Forex iPhone, Forex iPhone

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Forex iPhone

Forex Trading Styles - Position Trading,iphone forex,iphone forex app


Forex Trading Styles - Position Trading

In Forex, the term "position trading" is somewhat misleading. That's because both of the terms involved are the total opposite of each other. Traditionally, "position" investments are those which are held for the longer term. Traders wait for the market to move significantly before closing out their "position".
On the other hand, trading is often the quick movement of money. In Forex, a "trade" could be a buy and sell executed on the same currency pair within about 20 minutes of each other. In other words, "traders" are cyclically trading in and out of different currencies in order to scalp as many pips as they possibly can, as quickly as possible.
Benefits of Position Trading
Position trading often sets the trader up for significant profits, and a greater chance of realizing a winning trade. This is because short term market moves are completely disregarded, with the overall sentiment of the market in the long run being the only focus.
To illustrate this, let's give an example of a position trading strategy:
  • Trader believes that EUR/USD will appreciate in the long run.
  • Based on a weekly chart, the trader goes LONG the EUR/USD.
  • Within 2 months, the pair has reached the target (after many other short term moves).
  • The trade is closed based on a signal from the weekly chart.

The concept is simple. Many people will have heard of "buy and hold" strategies. Position trading is essentially the same, except for the fact that you can "sell and hold" also.
Effects of Overnight Interest
One of the concerns for position traders is whether they are on the positive or negative side of the trade. Overnight interest is the cost of holding an open Forex position after the close of trade - i.e. the financing cost of that position.
Therefore, before entering a position trade, it is important that you calculate the costs of carry (overnight interest) - to ensure that this won't eat in to your long term profits. The last thing you want it to have a profitable trade which is completely disintegrated by the overnight financing costs after 2 months of holding the trade open.
Most brokers are open and transparent in this respect, so check with them to see whether you will be receiving or paying interest on open positions in your chosen currency pair. 

Forex Trading Styles - Position Trading



Forex Trading Robots,iphone forex,iphone forex app,iphone forex chart


Forex Trading Robots

Wouldn't it be great if you could make money in your sleep? Wake up in the morning and discover an additional $200 or $500 in your account? Furthermore, what if this happened on a near nightly occurrence - so that every morning, a bonus was credited to you without fail?
Queue the Forex Trading Robot. Have a quick search around the internet, and you'll be sure to find hundreds of FX Trading programs, all of which promise to make you money on a daily basis, with little human intervention. Do they really work? Well - that's the key question that we wanted to find out.

Is it Too Good To Be True?

They say that if it's too good to be true - it probably is. As the logic goes with Forex Trading Robots, if a system did exist which constantly generated profits on a daily basis, wouldn't everyone be using it?
Surely, as soon as someone discovered the program, they would have their family and friends signed up quicker than quickest? Usually - we don't see this happening. In fact, at best, we often see people resorting to another Forex Trading Robot after a month or so of no success from the previous one.
However, as many FX Trading Robot websites point out - maybe it's the user which causes this failure? After all, a tool is only as good as the person who is using it. Could it be that FX Trading Robots are actually 100% foolproof, if only the end user could be?

The User is in Control

One of the key points to take away from this article is that if you are thinking of using a Forex Trading Robot - you need to look at yourself in the mirror. Why are you using it? Do you already have experience trading Forex? Do you understand the possible pros and cons of utilizing such a system?
Unfortunately, many Forex Trading Robot programs tend to market their software products to people who are new to FX. This is wrong. Shouldn't it be that such robots should only be used by people who already have a solid grasp of the industry? In our opinion - FX Trading Robots are only for those people who have had years of experience, and can therefore take the appropriate measures to ensure that the "set and forget" strategy genuinely works.

Avoiding the Forex Trading Robot Scams

Another issue of contention where Forex Trading Robots are concerned is whether or not they are scams. Do they really work, or are they as accurate as the flip of a coin? Ultimately, picking the right FX robot is also an important step in generating a regular income.
We can't be entirely sure which program is a scam and which is not. Neither can you for that matter. However, reputable Forex Trading Robots do exist - and many of them have been vouched for by professional traders.
To conclude, it would appear that FX Trading Robots are really only as successful as their commanders. The moral here? Learn your stuff before investing in a trading robot.

Forex Trading Robots



Successful Forex Trading with Ease,iphone forex,iphone forex app,iphone forex chart


Successful Forex Trading with Ease

The biggest problem that most novice investors have is that they are impatient for the profits. This causes novices to lose money, miss out on profits and get discouraged very soon. One of the most difficult lessons that a successful trader has to learn is to have patience and when to and not to trade. Great success can be had by simply staying calm.
There is this misconception that the stocks that are good will always be good and the stocks that are bad will always be bad. This can lead to a frequency to buy into and bail out of stocks as they shift throughout the day. This causes a flux within the currency value that does not actually reflect the actual value of the currency. This shifting is what people who are impatient often see when they begin to trade within the Foreign Exchange Market. This is because they frequently use short term charts that show only the immediate happenings rather than the long term effects of the currency.
By using better and longer charts, the professionals are able to relax and appear to do nothing at all as they watch their profits increase. This is because they have learned the art of patience and how to make that patience work for them. This appearance of doing nothing at all is not a sign that they are not working hard, but rather one that shows that they are working smart. They have placed their money where they want it and are watching it increase in value.
This does not mean that the currencies that the professionals pick will always increase in value. There are many times when the professionals will watch their positions drop in value. This drop will be monitored, but will not spur on immediate action because the professionals are aware of the margins they have set and the potential for the decrease to become an increase. The professional will ride out the drop and wait for it to increase in value again.
This appearance of doing nothing helps to ensure that the professional trader achieves the profits that they predicted. By doing nothing as the currency prices plummeted, they were able to ride the wave towards an increase again. If the investor would have pulled out, the increase would have been missed and the profits would not have been had. This would have resulted in a loss.
Patience is a virtue in most cases, and with the Foreign Exchange Market, it is a prized quality. By doing nothing when the Market begins to shift, the professional and novice can help to stabilize the markets and economy of nations and make a profit on this stability. This quickly becomes a win/ win situation for everyone involved.

Successful Forex Trading with Ease



Professional Forex Trading – What is It Anyway,iphone forex,iphone forex app,iphone forex chart


Professional Forex Trading – What is It Anyway?

Trading Forex like a professional is easier than one would expect. The professionals take their time, use their patience and skills to make money. They do their research and make educated trades based upon the long term expectancies of the Foreign Exchange Market. They focus on what could be lost rather than what can be gained and avoid the high risk moves that could go either way very quickly.
The professional traders operate in direct contrast to how many of the novice traders operate. Most novice traders use short term charts and graphs that make it difficult to determine the actual market trends. In addition, most novice traders are focused upon the potential profit, rather than the potential loss. This spurs them onto making riskier trades and potentially losing a lot of money.
The novice trader often does not have the patience to develop and follow through with the strategies that the professional traders have. This lack of patience causes the novice trader to enter into and pull out of trades faster than the professional trader. The novice trader may also find that they are doing more trades than the professional trader. This is not an indication that they are doing better than the professional, but simply an indication that they are working harder than the professional.
A great way to learn to trade like to professionals is to learn and study like the professionals. Take your time and read the different articles about trading. Take your time and practice with the different demo programs that enable you to see the long term effects of trading without risking your money. These demos are often free to use and are offered by many of the larger trading firms.
Another way to learn to trade like the professionals is to take courses in trading. There are many different websites that offer trading courses and seminars. These seminars and courses are designed to help not only the professional but the novice trader learn how to be a better trader. These seminars help you to understand how the market works, the different factors that affect the market and the how to predict what the market will do.

Professional Forex Trading – What is It Anyway?