How To Improve Your Currency Trading Game

By Richard Shell

I had an idea about writing an article about punters. My first task was to find a sensible definition for the term in relation to forex trading - the subject for my piece. There was far too many definitions of the word 'punt', but my searches for 'punter' yielded the one I required. According to a British source, a punter is a person who speculates money, often against a bookmaker in the form of bets.

Having discovered what a punter is, I needed to know what a punter is forex trading was. I had not come across any sort of formal definition. Traditionally, a punter refers to someone who trades on instinct, often against market trends. This follows the British definition for 'punter' that I had found, which implies an attitude more akin to gambling than trading.

My desire to write an article about punting is partly down to the fact that after decades of forex trading, I occasionally have the urge to take a punt, to gamble on a trade. It is only discipline that prevents me from going ahead. In my early days, I was a bank trader. This was before the days of screens providing all the market details, and we had to rely on instinct in order to trade. Perhaps it is this background which leads to my desire to punt nowadays. On the contrary, it may be the wealth of market information that we now have available. You can focus on the price action on the screens and get drawn into trading that way. Either way, punting is not a method for long term success, no matter how good your market instincts are.

When trading simply on instinct, one often gets early profits when you are right, but the losses are often too late when you are wrong. These types of trades are not based on risk/reward strategies, which have defined targets and stop points. These trades are based on using gut instinct to hope that you have timed the trade to coincide with the top or bottom of the market.

Today there was an event that encouraged me to begin to write this article. After the bank of Canada announced its decision on monetary policy - to keep rates unchanged - the USD/CAD firmed. The previous day, the rate had closed at 1.0298, after a sharp fall in line with a weaker USD. Before the announcement, trading was around 1.0310. However, afterwards, the price began to firm and punters were instinctively looking to sell at each pause. This was also my instinct, but experience told me to look at the charts and I abandoned the idea. Punters were lured into trading as the USD/CAD paused at various levels, but it carried on rising higher, until peaking at around 1.0525. Some punters may have been fortunate enough to gain a few pips, but the price action offered a poor risk/reward. The losses far outweighed the gains if the timing of entry was not perfect.

Neither punting, nor any other form of forex trading, are a guaranteed method for long term success. It has been said before, and it is worth reiterating, traders who treat currency trading as though they are gambling in a casino, will get the same results in the long term as though they were gambling in a casino. If forex trading is treated as a business, with strong analyses, risk/reward ratio strategies and good money management, there is a far greater chance of success. - 23218

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Automated Forex is a great way to invest. Come over to our site to learn how to do it automated!

Forex Day Trading Training Could Be Helpful

By Kristen Blankenbaker

Online day trading is fast paced. The market is a volatile place and new day traders need to stick to a budget. They should know how to hold stock, know how to sell stock know how to withdraw from the trade when trade is not in their favor.

Online day trading requires good dependable equipment. A good computer for trading, with a memory capacity of 1024mb RAM is required. Experts are divided about the number of monitors required for this activity.

The online platform of the broker should be dependable and all services should be instantly accessible. Access to the account of the trader should be easy and the response should be quick and efficient. The trader should be able to place orders and get results before the market closes.

The website of the broker should be easy to use and constant updates should be available to the trader. The broker should execute orders instantly with small margins and low spreads. All transactions should be secure online transactions that are encrypted and password protected.

Experts believe that money management in this type of trading is more important than other forms of trading. Experts also advice that borrowed funds should not be used in this activity because an adverse decision could land the trader deep in debt.

This is why it is important to have access to an excellent software program or platform that can help deliver expansive statistics on the market. From this information, one can make a much more well informed decision.

This is no place for greed. The market is so volatile that it is impossible to predict when stocks will crash. However, for the disciplined trader the probability of making a good profit is a distinct possibility.

here are a couple of things that make binaries particularly well suited for day trading activities -- namely the extremely short holding period (typically an hour), the high rate of return (typically upwards of 60%), and the ability to trade freely without commissions or pricing spreads to worry about.

Another really nice feature about working with a binary option is that investors buy them in quantities similar to the way they would buy mutual funds -- i.e. in exact dollar amounts. That makes it an easy investment to fit into a budget -- no guess work as to what the settlement amount of a trade will be. - 23218

About the Author:

Kristin writes for Investools review and informs you about the Investools scam.

Learn About The Hidden Truths Behind Trading For A Living

By Peter Skonctuedt

If you are one of those people that do not normally trade to make a living then the first question you will put to someone that does is how they succeed in trading for a living. Of course, others might argue the fact that what constitutes a living for one person may not be the same for another person. For example, for many of us making a living would mean earning fifty thousand dollars a year while for others it could mean earning ten times that amount.

So, before you get an answer to the question as to how you can succeed in trading for a living it is necessary to identify the amount of money you have available and also how much you wish to earn. What's more, there are some traders that are ready to risk all of their money to earn the same amount while other people would risk less money and expect to earn less.

It is also not possible to make accurate and consistent predictions about what these large numbers of traders will do at any time and so trading to earn a living is not the best course of action. In fact, volatility in the short term is also quite random and the prices too will be fluctuating up and down in short periods of time which means that it is meaningless to think in terms of following support levels. This actually means that when trading in stocks you are going to be pitted against the odds and so will probably end up losing money more often than you make money.

This is why if you come across an advertisement claiming to help people make money from trading in stocks you should fight shy of these ads. These people don't actually trade for themselves because they know the odds are against them and so will recommend that others do the trading and this is why they will willingly offer to teach them how to make trades. The simple truth is that only a few handful and expert people can succeed in making money out of trading in the stock market; most others will fail.

You can, for example, purchase a stock on a Monday and then when the stock moves in an anticipated direction, over the next few days, you will start to earn money for as long as you hold on to the stock. This shows that for a single act (buying the stock) you will make money over and over again (for each day that you hold on to the stock).

Even if you do behave like a would-be Olympic champion there is still no guarantee that you will succeed because even a single mistake at any time can put paid to all your efforts and causes a huge loss of money to you.

Trading for a living also means enjoying flexible hours and you can in fact trade whenever you want to and you can also always take a day or two whenever you want to. This means that you will always have plenty of time and you can also earn as much as you want to make. There are in fact no limits to how much money a person can make in this manner.

Most people that have succeeded in trading for a living have realized that they do not need to monitor the market on an hourly basis. What is required is managing their trades for between ten to sixty minutes on a daily basis. But remember what an old adage says and that is that you may be able to do anything in your life; just don't attempt to do everything because that is a surefire means of inviting failure instead of success. - 23218

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Are you tired of scraping by at your day job? Why not get into the stock trading and make some money the easy way... with the guidance of artificial intelligence! Get more info about trading for a living... Also check the best stock picking software.

5 Great Tips In Choosing The Right Kind Of Forex Education

By Bart Icles

There are tons of companies offering different types of forex education, from the most basic down to the most advanced, and choosing the one or the ones that would really work, not to mention would be worth the money that you would be shelling out, can be a very daunting task if you are really bent on being a good and successful forex trader.

One of the most feared factor of the forex market and trading in it is that there is a very small percentage of traders who succeed in their trading endeavors. Having the right type of forex education, from the most basic up to the most comprehensive, is a very important factor in order to avoid losses and to secure the forex trading success that all forex traders are craving. But since there are different types of forex education out there, to make the task of choosing the right ones not too daunting anymore, a budding forex trader should abide by the following tips:

1. You should not really rely on day trading systems. Most day trade systems sell with the theory of making money on a daily basis and, at the same time, having a very low risk of loss. However, this is simply not the reality. The opposite is.

2. A forex education should give you the leeway to have real time data of any of your forex trading activity to ensure that you are on the right track at all times by being able to make the right calls at the right time. This will greatly reduce losses and can make forex trading one of the most, if not the most, rewarding ventures that you will ever encounter.

3. You should do a research first on the backgrounds of your forex education provider options in order to ensure that you would be in good hands. There are lots of forex brokers who are not successful who are offering forex education that they claim really works. If it did, then they would just really be venturing into forex trading and not on selling what they claim are forex education that works, right?

4. Once you have chosen the forex education that you feel would really work for you, you should understand it as a whole. Not having a clear understanding of it defeats the purpose of choosing to have it in the first place.

5. Keep in mind that the best forex education that you can find is free. Use different types of resources, like your fellow traders, online blogs, etc.

Being forex savvy is very important in order to be successful in any forex trading activity there is. Make your forex education always work to your advantage. - 23218

About the Author:

Managed forex starts with a desire to learn and a drive to become a great trader. Learning mini forex trading takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Has The Real Estate Market Hit Bottom Yet?

By Carmelo Rosario

It is amusing to me to hear the variety of opinions on the economy. It's funny how "experts" seem to emerge onto the scene while people grope for answers that would, hopefully, reveal a ray of hope. Nonetheless, our economy will do what it will do regardless of what the pundits predict.

Around the first quarter of the year the country saw a steep decline in the retail values of the housing market. In fact, it happened to be 60%, and even though the 2nd and 3rd quarters had minor gains, it was only a slowdown of the overall process. Today, realtors are predicting that there will be a slow steady rise in home values. According to them, it's smooth sailing from here.

Let's examine this line of thought. Better yet, we will look at the facts and see whether or not these guys are really in touch with reality. Most of us have heard of the principle of "supply and demand." It's really very simple. Price is predicated upon the demand for a product balanced by its availability. Back in spring 2007 potential buyers began to hold back after observing a winter where over-inflated home prices were no longer inflating. When the seasonal market opened in the 2nd quarter buyers were now reluctant to pay prices without regard for the usual cautionary considerations like before. It was a bit of a sobering time for many. Since then deflation has been the trend.

Now, traditionally families prefer to move during the school summer break. How many are content to transfer their family's residence once school is back in? Not most. Hence, there is greater demand during this time and prices are logically driven upwards.......even if only a little.

After we saw a greater demand, the banks decided to hold the flow of foreclosures that surfaced. You would think that since these were held back the market values would fall. The truth is it did happen, and lowering the supply allowed the demand for each real estate investment to rise for cash homes buyers.

So what exactly does this mean for the future? Well, once school rolled around, September brought about several foreclosures. Even though things looked great just one month prior, the supply started growing and the demand was falling short. Right now you will find a healthy supply of foreclosures that haven't even been processed. So you can most likely see much of the same until next spring.

Another thing to understand is that many of these foreclosures are considered "A paper" loans. Those who have larger incomes realize what is happening, and decide to get rid of their homes and relieving a monumental piece of debt. However, two years from now they will be able to purchase the same home for much less and end up making out. You can see that this makes complete sense.

What it comes down to is there are interesting real estate investment opportunities for cash homes buyers. This is why we purchase homes in the U.S. during these specific market conditions. If you can apply the "supply and demand" scenario, chances are you can make insane profits. - 23218

About the Author:

Lance Wilson an active Invesdoor Territory Managers and real estate investment expert . Need to Sell Your Home , we Buy Houses for cash fast . We pay cash for homes.