Dangers Of Getting Emotional About Forex Trade

Getting emotional in the stock market is the worst thing that can happen to investors. The same goes for Forex traders as well. Seeing paper losses in everyday trade is pretty common.

Once to take a decision to buy something and make losses, you still hold on even if situations turn from bad to worse, only because you feel that things might turn back in your favor once again. The main problem here is that, the decision to stick to a losing trade for a long time is an emotional one, since you are in no mood to accept a loss and get out of the trade.
Forex market is largely influenced by the general market and you must always trade on what the indications based on the market are, and not just initiate one since your heart tells you to. At times, you might be so emotionally attached to a given currency in the Forex market, that most of your exposure to the Forex market would be in that particular currency.

Nothing wrong with it, as if you have reasonable grounds to believe that the currency will do well, then you will actually profit from the exchange. The 'wrong' thing is opening up a trade in a currency just because your heart tells you to.

In the case, if you strongly feel about any given currency, then it's better to check the reality by having the look at what the market is indicating. That will give you a clear picture of whether or not you should trade in that currency.
The basic thing that is needed to be remembered is that once you have initiated a trade, and are incurring paper losses, and by all indications, things are likely to get even worse for you, then it is much better to book losses and come out of it rather than sticking to it till a time you ultimately are able to see some gains from it. Remember, the markets have little room for emotions. Forex trading is not a win-win situation. Be prepared to lose on some trades as well.

That's the precise manner in which the market works. It is not really a question of whether you are right or not, the fact remains that markets move in an unexpected way and they have a knick of surprising people when they least expect it. All the fundamentals and even experience may be thrown into the air when the markets decide to do something.

So just follow the indications that the market gives you. If you feel that after initiating a trade, things are not going the way you had foreseen, book your losses and get out of it. You can invest the amount in some other trade and make good gains rather than sticking to your losing trade.

Foreign Exchange Market

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1 trillion -- 30 times larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation. For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. The FX market is considered an Over The Counter (OTC) or 'interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Forex Trading is not centralized on an exchange, as with the stock and futures markets.

The foreign exchange market is not a "market" in the traditional sense. There is no centralized location for trading as there is in futures or stocks. Trading occurs over the telephone and on computer terminals at thousands of locations worldwide. Foreign Exchange is also the world's largest and deepest market. Daily market turnover has skyrocketed from approximately 5 billion USD in 1977 to a staggering 1.5 trillion US dollars today; even more on an active day. Most foreign exchange activity consists of the spot business between the US dollar and the six major currencies (Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar) The FOREX market is so large and is controlled by so many participants that no one player, governments included, can directly control the direction of the market, which is why the FOREX market is the most exciting market in the world. Central banks, private banks, international corporations, money managers and speculators all deal in FOREX trading.

What is FOREX?

Foreign Exchange (ForEex) trading is simply the exchanging of one currency for another - Each Forex trade can theoretically be viewed as a 'spread ' trade where to buy one currency you must sell another. Convention dictates that currencies are measured in units per 1 USD. For example, 1 USD is worth approximately 125 JPY (Japanese Yen) or 1 USD is worth approximately 1.5000 CHF (Swiss Francs). As a result, when USD/JPY appreciates in value, it is the USD that has appreciated in value relative to the JPY and not vice-versa. Position-wise, to own or be 'Long' USDJPY means that you are long the USD and concurrently short the JPY. USD, therefore, is the default 'lead' currency.

Industry Experts are Talking About Track 'n Trade!

Dr. Scott Brown
PhD in Finance, University Finance Professor
Author of The Wallet Doctor's Survival Guide to the Stock Market and Rock Solid Foundations of Investing “The reason I believe so strongly in Track ‘n Trade is that you can come and use the simulator, not risk a dime of your money, and see if you’re a great trader. And if you’re not a great trader, you didn’t lose anything. You didn’t lose anything at all, that’s what’s so fantastic about this. But what if you are a great trader? You didn’t miss the opportunity to become successful at this either.”

Learn to Trade Forex

Learn to Trade Forex is designed to provide novice currency traders with a broad overview of the Forex market. The course covers everything from reading forex quotes to trading on margin, using technical analysis to identify market trends and opportunities, and much more.

Developed by GAIN Capital Group, Learn to Trade Forex encompasses the extensive experience of GAIN's traders and market analysts in one complete forex training course.

Learn forex trading

FXacademy: - your guide to understanding forex.

Teach yourself forex trading now! It will be the most important step towards your financial freedom. One of the secrets to successful trading is ” millionaire traders are ordinary people like you”.
The only difference is they have taken time to learn and understand how forex works. Placing profitable trades and making money with forex is easy once you learn and develop the required skills.

FXacademy has forex tutorials aimed at explaining the forex market concepts to beginners.
It is a simple guide meant to explain concepts of forex using easy to understand tutorials. Tutorials range from basic to advanced and caters for beginners and experienced traders.
Why should I Learn Forex ?
Forex is the largest market on planet earth. Gross daily turnover is over US$2.5 trillion. That’s many times bigger than all equity markets. It is no secret that you can make huge profits in currency markets.

Many individuals are successfully investing in day trading and generate a turnover of US$50 Billion daily. Internet technology makes online trading the best home business opportunity available.
Anyone can teach themselves and start trading forex online immediately from their home computer.

How You Make Money Trading Forex Online?

The goal of forex market trading is to exchange one currency for another in the expectation that the currency you bought will increase in value compared to the one you sold.
Most investors are day traders, they enter and close their positions in a single day (EST).
Learn more…

What are the requirements for trading?

Below is a list of things needed to start currency trading.
1. Learn how the market works.
Profitable trading requires good knowledge and skills. One needs to understand how to read quotes, place trades, stop losses… Many online forex resources and trading guides are available to individuals who wish to learn how forex works.

2. A forex trading strategy.
Many online brokers allow you to open practice accounts before trading with real money. This allows you to develop and test forex strategies,You can then pick the best one , that allows you to place more profitable trades. You should develop a trading strategy that works otherwise you will not make profit in forex trading.

3. An online broker.
You need to open a trading account with a online broker. For $25 000 + you can open a managed account. Mini forex accounts require a minimum of $25 depending on your broker.
A managed forex account allows you to relax while experienced investors trade on your behalf.
With ‘minis’ you do trading, money management..everything by yourself.

The broker will provide a trading platform which is an application for conducting trades. It is important to learn how to correctly use the platform provided by your chosen online broker.There is no room for mistakes in forex trading.

FXAcademy has two tutorials . Going through both of them will greatly assist any individual wishing to teach themself forex concepts.

Fast-track introduction..
This is an easy guide on forex market basics for newbies. The fast track intro is for forex beginners. Experienced traders should skip this simple tutorial .

Advanced Forex.
This is an introduction to advanced forex concepts. A greater part of this tutorial goes into introducing technical and fundamental analysis.Teach yourself advanced concepts such as money management, risk management ….
- Understanding fundamental analysis:
- Learn technical analysis.
More…

Our goals:

To provide education for beginners hence give everyone an opportunity to learn profitable forex trading.

To promote the best forex trading platform.

To endorse the best tools for learning and trading - software, forex education and training ,online brokers, courses, traders’ groups and books.

‘Lets Play The forex game.’

Forex Glossary Terms

American-style option An option contract that may be exercised at any time before it expires.

Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

Base Currency For foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. For example, in a USD/JPY currency pair, the US dollar is the base currency. Also may be referred to as the primary currency.

Bid The quoted price where a customer can sell a currency pair. Also known as the 'bid price' or 'bid rate'.

Bid/Ask Spread The point difference between the bid and ask (offer) price.

Call A call option gives the option buyer the right to purchase a particular currency pair at a stated exchange rate.

Counterparty The counterparty is the person who is on the other side of an OTC trade. For retail customers, the dealer will always be the counterparty.

Cross-rate The exchange rate between two currencies where neither of the currencies are the US dollar.

Currency pair The two currencies that make up a foreign exchange rate. For example, USD/YEN is a currency pair.

Dealer A firm in the business of acting as a counterparty to foreign currency transactions.

Euro The common currency adopted by eleven European nations (i.e., Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain) on January 1, 1999.

European-style option An option contract that can be exercised only on or near its expiration date.

Expiration This is the last day on which an option may either be exercised or offset.

Forward transaction A true forward transaction is an agreement that expects actual delivery of and full payment for the currency to occur on a future date. This term may also be used to refer to transactions that the parties expect to offset at some time in the future, but these transactions are not true forward transactions and are governed by the federal Commodity Exchange Act.

Interbank market A loose network of currency transactions negotiated between financial institutions and other large companies.

Leverage The ability to control large dollar amount of a commodity with a comparatively small amount of capital. Also known as 'gearing'.

Margin See Security Deposit.

Offer See ask.

Open position Any transaction that has not been closed out by a corresponding opposite transaction.

Pip The smallest unit of trading in a foreign currency price.

Premium The price an option buyer pays for the option, not including commissions.

Put A put option gives the option buyer the right to sell a particular currency pair at a stated exchange rate.

Quote currency The second currency in a currency pair is referred to as the quote currency. For example, in a USD/JPY currency pair, the Japanese yen is the quote currency. Also referred to as the secondary currency or the counter currency.

Rollover The process of extending the settlement date on an open position by rolling it over to the next settlement date.

Retail customer Any party to a forex trade who is not an eligible contract participant as defined under the Commodity Exchange Act. This includes individuals with assets of less than $10 million and most small businesses.

Security deposit The amount of money needed to open or maintain a position. Also known as 'margin'.

Settlement The actual delivery of currencies made on the maturity date of a trade.

Spot market A market of immediate delivery of and payment for the product, in this case, currency.

Spot transaction A true spot transaction is a transaction requiring prompt delivery of and full payment for the currency. In the interbank market, spot transactions are usually settled in two business days. This term may also be used to refer to transactions that the parties expect to offset or roll over within two business days, but these transactions are not true spot transactions and are governed by the federal Commodity Exchange Act.

Spread The point or pip difference between the ask and bid price of a currency pair.

Sterling Another term for British currency, the pound.

Strike price The exchange rate at which the buyer of a call has the right to purchase a specific currency pair or at which the buyer of a put has the right to sell a specific currency pair. Also known as the 'exercise price'.

Forex trading requires special skills

The forex market is by far the world's most volatile market. It is also the most unpredictable market where all trading happens in real time. Forex trading, therefore, becomes a major challenge for even the most experienced forex bankers and traders. They have to study and analyse scores of factors before going ahead with a trade.

Earlier, only large banks were allowed to trade in currencies. Today anyone can become a forex trader. This has added to the liquidity in the market, and added to the number of individuals, speculators, traders and brokers active in the market.

A trader must remember that foreign trade is all about timing. Those who understand the market better do well; the others end up making losses.

Interestingly, there are no time zones or boundaries in the forex market. The trading starts early in Sydney every morning and travels through Asia and Europe to the US. This is why it is said that the forex market never sleeps. There is someone or some organisation always trading in foreign currency in some market or the other.

All these markets work seamlessly. There is no central location from where trading in currency is conducted. The major centers are London, New York and Tokyo. In fact, during one part of the day – that is from 1 p.m. GMT to 4 p.m. GMT – the traders go in a frenzy because this is the time when the working of the US and European markets overlap. The volumes of currency that get traded during this period jumps; so does the number of trades.

Forex traders rely on several parameters to conduct their trade. The more successful or experienced traders follow their instincts based on years of experience of trading in the forex market. The less experienced or the more technology-inclined ones use software that can chart market movements. Based on these charts, the traders arrive at entry and exit points. The traders who are not technology-savvy buy trading signals from online brokerages or forex research firms. They also use brokers to guide them in their day-to-day trades.

To succeed in forex trading a trader needs a smart forex trading strategy. Individuals who enter the market in the hope of making quick money invariably end up getting their fingers burnt. The same is true of forex traders who trade without a clear strategy. They either exist on the margins or make frequent losses. The trading strategy varies from trader to trader. A day trader is more concerned about the day-to-day market fluctuations than a long term or a swing trader. Therefore, the first thing that a trader needs to decide is what kind of trader he is, or wants to be, and then plan the trading strategy.

An important goal should be to limit the losses. This is an important part of any trading strategy, and must be followed religiously. A day trader may place smaller stops while swing traders may adopt less restrictive stops. Such a strategy helps traders cut their losses significantly.

It also makes sense to plan the transaction sizes so that multiple trades can be transacted on any given trading day instead of placing all the bets on one transaction. Such a strategy reduces the chances of making losses, and brings in more discipline in trading.

Since the market does not always provide good trading opportunities, a trader should follow his trading strategy in a disciplined way. After all it is no use losing money by transacting wrong trades.

Finally, the successful traders are those who treat forex trading as a business. They spend time and effort acquiring knowledge about the way the forex markets work, factors that affect forex trade and the software and services they need to chart market movements.

They also keep track of what other forex traders are doing. Such a strategy provides them useful insights, and enables them to plan their trade better.

Forex Currency exchange reates

There are many components that affect the currency valuation forex at the time and it can become very complicated. Forex Trading News and Rumors Fundamental and Technical Analysis in Forex Trading Fundamental analysis is considered to be the opposite of technical analysis in Forex trading. Federal Reserve will reduce rates as of now, with the European Central Bank and the Bank of England to join the rate cut parade next week. Knowledgeable analysis doesn’t use the inherent worth of the investment.

Read exchange rate for foriegn currency the full article Add Hungary to the List First Iceland then the Ukraine - now you can forex add Hungary to the list of countries to receive IMF aid. It is a good question because many may argue that a barnes banking country may not have an inherent value. Federal Reserve to cut interest rates today with some predicting a full percent forex signals to be trimmed. This is just one example of an element that is at the basis of fundamental analysis within a nation. Fundamental analysis within a nation is a rodney of finding where about in the business cycle the economy is at any particular time with the affect it has on the value of kuwait currency the currency. Different pointers affect the value of the currency currency in a unique way.

Read the full article South Korean Won on the Rise After sinking to a decade-long low earlier this week, the government announced plans for a stimulus plan to boost the economy. Within the ivied halls cycle of inflation and deflation the pointers that you can look for are things such as current interest rates and the Gross National Product (GNP). The foreign exchange market is rather suited to technical analysis because it is easy to look back at the previous statistics of the banking currency pairs. Noble the full article Filed under. It can be used as a successful tool as to whether to invest in a company in the stock market because currency exchange reates there is a huge amount of information and facts and figures that can be gleaned with reference to the inherent torre of that company.

Each pointer can also affect different countries currencies in different ways. This is by far the best way of predicting the future Forex market. Fed Expected forex signals to Cut Interest Rates Analysts expect the U.S. Killy the full article Interest Rate Cut Speculation Fuels Market Revival Trading in Europe and Aisa saw gains morning on speculation that the U.S.

Within the United States, currency deflation is usually associated with interest rates that are on the rise. It tries to predict the future of the Forex market movement by looking at previous data and uses this along with current tendencies as indicators as to what is going to unfold. currency There are many pointers that can indicate where the economy is. Modern economies are so very complicated nowadays that many say it is almost impossible to predict the future of the Forex markets without the help of past technical data..

Technical analysis in Forex trading is considered to be the opposite of fundamental analysis. But can fundamental analysis be used along with technical analysis in Forex trading. Getting to know these components is an important tool that can be used forex trading by analysers as to whether they invest in the foreign exchange market or not. It is not a complicated answer.

Finexo

Finexo was founded in 2003 by a group of specialsts from the banking industry, derivatives markets and of course the forex market. In 2004 Finexo became a white lable of Saxobank. As a white label of Saxobank, Finexo offers its clients one of the best trading platforms. Finexo is an EU regulated forex broker, therefore it implies strict rules according to EU regulations.

Finexo Features

• Account Size – Open accounts from $25 - $50,000
• Leverage – get leverage of 1:200
• Pairs – Over 40 currency pairs to trade.
• User friendly – One click trading.
• Market analysis – Daily market analysis from Finexo professionals.

Trading Platform

Finxeo offers an amazing trading platform that was developed by Saxobank, one of the biggest online financial institutes in the world. Finexo trading platform, also called the “ForexTrader” offers all a trader needs. Market orders, entry orders, trailing stop and more.

Anybody can trade at global foreign exchange market.

You can trade national currency of any country at global FOREX market. To be more precise, here you can exchange one currency to another according to some proportion. Such exchange proportion is called exchange rate. And the two currencies participating in such exchange are shown one by one and called the currency pair. Thus, FOREX trading can be performed for various currency pairs. E.g. euro-dollar (EURUSD), or pound-dollar (GBPUSD) etc.

The objective of a trader (person who makes profit from forex trading) to exchange one currency to another at the lower rate, and than to perform the inverse operation at the higher rate (“buy low and sell high”).

The following example with EURUSD illustrates ho to perform the transaction and calculate its financial result:

Suppose, you have $1500 at your trading account. On August 20, 2008 after you carefully read analytics at our web site, we decided that EURUSD should go up. Upon the beginning of the up-move we bought euro at 1.4690. In approximately 14 hours after we made sure that we were right, but the further move in this direction according to analytics is unlikely, ó sell euro at 1.4790. The margin is just 1 cent (1.4790−1.4690=0.01), what is not sufficient, but due to the provided to us “leverage”, we bought standard lot of 100,000 euros instead of 1 euro! And the profit is $1000 (100,000*1.4790 − 100,000*1.4690 = 1000)! Thus, significantly increased our capital within less than 14 hours.

Certainly not all the deals are that successful, and the analyst forecasts sometimes do not come true. But we get the instruments which help to limit the loss.

Forex2earn is Giving Effecient & Different Services

Forex2Earn has very trained and experienced team members. They are doing Currencies business since last 10 years and have gained a lot of experience. Here is a little difference which our Client gain during the previous month on little investment.So Become a Member and get more services to improve your Trading.

Managed Account's Goal

The goal of Forex2Earn team is to provide Maximum exposure and Maximum Trading Oportimotoes in the Currency Market to our investor through opening individual accounts traded by professional of Forex2Earn team's managers. We will only get 50% profit which we earn in your account on monthly basis. You can open an account from our web site to click Individual Account or Mini Accounts. We are ready to serve our investor/client in best manner.

MANAGE YOUR FOREX ACCOUNT

Forex2Earn has specialized team in providing professional Forex investment management account on a discretionary basis wide variety of markets including the worldwide inter-bank foreign exchange (Forex) market. Its programs are technical, trend-following, support & resistance, volatility systems and are speculative in nature. In managed Account you don't need to send money to us its very simple you just have to open an account with your bank nearest to your locality . We will only open your account with FXCM on your request with your name. Managed Account investors are advised to carefully check your account statement weekly, fortnightly and monthly basis. Invest in your future and Trade FOREX with a managed account. Forex2Earn team is always ready and vigilant to manage you accounts.

Introduction to Forex Trading

FOREX is the world’s largest and most liquid trading market. In our opinion ,FOREX is one of the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for speculations (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading because of what they perceive as its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.

But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.

So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.

Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, operate in this market

The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.

But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.

So, you're probably wondering where it's at ... or ... how to access the FX market?

The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.

Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:

Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.

In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.

Example:

EUR/USD last trade 1.3680 - One Euro is worth $1.3680 US dollars.The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S. equity markets.

The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.

There's plenty of opportunities using FOREX for plenty of traders that use the right trading techniques / tactics that will allow them enter this market.

Advantages of Forex Trading

Are you new to trade currency? Are you giving up due to your past trade? Get yourself to know the primitive advantages of Forex trading. And you are also essentially advised to refer to the risk-bearing.

• Two Way Market where traders can trade in Bull and Bear market
• Margin Trading 100 : 1 leverage
• Low Account Balance for entry
• Can work in odd work due to 24 hours a day from Sunday night to Friday noon
• Flexible transaction sizes
• Very dynamic and trendy
• No worry about bad fills due to price gaps
• Can practice at online simulation until you become expert
  read more..

What are the Secrets in Forex Trading?

More than 100 million people in the world are looking for profitable investment. We love talking investment because this is the energyless but high profit gain business. Forex Trading is the world's largest financial market with an estimated daily average turnover between $1.5 trillion to $2.5 trillion that we cannot doubt. If we want to make profit from this investment, there are some related knowledges that we definitely need to know.

• Use Future data to justify market trend.
• Pivot Program shows entry & exit signals.
• Familiar Chart Patterns and Trend lines.
• how big dogs are doing?
• euro vs USD Tricks.
• Be Smart to Filter Various Currency pairs.
• Confident to Control Up and Down Trendy.
• Avoid Pitfalls of Dumb money.
• Intelligent stop loss strategies implementation.
• AIME methodology
• History is your tips.
• Hedge currency Trades .

Learn Forex Trading Become Profitable Trader

Our currency trading forex courses are awesome and the hard work to come out these forex training course are proven logical, powerful, robust and well presented methodology. We have the great trader and mentor. The strategies that are being taught honestly in the course have paved & lighted the forex trading path & turned the dumb money into smart money. The pivot point trading method is analagous to precision guidance system. The signal analysis method gives high level of accuracy and most of the traders truly learn from the concise and useful technical information.

Why should I learn Forex currency trading?

By reaching to our website, I think you are already aware that Forex trading is a good way to make money at home. More over, I bet you knew someone, or would have heard of someone, who's already making tons of good money in FX trading.

But what you wouldn't know is that 7 out of 10 traders keep losing money in Forex market! That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually)

Wonder what differs between the losing 70% and the winning 30%?

Forex trading skills and the trading system! If you want to work less than 20 hours a day at home, if you want to make millions by trading freely at home, if you want to have financial freedom by trading Forex; you better LEARN Forex trading before you start trading Forex. Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet.

How to Trade Forex

Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.

The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.

The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.

Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements.