Forex iPhone, Forex iPhone

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Forex iPhone
Showing posts with label Trading Forex in a Tight Market. Show all posts
Showing posts with label Trading Forex in a Tight Market. Show all posts

Why The Forex Experts Can Win


Why The Forex Experts Can Win Even With A Common Forex Day Trading Strategy?


If you are looking for some Forex day trading strategies, then you should continue reading this article to find out why the Forex experts can win in the Forex market even with a very common Forex trading strategy. In this article, we will discuss about 3 major points, mentality of an Expert, the way an Expert trades, and how you can become an expert. After reading this article, you should be able to understand why the experts are so successful and what are the differences between the experts and a common trader.
Firstly, we should explore the mentality of a Forex expert. A Forex expert already has an extensive knowledge in Forex trading and the market. The difference between an expert and a common trader is discipline. Unlike a common forex trader who seeks fast return in a day, an expert is able to identify which currency will be profitable in the long run and can afford to place his position for few days before seeing profit. With strong discipline, the expert is able to apply any common Forex day trading strategy to yield profit.
Generally, an expert trades with patience and calm. Many new Forex traders will just rush towards certain signals. But an expert will not do so. An expert is very patient and calm when deciding his investment. This is to ensure most of his investment will yield a profit instead of loss. When it comes to an urgent decision, he will be able to make the decision calmy and accurately.
If you want to become an expert in Forex market. Besides learning how to apply the Forex day trading strategy, you should have the following virtues - discipline, patience and calm. Forget about different sophisticated day trading strategy. By applying these virtues and slowly developing your trading experience, in no time, you will be an expert in this high liquidity market and win even with a simple and easy strategy.


Article Source: http://EzineArticles.com/1141087

Best ForexApp iPhone and Mobile Traders


The Best iPhone and Mobile Phone App for Forex Traders




If you are a serious forex trader you will have soon realized that there are times in your busy life when you simply can't be in front of your computer. You can lug around a laptop when you are away from your trading desk but that can become tiresome. Luckily Forexyard have created an iPhone and mobile phone app just for Forex Traders!
They have made an app that is for your iPhone as well as an adaptation made for both BlackBerry as well as Nokia and Windows Mobile. Forexyard realized that in the world of traders today that they aren't always staying in their offices in order to make their trades and more and more traders are starting to be a lot more mobile and on the go than they use to be. So this is why they created their new forex trading app.
This is a great mobile trading app that is quite intuitive and is an easily accessible trading platform that will deliver some of the fastest and probably some of the most convenient trading service to all traders who download it onto their phones. The platform is offered in 16 different languages as well and it will tie right into your trading platform that you have on your home or office computer. There is no need to sync it either cutting down on all kinds of problems.
This app will let traders trade with their state of the art forex trading system with comfort, ease and speed of the traders smartphone. All live account holders can easily do all the things they would normally do when they are in front of their computer and it's all done through a very friendly interface and has all the backing of Forexyard's charts. Below are some of the things this app can do for someone who is a forex trader:
  • View their account information and see what their current status is while on the go.
  • Market Orders where they can buy and sell any kind of stock at any time of the day.
  • Entry Orders where they can place their orders directly over their phone.
  • Stop and Limit Orders lets them make sure to manage their risks as they go.
  • Change and Remove Orders if there is a need to modify their positions with an order they made.
  • Real Time quotes.
  • Full Functional Charts that can be used in helping to make trading decisions with trends.
  • Charting Indicator that will validate the different moves going on in the market.
Those who own an iPhone can easily download this particular app at the iTunes app store by searching for Forexyard's Trading App.

Article Source: http://EzineArticles.com/6322839

Trading Forex in a Tight Market


Trading Forex in a Tight Market

Unlike most other markets out there, Forex is a 24/5 operation - meaning that from Monday to Friday, you can trade at any time of the day or night. This is perfect if you are one of those people wanting complete flexibility as to the times you trade. However, it can also be a bit of a nightmare for those who are followers of the news.
Fundamental trading strategies (or news trading) is basically the basis on which people use the news to base their trading decisions. For example, any of the following events might trigger a trade if someone was carefully following the news:
  • Surprise interest rate increase or decrease.
  • Surprise economic data.
  • News that a currency is being artificially tampered with by authorities.
This is just a selection of the possible news stories which could turn a relaxed, off duty Forex trader in to a raging financial mogul in a matter of seconds.

Why the Forex Market Gets Tight

When we talk about a "tight Forex market" we are usually referring to a lack of trading on a particular currency pair, and therefore a very small amount of price movement over a given period.
For example, if we said that the USD/JPY was trading "tightly", it would imply that the daily range of the currency pair was extremely small - perhaps a matter of 30 to 50 pips.
There are other times when we would say that the market is tight also. In some cases, we might refer to the entire market as being "tight". This usually happens on a select few occasions at about the same time each year - with one of these periods of course being: summer.

Summer Trading is Tight Trading

Even though the Forex market is still open each week day during summer, because many finance companies and banks choose to send their employees on holiday during these times - the liquidity of the entire market is often low. In other words, it's not just one single currency pair which is affected, but all the currency pairs.
If you are trading during summer or if the American summer happens to be your winter - you need to adjust your trading strategy to incorporate this decrease in liquidity. Perhaps consider more position trades, rather than swing or scalp trades, to attempt to mitigate the additional risk of the low liquidity during the major holiday breaks.

Trading Forex in a Tight Market