So you are a full time forex trader ?? = you got no life ..
Sorry to be blunt and rude, but I have to tell you that there are great solutions that can automate online Forex trading and allows you to do something else, like buying your wife flowers, or giving your daughter a kiss she describes.
Studies shows that 90% of even the most experienced Forex traders lose all their money because of:
You want to get rich overnight, you do not close trade, wanting it to reach more points and gain more money. You buy more lots than you can afford.
greed = disaster
Never ever trades with feelings or emotions, NEVER trades like a fortune teller, foretelling that you are going to close in USD5000, – if you waited an hour more, because you "feel" it coming.
3.Not having rules
THIS IS BIG! the word here is discipline, always set a rule that is profitable.
Always make a smart rule like fix stop loss, fix lot, exit strategy and stick to it.
4.Always believing the news
You have to repeat after me: "News are created so that you have to agree according to their plan."
The trick here is to be educated by reading the news and looking for information on how the event will affect the treaties, and not trying to find articles written to tell you their prediction on how low or high the currency pairs will go.
5.FATIGUE / TIRED
You are not Robocop, superman or God, your eyes will be weary, your stomach will grumble for pizzas, burgers or whatever…
Source by Anton Goodman
Some Forex system authors in the market introduce their commercial expert advisors and related MetaTrader4 tools as legitimately patented, what does this mean and is it considered a real credibility? supporter?
In order to understand this, we should first recognize the difference between a copyright, trademark and patent.
It's a sort of protection that original work authors can obtain, intellectual property like a programmed software either published or unpublished is applicable.
A copyright owner has the exclusive right to manage his copyrighted work by reproduction, subaltern work creation, copies distribution and publicly execute or present it.
The protection in this case is limited to the expression form regardless of the subject matter of the programing, so your copymitted software description can not be copied, but other developers can write a description of their own, and any one can make and use a similar one.
So you can conclude that a copyrighted description can not be misleading or deceptive as it was carefully reviewed to be copyrighted.
It's a word, name, symbol or device that refers to the traded ware source and differentiate from other similar ones, a Servicemark is the same but for services, both are referred to as "trademark" and "mark".
The protection in this case is for the user not to be mislead to confusingly use a similar mark ?, but any one can create and sell similar ware or services under a clearly…
Source by Adam Weil
Do you make money and spend it quickly? Take this very short quiz here to see if you are an impulse spender. Please answer these questions truthfully:
1.) Do you live from paycheck to paycheck?
2.) Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?
3.) Is your closet jammed with clothes you do not wear or wear infrequently?
4.) Is you home or apartment cluttered, with items you rarely use?
5.) Do you have jewelry or other body ornaments that are collecting dust?
If the answer to ANY of these questions was "yes", I suggest you wait a full minute, at the minimum, and think about what you might buy, before making any purchases. If the answer to ALL of these questions was "yes", the stores love you and turn on the sale lights when they see you coming. Wait 5 minutes, at the minimum, and think about what you might buy, before making any purchases.
Always put away a portion of your check into savings. Budgeting and setting money goals will help tremendously. Set a limit and budget on how much you will spend monthly on necessities, such as food, transportation and shelter and luxuries, such as another pair of black dress shoes.
Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants. One "want", we splurged on for the children was a popular Nintendo game…
Source by Tina T Willer
Have you been trying to make money online? You've bought product after product each one promising you fabulous wealth and riches. They say all you have to do is buy this new software or program, install it on your computer, run it for a few hours each day, and the sales will start flowing like water going down hill. You spend your $ 37 or $ 47 or $ 97 97 dollars thinking "finally, this is it". After you make your purchase, you get hit with an upsell "buy this and everything will be done for you automatically".
So you pull out your credit card and spend another $ 50 or $ 100 or $ 200 or more dollars. You wait in anticipation for your new business to start cranking out the big bucks for you. But even then, you find you still have to do work, the directions are still complicated and even worse, it does not work as described. Instead of pulling in crisp hundred dollar bills every couple days, you're lucky if you can even make one sale in a month or more.
In the meantime, you're hit with another 50 or 100 emails everyday, each one promising you bigger, better easier, faster and more money. So you forget about the product you bought last month and jump on this new better, improved bigger money maker. And pretty much, the same thing happens again. The big bucks you were expecting just do not come. And a month or two later, you repeat the same cycle again. And every couple months a new product launch takes place promoting easier, faster, more money. And it is…
This morning on NBC's Today show they ran a story on how some "investment advisors" were marketing annuities to older people as a "liquid investment." They are not … liquid, I mean … but that is not what this article is about. This article concerns a convincing ploy that is so well understood that you may actually believe it … and lose a lot of money because of it. I'm writing this article because the story reminded me of how vulnerable and trusting some people are (as well as gullible), and it reminded me of a particularly heinous scam that has been run for decades.
I earned my securities license over 20 years ago, and this "sales technique" (the quotes are there because I did not want to come out and call it what it is – an underhanded abuse of information that can fool even the most ardent investors ) has been around much, much longer. Although ideally ideal for stocks, this same scam can be run on foreign exchanges, commodities, and just about any other instrument that may fluctuate dramatically over time.
Allow me to preface this explanation by saying that I know quite a few people in the securities business, and I am not aware of any of them ever using this technique … but as an active investor in the markets for decades, I have received numerous telephone solicitations utilizing this approach.
Actually, that's probably a good place to begin, so heed this advice: If you have never met the person who is trying to get you to invest, be very wary! …
Source by Steven B Benson
You read that right, I murder the currency markets, I beat them up everyday, I treat it like it was a punk and kick its butt then I laugh all the way to the bank doing it. I snicker at others who say "Investing in the Forex Markets is Tough." Yea, for fools it is. If you have an IQ above 12, then it is pretty much impossible to make a fortune if you have the smallest clue.
Really, you do not have to be a rocket scientist to understand that a currency can only go in one of two directions, up or down. When I looked at that years ago, I thought to myself, "Let me get this straight, I have a 50% chance of selecting a winning trade even if I do not know anything." How can I lose, I said to myself? You can not is the answer.
That is correct sir; you actually break even investing in the currency markets if you blindfold yourself and throw darts at a board when selecting a currency to invest in. So really, how hard can it be? No to hard! Just imagine what your odds increase to if you actually know what your doing, 60%, 65% or maybe 75%? You know what being correct in the currency markets buys you if you reach those percentages? Any thing you want is the answer.
That how it all started rough 10 years ago. When I saw those odds I knew there was no way I was not going to become rich in the FX markets. I said to myself, "I have to learn what I am doing right away." I started researching the internet for Forex courses that could teach me how to select a winning…
I am going to tell you a story here. It is a story often told and I am telling my own version here in the hopes that you. Forex Investor, do not allow yourself to get caught up in a similar story.
"We would line up those long card tables side by side about five tables deep. Beige ones that weighed about three pounds or so. On top of the handset was embossing tape that read "Greed" in red.The mouth of the phone was removed and was replaced with a special confidencer that would only pick up the sound directly from your lips. This made it easy for a boss to stand next to you and pitch loudly into your ear what you were to say to the client. the ears or demonstrating in front of junior brokers who repeated verbatim what they were told to say. "
How does this apply to you. Forex Investor? If you are letting someone else manage your account remember that at the end of the day you have given your money to someone who is no more than a Sales Person. His main concern may only be to tow the Company line. If the trades they are making with your money sound overly risky to you and do not seem to make sense to you than they probably do not make sense. If you get heard up and allow your own greed to combine with the greed of someone else, a dangerous combination has developed. Be wary of boiler room tactics that generate a sense of urgency or "pandemonium" over the phone. Be wary of lines like "Marty that yen is making a move …" Bottom line: Why are you allowing…
I am a stay at home mum with five kids. I do not think I need to say it's things are not going well on the economic front. In the home, I've had to juggle the finances more now than ever before. However i try, whatever I do, I always come up short. I knew I needed another source of income. Before I go further, I will confess to you I was not computer literate until three years ago and started using the internet a year later. As has happened to most people who needed to make more, I turned to the internet.
I was scammed over and over again that I almost cave up. I was not looking to own the internet business place, but just to get my small share to keep life as normal as possible. I had almost given up, when I came across FAP Turbo. As you well know most sales pitch / opt-in pages are "over hyped" with attention grabbing images and colors that hurt your eyes. I just leaned back thinking "not again" when I subconsciously started reading. Not quite halfway, I sat up and paid close attention not because of the 60 days back guarantee or the fantastic figures earned in profits but, because FAP Turbo worked on very small amounts (you could start with $ 50).
I joined FAP Turbo, downloaded the software and found I could trade any one of the two systems in the robot ie daily trading which takes between 6-10 pips up to five times a day or the long term trade where you check monthly or quarterly. I went on daily first with my $ 50 (remember I've been scammed too…
When you work in a restaurant as a waiter you are often asked by guests "what's good here?"
Anyone who has worked as a waiter will tell you, it's an impossible question to answer. Although I happened to love the Steak, a person who is vegetarian obviously would not agree. Some people love to drink wine with their meal. Personally I do not drink. I think you get the idea. So …
The journey for a "perfect broker" is much the same. The absolute "best Broker" does not exist because there'll never be one company that meets the needs for every client. What you do need to do, is make a list of what's important to you and then rank the items in order of importance.
My number one issue is SECURITY. I will not deal with a brokerage where regulatory oversight is non-existent or suspect. This does not mean there's anything wrong with these firms or that they will steal client money. I just want the security of knowing there is a government body overlooking them. Someone to hold them accountable for their actions.
Second on my list is the EXECUTION process. What's the point of having a very good Trading Robot or Automatic Trading System if your broker will not allow you to scalp, or if they trade against you, therefore profiting from your losses. If your broker has a financial incentive to have you lose money, that's not a good working relationship. To have orders placed directly through to their liquidity providers and who is only compensated from the spread…
Source by Josh Branyan