The Best Currency Trading Broker for You - How To Choose One?

By Michael Knightly

Selecting a good currency trading broker is essential to your long term trading success. Fees that brokers charge will vary, so researching these fees can help to significantly lower your trading costs. This will obviously help to increase your profits. Many people think that the cost per transaction is not an important factor, but if you trade frequently it is a big factor. Evaluate also what services you will receive for the money you spend.

Comparing the trading costs of brokers is an important factor in making money in currency trading. The fees are determined by the spread between bid and ask prices, as mentioned earlier. The price of most currencies is extended 4 decimals out. For instance, 1.4200/1.4202 may be the quoted price for the EUR/USD. The difference is 2 pips. This is equal to 1/100th of one percent of the unit size. For a 100,000 lot this would mean $20.00. For a 10,000 lot this would be $2.00. The smaller the spread the better.

Ask your friends who trade to recommend a broker to you. If they are getting good results from their broker this may be the one you should use. Be cautious with brokers advertising no commissions and low, low fees. This is usually temporary. Look for a broker who is competent and can complete your transactions quickly. Being able to trust your broker is an essential issue to your trading success.

Professionalism and honesty are the characteristics you should look for in a currency trading broker. You need to find someone who will work with you to achieve success rather than someone who is trading against you. Because there ae so many firms offering services, one thing that is absolutely necessary is to use a firm that is actively regulated by a government agency. Check with the agency to see what kind of record the firm has.

Try to find a broker who is truly interested in seeing you succeed. Don't get involved with brokers who take the opposite side of your trade. They will obviously not have your best interest at heart. Choose someone who will support you in achieving success rather than working against you.

If is recommended to choose a broker you trades through the Electronic Communication Network.(ECN) This is the type of currency trading broker who simply matches up trades from the buyers against the sellers. They do not take positions themselves. Market-makers will take the opposite position to yours in order to "make a market." This creates a conflict of interest. Stay away from this style of broker.

A good idea in addition to these recommendations about brokers is to use an online service that affregates information for you make a selection from.

Choose a currency trading broker that works with you as a partner. You want to spend your time making money rather than worrying about who you are trading with. - 23305

About the Author:

A KEY factor for your success will be your currency trading broker if you are serious about online foreign currency trading!

Investors Need Technical Analysis

By Michael Swanson

Have you been investing in the stock market? Are your stock picks not performing as well as you had hoped? If you are not using a combination of fundamental and technical analysis when you are making investment decisions, this may explain why you are not maximizing the profits you are looking for.

But it can be difficult to know the best way to make money. The stock market has been very unstable and so beginning investors especially may be unsure how to look at different performance reports objectively. Of course, a good financial adviser is the best person to help you make decisions but forewarned is forearmed and being as informed as possible can only benefit you in the long run.

Because the stock market is constantly changing, navigating the ups and downs can be difficult. Using a combination of two different financial analysis methods can be an excellent way to decipher the information you are receiving and make accurate decisions about which are the best investments to make.

The two schools of financial analysis are fundamental analysis and technical analysis. One, fundamental analysis, tends to look more at the company itself and its financial health. They use a variety of different accounting reports and financial information sources in order to assess the viability of a given company and determine whether it would make a good investment. This is good, but it tends to overlook exterior influences which can affect any company.

Technical analysis tends to be more outward looking than fundamental analysis. Unlike fundamental analysis, technical analysis uses reports from the markets such as volume and price of the stocks themselves. If a stock is on the way up and the volume of stocks being traded is appealing, then the technical analysis will be favorable.

If you are considering investing, keep in mind that financial analysis is a skill which takes quite a lot of time to develop. You should not try to make massive investment decisions without some sort of input from a qualified financial adviser who can show you how to maximize the money making potential of your investment choices. - 23305

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Winners and Losers: It's Not The Trades It's The Traders...

By Patrick Deaton

Wins and Losses are familiar to us all, the pain of loss and the joy of a win. There is no confusion there.

However in considering the loss of a trade, the strategy is usually sound, it is the trader that came up short.

Uh huh... that is most likely you! However, help is on the way.... I am going to discuss ways to stop financial losses, and begin being a winner at the trades. Prior to placing orders, you have to decide where your stop loss order will be placed.

You can't delve into the topic of position entry thoroughly without speaking of stops. The question is, "Why are stop losses used by so few investors?" If not using stops is a weakness for you then you want this info. This info could mean the difference between on time retirement with a fat nest egg or just 'getting by' at a later retirement date.

Plan and place stops equals your plan to win, and you are prepared to have a loss but make it through to continue trading. A look at the traders psychology of loss taking is in order here.

A professional trader needs to know where the exit point in their trades are before they start trading. Having a visual of a wrong trade is key so a trader can know when to get out fast. This is a basic knowledge that all pro traders need to have.

What are the answers to these questions?

1.) When should you stay on board and when should you bail out?

2.) Do you have a rule to tell you when to sell a losing stock?

3.) Is there a set point for you to break-even by moving your stop?

If you can't answer these questions, you're not alone. And what it means is that you need to establish some rules for yourself, especially when you go to short stocks. But, all the trading rules in the world are meaningless if you don't use them. That's why you and I need to "talk turkey" about what's really going on with you when you refuse to manage your risk in a proactive and professional way.

Many investors refuse to take a loss for two basic reasons:

1. Inability to admit they are wrong.

A realized loss is a great big unavoidable acknowledgment of wrongness. For many traders, this is just too painful to admit. It's interpreted as an allegory for a total life failure or feeds a persistent, negative self-image.

The loss is personalized and pulls on their emotions. It is easier to deny the loss than own up to the pain of the loss. He will either lose everything before he will seek to change or he will quit trading.

2. Taking that large of a hit would damage their portfolio greater than it can recover from.

Losses aren't just on paper, they are real. The loss is what it is and the quoted price is it's value.

These two categories of people are not looking at the trading business with clear eyes. They are looking at it with blinders on and this narrowed vision is plaguing traders everywhere. Big business, small business, large portfolio and small, the elite crowd and the common man.

If this article is making you uncomfortable or bringing up feelings of anger or powerlessness, then that's a good sign. It means you have enough self-awareness to change.

Winning and losing traders have a different view of the pain from a loss, winners don't take it personally. They look at the loss and see that they need to change their approach or execution not that they are personally flawed.

Winning traders separate who they are from what they do. They know, or learn, that their trading faults lies in their approach or their skill level but not in their fundamental worth as a person. The pain they feel is quickly transmuted into motivation, which fuels their desire and determination to become a better trader.

Both are learned responses and within your control. The opportunity for growth from the pain of losses is the same. It's what we do with the emotional pain of a loss that matters, not the loss itself.

Utilize faithfully my verified ETF Trend Trading System and develop winning habits. Practice the principles, keep an eye on your position size relative to your portfolio and the product will be an overall growth in your portfolio.

The continued reminders about "proper stops and risks" is one of the main points in the 1 year mentorship program. When you have a full understanding of my system, it will be important for you to hear me say "Don't move your stop" and "Take your profits at the time the system says to not before or not after". The course itself is top notch, but the mentorship is valued more highly among the majority of my students. - 23305

About the Author:

Learn how it's very possible to make 6% per month in your investment accounts using etf trend trading! "Big A" is a recognized expert in the world of etf trend trading system & reveals etf secrets that have been kept under wraps by hedge traders for years. Get his free report & webinar today!

How To Trade Forex Is Easy

By Scott McDonald

Learning how to trade forex markets was a difficult task at first and I needed some way of figuring it out quicker. Once I discovered this one method and added it to my trading, my trades took off like never before. The cost of finding out this method was nothing compared to the profit it generated me in the first week! In my experience there has never been anything that gives these kind of results.

Learning how to trade forex was a long time consuming process that seemed to never end. The learning phase seemed to transition to a profit phase once this method was incorporated into my trading. As I have said, within the first week the profits started to show. It was astonishing how easy I could add this to my current trading skills.

My new knowledge on how to trade forex was soon showing that success was possible with some time and dedication. I believe that any trader can be turning profits out of this method in a matter of weeks. Put in the time and dedication and you will be on your way to a very rewarding career. Using this one method can truly work, it has doubled my profits in the first month!

After learning how to trade forex and make serious money with this one method, there is no doubt that my trading power is far ahead of the average trader and some advanced traders as well. In the time I have traded in forex, there has been no other that has generated the profits of this one. It is no surprise why the big traders have kept this method hidden for so long.

Some people never discover how to trade forex and keep running them self into an endless learning curve. The learning curve doesn't have to take all of your time, 50% learning and 50% action. Taking action on what you learned is part of the process. How are you going to improve at trading if you're doing it for a small part of your time? Discovering this one method that the pros keep hidden has made my trading account double every month! - 23305

About the Author:

Tired of bull that keeps you from making cash? Find out what is hidden from every trader by checking out the "Big Wigs" How To Trade Forex untold secrets! Stop letting the "Big Wigs" feed you junk, find out their best kept methods and How To Trade Forex today!

Forex Trading Robots, Fast And Accurate

By John Eather

The mechanics: The forex trading robots are automated programs, programmed and monitored by experienced players of the foreign currency trading market. The program runs on any computer with internet connection. In short the robot checks for short-term opportunities with minimal risk and maximum profit available. The robot can be used in conjunction with other forex managed accounts to diversify portfolio's.

Trade execution: The trading process is kicked off by the robot analysing markets by means all and any numbers and chart information available. Once the trends are identified, a transaction will be entered speedily and accurately without any emotional influence or guessing. However do not think that robots are your key to successful instant million and billion currency trading. Market behaviour is primarily determined by fickle and unpredictable human behaviour and not the logical numbers and mathematical "thinking" employed by the robot.

Assist the investor: Foreign exchange trading robots will assist investors to reduce risk and increase overall system performance, multiple strategies and markets can be traded simultaneously, fast and accurate trading with no missed trades and greater trade opportunities thus also changes for profits. Generally the robot systems are very easy to use and time-saving.

Users: The users who will benefit the most from the automated system are ex traders, Forex and intro brokers, managed account investors, existing traders craving capital diversification, traders afraid to manage own capital, institutions seeking other investment options.

Advantages: Advantages are constant operation and monitoring so you don't have to keep tabs on the accounts day and night, capital diversifications tools making options other than stocks, mutual funds, real estate and bonds available to investors as well as a very low minimum investment of approximately US Dollars 1000.00 for the program.

Characteristics: The robots conduct short-term opportunities analysis across popular currency pairs as well as boast with an advanced trading program employing complicated trade algorithms for determination of maximum profits.

Performance reported: Monthly returns of 30% on US Dollars 10,000.00 have been reported by users. - 23305

About the Author:

Want to find out more about forex trading robots, then visit John Eather's site on how to choose the best forex trading robot for your needs.