Forex Signals: Learning the Basics

By Bart Icles

One of the biggest buzzwords in the foreign exchange market is forex signals. If you are new to this trading market and not sure what a forex signals is, then you better start learning about it now. Having knowledge of the different forex signals can determine much about your success or failure in this trading arena. Do not allow yourself to become one of the forex investors who have been trading for a certain period of time but still do not have an idea of what they are actually doing because they have simply failed at learning the basics. And forex signals are part of these basics.

If you think you have already learned the forex basics, then you should be familiar with what forex signals are. If you are still not, forex signals are simply indicators of historical trends in the market. They are mainly based on a technical analysis of the different conditions of this volatile market. These trading signals do not only indicate the major trends in the market, they also help in determining various market entry and exit points.

Following newscasts, newspaper articles, and finance journals can give you much idea about the different forex trading signals. If you do not plan to spend hours and hours in front of the computer each day to keep you from missing on an economic indicator, you might as well subscribe to forex signal services. These are companies that monitor different indicators that are used in currency trading. The forex trading signals are then collected and included in a report that they send to their subscribers through email, fax or instant messages. There are also companies who do not only monitor signals for you, they can also act on these indicators and execute the actual trade for you.

Traders also make use of currency charts. Using a combination of technical analyses, these helpful bars, lines, and pips can give you various trading signals. They can tell you more about SMAs or simple moving averages that show the buy signals at times when prices of currencies reach their peaks above the actual average line. When you notice that prices are going under the average line, this signals the time for you to sell currencies.

There are many other kinds of forex signals. There are MACDs or moving average convergence divergence, DMIs or directional movement indicators, SARs or what most investors refer to as the parabolic system, and many others. The important thing is, you should learn to understand what these indicators really mean and how they affect market trading. - 23222

About the Author:

A forex tip are powerful when coupled with a desire to learn and a drive to become a great trader. Learning free forex 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.

Forex Blogs and the US Dollar

By Bart Icles

Foreign exchange trading has indeed earned its place in the finance world. More and more new investors are joining this trading arena as each day passes and they are all attracted by the constant challenge of a risks and rewards game. Of all the currencies involved in this market, the US dollar remains as a popular in many forex articles. It is not unusual for a currency trading newbie to come across a forex blog that follows the changing trend in the performance of a US dollar.

Although seasoned forex investors will advise against following a single currency, one cannot avoid following the US dollar. This currency remains as one of the most popular headlines of many forex journals, newsletters, and articles. There are still many people banking on currency pairs that involve the US dollar. Thus, it is no surprise that there are lots of investors who are on the lookout for what will happen next to this intriguing currency.

In the past year, the US dollar has been facing against currency giants as its value plays around its lowest levels for the past decade. With all the economic, financial, and socio-political issues that haunt the US, many people thought that it would be unlikely for the dollar to climb up the ranks again. During the first quarter of this year, many forex investors were caught by surprise by the 200 pip changes between the US dollar and the Euro. They were even more surprised when they found out that the US dollar suddenly started to settle along the mean. Over the past few months, its value has safely danced on smaller pip changes.

Many forex blogs predicted that this apparent stability might again return to its volatile state with the surging oil prices and price hikes. Indeed, these factors have affected the US dollar in the past quarter but it did not result to significant pip movements. This led many speculators to think that there might be calmer times ahead for the US dollar.

In the forex world, nothing is constant. Changes happen every minute. Any forex blog will tell you that anything can happen to the US dollar between now and the next 5 minutes. If you are new to the forex market, it indeed helps to start trading using currency pairs that involve the dollar. This will allow you to learn more about the volatilities of the market as this currency surely attracts lots of changes. - 23222

About the Author:

A forex trading system is powerful when coupled with a desire to learn and a drive to become a great trader. Learning forex trading systems 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.

Forex Megadroid Review

By Frank Rivera

Following in the footsteps of the highly successful FAPTurbo, there have been several scalping robots released into the marketplace. Many of these have been proven to be cheap knock-offs and show dismal trading results that mean you'd be wasting your money on most of these. Among these releases was the Forex Megadroid and originally it seemed to get lumped into the same group as all the other cheap knock-offs. It didn't take long for people to learn that the Forex Megadroid is a good robot all of its own.

What does Forex Megadroid do and what can you expect out of it? Forex Megadroid is an expert advisor that can be used with any MetaTrader 4 forex account. This gives you a lot of options for a broker, although you'll want one that has low spreads on the EUR/USD. The robot is a pre-Asian session trader like many other robots.

This software is designed to trade on the pre-Asian trading session and it has the noticeable difference of a different currency pair than the FAPTurbo can offer. The inclusion of the EUR/USD pair allows you more opportunities to trade, especially as the spreads on this pair are very reasonable during the pre-Asian sessions.

This robot is a little more accurate than FAPTurbo or any other robot for that matter. It picks entry points that are a little more accurate than others. It also has a little bit different trading strategy than other EA's out there. It doesn't trade as often as FAPTurbo, but it usually gets bigger profits per trade. For example, you might be getting several $5 and $6 winners out of FAPTurbo, but you can expect some $25 and $30 or more winners out of Megadroid. It just won't trade as often. You will get two trades at the most per day and sometimes one or none.

The major difference is that it places noticeably fewer trades, but the win percentage is also reported quite a lot higher too. At a reported 95% trading win percentage this is quite an impressive robot.

It's also obvious that this software doesn't require a lot of customization like its competitor FAPTurbo. This can make the Forex Megadroid ideal for novice trader as you simply download the software and install it onto your MetaTrader 4 platform. Drag and drop it onto the appropriate chart and let it run on its own.

If you've never traded on the forex market before, then this robot is ideal. The easy to follow guide can show you how to get your account up and running with your robot so you could be making profits within minutes.

Overall, this is a very effective robot that can get the job done. It's similar to FAPTurbo except it's more accurate and uses a different currency pair. You won't get that many trades, but you can feel more comfortable about the ones that you do get. Check out Forex Megadroid if you've been looking for a consistent way to grow your account. - 23222

About the Author:

Wanna see an automated forex trading system? It works absolutely fantastic and can double your money in only a few months. See this forex trading software here and turn a big profit!

Do You Have The Forex Traders Mindset? (Part I)

By Ahmad Hassam

Most of our trading decisions are guided more by emotional than logical thinking. Our mind is capable of playing emotional tricks on us. Human beings are emotional creatures. It is often said that we are our own worst enemy. In forex trading, this is the ultimate truth.

We can get seduced into unfavorable situations by our emotions. Emotions can work for us and against us. Your battles are won or lost in your mind first. A traders mindset is the most important ingredient of success.

Forex trading is not for everyone. Do you have a strong desire to succeed in forex trading? You will end up like the majority who end up losing their money if you just want to try your luck or dabble in trading. Do you have the passion for trading forex?

In order to become a successful forex trader, you must be highly self motivated. You must have a concrete plan of action and not be afraid of failure. Are you ready to devote a lot of time and effort into picking up trading skills and knowledge?

You cannot succeed without knowledge and skills. If you want to succeed at anything, you should immerse yourself in that thing. Learn every nitty gritty. This is the only way to succeed. So you need knowledge and skills in trading currencies in order to become a successful forex trader. To attain consistent success in forex trading, a huge amount of time, effort and money is required for a trader.

Do you understand that you can suffer losses in trading? Are you willing to accept losses as part of trading? You are going to make mistakes while trading. Are you willing to learn from your mistakes? Do you have a traders log that you use to reflect on each lost trade and learn from it?

Every trade needs proper planning. Dont try to rush into a trade. Many traders enter into the trade based on someone elses market analysis. Most depend on market analysis from an analyst. If the trade turns out to be a loser, most of us tend to blame the market analysis and the opinion of the analyst. It is easy to blame others.

When you are confident that you have done your analysis to confirm what others are saying only then pull the trigger. Dont be trigger happy! You must reflect on your decision before pulling the trigger. Is it fair to blame the other person when you could have done further market analysis on your own? When you could have planned your trade in a better way, it is foolish to blame others for your mistakes. So accept your responsibility if the trade goes wrong.

Fear and greed are the two most dominant emotions that affect not only the individual traders but also the currency markets. In fact, these two emotions are the main drivers of the forex markets.

Fear and greed are behind the steering wheel of the currency market. Fear makes many traders like you over pessimistic about a currency pair. They start the selling frenzy. Similarly, greed is going to make many traders like you over optimistic in thinking that a currency is going to appreciate. Greed starts a buying frenzy. It develops a bubble based on the irrational exuberance. It is inevitable that this bubble is going to burst. When greed takes over, the market becomes bullish. When fear takes over, the market turns bearish. - 23222

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know Swing Trading. Learn Forex Trading!

See How The Russia Economy Is Growing

By Mike Swanson

The world is grappling with one of the worst economic situations it has faced in years which hurts stock market beginners. There are some people who believe that the current recession is worse than the Great Depression of the 1930's. While there is no concrete evidence to suggest that this is the case right now, it does not really matter. What is clear is that there are a lot of people who are struggling to make ends meet. It therefore comes as a surprise that the Russia economy is growing.

The year of 1989 marked the fall of the Berlin Wall and for many this was the first peak that they got inside of Russia. Up to then they were largely unaware of the country's history and culture and it seemed as if a whole new market had opened up.

The country of Russia was suddenly open for almost any one to see into and of course to contact and do business with. There was a great sense of hope that this would now mean almost endless opportunity for the country and this should have been the case. It did not happen in this way though and many blame this on the advice that was given to the country by economists from the west. They did not advocate a gradual approach such as that of China and this was proved wrong eventually.

While it is too late to change this now, it would seem that the Russian economy has bounced back and it is one of the few in the world at the moment that is actually growing. A lot of this is put down to the mineral wealth of the county and the fact that it is also focused on diversifying its economy.

The government wants to ensure that the success of the whole economy is not just bound to one economic activity. So they will work to ensure that the country of Russia can rely on activities such as services going forward. This is a strategy that many other countries have used successfully in the past.

To ensure that the Russian economy is growing, the government will have to continue with this policy. It could take the country to new heights. - 23222

About the Author:

For more on investing in emerging markets go to the Bric nations report.