Samsung Galaxy Mega 6.3 revisits the FCC with AT&T-native LTE Mobile

Yes, we've seen Samsung's Galaxy Mega 6.3 at the FCC before. With its second visit, however, there's something special. The extra-large phone is back as the SGH-i527, and it's carrying AT&T-native LTE that hints at a probable US carrier deal. There aren't any other visible changes in the filing, although we weren't expecting any. The real question is when this behemoth will ship to the States, assuming it ships at all -- for now, any possible AT&T launch remains shrouded in mystery.

LG's Optimus G followup to feature a Snapdragon 800 CPU Mobile

LG and Qualcomm have enjoyed a close relationship for mobile phone chips, and it appears that will continue with the next Optimus G device, which is due in Q3. A press release tonight promises it will feature a Snapdragon 800 CPU for "the ultimate mobile experience" -- a claim benchmarks seem to back up. Qualcomm says the new 800 chip can best the original Optimus G's S4 Pro by "up to 75 percent" in performance, although what may be more interesting is how this aligns with a LS980 handset that recently leaked on Sprint's website. The release also highlights the new chip's ability to use LTE Advanced carrier aggregation for even faster bandwidth speeds, so while a Galaxy S 4 variant may deliver the feature first, it probably won't be alone for long.

Logitech ships Harmony Ultimate Hub in August for $100, remote not required HD

To date, home theater mavens who've wanted Logitech's Harmony Ultimate Hub have had to buy it as part of a Harmony Ultimate or Harmony Smart Control bundle -- neither kit being a bargain for viewers with existing gear. They'll have a better option soon, as Logitech now expects to ship its promised stand-alone version of the Ultimate Hub to Europe and the US in August. Those who shell out $100 will have the same IR, RF and WiFi support as the bundled hub, just without the redundant hardware. They can even rely solely on Logitech's free Android or iOS apps for input, should adedicated remote seem archaic. The Ultimate Hub may be well-timed: when alternative remote control bridges are fading away, Logitech may snag some of those customers looking for a replacement.

If Office Hits The iPad, Even Fewer People Would Buy A Surface

Remember this ad? The ad where Microsoft attempts to position the iPad as a chopstick-playing toy and the Surface as a PowerPoint-editing machine?
Yeah, that’s why we can’t have nice things.
Microsoft just released Office the the iPhone. It lets users edit any Word, Excel or PowerPoint document. As the oh-so-catchy name states, Office Mobile for Office 365 subscribers is Office Mobile for Office 365 subscribers only, meaning the app is essentially $100 a year. It’s not “Office for iOS.” It’s just a way to open and partially edit Office files for those saps paying for Microsoft’s pricey cloud platform.
Judging from the screenshots, it looks like a quality application. It supports rich media content like charts, animations, SmartArt graphics and shapes. And since it works through MS’ cloud service, all changes saved on the phone updates the original, too.
But forget about a native iPad app. Microsoft can’t kill the only legitimate selling point of its struggling Surface tablet.
Microsoft might have moved enough Surface tablets to not call it a flop, but the tablet was far from a blockbuster hit. Ever since launch, Microsoft has supported it with constant ad campaigns touting the tablet’s productivity chops. The latest TV spot pits the Surface RT against the iPad, deeming its offering as the superior choice for those that need to get any work done. However, in Microsoft’s world “work” equals editing a PowerPoint deck. This is something you can do quite handily on the iPad using Keynote and, in fact, I suspect Keynote users are well aware of the benefits of their superior platform.
Middle manager infighting must be rampant at Microsoft. One on hand, the company has to properly support its Windows 8 ecosystem and that means position its tablet offering as the only MS Office solution. But then, likewise, a true mobile version of MS Office would better help fight Google Docs. In this case the Office team lost, relegating Office to just the iPhone and in a truncated version at that. Windows 8 wins, the Surface stays slightly more interesting, and everybody in Redmond wins.

Mozilla Science Lab encourages scientists to share ideas over open web Alt

Even though scientists created this glorious internet you see before you, current scientific practice is still based more on publishing academic papers than sharing ideas online. As one of the more prominent proponents of the open web, Mozilla stepped in to offer a solution with a new open science initiative called Science Lab. It's designed to bridge the gap between the open web community and researchers so that they can share ideas, tools and best practices on how the web can be used to solve problems and improve research techniques. Led by Kaitlin Thaney, a long-time open science advocate, the Lab will initially focus on bringing digital literacy to the scientific community with the help of Software Carpentry, a program that teaches basic computer skills to researchers. From there, the group hopes to foster a global conversation on how to encourage the use of the web in science. It's great to see that the internet has a lot more to offer the field than just Foursquare check-ins.

Forex

Qu'est-ce-que le Forex?
Le Forex est le marché des devises, des changes entre les principales monnaies du monde entier.A l'origine c'était un marché réservés aux professionnels de la finances comme les courtiers, les banques d'affaire, les traders, où les lots étaient très importants (minimum 1000€).Avec le développement d'internet et de ses facilités de communication, le forex s' est énormément démocratisé; les cours en temps réel ainsi que les mises d'entrée beaucoup plus faibles, ont permis aux particuliers de s'attaquer à ce système de trading..Concrètement, comment ça fonctionne?
Pour pouvoir faire ses premiers pas dans le trading des devises, il faut s'inscrire sur une plateforme spécialisée comme ECMarkets par exemple, effectuer son 1er dépot, afin de se constituer un capital et commencer à le rentabiliser.Ensuite grâce à votre analyse de l'actualité économique, des indices financiers et des conseils de traders que vous pouvez obtenir sur la plateforme ou sur des sites spécialisés, vous pourrez acheter vos 1ers lots.C'est donc la succession d'achats et de ventes de lots qui vous permettront le cas échéant de faire des profits.Il faut savoir que la plateforme n'est pas partie prenante dans votre espérance de gains, elle se rémunère uniquement en fonction des transactions que vous faites (spread).C'est un gage de neutralité.Comment spéculer avec le Forex?
Comme nous l'avons vu, les principales valeurs financières de trading sont les devises.Ce sont les variations à la hausse ou à la baisse des changes sur les monnaies du monde entier qui vous permettront de faire éventuellement des profits.Les principales paires (c'est que l'on nomme les changes de monnaie) sont EUR/USD (euro/dollar US), EUR/GBP (euro/livre sterling), CHF/EUR (franc suisse/EUR).Les bourses du monde entier (Asie, Amérique, Europe) influent sur le cours des devises, c'est pour cela que les cotations ont lieu 24h/ 24 et 6 jours/7.Par extension, les plateformes de trading offrent la possibilité de spéculer sur le cours des principales matières premières, et des actions de sociétés de taille mondiale.Cependant le terme Forex est resté quand on parle de plateformes pour les non-professionnels.

Trend Runner on forex

Hello all,

I have been a lurker on this forum for more than a few years. I have decided to give back to the FX 

community by sharing a trading method that has worked for me, finally, after 5 years of trying. I call it Trend Runner. Before I get into it I would like to first lay down some rules for this thread.

1 - I know the method is not perfect. No method is. If you have something to say about it, please make it constructive. Back up what you are saying.

2 - If you run into any issues or want to ask something, please include a chart pic and add notes. It just makes it easier to see what you are talking about.

3 – Please do not ask me about Eas because I do not believe in them.

4 – If you do not like the method, just leave. We are all here to learn not come down on each other.

5 – Do not be shy to ask questions about the method, but please, do not fill the thread with simple questions that have been answered a million times all over the web. If you do not know what time your broker closes it's candle, figure out, how am I supposed to know.

6- If you are brand new to forex, please go to babypips/school and learn the basics. I will not answer the basics here.

7- I know that everyone has there own way of trading. I have no issue with you making this system your own, but before you start adding indicators, just try it out the way it is.

OK, now that we have that out of the way lets get started.

TREND RUNNER

Trading Type : Swing Trading

Goal : To catch mid term swings in the direction of the over all trend.

Pairs : Any and all Forex pairs, metals, oils, stocks & CFD's. I use AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/CHF & XAU/USD (GOLD).

Time Frames : 4 Hour and above is recommended. I use 4 Hour.

My broker: Oanda.

Indicators: 200 SMA (Levels 50 & -50), Support & Resistance (Barry) & Super Trend. I will include I extra tool called Signal bars Daily. It is not an indicator. You will not base trades off it. It is a MTF tool that shows you the over all strength of each TF for the pair it is on. It also has the daily open, high low pip count and current spread.

Money Management: Everyone has their own risk tolerance. Here I will explain my management. I begin the same month the same way. I begin with my current balance as displayed in my account. To that I add the margin being held by my broker for any current open trades. Finally I add the value of any secured profit on any open trades that have not yet been realized but have been secured by stoploss.
As a note, if your current trade is against you, be sure to minus the full 2% that was @ risk.

I use this value until the end of the month no matter how many wins or losses I have that month. Why you may ask? My risk is always 2% of balance per trade. But that amount changes with each trade. If I risk 2% after a win & take a loss, it will wipe out more then 2 % of the original balance amount. If I then take a trade based on the after loss balance & use 2% & it is a profitable trade, the amount will be less then I would have made had that amount been based on the original monthly amount. Get it?

Now, because the goal of this method is to catch mid term trends, we need to let the trade breath. I use a static stoploss of 100 pips for each trade on the H4 TF. The beginning of any trade is the highest level of risk you will take when you trade. The goal of trading is to minimize losses and maximize gains.

Management of your trade is important. What I do is once my trade is +30 pips to the good, I move my stop to BE +3. I do that because that will at minimum cover my interest and leave me a bit of profit should the trade go against me. After that point, for every 10 points of movement, I will add another pip to my BE. If, by the time you check, the market has moved in your direction but has come back a little, you will still add 1 pip for every 10 PIPS IT HAS MOVED IN YOUR FAVOR. For example, If the market has moved 100 pips in your favor but is now around say 60 pips, you should have a a BE +10. That way no matter what happens, you will secure 10% of the over all move. There is more below in the explanation of indicators. Please be sure to read that.

I know the above is a bit much to take in and might be a bit confusing. Here are 2 examples that might help:

Example 1:
June 1st balance = $ 9500. Current margin held by broker $1500 for trade 1 & $1500 for trade 2. Trade 1 has 125 pips secured @ a value of $2 USD a pip. Value $250. Trade 2 has 75 pips secured @ a value of $2 USD per pip. Value $150.

Add it up. 9500 + 1500 + 1500 + 250 + 150 = 12900. This amount, $12900, is going to be the basis of all trades executed during the current month. So I work that out as :

$12900 X 0.02 = $258. Now with a fixed 100 pip stop I divide 258 / 100 = $2.58. If you use MT4 for your trade execution, you will use 0.25 lots per trade. Its always better to round down then up. If, like me, you execute off Oanda FXTrade platform, you will use ( roughly) 25,800 units.

Example 2:
June 1st balance = $ 9500. Current margin held by broker $1500 for trade 1 & $1500 for trade 2. Trade 1 has 125 pips secured @ a value of $2 USD a pip. Value $250. Trade 2 has -50 pips @ a value of $2 USD per pip. Value -$100.

Add it up. 9500 + 1500 + 1500 + 250 - 200 = 12900. This amount, $12550, is going to be the basis off all trades executed during the current month. So I work that out as :

$12550 X 0.02 = $251. Now with a fixed 100 pip stop I divide 251 / 100 = $2.51. If you use MT4 for your trade execution, you will use 0.25 lots per trade. Its always better to round down then up. If, like me, you execute off of Oanda FXTrade platform, you will use ( roughly) 25,100 units.

Indicators & What They Are Used For:

200 Simple Moving Average (Levels 50 & -50) -




The 200 SMA is the most widely used and accepted Moving Average across all markets. It is especially useful in long term trading. In this method I use the 200 SMA to show the over all trend in the current TF. When price is below the line, I look for only shorts. It helps if the line is also trending down but it is not necessary. If you take a short trade because price closes under, I mean the price, not just if it spikes through, and the 200 SMA is either long or flat, the risk of the trade is higher that it will fail. That does not mean do not trade, it just means the likely hood of failure is high.

Super Trend -



This indicator was developed by Olivier Seban and later on Recoded by Jason Robinson, This indicator has the huge advantage of working on all the time frames in all markets.It is based on average true range (ATR). Blue indicates a bullish trend and red indicates a bearish trend.

Super Trend indicator moving above or below the price depending on the trend developed. Olivier Seban repositioned based on the closing day, which has the main advantage to filter false signals that may occur when the trend slows or during periods without trend. I use it as a confirmation. If overall trend is down, then I will only take trades when this indicator is red and price is below the 200 SMA.

Support & Resistance (Barry) -



This is a basic support & resistance indicator based on fractals. This indicator REPAINTS until price actually is confirmed a few candles later. This indicator is used as future stoploss levels/profit secure levels.

Your completed chart should look like this if you use the included MT4 template:



In the next post I will get into how I trade this method & add the indicators and template.
************************************************** ****************************************
EVERYONE PLEASE READ

Yes, the S&R levels are used for new Stops/Profit protection. Sometimes, however, they do not show up for a long while which I personally do not mind if the market is just bouncing along. However, if my trades are in deep profit, I can adjust my stops with out waiting for the S&R to show up. You can see new levels of S&R even if you do not see the indi show up. It is a money management decision. If your ok with waiting for them great, if not adjust your trades as you wish.

This thread was started for the method, not the money management. I discussed my money management to give people an idea of what & how I control the trades. I have showed this method to a few colleagues. Some of them liked my MM method, some did not. One of them uses PSARs, I believe his settings are Step 0.02, Maximum 0.2. I actually liked that one but just stuck with mine because it works. He is comfortable with that, I am comfortable with mine. My buddy uses automated Trailing Stops. Some one else moves his stops to every S&R green & red. If it brakes and closes, he moves his stop.

You guys see what I am getting at? You must be disciplined but do not be so rigid that you lose money just because a line didn't show up on your chart. Come up with a MM method that works for you. Don't use mine if you do not believe in it. Make one that works for you, use some of the ones that my colleagues use. The bottom line is, we are here to make some money, lets go make it.

I want read and see what you guys are doing, post some charts and let me know what you guys are trading and what MM method you are using.

Another quick note about creating a MM scheme.

Please go live. Even if it's just a few cents a pip. If you dont, you will find yourself in a world of trouble if you can not handle how your MM works with real money VS demo.

Take care-

-ILZ

************************************************** ****************************************
EVERYONE PLEASE READ

OK, it seems that people are confused. I thought I explained it well but I guess not.

When to enter check list:

PRICE CLOSE ABOVE/BELOW 200 SMA?

YES - MOVE TO NEXT QUESTION

NO - STOP

PRICE CLOSE ABOVE/BELOW SUPERTREND? BLUE FOR LONG, RED FOR SHORT?

YES - MOVE TO NEXT QUESTION

NO - STOP

This seems to be the part that most who do not get it are confused with.

IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, PRICE MUST CLOSE AT LEAST 30 PIPS AWAY FROM THAT ESTABLISHED S&R.

IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, LESS THAT 30 PIPS AWAY, PRICE MUST BREAK AND CLOSE THAT ESTABLISHED S&R BY ANY AMOUNT.

Stop Adjustment:

ONCE PRICE MOVES 30 PIPS IN YOUR FAVOR, ANYTIME DURING OR AFTER INITIAL ENTRY CANDLE, MOVE STOP LOSS TO BE +3.

FOR EVERY 10 PIPS OF TOTAL MOVEMENT, NOT JUST CURRENT PRICE, MOVE BE +1.

MY INITIAL STOP IS 100 PIPS UNLESS THERE IS AN ESTABLISHED S&R THAT IS CLOSER THAN 100 PIPS.

YOUR STOP CAN BE WHAT EVER YOU WANT.

Closing trades:

IF PRICE CLOSES ACROSS SUPERTREND. DOES NOT MATTER ID SUPERTREND CHANGES COLOR OR NOT.

IF PRICE CLOSES ACROSS 200 SMA.

IF PRICE CLOSES ACROSS S&R IN OPPOSITE DIRECTION OF CURRENT TRADE.

That is all the basics. Every other nick knack question is answered throughout the thread. If you are not going to take the time it read all the answers people & myself graciously posted, that is on you.

Now we will start with the basic method of entry. We will also get into advanced entry and exit methods a little later.

Long positions-

I enter long when -

1- price closes above ( IMPORTANT – PRICE MUST CLOSE ABOVE NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the 50 level of the 200 SMA

2- Super Trend is Blue
Short positions-

I enter short when -

1- price closes below ( IMPORTANT – PRICE MUST CLOSE BELOW NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the -50 level of the 200 SMA

2- Super Trend is Red

Stoploss-

I place a initial stoploss of 100 PIPs on all trades.

Managing Trades-

If/when price moves 30 pips in my direction, I move my sl to + 3. For every 10 pips price moves for me, I add 1 pip to BE. Once a new support/resistance line is confirmed (usually within 3 candles), I move my SL to that line + 3.

My exits are when price takes me out.

That's it for the basics. Here is a screen shot with some notes on how it would work for a long. This is a cherry picked screen shot. I will talk about not so perfect trades in a future post.

Download


Now that we have the basics out of the way, let us get to the nitty gritty of how to trade this method. Lets do it by examples.

Scenario 1 -



As you see, price has moved from below the 200 SMA & closed above the 200 SMA. Supertrend is Blue, price broke and closed above an established resistance point. That is what I like to see. This is a perfect start to a long.

Scenario 2

Price has been above/below the 200 SMA I took a trade but now I'm out, how do I get back in?



If price is bouncing around between S/R, I wait for it to break and close above/below the current established S/R


Scenario 3

What if price is above SMA but below the Supertrend & Supertrend is Blue or vice versa? In this situation, I would wait until price closed above a blue supertrend before I take the trade. In the picture below we also have a established resistance point. Before I take this trade, price would need to close above both the supertrend and the resistance point.



Scenario 4

In this pic, we see why I like to wait for a break and close of s/r line. If the market is just ranging, its no good to me. This is a 3 week range.




These are the most common scenarios I have encountered. If you come up with any more, please include a pic shot and a brief explanation of what the problem is.

My current Open trades - 

Long GBP/USD @ 1.52784. Current stop 1.54150. +136.6 secured

Short USD/CAD @ 1.01907. Current stop 1.01867. +4.0

Trade Update

1 AM CANDLE

AUD/USD - NOTHING

EUR/JPY - NOTHING

EUR/USD - NOTHING

Long GBP/USD @ 1.52784. Current stop 1.54150. +136.6 secured

Short USD/CAD @ 1.01907. Current stop 1.01827. +8.0 secured

Short USD/CHF @ 0.93941. Current stop 0.93911. +3.0 secured

USD/JPY - NOTHING

Gold - NOTHING

What is Forex Trading ?

What is Forex Trading  ? – An Introduction To Foreign Exchange Trading by Nial Fuller

A Brief History of the Foreign Exchange Market (Currency Market)

The creation of the gold standard monetary system in 1875 marked one of the most significant events in the history of the Forex currency market. As countries each attached an amount of their currency to be equal to an ounce of gold the changing price of gold between two currencies became the first standardized means of currency exchange in history.

World War I brought with it the breakdown of the gold standard due to the major European powers not having enough gold to exchange for all the currency that the governments were printing off at the time in order to complete large military projects. The gold standard was used again between the wars, but by the start of World War II most countries had again dropped it, however gold never lost its spot as the ultimate form of monetary value.

In 1944 the Bretton Woods System was implemented and led to the formation of fixed exchange rates that resulted in the U.S. dollar replacing the gold standard as the primary reserve currency. This also meant that the U.S. dollar became the only currency that would be backed by gold. In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this market the end of the Bretton Woods System.

It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the “birth” of the current foreign currency exchange, although it did become widely electronically traded until about the mid 1990s.

What is the Forex Market used for?

Forex trading involves transactions in which one party purchases a quantity of one currency by paying in a quantity of another currency. The Forex market is a global decentralized financial market for the exchange of currencies. Around the world various financial centers act as hubs for trading between a wide range of different types of buyers and sellers 24 hours a day, except weekends. It is the foreign exchange market that determines the value of one country’s currency relative to another.

The primary reason the Forex market exists is to facilitate international trade and investment by giving businesses the ability to convert one currency into another. As an example, a U.S. business can import goods from Japan and pay in Japanese Yen, even though the business is based in America and operates in U.S. dollars. The Forex market also provides a medium for speculation which works to add deeper liquidity to the market, making exchange rates less volatile. The “carry-trade” is facilitated via the Forex market, this is a trade in which investors can buy high-yielding currencies against low-yielding currencies and profit from the higher yielding interest rate.

What are the Benefits of Trading the Forex market?

Some of the many benefits of trading the Forex market include the following:

• Trading can be done from anywhere in the world with only an internet connection and a computer needed.

• Huge trading volume, this leads to dense liquidity making it easier to get in and out of positions at the price you want.

• Flexible trading hours; continuous operation 24 hours a day 5.5 days a week.

• Greater availability of leverage to enhance profit margins relative to account size than compare to other markets.

• Fewer variables to consider as compared to stock or commodity trading.

• No inherent market bias like the bullish bias stocks, this means greater opportunities to profit from the volatility in both rising and falling markets.

• Ease of accessibility and low start-up costs.

Advantages like the ones listed above and others are the reason why the Forex market has been referred to as the market closest to the ideal of “perfect competition”. According to the Bank for International Settlements, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, as of April 2010 a growth of approximately 20% over the $3.21 trillion daily volume recorded in April 2007.

Who Trades The Forex Market ?

• Large banks, central banks, and other financial institutions.
• Governments
• Currency speculators / Retail traders / brokers
• Institutional investors
• Corporations involved internationally
• Travelers / Tourists

What Are The Most Traded Forex Currencies ?

The most traded currencies by percentage of daily share as of April 2010 are:

1. United States dollar = 84.9%
2. Euro = 39.1%
3. Japanese yen = 19.0%
4. Pound Sterling = 12.9%
5. Australian dollar = 7.6%
6. Swiss franc = 6.4%
7. Canadian dollar = 5.3%
8. Hong Kong dollar = 2.4%
9. Swedish Krona =2.2%
10. New Zealand = 1.6%

How are Forex Rates Determined?

• Economic factors – These include: economic policy made by government agencies and central banks, and economic conditions as described by and through economic reports as well as various economic indicators.

• Political conditions – International, national, and regional political conditions and events can have a large impact on the Forex currency markets.

• Market Psychology – The psychology of market participants can influence the foreign exchange market in numerous ways. Ultimately all economic variables are expressed through the filter of the human brain / trader psychology

• Trading Algorithms – Electronic trading based on algorithms (or computer / robot trading) is become more and more popular, as a result algorithmic trading is starting to have a large effect on Forex currency rates.

What is Forex Trading?

Forex trading as it relates to individual retail investors and traders is the speculation of the future rate of a particular currency pair. For example, traders who think that the rate of the EURUSD will go up might may decide to buy, or go long, the EURUSD in the Forex market. If a trader thinks the currency rate or price will go down they will sell, or go short, the particular currency pair they are interested in. All Forex trading done by retail traders and investors must be facilitated by a Forex broker, there are many broker’s available on the internet, here is a list of the brokers we recommend here at LTTTM: Forex brokers.

Typically, Forex trading strategies can take a number of different forms, and it is really up to the individual trader to pick the method that works the best for them. However, these are a few of the more popular Forex trading methods:

• Indicator based trading methods – these trading methods involve analyzing “lagging” indicators to try and predict future price movement of a Forex currency pair.

• Robot trading systems – Forex trading “robots” have recently become quite popular on the internet, these robot trading systems are essentially computer programs that tell you exactly where to enter and exit and drastically reduce the need for human interaction.

• Scalping – This is a short-term trading strategy where traders jump in and out of the market quickly for small profits.

• Price action based directional trading – The trading method of price action is a Forex trading strategy that involves analyzing a “clean” or indicator-free price to chart make one’s trading decisions. The primary advantage of price action trading is that it makes use of the ‘core’ price data of the market; price, therefore it removes the clutter and confusion that other trading methods can bring, leaving your mind clear and calm.

Are You New To Forex Trading? – Check Out Our FREE Beginners Forex Trading Course Here

INTRODUCTION TO FOREX TRADING – CHAPTERS & SYLLABUS

Part 1: Introduction To Forex Trading

Part 2: Forex Trading Terminology

Part 3: Long or Short ? Order Types And Calculating Profits & Losses

Part 4: What is Professional Forex Trading?

Part 5: What is Fundamental Analysis?

Part 6: What is Price Action Trading Analysis?

Part 7: Introduction to Forex Charting

Part 8: What Is A Forex Trading Strategy?

Part 9: Common Forex trading mistakes and traps

Part 10: What is Technical Analysis

Part 11: How to Make a Forex Trading Plan

Part 12: The Psychology of Forex Trading

Part 13: Professional Price Action Forex Trading Strategies

Other Tutorials & Guides:

How To Correctly Set Up Meta Trader Forex Charting Platform

Please Share This With Other Traders, Click The Like & Share Buttons Below.

What is FOREX

Abbr. "FOREX" stands for Foreign Exchange, an exchange of currencies. When a person comes to trade currencies, e.g. buy one currency and sell another one - it is calledcurrency exchange trading, or simply known as Forex.

Because the value of each currency always on the move, it fluctuates depending on the local and global economic factors, there is always an opportunity to profit on those changes/fluctuations - it is called currency speculation.

Euro, US dollar, Swiss Frank, British Pound and Japanese Yen - these are the most traded currencies in Forex. Of course, trading is not limited to those currencies, Forex offers variety of currencies one can trade.

If to describe in simple words how individuals trade Forex it would look next way:

Forex trading in its prevailing volume is done online.
A person finds a Forex broker, opens a trading account with the broker and deposits money.
Forex broker provides to trader so called Forex trading platform - an application, a working environment, where trader buys and sells currencies, dealing online - in other words he speculates to make money on the difference of currency rates.

In Forex currencies are traded in pairs.
EUR/USD, GBP/USD, AUD/JPY, USD/CHF and so on.

The first currency in the exchange pair is referred to as the base currency and the second as the quote currency.
For example, EUR/USD exchange rate = 1.400
Here the price of the Euro is expressed in US dollars: 1 euro = 1.400 dollars
The exchange rate tells to trader how much of the quote currency should be paid to obtain one unit of the base currency.

A Quick Overview of FOREX

FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.

FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.

FOREX is a huge market with trillions dollars turnover a day and the largest investors - banks, hedge funds, investment companies and so on.

FOREX is open to individual retail investors - Forex traders - through the services of Forex brokerage companies that provide an access to the currency exchange market and take care of buying and selling orders of their clients.

FOREX is a 24 hour market that is traded every day all year round, except for holidays.

FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD and GBPJPY.

FOREX trading is based on technical (price charts) and fundamental (news, economic events) analysis.

FOREX is an online stay-at-home type of business for individual investors.

FOREX is an attractive financial instrument, which can be mastered by any person with any kind of education and/or social status.

FOREX is a type of market which nowadays can also be traded by automated online expert advisors without any human intervention.

FOREX is an alternative type of investment, which unlike any other investment carries one of the largest financial risks.

FOREX is a trading arena, where in order to succeed a trader needs to learn the rules of the market, its trends, moves and behavior, and be able to apply the knowledge under real trading conditions.

FOREX is difficult to trade without a trading method - a trading strategy or system.

FOREX is a fast growing industry, and by directly dealing with money it also became
a lucrative business to various scam dealers. Novice traders should be alert about any offers in Forex which sound too good to be true.

Finally, FOREX should never be associated with quick and easy money.