Forex Trading – Tips and Tricks

Always keep your trading systems simple. Too much information at one time on your trading screen could confuse and delay your decision to trade.

Broker – A lot of Forex brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.

Sample the Environment – It is important to remember that many registered and online trading agents have fictitious platforms which mirror the real-time, live platform clients register and trade on. It is not only advisable, but it is also actively encouraged to initially open a ‘dummy’ account where fictitious Forex trades can be undertaken that closely reflect what real trades may be like when they are eventually undertaken. Such platforms are designed to give those that are new to Forex a feel and an idea what real trades on live markets will be like when the decision is made to begin trading.

Buy low, Sell high – Forex trading does not involve the physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs. The potential for profit comes from the fluctuations in the currency exchange market. Regular daily fluctuations in the value of one currency against another give a clear advantage over conventional stock market equities and instruments. See Trading Illustration Only

Manage Losing Positions – Trades will sometimes inevitably on occasion go against you. It is important to accept them as an inherent part of trading. Cut your losses and move on having learned from any mistakes made. Always remember however that you will not be able to trade without losing some positions. It is important to manage these well.

Patience – Do not over-trade your account. Good money management practice is important and will help with profitability. This will go a long way in helping you develop a strategy which fits with your personal trading capital. Operate a trailing stop loss policy say 15 to 20 pips behind the trade. Minimize your good trades as long as you are confident.

Flexible Mindset – Don’t set yourself false targets and expectations. Experts will tell you trading is not an exact science and setting oneself unattainable targets will only lead to frustration and feeling of failure when these targets are not met. Always maintain an open mind. The market is a constantly changing environment tunes your mindset to understand this.

And lastly but definitely not least, it is most important for all market participants to remember that unique experiences and past performances do not guarantee future results. Trading results can vary in any combination of circumstances. If you do not have extra capital that you can afford to lose, you should not trade in the foreign exchange market.

Invest wisely and take advantage of the resources and technology available to you in the market.



Source by Ladi Dairo

Forex Tools For The Forex Market

The old saying, “A carpenter is only as good as his tools,” is true for so many things but is particularly true for trading the Forex market. Forex tools such as Forex RSS, the Forex toolbar, and a Forex widget can become indispensable in a well equipped trading arsenal. If a Forex trader is blindly trading the market on his hunches, he should be in Las Vegas because at least then he could see a nice show before he loses all his money.

The typical trader has a few screens in front of him. At least one of those screens should be displaying his Forex tools with the appropriate RSS feeds. For those unfamiliar with Forex RSS (standing for ‘really simple syndication’) it’s a method of receiving information immediately. In the kind of atmosphere presented by Forex trading, the only problem with immediacy is that it doesn’t happen fast enough. That’s how quick the market can be.

There are a couple tools that can provide the necessary information every trader needs at his fingertips. A toolbar provides links and information and is constantly displayed so there is no searching and fumbling. A Forex widget embedded on a website is a great tool and is always updated giving current quotes and information.

Many Forex portal websites offer their articles and information through Forex RSS, which means if you have an RSS reader such as Google Reader, you will be automatically updated throughout the day (and night). A Forex toolbar on any one of your screens will also do the trick.

Charts should always be only a click away and having them available easily is crucial. Whether it’s through a Forex widget, or a Forex toolbar, you shouldn’t have to spend any time searching for the information you need. Fundamental news is coming out all the time and can blow the charts away. Unless you’re connected to Forex RSS, you’re going to lag behind thousands of traders ahead of you.

Forex trading is your business, and you want your business to be well equipped. Considering that most, if not all, Forex tools are free, there is no reason not to take advantage of the situation to the full extent.



Source by Gil BZ

Automated Forex Trading Software to Make Money Fast Online

One thing is for sure, there is not a forex trader around who cannot get better and one way to improve your trading ability is to use automated forex trading software to add a few new tricks to your bag. Some traders believe that not only can it help them make money fast online, a software forex robot is also very good at helping you to add profitability to your good trades and decreasing your losses on the bad ones.

This software forex robot is not something to replace the trader, it is actually quite the opposite. You are still going to have to know the basics of trading and set the software within your limits, but a lot of the manual task work and guess work is taken out of the equation.

Once you get the forex software rolling, it is quite obvious that anyone involved in the forex market should want to use it. No more figuring out numbers by hand or even keeping records, the software will handle all of these mundane tasks for you.

One thing that a lot of people do not consider when they are talking about automated forex trading software is that it can not only handle the basic tasks for you, but it can ever teach ‘an old dog new tricks.’ There are different simulations or backtesting that you can run to help increase your every day skills as a forex trader. Everyone involved in forex trading should always seek to learn as much as they can at all times and this software is a wonderful learning tool.

While the automatic forex system is definitely great in most areas, it does have a few shortcomings. The most prominent of these is the software’s inability to compensate for a sudden change in the market that is based off late news. Whether it is the database information or some other reasons, the forex trader themselves will need to keep an eye on the trades when this happens to ensure that their money is protected.

As we mentioned before, this forex software is not to replace a trader, it is more of a tool than anything else. The value of it is in its ability to track and record all information and to keep an eye on your forex investments. In just about all areas it is very successful in doing just that, but this one small shortcoming will have to be watched. Regardless, this is something that every successful forex trader needs to educate themselves on and use in order to increase their level of success.



Source by Daniel S.

Automated Forex Trading – Many Advantages

Here is a question many people have: automated Forex trading, use a broker or try to do your own trades. Which one?

Automated Forex trading basically puts you in sync with the Forex market itself. Why? Because the Forex market is very liquid and fluid, and so is automated Forex trading. The Forex market operates 24 hours a day, and can change very, very quickly.

By engaging in automated Forex trading, you can place your trades based on trends you see and have them go through right when you want them to. In fact, you do not even have to sit there and watch continually to place your trades right. Instead, you can tell your software when you want to place trades, and even when you want to get out of a particular trade based upon trends you see. By contrast, it may to slow you down significantly if you try to place trades manually or if you use a broker.

Some caveats:

Of course, Forex trading, just like any other type of trading, has its risks. It is true that once you know what you are doing, automated Forex trading lets you take advantage of the Forex market to the greatest degree. However, you do have to know what you are doing. For this reason, it is advised that you sign up for a demo account through one of the Forex brokers online, and practice until you know the Forex market well.

Do some study on the market and on the different types of analysis.

For example, it is advisable to study a couple of different types of analysis and learn them well in order to be able to spot trends in trades. One of these types of analysis is called fundamental analysis. Fundamental analysis studies a particular country’s social, economic and political health. Why is this important to Forex trading? Because if a particular country has stable social, economic and political health, its currency is likely to be “healthy” and stable, too. However, if a country’s social, political and economic health is unstable, then it is likely that its currency is going to be significantly devalued and not have enough power versus another currency. This is valuable information to know, because it can help you predict which currencies are going to do well against others, and therefore take your currency pairs based upon this knowledge.

Technical analysis is important, too. With technical analysis, you can spot trends in currencies and make trade decisions based upon them. If a currency has been performing well in the recent past, for example, it is likely that it is going to continue to do well. By contrast, if a currency has done poorly recently, it is likely that the trend is going to continue, too.

Once you have studied the Forex market, have opened up a demo account to practice with, and feel ready to do so, you are ready to start trading on your own. Automated Forex trading puts you right in the flow of things, so that you can trade in an instant, based on trends you see and, therefore, work with the Forex market instead of against it; this is what is going to help you see greatest profits. And because you do not have to be right there all the time to make trades instantaneously but instead can schedule your trades based on trends you want to work with, automated Forex trading is a great way to participate in the market. Check automated Forex trading out for yourself and decide if it is right for you.

Copyright by Lanval, Corp. All rights reserved worldwide.



Source by Karielle Samstad

PHP Beginner – Create a Random Text Generator

Overview:

When creating a website, it is often necessary to display dynamic text on the page. This text will change every time the page is loaded.

To create this solution, a database could be used. There is however another solution, it uses PHP’s built in rand() function and an array().

PHP Functions

PHP has hundreds of functions to make programming easier and more efficient. A PHP function is a built in piece of code that when called, performs a specific ‘function’, or routine, and then returns the result.

For example, the strlen() function takes in a string (a series of characters), and returns the length or how many characters that string contained. Here is how it works:


$myString = “The long day is now over!”;

// create a variable to store the length of the string

$stringLength;

// call the function, and pass the string to it

$stringLength = strlen($myString);

// send out the length of the string to the screen

echo $stringLength;

?>

The Output would be ’24’, because there are 24 characters in that string (include the white space character).

Rand() Function

PHP has a built in function that will generate a random number between a range. To use it, put a starting number in the first parameter location, and the end number in the second parameter location. This will create a range.

For Example:


rand(1,3);

This would generate one number each time, and it could be either 1, 2 or 3.

PHP Array

When using PHP, an array can be used to store any kind of data (strings, numbers, objects, arrays, booleans). We will use an array to store text (a string).

Arrays store information using a KEY – VALUE notation. The Key is the location of our stored text in the array. The Value is the actual text we plan to store. Here is how it looks.


$myStorageArray[KEY] = VALUE;

The KEY is a whole number, like a 1, 200, or 342. The VALUE is a string (a string is a series of characters wrapped inside single or double quotes). So the correct usage would look like this:


$myStorageArray[1] = ‘I am six feet tall’;

$myStorageArray[2] = ‘My hair color is brown’;

Do you see how it works. Put a unique number in the KEY, and set it’s VALUE to whatever text you want to store. The key is the location, and we will use it later to pull the data (VALUE) back out to print it to the screen.

Random Text Generator

Putting it all together, we will use rand() and array(). Rand() will generate a dynamic number and the array will store our data that we will retrieve dynamically.

Our task is then a simple matter of using the random number as a KEY to see the VALUE of the array. Here is the full code.

// store my quotes

$myQuotes[0] = ‘he who works, will achieve something – we hope!’;

$myQuotes[1] = ‘the early bird gets the worm, or something else with dirt’;

$myQuotes[2] = ‘that which does not kill me, hurts a lot’;

// get a random number (0,1,2)

$randomNumber = rand(0,2);

// output the value of my array based on the random number

echo $myQuotes[$randomNumber];

?>

The $myQuotes array stores 3 of my favorite ‘modified’ quotes. The $randomNumber variable will contain a 0, 1, 2, and is used as a $randomNumber variable and placed in the KEY of the $myQuotes array. To make sure this will work, choose consecutive numbers – 1,2,3 or 4001, 4002, 4003, etc.

Every time the page is loaded, the echo statement sends one of the 3 quotes to the screen.

Conclusion

Using only simple PHP tools, you are able to quickly create a dynamic text generator using only rand(), echo, and an array. A simple, but very powerful PHP trick. The array can have as many KEY-VALUES as you want, just remember to increase the size of the random number range to see all of your values.



Source by Paul Markovich

Freelance Writers: Ditch Queries, Cranky Editors & the Starving Freelancer Existence

For freelance writers (and other creative professionals) to ditch queries, cranky editors and the starving freelancer existence, they must first change their mindset. To accomplish this, their mission needs to be ditching the notion of depending on the whim of large publications and / or companies to make a living .

I've conversed with many freelancers about the number of large, national publications / companies that want quality writing, design, artwork, etc. for their publications, but take months to answer questions, make freelancers wait even more months to be paid, pay paltry for the assignments to begin with, cancel gigs for no reason at all and treat freelancers little better than unnecessary cogs in their money-making wheel.

Freelancing is extremely competitive. Here, freelancers (writers, editors, web designers, illustrators, etc.) need to think beyond traditional outlets for getting work. This way, they become less dependent on the "majors" (eg, national magazines, blue-chip companies) for their living. There are so many ways for freelancers to use their editorial and / or creative skills that they do not have to turn their power over to any one company or publication.

Below are some of the more nontraditional ways that I've written about to make money if you are an editorial and / or creative professional. Eg:

Start a Virtual Assistant's Business

Niche Writing for Business Professionals

Start a Joke Site

Create Online Educational Seminars

Scriptwriting

The list is endless. So, instead of composing a query and waiting months just to hear if you got the assignment – much less how long you are going to have to wait to get paid for it – QUERY YOURSELF about how you can make freelancing a profitable way of life, not a starving existence. Happy writing (editing, designing, illustrating, etc.)



Source by Yuwanda Black

What In The World Is Forex Training?

Forex trading is an abbreviation for Foreign Exchange Trading. At times, it is also known as “FX” however that particular nickname frequently gets people confused, because FX is also shorthand for “special effects”. It is also the name of a cable channel. With the introduction of the Internet Forex trading has exploded in popularity. You would be unable to do forex trading without Internet access.

What Is an Over-The-Counter Market?

One of the benefits of educating yourself in Forex training that you do not have to do it through a broker. You have the ability to accomplish this yourself via the almighty Internet. Because of this reason, professional stockbrokers as well as the business press frequently refer to any stock play that you can accomplish yourself as “over-the-counter markets”, or OTC markets.

This is a not so subtle tongue in cheek type of nickname as a comparison of Forex to over-the-counter medication in place of the frequently more powerful medication that you would need a prescription for from a doctor.

So, What Is It, Already?

In terms of Forex training, what you do is download a program so you can learn Forex trading. You would do everything that you would normally do in Forex trading, only you would not be using any of your real money.

It is best if you take at least two months of educating yourself in Forex training software prior to you putting any type of real money into it. Nevertheless, not everybody has the ability to get rich, or even break even for that matter, with the regular stock market, much less Forex trading.

You can get Forex training software packages that are free from various Forex websites who are in the hopes of getting your business eventually. They are sort of like free samples that you would get at a cosmetic store. They would rather give you a period of game trading and are more than willing to lose some of the short-term profit so that they can reach the long-term financial goals with getting repeat types of customers.

Additional Advantages

Other benefits are that you will not have any commissions to pay, the brokers typically make their money on the spreads and there is a consistent flow of people who wish to trade, as everybody wants money.

The odds for the average individual to make money are typically higher with Forex trading then with the traditional stock market. You also have incredible leverage you can employ in your trades (also known as gearing).

There is quite a bit more to Forex training than the actual scope of this article can furnish. However understand that Forex training is not a surefire method of making money. It is also not a simple or easy way of making money, there is a lot of education as well as gambling involved. Over 50% of Forex trading is speculative in nature, which actually means, taking a gamble.



Source by Korbin Newlyn

Forex Trading Strategy That Works?

Here is a great Forex trading strategy that works very well for me. No it’s not the regular advice that you get everyday from other traders that are probably losing their money in the market too. Most people will advice you to read all the books about Forex, take all the courses out there, practice for 5 years then see where will that take you. We know that this is non-sense.

When we decided to invest in the Forex market it was because we want to invest money and see some returns quickly without having to go through a learning curve that takes forever, then if you got really lucky it might work for you.

I decided to take a different approach and think a little bit out of the box. I figured, I don’t have to be an expert in Forex to make money in that market. Let me give you an example. If someone filed a lawsuit against you, You don’t have to study law for 10 years so you can win in court! You simply hire a lawyer that knows what he’s doing to take care of that for you.

It’s the same thing here, I am an investor I need to make money investing in Forex. There is no point in studying it for years and try to come up with strategies that only god knows if it will ever work or not. I even end up spending money on training courses and I find my self in the end losing money without even getting started in trading.

I took a different path, some might call it laziness but I frankly don’t care. All I care about is to see returns on my investment without learning how to trade from scratch for years. I invest my time looking for qualified traders that have a track record and the skills to increase my portfolio safely every day. There are traders all over the world with outstanding trading skills there is nothing wrong with hiring or following some of them and in return they take a small cut, at the end of the day everybody is happy.

It’s not an easy task to find a good trader with the skills needed to trade your money, But it sure is much easier for me than trying to learn all about Forex for years and even spend tons of money on courses and EAs. Let me tell you the key features that I look for in a trader. There are 7 key features makes a trader qualified to trade my account and I am going to share them with you.

The 7 Key Features/Skills That Makes a Trader Qualified To Trade For Me:

  1. Risk shouldn’t be more than 3% of the account in a single trade.
  2. A track record and history of live trading on a live account for at least 1 year.
  3. Risk:Reward ratio 1:1, I prefer 1:2 meaning profit should be double the risk.
  4. Open positions shouldn’t be more than 3 at any given time.
  5. No Scalping! I don’t go for 3-5 pips in profit per trade that doesn’t work.
  6. There should be always a “stop loss” and a “take profit” target in place.
  7. SL targets should never be bigger than the TP targets.

Take the time to check online traders, and I mean real traders not robots. Make sure they have the above skills, study their history carefully and start partnering up with them. Trade a small amount of your capital and as you get comfortable increase your trading balance a bit by bit. This is a very realistic approach, and it works. I advise you to cut your losses today stop spending money on courses/trainers and look for real traders that can actually trade and help you grow your portfolio.



Source by Mohamed Rabea

At Home Money

We all want more at home money, meaning money you can make from home in your spare time. No matter how much a person might make, when it comes to income we want more! Why is this – because it is what we need to get our basic needs? If you don’t have a means to earn it then you can’t get more basic things, it’s that simple.

And now in this reality we are facing in this world today we simply need more than one way to earn this money. Having a plan B these days is a must! Not just a passing thought as when times were better. Earning at home money is something that can be done in spare time. But also should be something you truly enjoy. So in order to have this you must consider certain things.

a. Provide a service in return for money working from your home.

b. Have a product to provide in return for money made from your home.

It must be understood that this will be your at home money making business, so you control the time spent making it work for you.

In the first instance persons must come to your home so you can provide the service they wish to receive, this can interfere with time spent with family, and you are not able to leverage other persons to help it grow. You only receive the at home money when you provide this service.

In the second instance you have a product that others want and need and will buy, you also will have the ability to leverage others to share this product and bring at home money by leveraging them sharing the product as well. And at the same time they are also introduced by you how to earn as well.

This will allow unlimited at home money earning potential and also free up even more time for you as time passes yet your at home money business continues to grow. This is the plan I recommend!

Now that you have this knowledge how will you use it?



Source by Todd Sinnard

Money, Money, Money!

One of the paradoxes of abundant cash flow is that the more you ‘need’ money, the less it graces your world. The more you focus on money as your outcome, the less that money manifests in your world. That’s because something is seriously flawed with this model of abundance.

Let’s say you want to have a six-figure income. You do the work to create awareness around your limiting beliefs, you invest your energy in clearing the patterns, set your intentions, practice visualizations, take action, take action, etc. What you may not realize, is that you are literally creating separation between you and your source of abundance by focusing on what is missing in your world.

When you ask for what you want, when you express a need, you are highlighting a state of lack in your world. You are shouting from the mountain tops that you are not enough. This won’t flip your abundance switch on!

Here’s the thing, chances are it’s not about the bucks! Most often what you really want is what you ‘think’ money will give you… security, freedom, influence, etc. At an even deeper level what you probably want even more is to do what makes you come alive. So, why focus on the money, when what you really want is a life of meaning.

“Whether you are consciously aware of it or not, deep inside you are seeking growth and aliveness, wanting to manifest your potential and be all you can be.” ~Sanaya Roman & Duane Packer

If you’d like to have more money so that you can have more freedom in your world, try creating more freedom in your life and notice how abundance flows your way. Here’s the shift I’m inviting you to explore: engage money as a tool to help you more fully express yourself and your potential, not as something you need to fill a ‘less than’ experience.

Let’s explore how to bring this into being in your world. Grab a pad and pen and let’s dive in:

1. What is the one thing – that if you had it right now – would totally flip your world?

2. Think of three ways that you can have the essence of that right now.

3. Jot down the qualities that would support you in bringing those things into being right now. Who would you become if you expressed those qualities on a daily basis? Imagine yourself as that fully expressed being and feel what it would be like to be that ‘you.’

4. Spend 90% of your energy focusing on the joy of having what IS already abundant in your world. Bring the qualities of your being that liven you into play as much as possible.

Your ability to experience abundance in your world is directly related to your willingness to embody possibility and aliveness on a moment by moment basis. Choose expansive experiences and abundance will saturate your world. It’s inevitable!



Source by Adela Rubio