Sunday, November 30, 2008

Forex Trading - 7 Things I Hate About Forex Funnel

People keep talking about this Forex Funnel like it's the Holy Grail or something. I can't understand why people are giving praises for it. I for one did not like, in fact, I hate Forex Funnel from the day I bought it. These are the 7 things I hate about Forex Funnel:

1. I hate it when they offer me a 60 day money back guarantee for Forex Funnel. Who in their right mind would give out such an insane offer? I know I won't.

2. I hate it when they gave $100 into my live account when I purchased Forex Funnel. Who do they think I am? A poor man who can't afford $100? Again, it's insane, I gave them $97 and they gave me 100 bucks, that's silly. Anyway, their lost.

3. I hate it the way it was so easy to set up. I have a Degree in Information Technology, and yet all my computer skills were not needed, thrown aside like a dirty rag, because it was so easy to set up the Forex Funnel System.

4. I hate it the way it works. I have dedicated years of my free time in learning forex the best I possibly can, and yet all my hard work was not needed by Forex Funnel. I thought I was special, but I'm wrong, everybody who has a brain can work this thing out and make money.

5. I hate it because I envy it. It makes better trades than I do. I used to boast to my wife every time I made a profit (which was seldom). How I impress her much that time. And now, I caught her flirting with Forex Funnel, because it made more profitable trades more than I can, my marriage is ruin.

6. I hate it because it makes money even when I sleep. It's pretty hard to compete with Forex Funnel. No matter how hard I try and work for money, eventually I need rest. But not for Forex Funnel. It works way harder that I possibly could. 24 hours, 7 days a week, well except on weekends and holidays.

7. I hate waking every morning looking at my PC and see how much money have been made. With its cheeky smile, Forex Funnel, boasting its profitable trades to my face as if to tell me that it's better than me. How I wish I could strangle it.

But really, with all this hate I have against Forex Funnel, making hundreds of thousand of dollars a year makes up for it. But I will have my revenge on it, eventually.

If you are venturing into the world Forex Trading, I suggest you learn to "hate" Forex Funnel first. It has made me hating sipping margaritas, while basking under the tropical sun, I'm getting sun burn.

For reviews of the Top Three Automated Trading Software that really works, click here now: - Best Forex Trading System Review.

Specialists work on the floor of the New York Stock Exchange in New York on November 25, 2008. (Lucas Jackson/Reuters)Reuters - Wall Street may struggle this week to build on its best weekly performance in almost 30 years as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.

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Monday, November 17, 2008

Forex Trading That Works

I want to share with you some forex trading advice that will work to help you become a better trader. This business is new and exciting and as you grow as a trader you'll become more profitable.

When should I be trading?

As simple as this may sound, trade when everyone else is trading. I'm not telling you to follow the crowd, but this is a better because there are so many people trading that no one business or bank can manipulate a currency. What is often experienced in low volume times are big banks making these huge trades that end up causing a currency to act differently. This doesn't put you in any advantage, you just have to fall to the mercy of a bank. Stick with the busy times.

What should I watch on the news?

As cliche as it would seem, business networks. CNBC or BNN, whatever your country offers you. The reason is that economic news is released everyday, and it's usually scheduled in the morning. You should be watching this because currencies tend to follow economic news. When things are going good, so is the currency. When things are going bad, so is the currency. Pay particular attention to interest rate changes by the Federal Reserve. These interest rate changes are the central banks way of changing the supply of money in the economy.

This is my forex trading advice that works. Just try to incorporate this all into a daily routine. Keeping it as a routine makes much easier to apply and you'll start acting without thinking or pressuring yourself to do it.

I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

Joseph Sullivan fills out a form at the Verdugo Jobs Center, a partnership with the California Employment Development Department, in Glendale, California November 7, 2008. (Fred Prouser/Reuters)Reuters - The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.

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Sunday, November 9, 2008

Why Forex Trading is Much Better Than Options, Stocks and Futures by a Mile

Some people think that trading stocks, options, and futures is amazing. Well, these markets are pretty bad when compared to the Forex markets for a multitude of reasons. First of all, these markets don't offer 24 hours trading capabilities, and Forex does. Secondly, these markets can and will be cornered by special interest groups. Futures may look attractive, because you can trade mini futures, but you will soon realize that to get a leg up on the competition you need to be insanely educated or have a large amount of money. There is price manipulation in this market and it will beat you all day long.

The stock market requires far too much capital to make a daily living, it is a long term investment vehicle. To make a living off of equities you need a considerable capital investment. You can't buy in with $20,000 and do anything worth writing home about. More likely than not, you will go broke trying to buy some hot penny stock you just heard about. If you buy respectable large capitalization companies, you will only be able to buy a few hundred shares unless you have millions of dollars.

The options markets are interesting, however, once again, unless you have many contracts bought in good positions you are most likely going to be stuck making a couple thousand dollars a year. And these markets, change at the drop of hate with the latest news or an investment houses late day decision to ruin your entire position. Additionally all these markets want commissions on your trades, which totally kills your profit.

Learning to trade the Forex markets with a reputable forex training program. Stay away from robots, they don't work. You need humans.

A logo is pictured on Swiss drug makers Roche plant in Kaiseraugst near Basel, July 21, 2008. (Christian Hartmann/Reuters)Reuters - Roche Holding AG is sticking by its $43.7 billion offer to buy out the rest of Genentech Inc it does not already own, its pharmaceuticals chief said in an interview published on Sunday.

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Wednesday, November 5, 2008

How Anyone Can Learn Forex Trading - How to Trade Online Profitably For Beginners

Anyone can learn forex trading if they want to. If you've never considered how to trade online then you should. Why watch your pension fund climb a measly 7% in a year when you can have more than that in a single day? Find out how in this article.

The Wheels Of The Forex Market

You already have some experience of forex when you buy foreign currency for your vacation. To make money out of it, you need to be able to predict if the price is going up or not.

The great thing is that you only need to understand a little to make a lot of money. Thousands of people do this every day.

Predictable Behaviour

The forex market moves in very predictable ways. Within a very short space of time you can easily learn enough about it to be able to predict some major movements, for instance by looking at chart patterns or watching the daily forex news.

Although it helps to learn as much as you can, what really separates a consistent winner from a consistent loser is not knowledge but discipline.

Logic Over Emotion Always

If you want to learn forex trading and win consistently then you must always use your brain and not your heart or your gut.

Always have a reason to place a trade and never trade because you "have a feeling". Intuition is notoriously inaccurate and many traders have clocked up winning streaks only to lose it all on a single bad trade.

So you must always have a logical reason to trade. As you start to learn basic forex concepts you will easily be able to spot a good opportunity, have a good reason and then place a successful, cash generating trade.

Risk Management

A good reason is not enough. You may spot a pattern in a chart and have reason to believe that the price will move in a specific way but you can never be 100% certain. Even if you are 90% certain, you or I can still get it wrong 10% of the time and you need to be prepared for that.

Every good trader uses something called a "stop" for every order that they make. This is a way of telling the broker that if you get it wrong and the price moves against you then they should reverse your order after a specified backtrace e.g. if it moves against you by 15% or some other percentage.

This way, you can limit your losses to only a small amount and you can live to fight another day. Without a stop, you might have potentially lost everything!

Discover how anyone can easily learn to trade online profitably and get your free forex beginners report and easy forex lessons by clicking here: learn forex trading.

President-elect Sen. Barack Obama (D-IL) faces supporters during his election night victory rally in Chicago, November 4, 2008. (Jim Bourg/Reuters)Reuters - U.S. President-elect Barack Obama stepped into his new role on Wednesday facing calls for urgent action to stem the global financial crisis as he was hit with gloomy news about U.S. jobs and the service sector.

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Monday, November 3, 2008

The Ultimate Forex Autopilot System Review

Are you tired of losing money to the forex market? Are you tired of staying up all night waiting for your trades to trigger? If you have answered yes to either of these questions then please keep reading. I have an amazing new discovery.

I found an amazing forex trading robot call Forex Autopilot. It trades the market 24 hours per day, 5 days per week without interruption.

This new system eliminates the following:

* No more trading on gut feeling
* No more jumping in and out of trades for no reason at all
* Eliminates the nervous feeling of entering a trade

This system will enable you to do the following:

* Trade Comfortably
* Sleep Comfortably
* Earn Tons of Cash

I personally like this system because it is so simple that if you do not have any experience with forex trading, you can still make thousands each day on autopilot. Simply set it and go.

This amazing new forex trading system has been a life saver for many. I have personally traded on the forex market for the past 4 years. I did not have any success whatsoever, until I found this fascinating new system. It's been a real blessing. This system is a must have for anyone who wants to earn some extra cash without doing any work.

If I had to choose between manual trading and putting my trades on autopilot, I'd obviously have to pick trading on autopilot. Forex Autopilot simply makes trading the forex market so much easier. This is a 5 star system.

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Traders work on the floor of the New York Stock Exchange November 3, 2008. (Brendan McDermid/Reuters)Reuters - Stocks ended little changed on Monday as investors picked up bargains on signs of further thawing in credit markets, but were unwilling to place big bets before the presidential election.

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Sunday, November 2, 2008

Automated Forex System Trading

The massive growth in Forex trading can be attributed to two major factors. The first and foremost is the advent of the internet which has literally revolutionized this field. The second one is the availability of many type of software which has automated many of the processes that take place during the trading. Automated Forex system trading is something that is readily available these days and an assumed part of trading in the currency exchange market. All these factors have contributed to an increasing number of individuals confidently entering this highly volatile market to make money.

Automated Forex system trading comes with its own set of advantages. With such systems individuals can now trade round -the-clock. This is along with the impact of the internet which has broken all physical and geographical barriers. One can now sit in any corner of the world and trade in any other part of the world. With such a system you can now access markets around the world very easily and trade whenever you find it convenient.

Another reason for the success of automated Forex system trading is that the entire system can be set up quite easily these days. Such systems come with specialized software that will explore the market for you too. This apart it will also monitor the market constantly and instantly alert you, whenever there are any changes. All that you need to do is to set your preferences and also requests while allowing the system to do the rest. They are being hailed as the best thing to have happened to this industry. More and more people are going in for them. This is especially so in the case of beginners who find them very helpful.

Automated Forex system trading is something that is an individual choice. There may be some individuals who may want to trade in the traditional way. Even these individuals are gradually shifting to the modern software packages that are hitting the market each day. A lot of the beginners use such systems when trying to get a hang of the field of currency exchange, when they are learning about the various intricacies that are involved. They can use them in order to trade without any substantial loss. Rapidly advancing software technology is responsible for bringing about all these changes in the field of currency exchange. The entire process of trading on Forex has become a lot easier thanks to the advent of such products. Any individual aspiring for success in this field would do well to gain substantial knowledge about such products.

To get your complimentary Forex Trading Systems course, or for my personal Forex Trading advice, visit my website by clicking the links.

Traders work on the floor of the New York Stock Exchange, October 30, 2008. (Brendan McDermid/Reuters)Reuters - Wall Street hopes to turn a new page as it heads into November, but this week is littered with hurdles ranging from the U.S. presidential election to a likely gloomy jobs report.

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