I have searched several times for a reliable online job that is not a scam. Through my searches and researches, I discovered Forex trading. I searched for every information about it and discovered that I can make money online through Forex trading. In fact, I discovered that it can make me a millionaire. Then I researched for a good Forex trainer and found a reliable one.After my training, I researched for a good Forex platform and a reliable Forex broker and I discovered one. Since then, my life has never been the same again; I earn dollars daily online in Forex, ($10 dollars, $20 dollars, $50 dollars, $100 dollars, $500 dollars, $1000 dollars, and e.t.c).Forex trading can be risky, but with adequate training, success is guaranteed, (10 pips daily, 20 pips daily, 50 pips daily, 100 pips daily, e.t.c). Looking for a way to make money online, Forex trading is it.
Thursday, October 2, 2008
ONLINE JOBS
I have searched several times for a reliable online job that is not a scam. Through my searches and researches, I discovered Forex trading. I searched for every information about it and discovered that I can make money online through Forex trading. In fact, I discovered that it can make me a millionaire. Then I researched for a good Forex trainer and found a reliable one.After my training, I researched for a good Forex platform and a reliable Forex broker and I discovered one. Since then, my life has never been the same again; I earn dollars daily online in Forex, ($10 dollars, $20 dollars, $50 dollars, $100 dollars, $500 dollars, $1000 dollars, and e.t.c).Forex trading can be risky, but with adequate training, success is guaranteed, (10 pips daily, 20 pips daily, 50 pips daily, 100 pips daily, e.t.c). Looking for a way to make money online, Forex trading is it.
Tuesday, September 30, 2008
SigmaForex - Why you Can Never Predict Forex Prices?
Many new forex traders think the core of a forex trading strategy should be predicting where forex prices will go. Try it and you will lose, you will win if you trade in a different way so why is prediction not the way to make money? Let's find out.
If you are predicting you are in effect hoping or guessing which is not a way to make money in any venture let alone forex trading. You cannot predict the future and if you try, your predictions will be as accurate as your horoscope.
There is however a big market in people who say they can predict and many theories that say you can such as Elliot wave, Fibonacci and Gann.
They argue that as human nature is constant so the markets must be as well.
However if you think about it this logic is obviously not true, because if markets were predictable with science, we would all know the answer in advance and there would be no market.
Markets move based upon uncertainty and while human nature is constant, it is not predictable with science - trading is a game of odds not certainties.
If you want to win you trade the reality of price change and don't try and guess in advance.
For example if you see a market testing a level of resistance you do not simply enter a trading signal - if you do you are trading against the trend and you could be wrong.
Instead you wait for prices to test resistance and wait for prices to turn back the other way.
Sure you miss the turn - but you couldn't predict that anyway, so there is no point trying!
How do you know when to trade.
The secret of correct market timing is using momentum oscillators. There are many you can use and three of the best are: RSI, ADX and the stochastic indicator.
We don't have time to go through exactly how they work here simply look at our other articles and make them part of your essential forex education.
The key advantage they give you with your forex trading strategy is they allow you to gauge shifts in price momentum. You can use these shifts, to allow you to trade the reality of a price change to achieve better market timing and more forex profits.
Practice Competition
Sigma Forex Ultimate Forex Monthly Champion
Interested clients who wish to take part in this competition shall send a request via email at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Attached with the following information:
- Full name
- Phone number
- Current valid passport or government issued photo ID
It begins at the beginning of each month.
After recieving your request we will provide you with further details and with your Practice account login information which will be used in the trading contest.
Also you have to download Sigma Forex Platform to login with the account number and password after receiving them.
SigmaForex - Currency Trading is Easy to Learn But Most Fail Why?
If you look at the adverts online there all about how easy it is to learn currency trading and it is - ANYONE can do it but paradoxically 95% of traders get wiped out so why is this and how can you avoid the errors of the majority?
Let's look at the reasons why most forex traders lose. The first reason is they believe forex myths and here are the main ones:
- You can predict forex prices
- You can follow a forex robot with a simulated track record and make money
- You trade news stories
- You can day trade or scalp the market for regular profits
- You take expert advice
- You believe the markets move to a scientific theory
Believe any of the above and you will kiss goodbye to your equity.
Now let's assume you don't believe any of the above, you're sensible, level headed and want to win now, you still have one major obstacle to hurdle:
Applying your forex trading strategy with discipline.
Discipline is really what sets apart the winners from the losers.
Its talked about a lot - but most traders don't realize how hard it is ( until they do it ), to keep executing your trading signals when your losing and the market makes you look a fool - its hard, very hard.
Most traders lack the discipline to keep their losses small - but have even more problems accepting big gains. Again, this may sound like a paradox - as we all want big gains.
So why can't we accept them?
Let's look at an example:
A trader gets a profit and is pleased and the bigger it becomes the more he wants to take it "before it gets away" what happens open equity eats into his open profit and it becomes too much, he moves the stop up to close and gets taken out the market by random volatility.
What happens next?
The position goes back the way he though piling up huge profits and the trader's not in, because he didn't have the discipline or courage, to hold the position and accept short term losses to get the bigger prize.
Look at a forex chart and you will see forex trends last for weeks, months or years and many can make you tens of thousands of dollars for you on a small deposit - but you must have the discipline to lock into them and hold them - its hard - but it can be done.
You need a robust simple forex trading system you have confidence in which you have the courage to apply with discipline.
Sigma devotes serious effort to serve the emerging retail segment of the Forex community. Its commitment to providing an excellent customer service, innovative currency trading technology, and dealing practices, establishes Sigma as a notable force that traders look forward to for an advanced Forex charting, Forex news, and fund safety.
Customers funds deposited with Sigma, are held and maintained separately in separated trading accounts at our partner banks. Sigma also provides its customers a variety of account plans, and services to choose from when creating or adjusting a profile.
The professionals at Sigma are dedicated to providing the guidance you need to accomplish your investment objectives.
Wednesday, September 24, 2008
SigmaForex | Trading Deadly Sins
The professionals at SigmaForex are dedicated to providing the guidance you need to accomplish your investment objectives.SigmaForex will guide you to the most common mistakes that could cause you huge losse in trading forex.
1) Traders become long term Investors
How often have you heard of people saying, that they are still straddling on to their losing position in Forex trading, while hoping that the market will make a U-turn in their direction? This happened to most Forex amateurs who may find it too painful to cut small losses and get out of their trades. They are either holding on a position too large or having a large ego to admit that they are wrong. Eventually they will grow tired of watching the prices go too much against them, that they just leave their position hanging there.
Many amateur traders deny their loses, just like an alcoholics deny their drinking problems. There is a stark of parallel between an alcoholic and a trader whose account is being demolished by losses. They nurse the fantasy of being able to control their losses, however, nothing will ever change with their self-denial nature.
2) Cheap become Cheaper
This is a very common mistake, and those who commit it do so by comparing the current price with the 52-week high of the currency. Many people using this gauge assume that a fallen share price represents a good buy. But the fact that the currency price happened to be at a highest price of the decade. That's why it pays to analyze why the currency has fallen.
Deteriorating fundamentals and increased interest rates are all possible reasons for the weakening of currency - but they are also provide good reasons to suspect that the currency might not increase anytime soon. It is important always to have a critical eye since a weakening currency might be a false buy signal, avoid buying currency that simply look like a bargain. In many instances, there is a strong fundamental reason for a price decline. Do your homework and analyze the currency's outlook before you invest in it.
3) Picking High and Low
Many started trading Forex without knowing the nature of the market. Unlike the stock market, Forex is very trendy financial instrument and the trend may continues for over a period of few years.
Most traders like to be the first one to pick either the high or the low of the market, and they may describe to you the thrill they get from being right are equivalent to flying a plane. However in the Forex market, it favours more on continuation rather than reversal. To be truly profitable in the Forex market, extra cautious need to be taken for initiating a reversal trade.
4) Presuming or Predicting
Many amateur traders gambled on hunches and use it to make their trading decisions. Or you may hear your relatives or friends talking about a currency that they heard will get a bull rush, because the economy of that particular country is good. Even if these things are true, they do not necessarily mean that that currency is "the next big thing" and you should run to the nearest phone to call your broker.
Other unfounded tips come from trading professionals on internet who often tout a specific pair of currency as though it's a must-buy but really is nothing more than the flavor of the day. These currency tips often don't pan out and go straight down after you buy them. Remember, buying on media tips is often founded on nothing more than a speculative gamble.
SigmaForex Give You Forex Trading Reasons
SigmaForex devotes serious effort to serve the emerging retail segment of the Forex community. Its commitment to providing an excellent customer service, innovative currency trading technology, and dealing practices, establishes SigmaForex as a notable force that traders look forward to for an advanced Forex charting, Forex news, and fund safety.
Online equities and futures trading have enjoyed exponential growth and widespread notoriety over the past few years in Asia; online currency trading is only now gaining popularity among active traders. Until recently, large international banks dominated the foreign exchange (FX or Forex for short) market, only allowing access via telephone trading to a select few such as large Multi National Corporation, high-net worth individuals, and so on. But now, the tide has turned and finally there are established online trading firms that provide individual investors with direct online access to the largest, most liquid financial market in the world.
Trading opportunities in the Forex market deserve serious consideration as a diversification strategy for your portfolio. Only few traders consider expanding into Forex. Why? The reason may be in the simple fact that in Asia, investors tend to be underexposed to foreign exchange. Unfamiliarity typically breeds misconceptions, and foreign exchange in Asia is no exception.
Forex a Risky Business?
Is Forex as risky as everyone thinks? One way to measure risk is to compare a financial product's risk/reward ratio. If you take the time to compare an investment in Forex to common investments such as equities and fixed income, you will find that from a risk/reward standpoint, Forex investments provide respectable returns and should be considered a viable portfolio diversification tools.
As you can see the claims on some Forex web sites, implying that FOREX is a risk-free pastime. No investment is risk-free.
In Forex you are trading substantial sums of money, and there is always a possibility that a trade will go against you. With essential education, Forex trader can learn how to trade profitably and minimize losses.
Common Misconceptions of Forex
Many investors unfamiliar to Forex market may have some misconceptions about the Forex market. One of the most common myths interprets Forex trading as a higher risk component than other investment alternatives. All financial markets involved risks, and only with substantial level of education you are able to minimize the risks and profit consistently.
The Forex market is like any other financial market and technical analysis does translate well into Forex. Many technical indicators that are used in other financial market can be apply and profit from the Forex market.
Conclusion
More than one trillion dollars a day transacted in the Forex market, an estimated 95% comes from speculative trading. While large international banks are responsible for the majority of this volume, there are retail investors all over the world trading Forex on a daily basis. Without a doubt, investors in the US are behind the curve with regard to learning about and participating in this market. Active traders who appreciate liquidity, strong technical indicators, and a multitude of short-term trading opportunities will find the Forex market especially appealing. But at the very least, trading the forex market deserves serious consideration as a diversification strategy in anyone's portfolio.
SigmaForex | How To Choose your Broker
The Forex market is not exactly regulated by a central governing body. It is pretty much a free market though each country where the broker operates from does regulate their business activities. So there are certain golden rules you might want to abide by that would improve your probability of finding a trustworthy Forex trading broker that offer reasonable charges.
1. Request for references so that you can get in touch with them.SigmaForex offers you a very strong support that you can contact with 24/7.
2. Some countries do have certain regulatory agencies set up to regulate the businesses of Forex trading brokers based there. Take for instance in US, you can call up the Commodity Futures Trading Commission (CFTC) to see if your prospect is registered as a Futures Commission Merchant (FCM) and the National Futures Association (NFA) as a member. See if they have a clean record.
SigmaForex is a registered financial institution, and registered with the European registration authorities. The regulations set out into notice by these agencies are created to help ensure the safety of our clients’ deposits.
3. Make a comparison of account specifics like the minimum required deposit to open an account, spreads, commissions and the like. Be sure to find out if they have other charges like lot fee and so on. It is always good to deal with brokers who are transparent with the costs of trading with them. Sometimes, the so-called "lowest spread" dealers are not the most reliable ones because of hidden transaction costs.
4. The trading platform that is provided would need to be easy to use. There are two versions, one using downloadable trading software and the other web-based. Some interfaces are so hard to comprehend that most first-time traders give up very quickly. If there is a Practice account, you can sign up and try.SigmaForex offers you A Free Practice Account which is a great way to experience the Forex market without risking any money. Open Now A Free $ 500'000 Account With SigmaForex and discover a whole new way to invest.
5. Requoting is one huge loophole in the foreign exchange trading business that works against you. The Forex trading broker may requote the currency pair rates meaning that you purchase it at one price but is charged at a higher rate and vice versa when selling a currency pair.