Forex Money Learning

Forex Strategies

2009-01-09T06:39:00.000-08:00

Title: Profiting with Forex
Authors: John Jagerson and S. Wade Hansen
Synopsis: PFX stands for Profiting with Forex, a fun book written by John Jagerson and S. Wade Hansen, with an accompanying website---www.PFXglobal.com.

The FX Bootcamp Guide

2009-01-09T06:37:00.000-08:00

Title: The FX Bootcamp Guide to Strategic and Tactical Forex Trading
Author: Wayne McDonell
Synopsis: This book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy

What should be done?

2009-01-02T08:23:00.001-08:00

You should set your own trading guidelines and trade what you see. Forget about opinion, your own and especially that of others. Unless you are one of a very rare breed whose opinions are sufficiently good for trading, do not trade on them.

Make an evaluation based on the facts you have and then go with the trade. Just be sure you have a strategy for extricating yourself before losses become big. Had Kim stayed with her original strategy and stop placement, she would have ended up a happy winner instead of a regretful loser.

Money Management

2009-01-02T08:22:00.001-08:00

There are some common mistakes I’ve seen traders make in the area of money management. First, let’s understand what money management is all about.

Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money management that seem to involve mental quirks leading to costly mistakes.

Rob Booker recommended reading (Q&A Session Transcript)

2009-01-02T08:21:00.003-08:00

Title: Rob Booker recommends what Trading Books you should read.
Author: Rob Booker, Independent Currency Trader of www.Robbooker.com.
Topics: How to pick books that will help you?, How many strategies do you need? The 10 best books on trading and how .

Rob Booker recommended reading (Q&A Session Transcript)

2009-01-02T08:21:00.001-08:00

Title: The Swing Traders Bible: Strategies to Profit from Market Volatility Author: Mark Whistler and Matthew D. McCall Synopsis: The Swing Trader’

2009-01-02T08:20:00.003-08:00

Title: The Swing Traders Bible: Strategies to Profit from Market Volatility
Author: Mark Whistler and Matthew D. McCall
Synopsis: The Swing Trader’s Bible provides traders with different strategies to capitalize on market fluctuations. The majority of the time, most markets move sideways, with no discernible long-term up or down.

Opportunities in Calendar Forex Trading Patterns

2009-01-02T08:20:00.001-08:00

Title: Opportunities in Calendar Forex Trading Patterns. How knowing when to trade can dramatically improve your foreign exchange profits.
Author: John Forman, Managing Analyst & Chief Trader at Anduril Inc
Synopsis: Learn now what the next few months will bring in forex and profit from it! The foreign exchange market exhibits patterns of price behavior. Opportunities in Calendar Forex .

Forex Patterns and Probabilities

2009-01-02T08:19:00.002-08:00

Title: Forex Patterns and Probabilities
Author: Ed Ponsi
Synopsis: In recent years, traders have turned to the foreign exchange market expecting to capture substantial profits. While the high availability of leverage within this arena can improve your chances of making money, ultimately the success of your endeavors depends upon how well you understand and operate within this market.

Technical analysis of the currency market

2009-01-02T08:19:00.001-08:00

Title: Technical Analysis of the Currency Market
Author: Boris Schlossberg, Fundamental Analyst at Forex Capital Markets
Synopsis: Global currency markets combine unparalleled leverage, high short-term volatility, low execution costs, and significant long-term trends in an atmosphere of laissez-faire .

The FX Bootcamp Guide

2009-01-02T08:18:00.002-08:00

The Essentials of Trading

2009-01-02T08:18:00.001-08:00

Title: The Essentials of Trading, from the basics to building a winning strategy.
Author: John Forman, Managing Analyst & Chief Trader for Anduril Analytics
Synopsis: The financial markets can be a daunting place for someone just getting started. There are so many things you.

Millionaire Traders

2009-01-02T08:12:00.000-08:00

Title: Millionaire Traders: The Book
Authors: Kathy Lien & Boris Schlossberg
Synopsis: Everyday, millions of people turn on their computers and try to earn a living in the financial markets. Some are successful, most fail, but the possibility of hitting it big never deters them from trying

How it works...

2008-11-17T05:59:00.000-08:00

How much precious time do you spend watching the Forex market trying to identify the right price to BUY or SELL?

Instead, why not have our professional forex trading team monitor 8 currency pairs, 24 hours a day. When it’s time to trade we will flash the identified BUY or SELL trade opportunity to the powerful 4XFindMe Forex Signal software on your computer.

CFTC RULE 4.41

2008-11-07T22:54:00.000-08:00

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So there you have it - the track record is simply made up knowing the closing prices and vendors do this hoping the gullible trader will swallow it and they do time and time again.

Of course we can all make money knowing what happened - but trading is a little more difficult than that, we have to trade not knowing the closing prices.

So why don't forex scalping systems work?

Its obvious, we have millions of traders all with a different point of view, methods and skills and trying to decide what this mass will do in a few hours is doomed to failure. Humans are not logical and in short time spans they can and do, drive prices anywhere.

This means that if you have a forex trading system that is trying to take advantage of short term moves, you cant use support and resistance (volatility can and does take prices anywhere) and you can't get the odds in your favor.

To be frank you could toss a coin instead and your results could be as good!

Of course if you still don't believe me ask yourself this question:

If forex scalping worked then why doesn't the vendor have the confidence to trade himself and give you a real long term track record of gains?

If you have read and understood the above you know the answer - forex scalping systems simply don't work.

Forex scalping systems

2008-11-07T22:50:00.000-08:00

Forex scalping systems are all over the net and there very popular as traders seek to scalp small regular profits and build big gains and an income over the longer term. So how do you find a forex scalping system to lead you to currency trading success? Let's find out.

Of course the promises of regular profits and the track records produced by vendors are not real because forex scalping simply doesn't work and whenever you see a forex day trading or scalping track record, you will see the disclaimer below - READ AND DIGEST IT:

How currency exchange (FOREX) market works

2008-09-17T04:36:00.000-07:00

I bet you are well aware of the existent of Forex trading nowadays. Forex market exists wherever one currency is traded for another. Forex, or Foreign Exchange Market, is generally works as an international currency exchange market. Investors and speculators are allowed to trade currencies from all around the world thru Forex trading.

Forex is a very unique type of trading where traders are buying and selling 'money' in the same time. The trades are done in pairs, such as Euro/JPY, USD/CHF, and CAD/USD. It is the world largest trading market where an average of $1.9 trillion trades is done on a daily basis. The turnover rates in FOREX are nearly 30 times larger than the total volume of equity trades in United States.

Despite its large volume of trades done daily, Forex is relative new to the publics nonetheless. It is only made available to publics in year 1998 where big sized inter-bank units are sliced into smaller pieces and offered to individual traders like you and me. Before that, Forex is a game only for banks, multi national cooperation, and big currency dealers. Only those with large business size and strong financial background were permitted to trade foreign currencies.

Money Management

2008-09-17T04:32:00.000-07:00

You are in the business of making money, and in order to make money you have to learn how to manage it. Ironically, this is one of the most overlooked areas in trading. Many traders are just anxious to get right into trading with no regards to their total account size. They simply determine how much they can stomach to lose in a single trade and hit the “trade” button. There’s a term for this type of investing….it’s called GAMBLIN.

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