E-currency Exchange Home Business

If you are reading this article you are probably one of the many people who have spent countless hours searching for unique ways to make money on the internet. Very few people have gone on to succeed and most have failed miserably time and time again.

So how are some people succeeding? The answer is quite simple; they are finding a business that works with their specific strengths and needs. The majority of people today trying to get into the home-based business industry are not salesmen and genius marketers. People fiddle around looking in all the wrong places wasting loads of money on advertising that isn’t working and E-books that promise wealth.

It took me five years to find a business that did not involving selling, building a down-line or that required me to recruit more people. That is when I stumbled across e-currency exchange, the fastest growing online opportunity today.

So what is it then? E-currency exchange allows everyday people just like you and I to build a financial portfolio through a complex system of thousands of people exchanging funds from dollars to electronic currency. There are two sides to the trading system, the portfolio side and the console side.

Initially you create a portfolio that receives 1.5% to 4.0% gains per day on the amount of money in the portfolio. For example, if you put in $1,000 and received gains at a rate of .35%, your profits for one day would be $3.50. This money is compounded daily and grows continuously over time. It is not uncommon for people who initially invest $100 to grow their portfolio value to $1000 in 1 month. It is easy to see that over the course of time you can make substantial gains.

Once you have been in e-currency exchange program for 90 days and your portfolio has grown to a value of $5000, you are able to apply for a console. With a console you can now process requests from people that wish to take their money from e-currency and convert it back to the dollar. As a console holder you receive a percentage of the amount being exchanged as profit. There are literally people lined up in a queue that need these exchanges processed daily. There is such a high demand right now for exchangers that it is a very profitable business for those who are able to console.

The only down-side is learning how to navigate through this e-currency network which is extremely difficult without assistance. Most people try it out for a few days, become frustrated and quit because they simply do not know what they are doing. That is why we have developed a guide that will walk you through everything you need to know! We have everything from personal phone support, to forums, to live chat rooms. There is no selling or recruiting and that is what makes this the perfect business!

Learn A Profitable Forex Breakout Strategy You Can Use Right Now

Breakouts have always fascinated me and although at first they did not prove to be profitable I believed there must be an easy way to trade them, and there is.

There is a key to breakouts, that key is that they must be seen by enough traders and institutions to create volume so the breakout will be strong. How does this relate to us? It's quite simple. For example if we had a nice strong up trend on a chart and asked 10 different traders to draw a trend line that they believed if broken would result in a breakout you would more than likely end up with 10 different trend lines.

However if we asked the same 10 traders to identify a level of support/resistance with horizontal lines that if broken would result in a breakout all 10 traders would generally agree on the same area.

In my trading I found it to be far more reliable to plot key support/resistance areas using horizontal lines. As I said earlier these areas are watched by far more traders and result in less false breakouts.

If you want to succeed trading breakouts forget grand ideas of gaining 100's of pips on each trade, you need to come down to earth. Look to grab 5-10 pips and then finish for the day. You do not need any more than that to grow your account and eventually become exceedingly wealthy.

Breakouts are low risk trades to grab some quick pips, if it remotely looks like the trade is moving against you then close the trade. Remember your stop loss is there in case you can not close the trade, do not let your trades go that far into loss.

The Role of Trading Signals

For the purposes of this article, we're going to assume you already have a basic understanding of the Forex market and are looking for additional information to make your Forex trading as successful as possible. When to buy and sell, triggered by observing trading signals, can provide you with one of the keys to making successful Forex trades. And that's what we're going to examine today.

What exactly are trading signals?

Trading signals are indicators of Forex market trends, generally based on a trading system, that tell the trader the best time to buy or sell a currency. These trends can include everything from currency pairs near moving averages, to support and resistance levels, to Fibonacci levels. Different trading systems can require different signals and trends for their recommendations. Some systems can include as many 26 indicators in their development of trading signals.

Why are trading signals important?

The Forex market is one of the volatile markets in the world. Currency shifts can occur for a wide variety of reasons, including economic conditions, political shifts, government spending, consumer spending, even weather conditions. These influences can trigger changes in the currency, which are reflected in nearly instantaneous shifts in the market. Trading signals, based on technical analysis of market conditions, allow traders to anticipate these shifts to their advantage.

As a Forex trader, you can utilize a charting service to study the trends and track the signals for yourself. Or you can use a Forex signal service. In addition, some brokers may offer a signal service which integrates into their trading software. In either case, the services monitor and analyze the market for you. When specific signals show themselves, the service will send you a notice via your computer, by email, or even SMS on your cell phone or pager.

Most services offer signals on EUR/USD, USD/JPY, GBP/USD, USD/CHF currency pairs, but specialized services may offer other currency pairs. In addition, some services even offer auto-trading, which allows you to auto-execute their signals direct into your broker account. In such instances, you will have already established a number of options, such as lot size, in advance.

Technical signals are based on technical indicators, which are precise mathematical formulas applied to market prices within a given period of time. Traders are always on the look out for easy and clear technical signals that indicate the right time to enter or exit a particular segment of the market. This is sometimes missed by beginning traders. It's equally as important to know when to exit a trade as it is to know when to enter one. This is where limit exits, trailing stops, and fixed stops can play a vital role in your trading.

Forex trading signals are a personal decision. However, once that decision is made, you need to be committed to it (at least long enough to know if it's working for you). Most signal systems do work. Traders can learn to anticipate the market movements and conditions before making their trading decision. The problems arise when emotions are allowed to take over and the system is ignored. Don't let this happen to you.

What is Technical Analysis?

Simply put, technical analysis means that one studies price movement. You can use price charts in order to keep track of price movement history. By doing so, you can try to figure out which way prices will go, up or down, in future trends.

Most online forex brokers give you many different tools that will help you figure out what it is that will assist you in technical analysis. Some of these include the following:

Bollinger Bands

Bollinger Bands measure market volatility. They use three lines of data: an average that changes in the middle; an upper line, which keeps track of the changing average and then adds two standard deviations; and a lower line, which keeps track of the changing average, and subtracts two standard deviations.

If the market is particularly volatile, the bands appear further apart. If volatility is not so great, the bands appear closer together.

One phenomenon known as the "Bollinger Bounce" means that the middle band is "controlled" by the two outer bands. When the middle band nears either of the two outer bands, it is "bounced" back towards the middle. This helps you visually keep track of the market, and it's useful because if the middle band does approach either the upper or lower band, you know it's likely that it will be pushed back towards the middle. It's best to use this as a strategy if prices are changing rapidly but you see no clear trends from your data.

Another way to spot a general trend is what is called the "Bollinger Squeeze." When the bands squeeze close together, it might mean that a breakout is going to happen pretty soon. If the middle band "breaks through" or exceeds either the upper or lower band, it's likely that the market will continue to trend in that direction.

Another indicator is called the "Parabolic SAR," or "Parabolic Stop and Reversal." This indicator spots trend reversals. It is perhaps the easiest indicator to read. Points or dots are placed in the chart in positions that are either above or below the "candles." (There is thea formula used that regulates where the points appear on the chart, but it's too in depth to describe here.) If points appear above the candles, traders should sell. If points appear below the candles, traders should buy.

Parabolic SAR works best if there are clear downward or upward trends. However, it does not work very well when price movement is minimal.

Another indicator is called "stochastics." Stochastics measures conditions that have been overbought or oversold in the market. The scale ranges from 0 to 100. If stochastics' lines are above 80, this means that the market has been overbought and a downward trend may soon be coming. If stochastics lines go below 20, it may mean that the market has been oversold and an upward trend is about to occur.

Stochastics can help you if you want to determine when you should lock in profits or when you should place an order to buy or sell. However, don't just rely on one of these indicators. Use several of them and adjust your trading strategy according to what you see.

Forex - The Psychology of Trading

Psychology plays an important role in any trading program, and this is equally true for Forex trading. For instance, we all have our own level of risk before we panic. The key to successful Forex trading, however, requires that we develop the ability to distance ourselves from our emotions and instead solely rely on our knowledge and the Forex system we're using.

Easier said than done.

If you've ever done any day trading or gambling or even overeating, you know that there's a psychological component that can sometimes be difficult to control. For many people, if a trade is going well (of in the case of gambling, if the betting's succeeding, or in the case of overeating if food isn't currently an issue) they feel completely in control. This makes it much easier to do the things they know they should be doing. Logic prevails over emotion.

However, when a trade has turned bad (and it happens to even the best Forex traders, no matter how much knowledge they have or how long they've been trading), suddenly logic moves to the back and emotion steps forward.

Like the amateur gambler, there's a shift in thinking. It'll turn around, becomes your mantra. Instead of following pre-determined stops, you let your trade dip below your exit strategy with the hope (emotional) that the trade will turn around and you'll not only recoup your losses but you'll come out ahead.

Or as in the case of the overeater, there's almost a masochistic resignation. The thinking goes something like this: well, the damage is done now (I've eaten that slice of cake that was forbidden), the trade's turned bad, it's lost, I might as well ride it all the way and see what happens, because there's nothing else to lose at this point. Again, a clear indication that your emotions have taken over.

All the Forex training in the world, all the knowledge and skills, charts and strategies are worthless if you disregard them when a trade has taken a turn for the worse.

So what's your psychological foundation? Do you turn to your emotions when situations become difficult or work against you? Do you double your bets as a gambler? Do you get a pint of Ben & Jerry's out of the freezer as a dieter? You're the only one who knows how your psychology works. And you're the only one who knows if you have the ability to control yourself or not.

Just remember this: success as a Forex trader is not the result of how you react when your trades are going well. It's the result of how you react when your trades are going bad.