Make Money Trading Online in Forex Market - We Have List of Online Forex Broker with Helpful Tips & Information for Forex Trader

What is Forex, anyway?

Foreign Exchange Currency Trading (Forex) is the exchange of money between different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.
Forex currency trading is attractive to traders as currency markets are constantly fluctuating and there is potential to profit whether a currency is going up or down. Traders trade on margin which leverages their potential gains. What also makes it so popular is that there is no centralized location for trading as there is in futures or stocks, and trading occurs around the clock (24 hours a day and 5 days a week) over the telephone and on computer terminals at thousands of locations worldwide.

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 hosting so many participants, that no single player, governments included, can directly control or make any significant influence over the direction of the market. That makes the Forex market the most exciting market in the world. Central banks, commercial banks, international corporations, money managers, speculators, and private individuals – are all involved in Forex trading. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

How it works 

Foreign exchange is an exciting market. Individual traders trade on margin. For example, a stake of just $100 gives a trader access to a deal worth $10,000 (using a leverage of 1: 100). Markets fluctuate constantly and for a margin trader every little move is magnified 100 times. And while potential profit is unlimited, the trader can only lose their initial investment – for this example, $100.

For example:

Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 1,000 deposit can command positions of up to USD 100,000 through leverage. If you believe that the euro will strengthen against the dollar you'll want to buy euro now and sell it back later at a higher price.

Foreign exchange currency trading is a regulated market. It operates under the strict rules of the world's financial authorities and the biggest financial institutions on the planet.

The main incentive of currency dealing to private investors and the attractions of short-term Forex trading are: 24-hour trading, 5 days a week, with nonstop access to global Forex dealers.

Further incentives to Forex trading:

• An enormous liquid market making it easy to trade most currencies
• Volatile markets offering profit opportunities
• Standard Forex instruments for controlling risk exposure
• The ability to profit in rising or falling markets
• Leveraged trading with low margin requirements
• Ability to trade not only Major currencies but also exotics, gold and silver, including indices (stocks) etc

Note: If you’re new in online Forex trading, we advice you to open a Demo account, they offer unlimited use of Demo account so you can practice and become familiar of there trading platform before you trade in actual live Forex trading.

Why Trade Forex?

List of Online Forex Broker

InstaForex –  You can open live Forex account for as low as $1 initial deposit and no requirements needed. You can fund/deposit and withdraw your money anytime using Alertpay, Moneybookers, Bank Wire Transfer, Credit/Debit Card, Liberty Reserve, etc. They allow daily withdrawal of your profits and deposit. They also offer welcome bonus from $30 up to $5,000. Forex contest is available for Demo and Live account and you can win prize. They allow automated trading with indicators and Expert Advisors / Forex Robot. Great customer service and open 24/7. Kindly write MMJ in Affiliate Code once you register.

FXOpen – You can open live Forex account for as low as $1 initial deposit and  you need to submit scan or xerox copy of  your passport/ID and utility bill to withdraw your fund. You can fund/deposit and withdraw your money anytime using Alertpay, Bank Wire Transfer, Liberty Reserve, etc. They allow daily withdrawal of your profits and deposit. They also offer welcome bonus from $1 up to $100. They allow automated trading with indicators and Expert Advisors / Forex Robot. Kindly write 212141 in Promotion Code once you register.

eToro – minimum deposit is $50 and with bonus from $25 up to $1,000. You can fund/deposit and withdraw your money anytime using Paypal, Moneybookers, Bank Wire Transfer, Credit/Debit Card, etc. With innovative Forex trading platforms and not the MT4 platform. Regular contests on both real and demo accounts.  Effective support team to answer all your questions. Live news feeds to point out the best opportunities for the Forex trading. Kindly write A16514 for Affiliate Code once you register.

Helpful Tips, Advice, Tools and Quality Information for Trading Forex Market Online

1. School of Pipsology - Forex education is crucial for beginners. School of Pipsology is designed to help you acquire the skills, knowledge, and abilities to become a successful trader in the foreign exchange market.
2. Technical Analysis - Before trading in Forex market online, I suggest you learn and study Technical Analysis, there are lot of tools and technical indicators that you can use for trading in Forex market.
3. Forex Strategies Revealed – Strategies for trading on currency market are difficult to find.
   It is also not so easy to develop own forex trading strategy as good trading systems are often born after years of dedicated studying and active trading. Anyway, I have found on the net a collection of diffirent Forex strategies and they divided it into 4 categories, these are:
   
   • Basic strategies
   • Simple strategies
   • Complex strategies
   • Advanced strategies
4. Helpful Tips and Advice for Forex Trader  – additional tips and information from a professional Forex trader
5. Forex Money Management - This section is one of the most important sections you will ever read about trading. Why is it important? Well, we are in the business of making money, and in order to make money we have to learn how to manage it. Ironically, this is one of the most overlooked areas in trading. Many traders are just anxious to get right into trading with no regards to their total account size. They simply determine how much they can stomach to lose in a single trade and hit the “trade” button. There’s a term for this type of investing….it’s called GAMBLING! When you trade without money management rules, you are in fact gambling. You are not looking at the long term return on your investment. Instead you are only looking for that “jackpot”. Money management rules will not only protect us, but they will make us very profitable in the long run.
6. Expert Advisor (EA) / Forex Robot – Automated Forex can be defined as the ability to trade forex with the use of a computer program called a forex trading robot. The beauty of this system is that it requires no human physical interaction - meaning you don't have to do anything. So there is no need for you to be in-front of your computer trading in Forex 24 hours a day 5 days a week. If you have a little knowledge in computer programming, you can develop your own automated trading system. Here is the link for your reference, you can view the "source code" of different EA, custom indicators and scripts shared by diffirent MQL4 programmer around the world and you can develop your own EA or Forex Robot.
7. Free EA or Forex Robot - We will give you a free copy of my EA or Forex Robot that I personally developed. I do the backtesting from January 2009 up to August 2009 (month to month) for EUR/USD currency pair in 1 minute timeframe and the best result of backtesting is from June 1, 2009 up to July 14, 2009. If you used the EA from 6/01/09 to 07/14/09 with starting capital of $100, it can turn your $100 into $2,930.56 or a profit of $2,830.56 in 32 trading days with 108 closing trades / transactions (click the image below to view the larger image). By the way, I start to developed the EA 1st week of August 2009 and still doing  some backtesting and debugging to improve the automated trade execution. If you want a copy of this EA, kindly registered in any online Forex broker mention above (w/ my promotional/affiliate code) and make at least 10 closed deal (buy/sell) positions and I will send it to you via e-mail after confirmations of your 10 closing trades.