The Number One Forex Trading Strategy

The Number One Forex Trading Strategy is .. actually a combination of strategies. The truth is that there a number of ways to really do well on a consistent basis in the Forex market. instead of loading you up with some non-existent "holy grail," I would rather provide you with real, proven and reliable Forex trading strategy. Here is the plan:

First, get your trading head on straight. You would be shocked at how many traders come to the currency market with all sorts of distractions and issues in their heads. How on earth can you make a wise decision in this frame of mind. It is actually, a good idea to review some monetary current events and data along with some basic trading principles about a half-hour prior to actually trading. I know this sounds monotonous but trust me, it is what the winners do.

Second, use your technical analysis tools properly. Trade on the Forex market with proven technical indicators. I like to start off with the 200 day moving average. This is the standard by which the "big money" judges the worthiness or timeliness of currencies for trading against another. It is obviously not the end- all- be- all but it is a great place to start. I then move on to the indicators that show me if a currency is severely over bought or over sold. If this is the case and the currency lines up with the 200 day moving average then I start to become very interested. Here is an example: The dollar is trading above the 200 day moving average. It is severely over sold. Now I am very interested in confirming this. How?

Third, use a reliable Forex trading software program with proven results and a positive reputation. I need clear and reliable signals from my software program and if these line up with the aforementioned indicators than I am feeling confident and ready to gain some significant pips. By the way, I have provided a link below for an objective review of the three leading software programs, I think it will help.

This method I just laid out is not pie-in-the-sky but it is proven and will more than likely make a winner out of you on the Forex market.

Get an Objective Review of the Most Popular Forex Trading Software Programs. Number One Forex Trading Strategy is the place to visit.

See What Forex Trading Software REALLY Works! forex-trading-system-review.com is the place to visit.

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Benefits of Forex Trading - Strategies and Flexibility

One of the benefits of Forex trading market is that you are not limited to selling short or long which in turn means that there are less restrictions. With the ability to choose to sell at any given time regardless of whether the market has fallen or risen for one country's currency gives the trader huge potential for a large profit margin.

Benefits of Forex

• Flexibility
• Leverage
• Below a 1% change in currency most days

Unlike most markets Forex market is 24 hours a day and never sleeps. You do not have to wait for the market to open which means you can trade at all hours of the day. This also means you can respond quickly to however the world's latest movements and news might affect market trends. Another benefit of Forex is that because it is up and running 24/7 it makes trading more flexible for the part-time trader so that he can still work another full-time job. By taking advantage of this luxury and individual can trade in his free time and not be hassled by the thought of limited hours.

What allures more people than anything in the Forex market is the tremendous leverage one can gain. This means that an individual can control a huge amount of money with very little money invested. An example of this would be if a trader had put $,1000 into a 150:1 Forex account he would have the potential purchasing power of $150,000 in the currency market.

Best of all the Forex market tends to be a lot safer than other markets like the stock market. Stocks can easily fluctuate by 10% on any given day whereas most major currencies within Forex only fluctuate by 1%. This means for the timid investor Forex is a perfect opportunity for a learning experience and does not require you to have a huge investment nor does it require you to be a daredevil. The risk is comparably low.

Unfortunately one of the downsides for most novice traders that they will come across in Forex is that it has a high learning curve. This often means that it will take a while before the novice trader gains the experience and knowledge necessary to enjoy the full prosperity of the Forex market and their investments. Luckily this is no longer the case. Expert traders are now willing to share their advice, knowledge, and help beginning Forex trader's understand the market and make lots of money. One of the best 20+ year expert veteran Forex trader who is offering his help and is by far one of the best ones out there coaching is Jason Alan Jankovsky at the Forex Brotherhood

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Which Courses in Currency Trading Should I Use?

There are tons of courses in currency trading out there. How do you know which one to choose? Well it really depends on what it is you're looking for. If you're brand new to currency trading and want to find out the basics or if you have experience and are looking to learn how to profitably trade the markets?

If you're a beginner to forex and what to understand the first steps of trading forex, then a couple of options are babypips.com or any number of great forex forums like forex factory. Babypips has a ton of great mini courses in currency trading. They have a new lesson almost everyday. Their approach is both very accessible and fun. It's just a perfect place to quickly learn the basics of currency trading. Another great place to learn are forums like Forex Factory. It can be a little daunting and is not as well organized as Babypips but there is a mountain of information on some of the basics of trading.

If you are a seasoned veteran of forex trading and still struggling along, then you are probably looking for something more advanced. You've struggled with the markets and are looking for a solution. I'd recommend trying to understand price action. Try to find courses in currency trading that focus on trading without indicators. I know this may sound strange considering everywhere you look, people are talking about trading systems with stochastics, MACD, moving averages and many other lagging indicators. But if you can understand the underlying reasons of price movement by looking at a naked chart, then you'll have an advantage over 95% of the trading public.

Forex trading success is much easier once you understand what you're looking at.

Make sure to check out my honest, unbiased reviews of forex trading courses.

Reuters - Stocks rose for a second day on Wednesday after JP Morgan Chase's chief executive said his bank was profitable in January and February, echoing comments by Citigroup's CEO a day earlier.

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Best Forex Trading Software

The best Forex trading software on the market is the Forex Killer and I want to talk about it. When it first came out it was looked at with a lot of criticism, not because of its quality, but from other products on the market that turned out to be duds. Even with the criticism at the start, the greatness of this product prevailed, even appearing on CNN.

A great feature of this software is that it is an independent program, meaning it doesn't use it's own special date feeds. You can manually add your own and use that. It is very easy to import such data as SignalSoftware, DealBook360, and MetaTrader4.

When you first start using this software leave all the settings as default, especially if you're new to Forex. The software is very useful, it's just like anything, you need to learn how to use it properly. If you add in an extensive leverage value, you may find that your currency has already been traded off by the time it turns around and becomes profitable for you.

Lastly, from my own person use with this software, I've had more profitable trades with up and coming currencies. For example I had a good run with the Canadian dollar that has rose from 63 cents US to parity with the US dollar. I've also had great success with the Japanese Yen that is continuing to climb against the US dollar.

I've had to say the best Forex trading software that I use is the Forex Killer. It will help you process the enormous amount of data that comes with currency trading.

The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

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Who Offers the Best Currency Trading Training?

Currency trading training can be found in a ton of different venues. Ever since forex has become the popular and less expensive alternative to day trading stocks, traders have been looking for currency trading training. The problem is that there are so many trading courses online. How can one possibly decipher the reputable training programs from all the garbage that's out there? It seems like everybody has a trading system. How do you know which ones are worth your time and money?

First off, if you see a trading system that requires a lot of indicators (stochastics, MACD, etc...) to use, run the other way quickly. If you go to free forex forums, you can find literally thousands of trading systems that use basic indicators. Its nothing new. And not to sound cynical, but they are all pretty much the same. You are using technical indicators, which represent past information, to guess which way the market is going to turn. How can you trust a seller who trades the market with these tools? It's kind of like being taught how to ride a bike from somebody who is still using training wheels. It just doesn't make any sense.

Also try to find currency trading training that offers a money back guarantee. Let's face it, no matter how good the training might be, it just may not work for you, for whatever the reason. You want to know that you can request your money back. No questions asked. No harm, no foul.

To find out how I had forex trading success just trading price action, make sure to check out LearnForexDirectory.com to see forex education reviews

Reuters - New York state's top legal officer issued subpoenas on Wednesday to seven executives who received tens of millions of dollars in 2008 pay from Merrill Lynch & Co before it was taken over by Bank of America , a person familiar with the investigation said.

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