Sunday, April 26, 2009

ason Fielder Spills It All... By now you've probably heard about Jason Fielder's 60:30:10 report, and his underground trading "cheat sheet".What you might not know is that 42,327 traders downloaded these two reports in just over six days. There is a very good reason for this, Jason Fielder has long been known inside the "trading inner circle" as a master trader. Ask him anything you want...

I could tell you pages of reasons why Jason is a very special trader. But why not ask him yourself! You can't have over 42,000 people download valuable information without a few questions. Here's what they come up with. Jason and his partner Anthony Trister have decided to hold 2 live "tell-all" webinars before their in-boxes explode! It's all happening next Tuesday, April the 28th, but you must register today to stand a chance of being part of the webinar! Here's is how you do it:

(Live At 1 PM EST)
Forex Triad Webinar 1

(Live At 8 PM EST)
Forex Triad Webinar 2

But wait...Here is where it gets interesting. As soon as you register, you will receive an e-mail that will give you information on how to get a "full scholarship" with Jason Fielder. They promised me that this webinar will pull out all the stops to answer all those questions you may have. Here's some of the things you're going to learn:

-You'll discover how long it takes most traders to get rolling with there trading system, (it's a lot faster that you think), and how many they are releasing (it is a limited number).
-You'll see it live, in action, and hear about all it's phenomenal and truly unique trading benefits.
-You'll also find out when it will be available and for how long (it is a very limited release.) Plus and a whole lot more!

Jason has been kicking around for a longtime, and I think he is someone you should listen to. This it is for one day only...Ok... over the past 10 days or so, I've sent you some very unique Forex trading methods and lessons, compliments of Jason Fielder. You know by now (and so do 42,327 other traders!) what Jason is all about... but, most importantly, you can see that he actually lives Forex trading and doesn't just talk about it.

No way around it... the only way to learn things (no matter what subject) is by having someone who's a professional - not just in teaching but in implementing. Jason's amongst the very few that can take you from "zero to hero" in no time and you'll soon understand why. So... thousands of questions have been asked about Forex Triad over the past 10 days:

What is it?
When will it be released?
What are its capabilities?
How many copies will be released?
How quickly can you learn to implement the systems?
How accurate are they?
Etc., etc.

There is no magic formula that ensures profit on any type of investment. The forex market is no exception to this, but there are some steps you can take when devising your own personal investing plan that will not only make profit a more likely result, but will insulate you somewhat from disaster.

Forex Trading Plan

* Select Your Term: There are three basic time frames within the forex market dealing with the length of time a position in a certain currency is held. They are long term, medium term, and short term. Each has its advantages and disadvantages. The short term position holder, sometimes known as a scalper, will be making rapid fire trades often exchanging currencies back and forth within a single day. The long term trader will hold on to his currency for months or even years. The medium term trader usually holds his positions for a few days or a week. The advantage of the medium term is that it requires the least amount of capital to realize profit. Leverage is only needed to boost that profit, whereas in both long and short term trading, it is needed to both protect the investment, and insure any chance of profit. Although medium term is recommended for the beginning investor, and involves less risk, you need to identify which is right for your personal plan, and stick to it. A plan that tries to use all three at once will most likely lead to confusion.

Forex Trading Plan

* Learn to Use Technical Analysis: The forex market lends itself very well to statistical analysis. Trend following is an example of a type of analysis that can guide the investor in making profitable decisions. Technical analysis of the market includes monitoring price movement as well as a large number of indicators. There are programs available where this large amount of data can be crunched in any way that fits your own individual plan and your own needs. You are going to need to find the right way to access and organize the data required for the execution of your own individual investing strategy.

Forex Trading Plan

* Learn to Perfectly Time Your Trade: One of the features of the forex market is the ability of the investor to insulate himself from drastic market swings. This is partly because of the 24 hour nature of the market. With the exception of weekends, there is a forex market operating somewhere day and night. A good trading plan should include both "stop loss" and "take profit" orders. These are simply instructions to change your currency position when either your profit or your loss reaches a certain point. The stop loss order is more easily understood. This is simply bailing out before things get too bad. The take profit approach usually meets with more resistance, and it is true such an order might prevent you from making even more profit should a volatile change keep propelling the value upward. Volatile is volatile, however, and what goes up fast may come down faster. As you can not monitor your account twenty four hours a day, you want to know that if your profit point is reached while you are soundly sleeping, at least your expected level of profit will be realized.

Forex Trading Plan

One of the biggest advantages of the internet age regarding forex trading is the ability to freely use demo accounts - which are basically virtual forex games. These programs give you a chance to invest virtual money and see how well you do. Once your personal trading plan is formulated, execute it using a demo account. By doing this you will get a chance to see how it works, iron out any bugs, and fine tune your entries and exits, before you risk a single penny. To learn an amazing breakthrough system that can skyrocket your trading profits, go here:

A few days back, I had written a post about Millionaire Traders: Ordinary people who made fortunes trading forex. I talked about Hoosain Harneker: The 10 pips a day trader. He just makes 10 pips daily and has made a fortune trading forex over the years. Now you can also practice making 10 pips daily with this simple forex trading system. First practice how to use these indicators on your demo account. Once you get the feel of it and start making 10 pips with each trade than you can switch over to live trading.

Here’s the trading setup, entry rules, stop loss rules, and exit rules of this system. I truly believe it can potentially generate much more than 10 pips a day…but I’m sure like me, you’re probably sick of those unbelievable claims from the self-proclaimed forex ‘gurus’… You know, promises of 1000 pips a day… trillions of dollars overnight… OK, enough of my rants. Let’s get started right away:

Learn Forex Trading

Why you need to learn forex trading? Forex trading right now is the best home based business opportunity. Forex trading is being called the Recession Proof Business of 21st Century. People all over the world are trading forex to make full time income or extra income. You only need to have a computer and a good internet connection. If you can learn forex trading, you are on your way to financial freedom. People wrongly think forex trading requires a huge start up capital. You can learn forex trading on your demo account and then start live trading with no more than $300.

Learn Forex Trading

Now a few facts that should convince you to learn forex trading. Although most people outside of the financial world consider the New York Stock exchange to be the pinnacle of financial trading, it is the Foreign Exchange (Forex) Market that is the true leader. The Forex Market, as this currency exchange is known, has a volume of around 3.2 trillion United States dollars daily. This staggering amount is over one hundred times larger than the volume of the NYSE.

The market is world wide. It is what is known as an “interbank” market where trades are conducted OTC (over the counter), which means they take place directly between the parties involved in the trade rather than through a central exchange. The main centers for the Forex market are located in Sydney, New York, Tokyo, Frankfurt and London. This allows the market to operate virtually 24 hours a day.

Put simply, the Forex market is based on trading the currency of one country for the currency of another country. The ratio of the value of one currency to the other rises and falls, and this ratio is what fuels the market. The trades consist of the simultaneous buying of one currency, for example, United States Dollars (USD), and the selling of another, i.e. The European Euro (EUR). The most important market in Forex trading is called the “spot market” because trades are executed at once, or "on the spot". There are other elements of Forex trading, such as futures trading, and Forward Outrights, which are slightly more complex than spot trading.

Learn Forex Trading

Advantage of Forex over Stock and Commodity Markets
When one begins to discuss the advantages of investment in the Foreign Currency Exchange Market (Forex) over the Stock or Commodity Market, it is quite easy to sound like a cheerleader and with the same kind of bias. The Forex market offers so many advantages that it is not hard to understand its popularity.

The Forex Market operates 24 hours a day, 5 days a week. It is a truly world wide market, and when the sun goes down in one trading center, it is coming up in another. This is another reason for you to learn forex trading. You can day trade forex or you can become an end of day trader: these are people who currently have 'day' jobs. There is no likelihood that these traders have the time to watch the forex markets 24 hours a day. So forex trading gives you the flexibility to choose the time when you want to trade unlike the stock markets that have fixed trading hours.

The Forex market, although it has its trends and cycles, is not locked in the Bear vs. the Bull market mentality of the Stock Exchange. Since all Forex trades involve the exchange of one currency for another, one currency's hard times opens the door for a profit in another currency. The market is not adversely affected by rising interest rates. When a nation raises rates, generally the currency is strengthened, while rising interest rates tends to depress the stock market. There are many good reasons that should convince you to learn forex trading.

The combined number of different stock issues on the NYSE and NASDAQ exchanges totals 8000. That is a lot of stocks and it is time consuming to keep up with even a portion of them. There are four major currencies, and only about 34 second tier currencies, to consider in the Forex. Brokerage firms do not stand between you and profit in the Forex. Not only are the brokerage and commission fees almost non-existent, but analysts in the Forex tend to actually analyze in the currency market and not dictate or control the rise and fall of the market. When the two markets are compared, the Forex certainly looks like the better investment choice.

Learn Forex Trading

Learn forex trading to do it on your own. Industry experts agree that about 80 percent of the people who trade forex lose. With those odds against you, you need all the help you can get! If you are going to learn forex trading successfully, you need to understand that it requires hard work and, above all, to think of forex trading as a business. You do not need to have an IQ of 160 or be a mathematician or possess superhuman skills to learn forex trading. What you do need to have is a fascination to learn forex trading, patience, discipline, a trading plan, identification of what type of trader you are, risk capital, and the desire to improve your financial life.

Through the development of technology and the Internet, more information is accessible today for the individual speculator than ever before. I sincerely believe a knowledgeable and educated investor is a better trader. So if you are trading forex or are getting ready to learn forex trading, try to work at continually learning what is available to you. Cutting-edge technology will continue to offer more powerful and helpful trading tools to individual traders. It is up to you to learn how to use them to your advantage.

Day trading of financial instruments such as stocks, futures and forex currencies demands quick response to ever changing market conditions. As with any other trading style, in day trading it is more important to preserve your capital from huge losses than to make huge profits from market. A day trader should be aware of fundamental forces and factors which drive the market up and down. Below are some of those important market factors.

  • Performance of Oversea markets: Every market responds positively or negatively to changes in other markets. The opening hours of US and Canadian stock markets are greatly influenced by the performances of European and Asian markets which have (almost) finished trading for that day.
  • Domestic and Overseas Economic News and Data: Day trading includes profiting from very small price changes, and thus any big or small news about a company, market, person, policy change and government can greatly affect any profit making opportunity.
  • Opening Hour Trader Rush: Opening hours of almost all markets is characterized by greater trading volume and volatility. Almost every trader, including individual and institutional traders, wants to react to the news that they have at market openings. There are days where the first hour trend is corrected later on the day and there are also days where the first hour trend is propagated later.
  • Price Changes of Futures Contracts: Spot prices of stocks and currency pairs keep a relationship with futures prices, and vice versa. Whenever the futures price increases, the spot price also increases. Futures trades starts before stock trading and price changes of index futures can be taken as a major indicator of stock market trend changes.
  • Analyst Reports and Ratings and Economics News: These are the major factors which contribute to the price changes after the first hour rush. Most traders try to go with the market and to quick respond to reports like company performances and to rumors.
  • The trading volume decrease at middle hours: The volume of trades decreases greatly at noon hours and the market moves sidewise; usually because of the shortage of new news and reports. Many times prices of instruments (slightly) decrease during these hours.
  • Afternoon Position Closing: Once the market approaches closing, many traders especially day traders, begin to close their open positions to reduce/avoid overnight position holding risks. The scenario is more evident in Friday afternoon hours.

As the forex market is continuous and is global, there is no such opening and closing hour rushes. But there is high volatility increases and decreases during trading hours of European, American and Asian markets.

There are many different advantages to trading forex instead of futures or stocks, such as:

1. Lower Margin Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the stocks, the margin requirements for forex is about 1%. For example, margin required to trade foreign exchange is $1000 for every $100,000. What this means is that trading forex, a currency trader's money can play with 5-times as much value of product as a futures trader's, or 50 times more than a stock trader's. When you are trading on margin, this can be a very profitable way to create an investment strategy, but it's important that you take the time to understand the risks that are involved as well. You should make sure that you fully understand how your margin account is going to work. You will want to be sure that you read the margin agreement between you and your clearing firm. You will also want to talk to your account representative if you have any questions.

The positions that you have in your account could be partially or completely liquidated on the chance that the available margin in your account falls below a predetermined amount. You may not actually get a margin call before your positions are liquidated. Because of this, you should monitor your margin balance on a regular basis and utilize stop-loss orders on every open position to limit downside risk.

2. No Commission and No Exchange Fees When you trade in futures, you have to pay exchange and brokerage fees. Trading forex has the advantage of being commission free. This is far better for you. Currency trading is a worldwide inter-bank market that lets buyers to be matched with sellers in an instant.

Even though you do not have to pay a commission charge to a broker to match the buyer up with the seller, the spread is usually larger than it is when you are trading futures. For example, if you were trading a Japanese Yen/US Dollar pair, forex trade would have about a 3 point spread (worth $30). Trading a JY futures trade would most likely have a spread of 1 point (worth $10) but you would also be charged the broker's commission on top of that. This price could be as low as $10 in-and-out for self-directed online trading, or as high as $50 for full-service trading. It is however, all inclusive pricing though. You are going to have to compare both online forex and your specific futures commission charge to see which commission is the greater one. 3. Limited Risk and Guaranteed Stops When you are trading futures, your risk can be unlimited. For example, if you thought that the prices for Live Cattle were going to continue their upward trend in December 2003, just before the discovery of Mad Cow Disease found in US cattle. The price for it after that fell dramatically, which moved the limit down several days in a row. You would not have been able to leave your position and this could have wiped out the entire equity in your account as a result. As the price just kept on falling, you would have been obligated to find even more money to make up the deficit in your account.

4. Rollover of Positions When futures contracts expire, you have to plan ahead if you are going to rollover your trades. Forex positions expire every two days and you need to rollover each trade just so that you can stay in your position.

5. 24-Hour Marketplace With futures, you are generally limited to trading only during the few hours that each market is open in any one day. If a major news story breaks out when the markets are closed, you will not have a way of getting out of it until the market reopens, which could be many hours away. Forex, on the other hand, is a 24/5 market. The day begins in New York, and follows the sun around the globe through Europe, Asia, Australia and back to the US again. You can trade any time you like Monday-Friday.

6. Free market place Foreign exchange is perhaps the largest market in the world with an average daily volume of US$1.4 trillion. That is 46 times as large as all the futures markets put together! With the huge number of people trading forex around the globe, it is very hard for even governments to control the price of their own currency.

Investing and Trading are not the same thing. The returns you seek, the length of time it takes to achieve those returns, the amount of risk one is prepared to take, and the commitment one can make to monitor the investments dictate the strategy of whether to invest or trade.

Investing

Investing is holding an asset for a longer term, expecting it to increase in value. The most common example is investing in equity mutual funds through a retirement plan. Many of these funds are held for years and are expected to show a substantial appreciation over the long term.

You can also invest in individual stocks and hold them for 6 to 18 months or longer, sometimes much longer. This is referred to as the "buy and hold" strategy.

Real estate would be another example of investing, unless the property is purchased for quick flipping.

Jewelry, art, stamps, and collectibles are still other examples of investing where they are kept for a long time in the hope their value appreciates. Trading

Trading is also investing but the time frame for a return on that investment is a much shorter period, usually a matter of a few days or weeks.

The most obvious example would be day trading where a trader is in and out of a market the same day.

Still other trading takes place over a period from a few days to a few weeks.

Most trading takes place with individual stocks and commodities, with commodity markets being the most predominant vehicle