Forex recommendations for beginners

Your success on Forex does not depend but on your experience and emotional stability. However, InstaForex Company hopes to make your way to it smoother with the help of the following recommendations.
1. Go for the basics
First of all, one should acquire profound knowledge of financial markets and technical analysis, to realize the laws according to which Forex functions and how to make profit on it.

Forex advatanges

Everyone who is interested in doing this business can work in the Internet in the international currency market Forex staying on-the-job. Only Forex works 24 hours except weekends and holidays! For drawing stable profits and significant income you will have to allow only 2-3 hours of your free time.
High yield rate of Forex currency market: during the day the deposit can be extended ten-fold. Even if you don’t think you are lucky and you are not a professional currency trader, it is much better than putting your funds into the bank and watch how they are decreased by the inflation.
Analysis effectiveness and changes forecasting on Forex market: having analyzed various trends of the market and economic situation in the world it is possible to forereach the rate fluctuations and direct your funds in the right way.
Total mobility of Forex market and perfect operational control of trading within it. You can earn in the Internet having just 1 dollar or 1000 dollars as well. Aside from this, the deals are executed momentarily. The operations can be stopped for a while and you can close your account any time, you also can manage your trading wherever you are, using the Internet from the personal computer, notebook or mobile phone.

Ask and Bid

When trader wants to open a deal at Forex market he/she should know the currency pair as well as the price of this pair. At Forex market the price of the currency pair is denoted by two symbols Ask and Bid, which has the specific digital notations.

Hedging

Hedging denotes safety and security. Hedging is protection of the client’s funds from unfavorable currency quoting rate fluctuations. The funds on the account are fixed at their current price through conducting deals at Forex. Thus, hedging helps to reduce the exposure to risks connected with the currency rate changes, which helps to achieve the result not being changed by their fluctuations.

Forex and Stock markets

 Forex market and stock market (stock and securities market) are two independent markets with no relation to each other. The difference between them is that at Forex market the currencies are being traded, and at stock market the stocks are bought and sold. Stock markets are often located at currency markets. The largest stock markets are situated in New York, London and Tokyo.

Trading psychology

Trading is less a work, than a psychology, on which your success or on the contrary, your failure at Forex market depends. If you decided to move to systematical trading, it does not unload emotional pressure at taking a trading decision entirely.

Swap-free or Islamic accounts

Swap-free accounts are also called Islamic because owners of such accounts exercise Islamic religion. According to the rules of the Mohammedan religion any business transactions, in which one of the parties must pay or get the interest from another party, are prohibited.

Islamic or swap-free accounts support deals with any currency pair and if position is transferred through the midnight a trader does not get and there is nothing withdrawn from trader's account regardless the volume of opened position. Islamic accounts were created especially for Muslims, because crediting swaps and interests is against their religion.

Accounts which are not influenced by swap allow their owners to hold positions as long as it is necessary. In this case the result of trading depends only on the currency rates change during the certain period of time.

Due to this peculiarity swap-free accounts became popular both in Islamic countries and worldwide. Many Forex brokers provide swap-free service for free.

And what is beyond spot FOREX?

Pipruit: Commander, I have an assumption, but I’m not sure if it’s correct… I just continuously return to the numbers that you’ve said to me about daily turnover and the share of spot market. But you also have talked about futures, swaps and other stuff that I don’t remember currently. It seems that the FOREX market is tremendously attractive as different members come there to trade in different ways…

FOREX Stats and numbers

Pipruit: Greetings Commander! I’m a little confused about all this stuff. I mean we are already discussed so many details, and I understood a lot more now. But can you give me some overall picture? I want to be able to see all the parts of the FOREX market. I just can’t put these important details into whole puzzle yet.

How are currencies traded in the FOREX market?

Commander in Pips: Well, the whole system of quoting prices is very simple. Currencies are traded in pairs. All possible pairs have already been created and available for trading. Other words, you will trade not a separate currency, but the pair and the quote is an exchange rate one currency to another.

How are currencies traded in the FOREX market?

Commander in Pips: Well, the whole system of quoting prices is very simple. Currencies are traded in pairs. All possible pairs have already been created and available for trading. Other words, you will trade not a separate currency, but the pair and the quote is an exchange rate one currency to another.

What is a trading object in the FOREX market?

Commander in Pips: Ok, troops, who can answer me this one simple question?

Pipruit: Well, we’ve just investigated that the FOREX is a money market, so I assume that the trading object of the market is MONEY.

FOREX – What is it?

Commander in Pips: Ok, troops, let’s get started with this. I suppose most of you, at least once, went to another country. As you know, different countries usually have different currencies. If you are in London, for example, you need British pounds to take a date out for dinner in restaurant. If you’re in Osaka – you need Japanese yen instead. And what do you usually do, when you’ve just arrived at the London airport? Yes, you’re searching for a currency exchange center to change some of your US Dollars or whatever else you have for British Pounds. Congratulations, when you’re doing this, you’ve just become a FOREX market participant.

Forex Traders Glossary

A After spike Amero Aussie B Back Testing Base Currency Basis Points Bearish BoE bow BRIC Bucket Shop Bullish Buy Limit Buy Stop C Cable Candles Churning Conflicting Releases Consolidation CPI Currency Codes Table D Deflation Deviation Dovish E EA ECB Elliott Wave EMA Expectation/Expected F Fed Fib Fiber Fibonacci Numbers Fibonacci Ratios Fibonacci Retracements Fibonacci Timeframes FOMC Forty-two G G20

G (cont.) G7 G8 GDP GU GY H Hawkish HYIP Hyperinflation I Inflation Islamic Account K Kiwi L Liquidity Loonie Lot Size LPOA M m/m Margin Call Market Maker Market Order Martingale Microlot Minilot Moving Average MT4 MT5 N Nanolot NFP No Riba Account O OCO OHLC P Pending Order Ponzi Scheme PPI Pre-release Profit Target Pulling the trigger Q q/q Quadruple Witching

Q (cont.) Quote Currency R RBA RBNZ Recession Requote Resistance Retrace Revision S Scalping Sell Limit Sell Stop Slippage SMA SNB Spike Standard Lot Sterling Stop hunting Stop loss Stopped out Stops Straddle Support Swap Free Account Swap Rates swing high swing low Swissy T Take Profit Time Frame Trading Platform Trailing Stop Trigger V Volatility W Whipsaw Wicks Y y/y Yard Z ZEW

Interest Rates

The Interest Rates tool covers the current interest rates of 8 major currencies.    Interest Rates
	USD 0.25%		JPY 0.10%
	EUR 1.50%		CHF 0.00%
	GBP 0.50%		CAD 1.00%
	AUD 4.75%		NZD 2.50%

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Pip Calculator

So, just how much is a pip worth? If it's a pair like EUR/USD or GBB/USD, it's easy. If it's the EUR/CHF, that gets a lot more complicated, unless you have the Pip Calculator.

 

Major Currency Converter

Planning to do some real-life foreign exchange before going on vacation. Make sure to visit the Currency Converter tool. The Major Currency Converter covers the most common options, but you can also use the Extended Currency Converter for those more exotic currencies

Forex Relative Currency Strength Calculator

Secret?! What is the secret to making a lot of money in forex?
- First it is to identify the currency that has the biggest chance to appreciate.
- Second it is to identify the currency that has the biggest chance to depreciate.
- Third is to match those two.

First problem. Did the US Dollar appreciate or depreciate last week? Most likely we wouldn't be able to answer that question, because it could've appreciated against Australian Dollar and Japanese Yen, but it could've depreciated against Canadian Dollar and British Pound.

Second problem. If we already know the past by having data for last week, and we still can't say which forex currency was the strongest and which forex currency was the weakest, then how in the world can we even try to predict the future that has no data yet?

Solution. Our free forex trading calculator can't predict the future but at least it can help us know the past. What this free software does is it compares growth of 1 major forex currency against growth of each of other 7 major currencies. Then the software gets 7 separate values, and averages it out.

If our forex software determines that the forex currency in question on average gained value over other 7 major forex currencies, the number turns green, and gives out average global appreciation value. If on the other hand our free software determines that the forex currency in question on average lost value over other 7 major forex currencies, the number turns red, gets negative sign in front of it, and gives out average global deprecation value.

That way without having to do any complicated calculations ourselves, we can instantly know whether the forex currency in question truly appreciated or depreciated last week. We can know that simply because our free forex trading software compared it to every other major forex currency, and calculated its average gain or loss on global level. 

Forex News Calendar

Trading the news is a technique to trade currencies on the strong short-term moves of the market spurred by the releases of the Economic News Reports as well as capitalizing on the deep long-term changes of the exchange rates caused by the central bank's policy shifts, unemployment, export, and interest rates changes.

Here’s Why Automated Forex Trading Rocks

Are you somebody who has been interested in foreign exchange trading for quite some time? If so, automated Forex trading is an incredibly profitable option that you should seriously consider. To find out more about the best automated forex trading software Click Here. For those who are unfamiliar with currency trading lets get a better understanding of what Forex Trading is and why an automated solution is preferable in this day and age.

Why Trade Forex?

Let’s talk a little bit more about why automated Forex trading makes so much sense. Many people who think about the financial markets will typically think about the stock market. That is the market that generally gets a lot of attention. However, anyone who has recently had to travel to a foreign country that has a different currency is keenly aware that foreign exchange trading is an extremely large market. As a matter of fact, Forex trading is estimated to be about 10 times as large of a market as the stock market. That may be hard for a lot of people to understand but essentially there are ‘traders’ all over the world constantly trading currencies back and forth and generating substantial profits when they are able to time the market correctly.

Where’as a stock will typically rise and fall based on news regarding earnings and product information, currency will rise and fall against other currencies as a result of a multitude of variables that can be extremely difficult for any one human being to process and understand in a large quantity. The key thing to understand here is that we are talking about making decisions regarding Forex trades they need to be made almost instantly. You simply do not have an opportunity to go away for 3 to 4 days to analyze the macro economic situation confronting a particular currency then come back and make an intelligent trade. These decisions need to be made instantly.

Automated Forex Trading Rocks!

The reason why automated Forex trading is so incredibly lucrative is because sophisticated Forex trading software will do 90% of the thinking for you as a result of its ability to analyze and absorbed vast quantities of data that you as an individual would not otherwise be able to compute quickly enough to get in on a trend or trade that could make you a substantial profit.

Some people are a little bit worried that this type of automated Forex trading software will begin making trades that are random and wild.  I’m not going to lie to you, this does happen with some automated Forex trading software, however the software we talk about and suggest on the automated forex trading pro has fail-safes to prevent massive losses. The reason why this happens is when people buy automated forex trading software which doesn’t have a proven track record on a LIVE account or they set up the parameters wrong – essentially instructing the software to make bad trades. Make no mistake, this isn’t the kind of system where you flick a switch and money begins pouring into your account – mainly because that kind of software does not exist!  Getting the right software with the right guidance helps ensure that you are only making trades that fit within whatever you have established as being an acceptable trade. If your ready to jump in and choose a Forex robot, check out our review on the Best Automated Forex trading Software.  If your still not sure, read some of the other articles on this site or get the Forex Robot Guide. Either way, take the first step to trying automated Forex trading today — it’s a smart way to trade Forex.

Top Google Adsense Workers

Its strange that some of the biggest proponents of Google Adsense are? I know I'm interested to know what is best as I can see their sites and see how he could see how much money do these people. I recognized most of these sites, sites with content generated by users in general, rated highly enough for the staff of Google Adsense. It seems that the kind of "community" of these pages, a lot of traffic tend to have, and we all know that traffic = money. So without further ado here is the list of the top eight Google Adsense have collected from online resources.