How Forex Works: Currency Trading Exposed

February 3, 2011 by · Leave a Comment
Filed under: Forex, Make Money, Reviews 

What is FOREX?

Currency Forex Trading, also known as FX Trading is an alternate way you can make money in a trading environment. Everyone has heard of the New York Stock Exchange (NYSE) or the Chicago Mercantile Exchange (CME), each featuring either stock trading or options and futures trading. Forex or FX Trading involves the buying and selling of currencies instead of stocks, bonds, options or futures.

FOREX stands for the FOReign EXchange market, which is the international financial market where currencies are traded. The foreign exchange market began in the 1970s and is now the largest financial market in the world, with an average daily turnover of US $1.9 trillion. That’s 30 times the amount of daily activity on all of the US stock exchanges combined.

FX trading is also very different, in that, there is no physical floor or exchange area like there is in New York or Chicago where the Currency Market is located. The Foreign Exchange Market(Forex) or FX Market can only be accessed by phone or by electronic network.

Forex Market Hours

The advantage of not having a central location, but instead having an electronic network, is that Currency Forex Trading can operate 24 hours a day. In fact, the Currency Exchange is open for trading all day and night during work days, roughly 5 days a week.

Forex Market hours begin at 7:00 pm each Sunday, New York time, currency forex online trading begins as markets open in Tokyo, Japan. Next, Singapore and Hong Kong currency markets open for FX trading at 9:00 pm EST, followed by the European markets in Frankfurt (2:00 am), and then the currency trading begins in London at 3:00 am. By 4:00 am, all European currency forex trading markets are in full swing, and Asia has concluded their currency trading day. Then the U.S. markets open first in New York around 8:00 am Monday, just as Forex market hours in Europe wind down. Australia will take over with the start of their currency trading around 5:00 pm, and by 7:00 pm Tokyo is ready to re-open. All of the Forex market hours above were quoted in Eastern Standard Time (New York). And so you can see that the trade of World Currencies takes place round the clock basically from Sunday evening until late Friday night.

FX Trading: Buying and Selling Currencies

Since the FX Trading Market is the largest financial market in the world, it is also the most liquid. This means it is easy to get in and out of a position whenever you want. The more liquid a market is, the easier it is to initiate and fulfill a transaction. Of course, the objective when currency trading in any market is to buy low and sell high. With Forex Trading available online, a person buys and sells the currencies of other nations from his or her computer. For instance, if one believes the U.S. Dollar will strengthen against the EURO they can buy Dollars now and sell them later at a profit.

Traders are able to take advantage of intra-day volatility thanks to the low spreads and enter positions for short time periods, such as minutes and hours. Unlike equity trading, where restrictions limit a trader’s ability to profit from a market down turn, there are no such constraints on currency trading. Currency traders can take advantage of both up and down trends thus increasing their profit potential.

FX Trading Market Symbols

The most commonly traded currencies are The US Dollar (USD), the EURO (EUR), the Japanese Yen (JPY), the Pound of Great Britain (GBP), the Swiss Franc (CHF), Canadian Dollar (CAD), and Australian Dollar(AUD).

All currencies are traded in currency pairs and each currency is represented by a 3 letter code. Therefore, a rate, which consists of a pair of currency codes, will end up being a 6 letter code. For instance, USD/GBP is considered a currency pair with each containing three letters for a total of 6 in a rate. The most commonly traded currency pair is EUR/USD.

All Forex trades result in the buying of one currency and the selling of another (currency trading), simultaneously.

Your objective when Trading Currency options is to make sure you can correctly identify the current trend in the currencies you are trading and to make sure you are buying a currency which is appreciating in value and selling a currency which is depreciating.

“Going Long” and “Going Short” in Forex Day Trading

Buying or “going long” the currency pair implies buying the first, base currency and selling an equivalent amount of the second, quote currency (to pay for the base currency). It is not necessary to own the quote currency prior to selling, as it is sold short.

You would buy a currency pair if you believe the base currency will go up relative to the quote currency, or equivalently that the corresponding exchange rate will go up.

Selling or “going short” the currency pair implies selling the first, base currency, and buying the second, quote currency.

You would sell a currency pair if you believe the base currency will go down relative to the quote currency, or equivalently, that the quote currency will go up relative to the base currency.

An open trade or position is one in which you have either bought or sold one currency pair and have not sold or bought back an adequate amount of that currency pair to effectively close the trade.

When you have an open trade or position, you stand to either profit or lose from fluctuations in the price of that currency pair.

Forex Currency Trading Software

Different than stock trading, you will trade using special software programs which allow you to participate in Online Forex Trading. These Forex Trading systems are often referred to as Forex Robots.

Most traders agree that Forex Trading Robots give you an advantage as it removes all “emotion” from the Forex trading platform. The robots rely on proven, tested and quite highly accurate Forex signals to govern their FX trading.

In addition, most of these Forex trading platforms allow you to test your Forex Strategies in a “practice mode” before you actually use your own money.

Currency Forex Online Trading

Forex trading is the backbone of all international capital transactions. Compared to the slim profit margins rendered in other areas of commercial banking, huge profits are generally produced in a matter of minutes from minor currency market movements. Some banks generate as much as 60% of their profits from trading aggressively.

Trading volume has been growing at a rate of 25% per year since the mid-1980s and therefore it makes it true that the currency market is one of the world fastest growing industries.

Technology is having a huge effect on the FX market and millions of Dollars are moved from one currency into another every second of every day by banks and financial institutions through computers and, for the savvy investor, with the touch of a computer key.

Currency Trading can be an exciting alternative to the stock, bond, option or commodities markets. To some, it is a simpler way to trade and profit. To others it is a welcome break from disappointing corporate news that can drive a stock down dramatically within a few short minutes, even in seconds.

Whatever your reason, Forex currency trading may be just the break you need from other investments you are tired of watching do nothing or, worse yet, continue to decline in value. After all, this is money! You like money, don’t you?


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How to Make Money Online for Beginners

December 31, 2000 by · Leave a Comment
Filed under: Make Money, Reviews 

If you are a fresh beginner looking for ways to make money online, you may feel a little overwhelmed by the information overload that is presented to you. Almost every corner you turn to, the so called guru’s are quick to promote their own specific technique to make tons of money online. Some of these gurus do charge a hefty fee to join into their program and it wont be long before you run high and dry if you were to sign up for most of these programs. The truth is to be successful there are a few basic skills you need to master to enable you to create your own success.

The first thing you need to do is to identify your own interests and skills. Do you have any specific skill you can sell for a fee? If you know any skills that people are looking to learn such as guitar playing, then you can setup a site teaching people how to play the guitar. If you love to cook and have access to a huge database of recipes, then you can start your own cooking site and teach others how to prepare dishes for a monthly fee.

Creating the website

You don’t have to spend a bomb trying to make the perfect website the first time you launch your own online business. A simple site with a nice design will do. After all, you don’t really know how successful the site will be so you should not risk too much on this new venture unless you are sure you can get your investment back.

A simple solution would be to build your first website using a Word Press platform. It is simple to build and very easy to manage. Anyone without any HTML skills can manage and create one of these blogs instantly. Most hosting providers do offer a self-installation Word Press platform where you get to install the blogs and the theme you desire with just a few clicks of the mouse. Customizing those themes is easy too. If you can’t do it yourself, just hire a freelancer to do it.

Once you have the site up and running, you would want to learn basic promotion skills such as social networking, bookmarks and submission of articles to article directories. This would require you to do some extra research but most of the information you need is free. Just scour the web and you can have all of the answers you need.

If you get the site to rank at the top spot on Google, you can be sure to drive massive traffic to your new site. Since traffic is the life of any website it is crucial to know how to do this properly. SEO tactics involve two basic things; onsite optimization and offsite optimization. Learn how to configure the appropriate tags.

Finally, once you have everything setup, learn how to deal with your visitor and ways to build a mailing list. Make it an attempt to capture as much leads as possible from your visitors so you would have a nice database to sell your products and services to.

Learning to make money online and become successful is not rocket science. You just need to have a driving passion and the willingness to learn all you can about the way internet marketing works. It is a highly exciting journey and you can be on your way to make your first million dollars online.

For more information click here

Review–Free CCleaner vs 5 Windows Registry Cleaners

December 31, 2000 by · Leave a Comment
Filed under: Make Money, Reviews 

CCleaner is known as one of the free Windows registry cleaners, while most of the award-winning Windows registry cleaners may cost you about $30. A lot of us, of course will prefer to use the free Windows registry cleaner, since FREE is the best advantage. However, if we put aside the money issue, which Windows registry cleaner will stand out and work better to boost our PC speed & performance?

Which one of them works better to boost PC speed & performance?
We have installed CCleaner and other 5 award-winning Windows registry cleaners (included in the top 10 registry cleaners on TopTenReviews) and tested them on our daily used computers (one is XP and another Windows 7).

Our free registry cleaner review includes a comparison of  the functions and features of Windows registry cleaners. Items with blue color are explained in detail below the table. Read on the free registry cleaner review and find your answer: which one of them can help you boost PC speed & performance?

Ease of Use:
While all above Windows registry cleaners are marked as easy to use. Wondershare Registry Optimizer, Advanced Registry Optimizer and Registry Mechanic stand out as better with their logically-designed interface. All functions can be accessed in one click. Besides, explanations to most operations are provided for novice users, which is quite user-friendly. Since cleaning registry is not an easy task, using a user-friendly tool may saves you much time and headache.

Backup and Restore:
Since any improper modification in Windows registry can lead to serious results, it is highly recommended that back up registry before you clean and fix Windows registry.

CCleaner: asks you whether you want to backup registry every time before you make change. Both the backup and restore is manual, which tends to be time-consuming and inconvenient.

Registry Cleaning:
Having scanned our computers for three times with the six utilities, I discovered that paid registry cleaners can find out more errors than the free registry cleaner – CCleaner, and most of the extra errors belong to the 14 categories that CCleaner can not cover. We are not judge, but if you try them both, you will get your answer.

Note: It is arbitrary to say that the more errors found in registry, the better the registry cleaner is. A more reasonable criterion should be like this: after you have scanned Windows registry and repaired all detected errors, how may errors remain at the second scan? If the second scan still find many errors, then is there any meaning for the first scanning and repairing?

Program Cleaning:
Program cleaning helps you scan for computer history (internet history, search history, recent activities, etc.), junk files as well as invalid shortcuts that pointing to non-existent files or programs. Your privacy is guaranteed and more disk space is saved.

System Optimizing:
Compared with that of professional system optimizer, system optimizing here is more like a one-click optimization. It is to adjust registry parameters designed to boost PC speed & performance.

Among the six utilities, only Registry Mechanic, Wondershare Registry Optimizer and Registry Easy offer system optimizing tool. And Wondershare Registry Optimizer makes this function easier to understand, it optimizes the following items, with each item being explained.
– Optimize internet connection.
– Speed up Windows refresh.
– Speed up browsing remote computer.
– Speed up loading internet explorer pages.
– Speed up Windows shutdown.
– Speed up the Menu show delay.
– Boost up the Windows prefetcher service.

Defrag Registry:
Defrag Registry: Registry defrag can reduce registry fragmentation, and compact the registry to a smaller size. Therefore, it will take less time to access registry data, and speed up loading programs and opening files. All above Windows registry cleaners offer registry defrag tool except CCleaner. Besides, Wondershare offers two defrag modes: quick defragmentation and full defragmentation.

Summary of the free registry cleaner review:
If you are reading this paragraph, you almost finish reading our free registry cleaner review. And now what’s your answer that which one of the six Windows registry cleaners works the best to boost your PC speed & performance?

How to make money online without spending money – Guide to scam free

December 31, 2000 by · Leave a Comment
Filed under: Make Money, Reviews 

Okay, so what I am about to share with you isn’t necessarily going to make you rich overnight. Anything is possible, but overnight riches will not be promised here. With the right guidance, resources, and some reasonable work you can begin to supplement your income and eventually build yourself a profitable money making business.

Making money online will take some time and some ingenuity, but you can succeed without any out of pocket investment. I will share with you in this article some knowledge that can change your financial future forever, right here, right now. I will make this as simple and brief as possible, because I know you are in need of money if you are reading this. Let’s begin.

I want to offer you some important tips before I share this information . I want to emphasize to you that the road to riches is never an easy one and you will want to do some planning before you begin trying to make money online. Prepare yourself with the tips below before scrolling any further.

1.Investing Money – Promise to invest your first earnings into turning your operation into a functioning Internet business so that your profits can continue to grow. These investments may include placing advertisements, buying a domain name, website hosting, logo creation, etc. I suggest visiting http://www.sba.gov to devise a business plan as your money multiplies. You will want to keep track of your business spending so using accounting software will also be helpful. You can get accounting software for free at http://www.ideawins.com should you need it.

2.Investing Time – Plan out 4 hours out of the week for your online profit plan. I am not saying to take a whole 4 hours out of one day. If your busy you can throw in a few minutes a day here and there, but try to stay dedicated to making this work for you. Extra weekend time available? If you feel you need coaching to better manage your time for this to work for you, you can visit http://www.mindtools.com online.

3. Learning – Never stop learning. Always try to expand your knowledge by visiting websites with information on business marketing, business planning, etc. Using Google Search is a great way to obtain free information on various subjects that will help you down the way as you grow. Some good information sites include http://www.marketingtips.com and http://www.marketingfind.com

4.Confidence – Never give up faith in yourself. Do not be scared to try new things. You will need to do a lot of writing to make this work. Do not be afraid if you are not a writer, people like to read what other people write all the time. If you write people on your MySpace, then that is enough skill to get you started.

So now that we have gone through some mental preparation, let me share with you the free available tools you will need to make money online. You may need to bookmark this page for future reference and I actually suggest you do that.

1. Finding Products to Sell – You will need at least one product to offer, otherwise it will be impossible to make money. By doing a Google Search for “Free Affiliate Programs” you can find many interesting and unique products to represent online. Some companies even give you a free website to market their products. I suggest visiting the following sites: http://www.clickbank.com and http://www.topsavings.net/money

NOTE: Most affiliate programs require you already have your own website and domain name. The two companies above do not require this, so these are your first best options to sign up with.

2. Get a Free Website – Yes, you can run a website for free. Down the road you will want to buy a site, but if you have no money to invest, free is where you will need to start. You can visit http://www.webs.com for a free website however I suggest you try starting a blog, especially if your a beginner online. You can get a free blog started at either http://www.blogger.com or http://www.wordpress.com.

3. Customize Your Site – With your new site you might want to try to customize the colors and appearance, this will help in the future with search engines such as Google and Yahoo. Engines do not like duplicate designs, so whatever you can do to make the design more unique will help you, but if you do not have the experience it is better to wait until you can afford to hire someone to design your site for you.

4. Start Writing – In your site start to write on subjects that you are familiar with. It can be anything from cars to zoo animals. You will want to write at least 3 posts a week to your blog. If it is a website then you will want to create three new pages a week with some content. I say anything above 300 words should be good. You can even write your opinion on recent news and events. Before you start writing it may be helpful to look up the popularity of such subjects by typing in the main keyword for the subject in the Google Keyword Analyzer that can be found at https://adwords.google.com/select/KeywordToolExternal Try to find longer keywords that relate to the subject and add them to your posts.

5. Start Linking – Once you have content you can start adding your links. Try different methods for placing the links. If a word matches a product you offer in your content you can hyperlink the word to the URL where you get credit for the sales! Clickbank has a search box that you can type in a keyword related to your article, you may find a product to match what your writing about! You can also place banner advertisements in between your articles to help guide readers to your products. If you use a blog, hyperlinking will be extremely easy without any programming knowledge.

6. Search Engines – If at all possible join a forum where they allow URL signatures and put your personal website hyperlinked in your signature. Make some comments with your signature intact, this will help you get listed with the search engines. One forum you can join is www.generalforum.com which has many different subjects to chat about. If you do not have the time to post in a forum and want the engines to notice you then you will have to submit your URL to them yourself.

MSN http://search.live.com/docs/submit.aspx
Yahoo http://siteexplorer.search.yahoo.com/submit
Google http://www.google.com/addurl/?continue=/addurl

The first method is recommended and far more beneficial than the second, especially for new sites. To learn more about search engines visit http://searchenginewatch.com/webmasters

7. Promotion – Start promoting your blog and links on your MySpace Blog, FaceBook, Digg, etc. DO NOT use email, Craigslist, MySpace messaging, or any other method of promotion that may be found intrusive to other users. SPAM can not only get your profile banned from certain sites, but it can also get you the good boot from your affiliate program. There are no short cuts here … follow the rules or loose out.

Bonus Guerrilla Method for My Readers

This next bit of information is a bonus start-up method. I will warn you, it must be done right or it won’t work at all. This method has the potential to boost your profit potential substantially if you are careful and diligent. By the way, this method is not deployed by myself and is best suited for ClickBank affiliates which I am not.

1. Sign up for Yahoo Answers at http://answers.yahoo.com

2. Start answering questions from other users online. You might want to see how others answer the questions to get a feel for how the community works. Make sure you answer questions within subject matter you somewhat know. Always add links to reference with your answers. DO NOT use your affiliate links … yet. Answer about three questions a day for a week before moving on to step 3.

3. After answering questions for at least a week you can now do something amazing. When you answer questions, you can type in a keyword relating to the question in ClickBank search and find products that are related to the question subject. All you have to do is copy and paste the referral URL.. You must have a good answer to go along with the URL. Do not paste only your URL, you must find other URLs to add to your answer that relate to their question or you will be spotted and reported for SPAM and your account deleted. The community can spot bad answers easily, don’t be greedy or dumb.

If you keep up with all the methods I have provided you with, you should be able to start making some real money online without ever having invested a penny. There is much more to learn but I have given you some basic guidance. I wish you much luck in your online money making efforts! Oh and remember, practice makes perfect. Trial and error are natural occurrences in life, keep your spirits high and never give up.

(c)TopSavings.Net

This article was written by Aaron Siegel of TopSavings.Net which offers communication products for both home and business. Get your own free website and start making money online offering cell phones, VoIP, calling cards, and more.

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