Wednesday, October 14, 2009

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How to Open a Free Forex Practice Account

Practice for All Levels of Traders

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Beginning Traders
Get acquainted with following a market, and discover a whole new way to invest. Beginning traders will find our intuitive platform easy to use.

Futures, Commodities, and Stock Traders
For those that have traded other markets, a practice account can help one get acquainted with the particular characteristics of the Forex market.

Experienced Forex Traders
Refine your trading strategies with VT Trader™ 2.0, our advanced trading platform. Our newly enhanced interface and assortment of fundamental and technical tools including Chart Pattern Recognition and Trader’s Guardian add even greater levels of sophistication and convenience.

VT Trader™ 2.0 offers real-time, chart-based currency trading and is highly customizable with a multitude of ways to personally organize your workspace. With over 100+ Technical Indicators, Dow Jones News, and faster price feeds, VT Trader™ 2.0 delivers you a highly developed trading workstation.

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How to Open a Free Forex Practice Account

Practice for All Levels of Traders
Beginning Traders
Get acquainted with following a market, and discover a whole new way to invest. Beginning traders will find our intuitive platform easy to use.

Futures, Commodities, and Stock Traders
For those that have traded other markets, a practice account can help one get acquainted with the particular characteristics of the Forex market.

Experienced Forex Traders
Refine your trading strategies with VT Trader™ 2.0, our advanced trading platform. Our newly enhanced interface and assortment of fundamental and technical tools including Chart Pattern Recognition and Trader’s Guardian add even greater levels of sophistication and convenience.

VT Trader™ 2.0 offers real-time, chart-based currency trading and is highly customizable with a multitude of ways to personally organize your workspace. With over 100+ Technical Indicators, Dow Jones News, and faster price feeds, VT Trader™ 2.0 delivers you a highly developed trading workstation.

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Free forex demo account | Forex practice account

Open a FREE Practice Account Today to Access:


Provides Unlimited Live Buy/Sell Currency Prices


$50,000 in Practice Money to start trading


24-hour Online Forex Trading


Free Real-Time Currency Charts Plug in


Test and evaluate trading strategies with no risk


The free practice account is live for 30 days


24/7 Client Support

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Friday, July 17, 2009

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How to Trade Forex Easily and Profitably

When an individual would hear the word 'Forex' it is expected that the initial reaction is that it is a complicated and mind-bugling issue to take. Although this is true at some point, it does not actually work always that way especially if an individual is aware of all the prerequisites of the game. Now, to open each eye about easy Forex trading, this article was created. • It is easy Forex trading since you need not to overdo things. If you are just new on the Forex trading arena then you can begin with making a profit of only a 20 pips. Do not try to add up more, instead study the tactic that you will have to do the next day. • You need not to waste all your time; it could be spent on 15 minute chart as well as 1 hour chart only. • The 5 miniature chart is not there so you could waste yourself into. If you spend too much of your time here then it will only distract you in making a good trading decision. • Easy Forex trading also means not using the complicated MACD to buy and sell since it only arrive the individual to meaningless trades which anyone would see as a waste of time. • You can make use of trailing stops during times when you unstoppably keep on moving your Forex proceeds just to cover all your losses. Also keep in mind to practice first with the demo before actually dipping your toe on the real scene. • You can carry out everything that you can probably do in order to protect your cash through the use of 12-15 pips stop in Forex trading. As expected, you will primarily lose 3 out of 10 trades thus is sensible to hinder your losses to a certain percent and always practice proper money management.
When an individual would hear the word 'Forex' it is expected that the initial reaction is that it is a complicated and mind-bugling issue to take. Although this is true at some point, it does not actually work always that way especially if an individual is aware of all the prerequisites of the game. Now, to open each eye about easy Forex trading, this article was created.

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Forex | Forex Trading | Currency Trading

The majority of Forex Trading Systems that are used by beginner traders are focused towards short term trading strategies, which aim to take small risk and promise to pile up massive profits and regular income.So we will look at how to succeed.The major challenges that Forex day trader face are the following:There are millions and millions of individuals will all different views, skills, knowledge, who think very differently so what Forex Trading System can predict reliably what will happen in the next minute, next hour or next day?Lets be honest not one of them can reliably predict this.From experience this is simply the silliest way to be trading forex, with all of the differences and variables it is impossible to know what is going to happen in the coming minutes, hours, days, and here is why.Fact: All volatility in short term time frames is random and you cannot get the odds on your side, you can't win long term it is as simple as that!Most of the forex day trading strategies, systems that have ever been purchased have ever made any really gains, sometimes random luck will see people profit. Most of them show back tests of the past, this is easy to show positive as you already know the outcome and can adjust the test accordingly.Most of the systems are just incredibly brilliant sales pitches that work on peoples greed, and create a good story like Mary Poppins.All is not lost you can win Best Forex Broker, but it is not as simple as turning on computer and putting in a program, it does take some skill and knowledge. You need to get the odds stacked in your favor and one strategy to be able to do this is through swing trading or long term trend following. Remember trend is your friend, so if you follow your system it can mean big profits if you have a great forex system and have the knowledge to be able to do it.Do not make the mistake of day trading or forex scalping, get the right Forex education and trade long term and you can soon be enjoying currency trading success to get more Free Education feel free to visit the CFD FX REPORT they can provide you with valuable education lessons and help you find the Best Forex Broker in the Market.Happy Trading The majority of Forex Trading Systems that are used by beginner traders are focused towards short term trading strategies, which aim to take small risk and promise to pile up massive profits and regular income. So we will look at how to succeed.The major challenges that Forex day trader face are the following:There are millions and millions of individuals will all different views, skills, knowledge, who think very differently so what Forex Trading System can predict reliably what will happen in the next minute, next hour or next day?Lets be honest not one of them can reliably predict this.From experience this is simply the silliest way to be trading forex, with all of the differences and variables it is impossible to know what is going to happen in the coming minutes, hours, days, and here is why.Fact: All volatility in short term time frames is random and you cannot get the odds on your side, you can't win long term it is as simple as that!Most of the forex day trading strategies, systems that have ever been purchased have ever made any really gains, sometimes random luck will see people profit. Most of them show back tests of the past, this is easy to show positive as you already know the outcome and can adjust the test accordingly.Most of the systems are just incredibly brilliant sales pitches that work on peoples greed, and create a good story like Mary Poppins.All is not lost you can win Best Forex Broker, but it is not as simple as turning on computer and putting in a program, it does take some skill and knowledge. You need to get the odds stacked in your favor and one strategy to be able to do this is through swing trading or long term trend following. Remember trend is your friend, so if you follow your system it can mean big profits if you have a great forex system and have the knowledge to be able to do it.Do not make the mistake of day trading or forex scalping, get the right Forex education and trade long term and you can soon be enjoying currency trading success to get more Free Education feel free to visit the CFD FX REPORT they can provide you with valuable education lessons and help you find the Best Forex Broker in the Market.Happy Trading

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Forex | currency trading | forex trading | forex broker

Forex trading (foreign exchange) become the latest trading activity for beginner traders. Some of them see this as an opportunity to earn a living by trading from home as a Forex Home Trader. The foreign exchange market also known as the “Forex” is the trading between diff
erent currencies of different countries. This very liquid market only became available online for trading, to the individual private trader in last couple of years.

Every currency has it own three-letter symbol that will represent that country of the currency that is being traded. For example, the Japanese Jen is the JPY and the United Stated dollar is USD. So you will note that these currencies are always quoted as USD/JPN

These trades are facilitated through a Forex broker, with whom you will sign up, in order to get your own online trading account. It is strongly advised that you first sign up for a “Demo” trading account where you can trade currencies in a simulated environment – so none of your own funds will be used in “real time”. This type of account is excellent for developing your own trading strategy and for you to get the feel for the markets; it also prepares you for trading your own funds in a “Live” account. Warning! The degree of discomfort in trading in “Demo” mode varies greatly from “Live” trading as there is quite a difference between trading “cyber money” and trading your own funds “Real time”. Sign up for various “Demo” accounts at various brokers and test drive their online trading software or trading platforms – make sure that you start trading with the software you are most comfortable with, it is only in you own interest!

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Forex Market

The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies.The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of

* its trading volumes,
* the extreme liquidity of the market,
* its geographical dispersion,
* its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday),
* the variety of factors that affect exchange rates.
* the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
* the use of leverage

Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.

As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements,average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:

* $1.005 trillion in spot transactions
* $362 billion in outright forwards
* $1.714 trillion in foreign exchange swaps
* $129 billion estimated gaps in reporting