Forex Currency Trading

Mika Hamilton offers the following royalty-free article for you to publish online or in print.
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Article Title: Currency Trading Proceed With Caution
Author: Mika Hamilton
Category: Currency Trading, Investing
Word Count: 527
Keywords: Currency Trading
Author’s Email Address: support@global-investment-institute.com
Article Source: http://www.articlemarketer.com
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The key to a successful portfolio is diversification. One of many areas an individual can invest in is currency trading. Using the foreign-exchange rate, two currencies are compared to determine one currencies value compared to the other. The simple laws of supply and demand apply even in the foreign exchange market. A currencies value will increase when demand rises above the currently available supply.

When demand falls below the available supply the value will decrease. The demand for any particular currency is driven by speculation on the future of that currency. The speculation is based on factors like the gross domestic product GDP and business activity. In general, the higher the interest rates the higher the return on an investment. The foreign-exchange market exchanges billions of dollars on a daily basis. Commonly a bank is used for any forex trading to ensure that exchange rates are accurate.

As an investment option, currency trading can be profitable, but as always it is recommended that any sort of investing is done by using professional services. In the case of foreign currency trading, this is especially necessary. It is strongly recommended that a bank be used for the exchange of currency. In the last few years, a number of trading scams have duped traders out of millions of dollars. Forex scams are carried out in several different ways. Primarily it involves a broker assuring potential clients large profits either by selling useless software or managing accounts in a way that serves only their purposes. The reason why forex scams are able to operate for the most part is because the foreign exchange market is poorly regulated.

Foreign exchange opportunities that strike a potential investor as too good to be true usually are. No company can predict what a currency will do and any that predict large profits in the near future should not be trusted. Being approached with opportunities billed as having no risk for the investor should be considered a fraud. If being encouraged to trade on margin (the act of borrowing money for purchase of stocks or currency) can greatly increase risk. Always investigate any companys background before doing any business with them and especially prior to transferring any money either over the Internet or via postal services. If a brokerage firm won’t divulge the path of their trades then be particularly wary.

Currency trading can indeed be a profitable form of investing, but those without access to large amounts of money will hardly see any notable gains unless taking large risks like investing in a nation whose currency isn’t recognized by the world banks. It is easy to think of how much money can be gained if millions of useless bills suddenly become worth even a fraction of a dollar, but these dreams could easily turn sour if a government folds instead of recovers. If a government falls then it is basically the same as owning stock in a company that goes bankrupt. The shares, or in the case of foreign countries, the currency becomes useless and never gains any value. As with any investment, it is important to research the risk involved and think realistically about potential profits and losses.

Mika Hamilton runs a website offering free investment tips and strategies for people looking to get started in the investment world.
http://www.Global-Investment-Institute.com
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Mika Hamilton offers the following royalty-free article for you to publish online or in print.
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Article Title: The Nature of Currency and the Stock Market
Author: Mika Hamilton
Category: Currency Trading, Investing, Stock Market Investing
Word Count: 486
Keywords: currency investments
Author’s Email Address: support@global-investment-institute.com
Article Source: http://www.articlemarketer.com
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Currency and currency investments change just as the trends in the stock market do. There are currencies which perform better in the stock market then others. There are several issues to take into consideration when choosing which currency you should trade with.

The most important points are the volume of that currency and the liquidity. These are both important because it will increase how quickly you can sell to ensure high profits or low losses. The most commonly traded currencies besides the American Dollar include: Japanese Yen, Swiss Franc, British Pound, and The Euro.

If you are a long term investor, a day trader, or a causal personal investor all these currencies have good liquidity, good trend performance (short and long term) as well as daily peaking for day traders.

While the focus by financial experts are usually on the big three: Euro, Dollar, Yen. There are other considerations which can increase your profits for the short term and offer solid long term trends.

The activity of a particular currency can not be a guaranteed an indicator of future performance is past performance. Below are a list of currencies and they associated “personality” in the stock market:

British Pound – The British Pound has a much smaller volume than the Euro or the Yen. This means short term trading with the British Pound needs to be kept to a minimum. Low opening interest rates combined with small volumes can cause unstable price spikes. However, the British Pound does very well in long term investing.

The Euro – If you are interested in and new to trading currencies, the Euro is the place to start. It has good volume, a high open interest, and is volatile enough that it can offer profits to the day trader.

The increasing popularity of the Euro makes it extremely safe to trade with it. The Euro is good for experienced traders as well as new investors.

Japanese Yen – The Japanese Yen is good for any long term investing. It can offer volatility for the day trader but it is much more erratic in it’s daily behavior then the Euro and therefore much more unpredictable. The volume and interest is also high.

Swiss Franc- The Swiss Franc is similar to the British Pound – thin volume and low open interest. It’s future viability is unknown because the Swiss economy is slowly becoming integrated into the European economy. It does have good long term growth which is ideal for any currency investor looking for long term trends.

Day trading with the Swiss Franc is out of the question, the volume is too low and there are no substantial daily spikes to make it worth while

Australian and Canadian Dollar – Both currencies are great for long term trading because each has low volume, low opening interest, and large price spikes. These currencies are good consideration if you are a currency trader and are seeking diversification away from the larger more commonly traded currencies.

Mika Hamilton runs a website offering free investment tips and strategies for people looking to get started in the investment world.
http://www.Global-Investment-Institute.com
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Gregory DeVictor offers the following royalty-free article for you to publish online or in print.
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Article Title: Forex Trading Training: The Basics of Fundamental and Technical Analysis
Author: Gregory DeVictor
Category: Currency Trading, Business
Word Count: 618
Keywords: forex,forex trading,forex broker,online forex trading,forex trading system
Author’s Email Address: gregory@forex-trading-system.name
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The Forex trading market is an around-the-clock cash market where the currencies of nations are bought and sold, typically via brokers. Forex prices can change at any moment in response to real-time events, such as political unrest or the rate of inflation. Currency market players typically use “Forex analysis” as a means of predicting currency price movements. Forex analysis is divided into two types: fundamental and technical. A fundamental analysis uses economic and political factors as a means of predicting currency movements. A technical analysis uses reliable historical data as a means of forecasting these movements. The purpose of this article is to discuss the basics of fundamental and technical analysis.

A fundamental analysis uses economic and political factors, such as housing starts, the unemployment rate, or inflation, as a means of predicting currency movements. Fundamental analysis is concerned with the reasons for currency movements. Many Forex traders who rely on fundamental analysis plan their trading strategies around a number of U.S. Government economic indicators. Some of these indicators are the Consumer Confidence Index (CCI), the Consumer Price Index (CPI), the Employment Situation Report, the Gross Domestic Product (GDP), the Composite Index of Leading Indicators, the Advance Report on Durable Goods, Housing Starts, and Initial Jobless Claims.

All of these Federal economic indicators have a marked effect on the Forex trading market. Some of these indicators are released weekly, while others are released monthly or quarterly. Their sources include the Federal Reserve, the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis (BEA), and the U.S. Census Bureau.

Forex traders must take other economic indicators into consideration as well. The world’s leading economies (for example, the United Kingdom, Japan, France, and Germany) also release their own economic indicators that will have an impact on the Forex market. For example, common economic indicators in the United Kingdom include Housing Prices, Gross Domestic Product (GDP), Vehicles per 1,000 People, Telephones per 1,000 People, and the Percentage of People Employed in Agriculture.

A technical analysis uses historical data as a means of predicting currency movements. The technical analyst believes that history repeats itself over and over again. Technical analysis is not concerned with the reasons for currency movements (for example, interest rates or inflation). Instead, it believes that historical currency movements are a clear indication of future ones. The technical analyst typically uses charts as a tool in predicting currency price movements.

Investopedia states that “In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, his or her decision would be based on the patterns or activity of people going into each store.”

For example, during the back-to-school buying season, the technical analyst might observe that more people are going into clothing stores than into stores selling flowers. Likewise, the technical analyst might observe that more men are going into stores selling flowers on Valentine’s Day than into clothing stores.

Here is another example. Oil prices dramatically increase, thus creating inflation. Interest rates rise as a means of controlling inflation. One historical result of higher interest rates is less money to spend, thus slowing economic growth. Another historical result is increased foreign investment in the currency affected by the higher interest rates, thus strengthening it.

Some Forex traders depend on fundamental analysis while others depend on technical analysis. However, many successful Forex traders use a combination of both strategies. The important point to remember here is that no one strategy or combination of strategies is 100% certain.

Gregory DeVictor is a consultant who has been developing and marketing web sites since 1999. Through a series of videos and easy-to-understand Forex trading courses, you can receive the proper training needed to develop an effective Forex trading system at: http://www.forex-trading-system.name
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Ranju Kumar offers the following royalty-free article for you to publish online or in print.
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Article Title: Highly Profitable & Risk-Free Alternative To Stock Trading
Author: Ranju Kumar
Category: Currency Trading
Word Count: 446
Keywords: make money, financial freedom,live your dreams, forex market, home business, make money online
Author’s Email Address: no.royalty@gmail.com
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The forex market is all about trading between countries, the currencies of those countries and the timing of investing in certain currencies. The FX market is trading between countries, usually completed with a broker or a financial company. Many people are involved in forex trading, which is similar to stock market trading, but FX trading is completed on a much larger overall scale.

Much of the trading does take place between banks, governments, brokers and a small amount of trades will take place in retail settings where the average person involved in trading is known as a spectator. Financial market and financial conditions are making the forex market trading go up and down daily. Millions are traded on a daily basis between many of the largest countries and this is going to include some amount of trading in smaller countries as well.

From the studies over the years, most trades in the forex market are done between banks and this is called interbank. Banks make up about 50 percent of the trading in the forex market. So, if banks are widely using this method to make money for stockholders and for their own bettering of business, you know the money must be there for the smaller investor, the fund mangers to use to increase the amount of interest paid to accounts.

Banks trade money daily to increase the amount of money they hold. Overnight a bank will invest millions in forex markets, and then the next day make that money available to the public in their savings, checking accounts and etc.

Commercial companies are also trading more often in the forex markets. The commercial companies such as Deutsche bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so on are actively trading in the forex markets to increase wealth of stock holders. Many smaller companies may not be involved in the forex markets as extensively as some large companies are but the options are stil there.

Central banks are the banks that hold international roles in the foreign markets. The supply of money, the availability of money, and the interest rates are controlled by central banks. Central banks play a large role in the forex trading, and are located in Tokyo, New York and in London.

These are not the only central locations for forex trading but these are among the very largest involved in this market strategy. Sometimes banks, commercial investors and the central banks will have large losses, and this in turn is passed on to investors. Other times, the investors and banks will have huge gains.

Ranju assistant to Cecil Brehm a leading internet marketer who has come up with new innovative ideas of making money through Forex Trading. For more information just click http://getdoremi365.net/as Life is not for working but for living.
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James Woolley offers the following royalty-free article for you to publish online or in print.
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Article Title: Are You Cut Out To Be A Forex Trader?
Author: James Woolley
Category: Currency Trading
Word Count: 414
Keywords: forex,forex trading,forex trader,learn forex,forex tips,currency trading
Author’s Email Address: jrw118@moomia.com
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Trading forex can be one of the most profitable professions, even if you’re just trading your own account, providing you’re successful. However, if you are trading on your computer at home it can be a very lonely profession.

The common opinion amongst non-traders is that forex trading is hugely exciting with vast sums of money to be won and lost every day, with the potential to really strike it rich, but in reality this isn’t really the case.

Sure it can be exciting at times when, for example, a currency pair moves 50 or 100 points in your favour in a matter of minutes and you’re sitting on a huge profit, but this type of occurrence doesn’t happen all the time. Far from it in fact.

There are times when you can be sitting at your computer for hours on end trying to find a trading position to take, and can sometimes spend the whole day without entering a single trade. In fact sometimes during particularly volatile times and conversely in very quiet times when the markets are moving sideways, it’s often best to sit on your hands and not take a position.

This certainly isn’t exciting and is a good example of why forex trading is not always that exhilarating. In addition there are times when you can have a losing trade, or worst still a losing streak where several trades go against you, and therefore not only have you not made any money, but you’ve actually lost money. Trust me, it’s not a great feeling going into the weekend knowing you’ve actually lost money during the last week.

There’s also the fact that forex trading is an extremely lonely profession if you’re working from home. The lack of social interaction during the day is really noticeable, particularly if you are a naturally sociable person, and I would suggest that this aspect alone means that forex trading is not for everyone.

However on the opposite side of the coin, forex trading provides an obtainable means to become very wealthy thanks to leverage and compounding, so if you can become a successful trader the rewards can more than compensate for the loneliness and occasional periods of boredom and inactivity.

Forex trading has provided me with a very good income since 2001, but like anything it takes real dedication and hard work, and you need to learn how to consistently generate profits from your trading and develop your own strategy, but it’s definitely possible, as thousands of other successful traders have discovered.

James Woolley has been trading the forex markets for around five years and also runs a blog dedicated to offering free forex tips and strategies. Click on the following link for more information:

http://theforexarticles.com
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John Mcfadden offers the following royalty-free article for you to publish online or in print.
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Article Title: Choosing Forex Software The Easy Way
Author: John Mcfadden
Category: Currency Trading, Tools and Resources, Wealth Building
Word Count: 452
Keywords: forex software
Author’s Email Address: john@american-studentloan.com
Article Source: http://www.articlemarketer.com
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Choosing forex software for your specific needs can be a minefield. There are so many different types and most of them do different things or different combinations of things. It becomes a little difficult to keep up with it all!

But there is no need to panic. Choosing forex software need only be as difficult as you make it and in fact can be a pretty easy decision with a little key information. Here are a few tips to help you on your decision.

Define Your Purpose.

Knowing exactly what you want to do is the key to choosing the correct software. Have one goal in mind for your purchase and you can’t really go wrong. But what should that be?

Well, most people are going to want their software to perform a specific task.

The most common tasks that are important to a foreign exchange trader are charting, forecasting and trading. Ok, that might be a little simplified, but these are the logical tasks that can be aided by having some good quality software help in the process.

Luckily these tasks are the most common that forex software provides help with.

Forex charting software will take the historical data that you provide it with to then display charts which you can use in your trading decision making process. Many foreign exchange traders rely on charts to make trading decisions and most of those charts are made with charting software. Getting some solid charting software can save you a lot of time and heart-ache and help with your trading decisions.

Trading software usually just keeps track of your trades on the market. It basically gives you a historical view of how you are doing. Again, it is only as good as the data you feed it so make sure your data is accurate. Some trading software will even help in the process of the trade by communicating with certain forex services online.

Forecasting software also uses historical data to help predict foreign exchange trends so that you can make better decisions with regard to your trades. There is some overlap with Charting Software in this category as charting software could also be partially regarded as forecasting software. This type of software is a big gun in the arsenal of a lot of the top forex traders so it is a good idea to get the best rather than the cheapest software in this category.

With these forex software types in mind, it is important that you define exactly what you want from your own software purchase and make your decision accordingly.

Some foreign exchange software will take care of all of the tasks above whereas other software will only be built for one specific purpose.

Knowing your own forex needs is the key.

John McFadden reviews forex software at http://forexsoftware.com.au
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Sam Beatson offers the following royalty-free article for you to publish online or in print.
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Article Title: Forex Trading Multiscreen Setup…
Author: Sam Beatson
Category: Currency Trading, Hardware
Word Count: 419
Keywords: forex,3 monitors,3 screens forex,screens forex,monitors forex,forex trading PC
Author’s Email Address: sambeatson@gmail.com
Article Source: http://www.articlemarketer.com
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I list below the following specifications which adequately run a three screen forex trading setup. It should be noted that forex trading requires only a laptop/notebook computer plus an internet connection, and does not necessarily require more than one screen.

I like to have a workspace so I can do research at the same time as having charts open across 2-3 screens so I have nice big, juicy candlesticks to look at and plenty of room to trade through my forex broker account which is on a separate screen.

It is also possible to run charts off the multiscreen computer setup and to trade using the laptop as a separate component of the system. Some people have 3 screens, some have 1, some have a tower/desktop computer, some traders prefer a laptop.

The following specifications amply run three screens at once using three monitors and two video cards. It is not the latest system by any stretch, but it is fast enough to use as a machine whose main purpose is to trade professionally on a daily basis, running several programs at once – charting package, brokerage package, internet explorer, skype, news software simultaneously without crashes.

OS: Windows XP Professional Service Pack 2
Processor: 1.4 Gigahertz AMD Sempron
Circuit board: ASUSTek Inc. K8VSEDX
RAM: 1024 Megabytes (1 Gigabyte)
DVD/R + 120 Gig HD (optional)
Display: RADEON 9600 SERIES (primary and secondary) – monitor 1 + 2
SiS 300/305/630/540/730 – monitor 3
SoundMAX Digital Integrated Audio
ULTRAMON (open source multiscreen tool)
4 USB sockets
3 x HSD HN198D 19″ monitors

In other words there is a graphics and video card taking care of the monitors, the graphics card running 2 of the monitors and a second insert a video card which allows the third monitor.

Taking the above specifications to a PC dealer who you trust and explaining to them that you want to run your charting package and brokers software plus internet explorer off a PC (or whatever you need) and that you heard the above specifications were strong enough will enable you to get a quote on the above system. It should not cost you more than about $1500-2000 (windows included and extras such as printer, great speakers, microphone etc) including the monitors, casing etc for the above setup.

As regards to security. I use a two way firewall (I understand that windows firewall is only one way) along with a good antivirus suite that updates on a daily basis with the latest definitions and use a couple of antispyware tools which are run once per fortnight or once per week to eliminate other intrusions.

Sam Beatson runs the professional forex trading blog at http://www.sambeatson.com and is known by several of his clients as “THE Master forex trainer” He also has several courses and a mentoring program via http://www.fasttrackforex.com
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Sam Beatson offers the following royalty-free article for you to publish online or in print.
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Article Title: Profitable Forex Trading Strategy
Author: Sam Beatson
Category: Currency Trading, Stock Market Investing
Word Count: 597
Keywords: forex,financial instruments,profitable forex trading strategy
Author’s Email Address: sambeatson@gmail.com
Article Source: http://www.articlemarketer.com
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There are only two questions a forex trader has to ask him or herself. If the affirmative can be answered to both questions, the forex trader is a professional and may rely on their trading expertise for a lifetime of wealth if desired. If negative to either or both questions, the trader could continue to wipe out profits, possibly ending up in substantial and permanent losses.

1) Do you know how to identify trades that 4/5 trades at the least will get you on target for a business plan that covers the short, medium and long term?

2) Can you apply your trading methodology under different market conditions over the short, medium and long term and turn your trading plan into reality

There is convincing evidence that to become proficient at the number one criterion, there is no substitute for spending time listening to and watching the market over a consistent period, at least of months. There is no “get rich quick” strategy that has been invented, except that of gamblers luck.

Secondarily to that first point, a foundation in technical analysis is required and a pretty thorough knowledge of fundamentals, including forex jargon is a good footing. This does not need to be learned theoretically in parrot fashion, but needs to be applied in conjunction with the previous paragraph. Only then will the necessary belief in certain technical strategies be referenced sufficiently for “natural” talent & skill to be cultivated.

Risk tolerance needs to be established at an early stage so that losses can be protected using a stop-loss. Profit targets for certain trades can also be drawn up as part of the trading plans rules. If your intraday trading risk tolerance is for example 15 points, then profit target trades of 15-30 point trades need to be sought out and discovered. The opportunities await each day.

Testing, back-testing and forward-testing of methodology is an evolutionary process. It is ok to make mistakes, so long as they are learned from and keep within the boundaries of the current rules. It is therefore also going to be the case that non-stop improvement of the strategy and the skill of the trader will take place, and the strategy, even the instrument traded may change dramatically over time as more information is gathered and the trader becomes more familiar with their trading style and themselves.

Trading can be considered an “inside game.” The more one knows themselves, the more likely they are going to have the discipline, patience and awareness required to spot opportunities and seek out the correct research in order to plan and execute trades make the difference between a professional investor and an emotion driven gambler.

Research into the brain shows there are two kinds of thinking. There is the primitive type of thinking built on biochemical and emotional reaction. The trader in the state of arousal with adrenalin before the trade may be leaving themselves open to danger, because this is a primitive fear/flight or flight mechanism, requiring a reactive response.

However, when the mind thinks using the cortical part of the brain, more of the neurons are incorporated into the thinking process and therefore a more balanced and effective decision will be made.

A constant and rigorous monitoring of trading performance is required therefore from the outset so that the mind knows what is required to be on track with the trading plan and adjustments can be made to the strategy so that the purpose of the plan is fulfilled. Testing and tweaking under forward conditions allow the trader to hone in on areas of weakness and root them out, making the results more pronounced.

This article is presented by http://www.fasttrackforex.com, the retail investors professional training home. Visit this site to learn how to trade the market like a professional and not a gambler. Real traders use http://www.fasttrackforex.com for their training. Blog link: http://www.sambeatson.com
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Marcus Masters offers the following royalty-free article for you to publish online or in print.
Feel free to use this article in your newsletter, website, ezine, blog, or forum.
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Article Title: What Is Forex Autotrading, and Why Should You Care?
Author: Marcus Masters
Category: Finance, Currency Trading
Word Count: 645
Keywords: forex, forex trading strategy, mechanical trading, auto trading, autotrading, technial forex trading
Author’s Email Address: masters080@gmail.com
Article Source: http://www.articlemarketer.com
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If you are a forex trader, you are probably aware of the large profit potential that this market possesses. For a number of reasons, it is possible to make more money as an individual currency trader than in nearly any other field, in terms of the time-to-money ratio required.

Leverage (the ability to control 50x your account value or more) can be one of the forex trader’s most useful tools when it comes to creating money through trading. It is this leverage, combined with seamless market access and very low transaction costs that mke forex trading as lucrative as it is.

However, even though the potential rewards of becoming a successful forex trader are great, being a full time trader still does require a large time commitment. It possible, though, to take advantage of the benefits of the foreign exchange market without the large time commitment, and that is the topic of this article.

The term that I want to introduce to you (which is something you may or may not have heard of) is called ‘autotrading.’ Autotrading simply means devising a set of mathematical rules and calculations, plugging them into your trading platform, and literally having your platform trade for you regardless of whether or not you are at your computer.

Have you ever heard the term ‘passive income?’ Well in kind of a funny way, creating and setting into motion a forex autotrading system is alot like creating a stream of passive income. Allow me to explain:

In business, there are really two types of income that you can earn: either active income or passive income. Working as a shop clerk would be a good example of active income, because you come to work one day and later you will be paid for one day’s work. If you want to make more money, you must again do more work.

Passive income is a bit different. Working to set up a utilities company is a good example of passive income. There might not be any immediate benefits, but once you get the company rolling you will have people that pay you like clockwork every single month because they need utilities.

So instead of trading your time for money, you spend your time setting up a system that will make money for you regardless of whether or not you are still working at it. That is exactly what creating a forex autotrading system is like.

When you trade the forex market in the regular sense, you will need to sit down at your computer and identify a profitable trade every time you want to make money. Now this can still be very worthwhile, but if you want to make more money you will need to do it al over again.

When it comes to devising a forex autotrading system that can be consistently profitable, instead of spending your time doing something that will make you money once, you spend your time doing something that can make you money over and over again.

You put your energy and effort into devising, tweaking, and testing different technical and mathematically-based strategies, and once you can create a trading system that can profit consistently over time, all you need to do is set it up and walk away.

A few good forex trading platforms that I know of that support autotrading are called Metatrader and Tradestation. When using Metatrader, you will use their simple programming language to create a small piece of code called an ‘expert advisor.’

In your code, you will give the instuctions for your technical-based trading strategy, such as what indicators or calculations should be used to find entry and exit points.

All in all, forex trading has massive profit potential, and creating an autotrading system is one of the ways that you can leverage your time and effort to make as much mney as possible.

If you are a forex trader and are looking for good free information on how to trade profitably, there is a large collection of free forex-related ebooks and guides on my site, available at http://TheForexSurfer.com/reports
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Marcus Masters offers the following royalty-free article for you to publish online or in print.
Feel free to use this article in your newsletter, website, ezine, blog, or forum.
———–
PUBLICATION GUIDELINES
- You have permission to publish this article for free providing the “About the Author” box is included in its entirety.
- Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity.
- Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only.
- If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links.
- Please send a copy of the publication, or an email indicating the URL to masters080@gmail.com
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Article Title: Does Your Forex Broker Really Want You To Profit?
Author: Marcus Masters
Category: Finance, Currency Trading
Word Count: 609
Keywords: forex, forex market maker, forex broker, ecn broker, electronic communications network, currency
Author’s Email Address: masters080@gmail.com
Article Source: http://www.articlemarketer.com
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‘See a need, fill a need.’ It is this sentiment that actually led to the creation of the retail forex market, where individuals with as little as $500 are able to trade the largest market in the world.

Less than a decade ago in 1999, retail or individual forex trading simply did not exist. Trading the foreign exchange markets was pretty much restricted to big banks, hedge funds, and high net-worth individuals simply because of the capital requirements for trading. The minimum trading size was usually $1,000,000 USD.

However, as information began spreading about the profit potential that forex trading holds, more people wanted in, even if they could not trade on the traditional interbank market because they did not have huge sums of money to work with.

There was a growing need for forex market access for those investors who had around $10,000 to $50,000 to invest or less, and so the retail forex market was born. New forex brokers began (and still are) springing up rapidly to meet this high demand, yet this aspect of forex trading is still highly unregulated.

Many of the forex brokers out there operate under the ‘market maker’ or bucketshop model, and these are the guys who actually have NO interest in seeing you succeed as a trader. Why, do you ask?

Well, it is their job to make forex market access available to smaller investers (hence the term market maker). In order to do that, they need to be able to fill every order that you place on your trading platform, and they do this by taking the opposing position of every trade that you make.

Well, since they will have an opposing position open for every trade that you make, they will actually lose money every time you have a winning trade. Imagine that you bought the EUR/USD pair because you think the Euro is going to appreciate. Well, in order to provide market access to you, the broker will have to take a position where they are selling EUR/USD in order for your trade to go through.

Since they are in a sell position here, it is in their best interest for the Euro to depreciate in value, or to see you lose on the trade. And keep in mind that your forex market maker will never, ever reveal this to you, as they count only a small minority of traders actually fully understanding their business model, and thus the majority of traders will fall victim to it.

The other type of forex broker business model is called an Electronic Communications Network (ECN), and it is more trader-friendly simply because the broker does not have a vested interest in seeing you fail. In order to understand how this type of setup works, remember that the goal of any broker is to provide market access and liquidity.

A forex market maker does this by taking an opposing position to every trade you place, but an ECN broker does this buy routing your trade order through their communications network and matching it with another trade (for example, if you placed a buy order on a certain currency pair, the ECN would match you up with another trader selling that same pair).

ECN brokers are really your best choice, as it is much easier to make money using a broker that offers this type of trading setup. Because they have no vested interest in seeing you lose money and instead only care about providing a network where they can match your orders with other traders, you would never have any problems withdrawing your profits as you might have with a market maker.

If you are a forex trader and are looking for good free information on how to trade profitably, there is a large collection of free forex-related ebooks and guides on my site, available at http://TheForexSurfer.com/reports
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