The pre-requisite to learn FOREX is common sense, basic computer and internet knowledge, and hi speed internet availability ! . High school students, and business graduates can learn quicker and financial and marketing professionals are most welcome too. There is nothing as simple as trading online, which not only saves your time, but gives you the power of using your money, the way YOU want to.
There is risk involved, like in any other business. The market is not as speculative as a stock market as we have technical support systems, called RSI (platforms) to analyze and forecast the market trends; bearish or bullish, and ability to comprehend the news and information from the reuters and media channels.
Those who wish to only make money from FX markets, are at large, have more chances of loosing their investments. Those, who are patient, and want to learn first, then trade, have more chances of winning this fight. I say fight because, like a rocket, this passion can take you beyond the sky, and like cancer, it can spread and make you die.
However, do not be afraid. It is not a roller coaster ride, or cancer. It is a very exciting “ART”, for the ‘dare devils’ to test their financial , emotional, and personal planning skills. With my 4 years of experience as a forex trader, I dealt with the most difficult situations, when I had to cut loss (bear or book my loss), and leave home with nothing. On the other hand, it was very exciting, to make $900 within 9 minutes of buying the ‘YEN’, which we traders call the; wild white elephant.
Volatility is the main feature of FOREX markets , however, only a stable and a sensible trader (which you would become if YOU learn the trade yourself, instead of hiring a broker, who may make a wrong financial decision) can make more profits.
To join me, and learn more, and develop your money making skills, drop me an email and a short background about yourself, to start this journey of rough waves and happy shopping times!
www.khmgroup.com/forex.htm
Wednesday, June 2, 2010
Friday, December 25, 2009
The Simple Steps To Forex Trading Success
On this site, you will find information that helps you create the right foundations on which to build your trading skills and knowledge. You will learn Forex Trading Basics that will enable you to pull profits from the markets consistently and have fun at the same time!
Have you gone through numerous trading courses? Feel like trading success is there, just outside the reach of your straining fingertips? Don’t know how or what to do to take yourself to the next level of trading mastery?
Relax…
This site has been created to help you get through that invisible barrier and move on towards forex trading success.
Understand the Truth about Trading
All successful traders have gone through a journey of self-discovery, understanding the markets, taking and managing their risks, and continual education. And after that journey, as if in reward for their patience and perseverance, they get rewarded with knowledge of that “secret” they needed for themselves.
And suddenly, in a single moment, it will dawn on you what the secret of truly successful traders is. You will realize that it’s been sitting there right in front of you all this time, but it’s as though somehow you were blinded to seeing this truth.
When you are ready, that those same words you’ve read a thousand times over, probably in over a hundred places, suddenly becomes so clear you don’t understand why you couldn’t see them before. And that’s when your trading ability leaps to the next level!
How to trade Forex
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.
The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.
The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements.
The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.
The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements.
Thursday, December 3, 2009
The Montessori Philosophy
Montessori is an empirical discipline aiming to study and to help the development of the human individual from birth to maturity within the context of his life-situation. It is an educational method insofar as education is an integrative part of the formative process.
Dr. Maria Montessori, in discovering the role of the Child in the formation of Man, became its helper and its advocate. She thus generated a movement in which those involved in human sciences and their applications can find a coordinating factor in the resulting vision of man. Its impact within this broad and complex field has been considerable throughout the ongoing century.
The most tangible manifestations, however, are to be found in the educational field at large; from preparation for parenthood, childbirth and infant-care at home and in institutions, at centers concerned with the learning process in children from birth to three years, three to six, six to twelve and beyond with both normal and handicapped children.
Montessori should concern all who are genuinely interested in children and in man's future.
Dr. Maria Montessori, in discovering the role of the Child in the formation of Man, became its helper and its advocate. She thus generated a movement in which those involved in human sciences and their applications can find a coordinating factor in the resulting vision of man. Its impact within this broad and complex field has been considerable throughout the ongoing century.
The most tangible manifestations, however, are to be found in the educational field at large; from preparation for parenthood, childbirth and infant-care at home and in institutions, at centers concerned with the learning process in children from birth to three years, three to six, six to twelve and beyond with both normal and handicapped children.
Montessori should concern all who are genuinely interested in children and in man's future.
Wednesday, November 11, 2009
EUR on the forex market
For example, say that you used to use the dollars to take a long position in EUR on the forex market, but you are worried that the price of the euro falls against the dollar. One thing you could do is take out a futures contract on dollars using euros. As the external factors affecting the prices of currencies, the price of futures contracts up and down as well, allowing your euros to dollars to offset your long position in euros. If the euro weakens, the price of futures contract rises, and vice versa. Thus, you have therefore eliminated the risk of your investment money.
Another form of hedging in the forex market is regularly practiced by companies that share internationally with many customers in Europe. A weak euro would cost some money in the long run because the original prices quoted in euros does not result in as many dollars. By taking a long position in dollars using euros, the company would just as much money on the forex they lost to fall on the value of the euro. Similarly, if it would lose money on the forex market due to a fall in value of the dollar, the company would offset the increased profits due to the higher value of the euro on the sale of its products.Hedging is a powerful tool that serves those who take the time to use them
FOREX
FOREX.com provides a comprehensive resource for individuals new to the market or with limited experience trading foreign currencies. It includes educational content, training tools, and market information, along with full-service trading capabilities.
Just as in the stock market, forex investors often use a strategy called hedging transactions to reduce a portion of the risk involved in trading. Many people think of hedging like buying an insurance policy for their money. It works in much the same way. Using investment instruments known as financial futures, forex traders can relax knowing that all losses are covered by the backup plan.
A type of financial instrument futures that many forex traders use to hedge a position is the futures contract, which is an agreement to exchange one currency for another at a specified price as at the last date of closure. Commodities futures currencies are bought and sold on the forex market just like any other instrument such as shares or currencies.
Just as in the stock market, forex investors often use a strategy called hedging transactions to reduce a portion of the risk involved in trading. Many people think of hedging like buying an insurance policy for their money. It works in much the same way. Using investment instruments known as financial futures, forex traders can relax knowing that all losses are covered by the backup plan.
A type of financial instrument futures that many forex traders use to hedge a position is the futures contract, which is an agreement to exchange one currency for another at a specified price as at the last date of closure. Commodities futures currencies are bought and sold on the forex market just like any other instrument such as shares or currencies.
forex trading
At FOREX.com, you can trade on dealing spreads as low as 1-2 pips on the most widely traded currency pairs. You can open a mini account, with a minimum deposit of $250, and a minimum transaction size of 1/10th standard sized lot, or 10,000 of the base currency, with a minimum margin deposit of 0.5% (200:1 leverage). For example, a US$10,000 position would require an initial margin deposit of US$50. A standard account requires a minimum deposit of $2,500, has a minimum transaction size of 1 lot, or 100,000 of the base currency, and a minimum margin deposit of 1% (100:1 leverage). For example, a US$100,000 position would require an initial margin deposit of US$1,000.
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