Spot Forex Trading Part 5: The Forex Heatmap ! forex signals

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This article is Part 5 of a series of 9 articles dedicated to help anyone to trade the foreign exchange.
The Forex Heatmap gives a spot forex trader an easy-to-interpret forex data visualization tool that organizes the data from 20 currency pairs into color-coded results for fast and accurate entry decisions.
The majority of forex traders don’t know the condition of the market when they enter a spot forex trade.
There are two reasons for this. The first one is ignorance. Most forex traders trade one pair like the EUR/USD and are looking at off-the-shelf standard technical indicators on one timeframe. They continuously force trades into the EUR/USD when there is no trade there at all. In the meantime other pairs are moving hundreds of pips, they simply cannot see the larger picture.
The second reason is that once a forex trader has decided that they to want to know the condition of the entire forex market when they enter a trade, or that they want to trade the best currency pair available, they see that it is not possible because up to now there were no good quality market forex scanners are available. When a forex trader searches for such a tool that gives them a picture of the market they find that a tool like this may not exist.
This is where the Forex Heatmap enters the picture. The Forex Heatmap quickly and conveniently verifies your entry decision into a spot forex trade across 20 pairs. Trading accuracy improves dramatically and you will also know when to NOT enter a trade.
Typically at the point of entry the spot forex trader must worry about placing the trade and making sure that the correct pair and direction are entered on the trading execution platform while watching a price chart. There simply is not time to click on the charts from many pairs to verify the entry decision or the overall market condition and this is where mistakes happen and emotion takes over. Traders need a quick entry verification tool that streamlines the entry decision process and speed is critical.
The Forex Heatmap solves all of these problems. It is a dynamic visual tool that consolidates the data from 20 currency pairs using real time data and translates the data into a visual map. When you combine the Forex Heatmap with a simple trading plan, knowledge of support and resistance, parallel and inverse analysis, and the direction of the trend you now have a powerful combination of high quality analytical and decision making tools for trading. Emotional trading gives way to logical trading. The full potential of 20 currency pairs is now yours not just the one or two currency pairs you have focused on in the past.
Heatmap technology is becoming more common in business, financial and technology, and the Forex Heatmap is leading the way to create successful spot forex traders.
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ABOUT THE AUTHOR

Mark Mc Donnell is the lead trading plan writer for www.forexearlywarning.com, an inexpensive trading plans service available to all spot forex traders. He has many years of experience trading stocks, equity options and the spot forex. He has spent the last four years of his career devoted solely in studying the movements of the spot forex, conducting trend analysis, and determining how this impacts retail level forex traders. Mark is also the developer of www.theforexheatmap.com, which monitors 20 currency pairs in real time and tells you the best pair to trade. © Copyright 2007

Forex trading, what the hype is all about ! forex signal dashboard

When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency. For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets. Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection. If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.
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How to use Easy Forex Brokerage Firm to Triple Your Online Trading Profits ! forex signal

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As many of you might already know Easy Forex Brokerage Firm is one of the worlds largest online currency trading platforms, if not the largest. But, did you also know that with Easy Forex you can also trade commodities, such as oil and gold. Why is that important, well if you don't care about making money it is not that significant, but if you do, it is vital.
If you specialize in the US dollar, as I do, then you would have noticed the very tight correlation between gold prices and the dollar, as well as oil prices and the dollar. This presented a huge money making possibility dropped right in you lap. Which I am glad to tell you, I was more than happy to take advantage of.

While the rest of the currency traders were making money with the US dollar as the Federal Reserve Bank raised the interest rate to fight inflation thus stretching the dollar, I was making three times as much as they were using Easy Forex Brokerage Firm. I was not only making the same trade as they were with the dollar, but since I knew oil and gold prices would also drop in correlation to the dollars strengthening, I was able to place very profitable risk adverse trades on those commodities. And vice verse also, when the dollar started falling, try and guess what the price of oil and gold were doing? They were rising! And who was there tripling his profits, I was and you will be the next time this trend permits the same trading opportunities.

All of us work very hard at becoming successful Forex traders and take great risk when beginning our adventurous careers trading the currency markets. It is just so sad and so unjust that when finally being presented with huge money just sitting there on the table waiting for us to take it, we either don't have the necessary education or tools to reap the capital gains we deserve.

Easy Forex Brokerage Firm allows you to triple your profits utilizing the techniques I mentioned above while only having one trading platform open. Following this method you are able to simultaneous make trades on the dollar, oil and gold which are executed immediately, thus entering and exiting the market at the exact point your trading signal is received, which vastly increases you cash flow. In order to be a lucrative currency trader over the long term you really MUST have all the best tools available to you and be educated in the use of those tools to maximize your earnings. When you don't possess the best trading implements and training you are just simply cheating yourself and reducing your income potential.




About the Author
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING.

How to Learn Forex Trading using the top rated Forex Educational Courses and Make Money with Them

If you wanted to fly an airplane, would you just jump in the cockpit, take off and hope for best? Of course not, then why do so many people enter the currency markets without obtaining the best possible training possible and learn Forex trading from A to Z? I will tell you why, they don't know what every successful businessperson knows, which is you don't go into business TO SAVE MONEY, YOU GO INTO BUSINESS TO MAKE MONEY!
I am going to tell you another little secret, IT TAKES MONEY TO MAKE MONEY! If you don't have any money, well then trading the currency markets is not for you. But, if you have money, the first thing you do when becoming a currency trader is NOT to start trading. The first thing you do is acquired the very best education possible. I know I am simply stating the obvious, but did you know that 95% of the people that enter the Foreign Exchange Markets NEVER make money.

This is not like we are building a rocket to go to Mars. We are only trading currencies that can only go in one of two directions, UP or DOWN. Gosh, if you blindly threw darts at a chart you would be correct 50% of the time and if you did nothing else you would only need to make more than the commission you pay to the broker to make money. So, you think you need to be right 50% of the time to be make money trading Forex, WRONG, you only need to be correct approximately 20% of the time! Why do you need to be correct only 20% of the time to do your trading on your new yacht you just bought with your profits from Forex? Because you are able to protect your downside risk while maximizing your upside profits.

Since 95% of the people that enter the markets fail to make money, I am sure you are wondering why? I am going to tell you why, they are IDIOTS! They think they can buy a piece of software for $100 that's going to make them millionaires. Guess what, if it would make you a millionaire, it is not going to cost $100!

I have been trading the currency markets for what seems like forever and I am going to tell you the THREE SECETS to making huge profits. The first is money management, the second is risk avoidance and the third is to not get greedy. That is all you have to do, it is easy money. That is of course if you know what you're doing in the first place. If you're an experienced trader and not making what you should or a new comer to the markets, then you need to learn Forex trading by taking one of the many exceptional educational training programs that are available. Do that and follow the three principles I mentioned above and it is virtually impossible not a very lucrative currency trader.



About the Author
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING.

Selecting the Right Forex Broker ! free forex signal and alert

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1) Is the broker I want to use regulated? This is the first question you should be asking yourself and there should be no doubt that they are. All regulated brokers are required to submit financial reports to regulatory authorities. Failing to do so can cause authorities to fine brokers or even end their membership. These rules force Forex brokers to keep financial reports.

Each broker is regulated by local regulatory authorities. For instance, if a broker is based in the United States, they're regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Swiss brokers, however, are regulated by the Swiss Federal Department of Finance (FDF). Using a regulated broker also protects investors because they're able to dispute resolutions.

2) What are the trading conditions like? This question refers to the trading conditions and special features of the trading platform with a Forex broker. Some of the most important factors include:

-Spread - The smaller the spread on currency pairs, the more favorable the conditions are for both traders and investors.

-Platform Execution - This term refers to how quickly and consistently the trades are executed. Many brokers promise fast, transparent executions during normal market conditions.

- Fractional Trading - Some brokers may allow investors and traders to trade on a fractional basis. For example, rather than allowing you to trade full lots of "100,000 units," they let you trade "163,345 units," which is helpful when you're making trades that risk a certain percentage of the balance on each trade.

-Safety of Funds - It's important to make sure that your trading funds are placed in a segregated account or, at the very least, insured for safety.

About the Author
Visit his website at http://www.profitguideforex.com/ for more free forex tips/guides downloads

Forex Tracer Review – Does the Tracer Hold Up To Its Claims? automated forex system trading

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The Forex Tracer is a cutting-edge automated forex trading system that's taking the market by storm. Comparable to other fx trading software systems Forex Tracer requires zero previous experience. All that's needed is a dependable Internet connection. Once you configure forex tracer to work within certain margins it's simply just a matter of letting it run and its complex algorithms will do the rest. But can it actually perform profitable trades?

Forex tracer was developed and tested extensively over an extended period of time and in all kinds of market conditions. According to the software developers by the end of the testing phase it made $25,000 which isn't bad. The other nice thing about this fx trading software is you are able to trade with a "demo account". This allows you to play the markets with what investors like to call "paper trading". It's like playing the markets with monopoly money. This way you can learn the more about how automated forex trading programs work, which margins and strategies work right for your risk tolerance and more.

The best way to approaching any trading platform is to look at its proposal logically. They're offering an automated trading system for a reasonable price. You get to test the markets before investing any real money and there's a 60 day money back guarantee. This means you can simply test out the program see if it really does live up to its claims. If within the 60 days while trading in "demo" mode you cannot make any money then you get your money back simple as that. Best case scenario you immediately see its benefits, the algorithms start making successful trades and you know you can start safely trading with confidence.

Myself I've been tinkering in "demo" mode and I am amazed at its results. I've started to go live and it's exciting to see the program at work. Am I rich? Of course not, but I am starting to turn a profit which is exciting. So if you are lazy like me and would much rather set up a system that can work within the margins you set, then you simply owe it to yourself to check out forex tracer today.

One article isn't really enough to cover all the benefits of this fx trading software, so the best solution is to read my detailed breakdown of this program over at forex tracer review. Here you will find all the facts and information about this exciting trading platform and as well read other user feedback remarks. Original Article Located at www.mybrokerforextrading.com/articles/articles.html


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Forex M.O.D Trading System. Real Trading Techniques For You With This M.O.D System.

In the beginning there were the profits and the Forex M.O.D was there to witness. Reliable profits from trading the forex market are the goal and dream of all forex traders around the globe. Most of them have entered the market in order to have a reliable source of income, high enough that it will allow them to have a life away from the regular office job.

But life is sometimes more complicated than what we initially think, and forex trading is no exception. Though forex basics are far from being complicated to learn, in fact you can learn them in a relatively short time and without worrying if you need a college degree to be able to dominate the definitions and concepts of this field; once you have learned the basics you will be confronted with more subtle obstacles in your way to becoming a profitable forex trader.

Soon you will realize that you won´t only need to understand how the currency markets work but you will also need a system or strategy that will let you identify the correct currency pairs and timing to enter your trades with a high probability of these being successful and able to put some cash in your pocket.

So you need a system, a trading system that is all the reliable it can be. Here is where the Forex M.O.D System enters in this scene. First of all, you won´t become a millionaire overnight by the simple action of using it in your trading. You must be rational and be realistic on how much you will advance in building your account from your trading. All good things in life take time, but they may take an eternity if you walk in the wrong direction. So the M.O.D system can show you the north on your journey. Without the hype of some other systems, the M.O.D is among the best systems you can find and apply these days.

It will show you:

- 3 Real Rules for Successful Trading.

- How to Apply the Famous Phrase “Trade With The Trend”.

- The Only 4 Indicators You Should Use to Pin Point The Best Trades.

- Some Nature´s Laws That Apply In Forex and That You May Have Never Imagined Were There.

And some extra stuff that will really transform the way you trade and let you appreciate the real value of the Forex M.O.D system and how much good it will do to your trading.

Forex Trading can be highly profitable. You can work from anywhere and still make a very good income. You just need to know the basics and have a good trading system. If you want to start with the right foot, consider using this great Forex Trading System.


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Course on Forex Trading

The term used to describe the trading of the currencies of the various countries of the world is called foreign exchange, forex or just FX. More than 1.5 trillion USD worth trade activities are conducted in the worlds largest forex market. The forex trade is not conducted by a central exchange unlike stock trading. Telephone or electronic networks are used to connect the two counterparts all over the world to make a trade. Moreover the forex market offers several advantages over equities trading.

Moneymaking or wealth creation is the main goal behind any trade. The opportunities in FX are boundless and it far exceeds the slim margins and picks of other markets like equity or share trading. Moreover the risk involved is also much less and to top it all forex trading can be conducted 24 hours a day. There are always buyers and sellers available, who make this trade more liquid and stable among all others. The banks too provide liquidity to investors, companies and institutions.

Just like any other financial instrument forex trading also involves a deep analysis about the fundamental and technical truths associated with the trade. Keeping in mind the general interest of traders looking forward to invest in forex, many forex trading courses are available. The main aim of this Forex Trading Course is to impart the necessary knowledge about the fundamental procedures and tips on better and professional trading policies.

Forex trading courses offer valuable information related to the impacts on global currencies, market risks, market trends etc. it not only benefits the new trader who wants to set foot on alien grounds, but also the existing investors who wish to brush up their tricks of the trade. All the aspects of the forex trading, using the latest software’s and tools are what the Forex Trading course material is comprised of. Step by step guidance on trade environments, technical analysis, risk management, trading rules, global markets, economic and market indication etc are provided along with the hands on practical guidance from the experienced tutors from all around the globe.

Many factors are to be considered before you make a decision to do Forex trading course. ‘Knowledge is power’ for all our daily diplomatic living. Knowledge on what we do and how we do, especially trading will not only enhance our business dealings but will also allow us to differentiate and track down market conditions. Managing our finance wisely will save us the fear and anxiety about our unpredictable and meek future. Forex trading courses often outline these basic business strategies in their course material.

Forex trading courses are available as online courses and also through printed books. Free tutorials and financial guidance is also provided by many web sites. Choosing a professional Forex Trading Course will provide you with details on
• The best time to trade specific currencies like Euro
• How to anticipate movements and trends in the global market
• Which pairs of currency to trade
• Best time to enter the forex market
• Market conditions and tips about efficient trading from experts
• Technical indicators
Overall a forex trading course should be a complete currency trading solution for all the queries regarding forex and its effective trading options.

Article Tags: Forex Trading Course, Stock Trading, Forex Market, Global Market, Forex Trade, Currency Trading Solution, Forex Training Course

Article Source: http://www.articlesbase.com/finance-articles/course-on-forex-trading-126662.html

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The article is Written By Forex Training School which is specialized in offering Forex Training Course.

Forex Signal Provider? Which One?

So you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you watching business news in the morning paper and following CNBC channel to be on the top with latest information from exchange market. You trading your demo account trying to figure out how to make it all work? So? Does it? No?
Face the fact that in currency market all is possible and there is no golden rule to follow. There are so many aspects to consider that you will need at least another head to set this puzzle together.
But do not worry there is a hope that can make it work.
Signal solutions for forex trading. People who traded forex for a long time and developed their own systems to enter and exit with profit strategies. They will share this knowledge with you for varieties of prices from usd49 to usd499 a month for those precious information. Problem is which one will suit you best. Are they scams? How do I know?
For medium advanced forex trader is almost impossible to choose proper forex signal system, which is not a scam, or at least not profitable. There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success.
Advice is that you will have to establish what type of trader are you? Do you want to trade quickly or maybe over the days or weeks? What losses can you manage and how much money you want to invest.
As long as you know al that it is a time to pick up signal trade provider.
Few things worth researching are: performance, service offered and rewievs of the signal. Search on forum for another users of the product you are interested in and ask for comment. Every profitable system should be up on collective2 with real track performance. Look for service offered. You will quickly find out that only few offer free trail-option to try signals before you pay. Demand performance evidence.
But while doing all that hard work choosing your automat forex signal system remember that you will have to totally follow it without exceptions to make most out of it. Any even small innovation may have dramatic results in your own gains.
Remember that your future profits will depend on your signal provider so calculate carefully and make smart decisions.

Article Tags: FOREX, Forex Signals, Forex Signal, Forex Trade

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Using Forex Charts To Succeed With Currency Trades

It is important to remember that when reading Forex charts, that there are two basic approaches for online Forex trading. These approaches are known as the fundamental analysis approach and the technical analysis approach. The fundamental analysis approach does not rely on the standard Forex charts that one often sees on Forex Websites. This type of analysis relies on both political and economic factors to help determine which trades to make. Charts used for fundamental analysis are only used as a point of reference, and not a means of making a decision. Technical analysis on the other hand will try to forecast where the prices are going by analysis of historical price activity. In essence, those traders who use technical analysis study the relationship between the price of currency and the time of that price.

The commonest traded pair of currencies are the common European currency, the Euro, and the American dollar. So by way of an example, we will use this pairing to help us illustrate how Forex Traders look at this information. In this example, the dollar is on the right hand side of the chart and the Euro is on the left hand side. The currencies being traded are expressed in relationship to each other in a pairing. Forex charges will always show how much of the currency on the right hand side is necessary to buy a unit of the currency on the left hand side. Looking at the chart you will notice that the number which is highlighted is the last price displayed on a specified date. The time of a change is recorded along the horizontal axis, at the bottom of a chart and the price scale is displayed along the vertical axis along the right hand edge of the chart. The time and the price are often in all caps to help the trader remember that technical analysis is about the relationship between the time and price of the currency at that time.

There are many ways to observe the price and time movement on a Forex chart. Some of these include bars, lines, point and figure, as well as Japanese candle sticks, which is the most popular charting method. With the candle stick method the body of the candle is represented by a fat, red section. Lines project from the top and bottom which are the upper and lower wicks. When you look at all the candles on a chart it is clear that bodies can be different sizes and, occasionally, there is no body at all! The same approach is used with wicks. Candle wicks can be of many different sizes, or there may be no wick at all. The length of the body of the candle and the length of the wick are decided by the price range for the candle. An illustration showing longer candles indicates more price movement during the time that they were open. The pinnacle of a candle wick is the highest price for that currency while the bottom of the wick is the lowest price. A currency (or candle) is bullish when the size of the candle at the close is higher than it was at the open. In plain language this means that there were more buyers than there were sales during the opening time period. On the occasions that candles have no wicks at all, the indication is that the price of the currency opened but then dropped off consistently until it closed.

Forex charts should not be considered a sure fire method for decision making, but they are a tool that can help a trader decide about a trade. Studies reveal that many Forex traders do use charts of some description on a regular basis. Historical trends do have their place in Forex trading as most traders will acknowledge, and using the charts to track historical trends can help a trader in making a decision today.

More often than not, the charts are online rather than on paper. Many companies provide this online service, and by joining a service that provides the charts via the Internet a trader is able to stay very current indeed on currency activity. Charts can be verified on a minute to minute basis. For those who principally do their trading based on historical accuracy this can be a real help. Most Forex traders though use a blend of the two approaches. One could for example, chart historical trends, but also pay close attention to political, cultural and economic events within a nation. You could also use charts or other methods to check and see if a particular political event as a recent historical parallel that can be verified to determine how the currency behaved in past times. Merely following a single system is usually not enough. A trader should also be, to some extent at least, a student of history and of economics. There are numerous tools at your disposal to help you do well with Forex, and using these tools effectively will make you a much better Forex trader.

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Discover the Forex Training that will help you to understand Foreign Currency Charts and use the understanding to get conquor Forex Trading.