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Mobile Forex Trading – Then and Now

Posted on : 14-04-2012 | By : jake | In : Forex on windows vps, Forex Trading

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When mobile Forex trading was first established, it was met by widespread skepticism by traders who weren’t quite ready to abandon their traditional trading platforms and tools. But there’s no question that the mobile Forex trading arena has rapidly evolved, expanding not only to multiple mobile platforms, but also to the advent of widgets and mobile apps that can enhance the trading experience and allow for significant profits in the process.

As a company committed to helping traders trade Forex successfully, DailyForex has joined the mobile revolution by creating a free Forex Android app that allows traders to receive market news and updates wherever they are. Join the thousands of Forex traders who are reading educational Forex articles while in transit and getting the latest Forex signals directly to their phones, so that you won’t feel tied to your desk or miss another opportunity for profit. Gone are the days when traders have to trade blindly or miss trades because they are away from their desks – with today’s mobile Forex trading applications, smart traders can place trades from anywhere, and laugh with their profits all the way to the bank.
Retrieved from:http://www.dailyforex.com/Financial-Humor/2012/04/Mobile-Forex-Trading-Financial-Humor/11537

A Handy Guide For Success When Trading Forex

Posted on : 01-04-2012 | By : jake | In : Forex on windows vps, Forex Trading

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Some people stay far away from Forex because they believe that making the wrong move and losing a single trade is the end of their account. As you’ll learn in the article below, there’s a lot more that goes in to becoming a successful trader than one single move, and thus it takes more than one wrong move to lose. Check out this info.
If you are going to engage in foreign exchange you need to be intimately acquainted with ongoing world events. Debt crisis in Europe affect not only inter-European currencies, but also all currencies around the globe. News events will drastically effect your currency exchange rates so you should sign up for news sites instant alerts to be notified of any big events.
With market increases your position should lengthen, not double. Buy fewer currency units and make smaller and smaller additions as you move upward. Don’t keep piling money on, if you aren’t getting a good return. If you are in a losing position, don’t pyramid your losses. Exercise a modicum of self-restraint.
Do not take the financial media too seriously. Conventional wisdom and media are not always on the side of the trader. Many media outlets simply want a big story, so they will blow small losses way out of proportion. Do not let them make you feel as though you are in a negative market when you see a positive one.
Just because someone uses a forex trading technique and it works for them doesn’t mean it will work for you. People have strategies that fit their own personality, like trading quickly on short charts to keep their momentum up. If you like to take a slow and steady pace, that person’s rules won’t work for you. Figure out your own trading strategies and work with them.
If you are just starting out in forex trading, it is important to set up your account with “stop orders”. These stop your trades at a point when you start losing significant amounts of money, in order to limit your losses. Limiting your losses is important to make sure that you don’t lose more money in investing than you actually have in the bank.
Work smarter, not harder. While in many cases, you must do both, Forex is an example of brains over brawn. The more you learn about the market, the better you will become at trading. Finding the best tools and markets is all about your education and the more you learn about them, the faster you will succeed.
The best forex trading methods are also the simplest. A more complicated trading method is not more likely to be successful than a simple one. All a complicated trading method will do is confuse you, leading you to mistrust your plan, overextend your account, and eventually suffer major losses of capital.
You need to analyze historical data to get a better idea about how the market works. Once you take the time to revisit previous charts, you will be able to find a pattern that may happen to the indicators when it occurs again. It will help you create a great trading plan with successful entry and exit conditions.
Trade the trends properly. Learning to recognize a market trend takes some patience, knowledge and experience. Once you develop a good degree of success in identifying upward trends and downward trends, learn where to enter trades. In an upward trending market, buy in the market dips. In a downward-trending market, sell when it bounces.
Never rush too quickly for the gold out there. Unlike San Francisco in the mid 1800s, the wealth on Forex isn’t going to dry up. It’s important to be patient and to learn about the market before you attempt to make a profit. Being ready to capitalize on opportunity with a skilled hand is how you make money in this market.
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Retrieved from:http://blog.knowledgeicon.com/?p=1522

Forex Trading Overview: An Easy to Follow Guide to Trading Forex

Posted on : 01-04-2012 | By : jake | In : Forex on windows vps, Forex Trading

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Forex trading is the act of simultaneously buying one currency, whilst selling another at an agreed exchange price with the aim of making a profit.

Foreign exchange is the most liquid market in the world, with an average volume of USD 4 trillion per day. When compared to the New York Stock Exchange, which has an average daily turnover of approximately USD 50 billion; it is clear to see just how popular forex is.

Forex, also known as foreign exchange, retail forex and simply FX- is also the largest financial market in the world.

This easy to follow guide offers you a comprehensive overview of why traders choose to trade the forex markets and the major currency pairs available to traders choosing a City Index forex trading account.

Why choose FX trading

The foreign exchange market and price movements are largely influenced by international trade and investment flows, and in particular the latter – price movements – are influenced by economic and political conditions, including interest rates, inflation, and political instability.

Currency prices constantly fluctuate in value against each other; opening up multiple trading opportunities for forex traders.

With this in mind, it is important to consider the impact that economic and political conditions have on currency prices, which are commonly short-term and follow market news and apply technical and fundamental analysis.

Major Forex Currency Pairs

A major currency pair is one of the most liquid currencies. For example, they are the most actively traded currencies in the world.

Major currency pairs make up around 85% of the total trading volume in the foreign exchange market.

With comparably tighter spreads than the lesser traded ‘minor’ currency pairs, the most traded currency is the EUR/USD.

Here are other examples of major currency pairs available through City Index:

Euro vs. US dollar (EUR/USD)

US dollar vs. Japanese yen (USD/JPY)

British pound vs. US dollar (GBP/USD)

Australian dollar vs. US dollar (AUD/USD)

US dollar vs. Swiss franc (USD/CHF)

US dollar vs. Canadian dollar (USD/CAD)

Summary

FX trading with City Index opens up multiple opportunities for traders wanting exposure to the largest financial market in the world.

However, trading on margin carries high risk and may not be suitable for some investors. The possibility exists that you could lose some or all of your investments, including your initial deposits.

Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully.

About City Index: Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform. As a group, we transact in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
Retrieved from:http://www.marketwatch.com/story/forex-trading-overview-an-easy-to-follow-guide-to-trading-forex-2012-03-21

ThinkForex MT4 Android Trader

Posted on : 01-04-2012 | By : jake | In : Forex Mobile Trading, Forex on windows vps, Forex Trading, Forex Trading Android

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Stay in tune with the forex market while trading with flexibility and security using the ThinkForex MT4 Android Trader. Available in 10 languages, the Android Mobile Trader delivers the power to trade at your convenience with the familiar features of the MetaTrader 4 client terminal.

The ThinkForex MetaTrader 4 Android Trader assures you that the forex market is easily available at the touch of a button. Take full control of your trading today – Download the ThinkForex MetaTrader 4 Android Trader now!

Latest version: v2.11 (for Android version 2.1 and higher)
Retrieved from : http://www.appbrain.com/app/thinkforex-mt4-android-trader/com.thinkforex.trader

LITEFOREX: MOBILE VERSION OF METATRADER 4 FOR IPHONE AND IPAD

Posted on : 01-04-2012 | By : jake | In : Forex Mobile Trading, Forex on windows vps, Forex Trading, Forex Trading iphone

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There is another piece of good news for those clients of LiteForex who prefer to trade on the financial markets by use of their IPhones and the most popular trading platform MetaTrader 4.

Now, you can conduct transactions fast and easily as well as place orders and follow financial news in MT4 terminal right from your mobile device iPhone or iPad. Thanks to the new application MetaTrader 4 by MetaQuotes Software that has replaced LiteFx iTrader by Xogee Limited, mobile trading becomes even more functional for LiteForex’s clients. MT4 trading platform for IPhones and iPads offers you one-touch access to all the financial markets.

Download MetaTrader 4 to your iPhone or IPad and enjoy comfortable work on the Forex market anytime and anywhere.

Retrieved from : http://www.liteforex.com/trading/detail/company-news/15016/