THE COMPLETE IDIOT’S GUIDE TO FOREIGN CURRENCY TRADING

Product Description
The usually how-to beam to today?s many lucrative, fast-moving investment opportunity. Interactive CD included!

Once deliberate a many epitome of all kinds of investing, unfamiliar banking trade has exploded in to a mainstream. In this concise, easy-to-follow guide, unfamiliar sell consultant Gary Tilkin as well as monetary publisher Lita Epstein strew light upon a finish process, upon condition that tips upon successful trade strategies, explaining a pitfalls, display how to equivocate on-line fraud, as well as most more.

–Interactive enlightening CD facilities Global Foreign Trading?s exclusive program DEALBOOK, that allows readers to record upon to a site as well as sense a routine of banking trading, finish with practical dollars with that to make use of their brand new trade skills
–Also includes live links to up-to-the-minute report upon each unfamiliar banking as well as stream resources veteran traders make use of to get discernment in to this fast-paced market

About a Author
Gary Tilkin is a owner as well as CEO of Global Forex Trading, an on-line trade association unfamiliar exchange, as well as a nationally eminent consultant in banking trade as well as destiny markets with over thirty years of experience.

Lita Epstein is a monetary bard who additionally develops online courses upon investing for early retirement as well as financial as well as investing for women. She is a writer of The Complete Idiots Guide to Social Security as well as Medicare.

Trade On the Forex UK – Make money from Exchange rates

With the global credit crunch making investments hard to come by there is one market that cannot possibly fail. You can make money from trading currencies. If you are someone that takes an interest in current affairs with some spare money to invest, then forex trading could be for you. Make money when the news is good and bad. You just got to predict which way the market is going to go.

The pound is weak now, will it get any weaker? In 6 months time the value of the world’s currency will have changed relative to one another. If you want to hedge against rate changes, you can trade on the forex.

Are you worried that your pound savings might be worth less in year? Hedge it on the forex markets. Profit if the pound falls further. Are you confident that the UK government can turn things around? Make money if the pound rises in value. If you are interested in the foreign exchange markets then read on.

About Forex

The Forex market has quickly become the world’s largest financial market, with an estimate daily turnover of $3.2 trillion. It is a market that has great appeal to a financial trader because of its volume which guarantees liquidity. High liquidity means that a trader can trade whatever currencies he feels like at all times, since there will always be someone to buy and sell any currency he wants. Another outstanding feature of the forex market is that it is active 24 hours a day and is closed only on the weekends. This means that unlike the stock market for example, traders in the forex market don’t need to wait for a bell to ring, but can make trading decisions around the clock.

Enter the internet into the equation. Now the forex market is literally at your fingertips. Most brokers offer online trading facilities which enable you to trade simply by clicking a button, instead of the traditional phone call. The internet has really revolutionized the industry, making the retail section of the market more dominant than ever.

About eToro

eToro is a forex trading platform developed to cater to the emerging retail segment of the forex market. With its simple style and exciting trade visualizations, eToro is the perfect platform for a novice trader to get his first forex trading experience. With its great array of professional forex trading and analysis tools, eToro is also the perfect platform for experts in the field who want to trade comfortably and reliably. eToro has developed a truly intuitive interface that lets traders concentrate on trading instead of messing around with bulky and overcomplicated software.

It’s important to mention that eToro also offers an educational experience, so novices can gain knowledge of the forex market and eventually become pros if they’re so inclined. eToro offers forex trading guides, forums and video tutorials to facilitate their traders’ progress. eToro also offers an unlimited practice mode where both beginner and seasoned traders can sharpen their skills and test their strategies with real market rates.

Overall eToro have successfully designed a software that caters to a very wide segment of the forex trading public. eToro is bound to remain a leader in the forex industry for a long time to come.

eToro’s features:

Visual representation of trades: Monitor your trades with ease by watching creative visualizations of your trading activity.

Practice mode: Test your skills and strategies by trading with live rates, without risking a cent.

Trading Challenges: Compete against fellow traders for cash prizes – with no entry fees.

Trade: Enjoy immediate and accurate execution with all your trades.

Low Spreads: Save a fortune on eToros super low spreads – as low as 2 pips.

And soon to come:

Trade: Enjoy real time execution with all your trades.

eToro’s Pro Insight: Get a look at what currency pairs eToro’s top 100 traders are trading at the moment, and use the inside info to your advantage!

Forex Trading Software

Because of automatic forex trading systems, there has been an increase in interest and has gained in popularity. This was a market which only saw banks and other large financial investors as players but these days it has become attractive to medium and small time speculators. This market handles trading of currency of one country with that of another. Transactions worth trillions of dollars take place here every day without a break; no wonder then that this is one of the largest and most alive financial markets.

Anyone with a forex brokerage account and some experience in trading can now operate forex trading thanks to the internet, advanced networking and communication technologies. Close and constant monitoring is required if you want to keep your position as the global market never sleeps. The automated software system lets you choose a currency as well as its asking and selling price before you trade. Your buy and sell orders can get instantly executed so all you need is your seed money and a broker to help you.

The automatic systems can help you enjoy the profits from this forex trading without having to be a specialist. When managed accounts use the automated trading systems, the program can easily manage everything for you. Therefore automated systems help you save time as you do not handle the trading yourself. Unlike manual trading the auto trading platforms can help you manage more than one account at the simultaneously. When you want to trade in multiple markets with multiple systems, these programs allow you to do this.

The auto forex trading system allows you the flexibility of trading at any time without your presence. It is impossible to miss any profitable trade, even when you are nowhere close to your computer. It is then easy to operate on different systems and deploy several forex strategies. Since every system is activated according to specific trade movements, you can plan your investments and direct your risk accordingly.

To eradicate human emotions which often come in the way of making logical trading decisions, these automated forex trading systems are indispensable. You can now have the capacity to manage several currencies and monitor and trade them too.

Using an auto forex trading system does not spare you from learning the basics of trading, fundamental and technical analysis, study of market indicators, etc. The market is dictated by several factors; therefore there is no guaranteed success by simply using automated trading systems. The automated forex trading system is not purely mechanical; you can program it to suit your individual needs.

What are the Limitations of Technical Analysis in Forex Trading?

To analyze the forex market two basic approaches can be made. One is the fundamental analysis that looks at growth factors of the country whose currencies are being traded. The second is of course technical analysis that analyzes chart patterns and indicators. While both are important in their own unique ways, the fact remains that for a beginner technical analysis is fundamental in context. In this article I will try to explain the limitations of technical analysis in forex trading.

What is technical analysis?

When you use technical analysis in forex trading you are actually using a set of technical indicators. These technical indicators could be for example Bollinger Bands, Pivot points, Moving Average or any of the other indicators you may have come across. And what do these technical indicators do? They help you determine when to enter or exit a trade of a particular forex currency. It is alright using these technical indicators as long as you are careful in the sense that you understand their importance correctly. You simply cannot download a technical indicator and then apply it blindly to your forex trading methodology. That would be a terrible mistake. You need to understand their significance. In other words, what I am trying to tell you are, technical indicators whatever they are, should constitute just a single part of your overall trading strategy. You could very well look at technical indicators as something that pin-points the exact entry and exit points of the currency you are dealing with. But the point is you should never reckon with these technical indicators in isolation. Doing so would be espousing the cause of the very limitations that these technical indicators possess.

Limitations of technical indicators

In order to study the forex limitations, consider for a moment an example of Moving Averages. You could well be using the 35 day, 50 day, 100 day or 200 day moving average. But the significant point you have to remember is that they could be valid only on a daily graph basis. For example some analysts would advise you to trade in the direction of the cross as for example when a 50 day moving average is crossed by the 13 day moving average, as it is usually interpreted as a good signal for doing so. But the problem is, apart from the fact that such crosses do not occur regularly, even if it were to happen it would work soundly only on a daily graph. The point is you should never lead yourself to a situation where you could well be imagining that you saw a cross arise, and reverse or uncross. This is something that could very well happen. Neither should you be looking at the moving average and anticipate that a cross would eventually arise. In other words, never use these indicators to work out a prognosis or else you would not be in tune with the market you wish to trade. Always consider these indicators as just a part of your trading strategy. Use them in conjunction with fundamental analysis. Therein lays your success in forex trading.
Now let's consider the example of the Bollinger bands. It works just fine in a range bound market where prices predictably oscillate between the two bands. Bollinger Bands too have their limitations. For example, the tag of the upper Bollinger Band is by itself not a whole-hearted signal to sell. It is just an indicative tag. Its just that, and nothing more, and nothing else. Similarly the tag of the lower Bollinger Band is not a whole-hearted signal to buy. Again it is only a tag, just indicative and nothing more. If for example, you try to "sell at the tops" and "buy at the bottoms" you could be in trouble if prices move further away from your initial entry point. This is perhaps a major limitation of the Bollinger Band as a technical indicator.

Conclusion:

Successful forex traders should understand the limitations of technical analysis. More importantly it should constitute just one part of your overall trading strategy. Recently I read an article about a survey conducted amongst major players that influence foreign currency markets. According to this survey, only 21% of forex traders use technical analysis as compared to 41% of forex traders who use fundamental analysis. Needless to say, the best course of action would be to use a combination of both.

Forex Club Live Charts

Register for the dbFX webinar, “Focus on the Trade and Not the Money”, on 18 August.

“Focus on the Trade and Not the Money”
Tuesday, August 18th 2009
7:30am New York, 12:30pm London, 7.30pm Hong Kong

During this webinar, Dr. Doug will introduce the idea of how traders should think in terms of probabilities and measure their success by the quality of their trades, rather than by their profits and losses.

* Master the “one trade at a time” mentality.
* Explore how to figure out if you have “edge” in a trade.
* Learn how to measure your success based on your trading process.

August 12, 2009

Interbank FX Brings Private Label Forex Platform to Korea Technology Gives Investment Firms Forex Services; Increased Revenue Stream

Ia provider of online off exchange foreign currency (Forex/FX) trading technology and services, today launched a private label version of its proprietary MT4 online Forex trading platform in Korea.
There are no startup costs, provides all needed trading tools, and no management/licensing fees. For support and education, partners have access to Interbank FX’s IBFXU.
All investment vehicles, Forex included, carry risk. An Interbank FX private label partnership brings incremental revenue, and a complete branded solution on an award-winning Forex platform.

August 11, 2009

M I G EXPOS & CONFERENCES

7th Seoul International Dervatives & Securities Conference
Venue: Westin Chosun Hotel, Seoul, Korea
Date: August 26th - 27th

Alpari (UK) introduces flexible spreads – minimums on average 25% lower than current fixed levels – Tuesday 18th August 2009 (23:00 GMT)

From market opening 18th August 2009 (23:00 GMT), Alpari (UK) will be tightening minimum spreads across all currency pairs and precious metals on Demo and Live accounts. Flexible spread minimums will be reduced, on average, by 25% and up to 60% for some currency pairs compared with current fixed spreads. Refer to the table below. With the introduction of additional price feeds, clients will be able to access significantly tighter spreads as we pass on the benefit of the tighter spreads available to us from the Interbank

FX Solutions Opens FX Solutions UK

FX Solutions (www.fxsolutions.com), a leading online foreign exchange market maker, announced today the opening of FX Solutions UK (www.fxsol.co.uk). Continuing its planned global expansion, FX Solutions is now regulated in three international jurisdictions. FX Solutions UK will complement our existing entities in the US and Australia. It gives us the advantage of expanding our global reach through a presence in the UK and Europe where the potential for growth is extremely promising.” said Michael R. Cairns, CEO of FX Solutions.

FX Solutions UK will offer Foreign Exchange, CFD (Contract for Difference) and spot metal trading for retail customers in Europe and most other countries. For US and Canadian customers, an FX and spot metal only platform is offered, as those countries’ regulatory agencies prohibit CFD trading. FX Solutions UK, a trading name of UK based parent company City Index Limited, is registered in England and Authorized and Regulated by the Financial Services Authority.

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Special department for customer service has been established within Masterforex company

Dear clients of MasterForex! We are glad to inform you on the innovations connected with improvement of quality of services represented by the company. For your convenience was created the united service on work with clients which urged to solve operatively all existing questions of clients, including consultation on the financial, technical, organizational moments.

«For us, such a specialized and well-prepared division in structure of the company, is one of the first steps in basic improvements of represented service quality which we plan to undertake. We understand how the time factor is important in our business, therefore the purpose of new service is first of all the professional and operative decision of all existing questions of the client 24 hours per day» — has commented Igor Volkov, the executive of MasterForex company.

LatitudeFX Limited and GAIN Capital Launch Award-Winning Forex Trading Platform

Local foreign exchange (forex) trading services provider, LatitudeFX Limited, has partnered with global forex giant GAIN Capital to launch GAIN’s award-winning forex trading platform in New Zealand and Australia.

In announcing the partnership and launch of LFX Trader, GAIN Capital CEO, Glenn Stevens, said he was pleased that LatitudeFX had chosen GAIN Capital as its forex provider and believed the arrangement would be a mutually beneficial one.

“The deal struck between the two firms will leverage LatitudeFX’s strong presence in both New Zealand and Australia with GAIN Capital’s proven forex trading technology, execution, clearing and custody services,” said Mr. Stevens.

FXOpen New Design!

Dear Friends, We are glad to inform you that we have almost finished the upgrades on our website. As you can see, we have redesigned our website and we hope that it is more user friendly and useful to you now.

We have opened a poll on our forum to judge your reaction to the changes at our forum. Please visit the thread and vote. Your opinion is very important to us!

Regards,
FXOpen team.

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Alpari Group announces advanced trading platforms: Alpari Direct Pro and Alpari Direct

Straight Through Processing (STP) and Non Dealing Desk (NDD

Higher execution speeds, larger liquidity pool and increased market depth

Alpari, one of the world’s fastest growing providers of online foreign exchange (FOREX) services, will launch two advanced trading platforms by the end of August, offering high-speed and direct access to the international currency market for Alpari clients and other institutional and retail customers. Powered by trading technology provider Currenex®, Alpari Direct Pro will be offered to institutional clients while Alpari Direct will be offered to retail customers.

True to Alpari’s commitment to providing clients with institutional-level services, both platforms will feature Straight Through Processing (STP), Non Dealing Desk execution (NDD), 1 click Executable Streaming Prices (ESP), accurate pricing with fractional pips and integrated algorithmic models that enable enhanced levels of execution. These features will ensure high speed and low latency execution and will empower traders to optimize market impact and reduce execution costs. An integrated Dow Jones feed will keep users up-to-date with current news.

Further to this, Alpari Direct Pro, the execution interface for institutional clients, will provide traders with access to a deep liquidity pool, which aggregates feeds from over 60 global banks and multiple Electronic Communications Networks (ECNs). Alpari Direct Pro shows traders the full market depth and also features 24 order types (including advanced orders such as pegged orders), which empower traders to take control of order timing and execution. In addition, this institutional platform offers intuitive and fast keypad trading capabilities, pre- and post-trade allocation solutions, trade averaging capabilities and sophisticated order management, allocation and advanced reporting tools.

Alpari’s platforms are created using Currenex technology. Currenex is a recognized and award-winning leader in providing trading solutions to the active-trading segment of the FX market.

Commenting on the new platforms, Andrey Vedikhin, Co-Founder of the Alpari Group, said: “Alpari Direct Pro and Alpari Direct represent another step towards Alpari’s goal of providing an institutional level trading experience for all. Alpari now provides its clients with one of the most comprehensive selections of advanced trading tools, expert educational resources and responsive customer services available from any online FX trading provider.”