Monday, June 14, 2010

Forex Trading - Geography & Schedule

The forex market is a global market with the highest volume of transactions compared to other capital markets. You can trade forex 24 hrs a day and during most of the week (in fact you can trade forex 5.5 days of the week). Trading just stops during the weekend, but not the whole weekend. Trading restarts Sunday evening thanks to the worldwide distribution of the main currency markets. It's like a global race where the post is passed hand to hand from east to west in such a way that you are never left without a market open to trade along the day.

Being more specific, most of the forex market transactions take place in the U.S.A and U.K with a bit more than 50% of the total amount, but obviously they are not the only countries participating in this huge market. The trading day starts in New Zealand and then follows Australia, the Middle East, Europe and America. The major forex markets are London, New York and Tokio.

As a forex trader you should always be looking for placing your trades at the times of major activity in the market so you can use your technical indicators during defined trends and have a much higher probability of having profitable trades.

With this in mind, by now you should be asking what the schedule is of the forex markets around the world. This schedule can be divided like this:

New York : 8 am - 4 pm EST
London: 2 am - 12: pm EST
Tokyo: 8 pm - 4 am EST
Australia: 7 pm - 3 am EST

From this schedule you can easily see that there are two times during the day when the major markets overlap; between 2am and 4am EST (Tokyo/London) and between 8am to 12pm EST(London/New York).

Forex can be a great way of making a living from home or anywhere else your laptop and internet connection happens to take you. Learn more about the basics of forex trading and the best forex trading systems in the market right now:


www.ForexRevolution.com


Friday, June 11, 2010

Forex Trading For Free & For Everyone

by Adrian Pablo


Maybe you are only testing the waters and learning the basics of the Forex market, but that doesn't mean you should be left on the side and without access to a trading station and the ability to enter trades in real time. That's something every aspiring Forex trader needs in order to feel the real emotions and sometimes hard decisions a profitable Forex trader must make.

The good news is that there exists something called "Demo Accounts" and that all reputable Forex brokers will make available to their clients. With an account of this kind you will be able to use the same trading station software used by more experienced and professional Forex traders. With this account you won't need real money from your pocket at all. You will be given an amount of "dummy money" you can use to enter trades in the market and this way you will test how good you really are trading the currency markets.

With this kind of account you can test how much you have understood about technical indicators as Fibonacci levels, Bollinger bands, Exponential Moving Averages, etc. You will be free to commit any mistakes and learn how to fix your trading in such a way that within a short time you will be ready to start trading with real money and with the confidence that you will be trading over a field you already know in great detail. This confidence will boost the amount of profitable trades you make and in consequence your losses will be kept at the minimum possible.

Forex can be a great way of making a living from home or anywhere else your laptop and internet connection happens to take you. Learn more about the basics of forex trading and the best forex trading systems in the market right now:

www.ForexRevolution.com


Wednesday, June 27, 2007

Comments on Forex Trading Account Sizes. Tradestation Forex.

Forex trading is one of the best business opportunities you can think of joining these days.
No other market in the world allows the “Leverage” that the profitable world of currency-trading does. Leverage is all about margin trading. In the Forex market, it is essentially the ratio of the amount used in a trade to the required security deposit needed, by the particular broker you chose to use, for that trade.

Normally, for most brokerages, a margin deposit of just $1,000 allows you to control a $100,000 position in the Forex market. That's 100:1 leverage, or 1%. Or, said in a different way, a “regular full-sized account”, sometimes referred to as a 100k account, allows you to
trade with lot sizes equal to $100,000. Each lot is worth $100,000 in currency. So It would
only require $1,000 to trade one lot.

This great feature in Forex trading is what makes this market the hottest market to trade
in right now. The Forex broker has given you a loan of $99,000 dollars secured only by your
$1,000! This is a huge loan and, as you may know by now, this is what allows traders to make
extraordinary incomes in this market. And, as you also are probably used to hearing ,
"leverage is a two-edged sword" , it is what can cause you to lose a lot of money if you
trade without rules or Stop-loss orders.

But just as an example, let's say you were a person that likes to trade with reckless abandon,
i.e., with no strategy, no common sense, no money- management principles, etc. That’s never
recommended for anyone, but being a Forex trader has such great advantages, that even someone with a trading mind like the one described before, will never lose more than what he has placed into a trade.

Unlike Futures (Commodity Trading), the market that most people associate with High leverage, you can never have a debit balance when trading Forex.

So, despite the greater leverage associated with FX trading, it is still arguably less
risky than futures trading. Futures markets are often prone to sudden and dramatic moves,
against which you can’t protect yourself, even by trading with protective stops. Your position
may be liquidated at a loss, and you’ll be liable for any resulting deficit in the account. But because of the Forex markets great liquidity and 24-hour, continuous trading, dangerous trading gaps and limit moves are very unprobable. Orders are executed quickly, without slippage or partial fills, which is just great.

And as it was not enough, there are no margin calls, for your protection, the forex broker's
trading platform will automatically close out some or all of your open positions if your account
equity, meaning the total floating value of the account, falls below the level required to hold
the positions. Think of this as a final, automatic stop, always working on your behalf to prevent
a debit balance.




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