Friday, November 2, 2007

Global Forex Trading The Easy Way to Make Money

Global forex trading was founded in 1997 and is today one of the worlds leading providers when it comes to forex real time trading. Global forex trading offer you the chance to deal in real time online currency trading that is making millions of forex brokers rich each day.

Global forex trading serves over 100 countries, using its DealBrook FX2 software and 24 hour market access with one of the highest levels of customer service available in the forex trading industry. With Global forex trading forex brokers have access to pricing for more than 60 currency pair and excellent analytical services from renowned experts. There are up to the minute currency news bulletins and advanced forex charts available. Global forex trading boasts that they provide the only forex trading platform that is suitable for both beginners and professionals.

Forex Trading Advantages

The forex trading market is open 24 hours a day and is today the most liquid market in the world. With forex and the available leverage strategy you can use 100 to 1 leverage which in turn reduces the need for large amounts of capital to be placed in your account. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. Another advantage of forex trading is of course the fact that it is global and there are not restrictions placed on shorting which means that you can enjoy your profit opportunities no matter what the market condition.

Prior to reading this information you may have assumed that forex trading was only available for large investors but thanks to Global forex trading smaller transactions are now available which allows all traders to take part giving everyone the opportunity to profit from forex trading. Dont you think its time you started profiting?

Our mission is to gather all Forex info on one place. Find it only on the Forex trading strategies and info website. All about forex trading on LeanderNet -

The Forex Trader Failsafe Checklist

The Forex market can lure the novice Forex trader into trading scenarios that appear very attractive at first glance but turn very quickly into a losing trade.

Many a Forex trader will relate to this experience:

  • Price has been in a consolidation channel for one or two hours.
  • You place an entry order to get taken in at the top or bottom of the channel.
  • Within a few minutes your trade is in and within a few minutes more you are looking at a loss of -10 pips, then -15 pips, and then your stop gets taken out.
  • Price hardly moved for hours but as soon as you got into a trade you were taken out within minutes for a loss leaving you bewildered and muttering, "What happened?"

In the early stages of gaining trading experience, it is good for the novice Forex trader to go by a checklist every time before entering a trade until certain habits become ingrained.

Just having a procedure in place that has to be executed before pulling the trigger on a trade can prevent the Forex trader from quickly entering a trade just because there are some sudden movements on the screen and the trader is worried about missing an opportunity.

Yes, disciplining oneself to take time and go through a checklist first may mean missing some good opportunities occasionally. On the other hand, it will prevent having losing trades frequently.

For a very cautious approach to trading the newer Forex trader can use this Failsafe Checklist to determine whether the potential trade setup is likely to be high probability or low probability.

FailSafe Checklist

Avoid Going Long If:

  • There is negative divergence on MACD on the 4 hour, 1 hour, or 15 minute chart.
  • MACD on the 4 hour or 1 hour chart is pointing down.
  • Price is well above the Central Pivot Point for the day in a Sell Area. (For a free pivot point calculator go here:
  • Price is below the 200 EMA (Exponential Moving Average) on the 4 hour and 1 hour chart but above the 200 EMA on the 15 minute chart. (With this setup on the 3 times frames price is bucking the overall trend and can turn against you at any time.)
  • Price is above a Fibonacci 50, 62, or 79 retracement (calculated from the last high and low)
  • Your stop is not below multiple layers of support such as a significant previous high or low, pivot point, or Fibonacci level.

Avoid Going Short If:

  • There is positive divergence on MACD on the 4 hour, 1 hour, or 15 minute chart.
  • MACD on the 4 hour or 1 hour chart is pointing up.
  • Price is well below the Central Pivot Point for the day in a Buy Area.
  • Price is above the 200 EMA on the 4 hour and 1 hour chart but below the 200 EMA on the 15 minute chart.
  • Price is below a Fibonacci 50, 62, or 79 retracement (calculated from the last high and low)
  • Your stop is not above multiple layers of resistance such as a significant previous high or low, pivot point, or Fibonacci level.

The Most Important Lesson Of All

Implementing this Failsafe Checklist strategy may reduce the number of trades the Forex trader participates in. However, here an important lesson is learned - patience! Waiting for a high probability setup can make many demands on a Forex trader's mental resources and emotional strength.

This is probably the most important lesson the new Forex trader will have to learn. Using a Failsafe Checklist like the one above can make the Forex trader slow down, engage in thorough analysis using the technical indicators available, and really start to make progress as a trader.

Why not print off the Failsafe Checklist and keep it beside the computer for consultation before pulling the trigger on any trade?

For additional tips on using the MACD indicator for safe trading click here:

The powerful 200 EMA strategy - easy for developing traders:

For a free pivot point calculator, Fibonacci calculator and the best free economic calendars click here:

How Genuine Are Online Savings?

When buying goods online are we buying genuine bargains or being suckered in by a marketers ploy?

Buying online is a big saver over traditional shops as retailers save on overheads of stores and staff and can bring to the consumer brand goods at dramatic savings.

Larger online suppliers with massive buying power can often beat the small firm on price as well as delivery and service making the end buyer well pleased.

Buying brand name products for sure offers massive discounts but buyers need to be sure they deal with established and reputable suppliers - a 75% saving means nothing if the goods never arrive.

Presenting discounts can be offered in several ways and not all are as genuine as they may seem

20% off today only (tomorrow it may be 30% off!!)

50% off (for all orders over 100 USD - in very small print)

Buy 1 get 1 free ( is 50% off but sounds a better deal )

Buy 2 get 1 free (33% discount but FREE is a strong attraction)

Offer closes xxxxx (only to be replaced by another deal, or a later date)

Massive clearout sale ( prices are not reduced much, or are end of line, damaged, returns etc)

Buying by auction has many attractions too where second hand goods are resold on a bidding system when the highest bid wins. Since goods are often being sold by private advertisers quality and delivery must be suspect unless the seller has a high feedback rating which takes time to build.

Many online retailers use a DROP SHIP method of supply, in that they carry no stock themselves but pass on orders to the actual supplier and stock holder who ships the goods direct to the buyer. Any complaint may be hard to pin down and the buck may be passed from seller to supplier - read the terms of business for all suppliers whom you have never dealt with before.

In recent times the ultimate in online savings are to offer goods using a swap or trade system especially for used items. Under this system you swap YOUR surplus item with another of the sites members who wants what you have and they in turn have what you WANT. Until the site has a large stock of offers matching needs with wants may be a problem.

An alternative proving popular is trading for points - you set your item for a number of points and earn a credit for a trade with another of the sites members. Then later you can SPEND your points on "buying" something you want - bonus points can also be earned by referring members to the system or you can "buy" points. All it costs buyers is postage so the buyer gets goods as such for free. "Sellers" need to take the plunge with offering goods as such for free until they build up a credit points balance they can then spend.

In the end saving is no saving at all you are usually SPENDING MONEY in one way or another - even a 85% costs you 15% - so make sure you buy only what you need, rather than just because it was cheap, and on an "unrepeatable deal".

Maurice S Clarke is founder of the wearable goods trading web site and lives in Rugby, UK. This article may be freely republished provided it remains intact.