Saturday, March 15, 2008

Where to Trade???

ONE WORLD FOREX

is positioned to attract the most diverse range of investors – from the average investor to the most sophisticated retail, fund manager and/or institutional forex trader. http://www.1world-forex.com/

MARKETIVA

With more than 260,000 serviced users, 150,000 unique and live trading accounts, and more than 2.7 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makersin the world. http://www.marketiva.com/

NorthFinance

We have been trading on the foreign currency exchange market since 2001, going from strength to strength. North Finance is registered in Belize. Its operate within the financial market in accordance with The Memorandum of Association and Articles of Association, which was given to the company by Belize International Business Companies.http://www.northfinance.com

ALPARI

Since 1998 Alpari Ltd. has been offering private investors tradingservice on the international financial markets, including FOREX, via theInternet. In 2005 Alpari Ltd. was awarded by a prestigious reward «Russian Financial Elite» as the «Best Internet Broker 2004». http://alpari.org/en/

MCFX

In 2005 the co-founders of "FxTeam" established a London basedcompany MCFX Co Ltd, who's objective is to provide a fully regulated FSAcompany service to large corporate and individual clients on the Forexmarket.At the moment the company is in the process of acquiring the FSA. www.mcfx.co.uk

Tuesday, March 4, 2008

SoMe AdVicE to StaRT TRadiNg

For profitable work on the financial markets a trader should follow the principles specified below

Forecast which way a market is expected to trend (Analysis)

There is a wide range of methods of analysis: Fundamental Analysis, Technical Analysis, Elliott Wave Analysis, Candlesticks, Tomas Demark Theory, Chaos Theory or any other. With the help of these methods a trader can forecast prices behaviour in the future.

Choose a right moment to open or close a position (Trading Strategy)

Trend identification is not enough for profitable trading. It is essential to choose the right moment to enter the market. E.g. if having identified the bullish trend you enter the market before a retreat starts, this retreat may cancel your stop order. Your position is closed. You lose money and the market reverses and goes in the direction you’ve identified.

Follow the rules of money management (Money Management)

It will decrease the risks of your financial operations. Your money management system will allow you to make deals only with the minimal risk. Do not allow your emotions to operate your account (Psychological Peculiarities of Trading). When making a decision emotions should be kept under control. Emotions are the first enemies of a trader.