Wednesday, March 11, 2009

CFD/Share Trading

The "CFD", or "Contract for Difference", was developed to allow clients to receive all the benefits of owning a stock without having to physically own the stock itself. For example, instead of purchasing 1,000 shares of Microsoft from a stock broker, a client could instead buy a 10 lots of Microsoft on the GCI CFD trading platform. A $5 per share rise in the price of Microsoft would confer to the client a $5,000 profit, just as if he had purchased the actual shares that are traded on the exchange. A major difference is that there are no exchange fees and many of the inefficiencies of trading the underlying shares on the exchange are eliminated. GCI can therefore offer CFDs with zero commissions and very attractive margin requirements. CFDs have grown in popularity dramatically over the past few years, and we believe that this will increasingly be the preferred way to trade the financial markets.

Forex API / Automated Trading

For traders interested in utilizing an automated trading system or developing their own black box strategy, FOREX.com supports fully automated trade execution via a proprietary API.

The API provides users with the ability to receive a real-time rate feed, submit trade requests, set and modify stop-loss and take-profit orders, and receive automated confirmations of trade activity.

For qualified users, we provide a testing environment that enables developers to "paper trade" and test their systems in real time before using the API in a production environment with actual funds.

Saturday, March 7, 2009

Forex Software Review

StockReflex: Stock Market Analysis Tool

Mar 27th, 2008 by OQ in PC Softwares

stockreflexStockReflex is a stock market analysis tool that allows you practice trading by replaying historical stock data in various market sectors. This software is equipped with the Trend Lines that will help you to see when a stock breaks out or breaks down, Technical Indicators like EMA, RSI, Stochastics, Bollinger bands, MACD and DMI. Another features are Virtual Money, Moving Averages, Alerts, Short Selling, and more.


NinjaTrader Trading Software Reviews

Mar 3rd, 2008 by OQ in PC Softwares

ninjatraderNinjaTrader is a trading software that supports forex, futures and equities. Equipped with full system development, backtesting and automation features. You can trade through over 100 brokerages world wide. NinjaTrader is a free application for advanced charting, market analytics, system development and trade simulation.


Novativa Streamster: Free Forex Software from Marketiva

Feb 20th, 2008 by OQ in PC Softwares

novativa streamster: free forex software from marketivaNovativa Streamster is a free forex software that specially designed for Marketiva's traders. This software enables you to learn how to trade forex on a Virtual Trading Desk, and then allows you a painless switch to the Live Trading Desk when you are experienced enough.


APS Automatic Pattern Search: Discover Stock, Futures and Forex Trading Systems Automatically

Feb 8th, 2008 by OQ in PC Softwares

aps automatic pattern searchAPS Automatic Pattern Search enables you to develop and analyze stock, futures and forex trading systems.

This software finds price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical data in a fully automated way.

APS is equipped with an intuitive interface where its user can specify historical data files and the performance criteria the price patterns must fulfill. User is not required to write any code. Code is generated automatically for the price patterns so that they can be implemented in Tradestation, Metastock, Wealth-Lab or TeleChart.


MMExplorer: Trade, Analyze, and Screen Market from Your Cell Phone

Feb 3rd, 2008 by OQ in Mobile Softwares

mmexplorer: trade, analyze, and screen market from your cell phoneIf you want to keep up to date with your portfolio, latest news, and stock prices when you are not on the computer, or if you want to do charting and technical analysis at any time and anywhere you are, you can try MMExplorer on your mobile phone (such as Nokia, Samsung, LG, Blackberry, Windows Mobile, Sony Ericsson and more).

Learning to Trade Forex

Why should I learn Forex currency trading?

By reaching to our website, I think you are already aware that Forex trading is a good way to make money at home. More over, I bet you knew someone, or would have heard of someone, who's already making tons of good money in FX trading.

But what you wouldn't know is that 7 out of 10 traders keep losing money in Forex market! That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually)

Wonder what differs between the losing 70% and the winning 30%?

Forex trading skills and the trading system! If you want to work less than 20 hours a day at home, if you want to make millions by trading freely at home, if you want to have financial freedom by trading Forex; you better LEARN Forex trading before you start trading Forex. Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet.

Mig Forex

Mig Investments Reviews


Well, I am a satisfy customer, tight spreads, good software and first class advice. Swiss company 2000 to start which seems reasonable to me, I started with minilots and now with lots, I fax them, next day money is on the way, quick and efficent answer the phone. Thank you.

Forex Signal Dashboard

Many individuals choose to have managed forex accounts. The reasons why will be explained in this article. In addition, the advantages of having a managed forex account are explored.

Due to the forex market’s high liquidity, 24 hour trading and low start up-costs, many investors are intrigued by it. However, not all traders are able to learn the basics on how to trade currency. This can be because of conflicting time schedules or other job delegations. Investors who wish to participate in the forex market but don’t have the time or the know-how to do so still have ways to reap the benefits. Managed forex accounts are accounts that are managed by individuals that are part of a financial company, whom have the expertise and knowledge in the forex market. It is a live forex account funded by an investor, and traded by a company or a professional. This allows the investor to receive a reasonable profit margin without having to invest their time into doing it themselves.

The company or individual hired by the investor to manage the forex account will take up the responsibility of analyzing and interpreting the market. As well as that, they are responsible for making recommendations to the investor as to which currency pairs should be bought or sold, in their opinion. Many companies and investment firms are part of the forex market. Most of these organizations have a high amount of experience in managing forex accounts. They provide close to 100% value for their services in the forex market. Due to these results, it gives the potential investor a high level of confidence in the company’s services. When these accounts are handled correctly by a professional currency representative, managed forex accounts allow for a better chance of a steady yearly return.

Forex icici

Foreign Exchange Services

Traveling abroad? Your search for Forex ends here

This time when you travel abroad for business or for leisure, relax, let ICICI Bank's Foreign Exchange Services take care of your foreign exchange requirement.

ICICI Bank's Foreign Exchange Services will help you organize your foreign exchange in the most hassle free manner. Whether its Foreign Currency, Travelers Cheques or Travel Card, ICICI Bank Foreign Exchange Services is a one-stop solution to your foreign exchange requirement.

Smooth journeys begin at ICICI Bank's Foreign Exchange Services

Returning Home?

Are you returning from a trip abroad? Are you an NRI coming home?

Leave all your forex worries to us! Just stop over at an ICICI Bank Branch and avail of world-class service and the best rates for your foreign exchange.

Where you are concerned, we offer only the best!

Take advantage of competitive rates

With ICICI Bank's Foreign Exchange Services you are assured of the best possible rates of Foreign Exchange - Currencies, Travelers Cheques or Travel Card, round the year.

Enjoy professional and personalized service

We ensure hassle-free services for you with an assurance of prompt delivery of Foreign Exchange at your doorstep*.

Foreign Exchange Services offers a variety of foreign exchange products like:

  • ICICI Bank Travel Card
  • Travelers Cheques (American Express)
  • Foreign Currencies

*Available in select cities through authorized service providers.

Forex Trader Success Story

Success Story of a Part Time Forex Trader

A new Forex article was added to my collection today. Hearing another success story of the Forex trader might as old to some people, as motivating to others. I think this one will be at least useful to many Forex traders. Experienced and professional Forex traders can say that part time Forex trading can’t be good and that it will always lack the “full market control and awareness”. Yes, I’d agree with them to some extent, but still, part time trading remains the only option to many Forex beginners (and not only beginners, just not professionals). So, here it is:

How I became a successful part time trader - by Joe Chalhoub

Calculate Forex pip value

What is a pip ?

A pip in Forex is the minimum price movement of a currency pair.
For example, in the JPYUSD it is 0.01 and in the GBPUSD it is 0.0001. A pip is then worth $10, $1 or $0.1, depending on the size of lots you trade:

Lot size Name Pip value
$100,000 standard $10
$10,000 mini $1
$1,000 micro $0.1

This is okay for cross rates that are against the US$ (US$ base currency), but what if your trading account is based in US$ and you wish to trade, for example, the GBPJPY? How do you know what a pip is worth in US$ when you are trading a cross rate that does not have its base currency in US$. That is where things get more complicated!

You must convert the base currency - the second currency in your cross rate - JPY in our GBPJPY example, back into US$. To do this, you use the current USDJPY rate. This is where the Pip Value Calculator (below) helps.

Pip Value Calculator

First, select your trading Account currency (normally US$); then, choose your Currency pair; then, input your Lot size (100,000, 10,000 or 1,000); then, if asked, input the required Current price; finally, click the Calculate button.

Forex options recommendations

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Malaysia Forex Online Finance Resources

Malaysia Forex Exchange | Malaysian Business Finance Market Portal
Malaysia Forex Info Online

Forex, which means Foreign Exchange in short concerns everything you need to know about foreign exchange. In Forex.com.my, we are committed to provide you with the most essential and complete information and resource on foreign exchange prices and the different currencies being traded here in Malaysia. You will be able to find here all types of information pertaining to foreign exchange as and when the time changes as well as finding out about the different currencies that are being used here in the country. We have provided here background information as well as places where you can find the best rates as provided by our business partners.

Latest news

This section provides you with the latest news and updates in the corporate and business world as these would usually be the movers of foreign currencies and such. You will be able to read the latest information and developments in these sectors if you are concerned about the rate of some currencies, which will most likely be affected by such happenings. As a registered member of Forex.com.my, you will be able to receive these news in your emails directly as and when they are happening or throughout the week periodically, as per your preferences.

References

This section provides you with all the information about foreign currencies around the world and primarily those that are being used here in Malaysia. We have included here information about their historical background and the strength of these currencies around the world. We have included here all the information you need to know as well as the essential references to keep you informed about how these currencies are faring currently.

Forex Option Chain

Currency Trading Online : Exotic Currency Options

Finally, there are several 'exotic' currency options which are available for trading. I have never traded them myself, but they are quite popular, so here they are:

  • One touch option - pays a fixed amount if the market touches a set price
  • No touch option - pays a fixed amount if the market doe not touch a set price
  • Double no touch - pays a fixed amount if two prices remain untouched ( used for sideways trending strategies where the currency is range bound )
  • Double one touch - as above but one price is touched
  • Digital - pays a fixed amount if the price is above or equal to at expiry

OK - that's it on currency options, now let's put it all together into a planned strategy to build our currency trading business in simple steps.

Forex news of Australia

Aussie Rises as RBA Leaves Rate Unchanged

Tuesday, March 3rd, 2009

Australian dollarThe Australian dollar went up against all other major currencies today after the country’s central bank decided to leave the policy interest rate unchanged, unexpectedly stopping its most aggressive rate-cutting streak.

Forex Books

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

Since currently there are more than 80 Forex books in my collection, they are divided into five different section. Each section is dedicated to its own topic and features the download links to e-books as well as the little description of every book.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Forex Books for Beginners

Books about Forex Market in General

Forex Books about Trading Psychology

Money Management Forex Books

Books about Forex Strategy

Books for Advanced Forex Traders

Thursday, March 5, 2009

Forex Broker: Choosing the right Forex Broker

Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.

1. Is it regulated?

The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.


The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.

Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.

2. Trading Conditions

This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:


Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.


Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.


Fractional trading - Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots "100,000 units" or "300,000 units", they allow you to trade "163,345 units" or "325,911 units". This is very helpful for trades risking certain percentage of their balance on each trade.


Safety of funds - We need to make sure our trading funds are kept in a segregated account or at least insured.

Wednesday, March 4, 2009

ForexCharts by eSignal

ForexCharts by eSignal is a complete charting package developed by a leading provider of real-time market in
  • Real time data feed powered by FOREX.com for the majors and several crosses
  • Composite data feed from Global Treasury Information Services, Inc. (GTIS), that provides a broad representation of the market as a whole
  • Line, bar and candlestick charts
  • More than 30 analytical studies
  • Page-saving system to organize charts and layouts, and more
formation and award-winning products and services.

Forex Charting

Knowing how to read chart patterns for buy and sell signals is critical. Spotting a new trend through technical analysis can make or break your chances for success.

That's why we've partnered with Forex industry leaders to bring you the charting package that suits your trading style and experience level. However you trade, our tools help you decode chart patterns and act on what they're telling you.

GTL Partnership Benefits

- 4 Trading Platform
- Interest Free Accounts
- Spreads from 1 pip on
- Leverage up to 400:1
- Online trading platform on mobile phone.
- Insured Client Funds
- Segregation of Funds
- Managed Accounts/Trading Managers
- Ease of Account Funding
- Hedging
- Bank Guarantee Solution
- Direct access to exchanges
- Extensive daily market research from the GTL Research Team.
- Collateral management Commodities & Margin Financing.
- Outstanding Web-based services customized package and a customer information portal.
- Marketing support and client service for Introducing Brokers.

Refer a friend to FOREX.com and earn cash... instantly.

FOREX.com appreciates your continued loyalty and business. Our Refer a Friend Program is our way of saying thank you for telling your family and friends about all of the benefits of FOREX.com.

GTL ONLINE MOBILE TRADING

GTL ONLINE MOBILE TRADER program is comparable with full-function trading terminal. You have full access to financial markets and trading from anywhere in the world. Moreover, technical analysis and graphical visualization of financial instruments are available (including off-line mode - without connecting to server). Trading is done with adherence to confidentiality and is absolutely safe. If required, you can always refer to the trade history.