eToro Forex Platform

eToro offers of the most innovative Forex trading platforms on the on-line market. eToro Forex platform allows beginner traders to start trading almost without a traditional Forex learning:
Low minimum deposit — $50.
eToro offers up to $200 bonus upon your first deposit.
All trades are displayed visually in your platform.
Observe trades in real-time in several convenient ways.
Unlimited virtual money is offered if you want to improve your skills.
Demo trading shares the same functionality as the real trading.
Regular contests on both real and demo accounts.
Prizes and bonuses for the most valued customers.
Forum and real-time chat are available for the traders to discuss and share their success.
Effective support team to answer all your questions.
Multilingual site to offer a quality service to the international clients.
Live news feeds to point out the best opportunities for the Forex trading.
Real money orders are executed in a real-time mode, without delays and requotes.
Wire transfer, PayPal and credit cards are accepted to handle the funds transfers.
1:100, 1:200 and 1:400 leverage to control your risks more accurately.

You can open a trading account and download eToro platform in minutes.

If you want to learn more about eToro you can read an on-line interview with eToro's Jeff MacKenzee about their platform and plans for the further innovations: Interview with eToro.

Forex Fundamental Analysis

If you've already read the "What is Forex?" section then you should know what Forex market is and what it is all about. If not, please, do it. There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:
Forex Fundamental Analysis
Forex Technical Analysis
Money Management
Forex Trading Psychology
Forex Brokerage

Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.

Forex Fundamental Analysis
Fundamental analysis is the process of market analysis which is done regarding only "real" events and macroeconomic data which is related to the traded currencies. Fundamental analysis is used not only in Forex but can be a part of any financial planning or forecasting. Concepts that are part of Forex fundamental analysis: overnight interest rates, central banks meetings and decisions, any macroeconomic news, global industrial, economical, political and weather news. Fundamental analysis is the most natural way of making Forex market forecasts. In theory, it alone should work perfectly, but in practice it is often used in pair with technical analysis. Recommended e-books on Forex fundamental analysis:
Reminiscences of a Stock Operator
What Moves the Currency Market?

Forex Psychology Books

Controlling one's emotions is vital for every Forex trader. Here you will find the free e-books about Forex trading psychology and emotion control in the financial trading. You will learn how to calm yourself and set the long-term goals in your trading. Recommended for all traders.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

A Course in Miracles — A Christian view on the probability by unknown author.

Thoughts on Trading — Some general thoughts about financial trading by Joe Ross.

Calming The Mind So That Body Can Perform — by Robert M. Nideffer, Ph.D.

Emotion Free Trading — "How to consistently act in your own best interest with your off-the-floor trading!" by Larry Levin.

Technical Indicators In Forex Trading - Understanding Their Limitations

Forex traders often look at indicators such as Bollinger Bands, Pivot Points, MACD, Moving Averages and the such to help them determine where to enter or exit trades. Using technical indicators is fine, however many traders overemphasize their importance or just plain misunderstand them.

Many forex traders think that they can simply download an indicator and then mechanically apply it into their trading and do so profitably. This is just a plain illusion. Successful traders realize that there is a lot more to using indicators than just asking them to generate buy/sell signals or pin-point exact entry points. Technical indicators for them represent just one part of their trading strategy.

Let¡¯s take a look at some of the reasons why you should not put all your faith into those sometimes confusing little indicators.

Take Moving Averages (MA¡¯s) for example. They are "supposed" to show the direction of the trend. The most common and often used are the simple 200day MA, 100day MA, 50day MA, 35day MA and the 21day MA but they are only valid on daily graphs. Some forex day traders say that a good signal is when the 50day MA is crossed by the 13day MA and that when this occurs you should trade in the direction of the cross.

The problem with this (apart from the fact that it only works on daily graphs) is that these types of ¡°crosses¡± do not occur often enough for traders to exploit them. This can often lead to a situation where traders are seeing what they thought was a cross now reverse and uncross. Even worse, it can lead to a situation where day traders are "chasing" and trying to anticipate a cross. If you are doing this, you are distancing yourself from the market which you are trying to trade. Not only are you trying to guess what the price is going to do next but you are guessing what the indicator, based on the prices, is going to do next.

Other problems with technical indicators involve issues with the quotes and prices given to you by your broker. Forex brokers are market makers and as such different brokers will give you different quotes and prices at a specific point in time. Naturally, a different price could lead to a situation where different traders, trading the same market have the same indicators giving them different responses. That¡¯s how arbitrary technical indicators can be.

Finally, a lot of these technical indicators were developed by people trading the stock market. With the growth of computers and software packages that incorporate these indicators, technical analysis has become very popular and spread to other markets such as the forex market. What currency traders should be aware of however, is that as these indicators were developed in a time where real time information did not exist. As such, the limitations of technical analysis becomes even more exaggerated in forex trading ¨C not only is technical analysis an interpretation of historical events but it becomes even more so in the forex market, a market moved by real time events.

Conclusion:

Successful forex traders understand the limitations of technical indicators and realize that technical analysis should incorporate just one part of their trading strategy. In a recent international Forex market event visited by the major banks and institutions - the main players that influence the foreign currency market ¨C a survey was done to better understand what analysis they use. The results might be surprising to some tarders. The survey showed that a mere 26% use technical analysis and indicators compared to 41% who said they use fundamental analysis.

Forex Charts - Make Bigger Profits by Following These Key Points

Forex charts are a great, time efficient and proven way to make bigger profits but most traders don't use them correctly and here we will give you some key points to help you make bigger profits...

Let's look at some key points for more profitable technical analysis with forex charts.

If you look at any forex chart you will see big trends that can last for many months and trend following these can be very profitable and if you want to make money out of them you must understand this key fact:

Most big trends start and continue from breakouts to new highs and lows on the chart and you must go with these breaks - most traders don't. They want to wait for the pullback and of course it never comes and they are left behind. While it appears like you have missed the first part of the move, the odds of continuation are high so go with them.

Always be patient when using forex charts. You don't get rewarded for your efforts or how many times you trade but being right with your trading signal. I know traders who trade just a few times a month yet make triple digit gains - so wait for the right opportunities.

When you have a trend you want to hit always check price momentum is on your side and make sure that you use momentum indicators that show price acceleration in the direction you wish to trade. Two great ones, you can learn, in about 30 minutes are - the stochastic and RSI. These two combined will increase your odds of success by getting the odds more on your side.

Never believe anyone who tells you there is a mathematical formula for market movement - there isn't. If of course there was, we would all know the price in advance and there would be no market. So forget trying to predict and only trade the reality of price.

Its probabilities that you need to understand and like a successful poker player, you won't win every hand - but if you keep trading the odds, you will win long term. When using forex charts, the simpler your forex trading method the better, as simple systems tend to be very robust and have fewer elements to break, than complicated ones.

I have used a simple breakout method which uses trend lines, RSI and the stochastic and made money with it for over 20 years sure, it's simple but it works. Forex charts give you the reality of price before your eyes and you can spot areas of over valuation and under valuation. Humans create trends and they also (due to their emotions) push trends to far up or down in either direction.

You can of course ride trends - but you will also see big price spikes and history tells you they don't last long and taking trades contrary to the majority can be very profitable. Charting is an art not a science and you need to practice your art. The successful captain of a ship uses charts to navigate safely, but he also knows that use them wrongly and he will drown and it's a very similar situation in forex.

The Good News

You can learn forex charting in around 2 weeks and soon be piling up big profits in around 30 minutes a day spotting and hitting high odds trades and enjoying great profits. The good news is forex trading and using technical analysis is a learned skill and one you can master with a little practice.

Galleon FX - managed forex, is this the key to real profit?

After disasterous results in HYIP, failer in gold trading and finally, due to lack of time and resources I was not able to run manual forex, I am now trying to make profit in forex managed account at Galleon FX.

This is now real thing. No more unsecure feeling about scam. Let me shortly look at this my new investment.

The site has very good instructions for filling up all forms and papers, since you need to get first signup a form for Galleon, then with their broker, FXCM. Both seems very stable in time and under control. Of course there is a risk of something bad happens and either company "die", but this is not so likely. Since Galleon is getting managed fee based on their performance from you, it is obvious their intention is to perform as positive as possible. All fine from this points. What else do we know?

When you sign up, you have to choose the currency USD or EUR for your account. In fact USD accounts have better statistics than EUR, for examle their USD Account was up about 75% in Septemberm, further more 18% in October for a total of 93% gross in just 2 months.

Their $1000 minimum special has been very popular with 50+ new clients in October. Those that got in and had accounts funded before the 15th are already looking at 15-20% gains in their account. As they have extended $1000 minimum investment for this month too, you just have some days to start a real investing, rather then scamy HYIP.

The FXCM offers very good web based look into account, so you see all open traders, history, current equity, for selected time period. Funding the FXCM account is easy, as you can use Credit cards.

Galleon FC performance over time

Galleon offers you great oppurtunity to take profit in violatile Money Exchange markets. Since managed accounts usually starts with over $25.000, you finally have a chance to enter with much smaller amount. And last thing: robot trading is usually not bringing such high profits as Galleon had it in September, but since it eliminates emotional weakness of a trader, it can become your profit maker.

Free Forex and betting signal over Twitter

My last decision was to start publishing my two signals: forex and betting. And best tool to do that is by my opinion Twitter - micro blog service. For some days you can see in left column my Twitter updates. There are not only signals, also other quick short tweets I read, so you can track what I do virtually in real time. It is much easier to post such signals and short messages on Twitter. It is best that you check how it looks yourself on my Twitter page.

MY PRIVATE HYIP
my own business with Couple of months I started my own HYIP. Since I was so frustrated my scams around, I startInternet investment. Manual and managed forex, horse and soccer betting, stable HYIP and some other sources were the core of my HYIP. For a month or two, everything went very good. Weekly profit was around 5%. Then equity on forex account was significantly hit by bad position and crisis of USD. Since then my HYIP haven't recovered yet. But I decided to share my signals, which can help you to succeed with same tools I've made over 20% monthly profit. And I am still using it!

FOREX SIGNAL
It is an automatic signal and it predicts sell and buy orders when it is triggered. A very nice performance was Friday's profit based on first signal posted on Twitter of almost 100 pips! Tool for this signal I bought 10 months ago. Generally it works ok, but sometimes you have to watch for other variables which influence the forex market like economic news. Since I trade mostly Cable, GBP/USD pair is included in signal.

HORSE RACING SIGNAL
Since I wanted to have as much as possible portfolio of my HYIP, I made my own reverse engineering tool for betting. At the moment system is in test phase for horses, but model is made also for soccer. Results for horses are still testing, so use them with caution and on your own risk. The system reached 64% win ratio, but it should be above 80%. High ratio is needed due to the fact, that I use only lay system. This system is a result of over 1 year of practising betting for real money and program is made in collaboration with one of my HYIP investors.

In future I plan to spend more posts on betting, since this seems one of very good money making activities online - especially since it is not influenced by current bad economic moment and obvious forthcoming global recession.