Monday, July 14, 2008

course forex online trading Facts

FOREX Education - Work Smart Not Hard To Succeed

I read a lot about FOREX education and how it is essential to succeed and of course this is true, but most people don?t really understand what they should learn and how to do it.

So here are some guidelines, on how to work smart and not hard to achieve FOREX trading success.

When you are looking for FOREX education you can get most of it for free on the net.

Don?t be tempted to buy e-books or ?sure fire? trading methods from guru's.


Because the FOREX education they offer is normally going to cost you and it?s not worth the money.

Most of it is written by great salesman (with great copy) or failed brokers.

In most cases, if it was that good they wouldn?t be selling it; they would keep quite and make money for themselves.

Harsh but true!

If you do want to buy from a guru on the web make sure they have a real time track record that has made money and not a simulation.

The good news is:

There is a huge resource of information on the web you can tap into and it?s all free.

As a novice trader you can learn everything about technical analysis and indicators and see how they have performed in real time.

You can also find lots of material on the traits of successful traders and how you can acquire these traits to make money.

You can then build a trading system for free from this FOREX education and even learn how to apply it.

Paid education that is worth the money.

Look no further than an online bookstore.

There are many great books you can buy from traders who have made money.

Unlike the guru?s on the net who rely on hyped sales copy these guys don?t need to:

They have made real money and lots of it.

There are many books to choose from but here are some of my favourites after reading several hundred over the last 18 years:

1. Market Wizards ? Jack Shwager ( Edit )

This book is interviews with some of the all time great traders and allows you to tap into and learn from the best.

Quite simply, inspiring and essential FOREX education.

2. Trader Vic ? Victor Sperandeo

Perhaps my favourite book of all time.

EVERYTHING you need to know about devising a plan for profit is in this book.

From the essentials of a trading plan, to money management and how to acquire discipline to stick with your plan and achieve trading success.

Again, essential FOREX education.

Other authors to check out are:

John Murphy (for his writing?s on technical analysis) Max G?nter (check him out for some un conventional money making tips!) Jake Bernstein (great insight into the mindset you need to win) and finally, William Gallagher?s excellent book Winner Takes All ? A very entertaining read.

There are many more but the above will give you some great FOREX education.

My own view in terms of FOREX education is to get all the info for free of the net to construct and implement your plan.

Then round it off with some FOREX education from traders who have been their, done it and made money.

I hope you enjoyed my thoughts on FOREX education and wish you trading success.


On all aspects of becoming a profitable trader including features, downloads and some great FREE Trading PDF's visit our website at

Online Forex Day Trading The Tao Of Rapid Wealth Creation And Perpetuation

Foreign currency trading is the most profitable and powerful way to make money today in the world.

It is a 2.5 trillion dollars daily global market and business.

For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousands of years.

This is because it is the jealously guarded ?SECRET? of how the ?Money and Power? Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the ?Movers & Shakers? of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas make their money and get rich.

They create vast fortunes easily trading foreign currencies.

Thereafter, using this great wealth, they create factories to manufacture consumer goods and products and hire you, Joe Bloke to work in those factories, banks and jobs at minimum wages.

So, it is no wonder why they don?t want you to know about the REAL TRUTH and ?SECRET? on how to generate great wealth through foreign currency trading.

If you know how to trade foreign currency and generate $100,000 monthly for life, will you be idiotic, na?ve and crazy to go to work at these DEAD END jobs to earn minimum wages and be paid nickels and dimes?

So, there has been a persistent organized campaign by the powers that be, the Money Elite to KEEP AWAY AND HIDE these ?SECRETS? of creating vast wealth from foreign currency trading.

That is why they are always floating false propaganda and negative campaign in the mass media that currency trading is risky and you should not do it because you?ll lose all your money.

If you go to your bank manager or money management advisor or investment management company and tell them that you wish to make money at home from online currency trading, they will scream at you and try to discourage you and frighten you with the false information and half truth that it is risky and that you?ll lose your money.

This is because it is THE SECRET with which they make money and get rich!

Citibank alone makes $20 billion dollars trading currencies yearly.

Most banks, including your bank trade currencies and it is among the major ways to create income.

It is just that they don?t advertise this secret.

George Soros, the King of forex trading makes billions of dollars yearly trading currencies!

It is reported that a few years ago, he nearly caused the government of Thailand to go bankrupt because he made so much money trading their currency!

Yes, foreign currency exchange trading or forex trading can be risky.

It is true, you can lose your shirt and go bankrupt.

But this is half of the truth.

The other half of the truth is that if you buy and study a good forex currency trading e-book guide or program and understand how it works, avoid the pitfalls and get to know the secrets of risk management and trade with discipline, you can get fabulously rich so fast it will make your head spin round and put the devil to shame.

This is why there is an organized campaign to discredit online currency trading.

If you get rich so fast, then you?ll not need to depend on the ?Money and Power? Elites and their jobs and welfare system where they allow you nickels and dimes to keep you subjugated.

If you get rich too fast, they will no longer be able to manipulate you into voting and keeping them in power to continue milking your life by making you labor and work yourself to death making them rich.

There are so many reasons why most beginners in foreign currency trading fail to earn money and instead lose all their savings.

When they first hear about how easy and fast it is making money from day trading currency, they search the internet and find a forex trading broker.

Then they open a currency trading account and put in a few thousands of dollars in the online currency trading account and immediately begin to try to earn money from online currency trading.

And they get entangled in all the foreign currency trading sophisticated strategies and systems of technical and fundamental analysis such as reading ?Forex charts?, ?Moving Averages?, ?Elliot wave?, ?Stochastics?, ?Bollinger bands?, ?Directional movement index?, ?Trend and Oscillator indicators?, ?Fibonacci retracements and others.

They spend all day and night listening to business news on radio, reading forex newsletters, forex articles in magazines and watching business news on TV

These beginners don?t take their time to buy a valid online currency trading e-book guide to study and understand the forex market and the currency trading ?SECRETS? before they begin trading.

They don?t open the free demo trial forex trading account to practice for free to develop viable profitable currency trading skills first before they open a paid forex trading account to begin trading and making real money.

They make the fatal and dumb mistake of trying to fly in the world of foreign currency trading market before they learn how to crawl.

So, they get confused, make grievous foreign currencies trading errors and lose their money.

When they lose their money, they will not accept responsibility because that is the difficult part.

The easy thing to do is to blame their mistakes on online currency trading and to declare and gripe that it is risky and a scam designed to con the unsuspecting public.

This gives them the justification to begin filing false complaints and instigating legal action with the lame excuse that they were na?ve and didn?t know the risk involved and so have been ripped off.

The truth is that there are at least one million people around the world who have foreign currency trading skills and do it well to make millions of dollars monthly!

Yes, sometimes they will lose.

But most of the time they are fabulously profitable.

I once read about a taxi cab driver from New York who started trading foreign currencies about 10 yrs ago.

While driving his taxi cab, occasionally during his lunch break, he will log into his forex trading account and enter a few currency trades.

By the end of his driving day shift, he would check his online currency trading account and was always surprised to find that for a few minutes of trading currencies, he had made more money that day in minutes than he made driving the cab for a whole month.

This encouraged him to stop driving the taxi cab and to begin trading currencies full time.

In 10 years, he made $4 billion dollars ($4,000,000,000) trading foreign currencies online and was listed in Forbes Magazine?s 400 richest Americans!

He is just one out of the many average people all over the world who took the time to study online currency trading, understood it and trade it correctly and are making millions of dollars without any hard work.

You too can do the same.

It is simple.

If you can click your mouse once to buy the currency and in a few minutes click your mouse a second time to sell them, you can make money.

It is a no brainer. Even a caveman can do it!

So, foreign currency trading is not difficult to understand or to do like stock or bond or commodity trading.

If you know where to get a good and valid forex trading guide or e-book and be patient to spend 1 hr daily to study it to understand the foreign currency trading market, how to click your mouse to buy and sell the currency; and if you will be patient to do the free demo trial for a few months before you open a paid forex trading account to begin trading, you can get obscenely and insanely rich so fast, it will make your eyes want to pop out, seeing all the piles of cash you generate just by clicking your mouse twice for a few minutes daily!

One powerful secret that will help you as a beginner is to avoid hiring money managers at the beginning to trade currencies for you.

The reason is that 90% of these money managers who advertise with highly impressive websites and brochures and also in TV infomercials and radios and seminars are fraudulent.

When you hire them to trade for you, they will over trade your account (churning) so as to generate a lot of trading fees for themselves because whether they make money for you or not, you must pay them their fees.

The more they trade your account, the more fees they generate for themselves!

By over trading your forex currency account, they expose it to massive risk which will eventually lead you to lose a lot of money.

This is because there are certain days and times which are profitable to trade and there are some days and times which are not.

Therefore by over trading (churning) your currency trading account, they get rich at your expense.

Plus, some of them will even use some profits they generated from trading your account to trade for themselves and make themselves rich without you knowing what is going on.

As if that is not bad enough, some will entice you to trade on margin. This means that they will loan you money to trade.

But the trick is that they are loaning you digital money which is created from the air and has no value.

All they do is go to your account and enter any amount of money they wish to loan you. (They don?t actually put real money into your currency trading account!)

This is not real money because it is just digital artificial numbers.

But if you use this fake funny digital money to trade and lose, then you?ll owe them real money!

You?ll be required to pay them with real money!

And if you fail to pay them, they can freeze your bank accounts, assets and homes to collect the debt.

This is how most of these brokers get rich at the expense of na?ve beginners in online foreign currency trading.

So, if you?re a beginner, avoid hiring money managers to trade for you at the beginning. Stay away from managed trading.

Instead learn to trade and after you have made at least $500,000, contact us to give you the list of the best and honest money managers in the world (as well as the best forecasting services) who can trade for you and make you richer.

There is another fraud which some money managers perpetrate.

After you open a paid online currency trading account and put in thousands of dollars in there for them to trade for you, they use your money to trade for themselves.

Then they use a computer software to generate a fake forex trading account statement for your forex trading account which will show that you?ve lost money.

There is no way most people will find out, because you can?t access their trading activities.

And sometimes even when you find a honest and reputable money manager to trade for you, when your account becomes profitable and you request to withdraw some of the money, they will begin to give you a run around, excuses and try to discourage you from withdrawing the money.

If you persist, you?ll find out that suddenly your account will begin to lose money because they have softwares to manipulate it and generate dubious account statements to make it seem as if you?ve been losing money!

Above all, most beginners in forex currency trading fail to earn money because they spend too much time in doing complicated forex mathematics, reading charts, listening to business news on radio, TV and reading too many forex newsletters and magazine articles, which are conflicting, confusing, time consuming and counter productive.

They spend so much time over stuffing themselves with forex trading news and information that they become constipated with information and overwhelmed and so have little or no time to actually click their mouse to buy and sell the currencies and make money.

Most beginners also are unable to find and use a good currency trading system and software.

Some of them are even conned into buying outrageously expensive trading softwares and system for $4000 from some companies who advertise on TV infomercials late at nights.

They don?t know that they can get the same forex trading system and softwares for free online at the websites of some forex trading companies!

These $4000 softwares are not for beginners and when we checked them out, we found they are complicated and not easy to use.

Infact after you manage to master how to use it, they will not help you to make more money!

So, it is not wise squandering your hard earned $4000 to buy them.

If these over priced worthless forex trading softwares work as they are advertised in seminars and infomercial, the companies will not be selling them.

Instead they will keep them secret and use them to make billions of dollars.

If you wake up tomorrow and discover you have a goldmine underneath your house, will you go out and advertise in TV infomercials and radios and seminars to sell your house for $4000???

The truth is that most of these infomercial advertising forex companies don?t really trade currencies. They are just sales people. Shysters. Tricksters.

They make their money by peddling worthless forex trading softwares to the na?ve beginners for $4000.

When you check one of these companies out (one of them has the audacity to call their worthless software ?Forex Made Easy?), you?ll discover that the CEO of this company actually admitted that not only that he does NOT use his $4000 software to trade but he knows nothing about trading currencies!

He only lends his name to his company to use to market their worthless foreign currency trading software.

The company?s pitchman who conducts the seminar is a sales man and he also doesn?t trade currencies because he had committed fraud in the past and was barred from trading commodities.

While the CEO of the company runs infomercial and seminars peddling worthless forex trading software for $4000, he doesn?t use it and doesn?t trade currencies.

Instead he hired a money manager who trades the currencies for him!

So, if you?re a beginner who desires to get rich fast from currency trading, you must know these insiders? ?SECRETS? of currency trading market and the pitfalls and how to avoid all the fraudulent companies peddling worthless forex trading e-books, books, softwares, systems and complicated trading strategies.

There are millions of them.

Beware because they are smooth operators who are very skilled in salesmanship and who can easily dazzle you with their big refined nonsensical English and so con you.

There are billions of dollars to be made in foreign currency trading and you can get abundantly rich trading these currencies online from home or office starting small.

But you must locate and buy a valid foreign currency trading e-book guide.

You must study it and understand it.

You must try the free demo account trading and do well in it before you can open a paid forex trading account to actually begin making real money.

You must begin by trading only one or two currencies at the beginning.

With time as you acquire more skills, you may trade more currencies.

You must learn how to trade with discipline and learn the BEST DAYS AND HRS to trade to be profitable and the other times when YOU MUST NOT TRADE to avoid losing money.

You must know how to ?go long? or ?short? on a currency, how to enter ?Market Order?, ?Limit Order?, ?Stop Order?, ?OCO order? and ?Entry Order?.

If you learn how to do Online currency trading hedging, it will help you to maximize your profits.

You must be disciplined and avoid emotional currency trading.

When you make a reasonable amount of money for the day, stop trading because you can?t be profitable at all times of the day and if you don?t stop and take your profit, you may end up losing all the money you made.

Above all don?t open a paid currency day trading account and trade until you have done the free trial demo account trading for a few months and mastered it.

At the beginning, keep your trading strategies simple.

Avoid complications and advanced trading strategies of technical and fundamental analysis because these are the reasons why 90% of beginners lose money.

Use a simple trading strategy to get rich at the beginning.

Afterwards you may then take advanced forex trading courses and do technical, fundamental analysis and use forecasting services to make even more profits and get richer, making millions of dollars effortlessly.

If you?re serious in learning all the insiders? ?SECRETS? about how to make millions of dollars trading foreign currencies online, without selling your soul to the devil and without losing your shirt, you must get our powerful currency trading e-book which reveals a very simple and yet profitable and powerful trading strategy which is guaranteed to make you $100,000 monthly for life from home or office.

You can learn to get rich from the jealously guarded foreign currency trading ?SECRETS? of the ?Money and Power? Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the ?Movers & Shakers? of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas.

With the millions of dollars which you make from foreign currency trading, you?ll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!

You can make all your dreams in life to come true, without any hard work!

May these insights into foreign currency online investing, foreign currency trading program, investing online, forex trading, day trading, online trading e-book, day trading online, day trading system, day trading course, day trading future, forex day trading, day trading book, day trading firm, day trading training, currency day trading, online future trading, online currency trading, online forex trading, online commodity trading, online currency trading system, currency forex online trading, online trading course, online trading education, trading, online trading investing, forex, forex trading, forex broker, forex market, forex trading system, forex news, forex trader, forex signal, forex trading, online forex, trade forex, forex quote, forex education help you make millions of dollars and to achieve your life?s ambitions and dreams.

Copyright Info:

This article is copyrighted and you may publish this article at your website, in your e-zine (newsletter, blogs) or send it to a friend as long as you retain the author?s resource box, including the website address, and refrain from altering the content or using it in any re-direction manipulation scheme.

If you don?t agree to these conditions, please don?t copy and use this article.

Anyone who violates this condition will be subject to legal action and payment of damages for violation of our copyrights.
Thank you.

Ikey Benney is the creator of Mscsrrr Millionaire Automated Foreign Currency Trading e-book Guide. Discover how to begin generating $100,000 monthly for life from home or office without doing any work
currency trading program:

Online FOREX Trading - To Be Successful Don't Listen To The News!

The online forex trader today has a vast amount of news at his fingertips due to growth of the web and many investors think the more news they study and act on the more likely they are to win, however the exact opposite is true:

Pay to much attention to the news and you will lose.

The reason for this may not be obvious, so let?s look at this question in more detail and see why.

Will Rogers once said:

?I only believe what I Read in the papers?

He was joking but the majority of new online forex traders think they can use the news to their advantage, but they can?t here?s why:

Markets discount

Let?s face it, we see stories all the time from news wires that are full of convincing reasons why a currency will rise and fall, but in most cases there simply good stories and the currency often moves in the opposite direction.

The markets however don?t move on supply and demand fundamentals and opinions nor do they move logically.

Currency prices move to the following equation:

Supply and demand fundamentals + Investor psychology = Market movement.

Investors are in the equation and it is how they view the news that is so important, not the news itself.

Investors are driven by emotions greed fear and hope and it is they that determine the price.

Markets discount news instantly in today?s world of lightening fast communications, so it is almost impossible for most traders to trade off news stories.

Throw in the unpredictably of human nature and trading news for most investors means losses.


If you pay to much attention to the news, your emotions can well come into play.

You will hold positions you should not, simply because the ?experts? are saying they are right in the press.

Don?t forget these experts are selling stories and are not traders.

If you pay to much attention to the news you will simply let your emotions get in the way and discipline will go out the window.

It?s a fact, that:

Major market tops are formed on bullish news and major market bottoms are formed on bearish news.

A compelling conclusion

For small traders the best way to trade fore markets is with a disciplined technical system.

Why? Because it takes the news into account anyway.

All it assumes is that fundamentals are instantly discounted and will show up in price action.

Not only does technical analysis take into account the fundamentals and news, it also takes into account investor psychology.

Taking into account investor psychology is critical, as investors determine the price of anything.

Human nature never changes.

Repetitive price patterns can be seen in charts that reflect human psychology and can be traded for profit.

That is the opportunity, if you trade with a technical system and ignore the news.


On all aspects of becoming a profitable trader including info and for an exclusive href="">Gann Trading Course visit our website at

Successful Forex Traders Know The Value Of Paper Trading

When you open your first mini Forex trading account and start foreign exchange trading your first few trades will be purely paper trades while you find your way around and learn how the market works and how to use the various trading tools on offer. Sooner or later however you'll be ready to move on and to put your paper trading days behind you. But is this really a good idea?

Some of the most successful Forex traders, many of whom have been trading for years, have discovered that continuing to trade on paper from time to time can be extremely helpful and, more importantly, very profitable.

The problem comes whenever you find yourself in a losing trade. Despite the fact that losing trades are simply part and parcel of trading life, no matter how hard you try you're always going to be affected by a losing trade and there is often a strong, if subconscious, urge to get back the money you've just lost as quickly as possible. As a result, you invariably get right back into the market with a further trade to recoup your losses but, because you're not really in the right frame of mind, this trade often results in a further loss or a less than spectacular gain.

One answer to this problem which an increasing number of foreign currency traders are now using is to follow a losing trade with a paper trade.

In this case you trade seriously and just as you would normally but simply run the trade on paper. You study the market indicators, open your position, set your stop loss order and then track your trade, moving your stop loss as you go, before closing the position when your market indicators tell you the time has come.

You may make money or lose money on this paper trade but, since the trade is only on paper, this doesn't matter one way or the other. What is important here is that it has cleared your mind and allowed you to put your previous losing trade behind you. Indeed, even if this paper trade also produces a loss the affect is positive because you are happy in the knowledge that you haven't actually lost any money.

Now however you are ready to get back into live trading again and can open a fresh trading position and track your trade in just the right winning frame of mind. is the ideal place to learn Forex trading and provides information on a wide range of topics including currency exchange rates and the benefits of testing the water through mini Forex trading


Post a Comment

<< Home