Monday, February 21, 2011

Live forex Chart By Etoro

eToro's live forex charts show the historical movements of currency prices. Your visitors can view a free forex chart for each of the nine available currency pairs by choosing the specific pair in the widget. This particular widget is very effective and highly targeted since a free forex chart will be relevant to visitors already familiar with the world of forex.

Sunday, February 20, 2011

Best Forex Trading Time - Profatible Forex Trading Hours

If you are new to Forex Trading and wondering which is the best time for forex trading then you have come to the right place, If you truly want to succeed in forex trading then you should trade in the best time where you have more chances to get more profit.

Best Forex Trading Time

The best Forex trading time is from 8am to 12pm EST.

These are the best Forex Trading hours and and you have better chances to get more profit.! This is the US-European overlap session, which is the time when the world’s two most active trading centers cross as the European session is closing and the US session is opening. It is a small, but very active, window that some currency traders call the “hot zone.” And many professional traders focus their best efforts on trading during those four powerful hours.

Friday, February 18, 2011

The Best Forex Broker - Etoro

For a successful forex trading you need two things, The first thing you need is a clever and well planned strategy, The second thing you need is a good forex broker, Speaking of a good forex broker etoro is one of my favorite forex brokers around.

The platform has actually just won a World Finance Award for the 'Most Innovative Trading Platform 2010', which gives a real indication of just how good it is
Etoro has a learning mode where you can learn who it can be used for forex trading, There is also a full suite of professional tools including online forex charts, graphs, up to the second financial news, trading orders and history.

A practice account can be opened for free and you can start using their platform in real time with virtual money, which is great for novice traders to gain confidence, or develop strategies under real trading conditions.

Click here to sign up for Etoro

Thursday, February 17, 2011

Automated Forex Trading Software - MegaDroid

Megadroib is an ideal choice for one's who are looking to make their forex trading system automated, MegaDroid is the first to use RCTPA technology and is considered to be capable of making very fast trades with 95.82% accuracy. One of the leading problems with the older robots was the inability to open and close the trades fast enough. Since megadroid has only been available to the public for 1 month, there is not a lot of feedback as to how the robot is doing for the general public.

Click here for more information on Megadroid

Wednesday, February 16, 2011

Forex Trading Jargons - Jargons used in Forex

Before you start forex trading you must know forex trading jargons, Without understanding forex trading jargons properly you cannot be a good forex trader.

Major currencies – the 8 most frequently traded currencies (SD, EUR, JPY, GBP, CHF, CAD, NZD and AUD)

Minor currencies – other currencies

Base currency – the first currency in any currency pair. For example, EUR/USD rate, EUR is the quote currency.

Quote/counter currency – the second currency in any currency pair. For example, EUR/USD, USD is the quote currency.

Long(buy), going long – buy (buy the base currency and sell the quote currency)

Short(sell), going short – sell (sell the base currency and buy the quote currency)

Bid – the price the dealer is willing to buy the base currency in exchange of the quote currency

Ask – the price the dealer is willing to sell the base currency in exchange of the quote currency

Spread - the difference between bid and ask (can be regarded as the fee charged by the broker for the transaction)

Pips – the smallest decimal place in the currency. For instance, if EUR/USD is 1.5633, 1 pip means 0.0001. All currencies are measured in pips in Forex.

Lot – it is a unit in Forex trading. The size of a lot varies from $10,000 to $100,000

leverage - regard this as multiplication. For instance, if a broker provides 100x leverage, when you invest $1000, you are actually trading in $100,000 volume. This is the wonder of Forex market, in which you can  earn a lot with little money (due to leverage), but at the same time, lose a lot because of high leverage.

Margin call – if the money in your account falls below a level, your broker will make a margin call and sell all your positions at a loss. To prevent this from happenning, you should have a loss limit or only invest 10-20% of your account balance.

Market order – place a buy/sell order at market price

Limit order – buy/sell at a particular price. Will automatically help you buy/sell when the market price reaches that price.

Stop-loss order – a function that allows you to set the limit of loss. If the market prices go against you over the limit, it will automatically cancel your positions.

Tuesday, February 15, 2011

Automatic Forex Trading Software No Loss Robot

In our previous post we talked about FAPturbo(Automated Forex Trading Software) , despite of it's advantages the only problem with FAPturbo is that it is a bit difficult to use for beginners and absolute beginners may face some trouble while using the software.

This is where no loss robot comes into play, No loss robot is the ultimate option for beginners who want to make their forex trading system automated. No loss robot is new to the market and has started catching lots of attention from beginners. So if you are a absolute beginner than this software is for you.

Click here for more details on No Loss robot

Monday, February 14, 2011

Automated Forex Trading System

If you are looking forward to make your forex trading system automated then Fapturbo is the ultimate choice for you, It has been for around 2007 and has dominated the market since then. Do you think that these Forex Trading millionaires do it all your self, You should be kidding as they use automated forex Trading System.

So what does fap turbo offers?

Fap Turbo offers an average installation experience, a decent price at $140 (sale price), 24/7 support, member-only access, 1 trading license, super fast trading capabilities, tons of proof of success, a 60 day money-back guarantee, dual download options (You can chose the beginner or pro version of the robot)

The only issue with Fap turbo is that it is a bit difficult to use for beginners, but they have support forum where you can get every possible help with the software.

Click here for more details on Fap Turbo