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Sunday, June 21, 2009

Can You Make Money with Automated Forex?

By Chuck Kessler

It is not complicated at all to make money with automated forex. The one drawback is that it is pretty easy to lose money with it also if you are trading by yourself in the market and you don't know what you are doing. I can tell you, however, that there is software out there that will put your trading on autopilot, and the software knows more than you do. You can make real money. You don't need a large upfront investment to start either.

The first thing you have to do is get the software. There are all kinds of automated forex softwares out there. Some are even free. The way you work them is first set them up and then let them run in the background on your computer. Remember you have to leave your computer on for them to do the trading.

If your computer is shut off you are going to lose money. The reason is that you might shut your omputer off in the middle of the software trading. In the software you will also want to set the level of risk you are willing to take. If you use a conservative approach you take less risk of losing your money, but you won't make as much because you won't make money on those big gap, high risk trades. Just like any other investment the lower the risk the lower the return, think of a savings account versus a mutual fund.

A more aggressive approach can make more money in the short term, but you can lose all of your money too. Again more risk is more return. The problem is if you are making high risk trades that same risk is on the negative too, and you could lose the money. The nice thing is the software can always be set to your level of comfort.

Automated forex software uses historical data, signals, and trends to make decisions on what currency to trade. The currencies are changing every day because of the economy, and when the market is like that there is money to be made if you know what you are doing. Lucky for you you can employ a robot who is unemotional to make the decisions for you.

I suggest you go out today and get your currency robot software. You just need to go through a few simple setup steps and you will be on your way. Make sure to leave that computer on while you sleep. There is no better feeling in the world than making money when you sleep. - 23208

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Increase Sales! Why You Should Accept Credit Cards

By Amy D. Perry

There are many hurdles small business owners must clear when running a small company. Besides dealing with major competitors, being bought out, going bankrupt, and making a profit they somehow must also deal with banks. Many small business owners avoid involving any banks in their transactions. But they are missing out on the various advantages of credit card processing and having a merchant account set up for their small business.

There are many steps a small business owner must complete before they are granted a merchant account. First you must get in contact with your local bank and ask to speak to a representative. They will inform you on whether or not that particular bank offers merchant accounts to small businesses. If you are not accepted by the bank you can easily get a merchant account from a third party provider. These organizations offer similar services at fair prices.

After speaking with a bank representative and if they inform you that you are being considered for an account you must then present your work space. The bank will need to verify that you are conducting business, so they will send a bank staff member to observe your office space.

You may have to submit paperwork to a company considering giving you a merchant account as well. This is to verify that are you are real business making a profit or losing money. The bank will want a copy of your tax return from the previous year as well as complete access to your bank account to deposit or withdraw funds from your account.

Normally banks charge 2-3% tax on your transactions. Keep your options open and shop around until you find a company who you feel charges an adequate amount. 2-3% is the standard fee but be very wary of any company that says they will charge anything higher than 5%.

With a merchant account you are able to charge a customer or consumer who wishes to pay for a service or item with a debit card. With the ease of such services as online banking, direct depositing paychecks, and ATM machines people are less likely to carry around cash. They are more inclined to charge things or pay for them with their bank card.

Not being able to accept debit cards can severely harm a business. With so many businesses accepting bank cards and the decline of carrying cash people are incline to walk out of a business after finding out they dont accept debit cards. As a business you are reliant on customers you want to welcome them and ensure their continued service, not drive them away.

There is no reason to not start a merchant account with your local bank. Your company will thrive with all the customers you are acquiring with the new technology. Guaranteeing youll stay in business for a long time. - 23208

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How to Trade Forex? It's a Snap!

By Steve Maenshel

How to trade Forex? Trading Forex is a piece of cake. It is really not as hard as it seems to be. Forex trades involve entering the trade at the right time, as well as exiting also at the right time. All you have to do is select a currency pair, select the desired amount of the base currency that you wish to trade and choose whether you would like to sell or to buy. Next you will have to wait for a profitable time to exit your transaction, and there you are. In order to learn how to trade Forex and to start consistently choosing the winning transactions, you will have to practice on a demo account for several months.

Demo Account Trading

The easiest way to learn how to trade Forex is using a demo account. Any mistake that you make while trading on a demo account will not incur any losses. For example, if you buy or sell the currency at the wrong time, if you click the "wrong button" while trading, and so forth. Give your demo trading enough time. Jumping into live trades before you do your homework will merely put you among the 90% of the day traders, who fail in Forex.

Currency Pairs

Currency pairs represent two currencies paired together against one another. Which currency pair to choose from the multitude of currency pairs? Its probably a good idea to start with the most traded currency, which is nowadays USD/EUR. Try to first understand the traits, which are unique, particularly for this currency pair. How does this currency fluctuate? What may be the reasons of the fluctuations? Which currency in this pair seems to be going up and which seems to be going down, and why? Every currency pair has different reasons for fluctuations. It is better to learn one currency pair before advancing to the next one. Study the currencies and currency pairs, and you will be well on the way to learning how to trade Forex.

Currency Quotes

Forex trades are always based on currency quotes. Currency quotes are two-sided, consisting of the bid price from one side and the ask price from the other side. Bid represents the selling price of the base currency, when concurrently buying the counter one. Ask represents the purchasing price of the base currency, when concurrently selling the counter one. Good grasp of currency quotes is essential for learning how to trade Forex.

Each currency quote consists of two currencies. The first currency in the pair is called the base currency and the second one is called the counter currency. The value of the first currency always equals one, while the value of the second currency is calculated against the first currency. Forex prices are expressed in pips, being the fourth decimal of the price. Understanding quotes is vital in order to learn how to trade Forex.

Understanding Leverage and Margins

Leverage allows you to trade with not much of your own money. It's very pleasant to realize that you can trade with a lot more money than what you really have. Imagine the possible profits? It's breath-taking, isn't it? Well, now turn your imagination on and try to imagine the possible losses. It's spine-chilling, isn't it? Many dealers advertise margins with up to 100:1 leverage. What does it mean? It means that if you are trading with many lots and the market goes against you in most of the lots, your losses will be horrific. Do not just learn how to trade Forex, do so without incurring losses.

Unfortunately brokers, just like banks do not really care whether you win or lose in your Forex trades. You will still have to pay them back. If you lose the money that they gave you. It is better not to trade on margin at all, and to only trade with your own money.

It's very easy to learn how to trade Forex. However, how to trade Forex with a profit? Allow enough time to train on a demo account before proceeding to real-life trading. - 23208

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Following Oil in Currency Trading

By Ahmad Hassam

If you want to become a good currency trader, then you need to understand that the forex markets evolve and change with time. You will need to make a little tweak here and a little tweak there sometimes in your trading strategies in order to continue making profit. As the currency markets evolve and change, your trading strategies should also evolve and adjust to these changes in the markets.

There will be periods of low returns and even losses when the markets suddenly change and new trends are formed. Your trading strategies will need adjustment with the markets with these changes. When you have made the adjustments to your trading strategies, you will start making profits again as before. You should never make the mistake of getting stuck with only one currency pair and only one trading strategy. Always look at macroeconomic events. Try to understand how different currency pairs react to these events.

Now, lets discuss a trading strategy that depends on following oil prices in the markets. There are many sources of oil. Some currency pairs react more strongly than other when oil prices change. Fortunately for you, oil prices trend for extended periods. When oil prices rise, they continue to rise for several months.

Almost in the same fashion, when oil prices start declining, they tend to continue declining for several months. In 2008, we saw oil prices on the rise for several months before a sudden collapse. Oil prices than stabilized around $55 for many months. Some of the currencies that react strongly to oil price changes are British Pound (GBP) and the Canadian Dollar (CAD). Lets focus on USD/CAD currency pair in our example.

United States is the major importer of Canadian oil. The value of CAD increases with increase in oil prices in relationship to US Dollar (USD). Increase in oil prices means that the pair USD/CAD should start trending downward. This is a good example of a trend trading strategy.

Do you watch CNBC daily? You should watch for times when the oil prices are rising and the exchange rate USD/CAD is decreasing. Similarly, on CNBC look for times when oil prices decline and the exchange rate USD/CAD increases.

Use CCI, Commodity Channel Index, to trigger your trade. Watch for the 14 period CCI (Commodity Channel Index) to cross above 100 and then cross back below 100. This will tell you that the buyers have made a temporary upward push on the currency pair USD/CAD but were unable to turn the trend around. The trend is still downward.

Enter the trade and set a limit order of 300 pips and a stop loss order of 75 pips by going short on USD and long on CAD. This setup will give you a risk to reward ratio of 1:4. This risk to reward is very good and it allows you to be wrong a few times without ruining your chances of being profitable. 300 pips mean $3000 and usually such a trade will continue for 4-5 weeks.

Prolonged downtrends in the oil prices are usually unlikely. You can also trade the USD/CAD currency pair in the opposite direction if the oil prices start to decline if it does happen. You can take advantage of the oil price movement. This trading strategy depends on just knowing which way the oil prices are moving right now. Oil prices have again started to climb. Prices have reached around $68. Take advantage of the rising oil prices by trading USD/CAD currency pair as described above. - 23208

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Jim Cramer Mad Money - Overview

By Anne Durrell

Jim Cramer is out of his mind. When you see his shows, he likes to screams and jump about like a mad man.

However, last year he picked up investments last year and earned him 12% instead of 6% average for the market, so perhaps he is not that mad after all.

Hundreds of thousands of investors watch Jim Cramer mad money on CNBC each week.

When the investors were panicking due to the market spinning straigth down the toilte and the world was spinning out of control, then Jim Cramer was one of the few choices you can listen above the chaos, many people listened to this guy.

Jim Cramer wants to buy and ride it up when a stock started going up. Jim Cramer mad money shows plan for the market to keep doing what it is doing, so that he picks end to be aggressive.

On the other hand, Cramer will dump the stock when it starts to fall, he will do that before it falls any further. That is absolutely not a bad idea when the market is slower and more predictable.

But when things are going badly, they go badly quickly and stocks can reverse direction in a hurry.

One big problem Cramer has is when he interviews executives; he will normally recommend that you buy their stock.

The best advice on what stocks to pick can actually be gained from the show Jim Cramer made money, but not as Cramer intended.

It is obvious that after he asked people to buy it, many people will buy these stocks, so there will be a short term jump in stock price.

If you are quick on the draw, meaning you already bought those stocks just before he recommends it to people, you can do just the opposite, ready to sell when he says "buy", that way you can expect to do very well. - 23208

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