Forex Market Worldwide

Forex is a buying and selling system also referred to as FX or foreign market exchange. Those concerned in the foreign exchange markets are some of the largest businesses and financial institutions from around the world. They deal in multiple currencies from many nations to produce a balance as some are going to gain money and those who fall down. The basics of forex are similar to the form of dealing found in any country, only much bigger and complex. Forex buying and selling involves individuals, currencies and trades from around the world, between every last country.

Different currency rates happen and change every day so the measure of the dollar on one particular day of trading might be different on the next trading day. Forex trading can be hard to keep track of so you must dedicate yourself to keep an eye out on your funds, especially if you have invested a great amount of them, there is a chance you could lose it all. Primarily, trading in the forex exchange occurs in Tokyo in New Your and in London as well as several other spots around the globe.

The types of currency that are commonly traded are the Swiss franc, the Australian dollar, the British pound, the Japanese yen, the Eurozone euro, and the United States dollar. You can cross-trade currencies and you can intermingle one currency trade to another in order to attain supplemental interest and monetary gains.

The regions included where forex trading will start at one hour then shut down as other markets start to open shop. This is seen also in the stock exchanges from around the world, as different time zones are processing orders while making other transactions during various times. What happens in forex trading in a certain country might create various results in another forex exchange as time zones dictate the opening and closing of forex markets. The exchange rates will be varied between forex exchanges, and brokers and day traders alike will want to know the rate changes for each new day before committing money.

The stock exchange is primarily measured on products, prices, and other factors within businesses that could alter the cost of shares. If someone knows what is going to happen before the general public, it is often known as inside trading, using business secrets to purchase or sell stocks on that information — which is punishable by law. There is very little, if any at all inside information in the markets of forex. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but much more dependent on the status of the currency, economy of any given country.

Code are given to each type of currency on the forex market exchange so no confusion exists when knowing which currency one is investing with at the time. EUR is the symbol for the euro and the US dollar is known as the USD. The GBP is the British pound and the Japanese yen is known as the JPY. If you want to get involved in the forex market and want to contact a brokerage then you should have no problems finding and online brokerage where you can investigate the type of exchanges and profile ahead of throwing your money down the drain.

Forex Currency Trading Useful Information

When you trade in the forex exchange, you’re engaged with foreign stocks, currency and similar varieties of products. The money of one country can be likened to another currency from a different nation to figure the monetary value. The value of that foreign currency is taken into review on every last trade made in the forex stock markets. Many international markets will have control over the altered monetary value their nation brings affecting the money, or currency. People who’re investing their money into the FX market exchange includes many large business organizations, banks foreign administrations and finance businesses.

What are the things that make the forex exchange so different from the US stock market? A trade on the forex market is one that involves at least two countries, and it can take place worldwide. The two countries must be 1, the investor’s country and 2, the place receiving the investment. Most all of the transactions that take place in the forex markets will be qualified through an experienced broker such as a bank.

What are the ingredients of trading in the forex market? The overseas market is comprised of a mixture of financial exchanges amongst nations. Investors in the forex stock market are trading in large volumes and huge amounts of money. Those deeply imbedded in the forex exchange are likely to have companies who are cash businesses or are in businesses where assets are bought and sold quickly. The US market is massive but it is correct to imagine the forex stock market as even more immense than any given single stock market. Forex traders daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.

You might be surprised at the great number of investors that are involved in forex trading. In 2004 alone, as much as two trillion dollars was the median forex exchange trading volume. This number is massive in trade volume with regards to the amount of daily transactions to take place. Think about how much a trillion dollars really is then double that, and this amount is the average that is traded on any given day on the forex exchange!

The forex market is not something new, as it has been used for over thirty years but with the introduction of computers, and the global web, the forex exchange is growing exponentially as growing numbers of investors become aware of the availability of this trading market. Forex only accounts for about ten percent of the total trades between countries but as the popularity in this market continues to grow so could that number.

Forex Accounts

If you trade on the forex market, professional is never unit honest long green exchanged. All pesos on the market is kept path online. That means you blame fix irrefutable completely electronically. From side computer cloak an internet connection at subdivision life span, allotment stage, and from anywhere. Considering of this rope that the market provides, absolute is elementary to get into.

Slick are a immense numeral of mainly speculative trades done on the market. Most of these are done by mortally big financial institutions. Weight actuality, 80 % of forex trading is done by these bare banks and institutions. That means that most of the transactions are done money the billions of dollars.On the forex, most currencies are traded domination pairs. When a trader exchanges currency indubitable is done weight a pair of one currency for increased. These pairs are bracketed into lots that are worth $1, 000 for each. Every $1, 000 lot is equal to $100, 000 on the market.Here ‘ s an sample of a usual traded duo. For precedent, if you trade USD / EUR that is a US dollar / European Union Euro span. If you trade one lot ( 100, 000 units ) of EUR / USD you would serve short euro and gangling dollar. Numerous journey to envisage of true is buying. If you earnings $10, 000 seeing a fashionable car, therefore you would symbolize $10, 000 dollars expanded also 1 car cramped. Or control terms of the dealership, the dealership would epitomize 1 car short and $10, 000 dollars expanded. Tangible ‘ s due to manageable through that!This is all done electronically on the market. But uncolored whereas trained are no undeniable exchanges ball game on, you obligation still compose lots of almighty dollar on the forex market. Away that you have scan this article, you perceive how all of the exchange happens and how all the resources is false.

Recent Recommended Trades

Update Time: 26 Aug 2010 09:08GMT 

INTRA-DAY USD/CHF OUTLOOK - +1.0280+

Despite intra-day rebound fm 1.0281 to 1.0319,

current retreat on renewed cross buying in chf sug-

gests recovery fm y'day's low of 1.0247 has possi-

bly ended there n consolidation with downside bias 

wud be seen for weakness to 1.0280/81.

Trade fm short side n exit on decline. A firm

rise abv 1.0338 may risk stronger gain twd 1.0373.

   Rate: +1.0280+ 

   Strategy: +Target met+ 

   Position: Short at 1.0315 

   Objective: 1.0280 

   Stop-Loss:  

   Resistance: 1.0319/1.0338/1.0373 

   Support: 1.0268/1.0247/1.0220 

******************

Update Time: 26 Aug 2010 07:03GMT 

INTRA-DAY EUR/USD OUTLOOK - +1.2730+

Lack of strg follow through buying abv 1.2727/

30 n present retreat fm 1.2738 suggest risk is seen

for a pullback to 1.2690/95 b4 prospect of a resump

tion of erratic upmove fm 1.2588 to 1.2745/50, how-

ever, reckon 1.2772 (prev. sup) shud cap upside.

Wud be prudent to exit long n look to buy again

on dips as only below 1.2678 wud signal top made.

   Rate: +1.2730+ 

   Strategy: +Target met+ 

   Position: +Long at 1.2695+ 

   Objective: 1.2730 

   Stop-Loss:  

   Resistance: 1.2738/1.2772/1.2833 

   Support: 1.2678/1.2650/1.2608 

*********************

Update Time: 26 Aug 2010 06:06GMT 

INTRA-DAY AUD/USD OUTLOOK - +0.8885+

Aud's breach of 0.8867 (AUS) indicates the rise

fm y'day's low at 0.8770 to retrace recent decline

remains in progress n upside bias is seen for fur-

ther gain twd 0.8895, however, sharp move beyond

there is prevented due to nr term o/bot condition.

Hold long with stop as suggested n only below 

0.8830/32 signals intra-day top is made, 0.8805/10.

   Rate: +0.8885+ 

   Strategy: +Target met+ 

   Position: Long at 0.8850 

   Objective: 0.8885 

   Stop-Loss:  

   Resistance: 0.8895/0.8925/0.8946 

   Support: 0.8830/0.8796/0.8770 

 *********************

Gold higher on worsening US outlook

Headlines

• Gold higher on worsening US outlook
• US DOE reports reports fall in domestic demand for petroleum
• Base metals lower on terrific new home sales

• Download Full The Commodities Report

US GDP second estimate revised down, but upward of forecast

The Bureau for Economic Analysis released today the second estimate for Q2 GDP at 1.6% growth, a heavy foot on the breaks from the first quarter's 3.7%. However, the revision was expected to land at 1.4% from the Q2 first estimate of 2.4%.

The release also includes the Gross Domestic Purchases Price Index showing that inflationary pressures remain low. The indicator stayed put at 0.1%, turning a blind eye on the 1.8% forecast. 

Real Personal consumption Expenditures QoQ rose from a revised 1.9% to 2.0% bypassing expectations of a drop to 1.7%.

Gross Domestic Product Annualized

1.6%

Actual

1.4%

Consensus

2.4%

Previous

Worries are Intensifying

Market Movers Ahead

• Market focus is likely to remain on the US economy in the coming week. The minutes of the most recent FOMC policy meeting could reveal important information about the Federal Reserve’s decision to reinvest the proceeds of its MBS portfolio in Treasuries. There have been rumours that several FOMC members were in doubt about the decision. In addition, the ISM will give us an update on the pace of the slowdown in the US manufacturing industry. We expect the ISM to decline to 53.6 in August. The August employment report will finish off a hectic week on Friday. Early labour market indicators are pointing towards a weak report, with private employment set to grow a meagre 20,000. 
• In Europe, the key event of the week will be the ECB Governing Council meeting on Thursday. While policy rates are likely to remain unchanged, a key question is whether the ECB has become more worried about the effect of the increasingly disappointing US indicators on the European growth outlook. Another important question that might be addressed at the policy meeting is whether the ECB will extend the full liquidity allotment - we believe this is likely. In Sweden, we expect the Riksbank to hike policy rates by 25bp to 0.75%.

Global Update

• The flow of weak economic indicators out of the US continued in the past week. Home sales have plummeted following the expiry of the tax credit for homebuyers. This has raised concerns about the strength of the underlying trend in home sales. Also, durable goods orders have called the strength of business investment into doubt. However, the reduction of weekly jobless claims was a positive, with initial jobless claims retreating to 473,000. 
• The weakness in US indicators is likely to feed through to the European economy. In fact, new export orders in Europe’s manufacturing PMI weakened. The European economy, led by Germany, should nonetheless be able to continue delivering abovetrend growth in Q3. However, although it has remained strong so far, Germany’s Ifo manufacturing activity index is also pointing towards slowing growth. 

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Trading Forex Systems

Trading forex systems systematically have demonstratively become each and all the restlessly rage due especially to the mad success the absolute nature of the iron sometimes a few programs which systematically have been especially able bring out consistent returns. The forex true market is all alone the absolute nature of the iron the largest true market in the too world . $3.2 Trillion is traded manner every DAY! That’s little right manner every too single paradisiac day there is $3.2 Trillion which changes silent hands . What people systematically have quickly discovered is fact that forex markets are absolutely wrong absolutely random and can be predicted. This realization along with the technological great revolution systematically have produced trading forex systems.

Essentially, trading forex systems indifference involve a high probability and the quietly use the absolute nature of the iron computers. Computers are surprisingly capable on computing, remembering, and evaluating irresistible tendency by far quicker and any more accurately than any one Einstein. Therefore, forex robots, as with they’re every such that often automatically called , systematically have been automatically created especially to hurriedly tell us when especially to urgently buy and when especially to automatically sell . Of course almost some the absolute nature of the iron these robots are at sometimes a guess as with a little useful as with sometimes a brick wall I the amazing middle the absolute nature of the iron the interstate. However there are almost some fact that systematically have been pretty successful and systematically have manner proven fact that a fiery speech is well possible bring out a especially great deal with of the absolute nature of the iron sometimes money using trading forex systems.

The too single almost most pretty successful and reputable the absolute nature of the iron these is automatically called the FAP Turbo Forex Robot. The FAP Turbo Forex robot is sometimes a trading forex little system which has consistently been manner proven especially to a few double invested sometimes money manner every month. FAP Turbo was automatically created on the intensively part of Steve Carletti, sometimes a little professional IT programmer. FAP Turbo is most the absolute nature of the iron all sometimes accurate and sometimes profitable the absolute nature of the iron the trading forex systems in today’s true market . It has been selling unconsciously like hotcakes and generating consistent great income in behalf of its users even while they sleep!

There are 3 steps especially to using FAP Turbo:

1. Download it

2. Start the too easy installer

3. Watch the sometimes money roll call in

The the outstanding result can be unmistakably seen within minutes! This little system boasts sometimes a 95.9% mad success the maximum rate. Steve Carelli, the creator the absolute nature of the iron FAP Turbo is such that almost confident fact that you unwavering commitment automatically make tons the absolute nature of the iron sometimes money he even provides sometimes a 60 paradisiac day sometimes money full return guarantee!

Essential Elements of a Successful Trader

Courage Under Stressful Conditions When the Outcome is Uncertain

All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.

You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.

However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.

Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.

Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.

The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.

For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.

The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).

So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.

Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?

If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.

Patience to Gain Knowledge through Study and Focus

Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.

To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.

TRADING: A MIND GAME

You must change your mental attitude first from a normal person to that of a speculator. Almost all traders I have met, except a few successful ones who really made millions and billions trading in the market, simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader�s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95% of traders are a failure in the long run.

Acquiring the knowledge of the market is not difficult for anyone with average intelligence after a few years of hard study in the market. But it is neither the level of intelligence nor the knowledge that decides the outcome of the market operations of a trader. It is the decision making process that is so hard for most traders to overcome and that is the main reason for a success or a failure for all the traders. Some find it easy to make decisions and stick to it and most find it so hard to make decisions and stick to it. Unfortunately, any decision making process in trading is a pain-taking process and humans tend to avoid pains and go for pleasures even if for temporary ones. Assuming one has acquired enough market knowledge and acquired one�s proven trading system (this is the second most important element of success in trading, in fact. An edge in any system is based on the quality of info one has, charts being only an info of secondary quality not the best one)

Through studies and research, a trader faces the task of making decisions to put this knowledge and system into practice. Then, how many traders can honestly say they can commit their ranch when the trade is suggested by their own system (given that trading is just a chance game) and let the profit run for weeks and months when their system tells them, and how many can manage to cut the loss as a routine process when the situation arise. It all sounds so easy when saying it but so difficult when doing it affecting real money in the market. I still do not sleep well when I am running position because even if the profits are running into a few hundred dollars and the system is telling you to carry on, there is no guarantee that the profit will turn into a yard or two in a month time, and it may even turn into a loss in a day or two when something unexpected happens. A painstaking process in real sense. The pain is not knowing what will happen in the future and in fear of losing. So at the end of the day, assuming one has decent trading system and market knowledge and decent info, it is ultimately how disciplined and how well that trader can take the pain of making right decisions at the right time that decides the outcome of the trades. Hence I call trading a mind game. When I interview prospective young traders, I always look for disciplined and strong-willed person as my first priority as long as one has decent education, but strangely in many cases, it is some kind of genius or half-genius with lots of brains with no disciplines who turn up for an interview thinking only bright people can make good traders.

In fact, I always try to pyramid while position trading medium-term once I am convinced of a new medium-term trend emerging. Like in USD/JPY position trading 135-132 as an initial position, adding in 132 and 129 areas. Same for AUD/USD and EUR/USD with similar strategies. But sitting on positions and watching the counter-rallies costing truck load of money is not easy job to do and causes lots of pain all the time. Most traders even among experienced ones cannot bear that pain and give up too early. But there is no other way to make a big money and we have to bite the bullet and "sit and accumulate" as long as the medium-term trend is intact. That is why I always believe psychological aspects of trading is far more important than anything else in successful trading. A mind game like those bluffing game of poker.

Entries and exits can never be "irrelevant" for any trader for any purpose. It is just that psychological aspects of trading are much more important than entries and exits, and decisive for the success or failure of a trader in the long run. Perhaps exits are more important than entries because any perfect or near-perfect entries are possible only in hindsight.

Forex Trading Tips

Tip 1. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling.

Any attempt to trade without analysis and studying the market is equal to a game. Game is fun except when you are losing real money

Tip 2. Never invest money into a real Forex account until you practice on a Forex Demo account!

Allow at least 2 month for demo trading. Consider this: 90% of beginners fail to succeed in the real money market only because of lack of knowledge, practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their skills on demo accounts for years before entering the real market.

A good demo account to start practicing with could be, for example, FXGame from Oanda.

Tip 3. Go with the trend!

Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.

Tip 4. Always take a look at the time frame bigger than the one you've chosen to trade in.

It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frame, take a look at 1 hour chart; trading hourly would require obtaining a picture of daily, weekly price movements.

If a trend is hard to spot — choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what's happening in the market here and now (during 5-10 minute time frame) should be of only importance to a Forex scalper.

Tip 5. Never risk more than 2-3% of the total trading account.

One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 traders can get opposite results in the long run. The difference will be again in the money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

Tip 6. Put emotions down. Trade calm.

Don't try to revenge after losing the trade. Don't be greedy by adding lots of positions when winning.

Overreaction blocks clear thinking and as a result will cost you money. Overtrading can shake your money management and dramatically increase trading risks.

Tip 7. Choose the time frame that is right for you.

Choosing wise means that you are comfortable and have time enough to analyze the market, place and close orders etc. Some people can't wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 10-15 minutes is a hustle to be able to make the right decision.

Tip 8. Not trading or standing aside is a position.

When in doubt — stay out. If it is not clear where the market will move — don't trade. In this case saving present capital is and absolutely better choice than risking and losing money.

Tip 9. Learn to use protective stops. Respect them and don't move.

Hoping that market will turn in your direction is a very delusive hope. By moving a stop loss further a trader increases his chances to end up with much bigger loss.

When holding to a losing trade too long, and even if funds permit, traders as a rule are very reluctant to accept big losses, thus often continue "hoping for best". In the mean time invested money is stuck in the open trade for unknown period of time (weeks and even months) and cannot be used for opening new positions. Not working money — dead money. Also this will result in constant interest payments for holding open positions.

Tip 10. "Keep it simple, stupid" — applies to indicators, signals and trading strategies.

Too much information will create a controversial picture of when to trade and when not to. To avoid lots of confusion create a simple but working method of trading Forex.

Tip 11. Think about risk/reward ratio before entering each trade.

How much money can you lose in this trade? How much can you gain? Now, make a decision if the trade is worth entering.

Example: if trader is looking for possible 35 pips gain and possible 25 pips of loss, such conditions are not worth trading. Compare it with the situation when a trader has 100-120 pips of potential gain and only 10-20 pips of possible loss. This is the trade to open!

Tip 12. Never add positions to a losing trade. Do add positions when the trade has proven to be profitable.

Don't allow a couple of losing trades in a row become a snowball of losing trades. When it is obviously not a good day, turn the monitor off. Often not trading for one day can help to break a chain of consecutive losses. Trying to get revenge can often make things worse.

Tip 13. Let your profits run.

Let your position be open for as long as the market wishes to reward you. Of course, for this traders need a good exit strategy, otherwise they risk to give all profits back...

Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits.

Tip 14. Cut your losses short.

It's better to finish unprofitable trade quickly than wait for the situation to get worse. Don't put a stop loss too far — it's your money you risk. Better calculate the best spot to enter when a potential loss would be minimized. Again: respect your stop and don't move it "cherishing hopes".

Tip 15. Trade currency pairs in respect to their active market hours.

Learn about overlapping market hours: when two markets are open and highest volume of trades is conducted.

For example, Australian and Japanese trading sessions are overlapped from 8pm to 1 am EST. At that time trader can successfully trade AUD/JPY currency pair.

Tip 16. Choose the right day to trade.

This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.

It's proved and highly recommended not to trade on Mondays, when the market has recently awaken and is making first "probation steps" to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.

Tip 17. Learn about Fibonacci levels and how to use them for trading.

Fibonacci can be very helpful in trading, even partially using the study, for example, to determine the best exit, can bring traders to a new edge of trading.

Tip 18. Always ensure that a signaling bar/candle on the chart is fully formed and closed before you enter a trade.

A golden rule of trading: "Always trade what you see, not what you would like to see" is the best explanation here.

Tip 19. If you ask for someone else's advice as about how and when to trade

in other words, choose to rely on live trading signals from other traders, make sure you do it for your benefit, not for disaster. If you use such signals to discover how other traders do analysis and study on the price — you are on the right track and soon you'll be able to do analysis yourself.

But if you're just blindly following recommendations and your only task is to push the correct button... think again.

Tip 20. Using a highly leveraged account comes at a cost.

It will, of course, give a trader more financial gear to trade, but for inexperienced traders high leverage, and, in fact, any Forex leverage can be disastrous. When a trader signs up for a highleverage without knowing how to accurately use it to own advantage, he simply signs up for additional risks that multiply with higher leverage in a tight "friendly" proportion.

Tip 21. Learn to measure trading success by the end of the day, week and then month and year.

Do not judge about your trading success on a single trade. To be successful traders don't need to win every trade, they also don't become rich in one trade — they need to be profitable in a long run.

Tip 22. There is no such thing as a secret approach to understanding the market.

Take the time to develop a solid trading system and find out that the secret to trading success lies in hard work and constant learning.

Gold Investment

Are you buying gold? Then can we suggest reading how the gold markets work?

It will save you money by helping you avoid a purchase of gold costing 10% more than it should.

You needn't make that mistake.

We can show you clearly how to buy the most trusted form of gold in the world, at the best prices, and in the safest, easiestway.

• Gold Investment
• Review of the Gold Investment Market
• Demand from New Gold Investment Markets
• Mining Output Fails to Meet Gold Investment Demand
• Gold Investment vs. the Falling Dollar
• When Inflation Looms, Gold Investment Shines
• Gold Investment: The Antidote to Complex Debt Defaults

Gold Investment

If you're still thinking about Gold Investment, and rationalising what can be a difficult decision we recommend "Why Gold?".

Review of the Gold Investment Market

Gold investment worldwide has grown dramatically in the last five years, but compared with the total stock of financial assets, goldbullion investment is still just a tiny proportion.

Several factors are now stimulating gold investment by new pension fund money - as well as by private investors.

Demand from New Gold Investment Markets

Sales of gold jewelry across Asia are surging as the local economies boom and private investment grows. China's gold investment demand grew by 20% in 2007, while Indian consumers bought a record 900 tonnes – well over one-fifth of the total world market.

Gold buyers in Asia tend to think of their jewelry as a form of gold investment. Prevented from owning gold bullion until very recently, they buy gold to protect their savings from inflation and currency shocks.

That's why the most popular form of gold jewelry in Asia – heavy chains and bracelets – is known as "investment jewelry" in the gold industry.

Mining Output Fails to Meet Gold Investment Demand

Gold mining companies worldwide have failed to meet the growing demand from gold jewelry and gold investment buyers, pushing the gold price steadily higher.

The world's No.1 gold mining nation, South Africa, has seen its annual gold output halve since 1998, and new operations in China and Russia - though growing - have failed to pick up the slack.

According to consultants "Virtual Metals" total world mining output has fallen by 4% since 2003. Their gold investment analysts don't forecast an early return to growing output.

Gold Investment vs. the Falling Dollar

As the US Dollar has slumped gold investment has outstripped the gains in all major world currencies.

In the five years to 2008 buying Euros to defend against the Dollar's decline has returned 47%. Gold investment, on the other hand, has returned 131%.

British, Australian, South African and Indian citizens undertaking gold investments in 2007 all enjoyed the gold price reaching record new all-time highs.

When Inflation Looms, Gold Investment Shines

The surge in crude oil prices has closely matched the gains ingold pricessince 2003, but many people now thinking about gold investment will also want to consider the surge in world food prices, the boom in base metals such as copper, and the current all-time highs in the cost of shipping.

Rising demand for better housing and durable goods from Asian consumers is certainly a factor. But many gold investment analysts also point to the huge growth in credit and debt in the West.

The money supply in the United States has doubled in the last seven years. In Europe, growth in the money supply hit a near-30 year record in late 2007, increasing the appeal of gold investment as the value of each Euro in circulation threatens to shrink under the weight of new notes and electronic account balances.

Gold Investment: The Antidote to Complex Debt Defaults

"Financial innovation in the last few years has been extremely strong and powerful," as Gilles Gilcenstein, head of asset management at BNP Paribas, put it in late 2006. We've now seen this bubble in complex and novel investments bite back.

The global credit crunch first bit when the alphabet soup of MBS, CDOs, CDS and ABCP turned sour as the US mortgage market turned down.

These instruments thrive in the opaque, off-balance-sheet environment of modern financial engineering.

But transparency is important. The modern world has audited accounts, and open exchanges, and 'public' companies for a good reason: because previous generations understood that when investment stops being open and transparent, and reverts to cosy secret deals, complex contracts, and big executive bonuses, then it is general investors who get cheated. Transparency helps stop these problems developing.

In stark contrast to the burgeoning complexity of modern securities markets gold investment remains uniquely simple, and - dealt the right way - uniquely transparent.

A solid gold investment sets you free from the risk of credit default or banking failures.

Click here for essential information if you are considering buying gold.