What to look for in a forex trading course?

By John Templeton

I understand that if you are searching for a forex trading course to use, you will not surely run out of available courses for sale. It doesn't even matter what kind of trader you are. You could be into scalping the market when you go in and out of the market a few times a day or a more tradition position trader where you hold trades for days or weeks.

I am one of those people who believe that before you make the decision of purchasing the course online, you just need to ask yourself "what am I really going to learn if I purchase this?" Am I just going to learn the same generic information that everybody else teaches or will I have a deeper understanding of what makes the market tick, should I purchase this course.

I think youll find that the problem at the present time is that most forex trading courses arent very good at explaining the underlying reasons why price movements act the way that they do. In fact most courses only give you the generic piece of advice and tell you to blast your charts with indicators.

I cant even begin to tell you what is so wrong with doing this.

Lets begin with the obvious. Indicators are lagging by nature. What this essentially means is that you are making your trading decisions off of information that has already passed. Does that sound logical??

Also, not to be blunt, but what in the world are these indicators actually telling you? Look at the stochastics indicator. With this indicator, you are supposed to know whether the market is overbought or oversold.

The question I want to ask you is do you really think that the majority of traders even have the slightest idea what it would mean in order for a currency to be overbought or oversold? I really don't think so. In fact, most just see a bunch of colors and lines.

All of this goes to the original question I asked in this article. What is it that you are learning? - 23223

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Forex Tutorial: Currency Pairs and Forex Quotes

By Bart Icles

If you are new to the forex market, you might find forex quotes confusing. Do not allow yourself to be overwhelmed with forex quotes. In fact, reading forex quotes can be quite easy.

In reading forex quotes or currency pairs, there are two important things that you must keep in mind. First is that the currency being quoted first is what we refer to as the base currency. Second is that the value of base currency always equals to 1.

The centerpiece or focus of the forex market is the US Dollar. It is also often quoted as the base currency for a lot of pairs. A currency pair that has the US Dollar as the base currency is what we call "major". Examples of major currency pairs are USD/JPY, USD/CAD, and USD/CHF. In major currency pairs, quoted currencies are expressed as the US Dollar, specifically, one (1) US Dollar for every, or a fraction of the, unit of the second currency quoted in the pair.

As an example, let us take the US Dollar and the Swiss Franc. In the currency pair USD/CHF, the base currency is the US Dollar. In the quote USD/CHF = 1.0806, one unit of the US Dollar is equivalent to 1.0806 units of Swiss Francs.

If a currency goes up, you must take note of the base currency. In the aforementioned pair, the US Dollar is the base currency. If the quote goes up, it simply means the value of the US Dollar has increased compared with the value of the Swiss Franc. If the quote goes down, then one can easily conclude that the value of the US Dollar has depreciated to a certain degree.

There are cases when the US Dollar is not the base currency. We often see the US Dollar as the quoted currency when it is paired with the Australian Dollar (AUD), British Pound (GBP), and Euro (EUR). Let us take the AUD/USD currency pair quoted at 0.8044. This shows that one unit of Australian Dollar is equivalent to 0.8044 or less than one unit of US Dollar. One can conclude that the Australian Dollar is weaker than the US Dollar. If the quote goes up, then it means that the US Dollar has weakened against the Australian Dollar.

Currency pairs do not always involve the US Dollar. These currency pairs are referred to as cross currencies. Examples of which are EUR/AUD, EUR/JPY, CHF/JPY, and EUR/SGD. Let us take the currency EUR/SGD pair quoted at 2.0373. This shows that one unit of Euro is equivalent to more than two units of Singapore Dollar or 2.0373 Singapore dollars. - 23223

About the Author:

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Understanding How To Scalp The Forex Market

By Mike Hardaway

When it comes to trading the forex market, there is one thing that really stops a lot of traders, and it involves greed. Because there are millions of traders out there who think that making money in the forex market is easy. This has to do with the fact that a lot of traders buy courses that promise to make them millions, only for them to realize they have been scammed.

The harsh truth is that most people end up losing money in the forex market every single day. It is sad, but true. Many traders get caught on the wrong side of the market when there is a big move that takes place.

Only, and make money using my system of foreign exchange earnings are expected to be small in the day to day fluctuations in these very small. Your small, rather than the daily earnings, are trying to homer daily. The higher low, fluctuating from 50 Pip Forex market is 80 percent of the time. Not earn enough money in these market conditions following a system intrusion methods and trends.

It is easy, 1 click Pip 20-30, switch off the on-screen object to the transaction. Do not be greedy. Daily 20 to 30 to protect your interests with Pip. Brokers would be back to normal most of the profit is more than the rich.

Not only make a living by trading in foreign exchange, instead aiming to be a millionaire? (A) is a good beginning. All day, very deep market-related stress. I have three hours, one of the biggest trade of the day, most of the time is approximately one hour per day. This is more than free time per day in 1000 dollars more per day to 500 dollars, it is recommended that you quote, stay glued to the machine 10 + hours. This leads to burnout and stress the misery.

Most of the break-out or trend following systems only gives you advice on huge movements in the forex markets. My scalping system is not like that. Using this system you can trade everyday for less than 3 hours. You are setting up a successful home based business, making a lucrative profit, having a great life style and it is good money too.

The sad thing is though, that many traders have gotten caught trading with this get rich quick schemes that are so prevalent nowadays. If these were true, then how can you expect to become a millionaire with a $50 course.

Be realistic and treat it like a business. Ask yourself what is it that you really want. Is it good money and a lot of spare time. If the answer is yes then my forex scalping system is the one for you. I sincerely urge you to take a peek. - 23223

About the Author:

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Is Forex Megadroid Worth The Money?

By Joe Santanna

Every month it seems as if some company is releasing another trading robot. And all these robots are packaged the same way, telling traders that they genuinely want to help them and theyll be able to do so by giving them the right trading picks. The newest of these trading robots is the Forex Megadroid which was released just last March 31, 2009.

But is Forex Megadroid just another one of those general trading robots or is it finally different?

For one, what sets Forex Megadroid apart from the countless automated stock picking robots out there in the market is that it uses present trading information to base its trading patterns to and then tweak it appropriately after its assessments. This is all so that it can come up with results that are more accurate and allow you to earn much more.

What past trading robots did was to collect past information about the stock market and then deduced trading patterns from there. Because of this, the stock picks that the trading robots came up with had a large margin of error.

Forex Megadroid was created by two trading experts, John Grace and Albert Pierre, who both have a background of over 30 years of trading experience.

And indeed Forex Megadroid is one of a kind; it utilizes RCTPA (Reverse Correlated Time and Price Analysis) technology which is a first among all trading robots. Due to this, Forex Megadroid is a lot more accurate as compared to the trading robots out there, beating them with 95% accuracy.

But dont be fooled with all the advanced technology, Forex Megadroid has a user friendly interface so it is easy to operate. It is a plug and play software and users only have to follow the step by step instructions to get the program functioning right away.

Another feature is that is has a virtual money account for users who want to test the program without wanting to lose money. It provides up to $100 of virtual cash so that users can effectively try out the software and see if it does deliver.

Because of this feature as well as the others, Forex Megadroid is perfect for beginners and experts alike. And for $97 with a 60 day refund, it is a bargain. - 23223

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Understanding MACD Divergence

By Ahmad Hassam

Interpreting a MACD divergence can be very useful in your trading. What does a MACD Divergence means? Just that the current price trend is running out of steam. It may not happen right away. But a MACD Divergence is a powerful hint that the market is changing. Spotting a MACD divergence correctly will only come after practice. It is easy to spot MACD crossovers and dramatic rises but not so a MACD divergence.

What you are looking for is when the price action and MACD do not agree. For example, if the price is making a series of higher highs and MACD is making a series of lower lows, something is wrong between the two.

Most probably the traders are getting nervous. They are slowly fading out of their trades. No one is trading against the trend and yet fewer and fewer traders are in the trend. MACD divergence is seen as a sign that fewer and fewer traders are in the trend.

When the only traders in the trend are nervous, they are likely to exit their trade at the first sign of trouble. So if MACD is diverging from the bullish trend as soon as the bears muster up enough guts to short, the bulls will exit and the bears will take over.

This is exactly why MACD is so powerful. It takes time to setup but when it works, it often works well. There are two powerful keys in locating times when MACD divergence is likely to represent a reversal in price.

When the price is at the double tops or double bottoms, MACD divergence can be powerful. At this point you spot MACD divergence. You are making your trading plan based on the reversal or breakout of the support and resistance (S&R). This is known as Exhaustion Pullback.

This is a sign that the price action is running out of steam. This would indicate that there are not enough committed traders to break the support and resistance. You should trade now based on rejection reversal.

MACD is also used as an overbought/ oversold indicator or oscillator. Suppose you see that it has reached its overbought/ oversold range. The price action is turning normal. This is a signal that you should avoid trading at this time.

Dont think that the currency pair is overbought and everyone is buying. However, when the price reaches its extreme, you will see price exhaust and the MACD line drop back into normal zone. Dont confuse the overbought/ oversold MACD zones as trade opportunities.

Divergence can not only be found on the MACD line and the signal line, it can also be found on the histogram. You should note this important point. The two situations described above along with your other technical indicators can provide excellent trading opportunities to you. Master MACD divergence! - 23223

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading and swing trading stocks and currencies. Discover A Revolutionary New Forex Robot. Develop your own Forex Trading System.