Forex Trading

Some Good Links

2006-03-06T23:15:00.000-08:00

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VoIP and Internet Phone Center

Bringing you the latest information and reviews on VoIP and Internet Phone technologies.

Avoiding Forex-Related Frauds and Scams

2006-03-04T18:11:00.000-08:00

A lot of people have been ‘burnt' from scam operations on the Internet. Their sites may look so perfectly legitimate that you doubt whether they would have gone through all that trouble building a trading platform just to steal your money. Beware.

The first thing I look for is the geographical location of the broker. If I find that they are based in a country where the financial industry is, in my opinion, relatively unregulated and under-developed, I quickly forgo signing up. This is terrible news for honest brokers in those countries, but your job as a trader is to protect your capital. If you lose that, then you cannot trade. The onus is on them to convince you that they will do the right thing by you as an investor.

I started out with an Australian broker. Currently I am using an American one. I have not tried UK-based brokers but the British financial industry is one of the best. Companies that are based in countries such as Japan , Germany and France are probably just as good too, if their website speaks your language.

Notice any license numbers that they may have registered with regulatory bodies that act like government watchdogs who oversee the finance and investments industries. These are organisations that impose strict rules to safeguard your investment. Some of these rules may include the requirement that brokers segregate all customer funds from the operational funds of the business. Your money is required to be put in highly-reputable banks and the funds are only withdrawn from these accounts upon specific withdrawal requests.

Take note that there are some fake regulatory bodies being thrown around in cyber-space as well. Take a look at how long they have been operating for. Try and search out any reviews or comments made about them. See if you can find forums where traders have discussions about their brokers.

Below is a list of things to keep in mind to help you avoid being a victim of a scam:

• Stay Away From Opportunities That Sound Too Good To Be True

There are people who may have just acquired a large amount of money just and recently are the same and are shopping around for safe investment vehicles. These may include retirees who have access to their retirement funds. It is understandable why retirees would be drawn to ‘high-return, low-risk investments'. This is also what makes them very vulnerable. If you identify yourself to be one of these people, be careful. A lot of deceitful characters are after your money. Furthermore, only allocate a tiny amount of your money to trading until you can start growing it. Not all people can trade successfully, so it is a venture you should take on haphazardly. It is your life savings at risk.

• Avoid Individuals Or Organizations Who Claim To Predict Or Guarantee Large Profits

Any form of trading is hard. Trading currencies is no different. Be wary of statements that make it sound easy. Statements like:

a) “Whether the market moves up or down, in the currency market you will make a profit”; b) “Make $1000 per week, every week”; c) “We are out-performing 90% of domestic investments”; d) “You'll make returns of 70% a year”; e) “Here is a no-risk strategy”.

If they could make such returns, why would they even bother letting you know about it.

• Be Wary Of Companies Who Downplay Investment Risks

Hold your wallet tight and zip up your purse when companies say that written risk disclosure agreements are routine formalities imposed by the government. Watch out for statements like:

a) “With a $10,000 deposit, the maximum you can lose is $200 to $250 per day”; b) “ We promise to recover any losses you have ”.

• Be Wary Of Companies That Claim To Trade In The ‘Interbank Market'

Do not believe it when some people say that they have access to the ‘Interbank market' or that they can give you access to trade in that market because that's where bargain prices can be obtained. This is not true. The ‘interbank market' is not a place, it is not a physical building. It is simply a loose network of currency transactions that are negotiated between big financial institutions and other large companies.

• Ethnic Minorities Are Often Targeted

Ethnic newspapers and television ‘infomercials' are sometimes used to attract Russian, Chinese and Indian minorities. Sometimes these ads offer so-called ‘job opportunities for account executives to trade foreign currencies', whereby the recruited ‘account executive' is expected to use his own money to trade currencies and would often times be encouraged to recruit members like their friends and family to do the same.

• Seek Out The Company's Background

Check any information you receive to be sure that the company is who they claim to be. If at all possible, try and get the background of the people operating the company. Do not rely solely on oral statements and promises made by the company's employees.

• If You Are In Doubt, It Is Not Worth Risking Your Money

If after trying to solicit information and at the end of it all, you are still in doubt about the credentials of a particular company, my suggestion is to start looking elsewhere.

You may find further information by contacting government ‘watchdogs' because they keep up to date with trends and reports regarding scams and other fraudulent activities. Please check the resource section of this site for the information of organizations that regulate the securities industry, sorted by country. There is also a list of brokers that you may want to look at.

-------------------------

This is an excerpt, modified from the book: The Part-Time Currency Trader.

About the Author
Marquez Comelab is a private forex trader, based in Melbourne, Australia. He is the author of the book: The Part-Time Currency Trader - A Trading Guide For Working Men & Women. Marquez Comelab may be contacted at http://www.marquezcomelab.com. Click here to view more articles by Marquez Comelab.

Home Based Business, Ideas and Resources

2006-03-04T02:25:00.000-08:00

Do you want to own a home based business? Our website is designed to help you find a reputable home based business opportunity. We review each home business to ensure that we only provide you with a home business opportunity that will make you money

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Starting Off In Forex Trading

2006-02-28T02:43:00.000-08:00

Forex Trading is nowadays one of the most looked after occupation for many persons of all ages around the world. This is due to its great advantages over other capital markets and its high profitability potential; among these advantages you will find that is extremely easy to access a trading platform from the best forex broker firms thanks to the internet; and also you will notice that Forex has a high liquidity along with a high leverage.

But having a good broker firm and great trading platform is only one part of what you need in order to make your forex trading career a winning and profitable one. You need to have the right knowledge and techniques in order to forecast with the best accuracy what the market will do next. One of the techniques used to predict the Forex market behavior is that based on Bollinger Bands.

These Bollinger Bands are what is called a technical trading tool and they are widely used in the capital markets (including Forex) and were created by John Bollinger in the early 1980s. These bands technique was formulated based on the need for adaptive trading bands and the discovery that the volatility of the markets was a dynamic phenomena, not a static one as was widely believed at the time.

Bollinger Bands consist of a chart of three curves drawn in relation to currency pairs prices. The band situated in the middle is a measure of the intermediate-term trend and is usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper, lower and the middle bands is determined by the volatility of the market, typically the standard deviation of the same data that were used for the moving average. The default parameter is 20 periods and two standard deviations above and below the middle band; of course this may be adjusted to suit your needs.

In short, the purpose of Bollinger Bands is to provide a relative definition of high and low price. By definition prices are considered high when touching the upper band and low when they touch the lower band. This relative definition can be used by the Forex trader to compare price actions and as a very useful indicator when the purpose of the trader is to arrive at rigorous buy and sell decisions.

Forex Trading

Acquainting Yourself With Forex

2006-02-27T04:54:00.000-08:00

Forex - commonly referred to as the Foreign Exchange Market, is
responsible for the purchase and sale of currencies throughout
the world.  As such, it has established itself as the world’s
largest financial arena, generating in excess of a trillion
dollars each day in American dollars. Since the focus is on the
exchange of currencies, it’s understood that each transaction
involves two entities, e.g., trading U.S. dollars for Eurodollars
or U.S. dollars for pesos, etc.  While a large portion of these
trades include U.S. dollars, those that don’t are referred to as
“cross currencies.”

Due to the time differences around the world, Forex is in
operation "round the clock".  Each day, trading begins in Sydney
and spreads throughout the world as a new business day dawns in
each country.  From Australia to Japan, and on to England and
America, Forex never sleeps, but continues its never-ending
journey around the globe to bring economic stability to its
inhabitants.  The benefit of this scenario is that traders can
operate in a real-time setting.

Since only about 5% of the daily monies are generated through
purchases and sales by various governments and corporations, the
bulk of the trading is for speculation and/or profit.  From the
perspective of speculation, the best trading comes about as a
result of “The Majors” - the most actively traded currencies,
such as the U.S. dollar, Euro Dollar, British Pound, Japanese
Yen, Swiss Franc, Australian Dollar and the Canadian Dollar. All
but approximately 15% of the transactions each day involve one or
more of these currencies.

The telephone network and World Wide Web are critical tools in
the ongoing operation of Forex, since trades are conducted
through these two avenues.  A major internet crash, for instance,
could have a devastating impact on the economy, since the
operations within the Forex forum could be rendered
incapacitated.  Unlike the Stock Market, Forex is not conducted
within a physical arena, but through telephone and internet
trading.  As a result, this is considered to be an “over the
counter” market - and an extremely affluent one, at that.

Learning and comprehending the quoting system within Forex may be
a challenge to some, but it only requires a basic understanding
of how things work - and in what order.  For instance, when
currencies are listed, the first one is considered the base
currency, and that currency - whichever one it happens to be - is
always considered to be “1”.  In this way, you’ll be able to
monitor the rise and fall of that currency’s value as the trading
progresses.

Writer's Resource Box:

Jaimein Shun is an avid  Forex trader and webmaster
of ForexEye, a complete resource directory at your
fingertips on everything from charts and options to
trading platforms. To view his article archive, visit:
http://www.forexeye.com/newsletters

Online Forex Trading is Quickly Becoming a Booming Business

2006-02-27T04:23:00.000-08:00

Online Forex trading is more popular now that most everyone has access to a computer and internet. Unlike the stock exchange, the Forex does not have a particular place for trading to take place. While trading takes place all over the world, online Forex trading makes this process more convenient than ever.

Transactions in the Forex are traded very rapidly. The Forex is open around the clock on every business day of the year. Trading begins every morning in Sydney, Australia and as the business day in each country begins, the Forex online trading opens around the world. Online Forex trading allows banks, financial institutions, brokers and speculators to trade their currency rapidly and with ease. Online Forex trading is also a popular way to change foreign currency because it happens in real time with no delay.

Because online Forex trading makes exchanging foreign currency so easy and accessible to millions of people, many are trying to learn the ins and outs of the Forex. Brokers and financial institutions can offer advice on investing in the Forex. Brokers will also do the actual trading for the consumer. However, many are willing to learn to trade on the Forex on their own. When learning about online Forex trading it is imperative to understand everything there is to know about the Forex. Many online websites can offer potential traders tutorials and demos on how to get started in online Forex trading. Practicing on the demos helps speculators learn the basics of online Forex trading.
Also, another tip to learning online Forex trading is to study the news, including international news and news relating to politics, economics and finances. Inflation, changes in government and taxes just to name a few all affect the Forex on a daily basis. It is cruci

Online Forex Trading is Quickly Becoming a Booming Business

2006-02-27T04:22:00.000-08:00

Online Forex Trading is Quickly Becoming a Booming Business

2006-02-27T04:21:00.000-08:00

"http://www.find-a-home-based-business-opportunity.com/" target="_blank">Home Based Business, Ideas and Resources

Do you want to own a home based business? Our website is designed to help you find a reputable home based business opportunity. We review each home business to ensure that we only provide you with a home business opportunity that will make you money

Some Interesting Sites

2006-02-26T16:22:00.000-08:00

This section will list some other sites of interest in Trading Online.

FOREX Trading Course, FOREX Education Empowers Forex Trading

Forex Trading Course, become a successful FOREX trader. A proper FOREX education is your way to profitable foreign currency trading.

The Stock Market - Introduction

2006-02-23T21:48:00.000-08:00

Here is a quick introduction into the stock market and online trading. This should give you enough information to get your foot in the door and start trading like a professional.

The stock market is a market used for trading company stocks. Some are sold publicly on the stock exchange, while others are sold privately. The term stock market is used to describe the device that allows people to trade stocks as well as to explain the sum of all stocks within a country.

It is different from the stock exchange, which is referring to different corporations in the business world that brings buyers and seller together.

People who participate in the stock market can be anything from small private stock investors, to large fund traders, both of who’s orders for exchange end up with a professional in the business.

A long time ago, a lot of the people involved in trading were individuals, but over time this has become rare and most traders are larger business and corporations such as insurance companies or banks. There are now stocks in most if not all developed and developing countries, including Japan, the USA, Canada, Europe, India and China.

There are different types of trading including short selling and margin buying. Short selling is when the trading borrows stocks and then sells them and hopes for the prices to fall.

Later they buy back the stock, making money if the price fell and losing if the price rose. This strategy is sometimes used by traders who are trying to lower the price of a stock and is often prohibited or restricted.

Margin buying is when a person borrows money with an interest rate and invests it in stocks and hopes for the stocks to rise. This is more common, and in most countries there are restrictions placed on the maximum percentage of the stock the traders will own.

Trading Online

Len

A good review for YOU

2006-02-23T21:02:00.000-08:00

There are a lot of people on the internet wondering what the e-currency exchange business is, and better yet asking whether or not they can make money in e-currency trading. The answer to their question is yes, and here’s how it all works.

If you are like everyone else, you may have been struggling to make a decent income online now and it seems as though nothing is working. Some have spent countless wasted hours and tens of thousands of dollars on worthless programs that promise the world. I can attest to this, because I was one of these people.

E-currency is simply digital currency and it can be used to purchase products over the internet. Many people fund their e-currency accounts via credit card or bank wire. People will then use their e-currency accounts to purchase products and services online. The most common type of e-currency people are familiar with is Paypal, however there are many others such as E-gold, Netpay, and E-bullion. In the offline world, people constantly move money from one bank to another for various reasons, and the same thing takes place in the online world. People are constantly moving money from one e-currency to another.

As an e-currency trader, you act as a middle man processing these transactions. Since there is always money being moved from one e-currency to another there is always an opportunity to make money.

Many people want to know how much money they can make in the e-currency exchange program. The possibilities are limitless. However, when getting started in e-currency trading, you will have to overcome the learning curve and this varies from person to person. There are plenty of training courses available on the subject matter, and choosing the right one is crucial. Many courses offer phone support, live chat support, e-mail support as well as video tutorials that will walk you through every step of the way.

After having been involved in the e-currency exchange program for a little over a year now I have personally made $81,000. I can say that the e-currency exchange program is an easy way to start a profitable investment as well as build a money making machine. Just remember to follow the golden rule and never invest more than you can afford to lose. The only difficult part that comes with e-currency trading is the terminology and ones ability to navigate through the system.

Trading Online

Tim Rohrer is an established writer and e-currency trader. Learn how Tim Rohrer turned a $400 investment into $7,000

You Better Learn This First

2006-02-20T21:20:00.000-08:00

Forex Trading

Unless you want to lose your shirt,you should carefully study and fully understand how the Forex market works before you consider trading. Firstly learn which of the different currencies are most actively traded, it is pointless buying a currency that rarely changes hands.

Forex Trading

Trading Information

2006-02-19T20:00:00.000-08:00

Forex Trading

Gather and discuss trading Forex professionally and exchange ideas about strategy, the psychology of trading, and possibly turning Forex into a home-based business. Practice your futures trading strategy or forex trading strategy by utilizing this real-time simulated trading demo. Try forex trading with a strategy.

Forex Trading

Make more money with Forex

2006-02-19T16:59:00.000-08:00

Forex Trading

Realtime Forex's currency trading service also includes free forex charts, market news, daily market comments and analysis. The website is a weblog with daily news and commentary about FOREX and currency trading. He headed the global forex options desk at Credit Suisse before serving as vice-chairman of currency trading and risk-management software firm FNX. Top online currency trading platforms, trading tools, forex signal trading, books, training, fx options and forecast. Man's broad network of global banking relationships facilitates the transaction of a broad range of currency pairs for their forex trading clients. Abc-of-forex.com gives you all the basic information you need to get started in currency trading. Foreign currency (forex or FX) trading is highly lucrative and risky; fortunes can be made and lost very quickly. Online currency trading is the future of the forex trading. The forex directory is like a bible for foreign currency trading. Online currency trading in the forex market can be a very lucrative business if done right. Outside of the formal education field, you can learn about forex and currency trading from traders, salespeople, and analysts. These smaller accounts have made currency trading available to everyone, increasing the need to be educated on forex and currency trading.

Forex Trading

Make Money With Forex Trading

2006-02-19T14:42:00.000-08:00

Forex Trading.

Make sure to test this Forex trading system on demo account before using it in real trading. Now everyone has an opportunity to learn a professional Forex trading system at absolutely no cost. Learn how to trade on Forex market with free forex trading system. The company took a decision to unleash the secret of what is a real professional Forex trading system. So to learn the rules of the professional Forex trading system at no cost you need to visit WebTradingSystem.com web site.

Forex Trading

Forex Trading

2006-02-19T14:21:00.000-08:00

Welcome to my Forex Trading blog. Here you will learn how to make loads of cash using tips and secrets on how to trade with Forex Trading. Forex Trading can make you a lot of money in a very short time.

Forex Trading

Trading Online