|
|
|
Choosing eCurrency Exchange Training Courses - What Should You Look For?
Trading eCurrencies on the DXInOne marketplace often has a steep
learning curve for most people. Sure, there are the few that can
pick it up without any direction but I would not be surprised if
these people had prior trading experience in...
Currency Trading – The Future Of Investment
Forex Trading, meaning Currency Trading, is a world wide, little known market, which will become the most popular source of income for investors in the very near future. It is open for banks, rich investors and small ones alike and, depending on...
Factors Influencing a Currency Pair Exchange Rate
Introduction
The exchange rate refers to the value of the US dollar against the values of currencies of other countries. Such a rate helps determine how much we pay for imported goods and services and how much we receive for what we export,...
Is Trading E-Currency a Legitimate Business?
When I first came across the e-currency trading business on the advice of a friend, I didn't take the opportunity very seriously. It appeared to be just another "hyped up money making scheme." From what my friend was telling me it seemed too good to...
Mazu E-currency Exchange Program
If you are like many of the thousands of people trying to make money online today, then you are probably trying to find a program that works. I have tried Quixstar, Market America and Amway, all of which require you to build a down line and sell a...
|
|
| |
|
|
|
|
|
|
ForexInterBank Forex Trading Course for Day Traders and Small Investors Focusing on Forex Pivot Point Trading
More and more day traders and small investors are turning to the foreign currency exchange market and for a number of good reasons. "The spot forex market provides them the means to invest without concern for liquidity or market manipulation," says John Keister, ForexInterBank’s CEO. "More importantly, forex pivot point trading provides conservative investors the means to turn a modest but consistent profit."
"Historically, the investment opportunities afforded by forex trading have gone largely unrealized because, up until a few years ago, the market had been the exclusive domain of governments, banks, institutional investors, and brokerage houses. Now, through ForexInterBank, investors can learn how to take advantage of those opportunities using a forex trading course designed to simplify the process and to accelerate the learning curve," say Keister, a medical doctor who first started trading forex while he was in medical school.
According to Keister, forex trading, while well known in the ‘inner circle’, is only now beginning to get the attention of both day traders and private investors. "Ten years ago, it was difficult to find a day trader or private investor who was familiar with the market. Now at least half of the people I talk with are at least mildly familiar with the market and half of those have actually dabbled in it," he says.
Keister attributes this increased interest level to a number of problems unique to equities and futures trading. "The biggest problem is that price fluctuations on the equities and futures markets are all too often a direct result of manipulation and/or the buying and selling habits of major investors. Prices are not driven as much by supply and demand as they are driven by market makers, media hype, and large institutional investors who have the financial means to literally make or break a stock overnight," he says.
The forex spot market, according to Keister, isn’t subject to that kind of manipulation. The average daily turnover in the forex spot market is approximately $1.3 trillion dollars, 30 times the turnover of all equity and futures markets combined. Unlike the equities and futures markets, forex market fluctuations are driven by pure supply and demand - the purchase and sale of foreign goods and services and, of course, speculation.
Experts estimate that 5% of the market’s turnover is actually driven by trade imbalances, the remaining 95% comes from speculation. "One doesn’t have to be an economist to understand that it is virtually impossible for any entity to manipulate a market of such an immense size," Keister says.
"What makes forex even more attractive is that one doesn’t have to waste time spending endless hours doing technical analysis and studying fundamentals that, as I mentioned before, can be totally invalidated by the actions of insiders and major investors," he says. "Forex trades, while certainly not without risk, can be profitably and predictably executed without endless and sometimes fruitless study."
A second drawback to equity and futures markets is that once made investments are not very liquid. "Investors can’t react immediately to fluctuations in the equity and futures markets because those markets are not ‘openly’ traded 24 hours a day. A lot can happen between the closing and opening bells, let alone over a long weekend, and if the investor sleeps late, he may wake up to find upon opening that he has suffered significant losses," he says.
"By contrast, the forex market never closes. Once a trade has been initiated, the investor has the ability to modify the parameters of that trade 24 hours a day."
Perhaps the biggest factor making forex trading attractive is that trades are not commission driven or heavily fee based and this is why Keister got involved in forex pivot point trading in the first place ten years ago. "Like most investors, when I started looking for ways to invest my money, I began the process working with stockbrokers who were more interested in churning my accounts than they were providing me with the information I needed to make ‘my’ cash register ring," he says.
"In search of a way to avoid costly brokerage fees, I looked into traditional day trading but found that the costs were prohibitive. First, one has to invest a great deal of money in an education which can, as I said earlier, be rendered irrelevant by players who can easily manipulate the market. Secondly, one has to ‘pay the piper’. By that I mean you have to buy or lease an extraordinarily expensive and exotic software
program that will enable you to execute trades.
"Of course, one can always find ‘free’ software, but the annual software lease agreements and/or membership fees paid to the company offering it end up costing more over the long term than you would have paid had you purchased the software outright," he says.
Disappointed with the vagaries of the equity markets, hidden agendas of brokerage firms, and the sizable start up costs of equities day trading, Keister’s turned to forex. "Forex trading is excruciatingly affordable. One doesn’t have to invest a fortune in software and on-going membership fees to get started. Trading software is readily available on-line and the only fee one can anticipate is a modest transaction spread," Keister says.
"When I first started looking into forex trading, I discovered that the only way small investors could get in the market was to jump in the deep end, more often than not, without the knowledge they needed to keep themselves afloat. Like everyone else, I paid dearly for my lessons because I couldn’t find a mentor willing or able to provide the information I needed to succeed. Now that I look back on the experiences I had, I can understand why that information wasn’t readily available. The big boys were just too busy making money and had nothing to gain sharing their expertise with little guys like me," Keister says.
When Keister first entered the forex market, he was naturally frustrated by the fact that there was no single, reliable source he could rely on to get answers to even the simplest questions," he says. "There were a few insiders who assembled rudimentary training materials they would sell at an exaggerated cost, but I couldn’t find a central source of information about forex trading and, more importantly, couldn’t get clarification when the materials provided generated even more questions than they answered.
"Over the past ten years I’ve also read scores of books about forex trading and they, too, have a common problem. While providing an abundance of information, they unnecessarily complicate the process," he says. "Forex trading is a very simple process based on a mastery of a number of visual cues that normally occur above and below pivot points. You don’t need to understand why the market behaves the way it does. You only need to be able to recognize a few predicable patterns to generate a reasonable and consistent return on your investments."
Failing to find an adequate source of information, Keister decided to put together an education program of his own, one based on his own successes and failures. "It was clear to me that the forex education arena was lacking so I put together a forex trading course that simplifies the process, providing answers to basic questions the experts were too either too busy to answer or couldn’t answer in a language that can be easily understood," he says. In the end he believes he has developed a forex trading course that actually makes forex trading easy - a forex trading course for dummies.
Why would he use the term ‘dummies?’ "Not to 'dis' the younger generation, but I hired a number of high school and college students to test the program and the majority are now successfully trading on their own behalf. Those who are underage are using custodial accounts set up by their parents," he says. "If they can do it with as little knowledge as they have, anyone can do it."
Unlike so many online forex training programs that sell their clients training materials and then disappear, ForexInterBank’s program includes live, daily mentoring. Once students have completed the company’s interactive forex trading course, they have the means to actually watch and listen to ForexInterBank traders as they walk through their own trades. "We believe this follow-on, real world training is what really sets us apart," Keister says.
"Our clients can actually listen in on real time analysis and watch trades as they actually happen," he says. A few examples of these live mentoring sessions can be viewed in the live training room at the company’s web site. "Visitors can see and listen to eight of our past sessions," Keister points out.
Day traders and investors wanting more information about John Keister and ForexInterBank’s educational services are encouraged to visit www.Forexinterbank.com.
About the Author
The author, Ron Scott, is a seasoned internet publicist who provides affordable public relationsservices to local, regional, national and international businesses.
|
|
|
|
|
| Currency Trading, Forex Trading, Forex, Online Currency Trading |
| Offers 24 hour online currency trading for institutions and professional traders. |
| www.fxcm.com |
|
| OANDA FXGame - Currency Trading Demo Platform |
| You can start playing the currency trading market with real market conditions ... The platform was created with the goal of making currency trading ... |
| fxgame.oanda.com |
|
| Forex | Forex Trading | Forex Minis | Online Currency Trading |
| FOREX.com - THE site for forex trading. 24hr commission-free currency trading w/ real time execution and guaranteed fills. Forex mini accounts from $250, ... |
| www.forex.com |
|
| Currency Trading News, Forex Trading News, FX News, Forex News |
| Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
| www.dailyfx.com |
|
| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
| money.cnn.com |
|
| FOREX Advisory |
| The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
| www.cftc.gov |
|
| Forex Trading: Online Currency Trading from Global Forex Trading |
| Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
| www.gftforex.com |
|
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
| www.amazon.com |
|
| Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
| Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
| www.ac-markets.com |
|
| OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
| Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. |
| https: |
|
| Forex-Day-Trading.com - Currency Trading with FREE Training |
| Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days. |
| www.forex-day-trading.com |
|
| Forex Online Currency Trading: Welcome to Global Forex |
| Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
| www.globalforex.com |
|
| Forex trading - Realtime Forex online currency trading |
| Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
| www.realtimeforex.com |
|
| Forex Blog |
| Forex news blog with daily commentary. Has a good beginner's article. |
| www.forexblog.org |
|
| Common Questions About Currency Trading |
| Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
| www.investopedia.com |
|
| OANDA FXTrade - Currency Trading Basics |
| Currency Trading Basics. Exchange Rates and Spreads: ... In currency trading, these codes are often used to express which specific currencies make up a ... |
| fxtrade.oanda.com |
|
| Currency trading, free forex charts, news and analysis |
| Online currency trading with technical analysis, charts and forex news. |
| www.gfforex.com |
|
| Finance - Currency-Trading Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| MGFOREX |
| MG Financial Group - Forex, FX, Online Forex Trading. |
| www.mgforex.com |
|
| DirectoryM - Debt Settlement Solutions |
| Simply provide your contact details and describe your needs to receive a free consultation from business or personal debt service providers. |
| www.directorym.com |
|
|