Stock Trader’s Almanac 2011 (Almanac Investor Series)

January 18, 2014 by  
Filed under Forex Trading Strategies

Stock Trader's Almanac 2011 (Almanac Investor Series)

A time-tested guide to stock trading

Published every year since 1968, the Stock Trader’s Almanac is a practical investment tool with a wealth of information organized in calendar format. Everyone from well-known money managers to savvy traders and investors relies upon this annual resource for its in-depth analyses and insights. The Stock Trader’s Almanac 2011 contains essential historical price information on the stock market, provides monthly and daily reminders, and highlights seasonal trading opportunities and dangers.

  • Alerts you to little-known market patterns and tendencies to help forecast market trends with accuracy and confidence
  • An indispensable annual resource, trusted for over 40 years by traders and investors
  • The data in the Almanac is some of the cleanest in the business

For its wealth of information and the authority of its sources, the Stock Trader’s Almanac stands alone as the guide to intelligent investing.

Price: $39.95

Click here to buy from Amazon

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3 Common Mistakes Made By Forex Traders

November 30, 2013 by  
Filed under Forex Trading System

It is widely known that about 95% of new forex traders will lose money and quit in the first 2 years, by eliminating these 3 basic mistakes you will be one step closer to success.

1. Trading Around News Events – Before considering a trade always look at the news events calendar and do not trade within 1/2 an hour of a major news event. You can look at the Forex Factory online news calendar, the major events are denoted with orange or red icons. Around these events the volatility greatly increases and the market tends to whipsaw, your position can be quickly stopped out. This is an important habit, if you’ve been trading for any length of time without checking for news you’ve likely been stopped out unnecessarily due to news events.

2. Overly Tight Stop Losses – A very common mistake that amateur traders make is using overly tight stops. Each currency pair needs some “room to breathe”. If your stops are too tight, you are at a great disadvantage. Always consider that you have to pay a spread to your broker. Let’s say that you are trading the Euro/Japan cross and your broker has a 4 pip spread. If you set a 20 pip stoploss and 20 pip take profit, due to the spread you effectively need 24 pips in your favor for a profit and you will be stopped out if the trade goes 16 pips against you. The Euro/Japan pair tends to have a greater volatility compared to most pairs. Unless you are very close to a major support/resistance area, this will not be enough breathing room.

3. Inconsistent Trade Strategy – To gain successfully with trading, you need to have a consistent strategy. There are many traders who will find a strategy that has a winning edge but end up losing because they are inconsistent. Imagine a trading system that has a history of winning 70% of trades, this means that over 100 trades you should win about 70. As long as the risk to reward ratio is even or in your favor this will be profitable. However, if after losing 5 trades in a row (which can happen) you decide to change part of the system you are no longer trading consistently. This is why it’s a good idea to trade on a demo or micro account for a couple months until you build up your confidence in the system. It’s easier to stay emotionally balanced and just take the losses when they don’t hurt your wallet.

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Commodity Trader’s Almanac 2011: For Active Traders of Futures, Forex, Stocks & ETFs (Almanac Investor Series)

February 7, 2013 by  
Filed under Forex Trading Strategies

Commodity Trader's Almanac 2011: For Active Traders of Futures, Forex, Stocks & ETFs (Almanac Investor Series)An indispensable resource for today’s commodity and currency trader

The 2011 Edition of the Commodity Trader’s Almanac, is an essential tool for professional traders, and can help you understand the complex and exciting world of commodities and foreign currencies.

Created in a similar fashion to the Stock Trader’s Almanac-which has been trusted for over 40 years by traders and investors-the Commodity Trader’s Almanac is a comprehensive guide featuring monthly strategies, patterns, trends, and trading techniques geared towards active investors of the major commodities and currencies, as well as ETFs, futures, and options.

  • Helps you understand how commodity pricing works and offers great insight into investing in them
  • Alerts you to little-known market patterns and tendencies to help forecast commodity market trends with accuracy and confidence
  • Contains market highlights that cover key supply, demand, and seasonal tendencies on markets including crude oil, ethanol, and precious metals; critical agricultural products such as corn, wheat, and cattle; and foreign currencies

Intended for active traders and investors interested in making the most out of today’s commodity, ETF, futures, options, and currencies resources, this guide will help you make more informed decisions as you look for greater profits in this arena.

Price: $39.95

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Forex Guide: Things That Every Beginner Traders Should Know Before They Start Trading in Forex

February 3, 2013 by  
Filed under Forex Trading Strategies

It’s a fact that forex trading became a highly preferable investment method in the last decade. Combined with the internet as a global 24/7 network forex is reachable to everyone. I’ll not give you about the basic explanation of forex trading in this article. I’m sure that i don’t have to tell what forex trading is. People which familiar or have an interest in an investment know forex already. Don’t they?

Forex trading is basically just an investment

As any other investment, there are always benefits and risks beyond forex trading. Many people/organization, especially forex brokers, its affiliate and those who earn their income by providing some forex related services says that forex trading have so much advantages compared to other investments; Forex is easy, with its non-stop 24 hours market, its wide range adjustable leverage, its automated trading platform, its offered better opportunity for income resource, and many more — you name it as much as you want to…

Blinded by its ‘beautiful dream imagination’, many small/personal traders, especially for the new ones forgot that forex trading is basically still an investment program. Traders should never have a thought that forex trading is an income resource.

Common Beginner Traders Scenario

Beginner forex traders are usually follow the trend of forex trading without preparing and providing them self with an adequate understanding about what’s inside forex trading. Their common scenarios are:

1. Know about forex trading

2. Have an interest in forex trading

3. Looking for an easy and profitable forex services

(Usually by looking for some services with less margin, high leverage, automated trading platform, and less risk? – which is too good to be true)

4. Start gambling with their trades

5. Unable to achieve profits as what their imagination

6. Repeating scenarios 3, 4 and 5

7. Repeating scenarios 3, 4 and 5 again… and again…

8. Realizing that they are loosing too much or that their imagination along these days/weeks/months is wrong (i doubt that it would reach years)

9. Give up and quit their trading for good.

Where did they do wrong in above scenario? Is that wrong to always searching for a better service to back up our trade? In my point of view, there are no mistakes in that scenario at all. But it’s just incomplete, and that’s the most dangerous mistakes made by most beginner traders.

How to Overcome Traders Mistakes and Begin to Make Some Profits in Forex

The facts are, there are just 5% of forex traders which successes with their trading. To become as they are, we should insert step 2.5 in scenario above. This step will simplify above scenarios by eliminating the fourth and eighth and changing ninth step became TRADERS GOAL ACHIEVED.

2.5 Preparing yourself with a solid basic knowledge of forex trading

– Know about the fundamental of forex trading

– Learn about what and how forex market really is

– Train yourself to getting familiar with the technical analysis in forex trading

– Learn how psychological factor affecting in the trading and define our best trading personality

– Be aware in our risk and money management

– Develop your most effective unique trading system based on your knowledge.

We should keep in mind deeply that forex trading is an investment. There is no way that we could be a master in some investment that we’ve just dive in to for days or weeks. We have to do it by the right way, and don’t forget to eliminate your rush in the goal achievement. You will surely find your best trading system that suits you, I guarantee that. But it would cost you some time for several trial and error system testing while you developing your experience in forex trading.

By using an analogical approach as a computer, forex broker is the application programs and operating system. We do need them to make sure that all we need its done, served and executed properly. But, how good the computerization execution speed and its performance are depends on the basic computer specification, which analogically as you.

How to Get Yourself Completely Forex Prepared

Learning and education materials are world widely spreading around us.

1. The first and the most value added a resource of forex trading is through book reading. Forex and investing categorized books are availabe in countless numbers in many bookstore and online bookstore. You should pick some of them to educate yourself with valuable knowledge of the theory beyond forex trading.

2. Try to get into some traders forum to know more about forex trading and the markets. Forex forum also a place to give you an information for forecasting the crowd psychological factor to forecast the currency price movement by examining on how do other traders react in some financial forex related world events.

3. Get a forex course. An expert forex traders or forex broker are offering this kind of forex educational method. The course are usually about the basic knowledge of forex, technical analysis technique usage and its tools, an expert trading advice or maybe in how to develop a particular tested forex trading system which profitable (if done right and backed by your forex basic knowledge).

4. Forex magazine subscription. Some forex magazines are published weekly, monthly and others might be yearly. These materials usually give you information about the updated forex market behavior overview and analysis which can be use for the input of the fundamental analysis of your forex trading..

Best Forex Trading Platform For Beginners – Best Online Forex Broker For Beginners and New Traders

March 2, 2010 by  
Filed under Online Forex Trading

Online Forex
by Tradingrichmom

Article by Forex Expert







Best Forex Trading Platform For Beginners

One of the biggest decisions any Forex trader has to make is which Forex broker he o she is going to use. After all, your broker has to be supportive, provide an easy to use interface, and make your trading as simple and fast as possible.

The problem is that most online Forex brokers have trading platforms which are more suitable for experienced traders than for new ones. Some of these platforms can make the entry into Forex trading downright frightening and can even make it harder for you to make money at first. If you’re a new trader, you have to make sure your trading platform is super-easy to use and simple to understand.

I think that eToro is the best online Forex broker for beginners for the following reasons: Best Forex Trading Platform For Beginners

1. Etoro’s graphical interface allows you to choose from a variety of trading platforms some of which are displayed as a game would so that it makes trading fun, especially when you’re starting out. Of course, this doesn’t mean that eToro doesn’t provide detailed charting software as well as technical indicators and analysis tools.

2. Etoro allows you to open an account with a very small initial deposit. Anywhere between — 0. This makes it much easier to begin trading since you don’t have to to put up to much money.

3. Etoro have a very supportive staff which help their traders with any questions. This is excellent for new and inexperienced traders.

4. The eToro platform is one of the most friendly and easy to use interfaces I have come across.

5. This is a stable platform and a highly respected broker.

6. You can trade in multiple languages so you shouldn’t have any problems trading.

Overall, I think this is the best Forex broker for beginners and a great one for veterans as well. Best Forex Trading Platform For Beginners



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