Bankers & Today

It does take some time to get used to a new Forex investing strategy, so once you have developed a strong foundation for how you intend to trade, make sure that you stick to the plan that you have in place. This will also help you to greatly minimize the total amount of money you lose, while making it through your initial learning curve. Online Forex investment is a different beast from other types of trading, but with the right mindset and planning in place, people stand to earn a lot of money by making the right pair trades at the right times. As with any investment, it is best to get advice from professionals before starting your journey.

The Unquestionably Best Forex Trading System

If you follow this set of rules, you will have a great chance to reap large profits in your currency trading:

1. Learn all you can about Forex. Visit free forums, such as BabyPips.com, and go through all their tutorials – take notes. Go to ForexTSD.com and other Forex clubs and read the questions and answers. Post questions yourself.

2. Go to independent forums and get Forex software and broker reviews. Websites such as ForexPeaceArmy.com and Forex-TSD.com are good sites, but there are many other good forums. You must realize that some people will post fraudulent comments to encourage novice traders to use their brokerage firms, so be sure that you are basing your opinion on software or a on a large number of review comments. I have confidence with some Forex investment companies and Forex investment plans, such as ACM Forex, Dukascopy and MB Trading, but some I have used are to be avoided at all costs (reviews will tell you which ones to avoid).

3. Realize from the start that non-ECN brokers, or any broker that has a dealing desk, actually trade against their clients. These market makers (also called “bucket shops” by traders) are often unregulated and have great discretion on how quickly and at what price they fill orders. Not all of these types of brokers are bad, your trading is just more transparent with non-dealing-desk brokers.

4. Open a demonstration account (demo account) with a broker and trade for several months using only virtual money. These Forex simulator trading accounts are usually very similar to the actual trading platform you will be using with live trading, and the price information you receive will be either delayed only slightly or will be real-time currency price information.

5. Try different trading system software programs, such as Stealth, Forex Virtuoso, London Gold Rush, etc. You may even trade some automated Forex systems like FapTurbo and Megadroid, but, again, only in demo mode to start.

6. Once you are consistently profitable in demo trading, switch to a live account but use small margin and small pip values. Probably the largest problem in Forex trading is that you must follow your system rules exactly and not let your emotions get in the way. You will not discover how much work you have to do in this area until you are risking real money. You must follow your system.

7. Practice money management. Never risk more than 1% of your account capital in any one trade (this means you must use stop loss orders set at the 1% loss values – this likewise means you do not need to be using a broker who does not have a wide range of order options such as stop loss, stop limit, buy limit, etc.).

8. Limit the amount of leverage to use – 50:1 is adequate unless you just want to gamble your money away.

9. Make your own trades, monitor them closely. Treat this is a business, not as an outlet for your gambling urges. While there are some good Forex signals services, the best trading is done using a Forex trading system that you understand thoroughly and generates its own signals.

Other Opportunities to Have a Life, not Just Make a Living

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Forex Investments

Forex capital market is the largest financial market in the world with daily volume of more the 1,8 trillion dollars, that makes it the most thrilling and exciting market for investors as well. If you are going to get started with making online Forex investments, you are at the right place as Forex Club offers you innovative and user friendly Forex trading platform. Would you like to take advantage of all the benefits of the biggest financial market? Take a chance to join the Forex currency trading market with online Forex investments opportunities available.

We specialize in providing a reliable platform for those who want to trade on Forex capital market and benefit from this activity. Forex Club allows you to make online Forex investments with the hope of getting profit when the value of currencies changes over time, whether from the market news or events that take place in the world. Our platform performs well for individual traders and businesses by focusing on what Forex traders want and need to access high liquid, 24-hour currency marketplace without risking more then their initial Forex investments.

Our Forex investment platform is easy enough to use by beginners and yet it provides more experienced traders with all the necessary tools and features. We're doing everything necessary to make your trading experience enjoyable and hassle free by offering our free demo practice accounts and professional training courses to improve your knowledge and skills before making the real Forex investments. Along with providing a chance to carry out online Forex investments Forex Club as a comprehensive Forex capital market platform lets you be aware of major macroeconomic indicators, news, reviews that affect the world of financial market and currency rates changes.

In order to make your Forex investments successful and effective, we offer the latest financial information and news at your fingertips. Publishing real-time prices and indicators ensures that you will receive the firm and fair price on all currencies and so will be able to make more smart decisions. If you are not ready yet for real Forex investments, take all the advantages of free demo account by Forex Club to get full functional version of trading platform, access news, analysis tools, technical charts and much more.


Foreign Exchange Investment Fraud

Investments in the foreign currency exchange market (FOREX) is a relatively new fraudulent promotion being developed and sold across the country. You are led to believe that you are investing in a currency futures market which is highly regulated, and a market traded in by large banks and financial institutions whose commissions for trades are no more than two or three points. The foreign currency "spot market" is commonly referred to as the "Forex".

Foreign currency contracts may be legitimately traded either on a recognized futures exchange or in the "interbank market," which generally involves trading between large institutions such as banks and corporations, rather than individual or retail customers. Fraudulent currency trading firms often tell customers that their trading is done in the "interbank market" on your behalf.

"With a $10,000 deposit, the maximum you can lose is $200 to $250 per day."

Many currency traders ask customers to give them money known as "margin," often sums in the range of $1,000 to $5,000. These amounts, which are relatively small in the currency markets, actually control far larger dollar amounts of trading. Margin trading can make you responsible for dollar losses that greatly exceed the margin amount you deposited.

"You take only as much risk as you see fit."

Such leveraged trading allows investors to speculate with a cash margin of less than 5% of the U.S. dollar price for foreign currencies such as the German Mark, the Swiss Franc, the British Pound and the Japanese Yen.

"Whether the stock market moves up or down, in the currency market you will always make a profit."

The victims of these fraudulent promoters are actually being sold a position in a currency forwards market which is both completely unregulated and provides no guarantee that the promoter has secured the forward position in the traded currency.

You are also not aware that you will pay a 50% commission on each deal and that they have no chance to either make a profit or to recover their investment.

This type of investment scam terminology is often used along with Prime Bank Schemes and substantiated by Ponzi payments.

One group, Forex Investment, recruited "professional currency traders" who actually had insufficient training and experience in forex trading, leaving most investor accounts suffering substantial losses; about three out of every four dollars invested in the program.

For more information regarding this type of investment be sure to investigate the databases of the National Futures Association and the CFTC.