Monthly Archives: November 2020

Minimizing Cash Loss

Forex alerts are softwares that are used by traders to get the information that they need. To make trading more useful, the strategies learned by experienced traders are put into these programs. The programs made by experienced traders are utilized by beginners and average traders to their advantage.

Forex alerts of different kinds are readily available. These are the rate and custom alert and the rate alert. The parameters that control the market are checked with the help of the indicator alert. When the currency pair chosen by the rader have reached a significant price, the rate alert is used for monitoring. Lastly, the one used for reminding the traders the days and times that the foreign exchange market have reached significant levels are the customized alerts.

In order to know what kind of forex alert to use, it is important to know the basis in how they work. It will be easy to get the information you need by keeping this in mind.

A forex alert is just one of the several different important tools used to successfully trade currencies in the market. In order to gain knowledge about forex and when they are active, a forex alert is the most suitable tool that can be used. To be constantly updated with any happenings in the market, then forex alerts will come into view.

In the foreign exchange market, rapid changes in the patterns in the foreign exchange markets happen. Prices could change every now and then. Forex alerts are used to inform the traders everything changes that are happening in the forex market .You can minimize your loss by being constantly informed with everything that is happening.

Forex alerts are delivered to mobile phones and emails. The data will be coming from trade companies or brokers who are online and charge a small fee or even for free. It is crucial to be constantly notified because any change in the currency prices is significant.

Some of the advantages provided by these foreign exchange alerts are you have the chance to do other tasks and work aside from sitting in front of the computer waiting for any changes in the price of the currencies. You could check your account and trading actions by the end of the day, and only take certain actions when alerted.

It also salvages your time by sending the information you need on your email address or in your mobile phone. The broad knowledge in market activities will be of big help in interpreting these alerts. When correctly read, it could mean big earnings and maximizing your profits.

It should also be recalled that foreign exchange alerts are just tools used in helping and enhance trading in forex, this is the benefit of forex alerts. Plans are another thing. The only thing left for a trader to perform is to correctly interpret information and make suitable decisions because of all of the tools and softwares available.

FOREX TRADING BASICS FOR NEWBIES

A person who desires to earn profits from forex trading needs to have knowledge in Fx Trading fundamentals. Almost everyone runs across advertisements for forex trading (check out FAP Turbo review) and falls for them without actually acknowledging what it takes to make money. The ads paint a picture that you could gain a lot of money very quickly, but is this legitimate?  Do applications like auto EA and Fx (see Forex Invincible review) work?

Forex Trading chart

The truth is that yes it is viable to earn profit with forex trading (foreign exchange or foreign currency trading), but it isn’t necessarily simple. Forex is a highly risky way to make profits and as a matter of fact many individuals lose, especially in the beginning. Therefore you have to recognize what exactly you are doing. This is the reason why it is critical to invest your time to get familiar with foreign exchange trading fundamentals and practicing forex trading on a demo account before you start trading with actual cash.

Trading currency is a kind of speculative investment, similar to the stock market but in a lot of gigantic markets that are international. Foreign exchange market is open throughout the day from late Sunday through Friday. This can be a major attraction for people who cannot be online during the typical business hours. One can perform forex trading in the evenings or early mornings during weekdays. The only period that you can’t do it is weekends and national holidays. Thus the forex market opens it up for just about anybody.

All you want to get started is a computer and a high speed internet connection. You don’t even need any money in your forex account if you simply wish to make use of the demo account during the beginning. Of course, if you want to make actual money you should have some to invest.

One factor that a lot of individuals do wrong is that they risk too much money in the starting. Of course all of us wish to make a lot of money in a short time but the truth is that if you don’t have enough cash to invest, it is almost impossible to make a big amount of money. If you do not have enough cash in your account, you would have to take such huge risks that your funds would most probably be wiped out pretty soon. Sadly this happens to a lot of people. So be realistic and try to control your risk factor to ensure that you funds are not getting wiped out.

What is a realistic prospect of how much you could make with currency trading? It is really hard to forecast since the foreign exchange market is constantly changing. It also depends on the amount of time you can trade each day. You could utilize a completely automatic Fx robot such as Forex Megadroid to do trades. Nonetheless, raising your forex funds by 10% per month would be a good idea.

This may not sound like a lot, particularly if you are only getting out with a thousand dollar or a small amount. But when we are dealing with something as risky as forex trading, any result on the positive side is a good result. If you can make that regularly, you could scale up and before long be dealing with much bigger amounts. This is why it is so important to be realistic in your goals and begin by learning the foreign exchange trading fundamentals.

Price Action Setups: Simple Yet Effective Way To Trade Forex

Price action analysis is one of the most effective yet simple techniques to achieve consistent success in the forex market. Simplicity is key in trading any market because a simple method helps you regulate your emotions more effectively than a complicated indicator based trading system.

Price Action Setups

Any one who has actively traded forex, stocks, or commodities for any period of time knows that emotion management is paramount to consistent profits. Price action analysis allows you to have a window into market direction based on price movement, price data is the most significant data no matter what market being traded. It is the visual representation of all relevant information you need to know for your price action trading plan.

Trading the forex market off of price action is a great journey to embark on. The simplicity yet relevance and profit potential enabled through price action setups cannot be overstated. Once you learn to spot specific price action setups you will be on target to consistently profit in the forex market. It is entirely possible to perfect one specific price action setup and profit consistently off of that one setup.

Where many aspiring traders go wrong is in believing they need numerous setups or indicators to make money; they often fall into the trap of assuming more is better in forex trading, when in fact more is usually worse when it comes to trading. The less confusing and jumbled up your forex charts are the more clearly you will be able to see what price movement is naturally trying to show you.

Many traders overlook the benefits of price action analysis because they think it is too easy to learn or that trading should be technically difficult. The fact is that profiting consistently in the forex currency market is not technically difficult at all, it is actually technically easy. It is relatively easy to learn price action setups that work with a high degree of probability.

What is not easy in forex trading is managing one’s emotions and managing one’s money as well as maintaining a disciplined mindset. This is one of the main benefits of price action analysis; it helps you manage your emotions and stay disciplined by giving you a straightforward yet highly effective and relevant trading method to base your forex trading plan from.

Most traders start their trading plan on a shaky foundation that uses a confusing method that they themselves barely understand. Why use lagging indicators that are derived from mathematical formulas that you don’t understand which ultimately just show you previous price action that you could have seen in a much more relevant form using price action analysis?

The bottom line is that forex trading is an intensely psychological profession, and until you realize that every aspect of your trading plan needs to take into account the psychological aspect of market activity you are likely to be unsuccessful. A solid trading method is usually the first thing traders try to acquire when starting out.

Generally, they pay way too much for junk systems that just cover up the relevant price action that you can spot on any naked price chart. Don’t fall prey to the scam of complicated indicator based systems or forex signal services. Educate yourself in price action analysis and teach yourself how to fish in the forex market, then you can eat for free for a lifetime.

Forex Day Trading Tips

You have the option to trade during the day and at night when it comes to trading on the Forex market, and before you get started with either of course you are going to want to make sure that you have at least a basic idea of what you are doing here and this way you are going to be able to come out of this all with the best possible results.

For Forex day trading in particular there are a few things that you are going to want to keep in mind, especially if you are just a newbie who is getting started and needs to learn Forex trading.

Forex Day Trading Tips

If you want to learn more about Forex day trading there are a couple different ways that you could choose to go about this, and it really all depends on which method you choose to use to gain knowledge on Forex day trading here.

One of the best ways to learn more about Forex day trading is to take a class or course. You can even find one for free, and they are typically 30-day courses that are going to teach and train you and offer you all the information that you need to really get a firm grasp on Forex day market trading and what it is all about.

Coming up With Strategies

No matter what way you decide to go about it, remember that the most important thing you can do here is learn how to come up with idealistic strategies that are hopefully going to win you a whole lot of money. You want to learn a real Forex trading method that is going to be based on pure price patterns and which is simple to learn but effective to use.

This is the only way that you are going to be able to come up with concrete strategies time after time and so that you know that you are always going to have the best chances of success with your day trading endeavors.

Once you get more experience with it, you are not going to find Forex day trading to be hard and you are really going to start to get the hang of it. Anyone who is just getting started with this however, is just going to want to make sure that they do not make too much of a major investment in the market until they have more practice and know what they are getting into.

Forex Signals To Look For

You began trading in the currency exchange because you wanted to make money in one of the most lucrative markets in the world. In order to make sustained profit from forex, many traders use various strategies and software to find a way through the ups and downs of the foreign currency exchange. This article mainly contains information about the Fibonacci trading strategy. Fibonacci retracements assist traders to analyze what would be the highest rate of the foreign currency before it starts falling.

Before I continue, let’s go over the very basics that will help you incorporate the Fibonacci strategy into your own forex strategies. Fibonacci numbers are just a series of numbers, the addition of the first two numbers gives you the third number, and hence it can be easily identified. For example, you add 1 and 2 to get 3, and 2 and 3 to get a total of 5. See if you can continue the sequence a few more digits.

You should get the following series: 1, 2, 3, 5, 8, 13, 21, 34, 55… What role does this play in forex trading and strategies? Well, these numbers will help you come up with forex techniques that anticipate and take advantage when a particular currency changes trends. Common knowledge among currency traders is that stocks and currencies often retrace a certain percentage of the previous move, usually 38.2%, 50%, and 61.8%, before it reverses. As a trader your job is to keep a track on the retracements and pull backs before you decide your opening position in the market whether long or short.

Regardless of what trading strategy you utilize, Fibonacci retracements can help you identify trends, and act accordingly on them. When your foreign exchange rate begins to fall, or pullback, you can plot the levels on a chart (most automated forex software has a Fibonacci setting) and search for any signs that your stock is about to reverse.

Though Fibonacci retracements are useful you should not depend on them for your technical analyses. Don’t buy simply because the stock is at one of the common retracement levels; wait for another indicator to confirm what the Fibonacci patterns are telling you. Remember that each trader is responsible for plotting the Fibonacci patterns, but the automated forex software will assist you.

Incorporating a Fibonacci retracement pattern into any of your existing currency trading strategy is simple, just make sure you plot the lines and follow the information they are providing you. By adding Fibonacci patterns to your existing trading techniques, you can increase your accuracy for a near perfect graphical representation of how a particular currency is doing on the foreign exchange market.

The easiest way to get comfortable with Fibonacci retracements is to sign into your favorite forex trading website, and practice plotting retracement points. In the beginning this might be difficult, but after some time forex traders get used to trading with Fibonacci numbers.

Forex Megadroid Manual And FAQs

Forex Megadroid is among the most popular currency trading robots in the market today. With a low price tag and zero subscription fee, few people doubt that this is a bargain. Forex Megadroid comes with a very readable, easy to use Forex Megadroid manual.

What is a forex trading robot and why do I need to buy it?

Like what some people say, computers can beat humans in chess, they can beat traders in currency trading as well. The truth is, it requires constant monitoring, application of good strategies, the ability to control psychological factors as well as the capacity to limit the effect of human emotion on trading.

What’s good with automated trading robots is that these overcome the ‘human factors’ of currency trading. Lack of confidence in making trades, miscalculated risks, fear, hesitation, and inconsistency of trading are among the few things that robots do not have.

Forex Megadroid, meanwhile, has carefully calculated plans and strategies. It does not work outside of this, thus you can expect consistent trading. Consistent but not necessarily to the point that it will raise flags among Forex brokers to cancel your account.

What can you get from Forex Megadroid that you won’t get from other forex trading robots.

Most forex trading robots are built according to certain market conditions. In most cases, these programs work very well in their target trades. However, problems with generating profits begin once the robot enters into a trade that is undergoing sudden changes. The great thing about Forex Megadroid is that it consistently yields good results.

Forex Megadroid has built-in Artificial Intelligence, making it capable of adapting to future trends seamlessly. This technology further permits robots to adjust to any market volatility. This trading robot is also equipped with RCTPA or Reverse Correlated Time and Price Analysis which is a fancy way of saying that the software can predict future forex market movements for the next 2 to 4 hours.

Of course, there is no one forex trading robot that has everything; Forex Megadroid is not an exemption. Despite its excellent features, Forex Megadroid has drawbacks that many people may find inconveniencing.

First is the fact that some of the more important things that can define one’s trading are not accessible like live feeds. Also, traders are required to be online the entire day to make 24/7 trades. And despite having the best features and technology in the market, it cannot trade successfully in every trade.

What you will get for your $97?

The Forex Megadroid manual is an eBook that consists of 78 pages’ worth of discussion covering the installation process to the actual trading process. It basically covers everything you need to know about running the software on your PC. The program also comes with video tutorials that cover the essential things you need to know about currency trading.

Protect Your Stocks Using Put Options

Hoping and praying that the stocks that you just bought will go up is not the best strategy to use, however it is the one very often used by the average Joe stock trader who is stock trading on the internet. The only salvation they have is that in bull markets most stocks will go up.

Protect Your Stocks Using Put Options

Statistics show that in a bull market about 75% of the stocks will follow the general trend and go up, and in a bear market 75% will also go down. Trading with the trend is the best way to trade as 9 out of 12 stocks will follow the trend and give you the best chance of making gains on your stock purchases.

But what if you own some good stocks and don’t want to sell when the market is clearly going down, or about to go down?. There are a couple of tactics that you can consider, both of which involve the use of options, CALL options and PUT options. There is the widely known strategy called Covered Calls, and the much lesser known one called the Married Put.

If you are going to trade options it is important that before you start trading you get the best option trading education that you can. You should also practice stock trading until you are comfortable with the process. This is a very important point that must be taken seriously, if you don’t understand the terminology and the theory then you should not be trading options. If the terms Put option, Call option, Married Put and Covered Call are new to you then don’t trade until you have studied sufficiently.

Selling calls against your stock in 100 share increments is the basis of the covered call strategy and it can provide about a 2-7% buffer against the loss in stock price. However a bigger drop in the stock price will not be compensated for using the covered call strategy, in general.

Stocks in a bear market, and even in a bull market, can drop quickly on news or earnings releases, as much as 15 to 40% within a month. Using covered calls to protect your stocks will only provide limited protection of less than 7% at best and so will not save your account if the stock takes a 40% tumble.

The better solution to providing down-side stock protection is the option strategy called the Married Put. As the name suggests the PUT that you buy is used to provide protection when the stock goes down because Put options will increase in value when the stock decreases in value. The term married is used because the option that is selected has to be very compatible with the stock, in other words a good match, if the strategy is to work.

The selection of the best Put option is not straightforward and involves several criteria which are listed below:

  1. The strike price of the option
  2. The current stock price
  3. Choice of options, in or out of the money
  4. Put expiration time

Even though the married Put protection only has a limited life span if offers much more protection than the covered call. It can provide as much as 90-95% loss recovery in the event of a significant drop in the stock price.

The downside of the good protection is that you have to buy the Put which is a debit whereas the covered call is a credit. But there are ways of off-setting this expense and there is much more to this strategy when executed correctly. The Married Put can be made to pay for itself and used to generate good gains if the market, or stock to be specific, moves a lot.

The general idea of the Collar Trade is to combine the covered call and married Put strategy into one, this is what is called the Collar Trade. In effect you put a collar around the stock, sell a call and buy a PUT. If you do this correctly most of the cost of the Put can be offset by the credit from the covered call so you can protect your valuable stock at almost no cost. Yes this is a great strategy which the general public is unfortunately very ignorant of, and most brokers don’t understand.

The strategy that I have outlined above is unknown to the average stock market trader but is one of the best trading systems you could have.

New Market Openings With A Forex Managed Account

Forex managed account brokers are the one smooth answer to developing a new investment system in a complex and difficult trading terrain. If you want to enter into this realm you basically have two choices. You can go it alone and invest countless hours and thousands of dollars into understanding how the trade works or you can go with a managed account.

Account management makes it possible for you to strive for that beautiful 20% monthly gain while still being present and accounted for when it comes to your job and family. It is hard to break into the market on your own, especially since 95% of independent Forex investors fail on a daily basis.

What happens to the Forex managed account is a different story. While there is no outright guarantee of success, you have the flexibility to choose the investment firm that offers you the most potential for your money. These managed accounts help to establish your account as a trader and help you start receiving the funds that are available through this method.

Not every Forex account will pull in the historical 20% per month, but there are many managed accounts out there bringing in 5 to 10% monthly. At a compounded rate this far exceeds the going rate in the stock market with a higher level of security.

The best part about managed accounts is your ability to determine what is really in your own best interest. It is easier to figure out the potential success of a brokerage firm than it is to figure out the potential success of a single investment.

A Forex managed account is probably the only way that you can get in on the high profits that can be made with this trading system without going broke day in and day out in front of your computer screen. You can be successful. You just need some expert advice and help getting there.

Artificial Trading

Novices as well as amateur investors can practice trading without jeopardizing funds using the several fake stock trading simulators obtainable online. A variety of investing, different facets involving stock options trading as well as methods of employing on-line purchase methods can be found by simply these kinds of simulators and are exceptional along with risk free walking stones for you to profitable options trading on the internet.

Artificial Trading
3d rendering of human brain on technology background represent artificial intelligence and cyber space concept

Simulators in which buying and selling using artificial income tend to be associated with two types. About variety can be by means of a fun game which enables possible share merchants to acquire in the trading activity. The other simulator is often a reproduction of the currency markets. Fake funds are fond of dealers and also fictional stocks are generally detailed. Rookie investors may practice fake exchanging until eventually these are cozy with the prospective client associated with endangering his or her money instantly investing. The actual simulators perform simply by influencing mythical cash and share in several market positions. Traders could make big false profits as well as cuts this also increases the operation of learning stock trading.

Your performance of these stock market simulators involving artificial futures would be to assist potential dealers recognize trading and many types of its characteristics. Probable dealers may in a relaxed manner learn to identify all prospective investing opportunities, discover methods of mitigating deficits and also examine all of the things associated with trading. They can figure out how to produce techniques as well as make use of a mix of industry approaches without having the chance of taking a loss. They could keep in mind to deal together with emotional detachment. They may be excellent methods of breaking in prospective dealers on the serious business involving on the web investment.

Professionals believe that potential dealers ought to employ simulators with similar seriousness as they quite simply would the true time stock options trading podium. They should locate methods for protecting against or perhaps reducing deficits as well as making the most of revenue. Creating a system by way of a simulator should go a long way in assisting possible traders instantly investing. Prospective merchants should try numerous no cost on-line simulators simply because every single will use a new system as well as throw up fresh learning avenues. Learning from utilizing at the least 2-3 distinct simulators may help possible dealers to acquire a great knowledge associated with buying and selling procedures, enable you to read stock and on-line carriers, succeed as well as crash in the real time market.

Simulators usually are not constantly precise. Probable traders shouldn’t industry using a large number of income because they made revenue whilst investing false carries several by having a simulator. Simulators bear resemblance to actual period deals however they are not the real thing. Any time newbie traders deal with true occasion marketplaces they have to start tiny even though their particular simulator good results earned big phony earnings. A number of specialists believe that beginners can start an actual moment industry immediately after creating five profitable trades on the simulator. Other people believe real occasion trade ought to be accomplished only if the possibility trader is preparing to dedicate real money.

Fake stock trading via an investing simulator is the better method of mastering expenditure strategies. There are many sites along with simulators which strongly simulate the genuine stock market wherever possible traders could discover trading with no threat.

Learn To Trade Forex Currencies

If you are able to make forex trading your full time job, it is not a job, but a very fun and profitable career. Most people who attempt and want to be full time currency traders fail rather miserably. There are a number of explanations for why this happens, but it all stems from how and what method they learn to trade with. If you start out trading forex with some super fancy looking lagging indicator method, or if you really think using a forex trading robot is the key to success, then you are sadly mistaken.

Learn To Trade Forex

To effectively trade the FX currency market you are going to need to learn from a consistently profitable professional forex trader. Professional forex trading is no different from any other profession in regards to the fact that you need to learn to trade from a professional trader. When learning to become a doctor students are required to shadow a real doctor first, similarly with FX trading it will greatly aid you to “shadow” a full-time FX trader before attempting to trade your own real money. This is one of the biggest mistakes that many traders make when first starting out. Trading lends itself to people who are independent minded and tend to like to work alone, however the paradox is that to really excel at trading and learn to trade effectively, most people need a professional forex trader to mentor them.

If you have a strong passion to learn to trade effectively you should take some of your own initiative and study educational material from a professional forex trader. Nial Fuller is a great forex trading mentor with a natural born knack for teaching the masses how to trade, the price action strategies he teaches are the very same ones that trades with every week. The forex trading training videos that Nial has produces are not equal in anywhere else, they are second to none in quality and depth and are available for free on the internet.The internet has made it possible for great traders like Nial Fuller to teach other people to learn to trade in very efficient formats, such as video, article, webinar, and informative forex trading course material that includes visual representations of the concepts in the text.

Now is a good time to learn to trade the market, the ease of access to forex educational material via the internet has advantages and disadvantages for the FX trader trying to learn at home. The advantages are that anyone interested can learn to trade currencies successfully in any country around the world with only a computer and an internet connection required, this has provided people the possibility to have true freedom and escape the 9-5 rat race that so many dread each day. A huge disadvantage to this is that most forex training products don’t teach anything useful and are just scams. After learning to trade the forex market with the simple methods that Nial teaches in his trading course, you will start to see the upside of trading forex with simple price action strategies.