Five Forex Trading Tips You MUST KnowBy [http://ezinearticles.com/?expert=Tony_Chan]Tony Chan
Jumping into Forex trading with both feet? Here are five must-know tips on forex trading and mini forex to help you stay afloat in the Foreign Exchange currency market.
Know your forex trading market.
Educate yourself about the currencies that you trade. The more you know about the country whose currency you’re trading in the forex market, the more accurately you’ll be able to predict which way the money will move.
Pick a forex trading system – and stick with it.
Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading.
Practice makes perfect – but it’s not the real world.
Practice forex trading accounts are great for learning how a particular trading account works – but they’re not the real world. Many experienced traders recommend starting off with a mini forex account to minimize your losses while you get acclimated.
Keep your eye on the margin.
Margin trading is a great way to lose a lot of money quickly. Stay away from forex margin trading until you’re sure you know what you’re doing.
The only win that counts in forex trading is the bottom line.In forex trading, the bottom line is how much money you made at the end of the day. Don’t count won or lost trades – only dollars and cents.
Tony owns the http://www.live-forex-easy.com/ website. Please visit the site for more information about Swiss Forex Broker Marketiva.
Swiss Forex Broker Marketiva
Article Source: http://EzineArticles.com/?expert=Tony_Chan http://EzineArticles.com/?Five-Forex-Trading-Tips-You-MUST-Know&id=174673
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Tuesday, 3 February 2009
Have You Tried Financial Spread Betting yet?
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By [http://ezinearticles.com/?expert=Abi_Ola]Abi Ola
What is spread betting?
Simply put, financial spread betting is a tax free alternative to conventional trading!
Spread betting is a very easy concept to understand. Indeed, if you already trade anything at all then you should have no trouble understanding the idea of spread betting.
Don’t get confused. For those of you out there who already trade derivatives, well, spread betting is just another derivative product. You don’t actually buy the underlying stocks, you just speculate (bet) on where you think the prices will be at a point in the future. When you look at spread betting in this way, it becomes obvious that is basically the same as your regular trading in any other derivative instrument. When you close your position, your spread betting profit or loss is calculated as the difference between the opening price and closing price of the bet, multiplied your stake.
What are the attractive features of spread betting?
• Spread betting is a derivative
As I explained above, spread betting is just another derivative instrument. Like the typical derivative, spread betting gives you exposure to the movements of the underlying stocks, bonds, currency or commodity, without the need to actually own the financial security being traded.
• Spread betting is a margin instrument
Typically, when you place a spread bet, you are only required to deposit about 10 percent of the total value of the trade.
This means that you get a bigger bang for your buck. Of course, you should be mindful that you can also lose more than your initial deposit if margin acts against you when a trade goes wrong. Whatever you do, always trade with discipline and never forget to use a stop loss.
• Spread betting is capital gains TAX FREE!
Your ability to benefit from this particular feature of spreadbetting depends on the current legislation in your country. For those in the UK for instance, spread betting is classified as a ‘bet’ and as such, is free from capital gains tax. So, you keep every profit you make.
For this last feature alone, I think spread betting is simply AWESOME!
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(Feel free to use this article online and in your email newsletters as long as you leave it intact and do not alter it in anyway. The byline and biography must remain in the article.)
Copyright 2007, [http://www.spread-betting-skills.com]spread-betting-skills.com
The author is the editor of spread-betting-skills.com a UK-based specialist investor education website focusing on financial spread betting. The site is dedicated to discussing spread betting strategies and risk-controlled trading systems focusing on helping traders hone their spread betting skills. Also includes news, views, reviews articles and information relating to financial spread betting.
Article Source: http://EzineArticles.com/?expert=Abi_Ola http://EzineArticles.com/?Have-You-Tried-Financial-Spread-Betting-Yet?&id=483885
Click Here!
By [http://ezinearticles.com/?expert=Abi_Ola]Abi Ola
What is spread betting?
Simply put, financial spread betting is a tax free alternative to conventional trading!
Spread betting is a very easy concept to understand. Indeed, if you already trade anything at all then you should have no trouble understanding the idea of spread betting.
Don’t get confused. For those of you out there who already trade derivatives, well, spread betting is just another derivative product. You don’t actually buy the underlying stocks, you just speculate (bet) on where you think the prices will be at a point in the future. When you look at spread betting in this way, it becomes obvious that is basically the same as your regular trading in any other derivative instrument. When you close your position, your spread betting profit or loss is calculated as the difference between the opening price and closing price of the bet, multiplied your stake.
What are the attractive features of spread betting?
• Spread betting is a derivative
As I explained above, spread betting is just another derivative instrument. Like the typical derivative, spread betting gives you exposure to the movements of the underlying stocks, bonds, currency or commodity, without the need to actually own the financial security being traded.
• Spread betting is a margin instrument
Typically, when you place a spread bet, you are only required to deposit about 10 percent of the total value of the trade.
This means that you get a bigger bang for your buck. Of course, you should be mindful that you can also lose more than your initial deposit if margin acts against you when a trade goes wrong. Whatever you do, always trade with discipline and never forget to use a stop loss.
• Spread betting is capital gains TAX FREE!
Your ability to benefit from this particular feature of spreadbetting depends on the current legislation in your country. For those in the UK for instance, spread betting is classified as a ‘bet’ and as such, is free from capital gains tax. So, you keep every profit you make.
For this last feature alone, I think spread betting is simply AWESOME!
- - - - - - - - - - - - -
(Feel free to use this article online and in your email newsletters as long as you leave it intact and do not alter it in anyway. The byline and biography must remain in the article.)
Copyright 2007, [http://www.spread-betting-skills.com]spread-betting-skills.com
The author is the editor of spread-betting-skills.com a UK-based specialist investor education website focusing on financial spread betting. The site is dedicated to discussing spread betting strategies and risk-controlled trading systems focusing on helping traders hone their spread betting skills. Also includes news, views, reviews articles and information relating to financial spread betting.
Article Source: http://EzineArticles.com/?expert=Abi_Ola http://EzineArticles.com/?Have-You-Tried-Financial-Spread-Betting-Yet?&id=483885
Forex Trading - An Introduction
Forex Trading - An IntroductionBy [http://ezinearticles.com/?expert=Divyansh_Sharma]Divyansh Sharma
Forex Trading as commonly called stands for Foreign Exchange Trading. It is biggest financial trading market in the world having a daily turnover in excess of US$1 Trillion. The figure signifies a volume amounting to about 28 times the combined volume of all US equity trading markets.
Forex Trading means buying of one foreign currency by paying in another. Each transaction involves a purchase and a sale of currency at the same time, since currency trading is always done in pairs for example USD/EUR or USD/GBP etc.
Foreign Currency trading or Forex Trading is undertaken for two purposes. About 5-7% of the transactions are undertaken by institutions that do business in foreign lands or companies that have to convert their foreign currency earnings into domestic currency. The rest of the Forex Trading is done purely on speculative basis with profit objectives.
For trading by speculation purposes, the best profit making opportunity lies in most traded currencies (obviously the currencies of most economically advanced countries) also called the "majors" in Forex Trading parlance. They consist of US Dollar, GB Pounds, Japanese Yen, European Unions EURO, Swiss Franc, Canadian Dollar, Australian Dollar etc.
The Forex Trading market is a 24 hour market, beginning at Sydney sunrise and opening markets westward as the sun rises, Tokyo, London, New York in that order. This facilitates investors around the globe to respond immediately to value fluctuations of their holdings caused by political, economic or social events occurring around the world, be it day or night.
The Forex Trading market does not operate through any offices or exchanges as in case of other financial markets. It is considered OTC (over the counter) or ‘interbank’ market since the trade is conducted between parties over the telephonic or electronic network only. Forex Trading is the biggest financial volume business but happens behind the curtains with complete transparency
Divyansh sharma is a successful foreign exchange trader. you can learn more about his techniques at http://www.forexbulls.com
Article Source: http://EzineArticles.com/?expert=Divyansh_Sharma http://EzineArticles.com/?Forex-Trading---An-Introduction&id=108947
Forex Trading as commonly called stands for Foreign Exchange Trading. It is biggest financial trading market in the world having a daily turnover in excess of US$1 Trillion. The figure signifies a volume amounting to about 28 times the combined volume of all US equity trading markets.
Forex Trading means buying of one foreign currency by paying in another. Each transaction involves a purchase and a sale of currency at the same time, since currency trading is always done in pairs for example USD/EUR or USD/GBP etc.
Foreign Currency trading or Forex Trading is undertaken for two purposes. About 5-7% of the transactions are undertaken by institutions that do business in foreign lands or companies that have to convert their foreign currency earnings into domestic currency. The rest of the Forex Trading is done purely on speculative basis with profit objectives.
For trading by speculation purposes, the best profit making opportunity lies in most traded currencies (obviously the currencies of most economically advanced countries) also called the "majors" in Forex Trading parlance. They consist of US Dollar, GB Pounds, Japanese Yen, European Unions EURO, Swiss Franc, Canadian Dollar, Australian Dollar etc.
The Forex Trading market is a 24 hour market, beginning at Sydney sunrise and opening markets westward as the sun rises, Tokyo, London, New York in that order. This facilitates investors around the globe to respond immediately to value fluctuations of their holdings caused by political, economic or social events occurring around the world, be it day or night.
The Forex Trading market does not operate through any offices or exchanges as in case of other financial markets. It is considered OTC (over the counter) or ‘interbank’ market since the trade is conducted between parties over the telephonic or electronic network only. Forex Trading is the biggest financial volume business but happens behind the curtains with complete transparency
Divyansh sharma is a successful foreign exchange trader. you can learn more about his techniques at http://www.forexbulls.com
Article Source: http://EzineArticles.com/?expert=Divyansh_Sharma http://EzineArticles.com/?Forex-Trading---An-Introduction&id=108947
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