Friday, December 4, 2009

Online forex trading


Until you really get into Forex trading online, it will be really difficult for you to understand the true meaning of the title of this article. I will tell you a true story, and I believe myself to be a reasonably sane person, although after you read this story you might not think so.

I am a professional currency trader now who makes a real good living doing it. It was not always that way; I will tell what currency course that provided my first way to let me make consistent money online and started my new career in a second, but for now back to the story.

This is the story, and I could not make this up if I tried. I wish I did make it up; I would not look like such an idiot then. I am about two years into my new career and I make the biggest killing I ever made on a trade, I am talking like in the high six figures, on a low five figure investment. By the way, the Forex markets are the only place that provides you this type of leverage that permits you to make those types of Return on Investments (ROI) in such a short period.

Well, I am on top of the world, I think I am the smartest person ever on earth. I am going to be the next Warren Buffet. Then fifteen minutes I lose an amount in the low six figures on another trade. I lost this much, because I did not utilize the defensive techniques that you can learn in many Forex courses at that time. I do now, I learned my lesson.

So this is what I did; I pick up the computer monitor and I had a big one, a 21 inch model and this was not these new flat screens we all have now, this was one of the olds ones, that were heavy. My office is on the second story of our house and the room has a big double window in it. I throw the monitor right through the window. As if that was not enough, I then go get the computer and throw it through the other window. By the way, they hit right in the middle of the concrete patio outside the windows, at least I am a good shot. I really could not miss, to tell you the truth.

My wife’s comes in screaming, the kids are crying, the neighbors start banging on the front door. Everybody wants to know what’s going on? WOW, oh, WOW, this was a big mistake on my part. After all, I still made a mid six figures income that day; I thought of that afterwards, I just did not think of it at that time.

You should never do this for the following reasons.

A) You just have to pay to have the windows fixed.
B) You have to buy a new computer and monitor.
C) You have to clean everything up, because your wife is sure not going to do it. She is so mad at you at this time, she is thinking of divorcing you.
D) Your kids think there dads a crazy person.
E) You neighbors think there living next door to a lunatic.

Those are just some of the reasons not to do it, there are many more. But, that all happened in one day of Forex trading online. The currency class that first taught me how to make money every month in the markets is called Forex Trading Made E Z. You can check out its website and see if you’re into it. That’s my story for the day, the moral of it all is, what ever happens in the market that day, there is always another day. And NEVER but NEVER throw your computer out the window.

Forex trading only with moving average

At the moment I am rather busy. Moving to a new place and house. The house still needs a lot of work. As a result, I do not have time to update this blog. Trading is still going on but on a shorter timeframe. Result is consistent now. AudUsd is very kind at the moment with no sudden movement.In the next few weeks I will show you how to trade using only MA. As usual what works for me may not work for you. This is because some of you may not be able to follow the rules of the game.RULES OF THE GAME1. Trade based on your capital and the time that you have. The bigger your capital the longer the TF. The more time you have the longer the TF. Vice versa.2. Only trade at the direction pointed by the MA pairs. If the MA pairs is showing mixed direction, do not trade. The MA pairs must be pointing at the same direction.3. If a trade suddenly change direction, do not hesitate to close it at a loss and turn the trade. This is the hardest part where most of you failed. Free your mind or become a loser all your life.4. Keep in mind, there is no such thing as winning all the time. Just make sure you win a lot more than you lose. In the end your profit will grow along with your confident.Simple system with simple rules. I like to keep it simple. No point of having the most complex system when simple system can have the same result. With this system you will be out of the market most of the time. This is because you will only be taking the big move and avoiding the small move and market noise. Last advise. Do not anticipate. Forex is not a game of inteligence eventhough this system at full swing will show you possible turning point. I am having a possible turning point for audusd at 0.7200 but I will not take it coz there will be market swing before the actual turn. Why wast time waiting for the big move when you can actually see when its going to move.In the mean time, good luck for all of you. I will be back once my pc is online again. At the moment I am posting this on a laptop. I dont like laptop, too small keypad, makes it hard to do speed typing.

Market Orders

Forex markets are open 24 hours a day, five days a week except on weekends. You cannot sit in front of your computer screen all the day watching the markets move. Currency traders use market orders to catch market movements when they are not in front of their screens. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen.There are many types of market orders. Proper use of market orders is very critical to your trading success. You should think of the different types of market orders as trades waiting to happen. You are in the market so be as careful as possible while playing with the market orders if you enter an order and the subsequent price action triggers its execution. Trading can be very difficult without these market orders.Professional currency traders routinely use market orders to limit risk in volatile or uncertain markets, implement a trade strategy from entry to exit, capture sharp short term price fluctuations and preserve trading capital from unwanted loss. Market orders are essential for maintaining trading discipline and your peace of mind as a trader.

Invest In Gold

The importance of gold in terms of wealth cannot be undermined. Gold is unarguably one of the most precious elements on the earth. However, the sources are limited. Gold is becoming rarer with each passing day and hence, the price of gold is continuing to rise higher and higher.Invest in GoldTherefore, it is a perfect alternative to trade gold. It is thus advisable that you buy gold when the price decreases in the market. Later on, when there is a rise in the price, you may sell gold in the market. Before you start to invest in gold, it is best to have a perfect strategy for investing in gold. You also have to be familiar with the market that deals in bullion to get the maximum benefits.Invest in GoldNext, investing in gold bullion bars of different sizes and weights like ounces, grams and kilograms is also a better option. To buy gold bullion of 10-ounce bar, which consist of a fine purity of 99.5% is the standard unit and may be the best vital alternative not only in gold trading, but also for personal use.There are many advantages of bullion gold. It is similar to stocks and can be traded at the latest market rates. Gold bullion is not only considered a tangible asset, but also an investment that ensures total security and value during the time of financial inflations or crisis.Invest in Gold Due to the multiple benefits, majority of investors think that it is better to invest in gold certificates. You can trade gold freely in the gold market by investing in gold certificates or funds. Gold funds and certificates are completely insuredFor investing in gold, bullion coins surely proves to be one of the best options. By selling gold bullion, you may earn cash in times of emergencies or urgency, while saving the others. By doing this, you will save some extra expenses. As these coins come in small sizes, there is no need of cutting them in more small pieces.Invest in GoldWhile considering the security in finances, gold bullion bars is the ideal liquid investment. These bars are easy and convenient for transporting and storing. In addition, gold bullion bars are very useful in times of inflation or recession and other such financial crisis.It is therefore good to consider investing in gold. It will be helpful for you to have a fair amount of knowledge about gold trading process and gold trading market before you actually decide to trade gold.