Forex Platforms

By Paul Bryan

Forex trading is one of the most sought after business of today and this is reflected in its volume of business transaction. New investors are venturing into this business each day making it the worlds largest trading business. Until recently Forex was a business which saw big players like the corporate giants and financial institutions on the fray, but online Forex trading has taken the world by a storm making Forex trading accessible to one and all. Now you dont need an exorbitant sum to start trading Forex and anyone man can dare to get his/her share of trading.

With the introduction of the Forex trading platforms even novice traders can trade easily without facing much discomfort. Furthermore the platforms being automated one dont need to sit in front of the computer whole day as trading can be done by the platforms themselves. So a person having a full time job can also trade Forex without disrupting his usual working hours. The way the Forex platforms are being advertised one cant stop wondering whether Forex trading with these platforms promising instant income, is a dream or a reality!

More and more people are getting lured into making instant money with the help of the Forex platforms. Though in reality only a selected few are actually seen to be successful in the business the task isnt impossible either. If a few can make it others can do it too and the best way is to use the Forex platforms and utilize them in the right perspective.

The internet itself is a great resource for getting an idea of some of the good Forex trading platforms and a great help is surely to go by the reviews and give a trial run.

There are thousands of sites on the internet offering advice from experienced traders along with the advertisement of different Forex platforms. But it is very difficult to select a good site as novice traders do not know which one is genuine and ideal to resort to.

In a sea of websites giving information on Forex platform, more than half are just not up to the mark and unprofessional. So there is every chance of a trader being misled if not highly cautious. Till now majority of the expert traders have recommended three Forex platforms which are being reviewed as topmost in the business. For example, Easy Forex is projected as the best being followed by eTaro and Forex Yard. Their performance is being judged taking into consideration several parameters such as amount of deposits, dealing with Credit cards, type of platform, Demo account, Pip/spread value, risk measures, Leverage, and service and support.

Easy Forex is the first choice, followed by eTaro, and Forex Yard and this view has been put forth by a lot of traders. For online Forex trading it is just the beginning and hence there may be a wide communication gap. While searching the internet it may take hours or even days to get you to the most accurate of information.

With time every little detail will surely be sorted out so that people will be able to do it in a more comfortable way. So every trader in Forex should take their time and carefully select the trading platforms so that they can achieve huge success in generating instant income. - 23199

About the Author:

For independent ratings on the best currency trading platforms and for sound ratings go ahead and visit: Forex Platform Reviews

CFD Trading Strategy - Symmetrical Triangles Downside Breakout

By Jeff Cartridge

The symmetrical triangle can be traded on the short side entering the trade as the stock breaks out of the pattern to the downside. The pattern forms when the two boundary lines that contain the price movement converge to a point. The bottom line slopes up toward the top line which slopes down. Both lines have nearly the same slope as each other which is why the pattern is called symmetrical.

Symmetrical Triangles Can Be Traded Short

Symmetrical triangles provide no clear breakout direction, but 45% break out to the downside making it possible to trade on the short side. Just 44% of these breakouts are profitable and on average the profit per trade is only 0.33% over a period of 9 days. The symmetrical triangle is not one of the best chart patterns when it breaks to the downside, but applying some filters can make this pattern more attractive to trade.

Refine Your Entries

When you look at the performance of a symmetrical triangle in bearish market conditions you will see the results were stronger than they were in more bullish years. The market, sector and stock should be in a down trend or consolidating to make the best profits.

Symmetrical triangles that breakout early in the pattern, which is not many, produce inferior results to those that breakout later. The best results are achieved when the stock climbs up from the lower boundary and collapses back before reaching the upper boundary of the pattern.

Ensure that the volume is supportive of the breakout, i.e. volume as the stock falls is greater than volume as the stock rises. One last filter that improves the results is to look for the share to close lower prior to the breakout.

Symmetrical Triangles Can Be Profitable

Incorporating these simple changes when selecting symmetrical triangles to trade short, dramatically improves the results. With an average return per trade of 1.58% in 9 days and a hit rate of 47% it is possible for symmetrical triangles to be traded short successfully.

Note: Statistics for this article have been provided by Patterns Trader after analyzing over 60,000 chart patterns on the Australian market from 2000 - 2008. - 23199

About the Author:

Jeff Cartridge is a private trader and created the website LearnCFDs.com A Simple Timeless Method for Huge Gains

Triangle Formations In Forex Trading (Part II)

By Ahmad Hassam

What is the crowd psychology behind a descending triangle? Every time the currency price goes down to a certain level that forms the support there are buyers who want to hold that level stubbornly for their own reasons. Buyers thus push the price up each time the support level is tested. Spotting a descending triangle in a downtrend signals the downside breakout of the support level.

Thus when the price bounces off the support level, the bears take the opportunity to short again. Sellers are quite anxious to sell as they feel that the currency price should fall over time. This causes a domino effect. Prices go down even lower. Thus fulfilling a sustained downside breakout!

As with an ascending triangle, bulls and bears face a skirmish with both camps not feeling confident of the next market move. Spotting a descending triangle should allow you to be prepared for a downside breakout from the support level especially if it is a down trend.

Prices tend to break in the middle or the final third part of the triangle formation. Many of those long positions which have been placed above that level soon get stopped out when the support level is broken.

It tends to give off even more bearish vibes than if it is formed during an uptrend if the descending triangle is formed during an existing downtrend. Unless you have reversal signals in the form of technicals or turn around of the market sentiment, you should always assume the continuation of the prevailing trend.

However, a descending triangle should not be considered to be the final word on impending downside breakout. With that said, prices also sometimes breakout from above the descending triangle successfully in a burst of bullish momentum.

Symmetrical Triangles: A symmetrical triangle has some resemblance to a wedge pattern. A symmetrical triangle consists of two converging trendlines that join a series of lower highs and higher lows. There are no horizontal lines in symmetrical triangles. This differentiates it from the ascending and the descending triangles.

The higher lows are formed when buyers of the currency pair are willing to pay a bit more to get a piece of action. As they are willing to accept less and less of the price over time, the lower highs reflect the mildly bearish conviction of the sellers.

A symmetrical triangle tends to be less reliable as compared to an ascending or descending triangle. There is no way to predict the future breakout direction until one of the symmetrical triangle lines is penetrated. Breakouts usually occur in the middle or the final third of the triangle as with the other sloping triangles.

Decreased volatility can also be detected with the exponential moving averages and the Bollinger bands besides the triangle formation. You should always consider other pieces of information so that you can better pinpoint a higher probability trade set up when trading triangle breakouts. - 23199

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know These Forex Charts. Learn Forex Trading!

Secrets To China Stocks

By Mike Swanson

China's economic growth has continued to be astounding. With the world's biggest populations that has discovered a love of consumer items and needing accommodation the economy has hardly slowed through these tougher economic times. Investing in China is an option for many keen on harnessing emerging markets and the opportunities they present. Some ways identify the best stocks to invest in to get into China are discussed below.

The government will not allow a national company to be bought out by foreign investors and setting up your own company can be difficult. Instead joint-venture operations with a Chinese company are the only way to access the enormous market. But these deals are not without their own risks as a number of overseas investors found out last year with a baby formula tainting scandal that brought down a number of large investors.

Another option is to invest directly in Chinese companies. With a growing level of consumerism and the largest domestic population in the world opportunities for growth abound. Areas that are seeing enormous growth are wireless telecoms and construction. While this is an investment area you need to keep in mind there are a number of restrictions on foreigners purchasing Chinese shares.

Private Equity funding works but some private equity firms have chosen to avoid China. They have found that having to rely on local partners has meant they have not had the information they require or in the time frames they would like.

Property is booming in China. Growth rates simply have not stopped and construction can be seen everywhere. Many investors have focused on Beijing and Shanghai, the two main cities, but when there are other cities in China with populations of over 20 million each there are no shortage of opportunities. A continuing trend of rural drift to the cities is supporting the need to accommodation.

Investing in China is an option with many advantages and possible good returns. But like any foreign market you need to have some understanding of the subtleties and rules of that market. - 23199

About the Author:

For more on China and investing in emerging markets click here to receive our China stocks report.

Stock Market Trading

By Michael Swanson

People have always drawn an interest in stock market investing. Despite the current state of our economy many people are still turning to investment measures as a means to supplement their incomes. In fact the internet has opened up an entirely new platform in which people can invest on using stock picks.

With investing on the internet, you eliminate the middle man also known as your broker. You are able to make your own decisions about your investments and where you would like them to go. There are a wide array of different brokerage platforms that you can become apart of.

There are many different aspects that you need to look further into before you begin engaging in any type of stock market investing. One of the first factors that many people seldom bare to look at is the way that the stock market can inadvertently play with your emotions.

You need to be prepared for both the good as well as the bad sides of investing. If you give up every time a stock that you have invested in decreases in value, you will never be able to make a substantial amount of money with your investments.

It would also behoove you to gain an extensive knowledge concerning the technicalities of investing. Learning how to read basic charts and statistics will allow you to become a smart investor and not an impulsive investor. The main point of investing is to inadvertently see a return back; therefore you need to learn everything that comes with the trade.

You should also seek out as much information as you possibly can concerning a company that you are drawing an interest in investing in. Look over that companies financial reports and determine if you think it will be a good idea to invest your money in that particular company or not. After all everyone is into stock market investing in a means to earn an extra income not to lose everything. - 23199

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