There are very few forex trading signals providers that are genuinely consistently profitable month after month. There are many that claim to be and have impressive looking performance records but very often it transpires that they massage their numbers, and use hypothetical figures in their calculations, rather than trade their signals themselves.
I've come across many different forex signals providers in my time. It's hard not to as the internet's full of them. Nearly all of them have turned out to be a waste of time. I thought I'd found a great site a while back in the shape of Forex Live Pro, but after having several highly profitable months, even they ended up going on a losing streak and have since closed down.
That's why there's only one company that I'm more than happy to recommend and that's ZuluTrade.
ZuluTrade is basically an extensive database consisting of some of the best forex traders from around the world. You can trade any of the signals that these traders provide automatically in your ZuluTrade account. All you do is open an account, deposit some cash, and choose which traders' signals you wish to trade (based on their past performance record). Then whenever the signals are provided by your chosen provider(s), the same positions are opened and closed automatically on your behalf in your account.
It's basically a managed forex trading account where you're in complete control over which signal providers you use, and all trading is completely automated.
Saturday, August 8, 2009
FOREX versus Stocks
When the company does well and makes a profit, the value of the stocks rise. Stock owners can sell their shares for a profit or hold on to the stock for even more gain in the future. Sometimes companies will issue dividends – part of the profits that are distributed to share holders.
Stocks are traded on stock exchanges. Most stocks are bought and sold through brokers who charge a commission or fee for this service. American stock exchanges include the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ). Most stocks are only listed on one exchange, although large companies may have listings on several exchanges.
Best Forex Trading Software – Automatically Generate Your Trading Decisions When You Relax. Learn more about exactly what this product is about here: instantforexprofit.com
Stocks were traditionally seen as long term investments. So called ‘blue chip’ stocks – those having proven value over many years – may form the backbone of an investment portfolio. Short term trading is a relatively new phenomenon made possible with the advent of Internet trading. Day traders attempt to take advantage of large daily fluctuations in the market by buying and selling many times in one trading period. It is relatively risky and any profits realized are reduced by broker commissions charged on each transaction.
Stocks may sometimes be bought on margin, meaning that the investor borrows money to buy the stocks. Margin rates are usually around 50% – the investor can borrow as much as half the value of the stock.
FOREX
The Foreign Exchange Market (FOREX) is quite different from the stock exchange. In contrast to the stock exchange, the FOREX is primarily a short term market. Most traders enter and exit deals within a 24 hour period – sometimes within a few minutes. Many FOREX trades can be made in one day without building up a large brokerage fee because FOREX trades are commission free. Brokers earn money by setting a spread – the difference between asking and selling prices.
The FOREX is the largest financial market in the world. It is handles transactions worth $1.5 trillion every day. By comparison, all the American stock exchanges combined handle daily transactions worth about $100 billion. The huge volume of FOREX means that it is one of the most liquid markets in the world. There is always a buyer and seller for any type of currency because the world economy relies on the movement of goods from country to country. The stock market is less liquid because participants may choose to hold their investments or move on to other markets.
The FOREX is not located in any one location. Trading markets are located world-wide and because of difference in time-zones trades can be made 24 hours a day, 5 days a week. Trading begins in Sydney, Australia on Monday morning (Sunday afternoon New York time) and continues non-stop until Friday afternoon New York time.
Stock exchanges have more limited trading hours. While it is possible to trade on exchanges world-wide, each exchange is independent and operates for just 7 hours a day. There is no way to buy or sell a certain stock that is only traded on one stock exchange when that exchange is closed.
Other advantages of FOREX? It is more predictable than stocks. It follows well established trends; it allows high leverage – typically 100:1 instead of 2:1 on the stock market; and it doesn’t require a large investment – mini accounts as small as $250 can get you started in FOREX.
Best Forex Trading Software – Automatically Generate Your Trading Decisions When You Relax. Learn more about exactly what this product is about here
Stocks are traded on stock exchanges. Most stocks are bought and sold through brokers who charge a commission or fee for this service. American stock exchanges include the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ). Most stocks are only listed on one exchange, although large companies may have listings on several exchanges.
Best Forex Trading Software – Automatically Generate Your Trading Decisions When You Relax. Learn more about exactly what this product is about here: instantforexprofit.com
Stocks were traditionally seen as long term investments. So called ‘blue chip’ stocks – those having proven value over many years – may form the backbone of an investment portfolio. Short term trading is a relatively new phenomenon made possible with the advent of Internet trading. Day traders attempt to take advantage of large daily fluctuations in the market by buying and selling many times in one trading period. It is relatively risky and any profits realized are reduced by broker commissions charged on each transaction.
Stocks may sometimes be bought on margin, meaning that the investor borrows money to buy the stocks. Margin rates are usually around 50% – the investor can borrow as much as half the value of the stock.
FOREX
The Foreign Exchange Market (FOREX) is quite different from the stock exchange. In contrast to the stock exchange, the FOREX is primarily a short term market. Most traders enter and exit deals within a 24 hour period – sometimes within a few minutes. Many FOREX trades can be made in one day without building up a large brokerage fee because FOREX trades are commission free. Brokers earn money by setting a spread – the difference between asking and selling prices.
The FOREX is the largest financial market in the world. It is handles transactions worth $1.5 trillion every day. By comparison, all the American stock exchanges combined handle daily transactions worth about $100 billion. The huge volume of FOREX means that it is one of the most liquid markets in the world. There is always a buyer and seller for any type of currency because the world economy relies on the movement of goods from country to country. The stock market is less liquid because participants may choose to hold their investments or move on to other markets.
The FOREX is not located in any one location. Trading markets are located world-wide and because of difference in time-zones trades can be made 24 hours a day, 5 days a week. Trading begins in Sydney, Australia on Monday morning (Sunday afternoon New York time) and continues non-stop until Friday afternoon New York time.
Stock exchanges have more limited trading hours. While it is possible to trade on exchanges world-wide, each exchange is independent and operates for just 7 hours a day. There is no way to buy or sell a certain stock that is only traded on one stock exchange when that exchange is closed.
Other advantages of FOREX? It is more predictable than stocks. It follows well established trends; it allows high leverage – typically 100:1 instead of 2:1 on the stock market; and it doesn’t require a large investment – mini accounts as small as $250 can get you started in FOREX.
Best Forex Trading Software – Automatically Generate Your Trading Decisions When You Relax. Learn more about exactly what this product is about here
Internet Marketing – Past Present Future
“Believe the hype. The Internet and the World Wide Web have become the most important new communication media since television, and ones that are fundamentally reshaping contemporary understanding of sales and marketing.” – Jim Sterne. During the last part of the 1990s, the Internet boom saw all kinds of brand new companies that were developing services and products that literally capitalized on the Internet’s potential.
Unfortunately, the push-to-market often resulted in very poor planning and many business models failed to include realistic and profitable business objectives. When the year 2000 ended, many of the above mentioned companies closed their doors. After this black period, the surviving and the new opened companies realized that the web-based strategies and techniques must be taken into consideration just like any other classic marketing tools. The basic questions regarding marketing must still be answered, some of them are:
• Are the business models realistic?
• Who are the customers?
• Which mix marketing strategies are efficient?
• What is the competition doing?
Besides these traditional issues, the internet marketing world had other things to offer:
• Search Engine Optimization ( SEO ) – considered by many to be the most cost-effective method for attracting visitors to a website by getting that website listed on top search engines and directories. This method asked many crucial questions, such as: How can this be accomplished in an efficient way? On-site or off-site optimization? Which keywords are most efficient?
• Pay Per Click Advertising ( PPC ) – the quickest and easiest method to create instant online presence. All PPC campaigns can be created and launched within 2 weeks and the costs are determined by the keyword search volume and the keyword market value. The most important question regarding this method is: How to ensure that owners get the most return on their investment?
• E-Mail Marketing – a custom newsletter design which is combined with a very powerful e-mail management system that sends engaging e-mail, promotions, newsletters, which will stand out above the rest, is one marketing method. Questions raised by this method are: What is a drip campaign? What is an auto-responder?
• Advanced Web Statistics – this method brings more information besides the basic question of how many hits the site receives. These statistics allow owners to measure vital information in a very easy matter, some of the info includes: Where are the visitors coming from? How long do they stay on the website? Which pages are the most popular among visitors? Which of the pages cause visitors to exit the website? The most important issue regarding this method is diagnosing the problem areas and determining the results of a campaign.
In the future, websites will be more personalized, as they will cater to consumers and niche markets. Internet marketing through audio newsletters will probably become a more accessible tool for targeted audiences. Other predictions made by experts regarding the future of Internet Marketing are:
• 50% of experts affirm that anonymous, free, music file sharing on P2P (peer-to-peer) networks will still be easy to perform a decade from now
• 59 % of experts agreed with a prediction that more and more business and government surveillance will occur as computing devices proliferate and become embedded in appliances, phones, clothes and cars
• 56% of experts agreed that as telecommuting and home-schooling expand, the boundary between leisure and work will reduce and family dynamics will change due to this reason
• 57% of experts agreed that virtual classes will become more widespread in formal education and that students might, at least occasionally, be grouped with others who share their interests and skills, rather than by age
All things considered, Internet Marketing is one of the most important aspects of the Internet world and many people are considering that this domain will have a very long future, along with the Internet. All website owners will have to take into consideration at least one Internet Marketing technique.
Unfortunately, the push-to-market often resulted in very poor planning and many business models failed to include realistic and profitable business objectives. When the year 2000 ended, many of the above mentioned companies closed their doors. After this black period, the surviving and the new opened companies realized that the web-based strategies and techniques must be taken into consideration just like any other classic marketing tools. The basic questions regarding marketing must still be answered, some of them are:
• Are the business models realistic?
• Who are the customers?
• Which mix marketing strategies are efficient?
• What is the competition doing?
Besides these traditional issues, the internet marketing world had other things to offer:
• Search Engine Optimization ( SEO ) – considered by many to be the most cost-effective method for attracting visitors to a website by getting that website listed on top search engines and directories. This method asked many crucial questions, such as: How can this be accomplished in an efficient way? On-site or off-site optimization? Which keywords are most efficient?
• Pay Per Click Advertising ( PPC ) – the quickest and easiest method to create instant online presence. All PPC campaigns can be created and launched within 2 weeks and the costs are determined by the keyword search volume and the keyword market value. The most important question regarding this method is: How to ensure that owners get the most return on their investment?
• E-Mail Marketing – a custom newsletter design which is combined with a very powerful e-mail management system that sends engaging e-mail, promotions, newsletters, which will stand out above the rest, is one marketing method. Questions raised by this method are: What is a drip campaign? What is an auto-responder?
• Advanced Web Statistics – this method brings more information besides the basic question of how many hits the site receives. These statistics allow owners to measure vital information in a very easy matter, some of the info includes: Where are the visitors coming from? How long do they stay on the website? Which pages are the most popular among visitors? Which of the pages cause visitors to exit the website? The most important issue regarding this method is diagnosing the problem areas and determining the results of a campaign.
In the future, websites will be more personalized, as they will cater to consumers and niche markets. Internet marketing through audio newsletters will probably become a more accessible tool for targeted audiences. Other predictions made by experts regarding the future of Internet Marketing are:
• 50% of experts affirm that anonymous, free, music file sharing on P2P (peer-to-peer) networks will still be easy to perform a decade from now
• 59 % of experts agreed with a prediction that more and more business and government surveillance will occur as computing devices proliferate and become embedded in appliances, phones, clothes and cars
• 56% of experts agreed that as telecommuting and home-schooling expand, the boundary between leisure and work will reduce and family dynamics will change due to this reason
• 57% of experts agreed that virtual classes will become more widespread in formal education and that students might, at least occasionally, be grouped with others who share their interests and skills, rather than by age
All things considered, Internet Marketing is one of the most important aspects of the Internet world and many people are considering that this domain will have a very long future, along with the Internet. All website owners will have to take into consideration at least one Internet Marketing technique.
Open a Forex Trading Account Apply Now
Important Notice
Forex Capital Markets Ltd. (FXCM) will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
Please ensure you read, understand and agree to the following before submitting your application:
* Terms of Business (PDF)
* Risk Disclosure (PDF)
* Conflicts of Interest Policy (PDF)
* Execution Policy (PDF)
SUBMIT YOUR APPLICATION
An Online Trading Agreement takes
about 15 minutes to complete.
SUPPORTING DOCUMENTATION
Click here to review the documentation needed to
complete your account setup.
FUNDING YOUR ACCOUNT
Click here for the funding options available to get
you started trading.
STEP 2: SUPPORTING DOCUMENTATION
We recommend that you submit your documents to our New Accounts department within 24 hours of your online application submission. Click on our "Live Chat" feature for the status of your new account setup. The following documents may be requested in accordance with your requested account type.
FOR INDIVIDUAL AND JOINT ACCOUNT HOLDERS:
FXCM requires a copy of the following for each named account holder:
1) A photocopy of one form of a non-expired, government issued photo ID.
Your identification must clearly indicate your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.
Examples of this include a:
• Passport • Driving license
• Non-driver's ID
2) A proof of residence dated within six months for the address indicated on the application. (PO Boxes are not acceptable.)
Please note that we are unable to accept any statement or bill that has not been received in its entirety. Information such as the billing name and address must be visible, as well as the company that has issued the bill. Your document must not be folded. Payment stubs are not acceptable, as they display limited information. Confidential information, such as an account number(s), may be removed at your own discretion.
Examples of this include a:
• Gas bill • Electric bill • Telephone bill • Bank statement
• Credit Card statement • Mortgage bill • Current Lease agreement
You may submit your documents as scanned images (JPG, GIF, DOC, PDF—no password protection please) to our New Accounts department at admin@fxcm.co.uk.
Documentation for other Account Types:
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
STEP 3: FUNDING YOUR ACCOUNT TO BEGIN TRADING
We recommend that you fund your account after you've received an e-mail confirmation that your account setup is complete.
• To review all funding options and details, visit http://www.fxcm.co.uk/depositing-funds.jsp.
Once funds arrive in the name of the account holder, a permanent username will be sent by e-mail. Use this new permanent log-in information to access the Trading Station and begin trading your new account!
Important Information: Please be sure to type or clearly print your e-mail address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.
Notice for UK Residents Submitting Applications: The Financial Services Authority requires its members to verify the identity of all applicants. In order to expedite this process, the details on your application will be submitted to Equifax and/or Experian. Your credit file will be accessed using secure online communications, and will be deleted by the credit reference agency once it has finished the verification procedure. Your credit file will be used only in relation to the authentication of your identity.
Within 24 hours of the receipt of your application you will receive an e-mail with an update on the status of your account. If we are unable to verify your identity the e-mail will include details on how to complete your application.
Privacy Notice: Forex Capital Markets Ltd. is licensed under the Data Protection Act 1998 and will treat all information about you as private and confidential. We will not disclose any information relating to you to others except (a) to the extent required by any applicable laws or regulations; (b) where there is a duty to the public to disclose; (c) where our interests require disclosure; (d) at your request or with your consent. For further information, please see our Privacy Policy.
FXCM takes strong measures to prevent identity theft and will report any instances of attempted identity theft, fraud or other criminal activities to the authorities.
Forex Capital Markets Ltd. (FXCM) will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
Please ensure you read, understand and agree to the following before submitting your application:
* Terms of Business (PDF)
* Risk Disclosure (PDF)
* Conflicts of Interest Policy (PDF)
* Execution Policy (PDF)
SUBMIT YOUR APPLICATION
An Online Trading Agreement takes
about 15 minutes to complete.
SUPPORTING DOCUMENTATION
Click here to review the documentation needed to
complete your account setup.
FUNDING YOUR ACCOUNT
Click here for the funding options available to get
you started trading.
STEP 2: SUPPORTING DOCUMENTATION
We recommend that you submit your documents to our New Accounts department within 24 hours of your online application submission. Click on our "Live Chat" feature for the status of your new account setup. The following documents may be requested in accordance with your requested account type.
FOR INDIVIDUAL AND JOINT ACCOUNT HOLDERS:
FXCM requires a copy of the following for each named account holder:
1) A photocopy of one form of a non-expired, government issued photo ID.
Your identification must clearly indicate your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.
Examples of this include a:
• Passport • Driving license
• Non-driver's ID
2) A proof of residence dated within six months for the address indicated on the application. (PO Boxes are not acceptable.)
Please note that we are unable to accept any statement or bill that has not been received in its entirety. Information such as the billing name and address must be visible, as well as the company that has issued the bill. Your document must not be folded. Payment stubs are not acceptable, as they display limited information. Confidential information, such as an account number(s), may be removed at your own discretion.
Examples of this include a:
• Gas bill • Electric bill • Telephone bill • Bank statement
• Credit Card statement • Mortgage bill • Current Lease agreement
You may submit your documents as scanned images (JPG, GIF, DOC, PDF—no password protection please) to our New Accounts department at admin@fxcm.co.uk.
Documentation for other Account Types:
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
STEP 3: FUNDING YOUR ACCOUNT TO BEGIN TRADING
We recommend that you fund your account after you've received an e-mail confirmation that your account setup is complete.
• To review all funding options and details, visit http://www.fxcm.co.uk/depositing-funds.jsp.
Once funds arrive in the name of the account holder, a permanent username will be sent by e-mail. Use this new permanent log-in information to access the Trading Station and begin trading your new account!
Important Information: Please be sure to type or clearly print your e-mail address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.
Notice for UK Residents Submitting Applications: The Financial Services Authority requires its members to verify the identity of all applicants. In order to expedite this process, the details on your application will be submitted to Equifax and/or Experian. Your credit file will be accessed using secure online communications, and will be deleted by the credit reference agency once it has finished the verification procedure. Your credit file will be used only in relation to the authentication of your identity.
Within 24 hours of the receipt of your application you will receive an e-mail with an update on the status of your account. If we are unable to verify your identity the e-mail will include details on how to complete your application.
Privacy Notice: Forex Capital Markets Ltd. is licensed under the Data Protection Act 1998 and will treat all information about you as private and confidential. We will not disclose any information relating to you to others except (a) to the extent required by any applicable laws or regulations; (b) where there is a duty to the public to disclose; (c) where our interests require disclosure; (d) at your request or with your consent. For further information, please see our Privacy Policy.
FXCM takes strong measures to prevent identity theft and will report any instances of attempted identity theft, fraud or other criminal activities to the authorities.
Open an FXCM Practice Account Demo Account
Spread betting demo
Receive live client support, 24 hours a day by phone, chat, or e-mail.
* No Re-quotes
* No Capital Gains Taxes for UK Residents†
* No Debit Balances
Open a Demo Account
To get started, please select your preferred currency:
Rolling Spot Forex demo
Receive live client support, 24 hours a day by phone, chat, or e-mail.
* No Re-quotes
* Forex spreads as low as 1 pip
* No Debit Balances
Open a Demo Account
To get started, please select your preferred currency:
†Profits derived from spread betting are free of all UK capital gains taxes. Applicability of tax benefits is subject to status and nation of residency. Tax law can change and may differ according to your personal circumstances.
Notice
This product summary should be read in conjunction with our Terms of Business. Whilst every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only. If you ever have any questions the please contact FXCM directly.
Risk Warning
Contract for Difference and margin foreign exchange trading carries a high risk to your capital. You may win or lose many times your original stake. Only trade with money you can afford to lose. Make sure you fully understand the risks involved and take advice if necessary. Contracts for Difference and margin foreign exchange trading may not be suitable for all customers.
FXCM CFD products are not offered in any way in connection with, or with the endorsement of the relevant underlying exchange. The use of the word futures contract and relevant exchange by FXCM is simply in order to indicate the characteristics of the product on offer and the characteristics of the service.
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Posted by Nabeel Abdul Qadir nabeel at 3:48 AM 0 comments
Open a Forex Trading Account Apply Now
Important Notice
Forex Capital Markets Ltd. (FXCM) will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
Please ensure you read, understand and agree to the following before submitting your application:
* Terms of Business (PDF)
* Risk Disclosure (PDF)
* Conflicts of Interest Policy (PDF)
* Execution Policy (PDF)
SUBMIT YOUR APPLICATION
An Online Trading Agreement takes
about 15 minutes to complete.
SUPPORTING DOCUMENTATION
Click here to review the documentation needed to
complete your account setup.
FUNDING YOUR ACCOUNT
Click here for the funding options available to get
you started trading.
STEP 2: SUPPORTING DOCUMENTATION
We recommend that you submit your documents to our New Accounts department within 24 hours of your online application submission. Click on our "Live Chat" feature for the status of your new account setup. The following documents may be requested in accordance with your requested account type.
FOR INDIVIDUAL AND JOINT ACCOUNT HOLDERS:
FXCM requires a copy of the following for each named account holder:
1) A photocopy of one form of a non-expired, government issued photo ID.
Your identification must clearly indicate your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.
Examples of this include a:
• Passport • Driving license
• Non-driver's ID
2) A proof of residence dated within six months for the address indicated on the application. (PO Boxes are not acceptable.)
Please note that we are unable to accept any statement or bill that has not been received in its entirety. Information such as the billing name and address must be visible, as well as the company that has issued the bill. Your document must not be folded. Payment stubs are not acceptable, as they display limited information. Confidential information, such as an account number(s), may be removed at your own discretion.
Examples of this include a:
• Gas bill • Electric bill • Telephone bill • Bank statement
• Credit Card statement • Mortgage bill • Current Lease agreement
You may submit your documents as scanned images (JPG, GIF, DOC, PDF—no password protection please) to our New Accounts department at admin@fxcm.co.uk.
Documentation for other Account Types:
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
STEP 3: FUNDING YOUR ACCOUNT TO BEGIN TRADING
We recommend that you fund your account after you've received an e-mail confirmation that your account setup is complete.
• To review all funding options and details, visit http://www.fxcm.co.uk/depositing-funds.jsp.
Once funds arrive in the name of the account holder, a permanent username will be sent by e-mail. Use this new permanent log-in information to access the Trading Station and begin trading your new account!
Important Information: Please be sure to type or clearly print your e-mail address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.
Notice for UK Residents Submitting Applications: The Financial Services Authority requires its members to verify the identity of all applicants. In order to expedite this process, the details on your application will be submitted to Equifax and/or Experian. Your credit file will be accessed using secure online communications, and will be deleted by the credit reference agency once it has finished the verification procedure. Your credit file will be used only in relation to the authentication of your identity.
Within 24 hours of the receipt of your application you will receive an e-mail with an update on the status of your account. If we are unable to verify your identity the e-mail will include details on how to complete your application.
Privacy Notice: Forex Capital Markets Ltd. is licensed under the Data Protection Act 1998 and will treat all information about you as private and confidential. We will not disclose any information relating to you to others except (a) to the extent required by any applicable laws or regulations; (b) where there is a duty to the public to disclose; (c) where our interests require disclosure; (d) at your request or with your consent. For further information, please see our Privacy Policy.
FXCM takes strong measures to prevent identity theft and will report any instances of attempted identity theft, fraud or other criminal activities to the authorities.
copy right by nabeel-niceforex.blogspot.com 2009-2010
Posted by Nabeel Abdul Qadir nabeel at 3:45 AM 0 comments
Sunday, August 2, 2009
Internet Marketing – Past Present Future
“Believe the hype. The Internet and the World Wide Web have become the most important new communication media since television, and ones that are fundamentally reshaping contemporary understanding of sales and marketing.” – Jim Sterne. During the last part of the 1990s, the Internet boom saw all kinds of brand new companies that were developing services and products that literally capitalized on the Internet’s potential.
Unfortunately, the push-to-market often resulted in very poor planning and many business models failed to include realistic and profitable business objectives. When the year 2000 ended, many of the above mentioned companies closed their doors. After this black period, the surviving and the new opened companies realized that the web-based strategies and techniques must be taken into consideration just like any other classic marketing tools. The basic questions regarding marketing must still be answered, some of them are:
• Are the business models realistic?
• Who are the customers?
• Which mix marketing strategies are efficient?
• What is the competition doing?
Besides these traditional issues, the internet marketing world had other things to offer:
• Search Engine Optimization ( SEO ) – considered by many to be the most cost-effective method for attracting visitors to a website by getting that website listed on top search engines and directories. This method asked many crucial questions, such as: How can this be accomplished in an efficient way? On-site or off-site optimization? Which keywords are most efficient?
• Pay Per Click Advertising ( PPC ) – the quickest and easiest method to create instant online presence. All PPC campaigns can be created and launched within 2 weeks and the costs are determined by the keyword search volume and the keyword market value. The most important question regarding this method is: How to ensure that owners get the most return on their investment?
• E-Mail Marketing – a custom newsletter design which is combined with a very powerful e-mail management system that sends engaging e-mail, promotions, newsletters, which will stand out above the rest, is one marketing method. Questions raised by this method are: What is a drip campaign? What is an auto-responder?
• Advanced Web Statistics – this method brings more information besides the basic question of how many hits the site receives. These statistics allow owners to measure vital information in a very easy matter, some of the info includes: Where are the visitors coming from? How long do they stay on the website? Which pages are the most popular among visitors? Which of the pages cause visitors to exit the website? The most important issue regarding this method is diagnosing the problem areas and determining the results of a campaign.
In the future, websites will be more personalized, as they will cater to consumers and niche markets. Internet marketing through audio newsletters will probably become a more accessible tool for targeted audiences. Other predictions made by experts regarding the future of Internet Marketing are:
• 50% of experts affirm that anonymous, free, music file sharing on P2P (peer-to-peer) networks will still be easy to perform a decade from now
• 59 % of experts agreed with a prediction that more and more business and government surveillance will occur as computing devices proliferate and become embedded in appliances, phones, clothes and cars
• 56% of experts agreed that as telecommuting and home-schooling expand, the boundary between leisure and work will reduce and family dynamics will change due to this reason
• 57% of experts agreed that virtual classes will become more widespread in formal education and that students might, at least occasionally, be grouped with others who share their interests and skills, rather than by age
All things considered, Internet Marketing is one of the most important aspects of the Internet world and many people are considering that this domain will have a very long future, along with the Internet. All website owners will have to take into consideration at least one Internet Marketing technique.
Receive live client support, 24 hours a day by phone, chat, or e-mail.
* No Re-quotes
* No Capital Gains Taxes for UK Residents†
* No Debit Balances
Open a Demo Account
To get started, please select your preferred currency:
Rolling Spot Forex demo
Receive live client support, 24 hours a day by phone, chat, or e-mail.
* No Re-quotes
* Forex spreads as low as 1 pip
* No Debit Balances
Open a Demo Account
To get started, please select your preferred currency:
†Profits derived from spread betting are free of all UK capital gains taxes. Applicability of tax benefits is subject to status and nation of residency. Tax law can change and may differ according to your personal circumstances.
Notice
This product summary should be read in conjunction with our Terms of Business. Whilst every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only. If you ever have any questions the please contact FXCM directly.
Risk Warning
Contract for Difference and margin foreign exchange trading carries a high risk to your capital. You may win or lose many times your original stake. Only trade with money you can afford to lose. Make sure you fully understand the risks involved and take advice if necessary. Contracts for Difference and margin foreign exchange trading may not be suitable for all customers.
FXCM CFD products are not offered in any way in connection with, or with the endorsement of the relevant underlying exchange. The use of the word futures contract and relevant exchange by FXCM is simply in order to indicate the characteristics of the product on offer and the characteristics of the service.
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Posted by Nabeel Abdul Qadir nabeel at 3:48 AM 0 comments
Open a Forex Trading Account Apply Now
Important Notice
Forex Capital Markets Ltd. (FXCM) will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
Please ensure you read, understand and agree to the following before submitting your application:
* Terms of Business (PDF)
* Risk Disclosure (PDF)
* Conflicts of Interest Policy (PDF)
* Execution Policy (PDF)
SUBMIT YOUR APPLICATION
An Online Trading Agreement takes
about 15 minutes to complete.
SUPPORTING DOCUMENTATION
Click here to review the documentation needed to
complete your account setup.
FUNDING YOUR ACCOUNT
Click here for the funding options available to get
you started trading.
STEP 2: SUPPORTING DOCUMENTATION
We recommend that you submit your documents to our New Accounts department within 24 hours of your online application submission. Click on our "Live Chat" feature for the status of your new account setup. The following documents may be requested in accordance with your requested account type.
FOR INDIVIDUAL AND JOINT ACCOUNT HOLDERS:
FXCM requires a copy of the following for each named account holder:
1) A photocopy of one form of a non-expired, government issued photo ID.
Your identification must clearly indicate your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.
Examples of this include a:
• Passport • Driving license
• Non-driver's ID
2) A proof of residence dated within six months for the address indicated on the application. (PO Boxes are not acceptable.)
Please note that we are unable to accept any statement or bill that has not been received in its entirety. Information such as the billing name and address must be visible, as well as the company that has issued the bill. Your document must not be folded. Payment stubs are not acceptable, as they display limited information. Confidential information, such as an account number(s), may be removed at your own discretion.
Examples of this include a:
• Gas bill • Electric bill • Telephone bill • Bank statement
• Credit Card statement • Mortgage bill • Current Lease agreement
You may submit your documents as scanned images (JPG, GIF, DOC, PDF—no password protection please) to our New Accounts department at admin@fxcm.co.uk.
Documentation for other Account Types:
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
STEP 3: FUNDING YOUR ACCOUNT TO BEGIN TRADING
We recommend that you fund your account after you've received an e-mail confirmation that your account setup is complete.
• To review all funding options and details, visit http://www.fxcm.co.uk/depositing-funds.jsp.
Once funds arrive in the name of the account holder, a permanent username will be sent by e-mail. Use this new permanent log-in information to access the Trading Station and begin trading your new account!
Important Information: Please be sure to type or clearly print your e-mail address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.
Notice for UK Residents Submitting Applications: The Financial Services Authority requires its members to verify the identity of all applicants. In order to expedite this process, the details on your application will be submitted to Equifax and/or Experian. Your credit file will be accessed using secure online communications, and will be deleted by the credit reference agency once it has finished the verification procedure. Your credit file will be used only in relation to the authentication of your identity.
Within 24 hours of the receipt of your application you will receive an e-mail with an update on the status of your account. If we are unable to verify your identity the e-mail will include details on how to complete your application.
Privacy Notice: Forex Capital Markets Ltd. is licensed under the Data Protection Act 1998 and will treat all information about you as private and confidential. We will not disclose any information relating to you to others except (a) to the extent required by any applicable laws or regulations; (b) where there is a duty to the public to disclose; (c) where our interests require disclosure; (d) at your request or with your consent. For further information, please see our Privacy Policy.
FXCM takes strong measures to prevent identity theft and will report any instances of attempted identity theft, fraud or other criminal activities to the authorities.
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Posted by Nabeel Abdul Qadir nabeel at 3:45 AM 0 comments
Sunday, August 2, 2009
Internet Marketing – Past Present Future
“Believe the hype. The Internet and the World Wide Web have become the most important new communication media since television, and ones that are fundamentally reshaping contemporary understanding of sales and marketing.” – Jim Sterne. During the last part of the 1990s, the Internet boom saw all kinds of brand new companies that were developing services and products that literally capitalized on the Internet’s potential.
Unfortunately, the push-to-market often resulted in very poor planning and many business models failed to include realistic and profitable business objectives. When the year 2000 ended, many of the above mentioned companies closed their doors. After this black period, the surviving and the new opened companies realized that the web-based strategies and techniques must be taken into consideration just like any other classic marketing tools. The basic questions regarding marketing must still be answered, some of them are:
• Are the business models realistic?
• Who are the customers?
• Which mix marketing strategies are efficient?
• What is the competition doing?
Besides these traditional issues, the internet marketing world had other things to offer:
• Search Engine Optimization ( SEO ) – considered by many to be the most cost-effective method for attracting visitors to a website by getting that website listed on top search engines and directories. This method asked many crucial questions, such as: How can this be accomplished in an efficient way? On-site or off-site optimization? Which keywords are most efficient?
• Pay Per Click Advertising ( PPC ) – the quickest and easiest method to create instant online presence. All PPC campaigns can be created and launched within 2 weeks and the costs are determined by the keyword search volume and the keyword market value. The most important question regarding this method is: How to ensure that owners get the most return on their investment?
• E-Mail Marketing – a custom newsletter design which is combined with a very powerful e-mail management system that sends engaging e-mail, promotions, newsletters, which will stand out above the rest, is one marketing method. Questions raised by this method are: What is a drip campaign? What is an auto-responder?
• Advanced Web Statistics – this method brings more information besides the basic question of how many hits the site receives. These statistics allow owners to measure vital information in a very easy matter, some of the info includes: Where are the visitors coming from? How long do they stay on the website? Which pages are the most popular among visitors? Which of the pages cause visitors to exit the website? The most important issue regarding this method is diagnosing the problem areas and determining the results of a campaign.
In the future, websites will be more personalized, as they will cater to consumers and niche markets. Internet marketing through audio newsletters will probably become a more accessible tool for targeted audiences. Other predictions made by experts regarding the future of Internet Marketing are:
• 50% of experts affirm that anonymous, free, music file sharing on P2P (peer-to-peer) networks will still be easy to perform a decade from now
• 59 % of experts agreed with a prediction that more and more business and government surveillance will occur as computing devices proliferate and become embedded in appliances, phones, clothes and cars
• 56% of experts agreed that as telecommuting and home-schooling expand, the boundary between leisure and work will reduce and family dynamics will change due to this reason
• 57% of experts agreed that virtual classes will become more widespread in formal education and that students might, at least occasionally, be grouped with others who share their interests and skills, rather than by age
All things considered, Internet Marketing is one of the most important aspects of the Internet world and many people are considering that this domain will have a very long future, along with the Internet. All website owners will have to take into consideration at least one Internet Marketing technique.
Top 10 Forex Trading Tips
Investing in foreign exchange markets has traditionally been the domain of large institutions and corporates to reduce currency risk.
However, the FX markets have evolved significantly and increasingly are being seen as a source of returns for investors. Institutional investors such as hedge funds have played an important role in this development but as with most markets, retail investors are catching up and looking at FX as an interesting asset class with strong diversification and return-generating opportunities.
However, the FX markets have evolved significantly and increasingly are being seen as a source of returns for investors. Institutional investors such as hedge funds have played an important role in this development but as with most markets, retail investors are catching up and looking at FX as an interesting asset class with strong diversification and return-generating opportunities.
Practise before you start trading with real money
Could you imagine an athlete going to the Olympic Games without preparation and training? Make sure you have practised your trading on a demo platform and get comfortable with the platform and your trading style before committing real money.
Learn Forex Live
Learn Forex Live is a complete system using which you can have access to several tutorial videos that are extremely useful for new forex traders in order to expand their business and earn huge profit in no time. All these useful tutorials are forex related tutorials, that save your time, and in no time you can earn basic tips to get huge profit. The Learn Forex Live system is not only for new traders, however if your are an expert trader, this system will definitely help you to further strengthen your trading tactics, and enhancing your professional skills. This system is extremely powerful and is being used by professionals every day. Using the trading plan of this system you can earn more profit than before. This system is extremely easy to use, all you need to do is to follow the videos, and listen to very useful genuine market instances. Learn Forex Live is must if you want to become a profitable forex trader.
Learn Forex Live system comes along with the free DVD. You can sign up for our free 14 days trial period using our web site just by typing your email address on the specific box. After signing up you have the right to use our forex videos, put our indicators on downloading, and have a look at the forum of our members. This system will definitely improve your business stategies, however if you are not satisfied you just fill the cancellation form, and send it to us, you will not be charged a single penny for that.
In order to design the Learn Forex Live system we have employed several expert and experienced programmers just to include basic as well as expert tips in this system. In order to make the understanding of this system easy we have used different charts that help you in enhancing your profit and improving your plans. We have used charts because learning forex trading might look as if it is a discouraging task at first. The main purpose of using charts is to get your trade feed back, eliminating your mistakes, and improving your business. We regularly introduce updated versions of this system.
The working of this software is such that its memory constantly observes the market and is alert of the existing market situations. In order to run this system Learn Forex Live you need a reliable internet connection and need to install the software, you do not need to constantly monitor the software. You do not need a specific education level in order to use this system. It is extremely user friendly and easy to use.
All our customers are really happy and satisfied with this system. They have always been very optimistic about our products, and anxiously wait for the newer version of this system. One of our customer has increased his profit from just ten thousand dollars to three hundred thousand dollars in just two month using this system. The market can be either growing or falling down due to several reasons. The memory of this system constantly update and adjust it self according to market circumstances.
If you really want to improve and enhance your forex trading and business, you need to go for our extremely powerful and result oriented software called Learn Forex Live today. It is easy to use and 100% increase your profit in no time. So Learn Forex Live is must if you really want to become a profitable forex trader.
Forex Candlesticks Made Easy
If you want to increase your forex trading, and profitability in the market, then this article will definitely help you. This article is very constructive for discouraged forex traders. This article is very helpful if you want to earn profit in less than half an hour with almost no effort. This will be very helpful for expert as well as new forex traders. I assure you that you will not find such a useful product any where else.
The market conditions never remain stable. There are ups and downs all the time in the market shares. In order to overcome this problem, you need to remain disciplined, and follow our tips and use our product called.
Entering and exiting the market at the exact time is necessary. The traders usually wait for the right time to enter the market in order to earn more profit e.g they want to sell their products at the time when the market rates touché the sky. The forex traders who use Forex Candlesticks know how to tackle and overcome business problems, and to improve their business and earn more profit. Most traders do not know when to enter the market, the Forex Candlesticks will guide you in getting you out of this dilemma.
Remember that this product is not a fake, scam, and fraud. This is not a product that makes you rich over night. However you will see enough profit in your business in no time.
Now iam going to tell you the secret of this product in just three minutes. I will tell you the simple, but most effective techniques of Forex Candlesticks, and methods of earning profits without any necessary skills. You might be thinking that earning huge profit is only possible by huge investment. However a new trader with less investment can also earn a considerable profit using Forex Candlesticks. This system is quick, user friendly and competent. The Forex Candlesticks tell you how the market is moving any time you want. It updates you with the most recent information available in forex market.
Learning the reading techniques of Forex Candlesticks will help you to understand the most recent market information. You just need to understand and interpret the market signals. Nothing can beat the usefulness of Forex Candlesticks. Our video tutorials will guide you step by step in order to make a better decision of when to enter the market.
Those who are already using our product are extremely happy with the outcome and performance of this. They have found the product easiest to use and understand. They have appreciated the simplicity of our e-books. The customers have found our product much better than technical indicators, as technical indicators can not make accurate trading decision at the exact time, also they are more expensive than our product and usually give old information. All our customers are earning huge profit using this product.
Before going for our complete product you can easily download our free electronic book called Basic Momentum Analysis. This is available only for a limited time period. All you need to do is to provide us your name and email address. There are huge numbers of useful tips in this book, and all the concepts are represented in easily understandable ways. These ideas are short, exact, and direct to the point. You can immediately apply the book concepts in order to expand your business. You will not find this product any where else as this is proprietary.
Summary
Most people struggle through out their life, yet they do not earn enough profit. If you want to be a successful and profitable forex trader you need to go for our useful product called Forex candlesticks. This is the most useful product that you have ever used. It guarantees the expansion and improvement in your business.
Forex Derivative
One of the most useful, powerful, and extremely classy forex software that helps to improve your business strategies is called Forex Derivative 2.0. 
The brain or the memory of this software is called kernel. The kernel continuously supervises the market and all the time keeps it self updated about the present market circumstances. The market can be either growing, falling down, or may remain stable due to several reasons. The kernel recognizes market condition, and then it selects one of many plans in order to boost your business efficiently. The software runs on a special business platform called metatrader. In order to use the software you first need to install this platform either by using a software or by downloading it from the internet. You also need a reliable internet connection in order to use this software. This software runs effectively only if you first put this on a MI chart which is applicable to all currencies.
The Forex Derivative 2.0 software is the most efficient, powerful, cost effective, and useful forex trading software that helps you in boosting your business and enhancing your profit amazingly.
This software is one of the specialist counselor designed to boost your business and profit. It makes use of several strategies in order to expand your business effectively. The Forex Derivative 2.0 is easy to use as well as user friendly. In order to earn profit all you need to do is to watch the useful videos and soon you will see enough profit in your business. The software is designed keeping in mind all market circumstances. Those who are using this product, they are all victorious forex traders. While designing this product we have kept all your requirements and need in our mind. This product has several solutions and strategies for your business. It uses the strategy that best suits your business by using specific pre-defined set of rules. The Forex Derivative 2.0 is written using a programming language called mq14.
The currencies that can be dealt using this software are EUR/USD, GBP/USD, USD/CAD and AUD/USD. The best thing about this software is that you can take start with an investment of as low as $100. You also have the option of using this software on several pairs of currencies at the same time. One of the salient feature of this software is you can use it any where in the world using your internet connection and you do not need to contineosly supervise the software. It does business for your on its own. Also you do not need any special course in order to use this software. No doubt, the software will definitely increase your profit. However, in case if you are not satisfied with the performance of the software, we will refund you all the money in no time.
Most of the forex traders pay huge amount of money in order to boost their business and earn enough profit, yet they do not achieve the desired outcomes. On the contrary, our product is cheaper as well as efficient and result oriented that best suits forex traders. Right now we have set the cost of this software to be $97. Our main goal is to convey this software to as many users as possible. Once the software reaches to most of the forex traders, then we will definitely increase its cost to its genuine value.
The brain or the memory of this software is called kernel. The kernel continuously supervises the market and all the time keeps it self updated about the present market circumstances. The market can be either growing, falling down, or may remain stable due to several reasons. The kernel recognizes market condition, and then it selects one of many plans in order to boost your business efficiently. The software runs on a special business platform called metatrader. In order to use the software you first need to install this platform either by using a software or by downloading it from the internet. You also need a reliable internet connection in order to use this software. This software runs effectively only if you first put this on a MI chart which is applicable to all currencies.
The Forex Derivative 2.0 software is the most efficient, powerful, cost effective, and useful forex trading software that helps you in boosting your business and enhancing your profit amazingly.
Supra Forex
One of the most essential and necessary software for all Forex traders is Supra Forex. It is now available in its latest edition called Spot Gold. This software assures you to increase your earnings just by spending thirty minutes in a week. Due to the sophisticated and elegant design of the software you cannot even think of losing. There are plenty of Forex traders who are worried about their income, and most of them are even frustrated as a result of continuous failure in Forex business.
CLICK HERE TO ACCESS SUPRA FOREX MEMBER AREA !
For all such traders this latest edition of Supraforex software is extremely helpful. The moment the software was released, huge number of traders went for it and as a result they are now earning massive profits. There are vast numbers of proven examples where Supraforex software earned enormous income and boosted the business of the traders. The software comes along with a free of cost forex mini course book that is very helpful to get your self familiar with Forex, to avoid fatal hazards and loses what steps you should take to boost your business and many more. All you need to do is just to enter your email address along with your name. The software is quite simple to use, it guides you throughout your trade step by step. Those who do not have enough time to sit in front of computer and monitor market situations, this software is the best choice for them. The software is quite efficient and informs its user when to join the business and when to stop the business.
You receive dependable Forex signal that helps you to understand market flow. In practice, it is quite boring and time consuming for individuals to monitor market fluctuations themselves. So it is strongly recommended that Forex traders must go for our most powerful Forex software Supraforex. The software is equally important for any type of user e.g. new, average, and expert traders. It can do business for you on any pair of money. The software can be used anywhere in the world with the help of a trustworthy internet connection. There is a complete test system in the software; using the test system you first check the market fluctuations and then the software tells you whether to trade or not. This reduces the associated loses, and one can not even think of losing money. The best thing about the software is that you can utilize it with any type of agent of your selection. Once you purchase the software you will get life time free updates of it.
CLICK HERE TO ACCESS SUPRA FOREX MEMBER AREA !
Our customers from every corner of the world who are using the software are extremely happy as a result of huge income they receive in their accounts. The software is fully secure because we are offering full money back guarantee; if in case you are not satisfied with the software. You just need to send an email, that’s it. So there is nothing to be bothered about the software.
Forex Ambush - Forex Ambush 2.0 Truely A Winner
Using Forex Ambush 2.0 you can start your own trade from home even with as little as 250 $. It is advisable that you take start from little investment and increase your investment gradually. It may be noted that the more money you invest, the more profit you can earn. With the help of your forex account and the forex signals you can select any trade, the software then using its intelligent machine multiplies your money in no time, independent of your age, location, mother tongue, and educational background.
FOREX AMBUSH EARNING STATEMENTS !
The forex market can be quite dangerous because one may easily lose money if he/she does not take great care of essential tips and instructions. So to avoid such kind of dangers, it is useful to use forex Ambush 2.0.
The customers always feel relaxed about the software, this is mainly due to the full money back guarantee that we offer. Due to the amazing outcomes of the software, none of our customer has yet claimed for the refund. Keeping in mind the requirements of our customers, we also offer absolutely free and useful forex electronic book. You just need to send us you name along with your email address.
The software works in the way that it first waits for the forex signal to be received through SMS or Email. The moment it receives the signal, it then start doing business if it finds the market conditions favorable. In this way it closes the sale making you amazing legal money. The software is like an expert counselor which predicts the future market situation, and then tells you what to do.
Our highly co-operative employees are always feel pleasure to assist and help the customers. So you can feel free to contact us at any time. Once the customers have purchased the product, they will login and start doing trade. They need to select whether they want to receive their forex signals in SMS form or in mail box. The software can trade almost all major currencies.
Forex Confidante - Reveal Top Secret $ 1.2 Million In Forex Confidante
One of the most interesting products for currency trading which we have seen in recent years is the Forex Confidante ebook and course features in forex robot reviews. What’s unique about it is that it’s not a mechanical system, nor an automatic trading program. Also, the material within is vastly different from that in any Forex ebook or course that one can come across.
There are plenty of Forex traders who are worried about their income, and most of them are even frustrated as a result of continuous failure in Forex business because of no fundamental knowledge and expertise of the trading market. For all such traders this latest edition of forex Confidante course is extremely helpful. The moment the course was released, huge number of traders went for it and as a result they are now earning massive profits. There are vast numbers of proven examples where forex confidante earned enormous income and boosted the business of the traders. The course comes along with a free of cost forex course book that is very helpful to get yourself familiar with Forex, to avoid fatal hazards and loses, step to step explanations how to boost your business and many more.
Forex Confidante introduces the trader to 14 golden rules of currency trading, the psychology of trading, and the secrets that will make the investor a powerful investor. Strigano is an expert adviser that is helping millions get in on the hottest investment opportunities presently available; the eBook contains more than a hundred pages jam packed with insightful trading information.
The forex confidante teaches you in few short minutes that its easier than ever for you to amass real Forex wealth. But it’s crucial you understand a few things and the most important is to stop handing over your cash to marketers who don’t have the first clue about the Forex market.
Top Ten Forex Trading Tips
Some of my friends who knew about my involvement in forex trading have been asking me questions about how to get involved in the trade and what are the things they need to be in lookout for. I thought it would be better to have them listed down in here so it would be helpful to them and all the others who want to get involved in the trade and want to know the basics about how to get started with it.
If you dont have any experience with regards to forex trading, if margins, leverage and pip sound like greek to you, you can read the following articles to get an idea about what the forex trade really is.
- External resource material for Forex Trading
- What is Forex Trading?
- Terminology used in Forex Trading
- Why trade Forex?
First of all remember that there is no sure fire way of being successful at forex or any other types of trading for that matter. If there was, there wouldnt be a trade. But there is a Dicta Boelke to forex and almost every trade. Its possible to gain large profits just by chance and if you dont really know what you are doing, in a matter of seconds you can lose all that. On my first day in forex, I made a proift of 200% with a 300$ investment. Its only a few weeks later that I figured the gamble I was playing and the potential losses I could have made. Thankfully nothing happened. But that moment of realisation helped me get into a more disciplined trading methodology.
My tips for getting successful at forex covers three areas. Common sense, Technical aspects of the platform you choose and the steps to carry out once you are in the trade. So here goes my ten commandments to be a successful forex trader.
The Basics
1. Check the platform you are going to trade with. Dont get caught to a scam.
Read reviews, search about the site that you are going to trade with. Google the site name with "scam" after the site name and see whether there are any reports. Check websites like http://www.forexscamcheck.com/ and http://www.reviewpips.com/ You can never be too careful about where your money goes. Some of the well known online Forex trading platforms include FXCM and eToro. Mail them and call them at least a week before you get in and deopsit the money.
2. Dont put all your money into Forex
Or into anything else for that matter. Forex trading is a lucrative business. However like any other high yielding investments, it carries a considerable risk. There are people who try to gain as much as possible when they see an opportunity to succeed. But if things go wrong, you need to have an insurance of getting back with life.
Some of the newer forex platforms offer trading mini and micro lots. If you are not too sure about what you are doing, trade in these lots. The motivation at this time should not be to make profit, but to break even and understand the dynamics of the forex market. Accustom yourself with the market for at least one month or two before you move large sums into the trade. Also, dont try to measure how deep it is by dipping your toe; some of the forex platforms require only about 50$ to start off trading. But youd be wiped off instantly. Have atleast 4x 5x the money you are investing as a backup when you are starting off.
The Technicalities
3. Pip Spread
Pip Spread refers to the spread between the buys and the sells in the market. If you buy a currency and then sell it then and there, you'd loss will be the pip spread. Typically pip spreads are around 2-4 pips in a volatile pair like EUR/USD or GBP/USD.
All most all the online forex trading platforms dont charge a commission. Instead they earn money through the pip-spread. The market you see is actually inclusive of their charges. If the pip-spread is more, that mean lesser profit making opportunities for you and more for them. We'll discuss this further under 8. Pick a currency pair.
4. Volatility of the market
This is not something you will be able to pickup from forums or from their websites. But the volatility of the said online forex marketplace is an important measure in deciding your success ratios. The best way to measure the volatility of the markets is to open demo accounts with a few markets and run their applications concurrently and see how much the market moves at normal times. Just remember to avoid the 'rush hours' during financial announcements. You can also pull up historical trading graphs and compare each other. Since these charts rarely contain the volume, take line graphs and candlesticks to perform a comparison.
5. Carry Payment
The actual Forex trade takes three days to settle. Which means for three days, there is interest paid on the currencies you buy and sell. Most of the forex trading places award the traders either the full or partial amount of this interest. This means if you buy a currency and hold it for a few days and sell it back exactly at the same price, you'd still earn a profit through the interest. This interest is called the Carry Payment. Check with your marketplace if they pay you the carry and how much. The carry trade varies for each currency pair and the amount it self varies everyday. To add to it, carry trade can sometimes be negative; meaning you could actually lose money. So make sure that the trading place has a proper interface to notify you of the carry amount for each currency.
6. Technical/Fundamental Analysis and Market News
Most of the traders who are engaged in online forex trades are not top financial analysts. Therefore most of the marketplaces offer the current market news and trading signals to traders via various methods. For example, when you hear that the Dow is going down, what does it really mean to you as a trader? The answer is that the Dollar will move UP. Funny right? Well thats why you have proper analysts at the marketplace who will tell you what to do now. Most of the online places will give these advice for free when you are dealing in a real account and may offer you a preview of what you get. In addition to analysis of the current market news, some offer buy/sell signals for currency pair where there is a forcasted calculated risk and a reward. I personally have made use of this immensly and when it seemed that the entire world was going down, I closed my eyes and hoped to god that the analyst was right. The currency crashed and hit the forcasted level and bounced back right up to my profit making point. If not for that analyst's advice, I would have joined all others in a selling spree and would have made a loss of nearly 350$.
7. Managed Accounts
See if there is any option of getting a professional to handle your account and if so whether the requirements fit your budget. Usually managed accounts are charged with a commission and require a sizable account and you are not going to earn profits like 40-50%. But it will give you a more consistent income throughout the year and peace of mind.
The 'Other's
8. Pick a currency pair
Once you have decided on a platform to trade with, the next thing you need to do is to pick a currency pair to trade. There are quite a few traders out there who deal with several currency pairs and make profits on pretty much all of them. I personally however havent been much comfortable with that. Ive usually picked up a currency pair or three at maximum and studied them and then moved into the market when they were about to make a turn. Regardless of which method you are going to follow, there are a few characterstics you need to look for when you are picking a pair to trade.
1. Currency Volatility
See how volatile the currency pair is; if the currency pair moves only a little, then the chances of you making a loss is low but so is the probability of a profit. Its not abnormal for a currency pair to move or retrace a whole 100pips in a day. You can easily figure out how voaltile a pair is by pulling up the historical price movement charts. If you see a large price movement within a matter of few minutes or a half-hour period, check whether there has been any financial announcements released within that period and filter them out in the initial analysis; Avoid the 'rush hours' (Although there is a way to ride-the-wave, avoid it at the beginning. Once you know how to swim, we'll hit Tampa). A candlestick version of the graphs will help you out a lot in this exercise.
2. Amount of analysis available
Sun Tuz's Art of War tells us,
"If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle."
Check how much of technical and fundamental analysis and market news is available for the currency pair that you choose. The more informed you are, better the chances of winning.
3. Pip Spread and Carry Payment
Check how much of a pip spread is available for the currency pair under normal circumstances and how much of a carry is present. The pip-spread is an indirect measure of how quickly you can close the trade. If the pip-spread is 2-4 pips, you can close the trade within a matter of hours. But if its larger than that, you may have to hold on for it longer and you have a bigger chance of making a loss than a profit.
Be mindfull about the Carry Payment. Its possible to 'win' using certain currency pairs such as EUR/CHF for a period of few days and without much of a risk. But remember, the side you take in the trade and the time you make the trade matters. So check up on how much you are getting for holding the pair.
Having said that, Id reccomend to trade with the majors (EUR/USD, GBP/USD, USD/JPY and AUD/USD) for a while to get the hang of it. They have the most amount of analysis and market news present. Once you are comfortable with it, start trading the more complex strategies involving the 'crosses'. After all, the riches belong to the once who dare.
9. Pick a profit percentage
The biggest problem with the forex trading is the large amount of profit percentages it offers. With a trade that lasts only for a few minutes, its possible to gain profit percentages all the way upto 200%. But thats where the problem is. Once you start making bigger profits, you start become nervous and try to figure out 'how much more' you can make out of the money you invested. Always make a target and reach towards it. Set a target profit (not a percentage, but a profit amount) of about 200$ per month to begin with. Break it down to a weekly basis and reach towards each sub-goal. 50$ per week is not a overly zealous target in forex. In fact, you can make that within few days. If thats the case, make it and leave it there. Read more about the market news and perform analysis and forecasts for the upcoming week and the month. You would be able to pick up better chances. After you've been in it for about two months, start increasing your targeted profit.
10. Set the the stop-losses and leverage
As mentioned in a few places of this article, forex markets move by as much as 100 pips and its a market that runs 24 hours. You cannot be at the market always to see whether you are making a loss or a profit and to close it at the proper time. This is where stop-loss orders comes in handy. Stop losses allow you to set a price at which the position should automatically close if you are making a loss. The converse of this is also available, the price at which the position should close if the order is making a profit. If you have set up the stop-losses and limits properly, you would know how much youd earn or lose even if you dont look at the trade again.
In theory, you always have a 50:50 chance of making profit or a loss. Always set the stop-loss at the half rate of your profit rate; i.e. if you are setting the limit price of the order to close at 100$, set the stop-loss of the order at 50$. By this way, over a number of trades, you will still be making a profit. Choose the stop-losses wisely, so that they dont get triggered off by sudden spikes. Once I was attending a webinar and one of the attendees asked whether it would be ok to set the stop-losses at 15-20$. The reply to that from the host was that you'd get wiped off in a sneeze. Set the stop-losses at least at 50$.
One of the places where newbies make a mistake is at the leverage. A higher leverage allows you to trade larger amounts with a relatively smaller investment. But it also means that you can easily get wiped off (read the article about Pips, Margins and Leverage article for more details on this). Set the leverage to about 200:1 to start off with.
Always open a maximum position for 10% of your total deposit. i.e. If you have only a 500$ investment, make sure your position margins are not over 50$. This gives you a chance to wait for the market to go as low as it wants and come back to hit your profit marker. But if you had opened positions for 250$, you can wait till only you incur a 250$ loss. Then you'd have to either deposit money more, or close the positions at a 250$ loss.
Like said before, there is no sure fire way of becoming a billionaire through forex. But you can make considerable amount of profit and become succesful at forex. What you need is discipline and awareness. The latter can be easily gathered, but the former needs some practice :) Start off small, dont try to become a millionaire overnight. Step fast and step steadily. You'll make a considerable income comfortably. Happy hunting!
Forex Trading - Tips and Tricks
Forex Trading - Tips and Tricks
Always keep your trading systems simple. Too much information at one time on your trading screen could confuse and delay your
decision to trade.
Broker - A lot of Forex brokers are in business only to make money from yours. Read forums, blogs and chats around the net to
get an unbiased opinion before you choose your broker.
Sample the Environment - It is important to remember that many registered and online trading agents have fictitious platforms
which mirror the real-time, live platform clients register and trade on. It is not only advisable, but it is also actively
encouraged to initially open a 'dummy' account where fictitious Forex trades can be undertaken that closely reflect what real
trades may be like when they are eventually undertaken. Such platforms are designed to give those that are new to Forex a
feel and an idea what real trades on live markets will be like when the decision is made to begin trading.
Buy low, Sell high - Forex trading does not involve the physical purchase of the currencies, but rather involves contracts
for amount and exchange rate of currency pairs. The potential for profit comes from the fluctuations in the currency exchange
market. Regular daily fluctuations in the value of one currency against another give a clear advantage over conventional
stock market equities and instruments. See Trading Illustration Only
Manage Losing Positions - Trades will sometimes inevitably on occasion go against you. It is important to accept them as an
inherent part of trading. Cut your losses and move on having learned from any mistakes made. Always remember however that you
will not be able to trade without losing some positions. It is important to manage these well.
Patience - Do not over-trade your account. Good money management practice is important and will help with profitability. This
will go a long way in helping you develop a strategy which fits with your personal trading capital. Operate a trailing stop
loss policy say 15 to 20 pips behind the trade. Minimize your good trades as long as you are confident.
Flexible Mindset - Don't set yourself false targets and expectations. Experts will tell you trading is not an exact science
and setting oneself unattainable targets will only lead to frustration and feeling of failure when these targets are not met.
Always maintain an open mind. The market is a constantly changing environment tunes your mindset to understand this.
And lastly but definitely not least, it is most important for all market participants to remember that unique experiences and
past performances do not guarantee future results. Trading results can vary in any combination of circumstances. If you do
not have extra capital that you can afford to lose, you should not trade in the foreign exchange market.
Invest wisely and take advantage of the resources and technology available to you in the market.
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