Forex market: some primary information for the new entrants (part 2)

I am back....where I was exactly?
Ohh yaa...I was supposed to throw some light on the recent overwhelming popularity & spread of Forex in public. Indeed, already Forex has come to the doorsteps of a large portion of common people. Some market experts are saying: Fore has already started outgrowing Stock Market in terms of active members, wealth generation & speed.

There are some key explanations for this:

1) The Internet connection has really opened a new, faster & more effective arena in this market. Why? It has increased the speed, connectivity & accessibility....making the trade extremely reachable to people.

2) The Forex market trading activity is open 24/7...no break in service; the operation continues in different shifts round the clock in almost all big trade firms. This is mainly done to enable people from different time zone of this planet to join this market, by overcoming their time barrier. That means, the whole world can stay connected to it all the time....and you can stay logged in to the market 24/7. You just need to give your broker your “stop-loss” / “stop-orders” to buy or sell currency once they have reached a certain price limit. In this way massive losses can be prevented.

3) Comparing the potential difference between Stock & Forex, the stock market is highly unstable. But Forex market is indeed a solid & stable market...

JOURY EA: A great Forex Trading option, but unknown to many

In comparison to all other EA, in the world of trading, Joury EA is already proven to be the best. Still, this is not known by many people till date. There are some really excellent merits about Joury EA for which it stands apart from the mob. Compared to all other EA, it owns these points:
1) Optimization of trending profit is really remarkable.
2) Its money management strategy is excellent. In fact, proper money strategy is the trait that keep the traders last with trading. It make them stick to it, for a considerable time span.

A no. of efficient trading professionals & analysts have put in their hard work and endevour, which has been properly attested to by a lot of forex traders. All the users experience is saying that this EA really work as an expert advisor in trading market. It has been noticed by expert traders many traders bought useless EAs with their hard earned money; only to gain nothing. This particular fact, that a big number of trading aspirants have faced losses by investing in ineffective EAs, have ultimately raised the question and confusion in their mind about the true usefulness of EAs. The amount of market experience from using Joury is what ultimately counts, and that speaks for all. Joury EA provides a range of options & advantages. All the traders take Joury’s inbuilt advantages. Also, in addition with this, joury EA technique builds up a more customized machine for money generation with minor changes, which are well tested. And this money generation machine is more excellent and useful. Just as an expert in forex trading methods says, “The EA will give you rest of mind while earning profit from your investment. No doubt Joury potentials cannot be over emphasized and is far more better than most seeming “glorified EA” on net.”
Whenever you add little stuff together….they are compiled and thus, add up to a bigger structure. Always Huge things are made of small ones. The beta release has already proven to be really great; that speaks for it. In the later release of joury anti-hedging regulations would also be discussed.


http://www.joury-ea.com/

Forex software reviews - The worst and best in stock trading software.

Forex Trading in 2009: 10 Things u must remember

For all the enthusiastic Forex traders including those who are just at the beginning level and those who are a bit experienced in this trading field, there should be no looking back at year 2008-let us get over it, we need to move on to start afresh with our personal investment and trading for a better outcome. As we are going to stand in front of a new Forex trading platform this year, so before we all get started with trading in Forex this year, there are a couple of important aspects of Forex trading that I would like to share with you all. According to the experts from this industry, these instructions are very likely to be effective and useful for 2009 Forex trading… keeping them in mind while trading forex is going to increase your chances of success considerably even if only 2-3 of these ring a bell with you.

So let’s get started…

1. Open a demo account. You must learn to trade it first before getting into live transaction with real money. You will usually learn how to avoid some mistakes and also get familiar with and enhance your knowledge on the broker’s trading platform.

2. Normally, there are no commissions in trading in currencies. That is why it costs less than any other financial market. All you pay is the market maker’s spread (which all financial markets have too). The cheaper your costs, the quicker you can start generating profits for you.

3. Unlike commodities or all the stocks currencies trade in pairs. In stocks you should buy either: 1) GOOGLE (GOOG : 334.06 0.00 0.00%) or 2) IBM

4. Regularly study, keep in touch and gain enough knowledge. There are a lot of examples of unplanned, knowledge less traders in America, who just do not know how little they know about the latest trends, happenings and updates of this industry, and still they go on to dive into trading in this market . Show some zeal and do spend some cash to join a good forex trading tutorial with state-of-art faculty, or take a relevant forex trading course. Because any of these two may save you thousands in the end!!!

5. Start with a Mini account. Many traders want to start with a standard account. However, as far as my hard gained knowledge in forex trading goes, this is the quickest way for a new and novice trader to lose money in trading. The “trading size” is so large (in number of currency units controlled) that if anybody is wrong, he is gone!! A standard account will cause 10 times the losses that a mini account would cause on the same exact trade.

6. Before starting to trade in Forex one must be well aware of proper way or location to find out the data that comes out on each country; he or she must know the exact time when it’s coming out! Many related, quality online resources are there in internet to have all of this data in one handy place.

7. Under any circumstances, one should risk maximum 1-5% of your account balance. However, if you have to risk more of your account than that on a particular trade, then either you don’t have sufficient balance in your account or your stops are excessively wide. Most people, whose risk amount of account balance exceeds that stipulated range (1-5%), fall under the former category rather than the latter; they are very likely to lack enough money in account.

8. Begin with some small-range trading. By that, I mean to trade one mini lot per order at first. Start with only one order in the market at one time. If you get your estimated profit with that trading, you can increase your lot size. Oh, by the way, if you can’t make money with a 1 mini lot trade, there is no chance that you could have made money with 5 mini lots at risk. In fact, your loss would be 5 times bigger….or even worse!!!

9. Start off with an account which is very well capitalized. Even many experienced Forex traders face this confusion of not being able to determine exactly what amount of money is required to start an account with. But instead of asking this question to your broker, you should rather ask him how much is practical to keep to start your new account. You will come to know that most mini accounts should had been started with at least $3,000 to $5,000 dollars; yet, in the industry they will let you start with $200 to $300 dollars. Too little of capital = too high of percentage of the account risked on each trade. That’s the logic behind this point.

10. You should begin with trading the most liquid pairs in the market….it is indeed a good idea. These pairs will have the smallest spreads between the buy and sell quotes. Some examples of such pairs are: EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, etc.