Fibonacci Forex Trading Techniques - Practise Forex Trading Online With Charts Using The Fibonacci Trading Method To Rake In Big Profits

There are so many approaches to trading forex especially in the technical analysis field, that many times the newbie to forex trading will be dumbstruck with the various trading techniques and strategies. From the very simple but effective price trading action method to the sophisticated methods of neural network price projections and the complex methods of astrology and moon readings, forex traders, whether newbies or veteran traders can choose from a vast arsenal of trading tools to assist them in trading profitably.
One simple way to trade is to use fibonacci price levels and retracements.
As the price of a trading instrument increases, it will move from a low point A to a high point B, where B forms a temporary top. At point B, prices will then fall off and retrace. Statistics have shown that prices will want to fall off to fibonacci levels of 25%, 38.2%, 50% or 61.8% where it can get support to stage a rebound. The reverse is true when prices fall from a point A to a point B. Simple as it sounds, these observations can be used accurately to trade the forex, and has evolved into what we call fibonacci trading, some calling it "quick fib" trading.
The difference between trading forex and other capital instruments such as futures and commodities and stocks and shares becomes apparent when we use this method of trading. Firstly, when we trade forex, we do not have the opportunity to know the quantum of volume being traded at that instant, and so all we can do in forex analysis is to decipher the price movements. This makes the fibonacci trading method a price action trading method. In contrast, when we trade stocks and shares or commodities, we correlate trading volume to price outbreaks. When we have a price outbreak, and that is accompanied by heavy volume, we attach a higher level of confidence that the outbreak is genuine. Fibonacci Forex Trading Techniques
But in the absence of volume figures in forex trading, how then can we gain a high level of confidence on the price outbreak at any given time? Throughout the span of the rich knowledge of trading gained by veteran and experienced traders in the forex market, there has evolved methodologies and strategies that can allow the trader to have a high level of confidence that their trade is moving in the projected direction. The application of the legendary trader WD Gann price movements in eighths, for example, has led to the use of mini price levels and fibonacci levels to confirm price movements. Others have used projected price levels which are computed on a daily basis, so that if the forex prices were to violate the price levels and are sustained above certain price levels, then a higher level of confidence can be attached to the direction of the price and that the price will likely to continue higher.
The study of fibonacci in trading is therefore an interesting one and more importantly, a profitable one. For the aspiring trader, it pays tremendously to engage in a study of this important method of fibonacci retracement levels and how to apply it in his trading.

Forex Trading Uk Tax - 3 Ways to Trade the Markets

Forex trading has become an extremely popular occupation in the UK in recent years. Share trading and investing has always been popular here but now forex trading is booming as well. So how can traders from the UK actually trade the forex markets?
Well there are three main ways you can trade currencies. The first one is quite simply through a traditional forex broker. If you browse the internet you will find endless numbers of forex brokers eager for you to open an account with them. They will entice you in with promotional offers and possibly the promise of narrow spreads, but I don't personally believe that forex brokers are necessarily the right route to take if you want to trade forex.
The reason why I say this is simply because if you are based in the UK and trade through a traditional forex broker then you are liable to pay tax on any profits you make. However if you use one of the other two methods I'm about to discuss, then any gains you may make are completely tax free.
The first of the these two methods is not one I would personally recommend but you can actually bet on the movements of the major currency pairs through a small number of online bookmakers. These sites run a number of different markets and some of them include currencies so if you want to speculate on the price of a particular pair in the near future or at 12.00 or the closing bell, which are popular markets, then you can do so through the online bookies which will either quote prices in the traditional manner using fractions or decimal odds, or through the use of binary bets. Forex Trading Uk Tax
This option is great for the casual punter who fancies the occasional bet on currencies every so often, but ultimately it is essentially gambling and not the preferred choice for a professional trader. Also if you manage to fleece the bookies making several winning bets, then there is always the chance that they will suspend your account or limit your bets to really small amounts.
There is a much better option if you are serious about forex trading and that's spread betting. This is just like betting through a bookmaker in that any gains are tax-free but it is better suited to the professional trader. You don't need to worry too much about your account being closed if you do well because the company can always place a corresponding trade every time you place your trade.
These professional spread betting companies are tightly regulated and are an excellent alternative to a traditional forex broker. Most of these companies provide professional charting software like most forex brokers and the spreads are just as competitive if not more so than a lot of brokers. Plus all of your gains are tax-free.
So to sum up, if you are a UK-based forex trader you basically have three main options if you want to trade the forex markets. You can either go through a conventional broker or you can choose the tax-free options of using either a bookmaker that offers financial betting or one of the many spread betting companies.

Australian Forex Market Hours - Time To Invest In Forex

The recent Australian stock market crash is the most prolific since the crash of October 1997. For many this devastating news, however it presents an unbelievable opportunity in terms of investing in forex. Sure you could 'see out the cycle', but maybe it is time to discover the clear benefits and advantages of investing in foreign exchange as opposed to the stock market.
Why Forex Beats Stock
Forex or foreign exchange is truly a 24 hour market - there is always activity and it not dependent on 1 main location - as the stock exchange is with the NYE. The forex market is not locked into the bull vs bear mentality as is the case with the stock market- this recent crash is a glowing example of the 'bear' as investor's were reacting to the US sub prime crisis. In foreign exchange one currency is traded for another- so there is always a currency which is profitable to invest in. Further to this rises of interest rates have little effect on the FX market- if anything they tend to strengthen a currency.
The major reason why forex is more profitable than stock is because of the limited amount of units there are to invest in. On the New York Stock Exchange for example there are approximately 8000 stock issues. In foreign exchange there are 4 main currencies and 32 second tier currencies. This makes it much simpler to predict and invest based on trends and statistical data. Australian Forex Market Hours
How To Profit From Forex
Firstly it is advisable to favour medium term trades - these have been shown to be consistently more profitable As Justin Kuepper, regular contributor to Investopedia.com suggests choosing a medium term trade will "help you save money and ultimately become a profitable retail forex trader". The general idea is to make small wins and no losses as opposed to large wins and large losses.
Secondly it is important to be able to predict trends and minimize risk. There are various forex trading software options which will help you devise your strategy with the minimum amount of risk- this will help you develop your own forex killer system.
Finally you need to know when to act upon a trend with precise timing so that you can further maximize profit and minimize risk.
Conclusion
The recent Australian stock market crash is bad news, however it further back the argument that forex trading is more profitable and stable than stock. Perhaps you should consider investing in foreign exchange sooner rather than later- who know when the next crash will be due.

Australian Forex Broker Mt4 - Make Extra Money Online While Asleep

Here's how to make money with forex trading that will get you excited within a few days when you start seeing money flowing into your account with ease. Lately I have been trying to find ways to make money online until I stumbled into the Forex trading market. The Forex market is similar to the stock market. The only difference is what is actually traded. While you trade stocks in the stock market, you trade the major world currencies in the Forex market. This is a very big market where you can make tons of money online while asleep if you know how to do it successfully. Unfortunately many people trade manually, which is not a very easy thing to do.
If you want to know how to make money with forex trading, it is wise you get as much information you can get about the Forex market which is the largest market in the world. Over a trillion dollars is traded daily. This provides an excellent opportunity for you to make extra money online while asleep. The sheer volume of this market alone provides the best opportunity for anyone to make money with forex trading.
You will need a computer, an internet access and some softwares to get started. You will also need to choose a reputable forex broker where you can open both a demo and live accounts before you can start trading. A demo account helps you to practice with virtual money until you are confident enough to trade with real hard-earned cash.
You will also be required to download and install the free MT4 software before you can start trading currency pairs. Australian Forex Broker Mt4
Once you are confident with your demo trading, you can now open a live account where you will be able to trade with real money. Ensure you keep your lot size small when you start real trading otherwise you may lose all your money.
At this stage, it is wise you consider buying an automated forex trading robot or software which is capable of automatically carrying out all your trades without having to do anything. The single reason why it is necessary to use a forex robot is because of falling prey to your emotions and greediness to make more money without knowing when to stop.
All you have to do is put on your computer and walk away, while the robot takes care of your forex trading. Best of all, it can trade without having any losing trades.
I have been using this amazing robot since last year and I can believe how easy it is to make money with forex trading. So far it has made me over $1500 profit! Just last week, I switched it on while I left home to watch the World Cup friendlies between USA and Australia and by the time I got back home it had made over $300 worth of profitable trades. I really hate my day job and I have been looking for a way to make money with forex trading while asleep and enjoy the best of times with my family.

Forex Tools For Website - A Tool Every Trader Needs to Have

Simply put, Forex day trading system is trading that is done during the day. So whatever currencies that are bought are also sold that same day. This is the most lucrative Forex trade since all transactions are done within the day. However, for non-brokers, traders commonly use Forex robots to be able to trade successfully. So what are the things you need in a Forex day trading system software?
• First is that the software should be easy to understand and use. Since with day trading, you should act fast, there is no time to wait for the software to process your command. The results should be immediate in order not to be left behind other traders as this may lead to losses.
• The entry and exit points should be clearly defined for the trader. A few seconds delay make a difference between big profits and massive loss.
• Stop loss or a do not trade advice mechanism is needed so that you do not just go and trade whenever there is a viable entry point. There are times when you need to hold back and wait for the bigger fish.
Now that you know what to look for, here are the things that you can expect in a good Forex day trading system software:
• You must have an account manager that can give you personal training sessions, either by phone or chatline. Forex day trading system is a very chaotic world because the deals are done quickly and there are many people playing that utilizes a high capital. Forex Tools For Website
• Next is that there should be a guide that will help you with understanding your Forex tools such as charts, terms and indicators. They can come in the form of websites or e-books. Make sure that you understand them since these are going to be your best friend when you finally get into the Forex day trading system.
• Video tutorials are next. This should teach you how to enter a certain trade, modify it and then be able to close the deal. You should be also taught how to calculate potential profit as well as use some software that contains your tools.
There are basically two types of Forex day trading system. These are the momentum trading and scalping. Momentum trade is concentrated on market trends and buys and sells currencies depending on these trends.
Scalping on the other hand buys and sells currencies in seconds. The transactions are done in bulk and most of these traders are large companies such as banks and other international corporations, as well as big time Forex traders.
Most Forex robots have difficulty in making a profit with this kind of trade because of the volatility of the market due to the big number of people doing the trade and the speed in which the deal is closed. This market is so chaotic that computing probability will put any program into overdrive. Also, it just seems the the returns are huge but so are the capital. So if you get into a bad deal, it is a really very bad deal. So make sure that you are well equipped with the right knowledge as well as reliable software to survive the Forex day trading system.

Real Time Forex Commentary - Forex Brotherhood Host

Jason Alan Jankovsky, forex guru and host of the latest, online forex tuition site, the Forex Brotherhood is a bit of an unknown when compared to the likes of Marcus Leary and Peter Bain. So who is he, what does he do and more importantly, what has Jason Alan Jankovsky done to warrant his post at the Forex Brotherhood?
The Forex Guru Started Here Jankovsky started his career in 1986 trading corn before joining a commodity broker in 1987. A self-taught trader he didn't start his career with a 'golden handshake', fresh out of university - he grafted his way learning as he grew, sometimes the hard way, but then who better a coach for forex tuition that someone who has been there, done that, lost a lot, made a lot and can pass on experience no lecture will ever teach you?
In the late 1990s Jason moved from commodities and futures trading into the foreign currency markets looking to leverage what has become the worlds largest market with over $3.2 trillion changing hands each and everyday. Forex trading is the worlds, fastest growing market. Highly liquid nature and the flexibility that trading 24 hours a day can offer makes this a highly lucrative and attractive market for everyone, institutions through to private investors. Real Time Forex Commentary
School of Hard Knocks A huge fan of applied education (you'd be a fool not to be) Jason Alan Jankovsky has the perfect course in my experience. It is a means of learning as you go. Forget pure theory where hours of technical analysis get you bored, surely you'd rather watch live set-ups and see understand why the markets moved how they did and think about how they might move later today?
As a trader, author and market commentator, Jason Alan Jankovsky is perfectly positioned to provide eye opening, daily commentary on the forex markets and through his Forex Brotherhood course able to provide direct Forex tuition through his twice daily updates and participation in the VIP forum.
How Jason Alan Jankovsky Helps Having listened on many an occasion to Jason's updates, this is a man motivated and he is a firm believer in shortening the learning curve. As a a regular guest speaker to private trading clubs (who have him visit again and again) this kind of daily insight into the mind of a real life forex guru and opportunity to see what makes a trader tick is invaluable. The best thing about him is that he 'shoots straight from the hip' with a no non-sense approach, if something's wrong, he'll tell you! When you've got thousands riding on your trades, would you rather someone told it 'how it is' or gave you a sugar coated answer?

How To Be A Forex Market Maker - A Look at Forex Market Makers

The investor in the currency market takes for granted that a pair of currencies can be bought or sold at a moment's notice. Once an order is placed with a broker, the trade is executed within seconds. It is, of course, not as easy as that.
Whenever a pair of currencies is bought or sold, there must be someone at the other end of the transaction. It is very unlikely that the investor will always find someone who is interested in buying and selling the same two currencies at the same amount, and at the same time. Hence, the question remains, "How is it possible that the forex investor can buy or sell at any time?" This is where the forex market makers come in.
The forex market maker is a bank or brokerage company that stands ready, every second of the trading day with a firm bid and ask price. This is good for the investor because when the investor chooses to buy and sell a pair of currencies, the market maker will purchase from and sell to the investor, even if they do not have a buyer and seller lined up. In doing so, they are literally "making a market" for the currencies. How To Be A Forex Market Maker
Forex market makers ensure that the market is always functional and that the currencies in it will always fetch the market rate. Forex market makers do so by updating their prices at intervals of at least 30 seconds and undertaking to trade if this is requested. Forex market makers must fulfill their obligations irrespective of whether the economic situation is favorable or unfavorable, or whether they lose or profit by doing so.
Typical forex market makers include Gain Capital, CMS Forex, Forex Capital Markets (FXCM), and Global Forex Trading, all of which are regulated by the Commodity Futures Trading Commission (CFTC) of the USA. Another prominent forex market maker is Saxo Bank, which is regulated by the Financial Services Authority (FSA) of Denmark.
Until recently, central banks, commercial banks and investment banks dominated the forex market. Due to the entry of forex market makers, other market players like international money brokers, large multinational companies, registered dealers, global money managers, and private speculators have entered the market in large numbers.

Start A Forex Business - FOREX as a Home Business

Many people are looking for something legitimate to get into when it comes to starting a home based business. The FOREX market
just may be the perfect opportunity when it comes to working at home. FOREX is the process of simutamously buying one currency and selling another.
I'll be the first to say that 99% of home based businesses are scams. After losing nearly $10,000 in work at home opportunities, I was looking for a way to make a decent amount of money though a legitment business. I've heard of FOREX trading before, but wasn't really quite sure just exactly what it was and how it worked.
In January of 2005, I decided to run a search on FOREX in Google and began reading articles and forums on the subject matter. It seemed that FOREX was the perfect home based business to start. I opened a demo account with $500 and started trading. Within my first 25 trades, I won 23 and lost only 2. I thought to myself I was ready to start trading on a real account.
Little did I know that there was a huge difference in trading on a demo account as opposed to trading real money. My entire psychology changed and I could not implement the same trading strategies that were previously winning on a consistent basis. Needless to say I blew out my first live FOREX account of $600. I decided to fund my account again with $400 this time trading under strict guidelines and much more discipline. Over the next month I managed to gain back my initial loss of $600 and gain a small amount of profit. Start A Forex Business
When starting out in FOREX, you will have the opportunity to choose between many different brokers. My suggestion is to choose a reputable broker that is well known. Most brokers offer a 3 pip spread on all the majors, some will offer a spread as little as 1 or 2 pips.
If you are not familiar with FOREX, another thing you might want to look into is a managed FOREX account. There are many FOREX signals providers that will send you entry and exit points, however only a selected few of them actually work.
It's now been a little more than a year since I started with FOREX as a home based business and I have compiled over $40,000 in profits. Attaining these results did take a lot of work and research on my part. The FOREX market can be extremely volatile. Do take caution and be sure to do your homework before trading with a live account. Start A Forex Business

Best Forex System Trading - Get the Best Forex System Trading

If you're looking for the best forex system trading programs out there then you have you some work ahead of you. If you do a search for "forex trading system" on any search engine, you'll find dozens of different websites offering you surefire, guaranteed methods to make thousands of dollars in a hurry. Most of them are just scams that will only lose you money in the long run. Before you set off in search of the best forex system trading methods, you need to remember that nothing that's going to make you rich is going to come easy. Keep your head on straight and always think about the long-term instead of "get rich quick" schemes, and you'll be much better off.
Now, there are many different types of trading strategies out there. Just about all of them claim to be the best forex system trading methods around. You must be careful of the hype because most of them aren't as good as they sound. Think about the way most of the schemes are portrayed: some guy finds a winning trading strategy on the forex market, and wants to share it with the world. Wouldn't that just make it harder for them to be successful on the market if everyone knows their tricks? Why, then, would they share them with you for some low fee? Best Forex System Trading

The truth is that a lot of these programs are the pet projects of people who failed to really make big money on the forex market. It doesn't matter how many customer testimonials, fancy video presentations and whatever else they have there - take what you're seeing with a grain of salt. Especially if they are offering some sort of "guidebook" or "starter kit" that basically just tells you information that you could've found out by a few hours of research with a search engine. If you want to be successful in forex trading, you should go for the real deal.
If you want to make sure you're getting the best deal and the best forex system trading information out there, then spend the time to do a little research. Don't just take what the website says as gospel. Try and find out if the person behind the course is a legitimate success in the forex trading world. If you want to avoid this sort of problem all together, there are courses in forex trading offered by some established and respected institutions that will give you a real foundation in how to trade successfully.
The best forex system trading programs will offer you the full package. They'll show you how to operate the best trading software, how to read the trends in the market, and most importantly how to maintain your cool and composure in the face of losing money in a trade. Without those fundamentals skills, you'll find yourself falling into the red very quickly. So, before you purchase any sort of forex trading system, make sure that you know exactly what you're getting into. Best Forex System Trading

Best Forex Broker Spreads - Selecting the Best Online Forex Broker For Your Trading

When deciding on a Forex Broker you need to think about the way in which you will be using your Forex account. These days many traders, especially beginners, will use automated systems to enhance their trading returns. Therefore it is important that you select a Forex Broker who is sympathetic to their use.
The difficulty when trying to employ an automated trading system is in finding a Forex Broker that will accept their use. Many brokers will have an official or non official policy on the use of automated Forex trading systems on their platforms.
This policy is likely to be stricter the more successful the robot becomes. Increased success brings increased use, which in turn eats into broker profits. To combat this Forex Brokers employ various tactics to make it difficult to trade automated Forex systems.
While some will reportedly close a trader's account if they suspect a robot is being used, others use more underhand tactics to disrupt their use. A common tactic is to raise the spread during quieter market sessions when automated robots are more likely to trade. While this doesn't actually prevent the robot from being used it can make it difficult for them to find trade entry points. This is particularly true of the many robots that are reliant on a low spread as part of their strategy.
And of course by raising the spread on trades taken, a bigger commission is earned by the Forex broker, leaving less profit for the trader. Best Forex Broker Spreads
Some Forex Robots will try to prevent the Broker from detecting that they are being used by offering a form of key protection. This will need changing frequently and is not an ideal solution. Ok so the broker may not be able to detect that a robot is placing the trades but this will do nothing to overcome the issue of increased spreads which effect the time of day rather than the actual mechanism of trade execution.
When selecting a Forex Broker to run your automated system on it is important to take account of the tactics employed. For this reason it is best to look for a broker who accepts the use of automated Expert Advisors and the strategy it employs. Selected Brokers will allow the use of EA's, hedging and scalping strategies on their platform without penalty.
However this is only half the solution. There is no point in settling for a broker who accepts the use of automated systems and then puts up the spreads at the time of day that they are most likely to be used.
The second part to selecting a Forex broker is therefore to make sure that you keep an eye on the spreads. A low spread is good but make sure it remains that way at the times when your system is looking to trade. Be wary of the broker increasing the spread at times of low liquidity. In some instances, dependant on the strategy employed, it can be advantageous to look for a broker offering guaranteed fixed spreads. In this way you have a known constant to your trading. Best Forex Broker Spreads