In my continuing quest to provide visitors of my site with a large amount of options to chose from when considering working from home I have done some research on Forex trading. I first learned of Forex trading while pursuing my MBA program. For those of you who have never heard of this, Forex trading is the exchange of foreign currency.

I know I would have never even know this was an option for making money had I not found out in class. Most of the really big corporations have departments of people that do this for a living because it can be very lucrative if done correctly. The best news I have learned about this process of exchanging currencies is that many of the websites that you can sign up with to do this offer free trial accounts to help you learn before you invest your money into trying it. You won't make any money in the trial accounts if you do well, it is just pretend money essentially but with the real market conditions. If you do well in the trial account you will know if this is something you want to try on your own.

Benefits to Forex trading are that is can be done 24/7 whereas the stock market is a business hours only exchange. It is 24/7 because it is done with countries around the world so clearly there are countries that are awake and working while we sleep. Another benefit is you are in control of the trading on your account. You do not need to hire a licensed broker to make your trades and charge you fees. Along those same lines, anyone who does any investing most likely knows that some funds require you to own then for a certain period of time or pay early withdrawal fees. You do not need to concern yourself with this either. One last benefit that I would like to point out is the fact that Forex is not really subject to the same kinds of swings in the market that stocks are subject to. Of course if you always buy and sell the same currencies then there will be market swings. But, because there are hundreds of currencies out there, there is always going to be something for you to make money on because while one currency is up in value another one is down and vice versa.

There are many resources available to someone interested in becoming involved in this type of training. The Federal Reserve Bank's website is just one example of the information available, http://www.ny.frb.org/markets/foreignex.html. Here is another article that you will find helpful in starting out in this field. http://www.forex.com/pdf/pro2.pdf . I have also included one of the sites that does offer a free lesson. http://www.shareasale.com/r.cfm?b=44910&u=155496&m=8912.

While there are many benefits to this type of training, as I mentioned above, there are certainly risks involved as well. There are risks with exchange rates, central banks in foreign countries, and risks involving interest rates and credit. Forex is quickly becoming a popular way to help diversify your investment portfolio. If you are good with understanding investing concepts and enjoy doing it this may be the home business opportunity for you. Just do your research and try to find one of the sites offering the free trial account to practice with and you are well on your way down the Road to Riches.

Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.

A few additional points, which create such powerful leverage for investors within the forex market are: The amount of capital required to begin investing in the market is only three hundred dollars. For the most part, any other investment market is going to demand thousands of dollars of the investor in the beginning. Also, the market offers opportunities to profit regardless what the direction of the market may be; In most commonly known markets investors sit and wait for the market to begin an up trend before entering a trade. Even then, investors, as a rule must sit and wait some more to be able to exit the trade with a nice profit. Given that the forex market produces several up, down, and sideways trends in a single day, it can easily be seen that forex stands head and shoulders above other markets. Additionally there are trading strategies, which are taught that provide for compounded profits; these are profits on top of profits. In addition, free demo accounts are available within the industry of forex trading, which facilitate the sharpening of skills without the risk losing any capital. And the advantage regarding the time factor intrading foreign currency is a very attractive point for any investor. Compared to one of the most sought after avenues of investing, which often requires forty or more hours each week, namely in the real-estate market, the forex market requires a much smaller demand on the investor's time. Forex trading requires approximately ten to fifteen hours each week to earn a full time income. It's easy to see that the advantages and great leverage that exist in the forex market, make it among the most lucrative, time liberating, and easy to enter by far.

I hope this information gives you a clear understanding of how you can turn your investing into a true method of making your money work harder for you.

Mini forex trading is the fastest and the most cost-effective method to trade in the major liquid currencies from your home or office round the clock at the same prices as large banks and financial organizations.

So an automated mini forex trading platform provides all the advantages of a standard forex trading platform but the smaller trade size gives you the opportunity to trade live with less risk or exposure to the market. The miniforex trading platform, therefore, is the best for a beginner or new investor, who can get a feel of the actual forex trading market without bothering much about win or loss.

The forex mini trading platforms come with the option of opening a demo account in which you get free access to online forex quotes, news and also can trade currencies, but with virtual money. Once you develop the confidence you can open a real live account in the miniforex trading platform. This mini forex trading platform will allow you to start real dealing with mini forex contracts.

If you are an experienced trader or investor and looking for the best and most cost-effective online forex trading platform, then you can open a mini account with the mini forex trading platform, so that you can judge the performance of the platform with little risk.

Most of the mini forex trading platform opens your mini account with as small as $100. The trading platform allows you to trade 10,000 of base currency per lot whereas the standard minimum on realforex is $100,000. You receive the advantage of margin requirements of the mini forex trading platform which may be 0.5% of the actual value of contract you can trade. This comes about $50 per lot.

You can control $10,000 with this $50 deposited on your mini account with the mini forex trading platform. Here you can trade currencies without any commissions and even get profit with positive ‘Swaps'.

An ideal mini forex trading platform should incorporate front end and back office functionality to provide information and dealing or trading capabilities onforex market. The platform should be based on user friendly formats allowing easy navigation and customization of pages to suit your specific requirements.

In a mini forex trading platform you should be able to place market orders on real-time prices and execute your trade instantly. You must have the facility of setting a stop order which closes a trade automatically once it reaches the value you specify. In your miniforex trading platform you can place a limit order which close the trade when it reaches the profit value you are targeting.

Your mini forex trading platform must present a record of past and present trading activity through which you can easily monitor positions and orders combined with margin account management. It should provide access toforex instruments and comprehensive charts, different technical studies including Moving Averages, Bollinger bands, Elliot waves etc.

For choosing a mini forex trading platform you should look for:


* Easy to use interface and ability to use multiple trading strategies

* Can execute multiple types of orders with multi-currency based account

* Complete technical analysis package with in-built indicators and charting tools

* The ability to create different custom indicators

* Should be functional in different time periods

* Option of receiving advice and market information

* Multilanguage Support.

What are the advantages of the Forex Market over other types of investments?

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a "mini account", which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each "pip" or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.

The Forex market is also very liquid. When trading Forex you have full control of your capital.

Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control

Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Forex traders can make a profit during up trends and downtrends. Forex Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.

The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.

Being new to FOREX trading? Don’t worry, getting started in FOREX trading is easy and you can always test your skills first in a demo account before you go ‘live’ with real money. To get started inFOREX trading, we have to get to know what FOREX is. FOREX trading involves buying and selling the different currencies of the world. Buying one currency and selling another at the same time make aFOREX deal. FOREX market is the largest trading market in the world. It yields an average turnover of $1.9 trillion daily and the figure is nearly 30 times larger than the total volume of equity trades in United States.

Who are the major players in FOREX market?

Although FOREX trading involves such a big volume of trades nowadays, it is not made available for the publics until year 1998. In the past, theFOREX market was not offered to small speculators or individual traders due to the large minimum business sizes and extremely strict financial requirements. At that time, only banks, big multi-national cooperation and major currency dealers were able to take advantage of the currency exchange market's extraordinary liquidity and strong trending nature of world's main currency exchange rates. Only until the late 90s,FOREX brokers are allowed to break huge sized inter-bank units into smaller units and offer these units to individual traders like you and me. As a fact inFOREX trading, FOREX is mainly traded in large international bank. According to Wall Street Journal Europe, 73% of the trade volume is covered by the major ten. Deutsche Bank, topping the table, had covered 17% of the total currency trades; followed by UBS in the second and Citi Group in third; taking 12.5% and 7.5% of the market. Other large financial cooperation in the list is HSBC, Barclays, Merril Lynch, J. P. Morgan Chase, Coldman Sachs, ABN Amro, and Morgan Stanley.

Starting in FOREX trading

To start trading on FOREX, one must first learn how to read FOREX quotes. Foreign exchange quotes are always listed in pairs (e.g. USD/JPY 109.2): the first listed currency is known as the base currency with a constant value of 1 unit; while the currency listed in the second is known as counter. In our given example, USD/JPY 109.2 means a dollar of United States Dollar is equal to 109.2 Japanese Yen. In other words, the quote shows the relative value of one currency compare to the other. It means the value USD had been increased when USD/JPY quote goes up

However, a two-sided quote (e.g. EUR/USD 1.2435/1.2440) consisting of a 'bid' and ‘ask’ is often seen. The ‘bid’ price is the price at which you can sell the base currency; while the ‘ask’ price is where you can buy the base currency. The different of ‘bid & ask’ price is commonly known as ‘spread’. In the example of EUR/USD 1.2435/1.2440, this means you can buy 1 Euro Dollar with 1.2440 USD or sell 1 Euro 1.2435. Currency brokers make their profit through these differences of ‘bid & ask’ price and this is how they manage to provide their services to individual investors without charging them commission fees. If you are new to trading it makes sense to deal in the more popular currencies. There are two main reasons for this. Firstly you do not want to be left with a currency where there is little interest and you may have difficulty selling. Secondly the spread between the bid/ask prices is likely to be narrower, making it easier to make a profit.

Major currency traded in FOREX market

There are seven major currencies, the US dollar (USD), Euro (EUR), Japanese yen (JPY) British pound (GBP), Swiss Franc (CHF) Canadian dollar (CAD) and Australian dollar (AUD). The US dollar is the most traded currency followed by the Euro and the Yen. The Euro is the relatively new currency of the European Union although some member states, including the UK, have not changed their currency. Also, if you live in a country using one of the major currencies, when you first start trading it makes sense to begin with that currency. Not only are you familiar and comfortable with the currency, but you are in a better position to judge its strength. The internet has a wealth of information on the financial climate of a country, but if you live there you have access to all newspaper content, as well being in the unique position of experiencing first hand changes at the consumer level.

Why I should trade FOREX?

Main Question raised in your mind might be: Why should you trade FOREX? There are lots of reasons why you should involve in FOREX trading. FOREX market is truly a global market where it opens 24 hours a day through out the whole week (weekends excluded). With the ease of Internet access, transaction inFOREX can be done in anytime regardless on your location. This gives you the convenience to work on any time, anywhere – which in turns gives you the freedom you cannot have in investing other kind of trading.

More over, trading in FOREX gives you an equal prospective in rising and falling market. As trades are always done in pair of currency pairs, FOREX traders can always find chance to make money in anytime, regardless on the fall or rise period of one single country currency. Also, FOREX trading offers incredibly high leverage rates to the traders. By trading currency in margin up to 200 to 1, you can start off yourFOREX trade with minimum capital and huge ROI.

Conclusion

Wrapping things up, I hope that the article gives you a better general understanding about FOREX trading. With the flexibility you can get, FOREX trading suits perfectly into most people investment plans. Like with any new form of trading you need to know what you are doing, especially as there is margin involved. If you are new toFOREX , take all the time you need to learn this new trading skill well -- practice everything you learn with a demo account before you consider going 'live' with your own money. Investors should read books, attend seminars and paper trade until they are comfortable with there strategy.

There are lot's of Forex signals providers out there. New Forex traders might be thinking of looking for a reliable Forex signals provider. Is there any reliable Forex signals providers available?

Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.

There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers. If I have 100 new customers this month, I send out buy signal for the 50 of my new customers while the another half with sell signal. At the end, I will able to have "some satisfying customers". Finally, free advertising and testimonial will be made available.

If you are really new into Forex trading, it's better for you to sign up a demo Forex trading account from any Forex brokers and try some practice trades for a few months. This will give you insight into how the forex market behaves. Then only deposit a small amount of money to get a real feel. There are great differences between demo trading and real trading due to personal trading psychology.

Final words, if you really wish to buy Forex signals from a Forex signal provider, make sure they have got an audited results and do provide a free trial over a substantial period.

Many today prefer to buy stocks online because they don't have the time to get involved in trading decisions during the day and want to take decisions only when they are free, that might even be at midnight. Also online trading service providers offer the individual a whole wealth of information to analyze and internalize before making the investment. Further the commission that these service providers charge on each transaction is much less than what on-floor brokers do. So the investor earns a lot more on every transaction.

While trading online, there are a few things that you should be careful about. We will try here to provide you with some basic indicators.

You must understand that however fast your internet connection is, and whatever software and hardware you are using there will be some time lag between the time you click to place your order and the actual time when your order gets processed and registered. This time lag, depending on how long it is can seriously alter your final gains or losses. What you can do is to see the time-lag is kept to a minimum. That would be possible if you have the best set-up in place and your trading firm provides its subscribers with the best service.

You must get real time updates and stock quotes from your service provider. If it is delayed then you will be placing orders for rates which are long history. And then it will take further time to process your order. What you will finally get is something a lot different from what you were expecting. So the feeds have to be live and real time. There can be no two-ways about it.

to be successful in the field of stocks one is required to have some primary knowledge as to what is what and investing on something will yield how much result. In this article we will briefly try to explain a few fundamental things that any investor on the stock markets should know. And since you will be investing online and there will be no guide for you, knowing these basics will definitely stand you in good stead.

As online trading get increasingly easy many investors drop their guard. That is criminal. You just cannot take it easy on the net. There are a few simple things you should practice while investing on the net like always have all you transactions confirmed by your online brokerage firm, never trade from unprotected computers, regularly update the security features of the software of your computer, never provide your account information to anyone, etc.

A pip is the smallest movement that is possible in the price of one currency against and it is vital to be able to calculate pip values quickly and easily as it is the movement in prices which results in your profit or loss when trading.

A pip is normally, but not always, 0.0001 or 0.01%. In other words, if a currency moves from a price of 1.7650 to 1.7655 it is said to move 5 pips.

The easiest way to understand how to calculate pip values is to start by considering currency pairs which involve the US Dollar and we start by considering the situation when the US Dollar is the quote currency as in the case of JPY/USD, GBP/USD or CHF/USD.

Here calculating a pip value is very easy as a pip will always have a value of $10. So, if while trading JPY/USD the market moves in your favor by 10 pips you will make a profit of $100. Let's see how this works.

Consider a quote of GBP/USD is 1.9730. This means that 1 UK Pound is worth 1.9730 US Dollars. A standard InterBank lot size is 100,000 and which means that 100,000 UK Pounds are worth 197,300 US Dollars. If the market moves 1 pip so that GBP/USD is 1.9731 then 100,000 UK Pounds will now be worth 197,310 US Dollars - a rise of $10.

Now let's turn our attention to what happens when the US Dollar is the base currency and consider a quote of USD/GBP = 0.6439. Here 1 US Dollar is worth 0.6439 UK Pounds and 100,000 US Dollars are worth 64,390 UK Pounds.

If the price moves up 1 pip then USD/GBP = 0.6440 and 1 US Dollar is worth 0.6440 UK Pounds and 100,000 US Dollars is worth 64,400 UK Pounds.

In this case a movement of 1 pip represents a value of 10 UK Pounds which, in US Dollars, gives a pip value of 15.53 US Dollars (10 ÷ 0.6440).

For a standard trading lot with the US Dollar as the quote or counter currency a pip has a value of $10 but, when the US Dollar is the base currency, the pip value will vary with the market price.

We come face to face with our local money every day. The time will come when some of us will need to make or receive a payment in a foreign currency.

To jump this hurdle, we go to the bank to handle the currency exchange, or to a number of foreign currency exchange companies we can find on the internet, who will invariably quote far better rates of exchange. Believe me they will, they could not exist if they did not offer a better deal.

You do not have to be a mechanic to know some essential words about a car like the steering wheel, the hand brake, clutch pedal, the engine etc. But you do need to know these fundamental words to be able to understand what they refer to when becoming a car driver otherwise life would be hard.

Similarly, it is important to know a little about the foreign exchange market so that when the day comes and you will be need to buy foreign currency to get that house of your dreams or anything else abroad, you are not at a disadvantage.

The FOREIGN EXCHANGE MARKET also called FOREX or FX, has no trading centre.

Unlike the London Stock Exchange or the New York Stock Exchange centres, it has no fixed abode, but manages very well and is extremely active.

There are hundreds of brokerage companies and banks, who deal between themselves including big corporations. Put these on one level. On another level, there are smaller agents who handle the buying and selling of the foreign currencies, going by the rates as signalled by Reuters or other agencies. These rates are aligned to the actual events taking place non stop in the market.
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The difference between these two levels is a wholesale and retail classification as existing in other trades. When the media talk about theforeign exchange market, it is the wholesale level they refer to.

Foreign exchange currency institutions have better access to obtaining a more advantageous rate of exchange than the ordinary small company or the man in the street.

The foreign exchange market operates 24 hours per day.

BID is the rate at which a dealer is ready to purchase the base currency.

OFFER is the rate at which the dealer is ready to sell the basic currency.

The difference between the BID and ASK price is called the SPREAD.

The MARKET MAKERS make the profit from the spread. They make no commission.

BASIC CURRENCY is the currency against which the other currencies are quoted.

BULL MARKET refers to a price rising market.

BEAR MARKET refers to a declining price market.

BOTTOM: a description of a price decline meeting heavy support against further price decline.

CABLE: When the steel cable was connected under the Atlantic in 1850 thus linking USA with UK enabling telegraph transmission between the London and New York Exchanges, it was called ATLANTIC CABLE. Satellite and optic cables are now used, and the word CABLE refers to GBP/USD currency pair rate.

CROSS RATES: This refers to currency pairs where the USD is not included like GBP/EUR or GBP/JPY

MARGIN refers to a deposit in cash required to cover the possibility of loss the client may encounter trading the foreign exchange.

MARGIN CALL refers to a requirement for additional money, to make up the minimum cash deposit needed to cover any losses the client may encounter trading in theforeign exchange market.

VOLATILITY refers to the extent of price fluctuation.

There are of course, many more terms used in the foreign currency business, but you have here a selection which will help you to know some of the basics.

Good luck.

A lot of individuals have started getting into Foreign Exchange trading, more popularly known as Forex Trading. The foreign exchange market is considered to be one of, if not the, most liquid market today.

What exactly is Foreign Exchange? Foreign Exchange, also known as Forex or simply FX, is a term used to refer to the trading of the different currencies of the world. This term caters to the Forex market - which is the biggest market in the world, trading more than USD1.5 trillion in a single day.

Most of trading is speculative, with just a percentage of activity corresponding to governments and companies conversion needs.

Forex trading, unlike trading in the stock market, is not carried out through a central exchange, but instead conducted through an interbank market. This interbank market is mostly described as an over the counter market wherein trading of currencies takes place between two correspondents making a trade directly, either over the phone or through electronic networks worldwide.

Trading for the foreign exchange market has its main centers of activity in Sydney, Tokyo, Frankfurt, New York, and London. This distribution of trading centers world wide indicates that forex trading caters to a 24 hour market.

In forex trading, some of the most frequently traded currencies are the major currencies such as the EURUSD, USDJPY, USDCHF, and GBPUSD. The spot market is the most vital market since it contains the largest volume. This market is called as such since trades done in this market are settled immediately - which means settlement within two banking days.

With other ways to earn money and trade, why consider forex trading? Forex trading has certain advantages over other forms of market trading. One of its major advantages is the 24-hour trading window, giving traders an opportunity to instantly react to news that affects the market as it happens. Market liquidity is also a factor. There will always be sellers and buyers to conduct transactions with. This liquidity, which comes from banks that provide liquidity from investors, institutions and other market players, also helps in ensuring the stability of prices. The absence of commissions makes forex trading a very attractive opportunity for investors who want to make deals frequently.

The abundance of opportunities for trading is also another advantage of forex trading. Due to the constant movement of the market, trading is always an option - whether a currency is weakening or gaining strength against other currencies. Trading in this manner ensure that the different currencies work against each other, thereby ensuring the presence of more opportunities to make deals.

There are a lot of gains from forex trading, however, it is important to know as much about the market and the practices before embarking on your first deal.

When the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there's nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you're got to learn from your wrong moves and keep moving on. Learning the basic skills of online forex trading could be easy but, practically, one needs to acquire the advanced skills to play safe through thick and thin of FX trading.

I have traded in forex for many years and, if you count on me, I must tell you that the secret of successful trading lies largely on the hunch and intuition of an trader. Technically expressed, you should have the accurate forex alerts and forex signals to be able to make the right moves in the currency market. However, this is easier said than done as the skills of the Currency Trading Signal takes a long time to master. This is why while a few people are able to boost their forex pips in a short span of time, the others take a long time to achieve the same or maybe, some of them get frustrated and just give it up! The reality is that not many people are ready to be entirely devoted to the perilous process ofonline forex trading.

Having said this, I still wonder why some people choose to be a dare-devil and risk their money instead of simply following an established and renowned Account Forex Online Trading. I began trading in 1997 and there is one important thing I have learnt in my trading career so far, i.e., you have to got to be patient to learn the tricks of making right moves at the right times and profit from your trading.

Since I have led quite a successful career in forex trading, I have been sharing the tips and tricks of online currency trading with many traders around the world through my G7 Forex Trading System which as you know has remained pretty successful for many traders so far. My G7 Forex Trading System is an easy-to-follow, step-by-step trading manual offering in-depth online forex trading review.

If you visit my site (www.forex-science.com) you will find many of my existing customers are pretty satisfied with the performance of their investments and in fact, most of them have been able to increase their forex pips drastically. You would be surprised to know quite a few of them haven't traded for a long time! Now, this is what we call success in the forex trading, eh?

Electronic money transfers are not only used in connection with foreign currency exchange payments, but in a host of other payments especially when larger amounts are involved such as property, cars, boats, in fact anything.

Nowadays, EUROPEAN CROSS BORDER PAYMENTS are made easier for the parties to send, thanks to the use of IBAN which means International Bank Account Number for short.

IBAN is a bank code which identifies the account number and additional characters,
thus avoiding possible mistakes..

It must be noted however, that its validation is no guarantee that the account number or bank code is correct or that it exists.

It is the responsibility of the account owner to notify their IBAN to the party they wish to deal with.

The IBAN is given for the account by the bank serving that account, and should only be taken from that bank. It prevents getting possible incorrect IBAN details, as this can cause delay in receiving payment. Nobody wants any delays when making foreign currency exchange payments.

Companies dealing with international money transfers are very exact and are eager to change one currency against the other as fast as they possibly can, to complete the deal and show their clients how smoothly and quickly they perform.

The bank identification code BIC is another abbreviation, which you will come across.

BIC is a way of being able to identify financial institutions so that the process of telecommunication in financial institutions/banks is facilitated.

In order to make a payment, it is required to quote the IBAN and BIC. The use of IBAN became compulsory since July 2003.

Most people have heard of the abbreviation SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication

SWIFT is a global provider of secure financial messaging service. It is this service that foreign currency exchange companies use to move the money bank to bank. It is also the same service constantly used to move millions of pounds and other currencies by countless other financial institutions. It is fast and safe.

CHAPS or in short The Clearing House Automated Payment System is an electronic same day value payment in sterling, and within the United Kingdom.

It is to be remembered that banks make a charge for the electronic payment transfers.
In contrast, almost all foreign currency exchange companies do not make a charge for outward electronic payment transfers.

When making foreign exchange currency transfers you will simply need to fill in a form, which the company you select to do the business with will provide. The few above mentioned details, serve only to inform those, who wish to know what certain abbreviations actually stand for, plus a little explanation here and there.

Whether you call it Forex or Fx, you are talking about the Foreign Exchange market. This is where the trading of currencies, one against the other, is done. To have an idea just how big the action is, add all the stock exchanges in the world together and the Foreign Exchange will still be bigger!

When you consider that various speculators, hedge funds, governments as well as companies, plus countless private investors who take part, it is hardly surprising that this market is so strong and that the estimated daily average turnover of theforeign exchange market is over 3 trillion US Dollars.

THE SPOT RATE is by far the most asked for. This transaction has to be settled within two business days.

With London, New York, Tokyo, Frankfurt and Sydney as the chief trading centres, the action hardly ever closes.

BID refers to the price at which the buyer is repared to buy the currency.It is like when you are at an auction and you are puttong your hand up to say you are willing to purchase something at that price.

OFFER means the price at which an amount of currency the seller is ready to sell.

LIMIT ORDER is when you give instructions the buy or sell a currency at a predetermined exchange rate.

INTER BANK RATES means the bid and exchange rates when international banks buy and sell between themselves.

SPREAD is the difference between the bid and ask price of a currency.

STOP LOSS is when an order is given to purchase or sell a currency at a price level set by the client on a particular trade which if reached, will close out the particular position at the stated price.

TRANSACTION DATE is the date on which a foreign exchange trade is being done.

SETTLEMENT DATE is the date which foreign exchange contracts settle.

Every currency has a three letter code such as for the Euro (EUR), for the British Pound (GBP), for the US Dollar (USD), for the Japanese Yen (JPY), for the Australian Dollar (AUD), for the Swiss Franc (CHF), for the Canadian Dollar (CAD). Actually, these are the major trading currencies and all commonly traded currencies are called the majors.

CABLE is a name given to the US Dollar/British Pound rate in the foreign exchange market.

EFT is the Electronic Fund Transfer which is the transfer of money between banks.

When there is a quote in currency pairs, remember that the first currency is called the base currency. The second currency is called the counter currency. As an example when you get a quote GBP/USD at 1.96 it means that for one GBP you will get 1.96 USD. So for ten thousand pounds you will get nineteen thousand six hundred US Dollars.

The many foreign currency exchange companies which you can find on the internet will gladly give you a quote, and by phoning around you can find the best currency rates. They will be better than a high street bank is likely to offer and they will give you a very fast service. Furthermore, most of them will not charge you any commission or the cost of the electronic bank transfer.

1. Emotional control is at the heart of good trading.
2. Cut losses with the most strict discipline
3. Make good decisions and winning will take care of itself.
4. When you lose, don't lose the lesson!
5. When in doubt, get out.
6. Keep your risk/reward profile in check.
7. Avoid scheduled news.
8. Consider your account size for appropriate trading.
9. Get a charting program that allows you to build watch lists, sort stocks, and draw trendlines.
10. Scale out of winning positions as they work for you.
11. Don't dig yourself into a hole early in the day or in your career.
12. Trade with a blend of anticipation and confirmation.
13. Evaluate your results at least monthly.
14. Finally (perhaps most important), always be patient.
15. Invest on the side that is winning
16. The objective of what we are after is not to buy low and to sell high, but to buy high and to sell higher, or to sell short low and to buy lower.
17. Capital is in two varieties: Mental and Real, and, of the two, the mental capital is the most important.
18. Markets can remain illogical far longer than you or I can remain solvent.
19. To trade/invest successfully, think like a fundamentalist; trade like a technician.
20. Grow Slowly But Strongly "Pip-Machine"

Forex is a clip word and it means foreign exchange. It could also be written as FX. It represents a country’s currency that is accepted international for foreign transactions; so to speak. E.g. the Great Britain Pounds (GBP), American Dollars (USD), Euro (EUR), etc
As we have been taught in the past, a market is where buyers and sellers meet, it’s a place where people buy and sell, it’s a place where things are exchange for things, etc. the definitions could go on and on but one common thing we could draw out from the definitions is that something is always exchange for another in an ideal market situation.

Following the above two premises, we could therefore conclude that the forex market is a place where foreign exchange is sold and bought or better still exchange. Knowing fully well that foreign exchange also connotes foreign currencies. Unfortunately for our definition, there is no such place asforex market as we have for stock markets. The forex market exists electronically and can only be accessed through the internet. There is no physical location of this market anywhere in the world. Foreign currencies are exchanged for another or are bought and sold via the internet and there is no central market electronically called theFOREX MARKET.

HOW IT WORKS
You are fully aware now that there is no central place called the forex market. Also know that this market is global and anybody with access to the internet anywhere in the word could also access the market. Traders like you and I can only participate in this market through an intermediary called A FOREX BROKER. These brokers are our gate way to the market. We use them to enter and exit the market. They help match buyers with sellers. It’s simple; register with them when you are ready to start and read their rules and procedures as they differ from broker to broker.

15 Rules about Bollinger bands

1. Bollinger bands provide a relative definition of high and low.

2. That relative definition can be used to compare price action and indicator to
arrive at rigorous buy and sell decisions.

3. Indicators can be derived from momentum, volume, sentiment, open
interest, inter-market data, etc.

4. Volatility and trend have already been deployed in the construction of Bollinger
bands, so their use for confirmation of price action is not recommended.

5. Avoid colinearity. The indicators used for confirmation should not be directly related to one another.
Two indicators from the same category do not increase confirmation.

6. Bollinger bands can also be used to clarify pure price patterns.

7. Rice can, and does, walk up the upper Bollinger band and down the lower Bollinger
band.

8. Closes outside the Bollinger bands can be continuation signals, not reversal
signals.

9. The default parameters of 20 periods for the moving average and standard deviation
calculations, and two standard deviations for the bandwidth are just that,
defaults. The actual parameters needed for any given market/task may be different.

10. The average deployed should not be the best one for crossovers. Rather, it should
be descriptive of the intermediate-term trend.

11. If the average is lengthened the number of standard deviations needs to be
increased simultaneously.

12. Bollinger bands are based upon a simple moving average. This is because a simple
moving average is used in the standard deviation calculation and we wish to be
logically consistent.

13. Be careful about making statistical assumptions based on the use of the Standard
deviation calculation in the construction of the bands. The sample size in most
deployments of Bollinger bands is too small for statistical significance and the
distributions involved are rarely normal.

14. Indicators can be normalized with %b, eliminating fixed thresholds in the process.

15.Tags of the bands are just that, tags not signals. A tag of the Upper
Bollinger Band is NOT in-and-of-itself a sell signal

Bill Poulos is highly known for trading since 1974. He has made many books and home study courses that help
newbies easily understand currency trading and experienced traders know a new thing or two, or make the process more
convenient.

How is that possible?

We can agree on something that Forex and trading is not for everyone. Some may undertand it, some may not. But most who do get a lot of money from it, even though it has risks.

Being veteran on the field, Bill Poulos has made his courses very systematic and simplified, no wonder most traders won't give a negative
comment on how his courses were presented. Although there are negative comments on it being more on advertising and profit making, some of this comments may be based on how it worked on them or not. I think it is safe to say that there are many
satisfied customers than people saying bad things about it. Of course there is no material/s dumb enough to say that it has 100% success rate, but being a top notch educational material, rest assured that added with a little help from you, Managing risks and losses to your advantage is possible.

Risk Management and Money Management are the two other great things in the course.

Another great thing about this Forex Profit Accelerator is that it has constant support, making you as successful as possible,and that makes its price worth it.


If you are seriously decided to make a fortune on Forex Trading, this is one serious investment consideration you should make.

Learn more about it here and read the open letter by Bill Poulos to serious traders.
http://best-investment-options.com/Recommends/FPA2.html

Bill Poulos is highly known for trading since 1974. He has made many books and home study courses that help newbies easily understand currency trading and experienced traders know a new thing or two, or make the process more
convenient.

How is that possible?

We can agree on something that Forex and trading is not for everyone. Some may undertand it, some may not. But most who do get a lot of money from it, even though it has risks.

Being veteran on the field, Bill Poulos has made his courses very systematic and simplified, no wonder most traders won't give a negative comment on how his courses were presented. Although there are negative comments on it being more on advertising and profit making, some of this comments may be based on how it worked on them or not. I think it is safe to say that there are many satisfied customers than people saying bad things about it. Of course there is no material/s dumb enough to say that it has 100% success rate, but being a top notch educational material, rest assured that added with a little help from you, Managing risks and losses to your advantage is possible.

Risk Management and Money Management are the two other great things in the course.

Another great thing about this Forex Profit Accelerator is that it has constant support, making you as successful as possible, and that makes its price worth it.


If you are seriously decided to make a fortune on Forex Trading, this is one serious investment consideration you should make.

Learn more about it here and read the open letter by Bill Poulos to serious traders.
http://best-investment-options.com/Recommends/FPA2.html

Will I get rich from Forex? Definitely!

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

That is larger than all US equity and Treasury markets combined!

Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of theForex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making theForex market the most liquid market in the world.

Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, theForex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.

The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.


The FOREX plays a vital role in the world economy and there will always be a tremendous need for the exchange of currencies. International trade increases as technology and communication increases. As long as there is international trade, there will be aFOREX market. The FX market has to exist so a country like Germany can sell products in the United States and be able to receive Euros in exchange for US Dollar.

So you know how it is financially rewarding if you traded successfully in the forex market every single day. Whether a bad economy or not, it has made millions taking advantage of the flactuations in the market. And the good thing is that trading is now available to all of us, having internet access and right knowledge creates wealth.

Ok, ok , i got your point, how do I start trading in forex?

Well, forex is like any other investment or business, it has significant amount of loss sometime.But it is better than having a job because you can work for so little time, yet earn so much more. There is a career waiting for people who are willing to exert their effor, time and mind to learning and benefiting from the Currency Market.

It is important for traders to have consistent learning in the market, and not just giving that role of trading to their brokers. The good thing is there are many learning modules out there available through the online universe. But not all guarantees 100% success on trading. Of course no person or product can be dumb enough to guarantee your success. It also demands effort on your part. A factor you should find when purchasing or looking for information is its reputation and quality.

Poor learning = higher risks and losses
Quality learning = happy trader

One highly credited Stock and Forex Investor, Bill Poulos has made some home study courses that has helped made millions of successful traders around the world. And in one of his courses, Forex Profit Accelerator, is not more of a study home course, it is more of a learning system. Things you will benefit from the system is:

- Forex Education from Bill poulos, a 30 year successful trading veteran

- Learning Money Management and Risk management, what makes it stand out from the rest.

- Constant Support, which is very important because they will be available for you until you succeed and beyond.

- you will learn how to profitably trade for 20 minutes a day and have time to enjoy your money.

- Simple to understand concepts, so it is also easy to apply... which why most like the system.

and more!

Be it new in trading or experienced, constant learning is what makes wealth, at times today, " the more you know, the more money you make". And a learning system like theForex Profit Accelerator can surely give you all the support you need to be successful in Currency trading.

Learn about it and get your free four limited supply E-books from Bill Poulos here.

http://best-investment-options.com/Recommends/FPA2.html


Will you get started now?

The foreign exchange market is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges.

Cash, stocks, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for another. Think about a trip you may take to a foreign country. Where are you going to be able to 'trade your money' for the value of the money that is in that other country? This is FOREX trading basis, and it is not available in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.

Small business and individuals often times looking to make big money, are the victims of scams when it comes to learning about FOREX and the foreign trade markets. As FOREX is seen as how to make a quick buck or two, people don't question their participation in such an event, but if you are not investing money through a broker in the FOREX market, you could easily end up losing everything that you have invested in the transaction.

Scams to be wary of
A FOREX scam is one that involves trading but will turn out to be a fraud; you have no chance of getting your money back once you have invested it. If you were to invest money with a company stating they are involved in FOREX trading you want read closely to learn if they are permitted to do business in your country. Many companies are not permitted in the FOREX market, as they have defrauded investors before.

In the last five years, with the help of the Internet, FOREX trading and the awareness of FOREX trading has become all the rage. Banks are the number one source for FOREX trading to take place, where a trained and licensed broker is going to complete transactions and requirements you set forth. Commissions are paid on the transaction and this is the usual.

Another type of scam that is prevalent in the FOREX markets is software that will aid you in making trades, in learning about the foreign markets and in practicing so you can prepare yourself for following and making trades. You want to be able to rely on a program orsoftware that is really going to make a difference. Consult with your financial broker or your bank to learn more about FOREX trading, the FX markets and how you can avoid being the victim while investing in these markets.

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