Category: Forex Broker

Forex Trading Basics – Forex Pips, Quotes And Spreaad

by

Owen Moore

Know what is forex pips and spread and just how it does work. These are very important measure of success in forex trading.

Understanding Pips and Lot Size

Let us understand the basic measure of success or failure in every forex trading. Percentage in point of PIP is the smallest price increment in forex trading. Pip is always measure by the last digit in forex price quotes, say you bought EUR/USD at 1.3123 and was able to sell it at 1.3126, you then earn 3 pips which is the difference between the sell price and the buy price. Every pip has a dollar equivalent depending on the lot size a trader is trading. Micro lot 1 pip is equal to $0.10, a mini lot 1 pip is equal to $1.00 and a standard lot 1 pip is equal to $10.00.

Reading Forex Quotes

To better understand how forex quotes works let us assume on the following sample quote price for EUR/USD (Euro Dollar); Sell price 1.3120 and Buy price 1.3123, this quote means that you can buy EUR/USD at 1.3123 and you can sell it or short sell it at 1.3120. You notice that the sell price and the buy price are not equal, their difference is what we know as spread.

Understanding Forex Spread

Most forex brokers do not charge that client with commission fees or brokers fees, how then do the forex brokers earn when we trade with them? Forex brokers sell their services not only via their platform but most especially by offering lower spread or fix spread. Once you enter a trade you will immediately suffer a loss amounting to the spread of the currency. Example if you buy EUR/USD at 1.3123 you already have a loss of 3 pips since you can only sell this at 1.3120. The 3 pips initial loss actually goes to your broker and works like a broker\’s fee.

Our first example is a buy transaction it will also be the same when you sell short a currency pair. Selling short EUR/USD at 1.3123 will give you the same 3 pip loss because when you close your short trade you will have to buy it at 1.3120.

Are we charged with the forex spread every time we enter a trade? The answer is yes, every time you enter a trade you are charged by your broker with the spread and your broker will collect this amount the time you close your trade, that is selling if you initially bought and buying if you initially sell short.

There are times when the forex currency spread shoot up to the roof especially during times that the market is very volatile like when trading news announcement like NFP and rate interest adjustments or in times when the market is still digesting an economic news or information.

Now start talking in terms of pips when you measure profit or loss in forex trading or when you are describing a currency price range. Take advantage of brokers that offers small spread or better yet guaranteed fix spread. Avoid buying or selling during wild movement of price because you increase the risk of getting charge with a high spread.

Find out more about Forex trading basic principles by looking into

Lite Forex review

. Additionally you can read more about

silver investing

.

Article Source:

ArticleRich.com

Submitted by: Ruth S. Lanham

The foreign exchange (forex) market is a very big financial market and, if you want success, you should be looking for forex trading strategies to maximize your potential revenue. Scalping in forex trading is one of the known and well-utilized trading strategies.

Scalping is more dependent on recurrent and short-term forex trades compare to other forex strategies. Actually, scalping is the sole terminology in the world of forex that is the most flamboyant piece. Traders who practice the scalping strategy are called scalpers and they are not after making lots of money on any particular trade. Their main goal is to achieve several very little pips for every trade. They want to earn small profits but frequently so that, at the end of each trading day, they have a considerable large amount of revenue. The time frame when doing scalping can be as short as a minute.

Scalpers are often the source of annoyance of some brokers. They usually do trades on a position even before the broker can fill out his first order. As a result, the brokers can lose money from this transaction. Because of advancement in technology, brokers today have the chance to fill out the orders they receive more quickly so scalping is not much of a nuisance like it was a few years back. Because of this practice of scalpers, majority of online forex broker websites, ban scalpers from getting access and they usually put a limit on the number of trades that you can make per day. In fact, one can trade for only about a dozen of times per day.

If you want to utilize the strategy of scalping which is also called picking, the very first thing that you should do is to search for an online broker who has no issues with scalping method. This task is so easy to be done for the recent years because the presence of forex market online has significantly grown.

Your next step is that you check out the forex broker especially all of the associated fees for every trade. A lot of sites are charging traders around eight point for every spread. Apparently, if your aim is to earn revenue of just some pips for every trade, then a spread which is two to three times of that is a hindrance to become profitable. Anyway, given the fact that there are scalpers who can still become profitable using brokers that have high spreads, it is enough proof of how powerful scalping in forex trading can be.

In a lot of ways, the central focus of scalping strategy is the extra special attention the trader gives to the forex market movements. As the trader continuously and closely watch the market, the scalper can hypothetically predict when the market is going in the middle or up or down. The skilled scalper will then go out to buy a currency pair whenever he or she feels that it s appropriate and then this pair of currency is sold as soon as the scalper sees that he or she can reap some few pips that are profitable.

About the Author: Are you looking for more information regarding

scalping in forex trading

? Visit

globalonlineforextrading.com/

today!

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By Ron T Daulton

Real Wealth Income Generator Review & Bonus. The Real Wealth Income Generator by Bill Poulos is a brand new home study course and trade alert software that focuses on trading markets that represent real value. The Real Wealth Income Generator addresses the following concerns that should be on everyones mind these days:

* The Real Wealth Income Generator strategy recognizes that western governments are printing money resulting in out of control sovereign debt, which is leading to double digit inflation at best, and total currency default at worst

* For this reason the Real Wealth Income Generator focuses on trading markets that hold real value such as gold, silver, platinum, copper, agriculture and energy, as well as real value ETFs and stocks

* Swing trade real value based markets first and foremost for profit, but also as a hedge against higher inflation

The Real Wealth Income Generator addresses the same problems and concerns of investors and international traders; formally it addresses the rising national debt by western countries and the modern international trade activities that may lead to increasing inflation, currency devaluation and costly businesses practices. These challenges are covered by the real wealth income generator course through learning lessons and trade alert software. In the long run the course and the software will help you to make involving and good decisions to stay ahead of the competition and dangerous situations.

The present and future trend of the dollar and other leading currencies of the world are probably not that proactive and these will open doors for double digit inflation and the there will be international cry of double digit rise in prices of food and gas. Upon the analysis we will be aware of the state of the world economies, portofolios and the overall savings of the people, this basis of the real wealth income generator. The program will help traders and investors in avoiding the adverse effects of inflation and international debt thus the traders will ensure they generate additional income by mastering certain methods and unique techniques. They will swing trade real value based credited markets that are not adversely affected by inflation because of their tradable trends. Thus the real wealth income generator incorporates the best trading strategies and focus on the real value holding market to achieve future trade returns and avoid major trade challenges.

Another important creation from Bill is the trade alert software. Bills latests trade alert model will help users in delivering a realistic method of protecting their risky retirement accounts and financial assets that face challenges from the unreliable future. This trading software and other future creations are offering revolutionary potential and information that protects many traders and investors in their trading activities. Its important that at this time of world economical mess to get involved in this program as it offers robust trading components that are unique in trade potential. The real wealth income generator is really a course that offers tools and information that will assure and impact the investor trading and also teach you how make money in less time without any foundation of any forex knowledge and probably multiply your income.

About the Author: Ron Daulton Forex Software Developer

tinyurl.com/cu9p235realwealthincomegenerator.us/tinyurl.com/c45d7fu

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Forex Trading – A Peep Into The Fibonacci Den

by

ForexAbode.com

Fibonacci analysis started with retracements of prices during a trend according to Fibonacci sequence. And it is really surprising how many times we see the trending prices retracing to Fibonacci levels of 38.2%, 50% or 61.8% and then continuing the trend.

When we talk about Fibonacci numbers in nature etc, it seems to have some magic behind it. But then every magic has a logic behind it. What I am talking is Fibonacci in flower petals, in shell spirals, in the family trees of rabbits and cows and so on. But the why Fibonacci works in trading also? Is it that magic or is there a logic? Well, no magic is without a logic or reasoning and same is true with Fibonacci analysis in trading Why do technical analysis indicators work? The major reason that any technical analysis indicator works is mainly because of the number of traders taking major positions on the basis of the signals generated by it. The success of any indicator depends on the number of traders following the signals generated by it. A sell signal comes and people start selling big and the prices would drop further down. Going back to what was mentioned above that Fibonacci sequence, at times, shows that there is a mystery behind it. That makes traders to try to find newer ways of analysis based on Fibonacci sequence. And that brought in so many other Fibonacci indicators in trading market. These tools are Fibonacci extensions, Fibonacci Arcs, Fibonacci Fans, Fibonacci Time zones etc. All these indicators use Fibonacci sequence of numbers in different ways. As an example Fibonacci retracement levels are flat levels and take into account only the prices while Fibonacci arcs take the prices and time into consideration This article is to see which Fibonacci indicators we should use. Which Fibonacci analysis is better? Well, I would say that the better is which tends to be the base of major trades as a tool used by more number of traders. The professional traders always like the simplicity in their analysis while even if they analyze larger volumes of diversified data. They would not use a big numbers of indicators but only selective ones. And hence the vote would go to the original Fibonacci retracements amongst all the other Fibonacci indicators. Fibonacci retracement and extension but to which level: 38.2%, 50% or 61.8% or more? To what level we should expect the correction depends on the strength of the trend. When the trends are very strong a correction may not be very big. During the trends which are not trends the retracement levels may be big. It is always advisable to use some indicators to check what is the strength of the trend and whether any indicator is indicating a trend reversal. We can use ADX, Stochastic and MACD, Ichimoku clouds etc. If the ongoing trend is very strong then price may not retrace very much and may only go to 38.2% level. If the trend is moderate then it may further retrace to deeper levels. A balanced combination of complementing technical indicators is always good. Use of technical indicators and time frames: What kind of time frame charts the traders are using and what kind of trades they are making for major trades also adds to the dependability of the signals. One thing is sure that no big trades would happen on the basis of the analysis on 5 minue charts. Keeping a track of longer term charts and shorter term charts is always important to see the true direction and knowing entry and exit points.

For more details please check

Fibonacci

and

Ichimoku

pages of ForexAbode.com. You may also share your views at

Forex Forum

.

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Forex Trading – A Peep Into The Fibonacci Den

How Forex Trading Training is Useful

by

xforex

It is very important for the traders to know about the basics of the trading market and have a proper knowledge of the trading world; hence, forex trading training is indispensible for the traders. The traders dealing in forex markets must be competitive and experienced enough to handle this volatile market. The new entrants in the market can escape the inherent risks by undertaking a good forex trading course. The forex markets are dynamic in nature, they can change rapidly. A good knowledge about forex will help the traders reduce these risks.

Forex trading training helps the new entrant in the market to understand forex charts and have a proper knowledge about how forex market works. This helps the new traders in the decision making process and also helps in wisely analyzing the forex charts at the time of buying and selling. The future of new traders depends on their knowledge of forex markets; hence attaining trading knowledge is important. Forex training tutorial gives vital information like the margins, bids, leveraging and rollovers, these terminologies are very important for each trader to be familiar with to make a foothold in the forex trading market. The forex trading training helps one know about the risks involved in the market and helps them understand how to deal with them keeping the discipline, stress, the risk management in mind. It also helps the traders to keep their emotional cycle in control. It is best to start forex trading after a proper knowledge about this business. It will defiantly increase the possibility of great success in future. Acquiring the knowledge through forex trading training is simple; it can be achieved by seminars, classes, eBooks, online training, online classes etc. It is vital to take forex trading training as it helps to keep a check on forex reviews, all the traders who are successful in the business have been actively participating in forex trading training. To manage the risks involved with having a proper knowledge is very difficult. Forex trading is equipped with the best training methods which helps in managing the trade and its stress and instructs the new entrants to perform to their best ability. It also helps in managing the market mechanism, teaches the techniques of using forex trading software

, starting a new trade and closing the existing one and other small details like the best time to bid etc.

Forex training also tells the trader the history of forex which helps them to predict the future of forex traders. It shows the mistakes that have been made in past with the help of which, the newbie’s can evade making the same mistakes again, the solution of the mistakes are also given which helps in correct analysis of the problem. The Forex trading training

has proved to be successful and the traders should go through it to attain full benefits. The things learnt from it can help make profits and hence pave the way to master forex trading.

Xforex.com is a reliable forex trading platform for effective

Forex trading training

. At

forex trading software

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Article Source:

ArticleRich.com

By Rich Jarrott

Pandora bracelets offer a large range of colourful beads. But what do you really know about the precious stones that make up these stunning Scandinavian designs?

A diamond is a transparent crystal of tetrahedrally bonded carbon atoms that crystallizes into the diamond lattice. Diamond is the hardest known natural material on the Mohs scale of mineral hardness, Diamond has a hardness of 10 (out of 10) on this scale.

Because it can only be scratched by other diamonds it maintains its polish extremely well. it is well-suited to daily wear because of its resistance to scratchingperhaps contributing to its popularity as the preferred gem in engagement or wedding rings, which are often worn every day.

Another popular stone in the Pandora bracelets range are opals. Australia produces around 97% of the world’s opals. The world’s largest and most valuable gem opal “Olympic Australis” was found in August 1956 at the “Eight Mile” opal field in Coober Pedy. It weighs 17,000 carats (3450 grams) and is 11 inches (280 mm). It is valued at AUD$2,500,000. Opals can come in a variety of colours, but those used in jewellery such as Pandora bracelets are commonly pink.

Also popular are beads featuring pearls. These hard objects are produced within the soft tissue of a living shelled mollusk. A pearl is made up of calcium carbonate in minute crystalline form, which has been deposited in concentric layers. The ideal pearl is perfectly round and smooth, but many other shapes of pearls occur.

The most valuable pearls occur spontaneously in the wild, but they are extremely rare. These wild pearls are referred to as natural pearls. Cultured or farmed pearls from pearl oysters and freshwater mussels make up the majority of those that are currently sold. Pearls are harvested and cultivated primarily for use in jewellery, but in the past, they were also stitched onto lavish clothing or crushed and used in cosmetics, medicines and in paint formulations.

One traditional stone featured in jewellery is quartz. The material is the second most abundant mineral in the Earth’s l crust and is known chemically as siliconoxygen tetrahedra or SiO2.

There are many different varieties of quartz, several of which are semi-precious gemstones. Especially in Europe and the Middle East, varieties of quartz have been since antiquity the most commonly used minerals in the making of jewellery.

The gemstone Tourmaline is also used in Pandora bracelets. This is a crystal boron silicate mineral compounded with chemical elements such as aluminium, iron, magnesium, sodium, lithium, or potassium. The gemstone can be virtually any colour and this is determined by the chemical elements enveloped within the stone. Tourmaline used in Pandora bracelets comes in a wide variety of colours. The name comes from the Sinhalese word “Thuramali” which is applied to the many different gemstones found in Sri Lanka.

Quartz is an ever-present material in jewellery making, so it is of little surprise that Amethyst is a violet variety of quartz. Amethyst occurs in large geodes within volcanic rocks.

The name comes from the Ancient Greek for the words not intoxicated a reference to the belief that the stone protected its owner from drunkenness; the ancient Greeks and Romans wore amethyst and made drinking vessels of it in the belief that it would prevent intoxication.

The ancient Egyptians used amethyst as a gemstone while medieval European soldiers wore amethyst amulets as protection in battle the reason for this being that amethysts are believed to heal people and keep them cool-headed.

About the Author: The Jewel Hut offers the UKs largest selection of branded jewellery including the popular

Pandora Bracelets Range

. There are thousands of items available from 20 leading brands. Trading since 2005, the company is part of the family-owned TH Baker group that has traded continuously since 1888

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