Forex Trading is not easy and you wouldn't expect it to be with the rewards on offer - but if you can get the right Forex education and mindset, you can become a profitable trader in just 2 weeks. Here's how...
My inspiration for writing this article was an experiment conducted By trading legend Richard Dennis, who taught a group of people with no trading experience to trade in just 14 days and they went on to make $100 million in just a few years!
Ok you may not become as successful as them - but its true that anyone can learn to trade Forex and do it quickly.
To win in Forex is not easy that's why 95% of traders fail - but it doesn't involve working hard or being clever - it involves, working smart and that means avoiding all the myths, getting the right Forex education and more importantly, having the right mindset.
It's a fact anyone can learn Forex trading but most people simply cannot get the right mindset for success and further explanation will make this clearer.
The easy bit first!
Is your method and it should be simple, as simple systems work best and always have, as they are more robust. There is no point in applying complicated methods which break; you don't get rewarded for being clever or complicated in Forex, you get rewarded for having a simple robust system.
My recommendation is to use a long term, trend following, breakout methodology which I have written about in other articles, so look them up.
The Hard Bit!
Is applying your method with discipline.
This means executing your trading method, through periods of losses until you hit profits again and this is hard. You are going to look foolish in a losing period, as the market wrong foots you, again and again and you need to have the confidence in your method to keep going with discipline and keep your emotions out.
This is hard and comes from inner confidence in what you are doing, that's why you cannot buy success from someone else - success comes from within. Of course you can do it - but you need to learn to lose cheerfully and keep your losses small and keep your eyes on the long term and hold your head and keep your emotions in check as you lose.
In around 2 weeks, it's easily possible to become a competent Forex trader and the gurus, who tell you that you have to work hard and keep learning, or follow their systems are dead wrong - you don't.
You just need the right Forex education and a disciplined mindset. Sure it's not easy but anyone can do it and with the huge rewards on offer, its well worth the time and effort TO give you the opportunity to make a great second or even life changing income!
So keep it simple, get the right mindset and you can win.
NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential info on how to Become a Forex Trader visit our website at: http://www.learncurrencytradingonline.com
Article Source: http://EzineArticles.com/?expert=Kelly_Price
Monday, November 17, 2008
Friday, November 14, 2008
What Are Hedge Funds?
Hedge funds are similar to mutual funds but with several important differences. First, hedge funds are private funds that are typically only open to wealthy, experienced investors. Second, these funds generally take on higher risk using a variety of strategies with the goal of gaining a higher return than mutual funds. Third, hedge funds are not regulated by the U.S. government, giving them more flexibility but less transparency to the public.
Hedging Definition
The word "hedge" in hedge funds is somewhat misleading at the present time. Hedging is a way to reduce risk in an investment. The first hedge fund was created around 1949, with the idea of reducing the overall market's affect on a single asset. Whether the market goes up or down, the value of the hedged asset should not change very much, ideally. However, modern hedge funds do not necessarily reduce risk or use hedging methods. They may use the added leverage of hedging techniques to hope for very large gains. This, of course, can also lead to higher losses.
Example of Hedging
One way to "hedge your bets" on a stock is by going long on Company A and short selling Company B in the same industry, with the same dollar amount invested in each one. That way, if the industry gets upgraded, A and B will both go up in price. The value of investment A goes up but the value of investment B goes down because of the way short selling works and effectively cancels out the upgrade news. The same idea would be true of a downgrade. Keep in mind this is a theoretical idea and market prices often do not match what the public would expect. In this example, A and B might not exactly cancel each other out because one company would move more than the other, which could be good or bad.
Hedge Fund Varieties
Now that you have an idea of how hedging works, it is important to note that there are hundreds or thousands of ways to use hedging to reduce risk and/or increase potential profits. That is why there are an estimated 8,000 or more hedge funds around the world, each with unique strategies and risk levels. These funds invest in a wide variety of instruments, including, but not limited to, stocks, commodities, futures, options, and even other hedge funds.
Who Can Join Them
Not everyone can join a hedge fund. They commonly require the investor to have a net worth of $1 million or more, extensive investment experience, and an acceptance of high risk. These requirements make the funds sound like strict, exclusive investment clubs, but there is a good reason for it. The U.S. government has many regulations on investment firms, which would normally prohibit some of the trading techniques used by hedge funds. However, there are some exceptions to these regulations, and hedge funds operate the way they do by legally taking advantage of these exceptions. So the funds' requirements are often no more than the government's requirements for these special situations.
Transparency
Since hedge funds are not really regulated by the government, they are not required to make their activities public knowledge. When the investor joins the fund, he or she is given documentation on the fund's goals and strategies. After that, the value of the shares or interests in the fund are usually not updated on a daily basis but they may be requested on a regular basis. A profit or loss is not locked in until the shares or interests are sold back to the investment manager, and dividends are not usually paid either. Also noteworthy is that the shares or interests are usually not exchanged between investors in a fund. Finding a list of hedge funds might also be difficult because the U.S. government has restrictions on the marketing the funds can perform, which makes it even more difficult for investors to find a good one. The good news is that several major financial publications often list the top known hedge fund performers on a regular basis.
Risk and Reward
Given the fact that there is little public knowledge about hedge fund performance, it is difficult to say what the average profit or loss is every year for the industry. Compounding this problem is the fact that troubled funds often shut down completely and start up again under a different name. One main goal of hedge funds is to deliver a higher return than mutual funds. Whether that is achieved or not on a regular basis by the average fund is difficult to say because of this lack of transparency. The amount of risk could also be much higher than a mutual fund because of the leveraging techniques used and the lack of government regulations. This is why the investors are required to have plenty of money and a willingness to lose a lot of it.
Nicholas Swezey helps people Find Stocks on his site, http://www.HowTheMarketWorks.com
Article Source: http://EzineArticles.com/?expert=Nicholas_Swezey
Hedging Definition
The word "hedge" in hedge funds is somewhat misleading at the present time. Hedging is a way to reduce risk in an investment. The first hedge fund was created around 1949, with the idea of reducing the overall market's affect on a single asset. Whether the market goes up or down, the value of the hedged asset should not change very much, ideally. However, modern hedge funds do not necessarily reduce risk or use hedging methods. They may use the added leverage of hedging techniques to hope for very large gains. This, of course, can also lead to higher losses.
Example of Hedging
One way to "hedge your bets" on a stock is by going long on Company A and short selling Company B in the same industry, with the same dollar amount invested in each one. That way, if the industry gets upgraded, A and B will both go up in price. The value of investment A goes up but the value of investment B goes down because of the way short selling works and effectively cancels out the upgrade news. The same idea would be true of a downgrade. Keep in mind this is a theoretical idea and market prices often do not match what the public would expect. In this example, A and B might not exactly cancel each other out because one company would move more than the other, which could be good or bad.
Hedge Fund Varieties
Now that you have an idea of how hedging works, it is important to note that there are hundreds or thousands of ways to use hedging to reduce risk and/or increase potential profits. That is why there are an estimated 8,000 or more hedge funds around the world, each with unique strategies and risk levels. These funds invest in a wide variety of instruments, including, but not limited to, stocks, commodities, futures, options, and even other hedge funds.
Who Can Join Them
Not everyone can join a hedge fund. They commonly require the investor to have a net worth of $1 million or more, extensive investment experience, and an acceptance of high risk. These requirements make the funds sound like strict, exclusive investment clubs, but there is a good reason for it. The U.S. government has many regulations on investment firms, which would normally prohibit some of the trading techniques used by hedge funds. However, there are some exceptions to these regulations, and hedge funds operate the way they do by legally taking advantage of these exceptions. So the funds' requirements are often no more than the government's requirements for these special situations.
Transparency
Since hedge funds are not really regulated by the government, they are not required to make their activities public knowledge. When the investor joins the fund, he or she is given documentation on the fund's goals and strategies. After that, the value of the shares or interests in the fund are usually not updated on a daily basis but they may be requested on a regular basis. A profit or loss is not locked in until the shares or interests are sold back to the investment manager, and dividends are not usually paid either. Also noteworthy is that the shares or interests are usually not exchanged between investors in a fund. Finding a list of hedge funds might also be difficult because the U.S. government has restrictions on the marketing the funds can perform, which makes it even more difficult for investors to find a good one. The good news is that several major financial publications often list the top known hedge fund performers on a regular basis.
Risk and Reward
Given the fact that there is little public knowledge about hedge fund performance, it is difficult to say what the average profit or loss is every year for the industry. Compounding this problem is the fact that troubled funds often shut down completely and start up again under a different name. One main goal of hedge funds is to deliver a higher return than mutual funds. Whether that is achieved or not on a regular basis by the average fund is difficult to say because of this lack of transparency. The amount of risk could also be much higher than a mutual fund because of the leveraging techniques used and the lack of government regulations. This is why the investors are required to have plenty of money and a willingness to lose a lot of it.
Nicholas Swezey helps people Find Stocks on his site, http://www.HowTheMarketWorks.com
Article Source: http://EzineArticles.com/?expert=Nicholas_Swezey
Friday, November 7, 2008
The Forex Program Which Helps you Learn Currency Trading the Quickest and Makes the Best Profits by William R. Alheim, Jr., CPA, MA
There are many different types of Forex programs that are sold today to private investors entering the currency markets looking to make money. I personally prefer the simplest method possible that consistently makes money. Are you aware of the fact that most millionaires have found only one or a few ways of making small profits and simply repeat them constantly until those small profits when multiplied become huge profits? Taking the time to learn Forex trading and a specific method of trading is exactly the way most professional Forex traders became as rich as they are.
Most of the really simple methods of trading Forex are developed and marketed by self taught gurus who have found one way of trading that makes money over and over. These are extremely easy to learn and replicate. You simply do exactly like they teach you in the course and there really is no decision making required on your part. Some of these teach you to trade a specific currency at a specific time of day if an indicator is focused in the correct direction. The professor for this Forex program states, "If he did not make enough money in the morning trade, he simple repeats the process in the afternoon." This courses students swear by his very easy to learn and to duplicate routine to a point where they are almost a cult following.
I personally have tried this approach and found it so unbelievably easy that it is amazing. Of course, as a professional Forex trader I have much more sophisticated methods of generating larger profits. The trouble with my methods is the learning curve it would take a new currency investor to be up and running with them. Where as with his approach, you learn a little about the Forex markets and his way of trading and with in a few days you are actually make real good money.
I am just so tired of receiving emails from my newsletter subscribers telling me that they can't make any money in the Forex markets. I send and email back and ask them if they have signed up for any of the courses I suggested and nine out of ten times the answer is no. They will email back, I bought one of the Forex software trading systems you told me about though. I just want to hit them on the head with a hammer and tell them not to email me anymore, but they still do.
How can you possibly make money doing something, if you don't know what you're doing? You can't is the answer. If you are not making money in the currency markets it is nobody else's fault but your own. I just told you about a very simple Forex program I could teach a ten year old kid to do that will if nothing else makes you a profitable trader. And if you stick to the method, don't try to expand on it and stay consistent with it. You will be just like the millionaires I told you about, who found one approach to doing something that makes a little money and you simply repeat it over and over.
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. Good Luck!
Most of the really simple methods of trading Forex are developed and marketed by self taught gurus who have found one way of trading that makes money over and over. These are extremely easy to learn and replicate. You simply do exactly like they teach you in the course and there really is no decision making required on your part. Some of these teach you to trade a specific currency at a specific time of day if an indicator is focused in the correct direction. The professor for this Forex program states, "If he did not make enough money in the morning trade, he simple repeats the process in the afternoon." This courses students swear by his very easy to learn and to duplicate routine to a point where they are almost a cult following.
I personally have tried this approach and found it so unbelievably easy that it is amazing. Of course, as a professional Forex trader I have much more sophisticated methods of generating larger profits. The trouble with my methods is the learning curve it would take a new currency investor to be up and running with them. Where as with his approach, you learn a little about the Forex markets and his way of trading and with in a few days you are actually make real good money.
I am just so tired of receiving emails from my newsletter subscribers telling me that they can't make any money in the Forex markets. I send and email back and ask them if they have signed up for any of the courses I suggested and nine out of ten times the answer is no. They will email back, I bought one of the Forex software trading systems you told me about though. I just want to hit them on the head with a hammer and tell them not to email me anymore, but they still do.
How can you possibly make money doing something, if you don't know what you're doing? You can't is the answer. If you are not making money in the currency markets it is nobody else's fault but your own. I just told you about a very simple Forex program I could teach a ten year old kid to do that will if nothing else makes you a profitable trader. And if you stick to the method, don't try to expand on it and stay consistent with it. You will be just like the millionaires I told you about, who found one approach to doing something that makes a little money and you simply repeat it over and over.
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. Good Luck!
Wednesday, November 5, 2008
How to Achieve Financial Forex Success
Everyone is looking to achieve financial forex success, or to find success from trading in the forex market. This has led many traders to find and embrace forex trading programs. So much so that it was recently estimated that approximately over 25% of all forex traders are currently using some sort of program in their campaigns. This is up from the 18% who reported using it just three years ago. As it's obvious that forex trading programs are on the upward trend and quite possibly the future of forex trading, it's important to know why.
Trading programs help traders achieve financial forex success in two clear ways. The first of which is that they afford you the trader to trade more timely. It's not secret that the forex market keeps much longer hours than the traditional stock exchange. Save for a few hours over the weekend, the forex market practically never closes. While this can be very advantageous, it also requires that you are able to keep on top of it at all hours of the day and night. It's just common sense that to be truly successful and consequently profitable, you can't miss out on any opportunities, regardless of time of day or night.
The most sophisticated of these programs trade independently of you completely after a little guidance information from your end. They keep a constant and tireless watch over the market, noting changes and trends, and use this information to benefit you. For example, say you're invested in a profitable trade but the market suddenly and violently fluctuates out of your favor. At the earliest indication of this occurrence, the trading program snaps into action and trades away on your behalf, saving you a great deal of money.
Forex trading programs take this idea of reading the market one step further to help you achieve financial forex success. Arguably the greatest feature which forex trading programs offer comes in the form of trend indicators. While they all vary in their presentation typically, these programs are also designed to predict exactly where the market will go next, affording you the benefit of being able to trade ahead of the curve.
These programs make use of complex, calculated, and most importantly tested algorithms to predict remarkably accurately exactly where certain areas of the market will go next. The best of these programs are tested using real campaigns for months or even years before they are released to traders to ensure that their predictions are as accurate as possible.
On top of that, the best of these programs are even constantly updated by their publishers at no extra cost to you to ensure that your tips are as up to date and fresh as the market itself. Most traders swear by the predictions which they receive from their forex trading programs. If you are serious about achieving financial forex success and want the most accurate information affecting your trading day in and day out, there is honestly no substitute for forex trading programs and their tip indicators.
Start to achieve your own financial independence and begin earning some guaranteed and reliable income today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading forex trading software available today.
Article Source: http://EzineArticles.com/?expert=Max_Branner
Trading programs help traders achieve financial forex success in two clear ways. The first of which is that they afford you the trader to trade more timely. It's not secret that the forex market keeps much longer hours than the traditional stock exchange. Save for a few hours over the weekend, the forex market practically never closes. While this can be very advantageous, it also requires that you are able to keep on top of it at all hours of the day and night. It's just common sense that to be truly successful and consequently profitable, you can't miss out on any opportunities, regardless of time of day or night.
The most sophisticated of these programs trade independently of you completely after a little guidance information from your end. They keep a constant and tireless watch over the market, noting changes and trends, and use this information to benefit you. For example, say you're invested in a profitable trade but the market suddenly and violently fluctuates out of your favor. At the earliest indication of this occurrence, the trading program snaps into action and trades away on your behalf, saving you a great deal of money.
Forex trading programs take this idea of reading the market one step further to help you achieve financial forex success. Arguably the greatest feature which forex trading programs offer comes in the form of trend indicators. While they all vary in their presentation typically, these programs are also designed to predict exactly where the market will go next, affording you the benefit of being able to trade ahead of the curve.
These programs make use of complex, calculated, and most importantly tested algorithms to predict remarkably accurately exactly where certain areas of the market will go next. The best of these programs are tested using real campaigns for months or even years before they are released to traders to ensure that their predictions are as accurate as possible.
On top of that, the best of these programs are even constantly updated by their publishers at no extra cost to you to ensure that your tips are as up to date and fresh as the market itself. Most traders swear by the predictions which they receive from their forex trading programs. If you are serious about achieving financial forex success and want the most accurate information affecting your trading day in and day out, there is honestly no substitute for forex trading programs and their tip indicators.
Start to achieve your own financial independence and begin earning some guaranteed and reliable income today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading forex trading software available today.
Article Source: http://EzineArticles.com/?expert=Max_Branner
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