Why do you want to trade?

You may be comfortable accepting the fact that you don’t know everything there is to know about trading yet, but you definitely should have a good idea about several things when you get into trading. The first is why you want to trade in the first place. People have a number of motives for trading, all of which have merit, but you should be clear what it is that is driving you into trading. Your reasons for trading may go a long way in determining your trading style.

Profits
Probably every trader’s goal is to make money. But if that is your main reason for trading, are you willing to do what it takes to achieve this goal? It will mean you have to provide the seed money and other resources you need to be successful, and it will involve a commitment to learning to gain trading experience.

If trading is going to be your business, you obviously have to put making money high on your list of goals. That requires consistent, strong discipline and the ability to control your emotions as none of the experience or success you have gained in other areas will guarantee that you will be a success in trading. Your trading approach may even be boring, but if your real goal is making money, you will have to have the discipline to stick with a trading plan.

Being ‘right’
Are you a person whose greatest satisfaction comes from being right about things? Traders generally love to compete and be better than everyone else in whatever they do. Just having the opportunity to crow a little about their prowess is their biggest reward.

However, trading may be one of the worst places to look to feed an ego. Whatever success you have had in other aspects of your life may not transfer very well to the trading arena, which has been known to humble even the strongest ego. Of course, traders have to have a strong sense of ego to have enough confidence to trade, but you’ll have to keep that ego in check whenever you enter a market position if you want to survive as a trader.

Excitement
Trading certainly can provide plenty of excitement, both highs and lows, and that may be reason enough for trading. But expect to pay an entertainment tax. Just being in a market position can be exhilarating and can inspire you to keep up with what’s happening in the market and in the world’s news events.

However, to be successful over a longer term – unless you have deep pockets – you usually will have to forego the excitement and emotion generated by trading, just as you have to keep a lid on your ego trip. You naturally will experience some excitement whenever you are trading, but it is a factor you must control. If excitement is an objective of trading for you, perhaps the solution is to have one account you trade conservatively and another account where you get a little wilder.

A Foreign Exchange (FOREX) Trading Primer

Yes, Now we are going to another realm of making dollars, i mean REAL dollars online with....FOREX! Yes! thats what am talking about, but dont get confused, this is different from e-currency excahnge we have been talking about....anyway let me not talk too much...read on...

The largest traded "market" in the world is not the U.S., Japanese or European stock markets. It's the foreign exchange market. It's called Forex for short, or also called the cash currency market. Speculators can and do trade this huge market, in which nearly 2 trillion dollars (and other currencies) can change hands every day.

The main function of the foreign exchange market is to provide the mechanism for making cross-border payments and determining exchange rates between currencies. Major components that make up the Forex market are the spot market (37%) used by traders and speculators, swaps (43%), and options and forwards (20%).

A Forex trade is executed through the simultaneous buying of one currency and selling another (currency pair). While most currencies are tradable, five currencies (four currency pairs) represent the majority of foreign exchange trading volume. They are the Euro ( EUR/USD), Yen (USD/JPY), British pound or cable (GBP/USD), and Swiss franc (USD/CHF).

Figure 1 – Chart showing breakdown of currency pairs traded on Forex markets. Source: Triennial Central Bank Survey 2004.

A major difference between Forex and other financial markets is that the former is open 24 hours a day. The trading day begins in Sydney, Australia on Monday while it is still Sunday in North America and Europe, and ends in New York on Friday afternoon.

There are no commissions in Forex trading--only point spreads measured in pips, with one pip being equal to one-tenth of one percent (0.01%). Since the point spread in pips represents the cost of entry, it is desirable to keep it to a minimum and why major currency pairs are most popular. The majors experience the tightest spreads, often as low as three to four pips.

Spot currency trading lots typically are worth $5 million to $10 million, with the minimum contract size being $500,000. Amounts smaller may be traded with some firms offering minimum investments of as little as a few hundred dollars on margin far exceeding 100:1. However, this is extremely risky and therefore not recommended. Currency futures and options contracts may also be traded for much smaller amounts, but firms handling the trades generally charge commissions.

FOREX Trading Becoming Ever More Popular
Of all financial instruments traded, Forex is believed by many traders to be the best suited for technical analysis, for a number of reasons. First, it dwarfs all other markets by trading volume. According to an April 2004 Triennial survey for the Bank for International Settlements, average daily turnover in traditional foreign exchange markets (Forex) amounted to $1.9 trillion in the cash exchange market and another $1.2 trillion per day in the over-the-counter (OTC) foreign exchange and interest rate derivatives market.

Forex trading has grown some 2000% over the last three decades, rising from barely $1 billion per day in 1974 to an estimated $2 trillion by 2005. Markets never close so there is no build-up or backlog of client overnight orders or pent-up reaction to news stories hitting the market at the open. This means that there are no gaps to create instant losses (or gains) for those holding overnight.

The Trend is Indeed Your Friend
There are two basic types of markets: trending and trading-range markets. It is far easier to make money in the trending markets. Currencies tend to experience longer-lasting trends than other markets, and can last for months or even years. This makes them ideal vehicles for trend-trading and breakout systems. This explains why chart pattern analysis works so well in Forex trading. With such widespread groups playing the game around the world, crowd behaviour plays a large part in currency moves, and it is this crowd behaviour that is the foundation for the myriad of technical analysis tools and techniques.

Lower Volatility in FOREX Trading
Due in part to its size, Forex is less volatile than other markets. Lower volatility equals lower risk. For example, the S&P 500 Index trading range is between 4% and 5% daily, while the daily volatility range in the Euro is around 1%.

The Intermarket Advantage
One example is the "Intermarket" method of market analysis developed many years ago by respected industry professional Louis B. Mendelsohn. Trading veterans know that markets are interdependent, with some markets more heavily influenced by certain markets than others. Mendelsohn's VantagePoint analytical software detects hidden, yet repeating patterns that occur between related markets.

Figure 2 – Shows other markets that drive and influence the Euro/USD.

The challenge from a trader’s perspective is how to take these often-complex relationships and integrate them into a workable trading strategy. For the purposes of this article, VantagePoint Intermarket Analysis Software charts developed by Market Technologies (www.tradertech.com) were employed. It uses a combination of neural network indicators to incorporate intermarket forces analysis into the software. Indicators provide forecasts of a potential change in market direction in advance, thanks to an ability to analyze a complex array of intermarket forces acting on the issue under study.

Figure 3 – Shows VantagePoint Intermarket Analysis software forecasting trends in the AUD/JPY market with nearly 80% accuracy. Source: VantagePoint Intermarket Analysis Software – www.VP4x.com

Don't Forget Market Fundamentals
Like their commodity and stock counterparts, successful Forex traders also can’t forget about the fundamentals of the market. Here are some reports worth discussing.

1) Interest rate announcements by central banks. Language in meeting minutes published following announcements or rate change decisions. E.g. Federal Open Market Committee (FOMC) Minutes.

2) Government debt and deficit figures that show changes for the better, or worse. Increasing deficits, for example, often portend an increase in interest rates as the government competes with the private sector for investment capital. The difference between stocks and Forex is that increasing rates are usually good news for a currency.

3) Quarterly GDP reports. Preliminary national GDP announcements also have the potential to affect market sentiment.

4) Economic or geopolitical events such as elections, conflicts and political uprising etc. Anything that investors or traders think may destabilize or impact the market.

5) Reports such as the Institute of Supply Management in the US and Purchasing Management Index in Europe tend to be closely watched by traders.

6) Industrial production figures, jobs (non-farm payrolls in the U.S.) and employment figures can impact markets including currencies since they could have a direct bearing on national interest rate and economic policy.

7) Yen traders closely follow Japanese reports such as the Tankan quarterly survey for insights into currency movement.

8) Market sentiment published by market commentators and news services. It is often a good idea to buy on rumour, sell on news.

Forex is the ideal market for the experienced trader who has paid his or her "trading tuition" in other markets. Forex is by far the largest market in dollar volume, is less volatile, experiences longer, more accentuated price trends and does not have trading commissions.

However, there are no free lunches. Traders must use all the trading tools at their disposal. The better these fundamental and technical tools, the greater their chance for trading success. While intermarket and other relationships are often complex and difficult to apply effectively, with a little high-tech help, traders and investors can enjoy the benefits of using them without having to scrap their existing trading methods.

New E-CURRENCY XPLOSION MANUAL!

Hey Friend, what more can i say? or how many testimonies do i have to post here for you to believe that E-currency trading is for real?

Now its high time you took action! And i have just what you need...an all n' all about Trading E-currency...its my E-CURRENCY XPLOSION MANUAL!...

This manual teaches you how to trade E-currency and begin pulling out your profits on a daily basis! You wont even believe your eyes that you will be able to do this..but this manual will show EXACTLY what to do....

Now you wonder how do i get it? Well i just want you to get your own portion of the profits from the e-currency system thats why i decided to churn out this manual...

Now here's how to be a part of the flow...

*If you are a member of www.igoldforum.com ( You will have to send me your forum username) i would let you have this mind blowing manual for a token of ....N4000 ONLY....too much? well keep asking until express leaves you!

Payment method 1:

Pay into any branch of
GUARANTY TRUST BANK (GTB PLC)
Account Number : 412-407371-1590
Account Name: OSAWEMWENZE EMMANUEL

or
Pay into any branch of
FIRST INLAND BANK PLC
Account Number: 08054229945
Account Name: OSAWEMWENZE EMMANUEL

After you've paid, please send me your teller Number, Date and amount Paid and name of depositor to iwantdollarsonline@yahoo.com


Payment method 2:
Pay the sum of $27 to this e-gold link here http://tinyurl.com/ypuedn stating in your payment memo "E-currency Xplosion Manual" (if you use egold to pay, please send me your email address so i can mail you the ebook within 24hrs so you can start reading it immediately)

OR
if you want Hard Copy, you simply pay the sum of N5500 ONLY (state your address and name and send to the mail above) and then it will be shipped to your state of residence in Nigeria.

NOW, for none members of www.igoldforum.com (sorry for that...why dont you become a member and enjoy this price slash?) you will have to pay the sum of N5000 (for the ebook) to the above stated account or the sum of $29 to this egold link http://tinyurl.com/ypuedn

So, once the bank confirms your payment, i shall send the ebook or the hard copy to the stated address, if there is going to be any delay, i shall let you know.

Now some marketers will give you alot of freebies to "attract" and "lure" you to buy there product, not me! I dont give out freebies because i want to lure some one per say to buy my product, i do waht the name says...FREEBIES are FREEBIES...no more no less..so trust me, i would add invaluable freebies to this you would rush back to this blog to post your thank you's every day!

Let me not talk too much, a word is enough for the wise..for doubters, please stay away! This is real business, not for freaky hearts but for strong and enterprising minds....

just see what people i have not even met are saying about this....

"a brand new subject for me and probably many others too: Trading E-Currency for Dollars. But now I know where to come for ALL the info because this blogger knows and tells EVERYTHING about it. Very thorough and useful site...Obviously the product of a good, clear thinker and writer.. " http://freewebmall.bettr.com

"Wow! There's lots of info there. You are one smart cookie...the info is needed. Thanks. Nice Job!. " http://ourbooksandstuff.blogspot.com

So, are you still here? go at once and pay for your E-CURRENCY XPLOSION MANUAL now...this is a limited offer...trust me, i WILL increase this price VERY SOON!

Let's Meet at the Top!

E-currency Trading Business "Being a Trader, Having more Money and Freedom"

You just heard about Electronic Currency Trading. You hear about people making money with it. You wonder if you can make money with it. Is it too complex? Is it a scam? Could you double your income with it? Read on to find the answers.
Can you really make money with the E-currency Trading Business ? How can I get started? Will I be able to get my money out? These are some of the questions you would want the answers to. Granted it is a complex system to learn. At first you need to have a proper strategy to make "big money" fast.
The good news is you CAN make good money with this system. Here are some facts about the E-currency Exchange Business :
-Once you have started, managing your the E-currency Exchange Business portfolio takes 30 minutes a day, most days even less.
-You can start with as low as 50 bucks, but to be honest you could be sorry you didn't put more. Your money will grow really fast.
-When you get started with the E-currency Exchange Program, you make money from day 1.
-It shouldn't take you more than 6 months to take your portfolio from 3 figures to 5 figures. Tip: Always re-invest your profits until you hit 5 figures.
Do you feel you should be earning more? Are you fulfilling what you were meant to be in this life? Do you think you could get there easier if you had more money and more time? These were some of the questions we asked for ourselves before we got into Electronic Currency Trading. You may find yourself asking these same questions, and you have to look inside to see if this system is right for you.
I highly recommend this opportunity because, not only has it worked for me, but it also has worked for many people I know. It makes you money and it isn't a hassle at all. It's always a pleasure to see that you have more money that the day before.
Let's say you know what the E-currency Trading Business is and what it can do for you. You are ready to start. How do you do that? What is the path you need to follow to make start making money fast? From our own experience, we recommend one way: Taking a program that Trains you how to make money with e-currency. There are courses like Gary Jezorski's CurrencyExchangeProfits, Matt Gagnon's Mazu and Warren Barnes's Learn-ecurrency-exchange, which can really put you up to date in what you need to do to make good money with this system.
If you are seriously interested in earning more money, I can say you can have that for yourself today, think about the things you really want, and if you think you deserve a second income, my advice is to get started right now. Based on my experience I can tell you it could be one of the most rewarding experiences.

Discover what are the best ways to learn about electronic currency exchange, visit my site (http://www.electronic-currency-exchange.com) for the inside scoop on you can learn more about How to learn E-currency Exchange
Article Source: http://EzineArticles.com/?expert=Charles_Cruz

E-Currency Exchange: 4 Great Income Streams and Counting

This article provides a brief overview of the 4 sources of income we can take advantage of as a participant in the e-currency exchange trading system.
Specifically, I am refering to the e-currency exchange program through DXinOne. DXinOne is by far the leader in facilitating e-currency conversions. The fees charged to account for these transactions is how DXinOne makes money. They are in essence a clearing house.
So how do I make money in this? The first and most important income source is the Portfolio. The first thing you will want to do is open an account and start building a portfolio. It does not cost anything to open an account. Fund the account with as little as $25 and start building your portfolio. As you progress you will be able to use leverage to increase the overall value of the portfolio. It is not uncommon to see portfolio growth of 20 to 40% per month. This is accomplished by combining the daily profits and the leverage to add to your portfolio. The average daily profits on your portfolio will range from about .15% to .35% depending on the supply and demand in the system.
The second source of income in the e-currency exchange program is to become qualified as a Merchant. Don't get excited, you aren't selling anything. Merchant is just a term given to signify those that have qualified to participate in the actual e-currency exchange process. Thousands of times each day there exists the need to convert from one e-currency to another or e-currency to hard cash etc. This is where the Merchants come in. The Merchants receive a fee of 4 to 14% for making funds available to make these conversion transactions possible. To qualify as a Merchant you must have a portfolio value of at least $5,000 and you have had a DXinOne account for at least 90 days.
The third source of income is the P4 Program (Pre-Paid Profits Program). This program provides non merchants the ability to earn a per transaction fee for exchanging with active merchants. Merchants need liquidity to perform their functions and are willing to pay a fee for this liquidity. The fee paid to the non merchant ranges from 5 to 7% of the transaction. Caution: I have seen a lot of advertising boasting the P4 Program as "Huge instant profits" and "You get paid first" etc. Unfortunately, you do not have the whole picture. The rest of the picture is 2 part. The first is, when you have completed a transaction you will have to exchange those funds in order to do anything with them. This exchange will cost you upwards of 3%, so the real returns are cut in half or so. The second part of the picture is the reality of the time required to perform the e-currency exchange process. As of the writing of this article the process is extraordinarily long. Expect the process to take 2 weeks or longer depending on how the system is flowing and how much you are trying to exchange. So maybe the truth is 2 to 4% return every 3 weeks. Still not too bad for passive income.
The fourth source of income is for webmasters. This is called the AdsExposed Program where advertising is placed on your website. You will receive pay per click revenue from those ads.
So now you have the 4 sources of income currently being offered by DXinOne. The great thing is DXinOne is a progressive organization. They have many other programs and services in the works that will be launched as time goes by.

Merv Thompson Author and operator of http://www.futures- brokers-review.com a website providing tools, resources and reviews for todays trader.

Get detailed information on e-currency trading at e-Currency Exchange
Article Source: http://EzineArticles.com/?expert=Merv_Thompson

More About Dxinone E-currency Trading

E-currency trading is growing into a worldwide business. If you are looking for a growing business that will never let down E-currency is a great one. Dxinone is a very confusing system for a person that has never seen or used it before. If you have no idea how to sign up or start to fund your account you will miss out on a very good way of making money-using e-currency.
The web page they use offers no guide to helping you start using the Dxinone system. There are however VERY helpful guides that you can buy for a small price that teach you everything you need to know about Dxinone, and how to get start in e-currency.
Once you join Dxinone and make an account you can then fund your account with money using NetPay, E-gold, E-bullion, and a few others. Once you have funds in your account you can then start to make money in the e-currency system. You will buy digots with the funds in your account. These digots act like a share of stock would. A window will open in Dxinone, and you will see a list of places you can buy digots from. These digots will be how you are going to profit from the e-currency system.
Once you have used all the money in your dxinone account you now will see how the system works. Each night you can log into dxinone, and check up on your digots to see how much you made in profit. Everyone has a different way for buying his or her digots. Again buying and selling digots is just like buying and selling stock. You will see under your TDV Total digot value how much profit you have. You can also tell how much money you used, and how much you can take out of dxinone. Each night you will gain any where from .35% to .5% in returns as profits. The nice thing about dxinone is that your money is compounded daily unlike other investments that might only compound weekly or even monthly. Each night you are making money with e-currency.
As you can see it can be very hard for someone to learn how to use or even start with Dxinone. This is a system that everyone should get to know, as it is a very profitable way of making money online with e-currency exchange.

Visit Mazu e-currency online for more information about dxinone and e-currency trading.
I used the mazu guide to help me get started in Dxinone. It also helped me take my $400 investment into Dxinone and turn it into $5,100 in 4 months. Visht Mazu E-currency Online to see how the mazu guide can help you.

Article Source: http://EzineArticles.com/?expert=Chris_Rohrer

Sneaky Little Truth That Puts An Easy $2000 Adsense Money In Your Pocket.

Google’s Adsense program is quietly making people rich and I am sure you know that. However, most people who are into the adsense program and *trying* hard to make good monthly pay outs are in the dark on certain killer strategies that produce good cash from adsense. It is quite easy to rake in as much as $2000 from adsense if you follow this easy procedure. It is simply about know what works and how to monetize what works even further. I was playing around in my adsense account when something caught my attention.

It read.. “When a publisher who signed up for Google AdSense through your referral earns $5.00 within 180 days of sign-up, you will be credited with $5.00. When that same publisher earns $100.00 within 180 days of sign-up and is eligible for payout, you will be credited with an additional $250.00. If, in any 180 day period, you refer 25 publishers who each earn more than $100.00 and are all eligible for payout, you will be awarded a $2,000.00 bonus. * (* A Google AdSense referral is counted only for publishers never previously enrolled in Google AdSense. You may only receive 1 bonus payout per year. )

WOW.. I was shocked. So, if several people join the adsense program through me, I stand a chance of earning an easy $100 when they become eligible for payout and even better, I get $2000 when 25 people become eligible for payout in a 180day period. That got me thinking.. Why on earth have I been mucking around, inserting the images for download of the browser when I could have concentrated myefforts on promoting the join adsense links? Of course I know fully well that a lot of those who join the adsense program will try to get their payouts as quick as possible and as soon as they do – I also get paid. Immediately I realized this, I began “mucking” around with all adsense on all of my sites. I changed a lot of the banner images to reflect “join adsense” instead of all the other low paying… you know. If you still haven’t caught on to this,well you are hearing it now. Its time to begin to do some tweaking at your end of things and start getting people to joinyour adsense.
© 2007, Oluwafisayo Akinlolu.
============================================
Want more tricks, tools, twists and turns that guarantee increased revenue? Rush over to http://profitbomb.com