Insider Secrets of Online Currency Trading

Welcome to Insider Secrets of Online Currency Trading. I want to take the opportunity to describe the format and purpose of this course. This ebook will be the most valuable resource that you will ever have for Forex trading.

This ezine was created for all levels of Forex investors. Knowledge is the most essential component of your success with online currency trading. Insider Secrets of Online Currency Trading will supply you with the information that is crucial to succeed with Forex investing. You will also learn insider secrets that nobody else is divulging. The purpose of this publication is to expose little know secrets of Forex trading that can be implemented for free to predict foreign currency price trends.

Even if you are completely new to the Forex you probably know that there is a lot of information out there. If you wait until you know everything about the Forex to get started, you will never get started. Over the next 5 lessons you will receive brief summaries about the basic concepts of Forex trading. These lessons are designed to teach you the basic concepts of how the Forex works. The next 5 lessons are only the beginning.

You will also be able to plug in to the most comprehensive Forex knowledge base online for free (more details about that later)! I own and operate several Forex trading websites. The most prominent and well known website that I run is 4xtrend.com. Insider Secrets of Online Currency Trading has the basic content that I would like all of my trading proteges to know!

You will also learn how to add new tricks to your Forex "bag of tricks." We will discuss different topics that will enhance your trading style, regardless of experience level.

Forex Trading Signals Service - Buy and Sell Forex Signals

* Focus on just one time frame each day
* Accurate Buy and Sell Alerts with Entry, Exit and Stop-Loss Points
* Web-based, E-mail & SMS Alerts
* Real-Live Forex Trading Account Log

“This service was strictly designed to help you generate income from the Forex market, regardless of your current knowledge or trading skills.”

This Forex Trading Signals Service gives very valuable information and when used can very will help you to make unbelievable profits in forex trading.

Having accurate, up to date and understandable information goes along way in trading.

Forex Trading Signals

GCI offers its clients free Forex trading signals from ForexSignals.net! If you are not yet a GCI client, you can try a free practice account by submitting the form below. The practice account is a no-risk way to test our trading software and online execution. Visit ForexSignals.net for details on their performance and methodology.

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Live prices in Forex, options, shares, indices, and commodities. Just click on the price to place a trade.
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Easy-to-understand account statements, free real time Charts and News accessible from both Demo and Live accounts.
* Instructions and your demo password will be sent to your e-mail address immediately.

FOREX TRADING: Fundamental Analysis & Economic Indicators

Most FOREX traders rely on analysis to make plan their trading strategy. This article will discuss fundamental analysis. The other common form of analysis is technical analysis. After reading this article you should have a better understanding of fundamental analysis and how to use it as part of your FOREX strategy.

Political and economic changes are the basis of fundamental analysis. These can frequently affect currency prices. Traders that take advantage of fundamental analysis will gather their information from a variety of news sources. They are looking for information about unemployment forecasts, political ideologies, economic policies, inflation and growth rates.

Fundamental analysis will provide you with an overview of currency movements and a broad picture of the economic conditions. Most traders then will combine their fundamental analysis with technical analysis to plot actual entrance and exit points as well as confirming the information provided by their fundamental analysis.

Just like most markets the FOREX market is controlled by supply and demand. Many economic factors can affect the supply and demand but the two most critical ones are interest rates and the strength of the economy. The over all strength of the economy is affected by changes in the GDP, trade balances and the amount of foreign investment.

There are many economic indicators released by government and academic sources. These indicators are usually released on a monthly basis but will sometimes be released weekly. These are pretty reliable measures of economic health and are closely followed by all traders.

There are many indicators that are released but some of the most important and commonly followed are : interest rates, international trade, CPI, durable goods orders, PPI, PMI and retail orders.

Interest Rates - can cause a currency to either strengthen or weaken depending on the direction of movement. In some cases high interest rates will attract foreign money, however high interest rates will frequently cause stock market investors to sell of their portfolios. They do this believing that the higher cost of borrowing money will adversely affect many companies. If enough investors sell of their holdings in can cause a downturn in the market and negatively affect the economy.

Which of these two affects will take place depends on many complex factors, but there is usually an agreement among economic observers as to how the current change in interest rates will affect the general economy and the price of the currency.

International Trade - If there is a trade deficit (more items imported than exported) it is usually considered a negative indicator. When there is a trade deficit it means that more money is leaving the country to buy foreign goods than is entering the country and this can have a devaluing effect on the currency. Usually though trade imbalances are already factored into the market consideration. If a country normally operates with a trade deficit then there should not be an affect on the currency price. The currency price will normally only be effected by trade differences when the deficit is greater than the market expected.

The measurement of the cost of living (CPI) and the cost of producing goods (PPI) are a couple of other important indicators. You should also watch the GDP which measures the value of all the goods produced in a country and the M2 Money Supply which measures the total amount of currency for a country.

In the US alone there are 28 major indicators, these can have a strong effect on the financial market and should be closely watched. This information can be found many places on the internet and is provided by many brokers

Forex Trading Guide: What are the World Time Zones?

GMT, EST, PST, and CET

GMT (also known as UTC or Coordinated Universal Time) is the time along the Prime Meridian (0 degree longitude) which passes through Greenwich, England. It is the standard time used in the field of astronomy, meteorology and other scientific disciplines around the world, and the standard used to reference market data from all countries around the world participating in the world market.

EST or Eastern Standard Time is five(5) hours late of GMT, while PST or Pacific Standard Time is late by eight(8) hours. Hence, if a market data will be coming out in EST, just add five(5) hours to get the time in GMT. To convert PST to GMT, just add eight(8) hours.

CET or Central European Time is one(1) hour ahead of Greenwich Mean Time (GMT). Note that during summer daylight saving time/summer time is observed, and CEST (Central European Summer Time) is used instead (GMT + 2 Hours).

Daylight Saving Time (DST)

From the last Sunday in October through the last Saturday in March standard time in the United States of America and other European countries is noted as Central Standard Time (CST), (EST), (MST) or (PST). During summer, that is, from the last Sunday in March through the Last Saturday in October, daylight savings time is noted as Central Daylight Time (CDT), (EDT), (MDT) or (PDT) which is one hour added to standard time. So to convert EDT to GMT, just add four(4) hours. Below is a summary of the conversions, this time converting GMT to EST or PST.

The Best Hours for Forex Trading

Forex (foreign exchange) is a highly dynamic market with lots of price oscillations in a single minute, this characteristic of the Forex market allows traders to enter the market many times a day and pull some profit from these number of trades. If you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest. More information can be found at http://www.1-forex.com

The main timing characteristics of the Forex market are the following:

* The Forex market is a 24 hour market – It starts from Sunday 5.00 pm EST through Friday 4.00 pm EST. Rollover at 5.00 pm EST

* Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America

* The US & UK account for more than 50% of the market transactions

* Forex Major markets: London, New York, Tokyo

* Nearly two-thirds of New York activity occurs in the morning hours while European markets are open

* Forex Trading activity is heaviest when major markets overlap.

From this timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one forex market closes, another forex market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day.

The great liquidity of Forex (foreign exchange), combined with a market that's traded 5.5 days a week around the world, offers you an exceptional independence and choices to trade Forex when you want to and not when the market wants you to do it. Trades always develop with relatively the same frequency, regardless of time. As long as the Forex market is open, there is about the same probability that you will find a trade, whenever your look for it.

During each trading day, the total Forex “volume” is determined by the number of markets that are open and the times each of these markets overlap one another.

Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market (including Australia & New Zealand), the European market and the U.S. market are open simultaneously. And these are forex trading hours you must target in order to find the highest possible amount of profitable trades.

This is the breakdown of OPEN Market Times for your reference:

* New York Market trade times: 8am-4pm EST
* London Market trade times: 2am-12Noon EST
* Great Britain Market trade times: 3am-11am EST
* Tokyo Market trade times: 8pm-4am EST
* Australia Market trade times: 7pm-3am EST

If you pay attention to the last schedule you will notice that there are two times when two of the major markets overlap during trading hours; between 2am and 4am EST (Asian/European) and between 8am to 12pm EST(European/N. American).

So here you have it, if you want to find a great number of profitable trades, focus on the hours when the markets tend to make their biggest moves, i.e., during these big markets overlaps, which therefore, are usually the Best Times to Trade

Forex & Trading

Forex Education - These Traders Learned Trading In Just 14 Days and Made Millions - How?

If you want to learn forex and get the best Forex education you need to know about “the turtles” You may never have heard of them but these traders learned to trade in just 14 days ( they had no previous experience and went on to make $100 million! How did they do it? Let’s find out.In 1984, trading legend Richard Dennis taught a Trend Following trading methodology to the group of students above, to prove that the skills required to trade successfully could be specifically learned by ANYONE.Dennis was settling An argument with business partner William Eckhardt.Dennis believed anyone could learn to trade, Eckhardt disagreed.The “turtle” experiment was then carried out to prove who was right and all the potential traders were from different walks of life and all had no experience of trading.The group included:• An actor• A security guard• Two card players• An auditor• A boy fresh from school• A woman exchange clerkThe ExperimentThis group of 14 traders then proved Dennis right by earning an average annual compound rate of return of 80%, making over $100 million dollars for Dennis and many went on to become trading legends who still trade today.What You Can Learn From The Turtles?If you are embarking upon learning Forex trading and getting a Forex education the experiment has several key points you need to consider in your own Forex trading strategy.The reason most traders fail is simply they cannot get the right mindset to succeed and this sees 95% lose.The turtle trading experiment taught them the RIGHT MINDSET to trade successfully and gave them a set of rules they could believe in and have confidence in.The system they were taught was simple, anyone could learn it and Dennis knew that simple systems work best as not only are they more robust in real time trading than complicated ones – but they are easier for traders to have confidence in as well.Dennis taught them to have confidence in the system they were trading, and follow it rigidly to achieve success and this is the simple formula you need to learn as part of your own Forex education – if you do you could enjoy currency trading success to.A Simple System + Discipline = Trading SuccessKeep in mind they did this all in 14 days!So its not the effort you put it in that makes a forex trader successful its working smart in the right areas that will give you success.Remember:You don’t get a reward in Forex trading for being clever or working hard, you get your reward for being RIGHT – PERIOD.So when you consider your own Forex trading get a simple system that you can have confidence in and you will then be able to apply it with rigid discipline - this is really the key to currency trading success.Of course you may not become as rich as the turtles did but if you learn the right Forex education you can become a successful trader the opportunity is open to all and the potential is huge.Forex trading is an exciting challenge so if you have the right mindset and are prepared to work hard in the right areas you could change your financial future for ever. The question is:The challenge is open but are you up to the challenge? -If you are welcome to the worlds most exciting business opportunity!