Thread: Looking for Forex and other types of trades

These are the best Forex Trading Tips that should be followed...
1. In the Forex market there will always be bullish and bearish market patterns. It is vital that you find the dominant trends of forex. Never fight the trend. Remember the old adage, "The trend is your friend."
2. Buy the rumor and sell the news. This is how to beat the Big money which counts on the small forex trader to be na?ve and impulsive.
3. If a currency is overbought it is time to get out immediately. Do not fight this as it is almost always a losing position.
4. If you find yourself wishing, you will eventually find yourself losing. If you do not have a reason to be in a move, then get out.
5. If you are having intense relationship stress or are physically sick wait until a better time to trade in the forex market, as emotionally taxing issues WILL have an impact on your trading.
6. If you feel the need to get in a move because it is a "golden opportunity that rarely comes along" you are better off not rushing into it. The truth is that there are always going to be great opportunities available. Be patient.

Achieving success in forex currency exchange trading requires, first and foremost, knowledge on the subject and confidence. These two characteristics make up an achiever in the trade.
In forex currency exchange trading, investors look at currencies in pairs. Usually, these pairs come in EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, EUR/JPY, EUR/GBP, EUR/CHF, USD/NOK, NZD/JPY, GBP/JPY, GBP/NZD, AUD/JPY, CHF/JPY, EUR/AUD, GBP/CHF, NZD/USD, EUR/CAD, CAD/JPY, AUD/NZD, AUD/CAD, and GBP/CAD among others.
How can you earn from it? Forex exchange trading is the buying and selling of currencies. Take, for example, the EUR/USD pair. The rate of euro is, say, 1.50 per one dollar. As an investor, your net move is to buy the euro worth $1000 dollars. If next month, the rate fluctuates, it is high time you resell it.
Sounds easy? Think again. There are still many things to know before you can make forex exchange trading a profitable career. There are two major rules to help you out.
Learn, learn, learn - forex currency exchange trading is not easy. Engaging in forex exchange trading is a big leap. If you do not have enough knowledge on the subject, which includes chart patterns, trends, and moving averages, the chances for losing is great. Try enrolling in a professional forex exchange trading course or get a forex trading software and test how you will fare in the business by creating a dummy account.
Have confidence - Confidence is the number one character a successful forex trader should have. You will be making decision and dealing with other investors, too. If you do not trust yourself enough to make a bold move, your victory will come slow.
To be a winning forex exchange trader, your confidence should be at high level especially in terms of making decisions. This makes knowledge on the matter is an important prerequisite. Otherwise, you are risking too much for nothing in return. Always remember that the reason why you are in forex currency exchange trading is because you want to increase your financial resources and gain full control of your career.
There are many advertisements of demo forex account on many sites (some may appear here too)... just go and open a dummy account check ur skills

Date 01/05/09 time 8.05 am

Hi there,
after reading through ur profile and question i can safely say this about the scheme u r talking about that such abound to take advantage of novice traders or people who get carried away by the greed for a quick buck. Remember that action and its output r directly related, for if by just sitting u were to get 25% per month then it is a sad commentary on all like me who make a living consulting.
If u r truly interested in making decent and consistent returns then i would say that u should first chalk down the amount of time u can spare, remember returns r commensurate with the inputs, inputs hae to be understood both in terms of money and the time u devote to it.
If u would like to know more about how to earn decent and consistent returns pls get in touch with me on my email id: phoenix_diary@yahoo.com or here as i will be starting by column again after a shart hiatus.