How to Save $5000 on Forex Trading Training and Get it Free

This video exposes how so many Forex training programs provide very little useful content for the price and how you can obtain more ... all » information for very inexpensive and even for free. This video is part of a series that is created to enable persons who are interested in Forex trading to save months of years of frustration and quickly achieve the results that very few achieve.



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Bid and Ask or Buy and Sell

There are always two numbers given after the currency pair, the first always has a smaller numerical value then the second. This can once again be shown using the same example (EUR/USD 1.2660 1.2663). The first number is known as the "Bid" or "Sell" and the second number is known as the "Ask", the "Offer" or "Buy".


The smaller number or the Bid (Sell) (1.2660) represents that price where one can sell the major currency and buy the secondary currency; sell the EUR and buy the USD. The second price the Ask (BUY) (1.2663) represents the price where one can buy the major currency and sell the secondary; buy the EUR and sell the USD.

In the trading window below the trader is able to buy the EUR against the USD at 1.2847 or sell the EUR and buy the USD at 1.2844. The trader is also able to buy the USD against the JPY at 117.60 and sell the USD and buy the JPY at 117.57.


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Who Trades in the FX Market?

Foreign exchange traders can be separated into two groups, hedgers and speculators.

Hedgers: Governments, companies (exporters and importers) and some investors have foreign exchange exposure. Adverse movements between their local or domestic currency and the foreign currency of the group they are either doing business with (for the exchange of goods and services) or investing in will affect their bottom line. This is the core of all foreign exchange trading; however it only makes up approximately 5% of the actual market.


Speculators: These groups which range from banks, funds, corporations and individuals – create artificial rate exposure in order to profit from the variations or movements in the price.we trade off-exchange forex transactions.

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Basic Concepts

The term Foreign Exchange means the transferring of one currency into another simultaneously. Since currencies are traded in pairs, to profit from an exchange rate move you need to buy the currency that you expect will strengthen and sell the other. For example if you believed that the Euro (EUR) was going to appreciate against the dollar (USD) you would buy the EUR/USD; or in other words buy the EUR and sell the USD. Alternatively, if you believed that the EUR was going to depreciate against the USD then you would sell the EUR/USD; or sell the EUR and buy the USD.


As can be seen there is no need to wait for a bullish market to profit, for at any given moment, one currency will be strengthening against another. The FX market is therefore constantly producing opportunities to invest.

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Ebook Profitable Patterns for Stock Trading

Ebook Profitable Patterns for Stock Trading:
Larry is a trading mentor and a thirty year veteran of the Chicago Mercantile Exchange. He supervised Drexel-Burnham-Lambert’s Commodity Department in Los Angeles. Larry traded on and off the floor and trained over 200 traders. He is currently a contract trader for a large hedge fund. Larry seeks to distill and share his thirty years of market experience. His contribution is to teach others the "art and science" of trading. He is the author of six books on trading, and he periodically gives seminars on his pattern recognition style of trading.

Over the past 20 years the use and misuse of the Fibonacci Summation series has proliferated to the point that commentators on the nation's TV business channels are now resident experts. I lay no claim to being an expert. I have, however, studied the subject of Fibonacci numbers extensively, especially how it relates to trading. I have always taken the pragmatic position that if I could not use what I was studying to help in trading, then I was not interested in pursuing it any further.

If this material can stimulate your interest in the subject, then introducing you to the subject will have been worthwhile... The pattern recognition methodology illustrated in the text will be of interest to anyone that has ever traded using technical charts. I can say with confidence that there are very few who have researched patterns to the extent I have. Some of the references date back to the early 1900s. Each of these patterns is based on ratio and proportion. A technical ! chart is nothing more than a road map with a price and time axis.

These patterns repeat with a great deal of regularity. Some of my best students have been airline pilots. They seem to approach trading like they approach flying, following a flight plan. The similarities to trading are numerous. Finally, one of my goals in writing this book is to expose you to the subject of ancient geometry. Fibonacci numbers are an integral part of the numbers that make up the subject of their origin in the cosmos. I will not spend a significant amount of time relating my experiences in astro-harmonics research. The subject is too vast for me to consider here. More importantly, it is not necessary for profitable trading.

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Trading-Tools MLDownloader

MLDownloader downloads intraday, end of day and historical stock quotes, Options and Foreign Exchange (Forex) data from various Internet sites. The program gives you the option of saving your data in MetaStockЩ (any version) or in the form of ASCII (E.g. Excel CSV format) files. You are completely free to define your format of the ASCII files, so almost any Technical Analysis software can read it. (E.g. Insider TA, Excel, MetaStock, OmniTrader, VISION 2000, WallStreet and all the other industry favorites.) A one-time fee of И59.95 qualifies any and all to reliable, split adjusted, historical and recent EOD quotes from 1990 to date. (Depending upon the security the amount of historical data could extend back for more than 30 years!) Moreover, all future updates are free!

o bring your data up-to-date simply instruct MLDownloader to perform a data collection for an individual symbol or a symbol list. With one click MLDownloader downloads, converts and passes the data to your Technical Analysis at high speed. If you have some days missed, MLDownloader automatically fills the missing days. Example: If you have quotes till 10/07/2005 and you had not any chance to download quotes until 21/07/2005, all missing days will be filled automatically.

You can also schedule your downloads. Specify a start time and a list of download symbols, and MLDownloader automatically downloads the data. Optionally you can select an external application that will be started after the download has completed. So you can easily automate your analysis tasks.

MLDownloader can download quotes from over 50 international exchanges. Furthermore, the program informs you if a component of a stock index has changed. So you can be sure that your symbol lists are always up to date!

Moreover, MLDownloader informs you when a stock is announced for split. If a stock split is queued up MLDownloader will perform the split automatically. So you do not have to worry about splits anymore.
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Download Trading Strategy Tester for FOREX

Trading Strategy Tester for FOREX is a software simulator of the Foreign Exchange Market (Forex). It allows you to gain and improve trading skills without risking your money. It is an excellent instrument that will help you to: study trading in a fast and convenient way, save your money and time. You do not need to train in real time, waiting for days and weeks to test your long term strategies, Trading Strategy Tester for FOREX will pack this time in hours and minutes and the speed of testing can be adjusted. For small periods - like minutes - increasing time intervals will give you more time to think. You can stop testing at any moment. If you make a mistake, you can easily go back and test this situation again as many times as you want. You can import an unlimited number of currencies and years of historical data. Trading Strategy Tester for FOREX allows you to test them simultaneously. The precise market simulator engine handles swaps, spreads, margins and other market parameters. You can see the results of testing as profit diagrams including: balance, margin, equity and drawdown. Statistics windows will help you to analize your strategy more deeply with additional parameters. The program includes many common indicators such as: Ishimoku, Relative Strength Index, MACD, Stochastic, Bollinger Bands and many or other. We constantly increase the number of available indicators. Trading Strategy Tester for FOREX has an open interface that allows you to create your own indicators and includes help with examples of how to create them. Also, Trading Strategy Tester for FOREX possesess very convenient drawing tools to paint on the charts. You can paint vertical, horizontal, trend lines, rays, poly lines and Fibonacci tools with different styles and colors. You can edit, delete and clone painted shapes.

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Ebook A Complete Guide to Trading

Download Ebook A Complete Guide to Trading:
Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization with the goal of turning anyone into a complete and successful trader.

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Download Ebook The Ultimate Trading Guide

Download Ebook The Ultimate Trading Guide :
The Ultimate Trading Guide:
Provides traders with the tools needed to develop systems based on sound logic, including explanations of: the principles behind trading systems, how various systems operate, the tools and background for developing computerized trading systems, and short-term market timing techniques for any market.

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