August 2018 – Forex POC

Are Trading Programs Essential in Forex Trading

Posted on August 26, 2018 by blogger

There are many people who enter into forex trading with the hopes of enriching themselves but leave the markets even poorer. Forex trading is usually considered as sophisticated business but it can be very easy if you have the necessary knowledge. The reason as to why most people fail is because they enter the markets without any knowledge and thus end up making great mistakes that usually lead to huge losses.

Forex for beginners is easy since there are training programs offered in the internet for free. You can learn the basics of the market at the comfort of your hose or office. However, it is advisable that you search through the internet websites thoroughly before signing for any online trade training program. You should ensure that you settle for a site that offers the trading education through video sessions and forums that allow for discussions. Efficient trade training program should enable you exercise trading practices probably through a demo account.

By using virtual money, the training program would prepare you for the real market. The training program is effective since it will provide you with the necessary skills that you require to withstand tough market conditions. Forex trading does not only involve buying and selling of currencies; to succeed, the trader should have various tactics so as to avoid pitfalls that usually lead to losses. In most cases, trade training programs are offered for free and you are only required to invest your time on them. If you decide to enter forex trading without any knowledge, you may end up loosing huge amounts of money that would take years to recover.

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Forex Education For Beginners

Posted on August 20, 2018 by blogger

If you want to succeed as an fx trading professional, then you should start by sitting down and learning all there is to learn about foreign exchange trade. The forex market can seem very simple, but just like any business, it has its caprices and principles. You can find yourself running great losses without the proper education. Before investing your money in forex business, you should understand that it takes courage and knowledge to succeed. You would need to be insightful and possess a high analytic turn of mind. These are qualities that we aren’t born with. You should start by enrolling in a forex course to get the proper forex education.

There are many foreign exchange trading courses online. Before enrolling on any course, it is important to get an overview of the course. A good introductory course should be able to teach you the basic concepts of forex like its definition and how it works. You should be introduced to concepts like currency pairs, analyzing and understanding fundamentals and how they move pairs. Other concepts you will learn will include money management, trends in forex trading, charting, technical analysis, multiple time frames, capital and trade flows and the psychology behind trading.

You will be able to learn a lot about how to protect your investments in the fx trading and how to reduce risks while developing an effective marketing strategy. There are many online courses you can enroll in. It is important to review as many online courses as you can before deciding to enroll in one. There are many articles you would like to read in the course of your forex education. If you want to go beyond the level of an amateur trader to an insightful professional in the trade, then there are books you have to read. One of such books is “Mastering the Trade” by John Carter. He is a specialist who does not only expound on the secrets of forex trading but does so in so simple a way that makes complex concepts look very simple and easy to understand. You can get this book in Amazon or in local bookstores.

Forex education and training go beyond the level of completing a course. You would love to choose a broker and associate with an experienced Forex trader. This will help you learn slowly while building your business. As a beginner it is advisable not to hurry. You do not need to make millions in a day. The real businessmen observe and understand a market by stepping slowly into it its realm, absorbing its principles and secrets slowly.

How To Find Forex Trading Signals Based On Central Bank Announcements

Posted on August 15, 2018 by blogger

One of the most popular forex trading strategies that is used by major traders today is based on fundamental analysis, where the trader looks for trading signals based on announcements by central banks such as the Federal Reserve. If a central bank makes a key policy decision such as changing the interest rate, this can have a big impact on the value of a currency in the foreign exchange market and can therefore provide the trader with a reliable trading signal.

The central bank that traders pay the most attention to is the Federal Reserve, since the US dollar is the most widely used currency in the world. All of the major currency pairs offered by forex brokers today which have the lowest spreads all have a US dollar component, and so any fundamental announcement by the Federal Reserve can present the trader with multiple trading opportunities across major currency pairs. .

One popular way to find trading signals based on central bank announcements is based on the interest rate and whether the central bank decides to add or subtract basis points from the current interest rate. Since many of the biggest foreign exchange participants are banks and institutions, they will often deal with each other using a trade known as the carry trade which is based on the interest rate differential between two different currencies.

The value of the interest rate of different currencies compared with the US dollar will determine how major banks and institutions value the carry trade that takes advantage of the interest rate differential, and this will help the trader to determine whether they should be long or short the dollar after an announcement from the Federal Reserve. As a rule, it is a bullish signal for the dollar when the interest rate is increased, meaning that the forex trader should sell the EUR/USD and GBP/USD currency pairs based on that signal.

Another important central bank announcement is a policy change announcement, and today there is a major focus on the Federal Reserve’s policy of quantitative easing in the markets. If a central bank makes an announcement that marks a clear change of course in terms of their fiscal policies, this can cause a major move in the markets that forex traders can take advantage of to earn several hundreds pips. By understanding how central bank announcements can impact the foreign exchange market, you can use that data to find trading signals and improve your forex trading performance.

Algorithmic forex trading is one of the opportunites today that can allow retail traders working from home to have access to institutional level trading tools when trading the forex interbank market.

Forex Metatrader Broker – How To Get Monthly Cashback From Forex Trading

Posted on August 10, 2018 by blogger

Forex metatrader broker, in other words a broker that uses that metatrader platform for trading make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your forex metatrader broker is making from your trading?

Actually it is! Consider the following calculation example:

Assume that you open an account with FXCM which is one of the most reputable forex metatrader broker, which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.

Your monthly cashback during the first month would then be:

0.6 x 10 x 24 = USD 144

Your annual ROI would then be (144×12/2000) about 86% per year.

This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only.

It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!

FXCM is not the only of the forex metatrader broker that is connected to Cashback Forex. You can also claim a cashback from the following brokers: Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex

If you are a forex trader, sign up for this program today and start to take advantage of the cashback system and get some money back from the forex metatrader broker.

To learn more about this program and to sign up, please go to the link below.

Forex metatrader broker cashback program:

Forex Education Courses – Your Short Cut to Forex Trading Success!

Posted on August 5, 2018 by blogger

Most new traders either choose either a Forex robot or a Forex course to lead them to success and the if you wan to learn currency trading the best Forex education courses are more likely to lead you to success and this article explains why and what the best courses give you so you can become a successful currency trader. In Forex trading 95% of all traders lose money and its pretty obvious success doesn’t get given to you with no effort, like the Forex robot vendors claim – Spend a hundred dollars or so plug the system in and watch it make money for life! Making money however requires you learn the basics and while you have to make an effort if you have the guidance of a good Forex course you can learn quickly and risk free.

The best Forex courses, come with proven strategies and tools which you can apply for profit and the logic is fully explained, so you can have confidence in the system when you come to trade for real.

The best courses also have daily updates and classrooms, where you can see the system in live trading and see how profitable it is. You will also get free support should you have any questions or queries and you will get a risk free money back guarantee.

The vendors will give you your money back should you decide that Forex trading or the system is not right for you so you have everything to gain and nothing to lose by trying the best Forex education courses.

If you have a willingness to learn, you will find that there is no other venture which can give you as much profit potential for your effort as global Forex trading.

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