вторник, 15 мая 2018 г.

How to make money with forex online


Lesson #1: What is forex trading.


Top 12 reasons to start online trading:


Forex Trading can protect you from the current economic crisis. You can make money both on the rising and falling of the forex market. Earn money almost instantly with Fx Trading! The fastest way to make money It takes less than 5 minutes to open a forex trading account, and less than 1 hour to deposit funds, so you can start building your personal wealth quickly. The profit is all yours – no fees are charged. Create additional income that can easily exceed your main salary. Forex Trading can help you achieve your personal financial goals. Be your own boss. No one is calling the shots but you! Work from anywhere you'd like: Home, Office or Abroad. Trade whenever and whatever you want. Forex trading is available 5 days a week 24 hours per day. Every forex trader should know the best Forex Market Hours. Forex trading with PaxForex provides a wide range of currency pairs. There is always someone who wants to buy and who wants to sell There are huge numbers of Forex Market participants. Trade the biggest market in the world, larger even than the stock market.​ Profit is limited only by your goals and abilities.


Forex trading opportunities?


Forex is the international business of trading currencies. The aim of a forex trader is to buy a currency when the price is low and sell it when it is high.


Just imagine you bought 100,000 EUR for 137,000 USD (100,000 EUR x 1.37 USD) yesterday and sold it today for 138,000 USD . You would have earned 1,000 USD on that trade in just one day!


With a leverage of 1:500 you need to invest only 200 EUR in order to trade 100,000 EUR and earn 1,000 USD.


PaxForex also gives you the lowest spreads you can find online. You will be able to get cheapest prices to buy and highest prices to sell with PaxForex, so that you can maximize your personal profits.


Of course, there is a risk of a loss - like there is for any kind of investment - but the good thing is that you cannot lose more that you invest!


The art of Forex Trading Online is the prediction of when to buy or when to sell. Forex traders are constantly researching and analyzing market data along with international trends to decide what currency to trade for maximum profits. Any major event, like an earthquake in Chile or a civil war in the Congo, can have a direct impact on the market and affect how much a currency can sell for. With the help of fundamental and technical analysis, savvy forex traders get a better idea of where prices are going and which currencies are the best to trade.


Trading in the forex market is open and available to anyone who wishes to invest money in it. Forex brokers like PaxForex have sites and forex trading platforms that provide the software required for you to trade in this market.


Forex trading tools with PaxForex includes:


The Metatrader 4 forex trading platform. The Best Online Forex Trading Conditions in the market. Current data and information on the market on a regular basis and forex guide. A Forex Trading Account to trade different instruments. A Wide range of Deposits and Withdrawals method. A Demo Forex Account where you can practice trading, without risking any money.


Once you are familiar with the MT4 Forex Trading Platform, the tools it has to offer, and you think you have gained enough experience by using the Demo Forex Account, you should change to the live market.


At this point, you make a deposit on your online Forex Trading Account. Before investing in any currency transactions, be prepared to spend some time researching and looking at current market data. This way you will reduce the risk of losing money.


A technical analysis will help you to identify the best time to buy a currency. A technical analysis is a tool to forecast the direction of a particular currency. The most common analysis is a price chart analysis. By plotting different prices and other indicators on the chart, it will create an estimation of the currency’s movements.


The other method is called fundamental analysis. It facilitates forecasts based on political or economic situations.


There is plenty of information and training on these subjects on the PaxForex website where you can research, study, and learn all about Forex.


The key to making good money in Forex trading market is knowledge and experience. Here, at PaxForex, both are available to you for free. If you are prepared to invest some time in educating yourself with our free Demo Forex Account, you can benefit financially from the best Forex trading at PaxForex.


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Laino Group register number 21973 IBC 2014. Risk warning: Please note that trading in leveraged products may involve a significant level of risk and is not suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.


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How to Make Money With Forex Trading.


Trading foreign currency is easy. Making money with Forex trading is not. Most Forex traders lose money playing the currency exchange game. Effective Forex trading requires the ability to manage risk and a thorough knowledge of the foreign currency market. If you want to be among those who profit from trading Forex, take the time to educate yourself before you risk money.


How Forex Traders Make Profits.


Currencies trade in pairs. For example, EUR/USD means the euro-U. S. dollar pair. The second currency is quoted in terms of the first, or base, currency. EUR/USD 1.2500 means one euro will buy $1.25 U. S. dollars. When a trader thinks the base currency will go up relative to the second currency, he "goes long" by taking a buy position. If he thinks the dollar will get stronger, he takes a sell position in the base currency. Suppose he goes long with the euro at $1.25 and the exchange rate rises to $1.30. The trader makes a profit because he gets back $1.30 for every $1.25 of currency he bought to start with.


Understanding Forex Trading Risk.


Currency is traded on margin. For instance, a Forex broker may require only $2,000 to trade a $100,000 lot of currency. If the exchange rate moves just 2 percent in the trader's favor, she doubles her money. However, the market can just as easily go the other way and wipe her out. This is why Forex trading is so risky. Suppose a trader goes long on euros when the rate is EUR/USD 1.2500. If the eruo falls to 1.2250, a 2 percent margin is gone and the broker will close out the trade, leaving her no way to recover from the loss if the market turns around.


Limiting Forex Trading Risk.


Traders must learn to manage risk to make money trading Forex. One basic tool is the stop-loss order. A stop-loss order is an instruction to the broker to close out a trade at a predetermined exchange rate so losses are limited if the market goes against the trader. Forex traders learn to use sophisticated combinations of trades to manage risk. Grid trading is one example. The trader takes simultaneous buy and sell positions in a currency. When the exchange rate moves, it will be in a favorable direction for one of the positions. At a predetermined point, the trader cashes out the positive position, leaves the other position open and opens up a new pair of buy and sell positions. This process is repeated until the overall balance is in the trader's favor, at which point he cashes out at a profit.


Practice Before You Play.


Forex trading websites frequently offer free practice Forex accounts. A typical practice account allows you to use the site's trading platform to trade a fictional account for 30 days. You can become familiar with the charts and analytical tools traders use to follow and anticipate market trends and gain experience with trading strategies before risking real money.


Making money in forex is easy if you know how the bankers trade!


How to make money in forex?


I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market. It all comes down to understanding how the traders at the banks execute and make trading decisions.


Why? Bank traders only make up 5% of the total number of forex traders with speculators accounting for the other 95%, but more importantly that 5% of bank traders account for 92% of all forex volumes. So if you don’t know how they trade, then you’re simply guessing. First let me bust the first myth about forex traders in institutions. They don’t sit there all day banging away making proprietary trading decisions. Most of the time they are simply transacting on behalf of the banks customers. It’s commonly referred to as ‘clearing the flow”. They may perform a few thousand trades a day but none of these are for their proprietary book.


How do banks trade forex?


They actually only perform 2-3 trades a week for their own trading account. These trades are the ones they are judged on at the end of the year to see whether they deserve an additional bonus or not.


So as you can see traders at the banks don’t sit there all day trading randomly ‘scalping’ trying to make their budgets. They are extremely methodical in their approach and make trading decisions when everything lines up, technically and fundamentally. That’s what you need to know!


As far as technical analysis goes it is extremely simple. I am often dumbfounded by our client’s charts when they first come to us. They are often littered with mathematical indicators which not only have significant 3-4 hour time lags but also often contradict each other. Trading with these indicators and this approach is the quickest way to rip through your trading capital.


Bank trader’s charts look nothing like this. In fact they are completely the opposite. All they want to know is where the key critical levels. Don’t forget these indicators were developed to try and predict where the market is going. The bank traders are the market . If you understand how they trade then you don’t need any indicators. They make split second decisions based on key technical and fundamental changes. Understanding their technical analysis is the first step to becoming a successful trader. You’ll be trading with the market not against it.


What it all comes down to is simple support and resistance. No clutter, nothing to alter their trading decisions. Simple, effective and highlighting the key levels. I’m not going to go into the ins and outs of where they actually enter the market, but let me say this: it’s not where you think. The trendlines are simply there to indicate key support and resistance. Entering the market is another discussion all together.


How to make money in forex?


The key aspect to their trading decisions is derived from the economic fundamentals. The fundamental backdrop of the market consists of three major areas and that’s why it’s hard to pin point currency direction sometimes.


When you have the political situation countering the central bank announcements currency direction is somewhat disjointed. But when there are no political issues and formulated central bank policy acting in accordance with the economic data, that’s when we get pure currency direction and the big trends emerge. This is what bank traders wait for.


The fundamental aspect of the market is extremely complex and it can take years to master them. This is a major area we concentrate on during our two day workshop to ensure traders have a complete understanding of each area. If you understand them you are set up for long term success as this is where currency direction comes from.


There is a lot of money to be made from trading the economic data releases . The key to trading the releases is twofold. First, having an excellent understanding of the fundamentals and how the various releases impact the market. Secondly, knowing how to execute the trades with precision and without hesitation. If you can get a control of this aspect of trading and have the confidence to trade the events then you’re truly set up to make huge capital advances. After all it is these economic releases which really direct the currencies. These are the same economic releases that central banks formulate policy around. So by following the releases and trading them you not only know what’s going on with regards central bank policy but you’ll also be building your capital at the same time.


Now to be truly successful you need an extremely comprehensive capital management system that not only protects you during periods of uncertainty but also pushes you forward to experience capital expansion. This is your entire business plan so it’s important you get this down pat first.


Our stringent capital management system perfectly encompasses your risk to rewards ratios, capital controls as well as our trade plan – entry and exits. This way when you’re trading, all your concerned about is finding entry levels. Having such a system in place will also alleviate the stresses of trading and allow you to go about your day without spending endless hours monitoring the market.


I can tell you most traders at banks spend most of the day wandering around the dealing room chatting to other traders or going to lunches with brokers. Rarely are they in front of the computer for more than a few hours. You should be taking the same approach. If you understand the technical and fundamental aspects of the market and have a comprehensive professional capital management system then you can.


From here it just takes a simple understanding of the key strategies to apply and where to apply them and away you go. Trust me you will experience more capital growth then you ever have before if you know how the bank traders trade. Many traders have tried to replicate their methods and I’ve seen numerous books on “how to beat the bankers”. But the point is you don’t want to be beating them but joining them. That way you will be trading with the market not against it.


So to conclude let me say this: There are no miraculous secrets to trading forex. There are no special indicators or robots that can mimic the dynamic forex market. You simply need to understand how the major players (bankers) trade and analyse the market. If you get these aspects right then your well on the way to success.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.


Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.


Make Money Online with Forex Trading: Part I.


With today’s ever-changing economy, many people are on the lookout for simple, effective methods of supplementing (and even replacing) their current income. The first places they may search for moneymaking opportunities are through a variety of work-at-home websites, as well as through traditional employment agencies. However, most find these paths lead only to dead ends, additional frustration, and wasted time.


If you can’t work for someone else, though, you might as well start your own business, right? Not quite. While forming a business from the ground up may be a viable option for some, the vast majority of us do not have access to an adequate amount of investment capital, and aren’t able to wait months (or even years) until profits begin rolling in. And the stock market? Millions of hardworking people lost nearly all of their life savings during the recent economic downturn, and are leery about throwing any more of their hard-earned money down the drain.


The good news is that trading on the Forex market has proven to be a solid method of achieving financial freedom, but it doesn’t come without its own set of risks.


What Is Forex Trading?


The Foreign Exchange market, or Forex for short, is where the world’s different currencies are traded. Each nation’s currency has a constantly fluctuating exchange rate, and just like any other trading market, the goal is to buy low and sell high.


How Does Forex Trading Work?


Individuals will need to utilize the services of a broker (also known as a market maker) in order to trade on the Forex market. While there are many Forex trading strategies, the most basic includes purchasing a currency at one exchange rate, and selling at a higher one at a later date.


For example: Let’s say you purchased 1,000 Euros at the beginning of the month for $1,200 USD, which you decided to hold on to for 2 days. When you sold your investment at the end of the second day, your 1,000 Euros was then worth $1,300 USD, which translated directly into a $100 gain.


The Upside of Forex Trading.


Trend-based results. Because competition within the Forex actually helps individuals make money through volatility and price fluctuation, individual traders can focus on identifying and following emerging trends, instead on beating their competition. For example: If you sell tangible items (e. g. clothing, furniture, cars, etc.), the price of these items are directly related to those of your competition. If they decrease their prices, you must also decrease yours in order to remain competitive. As a result, you would be making less profit (or none at all), and may even have to close your doors if prices drop too low. With Forex trading, however, you can make money whether currency increases or decreases in value.


Trade at all hours of the day. Because the Forex constitutes a global market, it is always active, regardless of the time of day.


Remain liquid. Since Forex traders are dealing directly with currency, holdings can be quickly converted into cash, should the need arise.


Low transaction costs. Unlike traditional business models, including the stock market, newcomers to the Forex can enter with very little initial capital, as there is no official minimum (Note: We will cover this in greater detail later in the series). However, since traders will need to use the services of a broker or market maker, each firm can set their own minimums, so it’s important to do your research beforehand.


The Downside of Forex Trading.


Market volatility. Just like with any other market, individual currencies can experience wild swings in value. While this can lead to large gains in a relatively short period of time, it can also lead to large losses. Research and practice are the keys to success.


Seeing red. Because nearly all Forex brokers include their fee (also known as a “spread”) in each trade, this means individual traders will immediately start out at a loss. Because of this, it’s important to 1) find a broker with low and/or fixed fees, and 2) thoroughly research each trade for potential upside.


Higher prices. Individual Forex traders receive retail pricing, which is often higher than the wholesale pricing that hedge funds and banks enjoy.


While the Forex market can be a great solution to your income woes, it’s definitely not for everyone. Successful Forex traders are motivated to constantly learn new techniques, to apply this knowledge in the real world, and to maintain a positive approach to their activities. If you tend to be impatient, greedy, or are afraid to make split-second decisions, this may not be the right path for you.


Now is the time to enter the world of Forex, as a vast universe of opportunity (and money) awaits those who are prepared to make the leap.


Other articles in this series:


The HighYa Team.


The HighYa team is passionate about helping you avoid scams and make better purchasing decisions about everything the internet has to offer.


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