OnlineTradingProfits.com » Investing http://www.onlinetradingprofits.com Follow the transition from a hobby trader to a trader who trades for a living! Thu, 29 Jul 2010 06:12:04 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Beginner’s Guide to Forex and Automated Forex Trading http://www.onlinetradingprofits.com/2010/02/16/beginners-guide-to-forex-and-automated-forex/ http://www.onlinetradingprofits.com/2010/02/16/beginners-guide-to-forex-and-automated-forex/#comments Tue, 16 Feb 2010 13:12:07 +0000 TradingAdmin http://www.onlinetradingprofits.com/2010/02/16/beginners-guide-to-forex-and-automated-forex/ Forex, or foreign exchange trading, is growing by leaps and bounds. It is becoming as popular (if not more) than the stock market, and Forex traders are discovering small fortunes every day! If you’re new to Forex, you might find it to be confusing at first. Use the quick beginner’s guide to Forex below to learn more about Forex and automated Forex.

What is Forex?

Forex is the act of trading various currencies from around the world. The Forex market started in the 1970s, but has in recent years caught on like wildfire in the stock market world. Forex trading systems record about USD $1.5 trillion in transactions every single day!

The goal in Forex trading is to make a profit when currency values increase or decrease within a currency pair. You will trade only when you expect the value of a currency to increase. In a currency pair, when the currency you bought increases, then you must sell the other currency to make a profit. An open trade, or open position, is a type of trade in which you have already purchased or sold a currency pair, but have not yet bought back an equivalent amount.

The five most significant currency pairs in Forex right now are USD/Yen, Euro/Yen, Pound/USD, Swiss franc/USD, and the Euro/USD.

To get started in Forex trading, you will create a Forex account through a Forex broker. Then, you will need to create a Forex trading strategy that works best for you. The strategy you choose should be tested using a practice account if possible before you start investing your real money. This will enable you to become familiar with Forex trading without risk.

Advantages and Disadvantages of Forex Trading

Forex trading offers a number of advantages. It offers more chances to make short-term profits than the stock market because money moves faster in Forex. The trading opens and closes within only a few seconds, so money can be made quickly. Also, Forex trading is easier to monitor than the stock market because you are only keeping up with currencies, not hundreds or thousands of companies.

There are a few disadvantages as well. Forex trading is risky as is the stock market. Because trading occurs so frequently, Forex trading requires constant monitoring throughout the day to enjoy maximum benefits. Those who don’t have time to monitor their Forex trading might lose more than they gain.

Automated Forex

With a new Forex trading system called automated Forex, you can enjoy the benefits of Forex without continual monitoring. Automated Forex is accomplished through trading software. The software monitors the Forex market for you by receiving Forex signals from trading systems and by using daily charts to analyze trends in Forex 24/7. The creation of automated Forex was based on a manual technique that has been used successfully by trading experts for years.

Automated Forex software is available from a number of companies online and offers you the advantage of around-the-clock trading. With these easy day trade signals, your automated Forex software will be able to trade for you while you’re away and while you’re sleeping. You never have to do the trading yourself, and you don’t have to worry about it constantly when you’re away. It’s like having an expert advisor system in your own home or office PC.

Forex trading can be lucrative for you if you study the system and find a great strategy. Use online resources and helpful automated Forex tools to get started right away!

Article Source: http://www.itempad.com

Tags: Forex, Investing

]]> http://www.onlinetradingprofits.com/2010/02/16/beginners-guide-to-forex-and-automated-forex/feed/ 0 Selecting Your Forex Trading Platform Carefully http://www.onlinetradingprofits.com/2010/02/03/selecting-your-forex-trading-platform-carefully/ http://www.onlinetradingprofits.com/2010/02/03/selecting-your-forex-trading-platform-carefully/#comments Wed, 03 Feb 2010 19:03:12 +0000 TradingAdmin http://www.onlinetradingprofits.com/2010/02/03/selecting-your-forex-trading-platform-carefully/

Choosing your forex trading system that is easy for you to use provides more than convenience. In the serious business of trading foreign currency time really is money and not just some empty buzz word.

Let us begin to explore and discover some other compelling benefits of a forex trading platform that contributes in a major way to a traders overall success and profit margin.

#1 Accuracy: of the forex trading platform

Foreign currency trading is done in real time while every second exchange rates quickly change. When a trader executes a forex trade and locks in the exchange rate that transaction should be recorded immediately.

Since a quote can only be precise at the moment it’s displayed any delays in processing the trade will cost traders in lost profits. Your forex trading platform software should access servers with the most accurate exchange rates available.

A web browser based trading platform makes it easy to trade forex from any location in the world with Internet access since there is no software to download. This ensures that your stop loss and take profit targets are executed exactly as you placed them (the suggested method for forex trading).

#2 Security: of the forex trading platform

Of course it goes without saying that any forex trading platform you decide on should be highly secure to protect your account and private information. It should allow you to fund your trading account securely with a variety of options including credit card, western union and paypal if needed.

#3 Integrity: of the forex trading platform

A forex broker providing transparent services is a worthwhile choice for any forex trader. All costs associated with the trading platform and trading account in general should be disclosed up front.

Integrity means not having to pay any hidden commission charges or fees for making deposits and withdrawals. Bank costs that are part of doing business as a forex dealer are not passed on to you the forex trader.

Beware of any service provider that does not provide sufficient firewall protection and some sort advanced SSL for user authentication and data transfer.

Forex Trading System can seem overwhelming If you’re new to forex, and you’re going to need forex charts to assist you along they way. while you develop your forex trading system, you will want to use the demo accounts that many trade brokers provide. They will most of the time provide free forex charts as part of their demo system.

You can search the Internet for forex or “forex charts” for more details. The choices will be a bit overwhelming at first but you will be fine once you have done a little homework. You will have to do research to find a good match that fits your needs, both with the forex trading system and forex charts themselves. You may have to compare a few of them and match them up to get your specialized needs met.

As you get beter and better with your new FOREX TRADING skills, you ll find you re more discerning of the tools. And you ll begin to notice more features on the forex charts. The forex trading signals should be standard on most site, however the way they integrate witht he charts may function differently and take some getting used to.

So the more you search and find forex trading signals you ll find those that are a good fit that closely fit with your requirements. Your forex trading system will become more and more refined with practice. And that’s the best way to learn forex by practicing with a demo account before you go live.

Learning the forex charts and the forex trading system of different brokers will be frustrating to start. Stick with it, and it will be worth it in the long run. Don t accept the first one you try, or even the one your friend uses. The Forex trading system and forex charts are very personal so take the time to find out what works best for you. Because you’re going to be spending a lot of time together. So get comfortable.

The only way to pick a forex trading system and forex charts is to take recommendations and suggestions from this and other articles, trainers and friends. But then make it your own. Find a perfect fit for your forex trading system needs.

Copyright (c) 2008 Orlando Thompson

Finding a good Forex Trading platform is very important when you are new to forex trading. Selecting a forex trading system that is easy for any user to use provides more than convenience. In the serious business of trading foreign currency time really is money.

Information about the Author: Finance Articles: http://www.article-buzz.com

Tags: Forex, General Trading, Investing, Trading Platforms

]]> http://www.onlinetradingprofits.com/2010/02/03/selecting-your-forex-trading-platform-carefully/feed/ 0 How do stocks get published so quickly and how is it so incorruptible? http://www.onlinetradingprofits.com/2009/01/25/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/ http://www.onlinetradingprofits.com/2009/01/25/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/#comments Sun, 25 Jan 2009 03:34:17 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/25/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/ stocks
allan asked:


When I am reading my tv screen and I see that a particular company has “gone up” or “down”, where did that tv station or newspaper get the information so quickly to publish? Actually more specifically, how does all this information about pricing of stocks in general get reviewed and published so instantly? How does this happen and what system enables it to happen? How is it so incorruptible?

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/25/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/feed/ 2 What stocks pay the highest dividend/dividend yield? http://www.onlinetradingprofits.com/2009/01/24/what-stocks-pay-the-highest-dividenddividend-yield/ http://www.onlinetradingprofits.com/2009/01/24/what-stocks-pay-the-highest-dividenddividend-yield/#comments Sat, 24 Jan 2009 04:51:04 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/24/what-stocks-pay-the-highest-dividenddividend-yield/ stocks
Lawl asked:


I was just wondering because I want to invest in high dividend stocks. So what are the top 10 stocks with the highest dividend/yield?

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/24/what-stocks-pay-the-highest-dividenddividend-yield/feed/ 7 What stocks are bound to rise really high after the recession is over? http://www.onlinetradingprofits.com/2009/01/22/what-stocks-are-bound-to-rise-really-high-after-the-recession-is-over/ http://www.onlinetradingprofits.com/2009/01/22/what-stocks-are-bound-to-rise-really-high-after-the-recession-is-over/#comments Thu, 22 Jan 2009 05:28:51 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/22/what-stocks-are-bound-to-rise-really-high-after-the-recession-is-over/ stocks
lovelylj asked:


are car companies an example of stocks that’ll be on the rise again?

And what are some good web sites were I could read for myself about the matter?

Or what are some good times to watch the stock market as a way of learning about it? I know CNN is one channel and MSNBC but sometimes I get pretty confused about what the broadcasters are talking about.

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/22/what-stocks-are-bound-to-rise-really-high-after-the-recession-is-over/feed/ 2 What are some good stocks to research if you’re one who wants to buy low and sell high? http://www.onlinetradingprofits.com/2009/01/21/what-are-some-good-stocks-to-research-if-youre-one-who-wants-to-buy-low-and-sell-high/ http://www.onlinetradingprofits.com/2009/01/21/what-are-some-good-stocks-to-research-if-youre-one-who-wants-to-buy-low-and-sell-high/#comments Wed, 21 Jan 2009 11:53:19 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/21/what-are-some-good-stocks-to-research-if-youre-one-who-wants-to-buy-low-and-sell-high/ stocks
athomewithkyle asked:


I’m looking to get into the stock market soon with this big drop in the stock market. What are some stocks to do research on if you want to buy low and sell high. Also should one wait to buy stocks for a few more weeks or even months to see if the stock market continues to go down?

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/21/what-are-some-good-stocks-to-research-if-youre-one-who-wants-to-buy-low-and-sell-high/feed/ 1 What stocks have you personally invested in recently and made profits? http://www.onlinetradingprofits.com/2009/01/19/what-stocks-have-you-personally-invested-in-recently-and-made-profits/ http://www.onlinetradingprofits.com/2009/01/19/what-stocks-have-you-personally-invested-in-recently-and-made-profits/#comments Mon, 19 Jan 2009 11:13:48 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/19/what-stocks-have-you-personally-invested-in-recently-and-made-profits/ stocks
Ryan Gee asked:


What stocks have you personally invested in recently and made profits? How much of a percentage did you earn on these stocks?

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/19/what-stocks-have-you-personally-invested-in-recently-and-made-profits/feed/ 1 Looking to invest in the stock market. Where can I find good penny stocks? http://www.onlinetradingprofits.com/2009/01/18/looking-to-invest-in-the-stock-market-where-can-i-find-good-penny-stocks/ http://www.onlinetradingprofits.com/2009/01/18/looking-to-invest-in-the-stock-market-where-can-i-find-good-penny-stocks/#comments Sun, 18 Jan 2009 22:24:54 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/18/looking-to-invest-in-the-stock-market-where-can-i-find-good-penny-stocks/ stocks
Willy M asked:


Yes well I have an etrade account, and I would like to invest about 200-400 bucks in penny stocks, or stocks that are quickly on the rise. Anyone know some great websites or a stock I should/can get started with? Thanks for the help.

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/18/looking-to-invest-in-the-stock-market-where-can-i-find-good-penny-stocks/feed/ 8 Does anyone know good stocks to invest in and how are mutual funds good to invest in? http://www.onlinetradingprofits.com/2009/01/15/does-anyone-know-good-stocks-to-invest-in-and-how-are-mutual-funds-good-to-invest-in/ http://www.onlinetradingprofits.com/2009/01/15/does-anyone-know-good-stocks-to-invest-in-and-how-are-mutual-funds-good-to-invest-in/#comments Thu, 15 Jan 2009 09:06:15 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/15/does-anyone-know-good-stocks-to-invest-in-and-how-are-mutual-funds-good-to-invest-in/ stocks
strawberry asked:


I wanna know what stocks are starting from low and are starting to climb up before it reaches its peak. Like gold minning, technologies, biotech, energy, computers, websites,natural resources, good chinese and indonesia stocks too. If chinese and vietnamese currency is good to invest in and mutual funds to. I know house market is down but do u think its good to buy b/c its pretty low stocks from before.

Tags: Investing

]]> http://www.onlinetradingprofits.com/2009/01/15/does-anyone-know-good-stocks-to-invest-in-and-how-are-mutual-funds-good-to-invest-in/feed/ 5 How is a stocks opening price determined each day? http://www.onlinetradingprofits.com/2009/01/11/how-is-a-stocks-opening-price-determined-each-day/ http://www.onlinetradingprofits.com/2009/01/11/how-is-a-stocks-opening-price-determined-each-day/#comments Sun, 11 Jan 2009 00:58:19 +0000 TradingAdmin http://www.onlinetradingprofits.com/2009/01/11/how-is-a-stocks-opening-price-determined-each-day/ stocks
mt_si_guy asked:


Does the after hours trading price determine the stocks opening price on the next day? Lets take poor old wamu (WM) as an example. On friday WM close at 0.1604, but the after hours trading price indicates it’s now up 1.53 to 1.69. So does this mean that if the market were to open right now WM would open at 1.69? If after hours trading doesn’t determine a stocks next day price, what does? Thanks in advance.

Tags: Investing

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