The Process of Forex Trading

The primary reason most Forex traders fail is that they ignore the process.

In today’s world of quick-fix solutions, drive-thru menus, and expedient transportation, we want everything NOW. In our “convenient culture” we have come to expect results right away, putting aside the basic principles of cause and effect. “I’ll have a Big Mac, biggy-sized, with 10 milkshakes, and a vanilla latte!” Instantaneously, our ears hear the delightful words “Coming right up!”

When you ask for  Forex Trading success, do not expect a “coming right up!” response. Forex Trading is not a get-rich-quick method. If you approach it as one, you will almost inevitably get-poor-quick. Forex Trading involves work, it requires a process. Let us view The Process of Forex Trading together.

Prepare 

Process is defined as: “A series of actions or steps taken to achieve an end.” The first step in the process of becoming successful at Forex Trading is to prepare. The preparation I am referring to is financial preparation, having the financial security to invest money that you can afford to lose.

Do not invest money that you can not afford to lose. Do not invest your last $2,000 in hopes of acquiring some much-needed cash for the bills next month. If you trade with funds that you can not afford to lose, the emotional pressure of trading will become so immense and intense that the likelihood of you losing your funds increases exponentially.

Risking you and your family’s financial welfare is never a wise decision. If you are currently not in the financial position to participate in Forex Trading, establish a goal to be financially secure by this time next year. Therefore, you can be confident in your future investing and you will value that investment substantially more than you would if you had not intently and purposefully worked and planned for it.

Without the foundation of financial security, your “wealth house” is exceedingly vulnerable to the storms of the Forex market.

Four Important Trading Skills You May Not Learn From Forex School

Even if there are many important things you will learn from a forex school, there are still many essential skills that you may not get from your forex education. This is not to denigrate the value of formal education in currency trading, but rather to stress the limits of this training.

When you are actually trading with real money, there are many practical skills that you will need in order to avoid losing all your trading capital. Of course, there may be opportunities for you to learn some of these skills if the school offers mentorship programs or supervised trading opportunities. Here is a short overview of some of these skills.

1. Risk management. Every time you open a trade, there is always a chance that it will go against you and you will lose your money. Because of this, you will have to develop risk management skills that will help you to deal with the risk so that you’ll be able to navigate it successfully. One example of managing risk is to limit the amount of money you will risk per trade to a certain percentage of your trading capital. This will limit the amount of your losses in case you make unsuccessful trades. Of course this does not prevent you from increasing the amount ventured on your trades in case you feel the market is in your favor.
2. Developing a trading mindset rather than a gambling mindset. One of the worst things that you can do as a trader is to let your trade run rather than closing it out when it begins to go against you. A trader would accept that a trade is unsuccessful and accept their loss while a gambler would let the trade continue to run in the hope that it will eventually reverse itself in the trader’s favor.
3. Learning patience. It takes time to learn how to trade successfully and the trader should accept this rather than believe that after only a few courses, they will be successful at once. Apart from the lessons they will learn from the Forex school, they will also have to spend hours of practice making paper trades before they go and make actual money trades. It is said that it takes 10,000 hours to become proficient at something, and you will have to put in the time required to develop into a successful trader since it will not happen overnight.
4. Taking the long term view. Most beginning traders mistakenly believe the hype that the currency market is a place where you can make a fortune virtually overnight. Any good forex school will inculcate in their students the basic lesson that it takes time to make money. Attempting to make a big amount of money at once in the markets can only end in disaster unless you’re really lucky. Keep in mind that the only way to earn substantial profits from the forex markets is to trade using leverage, but this also greatly increases the amount of money you can lose.

Vladimir’s Forex Signals

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Only 2 years after constant trading activities and thousands of profitable deals, Vladimir Ribakov has developed one of the strongest signals services on the internet. He is widely known as a trader, popular FX coach and dealing tools innovator.

Mentoring and teaching activities are established to transfer more than a decade long trading experience with clients. With full-time of professional engagement as FOREX trader, each technique and strategy that is used will be revealed during his mentoring sessions.

Known as theory opponent, he will be teaching only proven methods. Vladimir Ribakov tends to use technical analysis strategies including divergence methods, like the sRs Trend Rider strategy as well as the Pips Carrier.

Available on daily basis via live trading room, Vladimir teaches his clients to implement those strategies in live markets. The Club was founded in June of 2011 and up to now he maintained 2.100 pips result using the main signals and additionally 5.080 pips in daily Live Trading Room. Overall recorded profit created by this successful trader counts up to incredible 7.100 pips. All mentioned results can be found at website.

With 4 sources of laser-accurate signals, trade copiers, live trading room, daily market reviews, educational webinars, shared member’s real account and free MT4 programming and more… Vladimir’s Forex Signals Service is on a league of its own. Here’s why:

Vladimir Ribakov is a well known active professional trader, who for the past several years discovered his passion for educating home-based traders on how to profitably trade Forex, commodities and indices.

Vladimir’s Signals & Mentoring service is actually his “virtual trading office”, where he provides alerts on all the trade that he takes, while communicating with his service followers, reviewing the markets in real time, teaching his methods and analyzing trades.

The trade signals originate from several sources, including Vladimir’s own trades, bonus trades and guest traders, while providing trade copiers for each source. This means that members can automatically copy trades directly into their own account – no more missing good trades because you were not near your computer.

But that’s not all. The service is actually a community of people who enjoy trading together. There is a members’ chat room, live trading room hosted by Vladimir every day and webinars where Vladimir teaches his proprietary trading strategies and communicates with the members, answering all their trading questions.

Here are some of the important features of the service you should know about:

Signals from Vladimir Ribakov: Being a veteran trader with vast experience of the financial markets, Vladimir trades: major and minor currency pairs; Metals & Commodities such as oil, gold, wheat; and indices such as S&P, NASDAQ, FTSE, DAX, and NIKKEI. Signals are provided to all members, as opposed to other services which limit the signals according to the membership package chosen.

The signals instantly appear in MetaTrader as an alert, and are also delivered via email and in the members’ area website. The members’ area also provides educational explanations and screenshots.

Vladimir also provides a Trade Cloner which copies all trades automatically into the member’s account, which frees you to do other things while the signals arrive and get traded.

Forex Auto Money Review

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You are welcome to www.ForexAutoMoney.com Review! To avoid wasting your time and effort, I divide thisForex Automoney review into three parts: just what is Forex Automoney? Would it be scam or legit and comments of the users. All the passage just needs you several minutes and I assure you will become familiar with far more in this minimal time!

What is Forex Automoney?

If you need to solve your problems completely, and whenever you would like to change your life forever, Forex Automoney is what you would like. This is the downloadable program, which contains a big massive of knowledge which can be important reach your purpose! Click Here to See Forex Automoney Special Offer Page!!

The Forex Automoney works wonderfully for you personally…Very simple to use…fast! It is a proven, simple to apply system that one can make it! You will certainly be taught detail by detail, because all the guides are showed in great detail, as well as videos will educate you on hand by hand! You will save massive energy!

Advantages of www.ForexAutoMoney.com:

1. You will get a full money back guarantee, so there is no risk for you to lose money or waste time!

2.Its guides and techniques are showed in detail, which will give you great help to understand them!

3. The content is so informative that it will make you surprised.

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Forex Tips and Tricks for Beginners

Stepping onto the forex arena for the first time might feel a bit daunting, but keep these currency trading tips in mind and you’ll soon find yourself running with the pack.

• Casinos are for gamblers. The forex markets are for traders who are interested in the investment, not the big win. Study and analysis will prove a far better ally than long odds or luck.

• Practice makes perfect. Before you start throwing your money into an account, practice with one or more of a variety of demo accounts. This the most critical of all forex tips for the new trader. Get good at analyzing and actual trading before you start plunking down your own funds.

• Find a good broker. Do your homework and find a broker that fits your trading style and philosophy and offers the features and services you want.

• Don’t buck the trend. Trends mean that more of the same is up ahead. Keeping with a trend will help you continue to make a profit. Generally, when the trend is up, don’t sell; when the trend is down, don’t buy.

• Check your emotions at the door. Forex is about methodical analysis of the market trends, not about searching for the next hot trade. The trader who lets his or her emotions take control is the one who will watch profits drop and losses skyrocket.

• Overwhelmed traders make mistakes. If you find that the data sitting in front of you is too much to handle, then stand up, walk out, and take a break. Then, back up a few steps and go to a place in the process where you feel comfortable. Stay there for a while, and take baby-steps when you’re ready to move up.

• Guarantees are like unicorns and leprechauns – they don’t exist in this world. If someone tries to tell you that they have forex secrets, like a system, trick, or bot that guarantees a profit, you have only one thing to do: Run away – far, far away.

• Patience really is a virtue. Of all currency trading strategies, this last tip is one of the most important. Don’t expect to make your money all at once. Build it slowly over a large spread, by using consistent money management, and you’ll be able to weather almost any forex storm.

We are committed to educating the forex trader in all aspects of foreign currency trading.

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Forex 101

Introduction to the Forex

The purpose of trading on any market is to buy low and sell high. The foreign currency market FOREX is no exception. The goods traded on this market are rates of currencies of different countries. As any other goods the currencies have their prices.

To settle transactions between businesses located in different countries, governments, speculative transactions and so forth, banks around the world execute currency trades on FOREX market. Depending on various trade, economical and other parameters, interest rates, central bank policies, time of the day, preferences and anticipations of the market players, and many other causes, the rates, that is prices, of currencies stay in ceaseless motion.

Your task as a trader is to determine the trend of the rate and buy an appreciating currency or sell a depreciating one, and then take your profits through execution of a reverse transaction.

Our dealing center gives you the opportunity to use software to obtain real time currency quotations from different banks and largest world exchanges participating in FOREX market. At the same time, the rate charts for every currency are displayed for you, and hottest economical News that may affect currency rates now or in the future directly or indirectly are fed to your screen.

And, at last, you will have a special trading account allowing you to buy and sell desired currencies. Despite of having US dollars in your account, you may start your trading from selling japanese yens not concerning yourself with not having bought them in advance.

Forex Trading vs Equities and Futures Trading

Trading foreign currency has advantages over equities and futures trading. The global, around-the-clock nature of the Forex market gives traders the unique advantage of reacting to news and worldwide developments as they happen. Exchanging currencies in real time, on the largest trading market in the world, allows Forex traders to manage their trades as global events affecting the Forex market occur. Quite often, equities and futures traders must wait until their markets open for business before they can see how world events affect their investments and trading. With currency trading, Forex traders frequently manage their investments without having to wait for a market to open.

	Forex Trading	Equities Trading	Futures Trading
Typical Leverage	200:1**	2:1	15:1
Liquidity	Daily Volume: $3 Trillion	Limited Liquidity	Limited Liquidity
Commissions	No Commissions*	Commissions and Exchange Fees	Commissions and Exchange Fees
Trading Activity	24 Hour Active Market	7 Hours/Limited After Hours	7 Hours/Limited After Hours

*The FCM and RB are compensated for their services through the spread between the bid/ask prices.
**Without proper risk management, this high degree of leverage can lead to large losses as well as gains.