FOREX Trading

This really follows on from some recent racing conversations with reference to sponsorship being as risky as any other marketing, advertising or PR campaign. It made me think that when I mention to others that I actively trade the Forex market the first reaction is - 'oh I could do that - its far too risky'. But isn't running your own business risky? Isn't taking out a 100% mortgage risky? But many people do - society sees it as, yes risky, but its acceptable.

I think maybe many people are not altogether seeing Forex trading as the business it is....possibly see it as a bit of a game - or worse see and treat it as gambling. You can loose a lot of money that way - which is up to the individual but if trading the Forex is seen and treated as a business opportunity then this is a very powerful way to make a lucrative living for the rest of your life....well certianly for a very long time! Again its all about preparation, practise and learning how to do it the right way. There are now many tools available to everyone from books, ebooks - like this Forex Book, software from your broker, lots of online tutorials, experts with help and advice, live data - mostly all the tools available to all the city traders!

Again using the reference to starting your online business - you would do the necessary research first to establish an understanding of the market and build your knowledge first before making decisions to market your brand and carry out an advertising campaign. Having spent your budget on advertising your product/service how do you know what returns you will see - well you don't. You may have expectations but its a complete unknown. Again this can be seen with making trading decisions - know one knows what the market will do next - you make your decsions and see what happens. If you add in your expectations, wants and needs to the situation you can become emotional and not able to make clear decisions. OK so these will happen more often when trading but the key to successful trading is not to let your emotions affect your decision making when it comes to entering or exiting a trade. Do your research and write a clear trading plan - a business strategy if you like and then STICK TO IT. By doing this you will be practising good trading techniques - perfect practise makes perfect.

There are many get rich quick schemes or should I say scams. I don't believe any of them - surely someone else must be making money from you. I don't want that. The plan for me when I started trading is that I could work at home and be incharge of exactly how much money I made each day and what I could do to progress. I wanted to be in control and not a client or a boss and have the opportunity to progress and develop my understanding with a knowledge that this development would be reflected in monetary terms in the future. I see Forex trading as a fantastic home based internet business opportunity with the added luxury of being able to work from home - ahhh no commuting....and something ANYONE can do - I'm not joking either. For the short, medium and long term it is about financial freedom - not only from commuting but also as a solution to my continued underlying concern that design/architecture is the first to be cut from a company's list of things to do when there is concern about the economy. Yes its true to say that there are many projects being build around the world which I would work on and I have the experience to probably have work whenever I want it but I have experienced a downturn in the market a few times before - and its not a nice situation to be in. The schemes I am inlvoved with start at around £150,000 - so quite a chunk of investment for any company. That was one of the reasons for the decision to do something else - something I could control and conduct business from home. Trading the Forex gives me exactly that as its such a vast global entity that it is relatively 'safe' to trade and fairly 'predicatable' once you know how!

Learn Forex trading NOW - its GREAT!! Go to www.tradeforexfromhome.com for more information....

Cool - happy trading :)

Annabel

Being home based is something I have always wanted to do - I guess like many others. Having control of my daily routine and of the way I earn money has become increasingly important to me as I juggle working to make money keeping a roof over head while I figure out how the hell I'm gonna race full time! In the short term I took out loans to pay for racing which I am obviuosly paying back every month.

Having spent the last year and a half researching and writing the FOREX BOOK whilst working full time sometimes with my own private clients, sponsorship hunting, writing sponsorship proposals, networking, learning Forex trading and keeping up with the running, I am now finding that FOREX Trading IS the way forward. The more I think of the other business opportunities available the more I think trading is great. Yes you can loose money but the most important aspect to trading is preparation, practise and know what you are doing.

I was discussing the potential trading has to offer in terms of financial gains with someone online a couple of days ago. It really does have the potential to make money for the rest of your life. The Forex market doesn't generally respond to economic forces like any nation's stock market will so is relatively stable and as its so liquid and volatile there will be plenty of movement in the price to make daily gains. It is very reassuring, especially in this current economic climate to know I am not nervous about loosing my job as normally I would be. I consider trading to be one of the best home based business opportunities available to all - especailly for work at home moms. Its great to be in control of your income, daily routine and there's no wasted time now sitting in pointless traffic jams and spending hours commuting - aaahhh how lovely :)

Its also good to know you can learn and develop at your own pace. When I first started trading I didn't think there was much point in trading £1 per pip and looking for a measly 20 pips - what good is that?! But now I see that its not about the money - its about consistency. If you can consistently gain 20 pips then it doesn't matter if you trade £1 per pip or £100 per pip. There is always a progression - a step up the financial ladder if you like. As long as you can be consistent thats all it takes - and it is possible to trade £100 per pip if you have a large enough account size. This is why I see Forex trading as running a business from home - THE BEST online business opportunity there is.

Convinced? take a look at my web site for further information including a free download of the first chapter of the FOREX BOOK and some great Top Forex Trading Tips too to help you on your way.

Hope my ramblings help :) Good Luck....

Cyaa

Annabel

Well I think this is true. When I first started trading (with a demo account) I was reluctant to pull out of a trade when it was going against me. It guess it went something like.....'maybe its a pull back and not an actual change in direction' but you only know for definite when you have already lost money. Its so easy to say when your sitting comfortably in your office chair when you Work At Home ahh that will never happen with my trading - and if it does then you need to learn from the experience and build a better exit strategy into your trading plan. On paper it is relatively easy to Make Money trading the Forex Market but there is a psychology to trading well and building a Home Business as your future earning capacity and fulfilling your dreams of Financial Freedom.

It is very hard to cut your loses but you need to for your money management strategy aswell as your trading plan. Forex Trading is something you need to learn how to do and this learning doesn't happen over night. It takes time to understand market movement, back test strategies, find out which indicators and moving averages suit you best and do you use Pivot Points aswell as Fibonacci?

If you are prepared to really Learn Forex Trading it is such a great opportunity. Millions are already trading but I don't know how many adopt good trading attitudes, see trading as developing their Own Business and treat it with the same respect as if they were starting out with a business loan in hand. Having said that it offers such freedom that I would recommend it to others and great for Work At Home Moms, those who do shift work and those who just want to Earn Extra Cash.

So trading Forex Market isn't just for the City boys then!

Cool.....!!

Cyaa

Annabel

Check out www.trade-from-home.com for more info on how to learn more about trading the Forex Online

Want to Learn Forex Trading? Want to find out How To Trade Forex? If you do, you should probably start off by understanding a bit more about it and get some training. The Forex market is a vast global market and the largest traded market in the world. Well over one trillion dollars are traded every day - lots of opportunity to make a profit then.

Proper training is a must if you are going to be trading the Forex market. There is a lot of money involved in forex trading. Without properly learning the forex market and how to trade forex, you can really lose a lot of money. However, you can also really make a lot of money once you know what you are doing. 90% of traders actually lose money in the forex market leaving only 10% of traders making money. Do you want to be part of the 90% or 10%? It is really up to you.

Get the proper training to learn the forex market and start to make money by trading forex. With the right training you can develop your forex learning and make money by trading forex in a very short space of time.

If you don?t even know what forex trading is at this point, you definitely need to get some proper forex training to learn it. To summarize what forex trading is, it is pretty much trading, or exchanging of one countries money for another countries money - hence why you will here about currency pairs.

There are many places to get good forex training and some good Forex Books and Tips too. There are also many places that can offer you poor forex training. There are many poor training systems and courses out there that just want to take your money and make you many promises and will only fail to deliver. However, there are also training books out there that will actually teach you the forex market and show you how to trade so that you will make a profit.

The first thing you should learn is what forex trading actually is and how it works. The forex market is always changing - its in constant motion and available to trade 24 hours a day 5 days a week so you need to be updated with the latest information and news regarding it.

After understanding the basics of how the forex market works, you should then start learning more in depth detail of how to trade and earn a profit. While you are still learning how to trade forex, you should never manage an actual account. You should always start with a demo account before you actually try it for real and manage a real account.

For more information on some proper training - an introductory book to trade the forex market, visit www.trade-from-home.com

I remember one trade in particular trading a FTSE 100 mining stock being stopped out of a successful trade when a city broker added a substantial transaction - a price which was 20 pips below the current price offering, momentarily reducing the price and hence my active trade being stopped out at break even. I could see the transactions going through using the pending transactions area on my ADVFN account. I was disappointed as the trade was correct but factors beyond my control meant I wasn't going to be successful. This was the point at which I thought there must be another way - and there was, its called the FOREX market. More benefits of trading the FOREX market here.

Foreign Exchange - the FOREX market is not governed by a centralised exchange and therefore is not able to be manipulated by Market Makers or Brokers. This market is so vast that no individual or company can directly and profoundly effect the FOREX.

The above fact is very significant and the reason I wrote my book Trade Forex From Home describing why the FOREX market is the best market to trade.

Take a look.....

Cheers

Annabel
www.tradeforexfromhome.com

Because the FOREX market is so vast and as it is a global trading platform no one can 100 percent predict what the market will do next. Not even the most experienced of FOREX traders! The way to address this is to develop strategies which will cover most eventualities.

The price of a currency relative to another will fluctuate up, down or move indecisively sideways. Normally the FOREX is one of the most trending markets available so its fairly easy to recognise when a currency price is stalling and reacting to market indecision.

Its reassuring to know that you don't have to be able to predict market movement, just to have a strategy to react to the next price move. If your preferred currency pair does not fit into your strategy then as a FOREX trader the idea is to wait for the appropriate set up or look at one of the other 7-9 currencies which are highly tradable.

As there are many opportunities during the day for many trading strategies to suit your trading plan the correct set up should be anticipated to fall into the strategy of selecting high probability trades to gain maximum return on your investment.

For more about the benefits of trading the FOREX market take a look here. Some more trading tips can be found on my web site together with a book I have written as a guide to successfully trading this market.

Take a look at my web site for more information - www.tradeforexfromhome.com

Cheers

Annabel

A few years ago I was working out how I could earn enough money to quit my day career and commuter hell to follow my passion for car racing and be financially independent. Having found buying and selling UK stocks not profitable enough for short term returns I enrolled on an expensive financial trading seminar. After the course I traded many of the markets but found I was increasingly disillusioned by trading the UK stock market and binary trading. Following on from conversations with other traders there it was - the Foreign Exchange platform or FOREX.

This had to be where professional traders made their money and I wanted to know more!

The trouble was there was so much information on the internet about FOREX trading - where would I start? Since coming across this problem I decided I wanted to write a book (download the first chapter for free here) to explain the essentials of FOREX trading in layman's terms. For this reason, I wrote Trade Forex From Home keeping it really simple, easy to follow and to understand with some basic trading techniques which if followed has the opportunity to get your Forex trading account up and running in no time. I wanted to share my journey and communicate how anyone can trade the FOREX market.

It's taken nearly three years with juggling my day career, sponsorship hunting for racing and sometimes working part time to fit trading into my daily routine, in addition to researching and writing the book, to reach this stage. That's years of research, reading, learning, practicing trading set-ups and seeing what works.

Please take a look at my NEW web site - www.tradeforexfromhome.com and if you would like to know more about trading the FOREX market please visit here.

I hope you enjoy the read.......

With best wishes for a successful FOREX trading career.

Annabel

1. Read Trade Forex From Home before you do anything else. It covers a bit about everything so you can find out if Forex is for you. If you open a Forex trading account and haven't read the book then end up losing a load of money, then I will tell you I told you so.

2. A Forex trading plan/system. You MUST have one and you MUST stick to it. Practise with paper trading and then a demo account first to gain confidence and skill with this. It does take some time but you have to trust your skill, which WILL grow.

3. You MUST have a stop loss policy. Even if its a mental stop loss - you must have one and be prepared to exit the trade immediately if this level is hit - no excuses!

4. BE PREPARED with all things to do with Forex trading.

5. DO NOT trade against the trend. If you are waiting for a reversal pattern to form on your Forex chart, wait until you have confirmation of a change in the direction of the trend before you open a position.

6. The Forex market is rarely your friend if the trade goes against you. Cut your losses quickly (go back to point 3) and accept them as a cost of trading - nothing more, then move on, forget about them.

7. With trading the Forex, learn to sit on your hands and not trade! ALWAYS look for good quality trades - the ones with high probability of success. A day without a trade is better than a day with one trade which looses you money. If you don't like the look of the market, the charts or if the day is full of economic announcements which you know will make the market unstable, then walk away.

REMEMBER: The most successful traders are those who LOSE THE LEAST NOT MAKE THE MOST.

8. Learn about Fibonacci levels and how to apply them to your Forex charts.

9. Make sure you stay in profitable trades until your exit strategy comes into effect. Maximise your good Forex trades by letting them run.

10. MONEY MANAGEMENT, MONEY MANAGEMENT, MONEY MANAGEMENT! Be prepared - understand it. NEVER risk wiping out your account - it can happen.

11. Keep you Forex trading plan simple. Do not have too much information on your screen - it will only confuse you and make the decision to enter/exit a trade a whole lot harder.

12. Forex trading isn't an exact science. Do not set yourself false targets and associate any emotions when trading. Do not 'expect' a trade to go in your prefered direction. Trade what you see and if you are wrong then thats just how it goes - move on to the next.

Hope that helps. Happy and prosperous Forex trading!