Disclaimer

Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

Two Forex Goodies You Should See

I always like to share high quality Forex training and resources with you. While I am in favor of paying for training and education, as I believe knowing more about this market is key to your success, you can often find golden nuggets of complimentary Forex knowledge that can really help you in your trading.

Today, I want to share two such resources with you:

  1. The Euro Makes a Stand Video
  2. Forex Ultimate System Free Training With Bob Iaccino

(I’ve arranged for both links to open in a new window so you can get them both right here from this page).

Here’s why I think you need to check both of these resources out to improve your trading:

1. Euro Makes a Stand – This is a free video from my friends at INO, a team of experts in all fields of investment and value creation. This is a short video that analyzes the current market condition of the Euro.

If you’re keeping up with the financial and Forex news, then you must know that the Euro is the currency to watch out for. There will be a lot of opportunities surrounding the Euro in 2010 and you need to have all the knowledge you can to make the most of them.

So, check out this complimentary video to get a new perspective on the Euro.

Watch the video here: Euro Makes a Stand Video

2. The second resource is a series of video Forex trainings given away by Bob Iaccino.

Bob is a well known expert who is frequently interviewed on TV and in major publications about all sorts of investment issues. Let’s just say that he knows his stuff inside and out. He calls this series of videos the Forex Ultimate System, which is something of a flashy name, for sure, but the quality of his teachings is top notch.

Some of Bob’s trainings are for new traders but they quickly become advanced and profound. You may get more from the following videos than from the first if you already have some experience, but it’s worth waiting for.

Check out Bob Iaccino’s no-cost Forex training video series here: Forex Ultimate System Video Series.

Use both of these no-cost resources to become a better trader. Take a few moments of your time and watch them both right now.

July 3rd, 2010 | Tags: , | Category: Forex News, Forex trading | Leave a comment

Forex Analysis Paralysis

Let me ask you a direct question and try to answer it honestly: do you suffer from Forex Analysis Paralysis?

Do you ever find yourself not being able to make a decision whether or not to place a trade, at which price to enter the market, where to place your Stop Loss and Take Profit prices? Do you agonize over this decision so badly that you end up doing nothing at all?

If so, you may be having a case of analysis paralysis, when you think so much about something that you just don’t ever make a decision and end up doing nothing at all (which is also a decision by itself, but that’s the topic of a future post).

The reason why it can be hard to make trading decisions is that you’re placing your money at a certain risk. You can’t help but worry about how this trade or the next are going to turn out.

However, you must also remember that NOT being able to trade quickly and efficiently will also cost you money:

  1. You may miss opportunities of a profit.
  2. You may not get into the market at the right time due to your endless thinking.
  3. You’re going to waste a lot of time you could have used to seek out new possible trades or to get a more advanced Forex education.

Always worrying about your trading can also lead you to have anxiety and to hate trading altogether.

The best way to eliminate Forex Analysis Paralysis is to get a proper Forex Mental training such as the one in the Forex Mental Fitness program and to trade with a system.

Trading with a system is very important as it takes much of the paralysis and thinking out of the trading process. As long as you have a trading system you can use and trust, you don’t need to think too much about when to enter a trade, when to get out, and so on. You have simple rules to follow and that’s it.

A trading system gives you a framework with which you can trade with confidence. You won’t need to suffer from analysis paralysis ever again.

There are many systems you can use, including some I don’t know myself. One system that has excellent results is the LMT Forex Formula by Dean Saunders which is pretty simple to use, but you may choose to trade with another system. It’s up to you.

However, it’s crucial that you use a system to be able to trade calmly and with confidence from now on.

June 28th, 2010 | Category: Forex trading | Leave a comment

3 Things That Influence Forex Prices

As part of every trader’s desire to try and understand the market and make Forex predictions, you must try to find the things that influence the prices of currency pairs.

Naturally, there are many financial, political, and other factors that all weigh in and help push the market in various directions. In this article I want to focus on three of these factors.

1. Interest rates – Much of the money that’s flowing through the Foreign Exchange market has little to do with actual trading as you as a trader will do. Banks, stock funds, bond funds, and global companies all buy and sell financial assets that are quoted in one currency with another. For instance, if I were in Britain and wanted to buy shares of Apple, I’d have to exchange my British Pounds for US Dollars.

One of the things that may cause me to invest more of my money in assets quoted in one currency over another are interest rates. These often provide a benchmark by which the return on my investments are calculated. For instance, if the Interest rates in the US are 1% and in Europe they are 3%, I will get a bigger return for European bonds than for US ones (this is a generalization but it is often this case).

This is why changes in national interest rates can lead to massive movements in the Forex markets and can change the value of currency pairs.

2. Oil prices – Oil is the most important commodity in today’s global economy. It’s price influences that of the USD and all the currency pairs in which it is involved. The reason is that oil prices are quoted in US dollars, so when the price of oil changes, so does the oil buying power of the USD changes.

For instance, if a barrel used to cost $60 and now it costs $54, you can buy 10% more oil with each dollar so its buying power and value should rise, which often happens. Other commodities also help influence the prices of currencies but oil seems to be the biggest thing.

3. Fear – Overall fear and financial uncertainty can make some currencies more popular than others. The USD is often viewed as a safe haven currency, a place where people flee to when all other investments seem scary or uncertain. It is often the case that when the stock market seems shaky that the US dollar rises in value. So, pay attention to the overall fear in the market. It may change Forex prices.

These 3 factors or influences are not deterministic. They will not work 100% of the time. However, they can prove to be a good tool by which to analyze the Forex market better.

June 26th, 2010 | Tags: , , | Category: Forex trading | Leave a comment

Is the Collapsing Economy Good For Forex traders?

If you’re worried about the state of the global economy and the crazy way the stock market is behaving recently, then you’ll probably be as surprised as I was to discover that all this market upheaval has been creating huge pockets of opportunity in Forex. While stock investors have lost their shirt, Forex traders have had massive success.

Recently, select groups of well-informed individuals have been diversifying their investment portfolios by siphoning profit out of this market… day after day, in a methodical, step-by-step fashion…

And they’ve been using a somewhat unorthodox method of trading the Forex markets that’s been causing a lot of raised eyebrows among traders, because of its unconventional approach to profit-taking.

Want to see how this is done?

—————————-
COMPLIMENTARY VIDEO TRAINING <– Get immediate access NOW
—————————-

I just got my hands on a brand new, 3-part video training series that shows you how this “insider” group is doing it, and how you can participate, too.

* And the best part is… the training is entirely free. Yes, zero dollars and zero cents.

Access the first video here:
COMPLIMENTARY VIDEO TRAINING <– Get immediate access NOW

Inside you’ll learn:

* 2 “tricks” most traders flat-out MISS, which, if you know how to spot them, can turn an otherwise losing trade into a profit powerhouse…

* The huge “edge” you get over other traders when you automatically identify the ruling trend at any point in time… and then “throw yourself in front of it” in a smart way…

* The #1 key to trading Forex you MUST do EVERY SINGLE TIMEbefore you place a trade before even thinking about profit. When you do this, you automatically “up the odds” that your trade will end in profit

* …and a TON more.

Have a notebook and pen ready when you watch this. The future of your trading balance could depend on it…

Here’s the access page again for the first video:

COMPLIMENTARY VIDEO TRAINING <– Get immediate access NOW

By the way, this 3-part, complimentary video training on the Forex markets will only remain online for a short time, so please be sure to check it out before it’s gone. Access it here:

COMPLIMENTARY VIDEO TRAINING <– Get immediate access NOW

June 22nd, 2010 | Category: Forex News | Leave a comment
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