FX trading online is automated, and you can easily trade through the Internet 24 hours a day while the market is open. There is no need for retail premises, or to employ staff.
When you want a break, you can simply close your positions and stop trading. Compare this with owning a normal business where you need to arrange for someone to cover you if you want to go away on holiday.
There is no paperwork as this is also automated. You can view your positions and account balance on-line. You generally pay no direct fees as the broker uses the difference between the buy and sell price as his profit. Typically on a single $100,000 trade, the cost is around $50 to buy and $50 to sell.
You can easily start trading part time without having to leave your current job or business. Most trading platforms give you the ability to place stop positions to protect your profit, or close out a loss making position before the market moves against you.
Forex Trading Demo
It’s very easy to get a forex trading demo account with a broker allowing you to practice as long as you want before opening a live forex account.
24 hour Currency Trading
One of the benefits of currency trading is that the market is very liquid 24 hours a day. No other financial market even comes close to this.
Forex Trading at Home
One big advantage of forex trading is the opportunity to work at home and spend more time with your family. All you need is a good internet connection and a windows PC.
Forex Regulation
Many people who open their own business spend a lot of time and money in complying with a range of government regulations, filling in returns and keeping up to date with various laws. You may have to pay for licenses and collect sales tax. This is accepted as part of running a business, but reduces the time available for you to make money for yourself.
In comparison, FX trading is the essence of free market capitalism.
Nepotism and ability to play organisational politics counts for nothing in the FX markets. There is no-one holding you back and you will succeed or fail based on your ability to develop and implement a trading strategy.
[ForexGen Demo Accounts Contest] 
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FX Trading Online
Tuesday, January 13, 2009
Global Futures Trading Index
Wednesday, January 7, 2009
The Global Futures Trading Index is a proprietary indicator of Global Futures. It shows bottoms and tops in trends and should be used together with the Global Futures Trend Index for exact timing. If the market is in a clear uptrend according to our trend index, go long if the Global Futures Trading Index shows a reading below 35. The reverse is true in a downtrend.
Go short or buy puts if the index gives readings of 55 or above when the Global Futures Trend Index is below 20. Cover all your shorts if the index trades below 35 in a bearish trend. Please bear in mind that this index is a contrary indicator and therefore when these signals are given, they will be most likely contrary to most of the news of the moment and the opinions of the well known and most widely quoted gurus of Wall Street.
[ForexGen Demo Accounts Contest] Win Cash Prizes
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Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
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How Much Is Enough?
Tuesday, January 6, 2009
This often happens by not having enough start up money. So how much do you need? The short answer is, "It Depends". It goes much more in depth than that though.
Most traders are way underfunded. I often see people trying to trade a system with a 3000 pip drawdown with a $3000 account. While in theory it looks like you should survive and thrive in this situation, past experience has shown me otherwise. In a similar situation lets say that you're trying to trade a system with a max drawdown of 900 pips with a $1000 account. If you were to hit that 900 pip drawdown right off the bat you would have a 90% drawdown. To get back to even you would need to go on a 1000% rally. This is not at all likely.
Factors to consider:
• What is the traders max drawdown?
• How much margin is tied up in open trades?
• How much history do you have on the trader?
A traders max drawdown can be deceiving. You need to realize that this is the max draw down that has happened "so far". If you don't have a lot of history on a particular trader you probably shouldn't be using their signals in the first place, but you definitely shouldn't trust their max draw down.
You also need to factor in margin requirements. This is money that is not available for you to draw down. You WILL get margin called, and all of your trades will be closed, if you don't take this into consideration.
So How Much Is Enough?
To be safe, you should choose a trader with enough history to have a reliable drawdown. Then once you figure how many trades they generally have open at a time, you can determine your margin requirements. My account never has less than twice the max drawdown of a trader plus whatever margin requirements may be. I also use this formula when adding new signal providers. This allows me to know that I am not at risk of a margin call as long as I monitor my accounts daily.
I also add up the maximum ammount all of their trades draw down and then divide it by the number of trades. This will give you the average ammount of pips that their trades run against them. This number is never more than 5% of my account balance. To be conservative you should probably try to keep it under 3%. This may seem quite conservative, but it allows you to survive and trade another day.
If you do choose to trade with an underfunded account because you want to "take a shot", that is fine as long as you know that that is exactly what you are doing. You may go on a run at the beginning and never look back. But if you continue to increase your lot sizes as your account grows, and always trade an under funded account, you will eventually go broke no matter how good of a trader you are.
[ForexGen Demo Accounts Contest] Win Cash Prizes
[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
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Also provide us with the following identification document:
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Benefits of Technical Analysis
Sunday, January 4, 2009
Technical analysis is the most popular way of predicting what will happen next in the foreign exchange market; particularly in one or more of its currencies. Being able to analyze the market properly would allow the trader to predict what the price of certain currencies will be in the near future. This is done by using different market charts and statistical data in numbers in order to see what can happen.
The predictions of the trader can also be based upon the past performance of a currency by looking at the numbers it had under certain conditions in the past. If these conditions are once again present then the price of that currency can more or less be the same. In other words, you will look into history to see where you might be headed.
Once you are able to learn and perfect analyzing the market through technical analysis then you will be able to earn more and avoid becoming part of the majority who loses their money in the foreign exchange market. Making money in this financial market is always difficult. Only a few people are able to become rich and successful here and about 95% of the traders lose their money while trading.
The forex market is a very unforgiving place. You always have to be careful and know what you are doing at all times. Each decision you make may very well be your last. So in order to avoid being part of the majority, learn forex technical analysis.
[ForexGen Demo Accounts Contest] Win Cash Prizes
[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
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Mini Forex Trading Less Risk, More Profit
Thursday, January 1, 2009
Forex trading is one of the most feasible options for someone who’s looking at bigger possibilities, bigger profit and greater ease in trading and business. Because of it’s high liquidity and speedy transactions, forex trading is becoming a popular game among players in the field of business and marketing. While it’s traditionally for companies and corporations with huge capital and experience in the field, it has also proven itself to be a good venture for a neophyte through what is known as a Mini Forex account or mini forex trading.
Mini Forex Basics
The key here is leverage. Because of leverage, a trader can trade in a commodity more than the money available in his account. For instance, with a $250 deposit, one could trade a maximum of 5 mini lots. This type of leverage is greater than stocks or day trading. Of course, it is wise to start with a manageable leverage that allows greater flexibility in transactions.
What are the benefits of mini forex trading? With just a small amount involved, you can have access to free trading platform and benefits that regular forex traders get to enjoy. These would include state-of-the art trading software, charts and resources. With a leverage of 200:1, the trader can trade in a commodity careless of the amount of money available to him.
Mini forex trading also allows for lesser losses as the contract size is only 1/10th the size of a standard forex account. There is also more flexibility with regards to customizing trades and minimizing risks. Ideal for those with smaller capital, the trader has an opportunity of investing in more areas of the market with lesser risk as there is lesser capital to be lost. It is important not to hesitate with his transactions as there is lesser capital involved.
With the same freedom enjoyed by regular forex traders, a mini forex trader can trade as many lots as he desires. Although the standard trade size is 10,000 units, you are free to trade as much as 50,000 units or more. In this way, the trader also builds up his confidence in his trading abilities while he also slowly increases his profit and trading position in the market. He gets to manage his money before going for the higher stakes in regular forex trading.
The trader likewise gets to develop a sound trading strategy without getting too emotionally involved in possible losses and profit. For practice, a beginner in forex trading can practice through paper trading. But in the real market, he can start small with mini forex trading. There require lesser capital involved and the practice builds up the trader’s trading gameplan for future explorations in regular, higher stakes forex trading.
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Amazon Says 2008 Holiday Season Was 'Best Ever'
Sunday, December 28, 2008
Amazon says 2008 holiday season was 'best ever,' a rare bright spot, even for online commerce
Online retailer Amazon.com Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day -- a rare piece of good news in a season that has been far from merry for most retailers, including online businesses.
Amazon customers ordered more than 6.3 million items on Dec. 15, compared with roughly 5.4 million on its peak day last year, the company said. It shipped more than 5.6 million products on its best day, a 44 percent rise over 2007, when it shipped about 3.9 million on its busiest day.
The company did not provide dollar figures and wouldn't say whether the average value of orders had changed, and the jumps it reported Friday are in line with increases Amazon has seen since it started releasing the figures in 2002.
Amazon's best-sellers included the Nintendo Wii game console, Samsung's 52-inch LCD HDTV and Apple Inc.'s iPod touch.
Analysts agreed Amazon's report was good news for the online shopping giant, but they were divided over whether the results indicate strength in online commerce in general.
Forrester Research analyst Sucharita Mulpuru said Amazon's experience shows the current economy is favoring discount retailers, both online and offline.
"The Amazon story doesn't surprise me because Amazon has always traditionally been a leader on price, and they're one of the first places consumers go when they're looking for things online," Mulpuru said. "In many ways they're like the Wal-Mart of the online world."
Wal-Mart is one of very few traditional retailers where revenue has risen this holiday season over last.
Holiday sales typically account for 30 percent to 50 percent of a retailer's annual total, but rising unemployment, home foreclosures, the stock market decline and other economic worries led many shoppers to slash their shopping budgets this year.
SpendingPulse -- a division of MasterCard Advisors -- said its preliminary data show that online sales fell 2.3 percent compared with the 2007 holiday season, while retail sales overall fell 5.5 percent to 8 percent, including sales of cars and gasoline. The decline was 2 percent to 4 percent when auto and gas sales are excluded.
Online shopping may have gotten a boost from winter storms during last two weeks before Christmas, which made travel to brick-and-mortar stores more difficult.
And, although Amazon's orders rose, the company didn't say whether orders were, on average, worth more or less than last year. Spokeswoman Sally Fouts said the company would release revenue results in its fourth-quarter earnings report, due in about a month.
But she said this was Amazon's "best season ever."
Orders to Amazon on the peak day of its holiday season have jumped in the double-digit percentage range for at least the past 5 years, according to data released by the Seattle, Wash.-based company since 2002. Last year, Amazon's orders spiked 35 percent to 5.4 million at their peak, from 4 million in 2006.
Stifel Nicolaus & Co. analyst Scott Devitt said online retailers' sales tend to grow much faster than those of brick-and-mortar retailers, but he said that difference narrowed this year. That's in part because shoppers tend to go to stores for necessities and online for discretionary purchases, he said. And in an economic downturn, consumers focus on their most-needed purchases and cut back on more frivolous items.
Devitt said Amazon benefited from a vast infrastructure that allows for faster, more reliable shipping than most of its online peers offer. He called Amazon's announcement an "extremely positive data point" and said the company is "uniquely positioned to do well in an environment like this."
That environment has left many retailers in a tough position. NPD Group senior retail analyst Marshal Cohen said they will be forced in coming weeks to take still more drastic measures to drive sales and raise whatever cash flow they can.
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