Too Many Currency Trading Platforms To Choose From?

By Rory Delascony

When choosing a currency trading platform key points that you define as your lying criteria are paramount, due to an ever increasing variety of online solutions available to you. This article will help you decide what you need from the eventual platform that you buy.

The key items to look for in your currency trading platform are stability, information and tools. You need your system to be all ways online and available so that you're not at the whim of an Internet connection, you need up-to-date and available information to make informed decisions and finally you need the tools to help digest information and make a decision.

Prepare to be overwhelmed by most currency trading form software as there will be each huge number of helpful indicators to assist you in making trades. These can vary from the simple moving average is right through to using numerous charts and Bollinger/Fibonacci sequences to create the perfect signals. Remember that although this is overwhelming you can never receive too much information when making trading decisions.

The price war be a key issue for many people and as with life generally you get what you pay for some I doubt I can influence you in whether you want to buy a quality product or the cheapest on the market. Personally when dealing with large sums of money and relying on the system I would go with a higher end option.

Another factor on top of the price is that there will be deposits needed in order to meet the margin calls on your accounts with the trading platform. This is needed if you want to trade in forex so there will be no getting away from it, however different services have different deposit rates.

While you are getting used to the new currency trading system I recommend that you take advantage of the demo account that most likely will come free with the software. The last thing you want is to lose money on a real trades because you didn't understand how it all works or some minute normally insignificant piece of information that you needed to learn.

Alternative option to sign up to a diplomat account one of the services is to take advantage of one of the many offers available to new customers, which is to have a free trial period with the service and to see whether you like it and if it is a good solution for you.

Remember that we live in times where anyone can access the Internet from anywhere and starts trading. This is what attracts a lot of people i.e. the laptop on the beach image, and there are a lot of services out there that are willing to take your money and persuade you you can have this lifestyle. Please do make sure that you do a lot of research on them before you choose which one you'd like to use. - 23221

About the Author:

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Markets And The Seasons

By Ahmad Hassam

The day before the Presidents day is the worst day and the day after the Easter is the worst day after. However, you should keep in mind that a lot of other factors also come into play and you have a lot of room for error. The next best holiday bets are the Labor Day and the Memorial Day because they fall before the first day of trading in September and June respectively.

You must have heard about the Santa Claus Rally? Most of the folks usually feel fairly good about themselves around this time of the year. The best time of the year to own stocks is the Santa Claus rally which for all practical purposes is the 17 day stretch from December 21 to January 7. This is the best time of the year.

FED tends to lower interest rates during holidays in order to go into the New Year with less of a worry if the economy is slowing down. There is a low trading volume which tends to exaggerate the trend if the economy is not doing well and is slowing down. However, when you are dealing with seasonality, you should keep these facts in your mind:

1) More and more people have real time access to information and larger amounts of capital than at any time in the past. The market is not longer static. The seasonal effect may get interrupted by other events.

2) At the end of the year, institutional investors want to make their results look as good as possible to their shareholders and tend to buy the stocks and so on. Institutional investors like mutual funds, hedge funds and insurance companies have become important players in the markets. So in case of an event free environment, seasonal tendencies may hold up fairly well.

3) People want quick profits. Many people make a living from investing and trading. These are the times for day traders and swing traders. With fewer people willing to hold stocks for longer periods, it is very difficult to predict seasonality. The days of long term investing or what you call buy and hold are dead! Frequent market crashes have taught the investing public that investing for the long term is fairly risky. So there is more short term trading going on. Value investing is gone and speculation is in.

4) A lot will be written about the recent stock market crash. What were the actual causes of the recent stock market crash? Why so many big banks went belly up in matter of days. What was so special that made this liquidity problem contagious with banks all over the world? The recent market crash was the result of CMO and Default Swaps bringing down the banks and Insurance companies in ways that had not been anticipated or foreseen by the analysts. Many had assumed that derivate securities are safe. Infact they have highly unpredictable tendencies. Derivates and outside the market trading activities can result in highly unpredictable patterns.

Many things are changing. The world is always changing. There is a change in demographics also taking place. With the aging of the population, the overall trend will be towards more income producing investments. So with everyone talking about the seasonal tendencies in the market, it reliability becomes less diminished. - 23221

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. Try This 1500 Pips A Day Forex Signal Service! Know These Candlestick Patterns!

Know These Stop Loss Rules

By Ahmad Hassam

Dont pick an arbitrary place to put your stop loss. Position your stop loss in relation to the market activity. Many traders incorrectly choose a stop so their loss is the same amount each time they are stopped out.

You need to place the stops in accordance with the market conditions. If you use an arbitrary place for your stops, you are completely disregarding the meaningful market support and resistance levels where the stops should be placed.

Is there any rule that can tell you where to put your initial stop loss? Where to place your initial stop loss? Try to set your initial stop 3% below the support level. The important thing in this method is to correctly identify the support area. Test this method and see if it works for you.

Identifying correct support and resistance is very important for a trader. For example, you have a trading system that can determine an entry point. However, your trading system does not provide an exit based on the market dynamics. First you need to identify the support area. Set your stop loss 3% below the support area.

For example, in a bullish trend if you have an area of support at $30, you should set the stop loss at 3% below that. The formula that you will use is $30 (support price)*0.97 (3 percent less) = $29.1 (Initial Stop Loss Level).

Do not use arbitrary stops based on flat dollar amounts that you are willing to lose. For example to say that you are willing to lose $200 in a trade is to disregard the current market conditions.

You are inviting failure if you do not use stops at all. Another good approach to place stop loss can be to set your stop loss one tick below the support in a bullish trend or one tick above the support in a bearish trend.

For example in trading stocks, you are in trouble if you do not use stops and hang on to a losing trade to the point that you emotionally feel that the loss is so large that you cannot exit the trade.

Some markets have sharks in them. For example in the currency market, the brokers have many tricks up their sleeves. In the currency market it is better not to put the stop actually in the market when you have the position on. Some professional currency traders use mental stops only. Your broker will see your stop and if there are enough similar stops, the broker may try and hit your stop. This way the broker makes money and you do not.

In such a market like the currency market, you can set a mental stop and get out quickly if you are hit. But this will need psychological toughness and discipline to get out when you are supposed to get out.

As new trailing stops are determined, you can move your stops to lock in profits. In case you add on to your winning trade by increasing your trade size, you must adjust your stops to keep your risk in relation to your trade size. Never move your stop for emotional reasons especially when it is your initial stop.

When adjusting your stop due to an increase in trade size, always move the stop closer to the current position to lower the risk in relation to your larger trade size. - 23221

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. Try This 1500 Pips A Day Forex Signal Service from heaven! Learn These Candlestick Patterns!

Forex Seminar Dominate Without One

By Scott McDonald

Bored of forex seminars that just aren't feeding you the information you actually need to get your trades off the ground? I sure got sick of it and I needed to find out what tricks the guru's actually used. Not long I soon discovered this one method that they don't want you to know about, in fact they don't want any general public to know about it. This method has turned my trading account into a massive account!

Sure a forex seminar can be useful and you may learn a thing or two from it, but I can tell you what you won't learn from it. How to actually make money like the big traders. They don't want to tell you their secrets in a seminar, then they wouldn't have to send you through their over priced training. This one method that they use and I have discovered has made profitable trade after trade!

A forex seminar can show you the basics and perhaps a little more, but when it comes to the methods that dominate the market and make true money they are not there. The big traders don't like to show their true methods behind their money making system. Find out the methods they try to keep hidden from you!

What a forex seminar has offered me in information were only the first few steps to forex. After discovering a method that blew my fellow traders away, they were open ears to find out how I made such massive profits. Blow you're fellow traders away with the massive revenue you can generate, tell them your secret or keep it to yourself.

Chuck the old forex seminar information out the door and put your foot down to the massive profit generating method that they don't show at any seminar. Be better than the rest and dominate the forex market like you run it! Take yourself to your own success and start by taking action today! Successful people know an opportunity when they see one and take action right away! - 23221

About the Author:

If your trades aren't raking the money you need, you must check out the "Big Wigs" Forex Seminar crushing method. Stop letting the "Big Wigs" feed you lies, take action and find out their untold secrets that a Forex Seminar just won't show you!

Online Grants Are Great Way To Receive Cash Now

By Jake Green

If you are interested in receiving money for a project that you may be thinking about starting then grants may be the answer for you.

If you are an American citizen then you are already eligible to receive grant funding money from the state of from Federal grants or from private foundations.

If you have this citizenship and want money, you can get grant money and never have to worry about paying back banks. Even if you have bad credit, you are still eligible for grant money.

Basically, grants operate in a way that is different from loans and other types of money lending from banks. You do not need to have a credit check or a security deposit or anything else to be eligible for a grant.

All that is required is that you be a US citizen and also that you are an active tax payer. If you fit these requirements, you are eligible to start receiving money through grants.

You never have to repay the money, either, bank loans often come with those strings attached, that you must pay the money back along with great amounts of interest.

Grants, on the other hand, are given with the commitment that you never have to repay the money so that you can use it to continue on in whichever projects you may be interested in starting.

There is nothing to wait for now. The grant money is waiting for you to come claim it. All you have to do is go out there and search for it so let's get it on! Go out and get to it.

You really have nothing to lose since you never have to repay the money so you are really risk free in this endeavor. Go ahead and take a look and get started today. - 23221

About the Author:

To read more about grants, check out Online Grant Pro. Also, check out federal grant information OnlineGrantPro review that is now available for online grants.