We are short at recent nearby highs and would look for a pop to the
downside to Fridays low or near the middle of the Bollinger band.
Stochastic is weak at present and odds favor a bit more to the
downside.
With swing trading you don't want to hang around to long, get out on
specific target and that's very close now.
Another opportunity
Lets look at another potential opportunity that's could be shaping up.
The euro is trading near its highs and the spike high on the chart is
resistance. Stochastic momentum is waning and a cross with bearish
divergence will put the odds in favor of the bears.
The important point is to wait for confirmation of the crossover -
the target is then Fridays low just above the middle of the center of
the Bollinger band.
Finally
The tools used swing trade are simple and easy to use, but that
doesn't mean they can't make profits as we have shown.
Importantly, for novice traders the discipline needed to trade this
way is a lot easier.
If you practice a bit and learn to spot the set ups you will soon be
able to spot some great low risk high reward trades - Good Luck

Forex Trading

Forex trading, or foreign exchange current exchange trading, is a global
phenomenon
This is the single largest market in the world. There are many different
market sectors
that are involved with Forex trading. These include, but are not limited to;
" Banks
" Corporations
" Governments
" Individuals
What is Forex trading you ask? At its simplest, Forex trading is currency
being traded for another currency. However, Forex trading is anything
but simple. The market has massive trade volume and is very fluid. Not
to mention the hundreds of different currencies being traded and their
ever changing value.
Forex trading is a very focused area of trading, but the amount of time
and
energy most people and companies spend getting trained and educated
on Forex trading and its inner workings and pitfalls, is at least as much
time as it takes to learn the stock market.
Because of the complexity, Forex Trading is not your typical overnight
success operation. There are many large corporations, such as GCI
Financial which is a market leader in this space.
Forex trading is unique in that everyone does not have access to all of
the same information and prices at the same time, as they do with the
stock market. I won't get into specifics here, but basically there is a
tiered level whereby different levels of access are given to the Forex t
raders and Forex firms.
The other main thing to remember about Forex trading is, until such
time that the world adopts a single currency, Forex Trading will be
around for a very long time.

Choose Your Online Forex Broker

Online Forex brokers are known to be a required evil if you are
 going to trade in currency. There are also those people who are
eligible to trade without outside assistance, but for the normal
 trader, enforcing to trade on the Online Forex market with no
broker is like trying to chase a grizzly bear with a soup spoon.
 Your chances of achievement are actually very low, and there is
 a distinct option you would get hurt quite badly. Of course
choosing the incorrect forex broker might return results same as
 to the sick fated bear hunt. That is why it is significant that
you select a broker in the right way.First thing to be considered
 is to be sure that the broker you choose has the proper
qualifications. When you look at the brokerage firms in the
United States, immediately exclude those that are not registered
 as a Futures Commission Merchant (FCM) with the Commodity Futures
 Trading Commission (CFTC). This is again important as this
 designation means that you are confined against scam and any possible
 abusive forex trading practices. Covering your personal security
before a forex trade has been made is a high-quality way to wade
gradually into the forex currency market.

Once you have removed the ones who do not have the required
 qualifications, and now have a short list of potential, the
internet comes into picture. Just don't go with the brokerage firm,
 which has the best profitable, or gets the most excellent "Law and
Order" individuality to assist in the following advertising, research
 your choices. A superior idea is to send some effective emails to
your customer service people. Estimate how long it takes them to get
in touch to you. This is, after all, a customer examine ambitious
 profession.

Once you are pleased with a firm's experience and customer service
practices, its time to get down to your self-assurance tacks. Online
 forex trading speed is forever an issue, so find out how fast it
 takes your own potential online forex broker to carry out an order.
 Also, you would desire to know how much slippage could be expected.
 This needs information, which could be discovered in a phone call,
or any email to customer service. You would desire these answers not
 only for regular markets, but for fast moving ones as well.