Is Day Trading Forex Currency Possible?

By Joseph Frankler

Many people are starting to learn about the possibilities that lie within the forex market. Since it is still somewhat of a new market, there are a lot of people that don't know much about it. While they might be a professional stock trader, they don't know how to make a living in forex. Is day trading forex currency really possible?

No other market on the planet is this dynamic. Just under 3 trillion dollars, yes trillion dollars, each day, yes each day exchange hands on the foreign exchange market. Take a moment and reread that. If that isn't exciting then your either dead or close to it. With that much money moving around out there 24 hours a day, five days a week you maybe wondering why you did not start sooner.

Leverage is what makes day trading forex currency very enticing. This allows you to control huge amounts of money when making forex trades. That means the potential for huge returns. Some brokers even offer leverage up to 500:1, I'm sure you can imagine the possibilities.

Day trading forex currency is all about the system that you're using. A trader is only as good as the system that they employ. If you don't have a winning system, then you're probably not going to be very successful in the field. It takes a system with a proven track record to profit in this industry.

Many forex day traders are starting to automate a lot of the processes that they do on a daily basis. One way to accomplish this is through the use of an expert advisor. Expert advisors take a lot of the time consuming tasks and condense them down into a software program. If you don't like to stare at the computer screen and analyze charts, let an expert advisor do it for you.

Your money management strategy is going to be a huge part of your success day trading forex currency. This is what is going to control your risk on any particular trade. Most traders try to stay within 1-3% of their total account per trade. This prevents you from losing everything on one trade but still allows you to profit.

Finding a good broker is also an important step that you'll need to take before you start trading. There are many different brokers out there that would gladly extend you an account. However, you need to figure out which one works best for you. You want them to be regulated in a country that you feel comfortable with. You also want them to have all of the options that you need as a trader.

Regardless of how you decide to start trading, the important thing is that you take all of the necessary steps to becoming a day trader. Day trading forex currency isn't something that you just pick up overnight. It is a skill that can be learned and once you have the knowledge, you will benefit from it forever. - 23217

About the Author:

Looking to start day trading forex currency? Be sure to check out Jim Sullivan's blog for the latest information. http://tradingforexblog.com

Trading The Seasonality

By Ahmad Hassam

The stock market is full of sayings like, Sell in May and go away, as well as the conventional wisdom about the, summer rally, the Santa Claus rally, the dark days of autumn, the presidential cycle, and so on. So the first question that comes to your mind is that are these seasonal cycles real in the markets and how you can time your trading with these cycles?

Markets are about big banks, insurance companies, hedge funds, sovereign wealth funds, governments, mutual funds and individual investors creating a very diverse and dynamic environment. Markets are always changing; money keeps on moving in and out of stocks, bonds, currencies, commodities and so on with the stroke of a mouse and speed of electron thousands of times every day.

Still such fast action, there is some seasonality in the markets that you should know if you are trading these markets. In 1960s when big Wall Street players would go on summer off, volume dried up and the market tended to have a slight upward bias. Now, with the high speed internet connection and satellites, any money manager can stay in touch with the market on his laptop or mobile phone even on family vacations in a remote island of Pacific!

Technology and innovation always bring change and new things. Past is gone. Everything is now real time. Breaking news is being flashed across the world in minutes if not in seconds. Twitter recently broke the record and spread the news of the death of Michael Jackson so fast that even search engines could not live up to the speed of Twitter. With globalization and the ability to communicate in real time, money has started to move in a less predictable fashion. This has altered the trading patterns. What used to work yesterday does not work today. Money flows very fast now days! In the past markets were a whole lot less complicated. Most of the money moved between US and Europe.

You shouldnt rely on seasonal analysis as your main method of trading stocks, bonds, currencies or commodities. At the same time, you should be aware that there are times when the markets do tend to follow these seasonal patterns.

stock markets have a certain tendency to move in certain directions during certain months of the year. This general seasonal trend is a good one to keep in the background of your mind. September tends to be the toughest month of the year. For the past 50 years, the average return on S&P 500 for the month of September has been around 0.6%. Dow Jones Industrial Average has even preformed worse with return of -1%.

Holidays means party time. Everyone wants to enjoy holidays. Holidays means investors are in a cheerful and exuberant mood and the money managers want to show a good performance at the end of the month. September has been traditionally a bad month and November has been a good month for the bulls. The S&P 500 Index has the general tendency to rise in the month of November. December is another typically strong month. December is the month of holidays and the end of the year. - 23217

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. Try This 1500 Pips A Day Forex Signal Service! Know These Candlestick Patterns!

Testing Forex Trading Robots For Seek And Scalp Profits

By John Eather

Foreign exchange day trading is no great challenge. Millions of traders are doing a similar thing during certain hours of the day. This is where forex trading robots have their use, they look at the trends, and are set to seek and scalp profits. While this is a relatively risk free way of building up reasonably large incomes over time, the challenge lies in finding a robot that will perform.

Forex traders all use different trading systems; however these do tend to have a certain predictability about them. For you to actually take on the challenge day trading is a bit of a bore as volatility in short time frames is completely random. There is also the matter of support and resistance levels which are not valid, and because of these the trader is able to make losses when using a robot instead of profits.

Forex trading robots come in all shapes and sizes, there are loads of these products available. While day trading can mean the trader earns regular small profits which add up in the long terms. Most day trading robots have simulated "back tested" data available. This is base on historical information which may not apply in a real time situation. The only way for the trader to know if these products perform is to test them with real data in real time.

You have to look out for certain factors when testing a forex robot, it has to be able to provide consistent, steady trades (more winning than losing). Sound money management which is vital in any foreign exchange trading. So it has to protect the equity in the account and there should also be no large draw-downs on the margin account.

Ideally forex trading robots should be tested while the market conditions are exactly the same, or at least similar. The capital deposit in the margin account must be the same and more than one product should be compared during these conditions. Some traders believe you should stay away from day trading, while others believe it. - 23217

About the Author:

Looking to find the best deal on forex trading robots, then visit www.MoneyMakingFxTrader.com to find the best advice on automated forex trading for you.

The Need To Have Tangier Property

By Gerald Branch

Tangier property is now becoming popular in the business circle. This is especially now that Tangier city is being honed as the next Dubai to reckon with. These are the people who know great deal of opportunities they will get when they own Tangier property. People who know much about the development in that area in northern Africa are getting agog to getting their own property for the investment potential it holds.

Having Tangier property at the price of today is really a great opportunity for anyone to grab. Knowing that the place is currently develop as a cosmopolitan hub, it is a sure thing to get the kind of investment to your advantage. This is why many people in the business circle are now getting agog to have this kind of property.

You need not have to travel to Tangier city just to acquire any of the property you will be good to have there. You can now secure any property you want to have from Tangier city right in the comforts of your own room with the advent of the powerful internet. It is not hard to have Tangier property in this technologically-advanced society.

I can easily be done in just one click right in your own home. This is made possible with the many websites that cater to this kind of business endeavor. Buying the tangier property you wanted to have is now as simple as one, two and three.

It would also be much easier for anyone to buy these kinds of properties online. Apart from not having to deal with the hassles of actually visiting the area, big savings through awesome discounts can be availed while doing your purchase online. No need to worry of not being able to see the property in person as websites will show you a comprehensive catalog of it which is as good as real. These are sure more than enough to entice you to have your own Tangier property. - 23217

About the Author:

You may want to visit Morocco and definitely you need some place to stay for the stint. There is the Tangier property that is available for sale or lease. You need to have it as it is one of the best places you can get while in the area. You get to see and experience the soothing breeze of the sea and find time to relax and suit yourself. There is no place where you can get satisfaction guaranteed.

Trading Holidays

By Ahmad Hassam

October is the month in which the most infamous crashes historically took place. The party starts in December and continues in the early part of January with some hangover effect. So what is the January Effect?

There is usually a significant rally in the early part of January that actually sets the tone for the rest of the month and sometimes for the rest of the year. The January Effect can be quite a rally but much depends on the strength of the economy, how good December was and is there any catalyst to move the markets. So what is this January Effect? January Effect actually starts in the mid December and tends to favor small stocks. The most profitable period as measure statistically has been found to start from December 31st and end around February 28th with an average rate of return of 6.6% on smaller stocks.

Now January Effect may happen or may not happen but the turn of the month that is the last day of the month and first five days of the next month form a very good seasonal pattern. Now, you must know this fact that the January Effect is not guaranteed every year. The best example is the year 2007 when the market became bearish and didnt start to look to bottom out until March 2008.

If you buy stocks at the last day of the month and hold them for the first five days for the next month, chances are you are going to make some profit. This can be a good swing trading strategy. At the end of the fifth day you move your money back into the money market funds. Turn of the month is a very good seasonal pattern that actually holds up more often than not.

Why the end of each month is good for trading? This system works because the pension funds tend to put new money to work during the holidays and the overall tendency of the market to rise improves. You can do the same on the holidays. Move your money in on the day before the holiday and sell it on the day after the holiday.

The holidays and those times when people traditionally take vacations often lead to higher prices. Fewer traders lead to lower trading volume which in turn tends to exaggerate price moves. People start to feel happy when the holidays approach and buy stocks before they run off to celebrate Christmas, the fourth of July, the Labor Day and so on. After the party the reality sets in the stocks are usually sold off.

Thats because these days fall within the most bullish time period of the year, winter! The three days before the New Year Eve and the first three days trading days after the New Year are your best holiday bet for making money. - 23217

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. Try This 1500 Pips A Day Forex Signal Service! Know These Candlestick Patterns!