Learn Online FOREX Trading – Currency Forex Online Software

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In today’s modern society, there are a number of ways to earn money. Gone are the days when people used to travel miles and work in the offices that too under severe pressure from the bosses. Now everything has improved including the style of working.

Most of the new generation wants to have freedom and flexibility in working hours. This demand led to the development of various income generating streams or otherwise called as making money online. Of course, there are different methods to earn money online; each has its own pros and cons.

A new service known as FOREX trading came into existence, here the people trade currency and make money out of it. Earlier, domestic stock trading is considered to be the biggest earner. But this Forex trading has crossed new boundaries. You can make millions of dollars by trading forex online that too within a short time.

Undoubtedly, Forex is the largest financial market that is being operated from all the parts of the world. Thus, the name Online Forex Trading is widely used by the financial advisors. It has a great earning potential and thus many people quit their day jobs and start online forex trading.

As you know where there is a flow of money there exist risks too. Don’t be under the impression that you can simply enter currency forex trading and make millions out of it. First of all, you have to Learn Currency Forex Online Trading and get into it by applying sound strategies.

The theme of the currency forex trading is that you have to buy low and sell high in order to make profits. So you have to get equipped with the right skills to trade the online forex market from the comfort of your home. Equally important is minimizing the risk of losing money.

Thanks to the advanced technology, all these stuff are now handled by the Online Forex Software. They analyze all the market situations and assist you in trading currency forex market. They not only guide you by sending the trading signals, but also guide you when to enter and when to exit out of forex trading.

You don’t have to need special things for the online forex trading software. An internet connected PC will does everything for you. Automate your earnings through Forex Trading Software and minimize the risk of losing money.

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Source by Cher K Markov

Forex – A Survey Rating Three Top Retail Brokers

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Perhaps you are considering or have already decided to enter into the fascinating and potentially lucrative foreign exchange (FOREX) market. You may now be wondering how you should go about choosing one broker over another. As you might guess, each has advantages and disadvantages. This article will help you to explore some of the aspects of doing business with three of the top retail FOREX brokers in the USA.

This author has test-driven the demo platforms provided by these FOREX brokerages. They are Oanda, FX Solutions and InterbankFX. These brokers were chosen for review due primarily to their popularity among retail traders. Some of the basic findings are incorporated into this article. A more extensive coverage of the areas of comparison is beyond the scope of this article. Depending on the individual trader’s preferences, there is, however, enough critical information supplied here to provide a basis for making an intelligent choice from among the several brokers named.

Cost of Entry

A very pertinent area of comparison is the minimum amount required for opening an account at each broker. Opening a trading account at Oanda requires only $1. Risk concerns aside, this theoretically opens up the window of opportunity to virtually anyone, including those well below the poverty line. Of course, a more realistic view for wealth building would require a substantially higher amount. Financial longevity and successful trading is difficult at such a low level of capital investment.

The minimum amount required by both FX Solutions and InterbankFX for opening a live account will set you back $250.00. Although this is substantially higher than what Oanda requires, most investors would probably want to start somewhere near this level, at a minimum. The rationale for needing a higher starting amount has to do with the potential for draw-downs. A draw-down occurs when your trading position is in the negative because the market is trending against the direction of your profit target. Consequently, the lower your capital investment, the quicker it tends to disappear.

Customer Friendliness

As for rating the customer friendliness of each platform, it appears that Oanda’s platform may take the top spot. The trading charts are above average and built directly into the platform. Although all of the platforms have quite a few bells and whistles, ease of navigation must be present to win the top spot. For example, if you trade based on the release of certain economic news events, you will undoubtedly find that it takes less time to set up on Oanda than it does on the other two platforms. Time is of the essence in the fast-paced news trading environment. Depending on the type of trader you are–news trader, short-term, long-term, etc.–you may not need most of the features offered on any of the three platforms.

Leverage Allowed

Beyond the basics of low-cost account setup and customer-friendly platform, Oanda seems to take a backseat to the other two brokers. This is particularly true in the area of leverage. Leverage is the privilege most brokers give you of trading more money than you actually have in your account. Higher levels of leverage have the potential of boosting your profits tremendously. Quiet honestly, your losses can also be enhanced greatly, if you end up on the wrong side of a trade. Leverage is a two-edged sword. The maximum leverage allowed by Oanda is 50:1, while InterbankFX and FX Solutions allow a maximum of 200:1 and 400:1, respectively.

Spread

All Forex brokers must be compensated for the service they offer in allowing you to utilize their platform to place your trades. Rather than earning commissions, the brokers are paid a spread, which is the difference between the ask and the bid price for the currency pair you are trading. The higher the spread, the more the broker gets paid. Consequently, investors will prefer a broker with comparatively low spreads, all other things being equal. Other than at or near the time of an economic news release, Oanda tends to have lower spreads than InterbankFX or FX Solutions. This advantages lessens around news trading time when Oanda’s spreads tend to increase dramatically, as does those of InterbankFX. The distinction here goes to FX Solutions, whose spreads are constant, even during news time, and only slightly higher during calmer market conditions.

Connectivity

Finally, connectivity issues must be taken into consideration.. It appears that the Oanda platform is the most problematic, time-wise and technologically, when new users are attempting to connect. Some users attempting to go at it alone, without the assistance of tech support, find it difficult, if not impossible, to connect before finally being informed by Oanda’s tech support that they needed the latest version of Java to access the platform. Oanda also seemed to have the greatest likelihood of users being disconnected during high-traffic times, such as during major news releases. Of the three, FX Solutions seems to be the most stable, with little or no known instances of major disruption. Past problems with InterbankFX users being disconnected during high traffic conditions seem to have been successfully addressed by the broker.

In the end, the trader must decide which issues are of priority concern and choose accordingly. By the way, there is no law, rule or policy which would prohibit a trader from having accounts at more than one broker. Such an arrangement may allow the trader to take advantage of the various profit opportunities, based on the strengths and weaknesses of each broker.

Oanda, FX Solutions and Interbankfx are trademarks of the companies by the same name and their affiliated companies.

Sandy Robinson, J.D.

Copyright 2007

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Source by Sandy Robinson, J.D.

Earn Money From Home Fast

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If you’re looking for ways on how you can earn money from home fast for you to be able to make an additional income without having to give up your current job or spend more time away from your family and loved ones, you should consider the wide range of jobs that you can get online. These jobs will allow you to earn an amount much more than your previous job.

These types of work opportunities that promises to allow you to earn money from home fast could definitely fulfill your lifelong plans and make your dreams come true because you can earn a great deal of money while being with people that matters to your heart the most. But let it be reminded that your income will still depend on the time you spend for work.

One benefit that a person can get from these works at home jobs is the fact that they do not require you to work 5 days a week for at least 8 hours a day. In fact, a lot of these home jobs could be done at your own leisure. You can work even for 3 hours if you wish, just as log as you meet your deadline and you deliver your work in good quality.

Another point why people would rather opt for this kind of job is the fact that they can be paid instantly or after every after a work is finished hence they can get the fruit of their labor all at once. However, this is not always the case since other employers prefer paying twice a month or once a month depending on what is agreed upon.

Imagine earning more than what you even receive from your regular job. Wouldn’t that be so much fun on your part? No need for you to worry about your future because work at home jobs have got that covered for you.

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Source by Peter C Davenport

Forex Trading Machine – Avi Frister Review

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Forex Trading Machine by Avi Frister is a very popular book based on a mechanical model of trading and therefore uses no pivot points, chart patterns, moving averages, Bollinger bands that require user discretion and judgment.

There seems to be a sudden explosion on the number of forex books bubbling in the market, all supporting a heavy price tag. Warning, most of them are a waste of time. My experience in reviewing them: Big promises, shoddy information. Thankfully Forex Trading Machine is different from the breed and actually delivers what it promises.

Here’s a brief overview of the strategies explained in the forex trading machine:

Cash Cow Strategy is designed with the GBP/USD currency pair. Avi says this pair has been specifically chosen because of its volatility. Using this system you can throw three to four trades a month. The advantage is that you don’t have to stick your eyes to the computer monitor all day.

Flip & Go Strategy is a strategy for day trading .It shows you how to take advantage of a certain characteristic of the EUR/USD pair .

Forex Runner Strategy is another strategy for day trading. It’s purely mechanical and based solely on what price is doing.

Avi also includes a bonus strategy Forex News Trading Strategy.He explains how certain important reports such as the Non Farm Payroll can create moves in the market that can be very significant .

Overall Forex Trading Machine makes a good reading. Avi Frister also has a bonus offer giving Mark Mcrae’s book Trading for beginners absolutely free. Also included is a 56 day money back guarantee.

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Source by Mike Lombardy