Post No. 35

For those that are looking for an exciting way to invest - Forex definitely delivers. Forex stands for foreign exchange and it is the world’s largest financial market.
Forex is quite different from investing in the NYSE or NASDAQ because Forex takes place at dozens of locations all over the world. In fact, most traders are day traders that trade from home. While this form of investing can be risky, it can be extremely profitable. Forex trading occurs 24 hours per day (except on weekends). One of the things that make Forex unique is that you aren’t buying a currency or selling a currency, you are actually trading one currency for another.
While Forex seems very easy at first, it can be extremely complicated and risky. There are tons of tools online that can help you climb the steep learning curve and for those that do, it is possible to make a very, very good living.
Forex is an interesting investment for some because of the amount of leverage one can have. Some Forex trading brokerages allow their member accounts to leverage the amount of currencies they purchase by 10, 25, 50 times or more. This means with an initial investment of $1K, you can theoretically control over 50K of currencies in some situations. While this can lead to large profits, it can also lead to financial ruin if you make the wrong decision on a trade. One of the ways that many investors learn to trade Forex without risk is to use the systems simulation platform. Many Forex brokerages have a simulation platform that is identical to the normal platform and uses current, real world data. This way, if you are just starting out and make a mistake on the simulation, it won’t cost you a dime.
Forex can be extremely fast paced. While many investors are those that are day traders looking to make a quick buck each day, others trade for the long term, looking for long term trends that are much less riskier and can return much more than a day trade. Whatever your strategy, Forex can be an excellent way to invest. It should be noted that almost anyone can trade from their computer and with a limited amount of investment, however before you trade, get to know the system you trade on and the dynamics of the foreign currency market.

Post No. 34

All good traders understand that every trading decision and action made, is his own responsibility. You’ll never meet a successful trader who blames someone or something else for the consequences of his trading results.You see, it’s only when you begin to accept full responsibility for your results, that you’ll rule out the convenient possibility of using excuses. After all, it’s much easier to TALK about why it’s not your fault when you make a losing trade. It’s easier to say "hey, I didn’t know there was an important economic announcement coming out tonight" rather than to go and check out the actual schedule of economic announcements for the week.You can just blame bad luck, or even blame it on the weather. But whatever your "reasons" are, they’re not going to help you trade better at all. Once you finally realize that the only way you’ll make money in Forex trading is to look out for yourself, you’ll never be a successful trader. I’m sorry for being so blunt, but it’s the truth.No one’s going to fight your battles for you. The moment you realize that you are solely responsible for your trading results, you’ll soon start looking into ways to improve it.Let me ask you: Do you actively monitor your trades using some sort of trading journal or trading log? Do you spend time looking over failed trades and whether they could have been avoided?
If you answered "yes" to both questions, great! If you’re not already a consistently profitable trader, you’re going to be one soon enough. But if you answered "no" to either question, you might want to think about how serious you are about Forex trading… there’s no middle ground here: You either work hard at it and succeed, or you continue to give "reasons" for losing your trades.
To learn more, download my free 26-page guide here: "Forex Trading Traps!" Harold Hsu is the owner of http://ForexSystemProfits.com where he provides premium Forex trading information and resources.

Post No. 33

Forex trading is a terrific way to make money at home if you do it right. The foreign currency exchange market can be a lucrative way to make money from home, and all that is needed to start is a computer and enough cash to open up a Forex account with a broker. For this business to be successful, you should have a certain amount of knowledge concerning the Forex market and trading on it.
Finding a good broker is very important when trading on the Forex market, and your broker can make or break your Forex account. Ask around, and visit several brokers before you decide on one. Remember that this person will control when to buy and sell your foreign currency and make binding legal purchases for you. Make sure you read all the contracts before you sign them with any broker. Ask the broker what market analysis tools they will make available to you to help you trade more profitably.
Read and learn all you can about trading on the Forex market before you start your home business and open an account. A good way to decide if a home business based on Forex trading is right for you is to open up a dummy account for a month and do paper trades. This will give you an idea of what it takes to be successful at Forex trading before you risk any of your capital. The more you learn about the Forex market, and how to successfully trade on it, the better you will be able to make informed decisions on important market factors.
The Forex market has trading hours twenty four hours a day, and there are four major trading centers. These are Sydney, New York, Tokyo, and London, with London being the busiest market with the most trades on almost all days. Each one of these centers has set trading hours, and the best time to trade is when the hours overlap, because two markets are open and there are more trades available to make a profit on.