Categories

Visit our Forex Training Store

Articles: Forex trading, what the hype is all about 

One simple Fallacy: The Strategy determines Success! 

Forex trading, what the hype is all about

Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money online as the forex market changes daily. Online Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well.

The forex market could have your money invested in one market one day, and the next day your money is invested in another country. When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that foreign currency.

For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.

Online forex trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection.

If you are interested in day trading on the forex market, you will find limits for online trading are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an online trading account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.

What kind of returns are we talking about when making money online? Day trading on the forex market requires a good starting capital of at least $2000 in order to make money online and build your account quickly. In order to make money online day trading you need about $10 000 in your trading account or more as a minimum. At that point you can stop doing anything else for money and work from home.

Read more Forex Articles section below:

Forex trading, what the hype is all about

Learn Forex Day Trading online

Forex trading is risky however by registering on our Live Trading Room you get to experience how a Forex Pro trades the currency market every week for as long as you like once you register for our Forex Trading Room membership. Your Forex Pro covers different trading strategies for intraday currency trading with a focus on a 5 minute chart as well as longer timeframe periods like a 4-hour chart as well.

Because we understand the Forex Trading is risky and that we are not a tipping service you benefit from following our Forex Trading Pro in Real Time*. Our Live Forex Trading Room was designed & launched to provide quality trading education whilst at the same time showing you real-time trades.

We are a team of professional Forex Traders who wish to share our trading knowledge with home-based traders or part time traders that need to improve their performance and profits over a period of time in a consistent way.

With the LIVE Trading Room, we strive to provide a currency trading community that offers integrity, exclusivity and personal service to our members with the ultimate goal of enabling your trading success.

We developed the LIVE Forex Trading room with the aim of offering home traders an exclusive environment where they receive trading education on the job, forexy analysis and forex education support required to make informed, disciplined and consistent trading decisions.

We are Forex Traders! We stand by our performance - Each currency trade is documented. We make our living from trading Forex and we would like to help you do the same while creating a network of Forex traders that are successful on a consistent basis. Trading is a lonely career. But it doesn't have to be. We can all make money together and then enjoy the experience of sharing how we want to LIVE LIFE after making money together.

You must be aware that we are not regulated to give advice. This means that before you register with us to take part in the LIVE Trading Room, that you would need to complete our Disclaimer form. You are free to follow our trade if you want. Our Currency Trades are posted in Real-Time, so in theory you should be able to get the same price we do or extremely close to it. It is vital however that by using the Trading Room you acknowledge & accept that any trades you do execute are the result of your own decision making and at your full discretion.

We will teach you how to trade the financial markets using a LIVE environment. You will learn the importance of money management, compounding accounts and how to select winning trades, all within a SMALL INTERACTIVE group while in the comfort of your own home.

The comprehensive Forex mentoring package is designed to show complete beginners and intermediate traders all you to need to know to start Forex trading and make money in the Forex Market! Focusing on SAFE strategies and TRADING PSYCHOLOGY, we will set you up with everything you need to trade profitably.