Hi all,

I have being doing quite well in my trading. Learned a lot. Important thing I learned is having a very low leverage if you are still a beginner. I lost a few dollars to margin call due to high leverage. I feel that slow and steady wins the race and this applies to forex also. You are safer with smaller lots if you are still learning. Have 3-4 different small lots of different currency pairs. This way you are on a safer side..

Most important is to have a trading strategy and even more important is following your strategy.

I will write in detail very soon.

Good luck in trading.

Forex Trend System

The Forex Trend System is a manual indicator that identifies changes in trend and allows you to capture the major market moves. It has been designed for MetaTrader 4, a freely available trading platform which you can download for free using the link we provide you with.

How It Works

The system is made up of three trigger lines which tell you when to buy and when to sell. Simplicity itself - one colour to buy and one colour to sell. It will alert you to the beginning of a trend, and will also signal when the trend is coming to an end.

It has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. Past results are not necessarily indicative of future results.

Features & Benefits

• Easy Setup - No complicated manuals or confusing strategies to learn
• Easy to Learn - Buy on blue, sell on red!
• Customisable - Adjust the system for longer or shorter trades
• Versatile - Works with any currency pair
• Flexible - Choose from aggressive & safe-trading options
• Convenient - Receive audible and email alerts of potential trade setups

Hai friends,

I am doing fine with my forex trading and I am trading live now with Oanda. I found a very useful site that has really helped me a lot. I wanted to share this site with you.

Here's the link :
http://ultimaforex.com/

You can also benefit from this site and it has helped me a lot. They provide free indicators for MetaTrader Platform. They also have their trading systems which we can use free of charge..
Really worth checking..

Have a profitable trade..

Good luck..

Hi friends,

I wanted to update you with my forex learning. I was clueless when I started forex trading. But, now I can recognize trend, read charts and make small profits. I want to thank all the internet resources like articles, blogs, sites, forums and most important one is ebooks. I got plenty of useful ebooks which helped me learn and improve my trade.

Thank you all my friends.

Happy profitable trading...

FOREX - HELPFUL TIPS


Foreign Exchange also called as Forex simply means the buying of one currency and selling another at the same time. We buy low and sell high inorder to make profit. The currency is traded in pairs, for example, USD/CAD.

The first one is the base currency and the second one is the quote currency. In this case when we buy, it means we are buying USD and selling CAD at the same time.

Think of currency pair as Goods/Money. When the value of goods is low, we buy paying a low price expecting that the price will go up and then we can sell.

In Forex, we can make money when the market goes up and also when the market is moving down. This is possible only in forex. When the price is moving up, we buy expecting it to move further and vise versa.

In normal trades, we buy first and sell later. In forex, it is possible to sell first when the price is high and buy later when it goes down.

In forex terms, buying first means we are entering LONG position and selling first means we are entering a SHORT position.

LONG = BUY AT LOW PRICE
SELL AT HIGH PRICE
(In LONG position, we wait for the price to rise)


SHORT = SELL AT HIGH PRICE
BUY AT LOW PRICE
(In SHORT position, we wait for the price to fall)

The purpose of any trade should be to make profit. So one has to learn how to trade profitably. One should know to read the chart, how the trend moves etc. There are many indicators that helps us to learn the trading. For example, MACD, PAR SAR, FIB RETRACEMENT, MOVING AVERAGES, AROON OSC, AND MANY MORE. Different people use different trading system. Some prefer to learn the candle stick chart, some prefer to stick with moving averages. Moving averages are most commonly used. Once you master the art of trading, you can make good money and make a living.

Even if you are not a good trader then you can take advantage of signal services for which we have to pay. There are many companies that offer trading signal. One of them is Pipqueeen. They guarantee you profit. There are many othes too in this market. Whatever your choice is, the main thing is that you make profitable trades.

All the best for a profitable trade.

Economic Indicators 101

Those trading in the foreign-exchange market (forex) rely on the same two basic forms of analysis that are used in the stock market: fundamental analysis and technical analysis. The uses of technical analysis in forex are much the same: price is assumed to reflect all news, and the charts are the objects of analysis. But unlike companies, countries have no balance sheets, so how can fundamental analysis be conducted on a currency?

Since fundamental analysis is about looking at the intrinsic value of an investment, its application in forex entails looking at the economic conditions that affect the valuation of a nation's currency. Here we look at some of the major fundamental factors that play a role in the movement of a currency.

Economic Indicators
Economic indicators are reports released by the government or a private organization that detail a country's economic performance. Economic reports are the means by which a country's economic health is directly measured, but do remember that a great deal of factors and policies will affect a nation's economic performance.

These reports are released at scheduled times, providing the market with an indication of whether a nation's economy has improved or declined. The effects of these reports are comparable to how earnings reports, SEC filings and other releases may affect securities. In forex, as in the stock market, any deviation from the norm can cause large price and volume movements.

You may recognize some of these economic reports, such as the unemployment numbers, which are well publicized. Others, like housing stats, receive little coverage. However, each indicator serves a particular purpose, and can be useful. Here we outline four major reports, some of which are comparable to particular fundamental indicators used by equity investors:

The Gross Domestic Product (GDP)
The GDP is considered the broadest measure of a country's economy, and it represents the total market value of all goods and services produced in a country during a given year. Since the GDP figure itself is often considered a lagging indicator, most traders focus on the two reports that are issued in the months before the final GDP figures: the advance report and the preliminary report. Significant revisions between these reports can cause considerable volatility. The GDP is somewhat analogous to the gross profit margin of a publicly traded company in that they are both measures of internal growth.

Retail Sales
The retail-sales report measures the total receipts of all retail stores in a given country. This measurement is derived from a diverse sample of retail stores throughout a nation. The report is particularly useful because it is a timely indicator of broad consumer spending patterns that is adjusted for seasonal variables. It can be used to predict the performance of more important lagging indicators, and to assess the immediate direction of an economy. Revisions to advanced reports of retail sales can cause significant volatility. The retail sales report can be compared to the sales activity of a publicly traded company.

Industrial Production
This report shows the change in the production of factories, mines and utilities within a nation. It also reports their 'capacity utilizations', the degree to which the capacity of each of these factories is being used. It is ideal for a nation to see an increase of production while being at its maximum or near maximum capacity utilization.

Traders using this indicator are usually concerned with utility production, which can be extremely volatile since the utilities industry, and in turn the trading of and demand for energy, is heavily affected by changes in weather. Significant revisions between reports can be caused by weather changes, which in turn, can cause volatility in the nation's currency.

Consumer Price Index (CPI)
The CPI is a measure of the change in the prices of consumer goods across over 200 different categories. This report, when compared to a nation's exports, can be used to see if a country is making or losing money on its products and services. Be careful, however, to monitor the exports - it is a focus that is popular with many traders because the prices of exports often change relative to a currency's strength or weakness.
Some of the other major indicators include the purchasing managers index (PMI), producer price index (PPI), durable goods report, employment cost index (ECI), and housing starts. And don't forget the many privately issued reports, the most famous of which is the Michigan Consumer Confidence Survey. All of these provide a valuable resource to traders, if used properly.

So, How Are These Used?
Since economic indicators gauge a country's economic state, changes in the conditions reported will therefore directly affect the price and volume of a country's currency. It is important to keep in mind, however, that the indicators discussed above are not the only things that affect a currency's price. There are third-party reports, technical factors, and many other things that also can drastically affect a currency's valuation. Here are a few useful tips that may help you when conducting fundamental analysis in the foreign exchange market:

The Gross Domestic Product (GDP)
The GDP is considered the broadest measure of a country's economy, and it represents the total market value of all goods and services produced in a country during a given year. Since the GDP figure itself is often considered a lagging indicator, most traders focus on the two reports that are issued in the months before the final GDP figures: the advance report and the preliminary report. Significant revisions between these reports can cause considerable volatility. The GDP is somewhat analogous to the gross profit margin of a publicly traded company in that they are both measures of internal growth.

Retail Sales
The retail-sales report measures the total receipts of all retail stores in a given country. This measurement is derived from a diverse sample of retail stores throughout a nation. The report is particularly useful because it is a timely indicator of broad consumer spending patterns that is adjusted for seasonal variables. It can be used to predict the performance of more important lagging indicators, and to assess the immediate direction of an economy. Revisions to advanced reports of retail sales can cause significant volatility. The retail sales report can be compared to the sales activity of a publicly traded company.

Industrial Production
This report shows the change in the production of factories, mines and utilities within a nation. It also reports their 'capacity utilizations', the degree to which the capacity of each of these factories is being used. It is ideal for a nation to see an increase of production while being at its maximum or near maximum capacity utilization.

Traders using this indicator are usually concerned with utility production, which can be extremely volatile since the utilities industry, and in turn the trading of and demand for energy, is heavily affected by changes in weather. Significant revisions between reports can be caused by weather changes, which in turn, can cause volatility in the nation's currency.

Consumer Price Index (CPI)
The CPI is a measure of the change in the prices of consumer goods across over 200 different categories. This report, when compared to a nation's exports, can be used to see if a country is making or losing money on its products and services. Be careful, however, to monitor the exports - it is a focus that is popular with many traders because the prices of exports often change relative to a currency's strength or weakness.
Some of the other major indicators include the purchasing managers index (PMI), producer price index (PPI), durable goods report, employment cost index (ECI), and housing starts. And don't forget the many privately issued reports, the most famous of which is the Michigan Consumer Confidence Survey. All of these provide a valuable resource to traders, if used properly.

So, How Are These Used?
Since economic indicators gauge a country's economic state, changes in the conditions reported will therefore directly affect the price and volume of a country's currency. It is important to keep in mind, however, that the indicators discussed above are not the only things that affect a currency's price. There are third-party reports, technical factors, and many other things that also can drastically affect a currency's valuation. Here are a few useful tips that may help you when conducting fundamental analysis in the foreign exchange market:

Keep an economic calendar on hand that lists the indicators and when they are due to be released. Also, keep an eye on the future; often markets will move in anticipation of a certain indicator or report due to be released at a later time.
Be informed about the economic indicators that are capturing most of the market's attention at any given time. Such indicators are catalysts for the largest price and volume movements. For example, when the U.S. dollar is weak, inflation is often one of the most watched indicators.
Know the market expectations for the data, and then pay attention to whether or not the expectations are met. That is far more important than the data itself. Occasionally, there is a drastic difference between the expectations and actual results and, if there is, be aware of the possible justifications for this difference.
Don't react too quickly to the news. Oftentimes, numbers are released and then revised, and things can change quickly. Pay attention to these revisions, as they may be a useful tool for seeing the trends and reacting more accurately to future reports.

Conclusion
There are many economic indicators, and even more private reports that can be used to evaluate the fundamentals of forex. It's important to take the time to not only look at the numbers, but also understand what they mean and how they affect a nation's economy. When properly used, these indicators can be an invaluable resource for any currency trader.
Keep an economic calendar on hand that lists the indicators and when they are due to be released. Also, keep an eye on the future; often markets will move in anticipation of a certain indicator or report due to be released at a later time.
Be informed about the economic indicators that are capturing most of the market's attention at any given time. Such indicators are catalysts for the largest price and volume movements. For example, when the U.S. dollar is weak, inflation is often one of the most watched indicators.
Know the market expectations for the data, and then pay attention to whether or not the expectations are met. That is far more important than the data itself. Occasionally, there is a drastic difference between the expectations and actual results and, if there is, be aware of the possible justifications for this difference.
Don't react too quickly to the news. Oftentimes, numbers are released and then revised, and things can change quickly. Pay attention to these revisions, as they may be a useful tool for seeing the trends and reacting more accurately to future reports.

Making Money with Forex

Foreign exchange occurs when you buy and sell currencies at the same time. This simultaneous transaction occurs in the foreign exchange market that is made up by foreign banks and other institutions or participants that take place in the buying and selling of currencies. There is no exchange in foreign exchange so it is considered OTC or over the counter transactions. Transactions can occur quickly or be rolled over. The spot market is used for settlement of trades within two business days and rollover occurs when open transactions are “rolled over” to the next value date.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.

Start FOREX Trading with Marketiva

Marketiva was founded at the beginning of 2005 by a group of financial professionals and computer scientists. Our team has over 30 years of combined experience in financial markets. Marketiva is one of the most popular over-the-counter market makers in the world.

Novativa Streamster™ is a client application you need to download and install on your computer in order to subscribe to and use services provided by Marketiva. When you download and install the application on your local computer, you will be able to access Streamster Server at Marketiva that accepts connections from the client application.

Register free with Marketiva, and you can start trading with as little as $1. They give you $5 real money as signup bonus to help start trading. Also, we receive $10,000 virtual money to practive trading.

You can find lot of helpful information in the Resources section. First read and understand how forex works. Practice trading with the virtual money.

When you start the client application on your local computer, you will be asked to type-in your username, password and the server address where you want to connect to. You then need to type-in your username and password that you received through the registration process on Marketiva.com Web Site. For the server address, please type-in the server address specified above. After a few seconds your client application will connect to the Streamster Server at Marketiva and you will be able to subscribe to and use the services provided by Marketiva.

Few things I would like to share with you that I have acquired in teh process of learning how to trade FOREX with Marketiva

• Marketiva provides over-the-counter market making services in Forex and Funds; $5 cash reward, so you can start trading right away without depositing your own funds; trading on 1% margin; zero-interest on open positions, no market commissions; virtual and live desks within one account; industry standard variable spreads; latest news, alerts on market events, chat channels, 24-hour support, sophisticated and easy-to-use direct-trading charting tool, and the best online trading experience.

• The easiest way to start trading is to click on a market instrument in a price window. When [Send Order] dialog shows up, you can set [Quantity] field to 1 or more (depending on the amount of money you have on currently active trading desk). When you click button, the order will go into the market. You can find a collection of introductory articles and various other resources to help you understand trading basics at http://www.marketiva.com/index.ncre?page=resources page

• The margin requirement on margin trading desks is 1%, which means that if you want to trade with quantity 300, you will need to have at least $3 in your account. When you open a position with quantity of 300, we will lock $3 until you close that position. We temporarily lock the margin ($3) as a security if there are huge movements in the market.

• Here is an example that will help you understand margin requirements: if you have $15 on your trading desk and you open position with quantity of 1000, used margin will be $10 and you will have $5 left as the available margin. If your loss on the position reaches $5, the position will be closed by a margin call.

• Long (buy then sell) position and short (sell then buy) position are: a long position is simply one in which a trader buys a market instrument at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a market instrument in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market. For more details, please check http://www.marketiva.com/index.ncre?page=re-orders-and-positions page.

• If the position is long, close mean sell, Long (buy then sell) position and short (sell then buy) position are: a long position is simply one in which a trader buys a market instrument at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a market instrument in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market. For more details, please check http://www.marketiva.com/index.ncre?page=re-orders-and-positions page

• As a general rule, a position is kept open until one of the following occurs: 1) realization of sufficient profits from a position; 2) the specified stop-loss is triggered; 3) another position that has a better potential appears and you need these funds.

• Here is an example that will help you understand margin requirements: if you have $15 on your trading desk and you open position with quantity of 1000, used margin will be $10 and you will have $5 left as the available margin. If your loss on the position reaches $5, the position will be closed by a margin call.

• No matter if a customer uses the $5 reward or makes additional deposits to create profits, he / she will be able to withdraw all funds at any time.

So, after joining just practice with the virtual money $10,000 for few weeks. It helps you to understand how the trade works and introduce you to new terms which can be understood with the help of live support.

So, within a few weeks time, you should have managed to understand all the terms used in trading and understand the real trade.

You can then start trading with your real money that you received as signup bonus $5. Start with $1 and make yourself confident to do more and more trades.

I hope I have provided you all the necessary details to get you started. i will post new tips on trade that I will learn in my process of learning to trade with profit.

All the best.