Tag: Forex Trading

The first step to becoming an online trader is to open an account with an online forex site. You will be informed of the charges at this point, make full payment to complete the account opening process. On the site, you will find the directions for making purchases and sales. In case you do not fully understand the instructions, make enquirer by clicking on the help button.

Get a good online broker. Look for reviews on brokers, select a few brokers and then compare them. Ensure that you get best suits you. If you get recommendations, don’t rush to select the broker. Ensure that this broker suits you in terms of leverage, spread, availability, cost and level of expertise.

Get a demo or practice account before making your first live trade. This will help hone your practical skills and get better understanding the forex trading.

Select your forex trading strategy and style. There are three trading styles, swing trading, long term trading and day trading. The first two are much better than the last one. Once you come up with a forex trading strategy, stick with it.

Study past trades and learn more about trends and learn to identify and understand them. Select your currency pairs and make sure you take time to understand them.

Be patient and disciplined in your trading. Many people try to make money fast and therefore end up making a lot of bad decisions.

You can improve your trading skills by continuously carrying out online researches and learning from professionals. There are so many sites that offer online courses for forex trading beginners.

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There are a lot of different ways and methods when trading in the Foreign Exchange or forex market. There is what is known as scalping, skimming and there is the use of forex Options.

The forex options are used in order to limit the risks the trader has to take while at the same time this increases the profit the trader can make in the Foreign Exchange market. Mainly, there are two ways to take advantage of this method; one of these is known as SPOT.

SPOT refers to Single Payment Optional Trading; this approach in taking advantage of the forex options is mainly dependent on the predictions of the trader. It could be either one of the two ways to predict movements in the market, technical analysis or historical analysis. Whichever the trader makes use of, it all boils down to his or her accuracy in reading and analyzing the market which would give the trader an idea where to put the money on.

The other approach to forex options is the traditional approach. The traditional approach gives the buyer a right, but not the obligation, to purchase a certain amount of currency within a given time period and at a pre-determined price, which would not change. This basically gives the buyer more flexibility and freedom when it comes to their trades. The trader can choose to make use of his or her trading option at opportune times or expire it; the best decision would depend upon the trader’s situation but the best part is, it’s your decision.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He’s recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit

Who knew that a modest illustration of an Italian mathematician from centuries ago would soon become a moving force in the vastest market of modern times? Leonardo Fibonacci, also known as Leonardo Pisano, experienced a stroke of genius as he tried out several number sequences and tried out (or used as examples, to be precise) what are now known as the Fibonacci numbers in Liber Abaci, his groundbreaking book. The book introduced the Arabic numerals and the Fibonacci numbers, long used by Indian mathematicians, to the Western world, earning Fibonacci a place in history. He is presently regarded as arguable the most talented of all the mathematicians from the Dark Ages.

The Fibonacci numbers, which Fibonacci simply introduced through a problem involving rabbits, play an important role in Forex trading, one of the most popular choices in investments these days. According to the system used by the said sequence, each number after the first two numbers it follows is, in fact, the sum of the preceding two numbers. This is why the Fibonacci number sequence begins this way: 1, 1, 2, 3, 5, 8, 13, 21, and so on. But what does this mean, or how does this apply in the Forex market?

It is no hidden secret that the Forex market is always on the move. It goes up and down according to changes in economics. Thus, engaging in Forex trading amounts to hard work as far as maintaining a profitable position is concerned. A Forex trader has to use all his or her faculties to spot alarm signals and make the necessary trend lines to protect his or her investments. The Fibonacci number sequence helps a Forex trader become more attuned to possible abrupt changes by anticipating the results of a particular movement cycle. Through the use and understanding of the Fibonacci numbers, a trader engaged in Forex trading can, at the same time, minimize his or her risks and maximize his or her profit yield.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit

In forex trading terminology, cross currency refers to a pair of currencies that do not include the U.S. dollar. It is commonplace in the forex market to exchange any foreign currency to U.S. dollars before trading. In cross currency, a trader does not need to go through that.

Cross currency is a technique that aims to completely bypass the need to convert currency to American dollars before converting it back to the desired foreign currency. One example is the GBP/JPY (British pound-Japanese yen) cross for England and Japan currencies. This is invented in order to convert money between the two currencies without needing to convert them into U.S. dollars.

With this, forex traders can make a wide range of trades in different currencies without relying on the fluctuation of the U.S. dollars. The four major currency pairs: GBP/USD (British pound-U.S. dollar), EUR-USD (euro-U.S. dollar), USD/CHF (U.S. dollar-Swiss franc), and USD/JPY (U.S. dollar-Japanese yen) are highly affected by the movements of the U.S. dollars. All of these are only profitable if the U.S. dollar is weak. In a way, forex trading is all about the U.S. dollars. This is because the dollar is the reserve currency of all central banks in the world. Trading the U.S. dollar leaves one with no other option other than waiting for the dollar to weaken.

Cross currency allows profitable currency trading regardless of the performance of the U.S. dollars. In a way, it serves as a gauge of the strength of other foreign currency over the U.S. dollar. With cross currency trading, you can make more bets other than pro or anti the greenback.

Ninety per cent of forex market players trade in the four major currency pairs that involve the U.S. dollar. Cross currency is perfect for traders who wanted to go against the flow and explore the opportunities in a variety of trades.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit .

The Forex trade market has a distinct special feature that allows you to earn enormous profits fast- leverage. However, you have to use Forex leverage wisely as it can also bring you big loses fast, and even wipe out your investment completely.

Here’s how Forex leverage works. You will have the power to trade your one (1) dollar capital to a position worth one hundred (100) dollars and generate profit from the one hundred (100) dollars, working on a ratio of 1:100. The leverage rates in Forex can go very high depending on the offer of the brokers. Do you now see the potential of earning huge profits just by leveraging?

But there’s a downside to this feature. The risk of incurring big loses is equal as that of earning your huge profits. What this means is that with the ability of Forex leverage to transform the trade one (1) hundred times bigger, you are also capable to lose your capital by as much. Again, based on a ratio of 1:100, if the trade goes against your favor, you can lose your entire capital even on a single trading with leverage.

It is crucial therefore to know how and when to use Forex leverage to your advantage. Leveraging is used by Forex brokers often to attract people to trade big so the brokers themselves can earn big, as they earn interest from the amount that they lend you as leverage.

Forex leverage is an easy tool to earn big profits from the trade as long as you learn how to use it judiciously. You should be able to balance the upside and downside of leveraging to earn optimum results with minimal risks.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit