eToro Review - The Best Forex Broker?

By Kris Deaney

The Forex marketplace is very exciting with over $3 trillion traded all over the world daily. However, if you are going to trade you need a good solid trading strategy that you execute with discipline, and a good broker.

Today were are looking at eToro. They are an online forex broker, who began because they wanted to let ordinary people trade like the pros.

If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It's very easy and also a lot of fun. There are plenty of videos to take you through every step.

Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.

The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.

They also have a very reliable platform, which is essential. Many brokers in the industry also experience 'slippage' or re-quoting, which means that a trader cannot buy or sell at the price they wan't and have to be re-quoted at a less advantageous price.

The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.

Traders can also make use of the full tutorials and training materials to greater develop their technical and fundamental knowledge. There are also free practice accounts. These are invaluable for learning.

Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23208

About the Author:

For a more comprehensive eToro Reviews or to sign up for a free account just Go Through This Link.

Make Investment Decisions based on Sound Answers

By Harriett Meece

I've been investing for years now, and I have to share something. I can't stand most investment research - whether it's a financial newsletter, stock newsletter, or investing newsletter.

I've had relationships with so many brokerages over my lifetime that I receive a ton of junk investment newsletters every week. The newsletters are horrible. One brokerage insists on providing me with information about one industry only, despite the fact that they cover multiple industries. Another corporation's research is always driven just by the market; they consistently fail to identify any other factors that may influence stocks and bonds.

I was complaining about the investment research newsletters to a friend of mine, and he directed me to MyStrategicForecast.com. I ended up thoroughly reading their web pages for several hours (I re-read everything several times). I was incredibly impressed with their research; I went on and registered for a few sample strategic investing reports.

After I read their first investing newsletter, I felt like I was in shock. Through a sound methodology for predicting financial markets, My Strategic Forecast doesn't simply engage in predictions. By using several many factors, including historical trends, political conditions, geopolitical considerations, and Solar-Geophysical data, they derive information that is well-considered and concise. I was impressed by the amount of data they managed to review prior to issuing their report, but yet, the report's information was timely and current.

By paying close attention to what they call "five pillars of global market influences", My Strategic Forecast has developed a market timing service unlike any other I've seen. My Strategic Forecast doesn't follow other brokerage firms' pattern of tracking global indexes in order to determine a recognizable pattern. Instead, they incorporate the five other market influences into the historical charts, and determine what was occurring when the market shifted one way or another. My Strategic Forecast have a carefully developed methodology in order to understand current market events; they do not engage in "shoot from the hip" predictions.

The organization's emails are incredibly impressive. Their e-newsletters are all clear, focused, and substantial alerts. I was thrilled that I don't receive the same ad copy - rewritten every time - in my inbox every time I open it.

Due to his recommendation, I constantly thank my friend for providing me information regarding My Strategic Forecast. I am very pleased with the amount of work they have put in compared to the low cost I am spending each month. Today, it seems almost impossible to receive better service than what you pay for. - 23208

About the Author:

I was incredibly inspired by My Strategic Forecast's research job; I quickly asked other brokerages to erase me from their contact list.You can know more information about My Strategic Forecast by signing up for their financial newsletter.

Stop Loss Orders

By Ahmad Hassam

Risk management is an important part of any trading decision. One important way to control your trading risk is by setting stop loss exits. A stop loss exit is a practical tool used in risk management. However, there is an art of developing the right stop loss exit strategy.

On the one hand, you dont want to set too tight stops that you constantly get bumped out of the market. On the other hand, you dont want to get too liberal with your stops that you never lock in a profit.

Your exits must be carefully coordinated with your entries. The topic of setting stop loss exits generally falls under the heading of trading systems. This is a trading skill that you can only learn with experience.

How many stop loss types you can use in trading? There are a variety of stops that you can incorporate into your trading system. The following sevens are the most valuable:

1. Initial Stop: This stop is identified before you enter the market. This is the first stop set at the very beginning of the trade. The initial stop is also used to calculate your position size. It is the largest loss that you are going to take in the current trade.

2. Trailing Stop: This stop trails the price action and locks in when the price action is reversed. Trailing stops develop as the market develops. The trailing stop lets you lock in profit as the market moves in your favor.

3. Resistance Stop: A resistance stop is placed just under the countertrend pullbacks in a trend. This is a form of a trailing stop used in trends.

4. Three Bar Trailing Stop: This stop is used in a trend when the market seems to be losing momentum and you anticipate a reversal in trend.

5. One Bar Trailing Stop: When the prices have reached your profit target zone, use this stop after three to five bars move strongly in your favor. This stop is used when there is a breakaway market and you want to lock in profits.

6. Trendline Stop: You always want to get out when the prices close on the opposite side of the trendline. Use a Trendline Stop placed under the lows in an uptrend or on top of highs in a downtrend.

7. Regression Channel Stop: A regression channel forms a channel between the highs and lows of the trend and usually represents the width of the trend channel. Stops are placed on the outside of the lows of the channel on uptrends and outside the highs of the channel in downtrends. Prices should close outside the channel for the stop to be taken.

If you find yourself being stopped out too frequently or if you seem to be getting out of the trend too early then most probably you are trading with a fearful mindset. Try to overcome your fear and place your stops at reasonable places in the market. - 23208

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. Learn These Candlestick Patterns. Try These 1500 Pips A Day Forex Signals from heaven!

Build For Stock Market Success

By Michael Swanson

When it comes to good 401k advice I have to tell you the best way to make big gains in stock market investing is to keep close tabs on your stock market prices. If you're a player and you want to come out ahead, keeping a close eye on the rise and fall of stock prices is absolutely essential.

Watch your stock prices every day, noting whether prices are heading up, down or even fluctuating. You can find stock listings in your local newspaper or on many Internet websites.

When your broker mails out his monthly statements, open them up and keep track of price trends in your stocks. In between statements, pay attention to stock prices printed in the paper or on the Internet.

Stocks that have caught your eye should be monitored before you buy them. Monitor those stocks and watch when they go up or down. Establishing a pattern of highs and lows will make the decision to buy a little easier.

When you have a small windfall or extra cash, you'll know which stocks to top up by monitoring price trends. Those stocks that are steadily increasing in value should be added to first. Plus, diversify your portfolio of investments. You really shouldn't put all your eggs in one basket, as they say.

Do you know your broker's phone number? If you're paying close attention to your stocks, you'll know when it's time to buy or sell and you'll want to act fast. Instruct your broker as to what to do as well as a price. Everything can be handled by the broker. All you need is a confirmation number when the deal is complete.

The Wall Street Journal or Barrons are both excellent reading materials for those who want to keep close tabs on the market. The information in these publications will let you know about events that shape stock market prices.

Because the stock market is such a volatile place, you must monitor your stocks if you hope to make money. Keep a three year goal in mind and don't panic-sell if stock prices start to fall and fall hard. Evaluate your stock's performance over time.

Day trading can be profitable but also highly stressful. It demands your constant attention and sophistication. - 23208

About the Author:

For more articles from Mike Swanson sign up to his stock trading weekly newsletter.

Forex Education Is Vital To Succeeding In Forex Trading

By Bart Icles

Anybody who wants to invest in Forex currency trading can become a successful and profitable trader with the help of Forex trading education programs; some of these may be free to use, while others are for purchasing and which one is best solely depends on the traders' style or type of trading and his overall preference. As 95% of traders eventually lose their money in the market, it only goes to show that only the remaining 5% are able to get the right Forex education.

Free Forex education programs may or may not have all the information vital to successfully trade Forex can be found on the Internet. Those new to Forex trading will need to make use of Forex charts and must know how to read all the information on the indicators correctly, and by applying their strategies to each situation with patience and discipline in order to succeed.

Forex trading courses for purchase are offered by experienced, retired or active Forex traders themselves who are willing to offer their accumulated knowledge and expertise from their many years of trading Forex. Majority are excellent in nature with a wide scope of coverage of everything one needs to know and learn about Forex trading and the market itself, and should have a money back guarantee to be considered risk free. The trader's learning time is dramatically shortened with the application of their proven strategies, wherein it is put to the test in actual trading to how see how it actually works and performs. This builds confidence in the aspiring trader, enabling him to learn trading effectively but, of course, with the able guidance of the Forex education mentor.

Since, in some cases, the confidence factor may still be lacking in the typical neophyte, there are other alternatives to turn for further help other than Forex education programs which others may find too lengthy and complicated to pursue.

One can purchase a Forex Account from a reputable Forex broker. All the complicated and time-consuming task of researching, gathering and analyzing all important Forex datas are taken out of the trader's hand. All he has to do is to wait for the Forex broker's recommendation when the market closes and it is time to decide whether to buy or sell. The price for each account varies from one Forex broker to another, ranging from hundreds to a thousand dollars per membership.

What Forex education program to get is all up to trader to decide in the end. The free or for purchase Forex education programs available are both great ways to equip one's self to becoming a successful and profitable trader, but will ultimately need to be reinforced by a traders inherent abilities and skills in trading. - 23208

About the Author:

The best traders follow their forex charts and don't force trades. Also, we feel that the ability to use the forex trading platform with some skill greatly enhances a trader's success.