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	<title>Forex Tycoons</title>
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	<link>http://www.forextycoons.com</link>
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	<pubDate>Tue, 26 May 2009 20:21:42 +0000</pubDate>
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		<title>Forex Mutual Funds</title>
		<link>http://www.forextycoons.com/tutorials/tips/forex-mutual-funds/</link>
		<comments>http://www.forextycoons.com/tutorials/tips/forex-mutual-funds/#comments</comments>
		<pubDate>Tue, 26 May 2009 17:54:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Tips]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=319</guid>
		<description><![CDATA[Most of the mutual funds don’t make much money and 90% can’t even cross the index. If you can compound 10% annually consistently then you’re doing well, but this is hardly worth it when you take into account the inflation.
If you&#8217;re beginner to investing, it can look confused. But it doesn&#8217;t need to be. This [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/pig.jpg" alt="mutual funds" title="forex mutual funds" width="203" height="207" class="alignnone size-full wp-image-320" /></div>
<p>Most of the mutual funds don’t make much money and 90% can’t even cross the index. If you can compound 10% annually consistently then you’re doing well, but this is hardly worth it when you take into account the inflation.</p>
<p>If you&#8217;re beginner to investing, it can look confused. But it doesn&#8217;t need to be. This is part a learner&#8217;s guide to investing.</p>
<p>Your investment strategy will mostly depend on how much money you want to put to work.<br />
A few options: $100 a month or more, with no lump sum: It may not seem like a lot, but even minimum regular investments in mutual funds or exchange-traded funds can add up.</p>
<p>A lump investment of less than $10,000: You have lots of options in this range, as many mutual funds have minimum-investment options of $500 to $2,500. The key is to make sure all your eggs don&#8217;t get piled up in one basket. Invest in different types of stocks or mutual funds. If the local country stocks aren&#8217;t doing great, then your holdings in international stocks or real estate may keep your overall portfolio afloat.</p>
<p>The Forex is extremely volatile trading in foreign currencies. Every day over $ 2 trillion currency is traded in this largest liquid market. This high voltage liquidity may prove touch for small traders &#038; so looking forward to invest in Forex mutual funds. A Forex mutual fund is as similar &#038; behaves like any other mutual fund. </p>
<p>Rather trading on the currencies, the traders can invest in these mutual funds that reduce their complexity &#038; at the same time have lesser risk though having margin for extreme profits. The traders need not worry &#038; put in their focus the whole day on the buying &#038; selling of currencies. Stability of investing money in Mutual funds is more as they are being managed by large firms and fund managers. </p>
<p>Before selecting a mutual fund, do some research? One should gather the documents &#038; read through the risks &#038; services offered by the fund. The Fund owner, past performances should also be known. After gathering some of this information, you can then choose the mutual fund where you can put your investments. As a beginner, invest less in the funds &#038; then if it&#8217;s safe can proceed further in increasing the investment limit. </p>
<p>Nowadays, the Forex mutual funds are being marketed with a new concept that is multi-level marketing. In this concept, the mutual fund investors can also earn commissions by referring people to invest in the fund that you have taken. This opportunity has floored &#038; attracted most of the Investors. The advantages of this scheme are, </p>
<p>1. High returns per month, based on the amount of money invested.<br />
2. Flexible investment options starting from $500 to $2500.<br />
3. The minimum locking preferred for each option is 1, 3, 6 months.<br />
4. One can earn a commission by referring others.<br />
5. One need not make any investment for joining the referral scheme<br />
6. A manual or document shared that explains a lot of strategies for trading online cleverly.<br />
7. The investors are required to make only a one-time investment of $70 US dollars. </p>
<p>Well, so is this not a safe bet. Investing a small amount in the mutual fund &#038; at the same time earning some by referring to others. If one invests $1000, then chances of making $2000 in a year are certain. Those waiting for the big opportunity to invest in Forex &#038; have a safe &#038; risk free investment, we suggest on investing in Forex mutual funds &#038; at the same time earn the commission for doing some multi level marketing. Happy Earning! </p>
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		<item>
		<title>Forex for Dummies</title>
		<link>http://www.forextycoons.com/tutorials/the-basics/forex-for-dummies/</link>
		<comments>http://www.forextycoons.com/tutorials/the-basics/forex-for-dummies/#comments</comments>
		<pubDate>Tue, 26 May 2009 17:36:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[The Basics]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=312</guid>
		<description><![CDATA[Many people, particularly in the recent economic scenario, think that the easiest way for making some money is to start trading on the Forex market. However, one should know that FOREX trading currency has high risks and unless you know exactly what you are doing,  is a quickest way to lose money. So to [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/learn-forex.jpg" alt="learn-forex" title="learn-forex" width="261" height="178" class="alignnone size-full wp-image-315" /></div>
<p>Many people, particularly in the recent economic scenario, think that the easiest way for making some money is to start trading on the Forex market. However, one should know that FOREX trading currency has high risks and unless you know exactly what you are doing,  is a quickest way to lose money. So to understand what FOREX is all about or hw to start or do the trading? Etc. We need to have a clear idea. Let me highlight more on it here.</p>
<p>Forex is the process of buying and selling of foreign currencies. Initially it was the field of the big banks, but now anyone having some investment and a fast internet connection can enter into this trading. The simple idea is to buy another currency at low value and sell at higher value in order to make a profit. In order not to be a loser you need to really know the fundamentals of the trading and know what you are doing and this is we are sharing some suggestions here.</p>
<p>As a beginner in Forex Trading &#038; also the starters, one should know some key important factors of the Foreign Exchange Market like these - Forex Technical Analysis, Forex Trading Psychology, Forex Fundamental Analysis, and Money Management &#038; Forex Brokerage. Let us discuss in brief what they are all about since by knowing &#038; mastering all these aspects of For-ex trading, one can plan &#038; organize better at the time of trading. </p>
<p><strong>Forex Technical Analysis:</strong><br />
With the technology era, things have become faster, accurate &#038; reliable. The FOREX also does the market analysis using technology to retrieve &#038; view the charts, quotes, past market data, supply &#038; other indicators that may be simple or complex. </p>
<p>For successful trading in FOREX, these charts &#038; figures help the traders a lot creating a dependency factor on it. One can gain further knowledge on areas like the charts, the candle sticks &#038; other area derived with technical analysis for better trading. </p>
<p><strong>Forex Trading Psychology:</strong><br />
Human Psychology sometimes behaves like a car out of control even having an efficient driver at the seat. On one instance you show confidence &#038; on the other instance you show defeat &#038; lack of confidence. Such emotions are manageable at certain occasions but when it comes to trading, one needs to control the mind &#038; make the move.</p>
<p>The first tip for successfully trading in Forex is not mastering the Trade, but master &#038; controls the emotions.</p>
<p>A cool state of mind needs to be there all the time that gives you time to take correct decisions control the greed or get overexcited. Not to take a hasty decision by simply following the forecasts.<br />
<strong><br />
Fundamental analysis :</strong><br />
Concepts in trading like interest rates, bank meetings, macro economic news, forecasts all are the part of fundamental analysis used in the Forex. This is regularly followed in the process or market analysis. </p>
<p><strong>Money Management in Forex:</strong><br />
A set of complex rules are developed by a trader with the amount of money invested by him leading to a proper money management which plays a major role in gaining profits in FOREX. </p>
<p><strong>Forex Brokerage:</strong><br />
The First thing or requirement for a Forex Trader is the vital tool called the Forex Broker maybe online broker who will provide regular up-to-date market information &#038; process the transactions done. One should choose a broker who is professionals, available all the time, takes less commission, provides value quotes, etc. </p>
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		<item>
		<title>Few Things to be Known on Forex</title>
		<link>http://www.forextycoons.com/tutorials/the-basics/few-things-to-be-known-on-forex/</link>
		<comments>http://www.forextycoons.com/tutorials/the-basics/few-things-to-be-known-on-forex/#comments</comments>
		<pubDate>Tue, 26 May 2009 17:15:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[The Basics]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=307</guid>
		<description><![CDATA[Understanding the fundamentals of Forex Trading will help you make a lot of cash in the FX trading market. There are some things that you can do now that will help you gain money. So, what I&#8217;m going to do is share some basics of Forex trading. That way, you will be able to make [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/forex.jpg" alt="forex" title="forex" width="211" height="240" class="alignnone size-full wp-image-310" /></div>
<p>Understanding the fundamentals of Forex Trading will help you make a lot of cash in the FX trading market. There are some things that you can do now that will help you gain money. So, what I&#8217;m going to do is share some basics of Forex trading. That way, you will be able to make a ton of cash in the FX market. </p>
<p>In a Forex trading venture, the foreknowledge and preparation are the keys to success. Without this, the attempt to make a profitable financial decision can end up in disaster and failure, regardless of your level of confidence and motivation or the amount of money that you planned to invest. Those who were successful in the FX trading market have gone through a trading course to gain the skills and knowledge needed to successfully trade in this large liquid and financial market. </p>
<p><strong>Where is the Forex Market Located? </strong><br />
Forex is not centralized exchange as like Stock and futures market. It is considered interbank market or Over the Counter since transactions are done via telephone or any other electronic network. </p>
<p><strong>Who are the participants in FX Market? </strong><br />
The FX or Forex market has been ruled by Central banks, investment banks &#038; other financial institutions. There has been an addition of money managers, money brokers, traders, MNCs that has increases the percentage of players in the FX Market. </p>
<p><strong>When is the Forex market open for trading? </strong><br />
Open for Trading? Forex is a 24 hour market. The Day for trading starts at Sydney, then leads to Tokyo, London &#038; finally end at New York. The other market is not running round the clock, they have fixed business hours. </p>
<p><strong>Is trading in FX Market expensive? </strong><br />
Well, the answer is a straight No. One can start trading with as low as $250 allowed by most of the brokers. </p>
<p><strong>Define Margin? </strong><br />
Margin in FX Market allows the traders to handle he leverage by a small fraction of the necessary equity that is required to fund the trade. The usual margin allowed in equity market is 50% that enables the investor to have doubled the buying power. Leverage has a range of 1 to 2 % in the Forex market that gives the investors perform active trade. </p>
<p><strong>Explain,&#8217;long&#8217; or &#8217;short&#8217; position? </strong><br />
When a trader buys currency at one cost &#038; sells to other at higher price, such situation is called long position. Here the investor benefits a lot due to the rising market. On the other hand, a short position arises when the trader. Sells the currency assuming that it will come down in the future. Here too the investor gets some benefit. In a Forex cycle, every investor passes through the phase of long and short position. </p>
<p><strong>Explain the difference between Overnight position and intraday? </strong><br />
Overnight positions are arisen at the end of trading time &#038; this is normally rolled over to the next trading day by the Forex broker based on the price. Intraday positions arise any time at the opening or closing during any normal trading day.</p>
<p><strong>How to we determine the currency prices? </strong><br />
Varies Economic or political conditions, inflation, interest rates affect the currency prices of a country. Even the government also tries to create an impact on the currency value by flooding the FX market with a lot of domestic currencies that will lead to lowering the price. Such states cause high volatile market. </p>
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		<title>FAQs in Forex</title>
		<link>http://www.forextycoons.com/tutorials/faq/faqs-in-forex/</link>
		<comments>http://www.forextycoons.com/tutorials/faq/faqs-in-forex/#comments</comments>
		<pubDate>Tue, 26 May 2009 17:07:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=302</guid>
		<description><![CDATA[With over $1.4 Trillion traded daily, the Forex market stands out as the largest financial market in the world currently. Still, it is an unfamiliar territory to common people and amateur investors. If you are a fresher or a pro and would like to refresh your knowledge on the Forex market. 
Today, the Forex has [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/robot.jpg" alt="robot" title="robot" width="150" height="260" class="alignnone size-full wp-image-291" /></div>
<p>With over $1.4 Trillion traded daily, the Forex market stands out as the largest financial market in the world currently. Still, it is an unfamiliar territory to common people and amateur investors. If you are a fresher or a pro and would like to refresh your knowledge on the Forex market. </p>
<p>Today, the Forex has become one of the largest trading markets for Foreign Exchange for traders &#038; investors. Once upon a time it was ruled by the big banks &#038; other financial institutions. But today it&#8217;s inviting lots of small investors, beginners to try their hands in the trading market. But before all these, one should be having lots of queries or FAQs in their minds.<br />
We have summed few FAQS &#038; mentioned relevant answers below. </p>
<p><strong>How does the FOREX Market vary from other markets? </strong><br />
Most of us come across this question frequently or might have asked lot of times. First Forex is a liquid market unlike those trading of stock, bonds. Next, Forex is not controlled by anybody &#038; trading runs all the time. It is the biggest liquid market in the World where all the members trade based on Currencies. </p>
<p>At a first look to Forex, the process may seem confusing or different from the regular trading done in the stock exchanges. Here, in Forex, the traders or investors will compete and also co-operate with each other. They can become the members of the NFA, i.e. National Futures Association. </p>
<p><strong>IS there any Commission in FX? </strong><br />
For all those investors who are involved in trading like in the Stocks, have to use the services of a broker for doing the transactions. For utilizing those services, they need to pay the service fee or commission. When it comes to Forex market, there is no such service fee shelled out for the transactions but the agents will get their percentage or commission through the Buy &#038; Sell that happens. Bid or Sell is commonly performed by every investor in the Forex Market. </p>
<p><strong>What is meant by pip? </strong><br />
The smallest increment of trade is called pip in Forex. The prices in Forex market are quoted at 1/4th Decimal Point a change in that decimal point is taken as pip value. Except Yen, all other currencies are valued at pip.</p>
<p><strong>What are you really selling or buying in the currency market? </strong><br />
The Answer is nothing, we are just trading the currencies &#038; the profits and losses generated get reflected to your account. The main purpose of FX market is to provide a platform in order to exchange of currencies between different countries by small investors, large financial organizations, etc.All the trading depends on the currency pairs like EUR/USD or USD/EUR. </p>
<p><strong>How many currency pairs are there? </strong><br />
The most traded currency pairs are the Euro/Dollar, Dollar/Franc, and Pound/Dollar &#038; Dollar/Yen. These pairs account for more than 90% in the Forex Market. Completely we have total 18 pairs. </p>
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		<item>
		<title>Frequently Asked Questions - Part 2</title>
		<link>http://www.forextycoons.com/tutorials/faq/frequently-asked-questions-part-two/</link>
		<comments>http://www.forextycoons.com/tutorials/faq/frequently-asked-questions-part-two/#comments</comments>
		<pubDate>Tue, 26 May 2009 16:26:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=296</guid>
		<description><![CDATA[How to invest in the stock market?
The stock market was one such program that has been a great profitable resource. One has to analyze the market data in real time round the clock to find trends and cost-effective investments.
How to find competent Forex Trading software?
An automated system can be a success in the Forex market [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/faq.jpg" alt="faq" title="faq" width="238" height="160" class="alignnone size-full wp-image-299" /></div>
<p><strong>How to invest in the stock market?</strong><br />
The stock market was one such program that has been a great profitable resource. One has to analyze the market data in real time round the clock to find trends and cost-effective investments.</p>
<p><strong>How to find competent Forex Trading software?</strong><br />
An automated system can be a success in the Forex market .One may get burn their fingers on getting a fraud .One simple way to detect fraud is those who promise to win after placing the trade. Forex trading systems have high risks and also reward professionals if working fine.</p>
<p><strong>How to read Forex charts?</strong><br />
When you are first starting to trade, understand to know the currency pairs, which means a pair of EURUSD is between the Euro and the U.S. Dollar. EUR is the base currency. For example, if EURUSD exchange of 1.1184 means the 1.1184 U.S. dollars per Euro.</p>
<p><strong>When does Forex open?</strong><br />
Most of the Forex Trading is in European markets. New York is the second largest foreign exchange market. Opening Starts at New York and closes at London.</p>
<p><strong>How to find support and resistance in Forex?</strong><br />
The foreign exchange market moves steadily upwards, then off again. During this cycle, various opinions from experts are available on the site for support and resistance. It is highly recommended to use trend lines.</p>
<p><strong>What are pips in Forex trading?</strong><br />
You can earn money when the pips profit. In general, if an operator puts a lot on trade, one pip movement for market production made a profit of $ 10.Assess the value of seeds and thus the gains or losses from trading by the number of lots in the trade. </p>
<p><strong>What does Forex trade mean?</strong><br />
Forex is the currency exchange. It is the largest financial market in the world. Foreign exchange market is many times greater than the equity markets.Forex exchange rate is where the money of a nation is exchanged with others. The most popular currency pairs in the foreign exchange market are &#8220;Euro Dollar&#8221;.</p>
<p><strong>How do big banks trade Forex market?</strong><br />
Forex is the exchange of currency to currency of another country. Big banks and companies trade with large amounts of capital for speculation on currency fluctuations. </p>
<p>The banks earn money, because they know the various currency pairs are at different times of day. Currencies are traded 24 hours a day. Sometimes it can be very volatile. This knowledge is used by the major banks to earn money and take advantage of currency fluctuations.</p>
<p><strong>What is a pip in Forex trading?</strong><br />
&#8220;Pip&#8221; stands for &#8220;percentage point&#8221; and is the lowest price for a currency. This is the last decimal place in exchange rates or currency pair. Pips are very important because it is assumed at a time gain or loss is calculated.</p>
<p><strong>What time is the Forex market?</strong><br />
The time is one thing that really gives success in the foreign exchange market, and it is therefore important to know the best time for trading in the foreign exchange market when it is not volatile. There are some important elements of the Forex market, which will also determine that it is not the best time for trading on the foreign exchange market.</p>
<p>The functioning of the foreign exchange markets in round the clock that is 24 hours. It starts from Sunday 5pm EST to Friday 4 clock EST and then go to 5 clocks EST. After that it is Forex New Zealand and then will be followed sequentially by Australia, Asia, Middle East, Europe and America. The most important foreign exchange market is without doubt the United States and the United Kingdom. They represent more than half of all transactions on the market.</p>
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		<title>Frequently Asked Questions</title>
		<link>http://www.forextycoons.com/tutorials/faq/frequently-asked-questions/</link>
		<comments>http://www.forextycoons.com/tutorials/faq/frequently-asked-questions/#comments</comments>
		<pubDate>Tue, 26 May 2009 00:58:42 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=290</guid>
		<description><![CDATA[How to invest in the stock market currency exchange and in the Forex trading guide online?
In securities markets, gain or loss is based on the movements in the price. Investments in foreign currencies are bit different. Small changes as small as a tenth of point can affect your account. For experienced investors, it’s a fun [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/faqg.jpg" alt="forex faq" title="forex faq" width="238" height="160" class="alignnone size-full wp-image-305" /></div>
<p><strong>How to invest in the stock market currency exchange and in the Forex trading guide online?</strong><br />
In securities markets, gain or loss is based on the movements in the price. Investments in foreign currencies are bit different. Small changes as small as a tenth of point can affect your account. For experienced investors, it’s a fun and rewarding experience.<br />
Moreover, foreign exchange markets are more stable than stock trading can that lead to losses in a night. There are advantages in foreign currency like negotiations during ups or downs. With accuracy, investments double soon.<br />
<strong><br />
How to trade Forex?</strong><br />
The FX market is complex and requires training and experience to get success. Beginners learn the fundamentals, how it works, the concepts and theories. The lessons are the first step to a dealer, the oldest and the success of dealers. This allows beginners to see the market from different angles and plan their business strategy.</p>
<p><strong>How safe is it to invest in stocks or Forex trading?</strong><br />
The main goal of people is to earn money and draw returns on their investments. Most of them do not have the details on the market for shares, and so were reluctant in this sector to invest. One should know at what time to invest and the time to close. Even the smallest mistake can drain all your investments.</p>
<p>Sometimes even if you have your faith to a broker or consultant in such a facility &#8220;prestigious&#8221; firms on Wall Street, without a doubt, your money that was invested on stocks considered as a &#8220;safe bet&#8221;, maybe struggling for their survival.</p>
<p><strong>What is Forex Trading?</strong><br />
FX trading is selling and buying of currency.Forex can be considered as a second job.</p>
<p><strong>WHAT IS FOREX?</strong><br />
Forex, currencies involve transaction of one currency for another. One buys and sells currencies in the hope of a profit if currency value changes in their favor.</p>
<p><strong>How Forex Works?</strong><br />
Transactions in FX are not centralized and trade open 24 hours a day in almost all time zones of the world where there are dealers. Once you have decided that the currency of the investor wants to buy, he or she is with one of these dealers.<br />
     <br />
<strong>How to invest using Automated Forex trading guide online?</strong></p>
<p>The FX is the largest market in the world, trading more than three trillion dollars a day. To gain advantage in the Forex market, purchase automated software Forex PAF that is programmed to maximize the revenue and profit margin.</p>
<p><strong>How to trade Forex successfully?</strong><br />
Forex is a business having profits and risks. It is not located and business located in different places with different people. No one group controls prices of the Forex market.One can use 24 hours a day from anywhere in the world with an Internet connection and reap huge profits.</p>
<p><strong>Why to trade in FX Market?</strong><br />
The most liquid financial market in the world is the foreign exchange market. This includes trade between banks, governments and other financial markets. Individuals can negotiate directly or participate directly through the help of brokers.</p>
<p><strong>How to invest in the stock market and Forex trading guide online?</strong><br />
Forex operates with a volume of more than three billion U.S. Dollar per day. This enables massive liquidity exchange. In the stock market you can create a situation but in foreign exchange market, there is no such situation. You can continue from at any position.</p>
<p>Buying and selling of foreign exchange to an advantage. For investmenting, you must have an online account. Fill out the necessary documents before investing and then start trading these currencies like the French franc, German mark and the Euro dollar.</p>
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		<title>Understanding Forex Charts Can Make the Difference</title>
		<link>http://www.forextycoons.com/tutorials/the-basics/forex-charts/</link>
		<comments>http://www.forextycoons.com/tutorials/the-basics/forex-charts/#comments</comments>
		<pubDate>Tue, 26 May 2009 00:52:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[The Basics]]></category>

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		<description><![CDATA[Wouldn&#8217;t it be nice if we have a charting system that instead of focusing on the minutes, half-hours, hours, days, and weeks, actually followed and tracked the value by itself? Point-and-figure charts are such charts that do precisely that: they follow the investments.
Point-and-figure charts are charts that follow fluctuations in prices, and not time. Most [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none; margin-left:15px;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/chart.jpg" alt="chart" title="chart" width="209" height="209" class="alignnone size-full wp-image-287" /></div>
<p>Wouldn&#8217;t it be nice if we have a charting system that instead of focusing on the minutes, half-hours, hours, days, and weeks, actually followed and tracked the value by itself? Point-and-figure charts are such charts that do precisely that: they follow the investments.</p>
<p>Point-and-figure charts are charts that follow fluctuations in prices, and not time. Most of the charts are set up on a time scale, and then comparisons are then made between the price as it varies from day to day or hour to hour.</p>
<p>These charts are very different in that can represent any amount of time. There is no set time fixed for each figure. The Movement will only take place when the minimum determined price moves. If the value doesn&#8217;t change, then no new markings will appear on the chart.</p>
<p>Now, that when we have understood about FOREX, it’s also necessary for all to know what the different types are of Charts present in it. Generally like other charts, The FOREX charts will have X-Y graph but the time is represented by X-axis &#038; Price by Y axis, thereby showing how the price moves over a period of time.</p>
<p>There are different types of charts; few of those are discussed in brief here.</p>
<p>Line Charts, this type of chart in Forex resembles the closing prices, which is the end price that was recorded for a specific time frame or session.</p>
<p>Bar Chart, All the features present in Line chart are also present in the bar chart except that the construction changes.</p>
<p>The Bar chart consists of two lines instead of one. Here; one vertical line connects the highest price to the lowest price during a particular session. Another Line horizontally connects from the vertical line &#038; move towards the right thus denoting the close. The bar is mostly used in the Forex.</p>
<p>Candlestick Chart, this is an olden technique used by the Japanese &#038; has become popular because the examples shown by candlestick charts have more appeal &#038; the information is easily read. The foundations of a candle stick chart is the Opening &#038; Closing, the high &#038; Low.</p>
<p>We will discuss few methods present in the Candlestick Chart,<br />
Falling Three Methods, this has a bearish type of pattern having a black &#038; long body, three small bodies representing the days &#038; then the fifth day that closes during a low. </p>
<p>Rising Three Methods, this also has a bearish pattern with one long white body, again three small bodies that represent days &#038; lastly the fifth day that closes when it&#8217;s low. </p>
<p>Simple Doji, this candlestick pattern forms when the open &#038; close of a Security are assumed equal. The candlestick here will resemble like a plus sign or an inverted cross. Again in Doji, we have two patterns as explained here,</p>
<p>Dragon Fly Doji appears like a long &#038; lower shadow making the candlestick resemble the shape of the Alphabet &#8216;T&#8217;. Another pattern is the Gravestone Doji that resembles an inverted T having an upper shadow. </p>
<p>Hammer, this candlestick has a pattern that shows a small really black body with long &#038; lower shadow. This pattern arises when there is a down or market is hammered.</p>
<p>Harami, this candlestick is formed within the body of an earlier candlestick resembling a pregnant situation. </p>
<p>So, one candle stick looks like having a large body &#038; within that large body, the smaller body is present. </p>
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		<title>How to Choose the Right Broker in the Forex Markets</title>
		<link>http://www.forextycoons.com/tutorials/the-basics/how-to-choose-the-right-broker-in-the-forex-markets/</link>
		<comments>http://www.forextycoons.com/tutorials/the-basics/how-to-choose-the-right-broker-in-the-forex-markets/#comments</comments>
		<pubDate>Mon, 18 May 2009 11:30:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[The Basics]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=250</guid>
		<description><![CDATA[Choosing the right broker is one of the single most important decisions a trader can make before they begin trading. One must consider many different things before picking the broker that is right for them. A few things one must consider are; the spreads offered by the broker, the execution time for trades, and comfort [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/broker1.jpg" alt="broker1" title="broker1" width="209" height="209" class="alignnone size-full wp-image-274" /></div>
<p><strong>Choosing the right broker</strong> is one of the single most important decisions a trader can make before they begin trading. One must consider many different things before picking the broker that is right for them. A few things one must consider are; the spreads offered by the broker, the execution time for trades, and comfort with the trading platform. Each of these factors must play an important role in which broker the trader uses for their Forex trading.</p>
<p>The first thing the trader must investigate when choosing the best Forex broker is the spreads that a <strong>broker offers</strong>. Depending on the trading style and preferences of an individual trader, the level and types of spreads must be considered. For example, the trader using a scalping strategy would want to find broker that offers the narrowest spreads possible because holding onto positions for a short amount of time and taking a small nonprofit means that keeping the size of the spread as small as possible is of paramount importance. However, for a trader trading <strong>high volatility in a low liquidity environment</strong>, having wider fixed spreads as opposed to more narrow variable spreads is necessary.</p>
<p>Execution times for trades are also extremely important for a number of reasons. For a trader trading news breakouts where a lot of trades are being placed at one time, having an extremely fast execution time will allow the trader to get his trade in and executed earlier and, as a result, get a much better price and, in turn, make more profit. Finding a broker that has a trading desk that is close to the trader will often result in faster execution times. For a trader with a long-term trading horizon, execution times are not nearly as important as they are for a trader who is looking to get in and out of the market very quickly. <strong>The difference</strong> between making money and losing money on a short-term trade can often come down to whether or not the initial trade is executed.</p>
<p>Finally, comfort with the brokers trading platform can be the difference between making money and losing money. Each broker has a different trading platform with different specifics and layouts and finding which platform a trader likes best and works best on is vital. A number of things that must be considered when trying to find a trading platform but ultimately it comes down to personal preference. For example, a momentum trader is not going to be looking for the same things in a trading platform as a scalper. A momentum trader may be looking for a larger variety of technical indicators whereas the scalper may be looking for<strong> faster streaming of price information and market data</strong>.</p>
<p>The importance of choosing the best broker for each individual trader&#8217;s needs is one of the most important decisions a trader will ever have to make. All the trading being done moving forward will be done with that broker so being happy and having a good relationship with one&#8217;s <strong>broker is necessary</strong> in order to be a successful Forex trader.</p>
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		<title>Career Options on FOREX</title>
		<link>http://www.forextycoons.com/tutorials/the-basics/career-options-on-forex/</link>
		<comments>http://www.forextycoons.com/tutorials/the-basics/career-options-on-forex/#comments</comments>
		<pubDate>Mon, 18 May 2009 03:49:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[The Basics]]></category>

		<guid isPermaLink="false">http://www.forextycoons.com/?p=248</guid>
		<description><![CDATA[There are lots of trading options available nowadays. Many opportunities to make a good income from your own home are out there waiting to be explored. One of the convenient, successful and practical ways is Forex trading - the trading of foreign currency. If you are having capital to invest or looking to begin your [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;margin-left:15px;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/career.jpg" alt="career" title="career" width="209" height="209" class="alignnone size-full wp-image-279" /></div>
<p>There are lots of trading options available nowadays. Many opportunities to make a good income from your own home are out there waiting to be explored. One of the convenient, successful and practical ways is Forex trading - the trading of foreign currency. If you are having capital to invest or looking to begin your career, or if you are in need of a job that you like to do it from home, then learning For-ex trading is the best thing for you. Let me explain some facts.</p>
<p>Forex trading is ideal job to do from home because one can access the market from any computer at any place as long as you have internet access. On top of that, the market is always open 24 hours a day and seven days a week. Your trading will fit easily into any time frame that you are convenient with. Investing in the stock market is limited to normal business hours. </p>
<p>The Foreign Exchange giant FOREX being the biggest liquidity, market attract &#038; motivate lots of people to take this as full-time career that has unlimited earning potential along with professional growth. We mention few of those job opportunities &#038; the role they have to perform at the FOREX.</p>
<p><strong>FX Sales Associate: </strong><br />
1. This role requires one to possess the following skills-<br />
2. Working on marketing and advertising campaigns<br />
3. Generate high volume telephonic sales<br />
4. Communicate on regular basis with decision makers of high profile institutional clients<br />
5. Conducting periodic seminars and training sessions for the Team<br />
6. Working closely with Management team to form new business relationships </p>
<p><strong>Forex Dealer:</strong><br />
1. Responsibilities the above role include<br />
2. Managing the cross currency pairs<br />
3. Making the market available for trading to corporate customers.<br />
4. Provide regular update on market information using the online Trading Platform<br />
5. Watching &#038; placing orders for all the levels of Profit &#038; Stop loss<br />
6. Maintaining the Company Dealing System.<br />
7. Manage the currency flows across countries for the Retail Clients.<br />
8. To answer or clear any queries raised by clients regarding trading.<br />
9. Share market information to internal staff like colleagues &#038; sales team.<br />
10.Proper Fund management in various currencies </p>
<p><strong>Senior Traders in Forex:</strong><br />
1. The Role of a senior trader in FOREX will be<br />
2. Maintain a Trading Record that will show in consistency in investment returns every month <br />
3. Work within a Low Volatility market.<br />
4. Work with the Trading Algorithms &#038; other systematic Trading Programs.</p>
<p><strong>Introductory Brokers:</strong><br />
1. Few Forex Companies hire the services of a broker, who should have<br />
2. Candidate needs to have at least 2-5 years experience in industries related to Finance or sales. <br />
3. Exhibit excellent verbal &#038; written communication skills<br />
4. Should have a strong network of industry contacts <br />
5. Organize their work well, adaptable &#038; initiative to work independently.</p>
<p><strong>Analysts or Consultants:</strong><br />
The requirements of analysts or consultants are needed by the FOREX Advisory team where they need to provide advice to the traders. A consultant should have the following qualities – <br />
1. Know all about the Forex market like how they move or they work &#038; the trading process<br />
2. Knowledge about risk management <br />
3. Promote or sell the services to potential Clients and expand the business.<br />
4. Frequent consultation or advice provided to clients regarding on how to manage risk, track or analyze their performance in market.</p>
<p><strong>Dealing/Tech Support representatives:</strong><br />
1. Co ordinate with team regarding responding to tickets<br />
2. Intimate the traders in advance for any Server downtime.<br />
3. Check &#038; process any pending, unassigned or mails related to support.<br />
4. Raise an Escalation problem during the absence of the administrator.<br />
5. Make a documentation of all actions.</p>
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		<title>Benefits Of FOREX Over Equities &amp; Future Trading</title>
		<link>http://www.forextycoons.com/tutorials/tips/benefits-of-forex-over-equities-future-trading/</link>
		<comments>http://www.forextycoons.com/tutorials/tips/benefits-of-forex-over-equities-future-trading/#comments</comments>
		<pubDate>Mon, 18 May 2009 03:46:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Tips]]></category>

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		<description><![CDATA[Forex is actually trading of currency and deals in the goods, services and currency trading. Forex trading has gained lots of popularity with the passage of time and lots of people have started joining the trend. This concept of trading is purely based upon investment whether they are big, or small one. 
Forex is also [...]]]></description>
			<content:encoded><![CDATA[<div style="float: right; clear: none;"><img src="http://www.forextycoons.com/wp-content/uploads/2009/05/e2.jpg" alt="forex" title="forex" width="209" height="209" class="alignnone size-full wp-image-268" /></div>
<p>Forex is actually trading of currency and deals in the goods, services and currency trading. Forex trading has gained lots of popularity with the passage of time and lots of people have started joining the trend. This concept of trading is purely based upon investment whether they are big, or small one. </p>
<p>Forex is also said to be the economic indicator of the economy that helps to ascertain the financial scenario of the nation. Also, Forex market is the largest economical and financial market of the world. Its cash capacity is considered even larger than the treasury and equity market. </p>
<p>The trading of currency is the main work involved in this market and thus, great risk factors are also involved with them. It is also said that it reflects the true economic and financial condition of the country in an exact way. Moreover, currency trading also highlights the factors connected with the country assets. </p>
<p><strong>Compared to Equity Trading, the FOREX offers several benefits like, </strong></p>
<p>1. Around the Clock Market, open for 24 hours.<br />
2. Now that is news which all traders mostly like to hear, no time constraints &#038; having a market with flexible to trade any time day or night. Unfortunately such time zone benefit is not present in the Equity market where one has to do trading in specific business hours.<br />
3. Higher trading volume.<br />
4. Larger transactions need a higher trading volume&#038; this advantage is there with FOREX that offers 110 times more trading than the Equity Market.<br />
5. No transaction or commission fees.<br />
6. Did you know that most of those Forex Sites having nil charges when it comes to Transactions or commissions done by the investors or traders. Same is not with Equity trading; the service brokers have to give  a commission fee varying from $5 to $100. </p>
<p><strong>Price stability through superior liquidity:</strong><br />
Dealers or traders are more inclined to do the trading at Forex because it’s higher trading volume &#038; this high liquidity ensures price stability in the foreign currency market. When it comes to Equity Trading, the trading volume is much lower which leads to high risk in the liquidity. </p>
<p><strong>Higher leverage:</strong><br />
Compared to any major stock exchange trade markets, Forex provides higher leverage. If the normal leverage in Forex is 100:1 then in Equity it’s much lower that is 2:1. The Traders can do high volumes of trading in Forex markets because of the higher leverage.</p>
<p><strong>Profit Potential: </strong><br />
In Forex, the investors can do trading even during when the market is down or up. Same is not with equity market where one faces few difficulties due to market polices when the market is down.</p>
<p><strong>Now, Compared to Future Trading, the Traders have advantages in FOREX such as:</strong></p>
<p>1. Round the Clock, market trading<br />
2. Forex is a 24 hours trading market whereas Future market is done on certain timing or defined business hours.<br />
3. Superior liquidity<br />
4. Forex is the biggest liquidity market involving high trading volumes &#038; transactions. Future market offers less or limited liquidity to the Traders leading to less trading.<br />
5. Forex uses simple and easy price quotes<br />
6. Forex calculations are very simple to understand whereas other trading involves complications.<br />
7. Forex trading is commission free<br />
8. No Commission fee is charged in Forex, whereas a service fees is charged in Traders in Future trading. </p>
<p><strong>Forex trading is Faster &#038; Accurate:</strong><br />
Speedy transactions with Quality &#038; accuracy are executed only by doing trading in Forex. But, the traders do not experiment the same in Future trading which is not so rapid &#038; is also uncertain. </p>
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