Mastering Forex Trading

Trying to understand the very fundamentals of a trade:
1) what am I buying
2) whats the balance of my trading account after a trade.
Only answer if you are a FOREX trader - experts only please.

Is it the case that
a) If I have an FOREX account with USD and I buy AUD, I then have an account with AUD dollars in it?
(a sub question of this is, can I then go on to buy another currency using AUD).
Some time later the market moves, and I buy USD using AUD. I realise a profit/loss based on my new USD balance

OR is it
b) If I have an account with USD and I buy AUD, I then have an account balance with USD:AUD at whatever rate.
Sometime later the market moves and I sell my USD:AUD at a new rate, making a profit/loss.
(A sub question of this is, what currency is the profit/loss in - USD or AUD)

Please do not include in your answer things such as margins, spreads, strategies etc. I can learn about those later, I just want the very basics.

Potentially different companys offer different methods so if you are comfortable doing so, in your answer please specify the company that your are trading with.

Cheers

Sam

A Forex trading account works basically like a stock trading account. If you deposit USD into your account, and buy a certain amount of AUD/USD, it’s still a USD account, but you’re holding AUD/USD as a position.

Your account balance, or equity, will fluctuate up or down (in USD) depending on whether the position moves in your favor, or against you.

I’ll mention margin just briefly, because it’s the most important aspect of Forex trading. If your account allows 100:1 margin, that basically means that you can enter a position that’s 100 times larger than what you’d be able to enter if you had no margin. And therefore, you can gain or lose money 100 times faster.

I highly recommend InterbankFX.com. They’re one of the most reputable Forex brokers in the US. I also recommend going to your local bookstore and reading everything you can about stock and currency trading.

powered by Yahoo Answers

http://ForexAutopilotSystem.org — Forex Swing Trading Strategy - A Simple One For Huge Gains Anyone Can Use
To master the enclosed swing trading strategy, will only take a week or so and then your all set to start trading it for big regular currency profits - Let’s take a look at it in detail.

Before we look at the strategy, lets review exactly what swing trading is and why it works. Swing trading is simply buying or selling into overbought or oversold currencies.

So why do currencies move to overbought or oversold levels? The answer is simple because humans push prices to far on the upside when greed is present and to far on the downside when fear is present. All short term price spikes either up or down, don’t last long and prices move back to more realistic levels which reflect the long term supply and demand picture.

If you look at any currency chart, you will see this happen and it will always happen, as humans will always be subject to their emotions - but how do you swing trade successfully?

Let’s look at a simple Forex swing trading strategy for success. I have used this strategy with no alternations, for over 20 years and it will always work here it is:

1.Look at your charts for sharp movements either up or down.

2.Check how overbought or oversold the currency is by looking at some momentum indicators and I like the RSI and stochastic. These are visual indicators of price momentum and don’t take long to learn and you can see them on any free chart service.

Let’s look at an example, of a currency that is overbought and how to swing trade it:

1.When the currency moves up sharply look for the momentum indicators to become overbought and wait.

2. As soon as they turn down look to sell and put your stop above resistance.

3. Target an area of fair value on the downside and a great level to look at is the mid average of a Bollinger band

4. Take your profit just above this level and bank it.

In a bear market you would do exactly the opposite.

This strategy is simplicity itself but it works and will continue to work in addition, you will find it easy to use because you don’t need as much discipline as long term trend following, you also get plenty of trades, it’s exciting and fun.

I call swing trading “hit and run trading” and that’s what your doing - getting high odds set ups, hitting them and then banking profits, before the position can turn back on you. If you learn and practice the above strategy for a week or so, you will soon be confident enough to applly it for long term currency trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential Forex info and more on the BEST Swing Trading Strategies visit
Forex Swing Trading Strategy - A Simple One For Huge Gains Anyone Can Use

Duration : 0:6:26

(more…)

Technorati Tags: advice, advisor, analysis, Anyone, auto, automated, autopilot, best, broker, business, buy, Can, cash, conversion, converter, currencies, currency, Dollar, download, exchange, expert, financial, for, forex, forextraders, foriegn, Gains, Huge, income, indicator, killer, make, market, money, Monitor, mt4, One, Online, pilot, pips, platform, price, profit, program, rate, results, review, robot, scalping, scam, simple, strategy, Swing, trading, Use

This strategy uses a 10 and 21 ema with a 60 period MVA. You can learn more about how to trade the Forex at

http://www.winnersedgetrading.com

Duration : 0:2:58

(more…)

Technorati Tags: Average, Moving

I have had a practice Forex account for a few months now and have been experimenting with it in terms of leverage in which I always use 1:25 now, and the currency pair I am familiar with; GBP/USD and have discovered that so far at least, and hopefully always, I keep on making 10%+ profit onto my capital every time I trade using my personal strategy I’ve developed.

I am going to be 18 in a few weeks time and I intend to put in a few hundred to open up a real Forex trading account, and what I’d like to know is if its possible that by always using the same currency pair, if I could become a millionaire all in good time if I keep on making consistent profits as such with the GBP/USD? Has anybody ever only traded 1 currency pair always, and made a million starting with little capital? Has this ever been done before, and is it possible to do?

The correct name of the trading pair is GBP/USD (in case others try to find USD/GBP).

Yes, you can trade just one pair and one pair alone is sufficient to trade. Actually, it is highly recommended to trade one or two pairs rather than several as you can focus much more on learning the personality of the pair.

It is great you are interested in investing at such a young age as you have the time to accumulate a large amount of money. Make sure to make regularly deposits into your account and with your strategy you can see the magic of compounding.

powered by Yahoo Answers

I am nearly 18, and I have a very strong interest in Forex trading. I have a practice account with FX Express and have discovered some interesting things and techniques that I’ve discovered myself on how to make money.

I’ve developed my own strategy that works everytime I trade so far, and I’m making 10% compounded everyday I place a trade. in fact I want it to be my career. I will open up a live account with real money as soon as I turn aged 18 with maybe a couple of hundred. The only problem is that my mum and step-dad say "You’ll never make a living out of it", or "You’ll lose all your money." What I’d like to know is if its actually possible to make a decent living out of Forex trading and do you or anyone you know currently do this as a day trader. I’d like to prove them wrong.

Yes, it’s possible, but not with a couple of hundred dollars of starting capital. Think about it, for many professional traders, having a 50% profit on the year is considered a good year. If you start of with $200, and make 50% profit, you would have $100 profit. Is $100 enough for you to live off of? Not unless you live in a cave.

However, if you start off with $100,000 capital, and make 50% profit for the year, then you would end up with $50,000. Is that enough to live off of? Probably yes.

Yes, I know $100,000 is a lot of money. But you can start up with $5,000 and work your way up. You are still young. I would get a job and start saving, and on the side, continue to trade and research using a micro account. (Notice how I didn’t say demo account because demo accounts success do not translate to real account success). Anyways, once you know you can be profitable with real money, then you wouldn’t hesitate as much to put in $5000, or $10,000 or whatever you have saved up in your account.

Lots of people make great living as day traders. But it takes time and patience to get there. Hope this helps.

powered by Yahoo Answers

Price Action http://www.learntotradethemarket.com

Duration : 0:5:6

(more…)

Technorati Tags: forex trading, methods, price aciton, strategies, systems

Best forex platform for trading http://forex.mypiece.com. You can set autopilot with set limit order. Majority buyer percentage on currency, oil, gold and metal is shown in chart pencentage. Real time trading with no software required,fast and easy to use.

Duration : 0:3:51

(more…)

Technorati Tags: autopilot, forex, george, killer, money, robot, scalping, secret, sorrow, strategy, Tips, tracer, trading

http://www.moneyshow.com?scode=013356 Watch forex trading expert Rob Booker discuss the outlook for the dollar, major currencies, technical and fundamental analysis, and strategies for FX trading.

Duration : 0:7:22

(more…)

Technorati Tags: analysis, currency, Dollar, exchange, foreign, forex, fundamental, outlook, technical, trade, trend

-Visit:

http://ForexAutopilotSystem.org

–
Forex Trading Strategy | Forex Autopilot -
forex trading
forex strategy
forex autopilot
forex scalping
pivot
forex training
forex killer
forex tracer
forex robot
forex market
forex trader
make money with forex
make money day trading
automated forex
automated forex robots
automated forex tracer
automated forex trading
automatic trading
best forex strategy
best forex trading
best forex training
best online forex
broker forex trading
buy currency online
buy foreign currency online
commodity forex online trading
commodity futures trading
convert currency online
currency conversion calculator online
currency conversions online
currency exchange training
currency forex learn online trading
currency forex online trading
currency hedging strategies
currency on line
currency online free
currency strategies
currency strategy
currency trading
currency trading how to
currency trading strategies
currency trading strategy
currency trading training
currency training
day trading
does forex autopilot system work
does forex autopilot work
eve online currency
foreign currency online
foreign currency trading
foreign exchange hedging strategies
foreign exchange strategies
foreign exchange strategy
foreign exchange trading
foreign exchange training
forex
forex alerts
forex auto robot platform programs
forex automated trading autopilot
forex autopilot
forex autopilot any good
forex autopilot results
forex autopilot review
forex autopilot reviews
forex autopilot robot
forex autopilot software review
forex autopilot system
forex autopilot system robot
forex autopilot system torrent
forex broker
forex brokers
forex cash cow strategy
forex charts
forex course
forex currency
forex currency trading
forex currency trading system
forex day trading
forex day trading system
forex education
forex enterprise
forex hedge strategy
forex hedging
forex hedging strategies
forex hedging strategy
forex india online trading
forex investing
forex killer
forex killer compare software
forex killer review
forex killer reviews
forex killer scam
forex killer software
forex killer system reveiws
forex killer truth
forex made easy
forex managed accounts
forex market
forex market trading
forex news
forex online option trading
forex online system trading
forex robot
forex robot trader
forex robot trading
forex robot trading platform programs
forex scalping
forex scalping strategy
forex scalping system
forex signals
forex software
forex strategies
forex strategy
forex strategy builder
forex system
forex systems
forex tracer
forex tracer and faps
forex trade
forex trade robot
forex trade signals
forex trader
forex traders
forex trading
forex trading company
forex trading course
forex trading courses
forex trading education
forex trading how to
forex trading machine
forex trading mentor
forex trading news
forex trading platform
forex trading secrets
forex trading seminar
forex trading signal
forex trading signals
forex trading software
forex trading software online
forex trading strategies
forex trading strategy
forex trading system
forex trading systems
forex trading tools
forex trading training
forex training
forex training course
forex training courses
forex training video
forex training videos
forextrading
forextrading com
free forex killer
free forex robot
free forex training
free online currency conversion
free online currency converter
free online forex trading
free online forex trading course
freedom rocks
fx trading
genuine online trading forex
global forex trading
high yield investments
how to be a foreign exchange student
how to become a foreign exchange student
how to buy currency
how to buy foreign currency
how to calculate currency
how to calculate currency exchange
how to calculate foreign exchange
how to change currency
how to convert currency
how to convert foreign currency
how to exchange currency
how to exchange foreign currency
how to forex
how to get foreign currency
how to hedge currency
how to invest in currency
how to invest in foreign currency
how to invest in forex
how to make currency
how to read currency
how to read forex
how to read forex charts
how to trade forex
how to use forex
how to write currency
investment
investment forex online
is forex killer a scam
is forex tracer a scam
killer forex
learn forex
learn forex trading
learn forex trading online
learn to trade forex
make money
make money at home
make money online
making money
managed forex
managed forex trading
marcus leary
mini forex trading

Duration : 0:5:56

(more…)

Technorati Tags: autopilot, currency, forex, fx, killer, make, market, money, pivot, robot, scalping, strategy, tracer, trade, trader, trading, Training

hi I’m new to forex trading and I just had some technical questions for anyone who has some experience

My first question is regarding margin calls, now say I’m investing a hundred dollars at 100x, what would happen if my losses were more than 100 dollars but I had another 10 000 dollars in my bank account. Could I set it up for the broker to take more money out of my account instead of losing my position?

Another question I had was once again about margin calls. how much money should I leave in my account and not touch to avoid margin calls? If I’m investing with 2000 dollars and I leave 8000 extra in my account could I avoid margin calls?

What currency pair on average has the least fluctuation?

What is the most detailed site that’s not a broker where I can get free analysis, newsfeeds, and good up to date charts?

what’s a good simple strategy? my plan is to start with 1500 and invest with 1000 dollars at ten times leverage and keep adding more to cut my losses
every 8% the value of the currency goes down, I’ll put another 1000 and when they go up I’ll wait till the money is 100 pips over the average to sell. now that’s a beginner strategy which probably has tons of flaws please point them out. Thanks in advance

In my opinion the best way to learn Forex is:
1 - Open a demo account with a broker,
2 - visit free websites like http://www.freeforexebook.org/ and http://www.forextopten.com/ to learn the basics,
3 - practice your skills on the demo account until you’re making consistent profits,
4 - take a course or buy a system that allows you to improve your trading. Read reviews on website like http://www.topforexeducation.com/

powered by Yahoo Answers