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10 Reasons Why You Should Be Online Forex Trading Today.
The internet has revolutionized foreign exchange (forex)trading. Today, anyone can be an online forex trader. Here at 10reasons why you should be online forex trading today:
1. With access to a computer and the internet you can instantlyopen a mini forex trading account with a forex broker for aslittle as $100. There are no lengthy opening proceeds tocomplete. This means you can start your forex trading today!
2. With a minimum opening balance with a forex broker beingavailable for as little as $250, forex trading is the only realpossibility for everyone to enjoy the thrill and spills oftrading in a market on a daily basis. That's not to mention thefact that everyone can now make money from an investment tradingopportunity.
3. Forex markets are open 24-hours a day. This makes forextrading the only investment strategy you can take up which nevergoes to sleep.
4. Forex trading gives you access to an almost unlimited marketfor a minimal up front investment. For the first time, a tradingmarket is open to both small and large investors, competing withone and other to make a profit on their trade.
5. Generally, commission fees are much lower with online forextrading than is the case with other forms of trading, such asstock trading. This means that not only can you start to tradewith a small opening account balance, but less of your profitswill get taken up with commission charges taken by your broker.As such, online forex trading can claim to be the only marketthis is available to all.
6. With access to the forex market being made available 24-hoursa day, as an investor you can easily adjust your forex portfolioat any time of the day or night. The great benefit of thisfunction is that if the market is taking a hit in Tokyo, youdon't have to wait until New York opens before you can react tothis movement. You have the ability to act as soon as you see orfeel that things are moving.
7. Unlike stock market trading, with fore trading it is easy totrade in exotic currencies and to speculate on markets outsideof your home country of residence. Also, with many of theunderlying factors being the same, you do not need to doextensive research or training in order to take advantage ofthis superb facility.
8. Most influences on a forex market are global. As such, unlikeother forms of speculative trading, influence of the market byone person, organization or government is going to have muchless of an impact on the market. Consequently, there is morecontrol on what the influencing factors are than is the casewith other investments.
9. With a mini forex trading account you can elect to docomplicated day trading transactions or long-term investmentstrategies. The great scope of different types of forex tradingavailable to you means that you can have a truly diverse forexinvestment portfolio.
10. Forex trading is fun, easy to learn, and offers traders avery real alternative to traditional forms of investmentstrategy.
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Sunday, March 1, 2009
Posted by shant deuk at 10:13 AM 0 comments
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Forex Financial Calendar
The 8 most important trading recommendations
1. The Trend is your friend
2. In up-treands, buy the dips; in downtrends, sell bounces
3. Let profits run, cut losses short. Always use protective stops to limit losses and move them only to reduce potential losses or protect newly achieved profits
4. Set up your plan before entering the market; don't trade impulsively
5. Employ at least a 3 to 1 reward-to-risk ratio
6.When pyramiding, follow these guidelines:
a) Each successive layer should be smaller than the preceding one
b) Add only to winning positions
c) Never add to a losing position
d)Adjust protective stops to the break-even ponint (or better)
7. Learn to be comfortable being in the minority,if you are right on the market, most pepole will disagree whit you
8.Keep it simple; more complicated isn't always better
2. In up-treands, buy the dips; in downtrends, sell bounces
3. Let profits run, cut losses short. Always use protective stops to limit losses and move them only to reduce potential losses or protect newly achieved profits
4. Set up your plan before entering the market; don't trade impulsively
5. Employ at least a 3 to 1 reward-to-risk ratio
6.When pyramiding, follow these guidelines:
a) Each successive layer should be smaller than the preceding one
b) Add only to winning positions
c) Never add to a losing position
d)Adjust protective stops to the break-even ponint (or better)
7. Learn to be comfortable being in the minority,if you are right on the market, most pepole will disagree whit you
8.Keep it simple; more complicated isn't always better