joi, 18 iulie 2013
vineri, 12 iulie 2013
vineri, 18 mai 2012
Forex Trading System | Forex Strategy | Forex Tips | Forex Charts | Learning To Trade Forex
Forex Trading System | Forex Strategy | Forex Tips | Forex Charts | Learning To Trade Forex
sâmbătă, 12 mai 2012
Can Forex Trading Make You or Break You?
are thousands of Robots in the Market. Every week we see at least 2 to 3 new Robots coming out and promising of making Vast sums of money for us. All we need to do is buy it for $97. 00 and make Millions..
These Robots do make money initially for a few days or weeks and then comes a time when the market never retraces once we are losing and the losses keep increasing with time.
Most of the Robots do not have a Stop Loss built in and those that do, have stops of 1000 pips. That means if the trade goes against you, your account will either get wiped out or you will lose $10, 000. 00 in just one day.
This happened to me personally. During my early days of trading I purchased a Robot that was making me $200. 00 about 3 to 5 times a day. I started trusting that Robot and stopped monitoring the trades. I went out one day to do some shopping and when I returned I noticed that I am losing more than $8000. 00
And this was my Live Account with Real Money.
Since that day I never took Automatic trading seriously.
I did purchase a few Robots and put them to Test by Demo Trading and found that eventually one day it takes off you more than what it gave you.
Sorry Robots are not for me.
These are the pros a cons and now you have to decide, would you like to become a forex Trader?
A word of Warning:
If you do decide to become a forex Trader, first Demo Trade for at least 2 months with fictitious money and only then open a live account with real money that you can afford to lose. Never use the money that you have saved for your retirement or for any other purpose.
Wish you best of Luck,
Maria
These Robots do make money initially for a few days or weeks and then comes a time when the market never retraces once we are losing and the losses keep increasing with time.
Most of the Robots do not have a Stop Loss built in and those that do, have stops of 1000 pips. That means if the trade goes against you, your account will either get wiped out or you will lose $10, 000. 00 in just one day.
This happened to me personally. During my early days of trading I purchased a Robot that was making me $200. 00 about 3 to 5 times a day. I started trusting that Robot and stopped monitoring the trades. I went out one day to do some shopping and when I returned I noticed that I am losing more than $8000. 00
And this was my Live Account with Real Money.
Since that day I never took Automatic trading seriously.
I did purchase a few Robots and put them to Test by Demo Trading and found that eventually one day it takes off you more than what it gave you.
Sorry Robots are not for me.
These are the pros a cons and now you have to decide, would you like to become a forex Trader?
A word of Warning:
If you do decide to become a forex Trader, first Demo Trade for at least 2 months with fictitious money and only then open a live account with real money that you can afford to lose. Never use the money that you have saved for your retirement or for any other purpose.
Wish you best of Luck,
Maria
Forex Trading System with the ADX Indicator
miercuri, 9 mai 2012
100% Automated Forex Trading System - Real Money Forex Trading Robot
100% Automated Forex Trading System - Real Money Forex Trading Robot
sâmbătă, 5 mai 2012
How To Choose A FOREX Broker
Most investors who trade FOREX stocks use a broker. A broker is an individual or a company, who buys and sells stocks according to the investor's wishes. Brokers earn money by collecting commissions or fees for their services.
You should check that a broker is registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud or abusive trade practices. A FOREX broker also needs to be associated with a financial institution, such as a bank in order to provide funds for margin trading. Picking the right FOREX broker for you will take some work on your part. There are brokers who charge a flat fee and some that charge commission. It may be a good idea to talk with friends and business associates about their brokers. You may get some good leads, and you're certain to hear who to stay away from. There is nothing like word of mouth advertising.
If you are thinking of investing online, you could choose several online brokers and contact their help desks. Seeing how quickly they respond to your questions could be key in how they will respond to their customers needs. If you don't get a speedy reply and a satisfactory answer to your question you certainly wouldn't want to trust them with your business. Just be aware that as in other types of businesses, pre sales service might be better than after sales service.
Before you choose an online broker get a copy of their online demo account. What features are included? Is the software reliable? Does it offer automatic trading? Are there extra software features that cost more?
Before setting up an account with a FOREX broker you will need to do further investigation. How quickly will these brokers execute your buy/sell orders? What is their policy on slippage? What are the transaction fees? What is the spread, fixed or variable? What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts?
Don't forget to ask about minimum account balances and interest payments on account balances. Make sure that your funds will be insured.
FREE Forex Trading System!
You should check that a broker is registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud or abusive trade practices. A FOREX broker also needs to be associated with a financial institution, such as a bank in order to provide funds for margin trading. Picking the right FOREX broker for you will take some work on your part. There are brokers who charge a flat fee and some that charge commission. It may be a good idea to talk with friends and business associates about their brokers. You may get some good leads, and you're certain to hear who to stay away from. There is nothing like word of mouth advertising.
If you are thinking of investing online, you could choose several online brokers and contact their help desks. Seeing how quickly they respond to your questions could be key in how they will respond to their customers needs. If you don't get a speedy reply and a satisfactory answer to your question you certainly wouldn't want to trust them with your business. Just be aware that as in other types of businesses, pre sales service might be better than after sales service.
Before you choose an online broker get a copy of their online demo account. What features are included? Is the software reliable? Does it offer automatic trading? Are there extra software features that cost more?
Before setting up an account with a FOREX broker you will need to do further investigation. How quickly will these brokers execute your buy/sell orders? What is their policy on slippage? What are the transaction fees? What is the spread, fixed or variable? What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts?
Don't forget to ask about minimum account balances and interest payments on account balances. Make sure that your funds will be insured.
FREE Forex Trading System!
Understanding Credit Card Transaction Fees:
Q: I'm starting a new business and want to accept credit cards. It seems that all the credit card processors charge a lot of fees for each transaction. What are these fees?
A: Each credit card processing company operates somewhat differently, but there are a number of fees that are common to all of them. Here are some examples of various fees associated with a typical merchant account.
The Application or Setup Fee is a one-time charge for processing a merchant application and activating your new merchant account. Some processors waive this fee to promote their businesses and attract new merchant accounts.
The Address Verification Service Fee (AVS) is a fraud prevention measure that provides merchants with an additional fraud-detection tool to determine the validity of a sale, which is especially useful when the card is not present. AVS matches a sale's shipping information with the cardholder's billing address. When addresses do not match, merchants should discuss the discrepancies with their customers before shipping orders. AVS only works with cards that are issued in the United States. When AVS is used, there is a per-transaction fee for the service.
The Discount Rate is the percentage charged on the dollar amount of a sale or a returned transaction. Discount rates vary depending on the type of business, such as a traditional brick-and-mortar business, a mail-order/telephone-order business, a restaurant or an e-business. Discount rates also vary depending on whether a card number is keyed into the point-of-sale terminal or swiped into the terminal. Swiped rates are generally lower because of the data encoded on the card's magnetic stripe, which eliminates key-entry errors.
The Secure Payment Gateway Fee is a charge assessed to e-commerce merchants to enable them to process transactions securely over the Internet. This is usually a monthly fee.
The Customer Support Fee is a monthly charge assessed by some processors, which enables them to provide high-quality customer service 24 hours a day, 365 days a year, often in multiple languages and dialects.
The Monthly Minimum Fee is charged to the merchant if the total monthly discount rate amount for MasterCard and Visa transactions does not reach a minimum threshold. If the merchant reaches the minimum threshold, no monthly minimum is charged. Virtually all credit card processors initiate this fee, and generally it ranges from $10 to $30 per month.
The Reprogramming Fee is a one-time charge a processor may assess for converting a merchant from one credit card processor to a new credit card processor.
The Transaction Fee is assessed for each transaction authorization submitted by a merchant, such as a sale or a return. This fee is also charged on transactions where the card is declined. In addition , transaction fees are incurred for American Express and Discover card transactions.
Equipment and Software Fees vary depending on the type of business-traditional brick-and-mortar, mail order/telephone order, restaurant or e-business. Merchants will need certain kinds of equipment and software in order to process credit cards, debit cards and checks. Equipment can include point-of-sale terminals-both countertop and wireless-printers and PIN pads as well as secure payment gateways, virtual products, software and payment options for Internet businesses. Most equipment and software can be either purchased or leased, and prices vary depending on the processor.
Chargeback and Retrieval Fees: Chargeback fees for a disputed transaction are based on the number of chargebacks posted to an individual account ($10 to $25 per final posting). Incoming retrievals are requests for the original transaction receipt that the cardholder's bank requests and are charged whether or not there is a final posting. The industry standard is $15 per incoming retrieval.
Keep in mind, there are numerous considerations to maintaining an effective merchant account, and fees are just one component. When you open a merchant account, ask your credit card processor, agent or sales representative to explain all your prospective rates. Be sure to ask if the transaction processing company has revealed all charges that could apply to your account; you want to avoid any hidden charges. Look for a credit card processor with a reputation for being honest and upfront, whose merchants are fully informed of what is reflected on their monthly statements.
Sometimes merchants shop for discount rates, but rates are only part of the processing picture. Look for a credit card processor that consistently provides top-quality customer service, 24-hour availability and a one-stop shopping experience (i. e., point-of-sale equipment, processing software, training, 24/7 customer service in more than one language and state-of-the-art fraud prevention procedures).
Credit card processing does not have to be intimidating or challenging. Find a processor dedicated to personal interaction with its merchants. Work with agents and sales representatives who communicate directly and honestly with their merchants, explaining each charge and what it covers. Ask questions. Remember, you are the customer. Accepting credit cards can help grow your business.
For additional information click over to http: //www. cmscreditcards. com
Forex Trading System - Candlestick Trading Series 1
Abonați-vă la:
Postări (Atom)