Succeed With Forex - With Easy-Forex!

If you're just thinking about starting with Forex trading, you may be confused by all the different Forex trading systems that are available. You really do need some guidance about which to choose.

The three most used Forex trading systems are Forex Yard, Pip-Forex and Easy-Forex. All of these are excellent systems. Forex Yard is superb and highly recommended - however if you are a beginner, Forex Yard doesn't give you the amount of help that other systems will give you.

Pip-Forex definitely sets out to help the newbie and has an extremely user-friendly site. My main problem with Pip-Forex is that it requires a software download, which the others don't. This can cause glitches and set-up problems. Also their minimum deposit is $200, which is quite a lot when you are just starting.

Like Forex Yard, Easy-Forex requires no software download. This means you can access your account from any computer anywhere. To me, the biggest plus-point of Easy-Forex is that it has a human face! When you first register you are allocated your very own Account Manager who deals with you personally and walks you through the first steps of trading. They also help you tailor your account to suit your personal trading style.

I actually believe that Easy-Forex has the most plus points. But everybody is different and it's essential that you choose the right system for YOU. I have a Forex site where you can find out more.

The main reason why more investors are turning to Forex trading right now is that, simply, it's the method with the most advantages. It has huge plus points over traditional trading methods like stocks, bonds, futures or commodities.

• If you're trading on the futures market you are buying a contract to purchase a particular unit of currency at a particular point in time. You have no way of protecting yourself against the market's sudden moves. In Forex trading there aren't any dangerous gaps and moves because of the Forex market's deep liquidity and 24-hour trading.


• Right now, people are very wary of trading on the financial markets because of all the gloomy economic news. In Forex trading it doesn't matter whether a currency goes up or down - you can still make a profit!


• With Forex trading you have super-high leverage - that means you get to trade up to 100 times what you have in your trading account! In fact in the case of one or two superior platforms like Easy-Forex the leverage is 200! That means that with $100 in your account you can trade with $20,000. Yet the $100 is ALL you can lose if you have a losing trade! Can you see what an advantage this gives you over trading the stock market?

Look at this Forex site to find out more about the joys of Forex trading!

When you first encounter Forex, it all looks very complicated! That's partly because everybody uses such technical language! But if you're going to make a profit on Forex (that's the big idea) you do really need to know what you're doing. Don't worry it's not difficult to learn. I'm useless with finance and I found it ABSOLUTELY TERRIFYING at first - but it's the best thing I ever did because it's so exciting (did I say that before?)
Some Forex trading systems provide "demo accounts" to help you with the learning process. This is a sort of "pretend account" - you carry out all the trading moves exactly as you would in real trading, but without using real money. The idea is that by the time you get your real account, you know how to do all the trades,so you know how to make a profit and avoid a loss etc.

If you are trading with Easy-Forex you will find they have a different way of teaching you. They don't believe in demo accounts - they believe you can never really learn until you are doing it for real. As I said before, as soon as you register you get a personal account manager who is there to give you advice and guidance from Day 1, plus they have a full thorough tutorial system. So you can start trading straight away with a small amount of money. So you get immediate access to proven trading techniques plus you get the "buzz" of doing it for real without risking too much money!

You can also make a start in learning by visiting my Forex site.

Of course there is risk in foreign exchange trading. Every deal involves SOME risk. For one thing, you can never know when there is going to be some sudden event that will affect currency levels. The major example is 9/11! Nobody could have predicted that! But less cataclysmic, though equally unpredictable, events are happening all the time.

There are several ways of reducing your risk and you learn these as you learn the skill of Forex trading. One of the most important is to make sure you set "stop" or "stop-loss" orders and "limit" or "take-profit" orders. Easy-Forex teaches you how to do this in your initial training.

A stop or stop-loss order is placed BELOW the current value of a currency pair (if you're in a long or buying trade). It guards against the value of the currency falling below the specified level.

A limit or take-profit order is placed ABOVE the currency value. It becomes an order to sell if the currency reaches a certain price, meaning you are guaranteed that profit even if it falls again.

As well as teaching you to do this, Easy-Forex also allows you to change your stop and limit orders as often as you like, free of charge. Of course this doesn't mean you can't close your trade manually if you want to.

On the subject of risk, one thing to remember with Forex trading is that the amount of money you need to place a trade, known as the "MARGIN", is ALL that you can lose.

One of the many HUGE advantages of Forex trading over other types of trading is what is called the LEVERAGE. This means that you can trade with much more currency than you have actually deposited. So with a leverage of 100:1, you can deposit $1000 and control $100,000. But all you can lose is the $1000. This is what is meant by the "margin".

Some Forex trading systems, including Easy-Forex, offer a leverage of 200:1! What's more, with Easy-Forex you can have a mini-account where you can deposit as little as $100. With a leverage of 200:1 this enables you to trade with $20,000 - but all you can lose is the $100 if you have a losing trade. And with the tuition you receive from Easy-Forex, you can be sure of having more winning than losing trades.

Along with Easy-Forex's uniquely low minimum trade and their personal guidance and advice, these features mean your risk with Easy-Forex is minimised. I believe there is no Forex Trading System that gives so much protection from risk as Easy-Forex.

Stay tuned - I want to introduce you to real success with Forex trading.

The market actually never sleeps. Forex is a 24-hour market.

The 24 hour market goes from Sunday 5pm EST through Friday 4pm EST; rollover at 5pm EST. Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America. The US and UK account for more than 50% of turnover. The "Major" markets are London, New York, Tokyo. Trading activity is heaviest when "major" markets overlap.

The foreign exchange "week" begins at 5am Sydney time on Monday mornings. The foreign exchange trading day virtually never ceases except for short periods over weekends. So, the answer to your question is this: The massive liquidity of Forex, combined with a true 24-hour market that's traded 5.5 days a week, offers you exceptional independence and choices to trade Forex when you want to, not when the market wants you to.

If you are trading with Easy-Forex, they will show you why, and which times to aim for. Briefly, during each trading day, overall Forex volume (the higher the volume, the greater your chance of finding more trade opportunities) is determined by what markets are open and the times each of these markets OVERLAP one another. With each passing second, minute and hour, Forex volume remains high, but peaks highest when the Asian market (including Australia and New Zealand), the European market and the U.S. market are open at the same time (actually only two of the major markets can overlap at the same time).

Remember too that with Easy-Forex there's no software to download, AND you can deposit funds for trading instantly with your credit card. So you can just log in and start trading right away whenever you want - even if you're not at your own computer.

Feel you'd like to learn more? I believe Easy-Forex provides the best learning opportunity because of their great personal tuition system. There's also plenty more to learn at my Forex trading site.

Is there a "right" attitude for trading Forex?

You may be surprised to hear Forex trading isn't just about understanding charts and signals. You can understand all the ins and outs of currency trading, but if you have the wrong attitude you won't succeed.

If you took a survey of people who have been very successful in Forex trading, to find what makes them different, you would find they all had a number of things in common.

1. They understand and apply ALL the forces of Forex. They don't pick and choose.

2. They have careful money management systems. It doesn't matter how much trading flair you have. Without good money management - i.e. risk management - you will NOT be successful in the long run.

3. They trade with absolute consistency. They don't thrash from trade to trade. They work out a system and stick to it.

4. They don't get greedy. They know when to take their profits and quit while they're winning. If you find you're on a winning roll, it's only human to be reluctant to quit, but this way you can wipe out your entire profits.

5. They have a cool head! They are disciplined! And they keep emotion out of it. This probably the hardest lesson to learn. But emotion has no place in Forex trading. In fact, it's been said that "Emotion, or lack of discipline, is the greatest enemy of the trader." It's easy to find yourself "on a high" when you've made a winning trade. This can turn you into a gambler and cause you to enter into unsuitable trades, feeling you can't lose! In the same way, it's just as easy to get "low" and discouraged after making a loss - this can mean you skip trades you should be making because you're not thinking straight.

It has been remarked that discipline is a more precious Forex trading commodity than capital - because without discipline, you soon won't have any capital anyway!

If you still feel you want you learn more about Forex trading, remember you can get more help at my Forex site. If you would like to give it a try, Easy-Forex will give you all the help you could possibly want.

This is a very good question. There ARE a number of systems out there.

Why? Because Forex trading isn't a monolithic unit with its rules written in stone. Different people have found success in Forex trading in a number of different ways. They then set out the methods and strategies that have brought them success, into a set of rules and instructions for other people to follow.

The problem is that their success probably isn't ONLY due to the system they have used, but very likely owes a lot also to their personality and their individual flair. There's nothing mechanical about Forex trading, and the fact that a system has brought spectacular success to one person doesn't automatically mean it will do the same for you.

So what do you look for to decide whether a system is a really good one?

1. First, obviously you need to look at the PROFITABILITY of a system. When you are comparing the profitability of one system with another, make sure they are both expressing their profits in the same way. Some will publish the number pof pips made in a month, others will quote the dollar returns. If you have two systems quoting this way, based on the same float, it's easy to compare.

2. Look at the HISTORICAL profits over a period of time. Again this will be expressed either as pips per month, or a dollar amount expressed as a percentage of a float.

3. Check the WIN-LOSS RATIO. That is, the ratio of winning trades to losing trades.

4. Along with this, check the PROFIT-LOSS RATIO. To get this, take the size of the average winning trade and divide it by the size of the average losing trade.

5. Find out the CONSISTENCY of the system. Look at a period of time and see if there are consistently winning months, with losing months being infrequent.

No system is perfect but there are a lot of systems out there that are very good and make excellent profits for a lot of people. Don't forget what I said above - that a great deal of success in Forex trading is about the individual. So the fact that a system has a good record of success, doesn't automatically mean that YOU will succeed with it.

I am certainly not saying that Easy-Forex is the ONLY good system out there! Obviously that would be nonsense. But it's the ONLY one I can vouch for because it's the only one I have used! And I can tell you it scores high on all the criteria I mentioned above. But not only that. It doesn't matter how profitable a system is, if you can't understand how to use it. Easy-Forex has such a good tutorial system that no matter how new to trading you are, you can get started in profitable trading from Day 1. And I actually believe this IS unique. But don't take my word for it - check it out and compare it with the others - that's the only way to make the right decision.

If you want to find out more, have a look at this Forex trading site - if it doesn't answer your questions, there's the opportunity to ask them