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Wednesday, April 29, 2009

Forex Product Reviews

By Vencapllc

If your looking to trade with forex products forecasttrader is where you want to start. Here at the forexreviewsite.com we feel that the forecast trader will be a beginner trader in a position to beat the market and make MORE MONEY. Isn't that really what we are looking for when we buy software to hedge our exposure in the currency trading world? theforewreviewsite.com gives this product 5 out 5 stars because of its overall value and its ability to be a one stop shop for forex trading. Theforexreviewsite.com likes the forecasttrader.com because you can tarde and get the market info you need, what else could you want? Come to theforexreviewsite.com to find the information you need to get the right forex products.

The site covers 10 major forex pairs and 3 crosses and proudly boasts of its live trading results " a wide leap ahead of the backtestings we commonly come across other sites. What you see is definitely what you will get. Clickbank handles the sites payments " assuring subscribers safe and guaranteed handling of their transactions. Site encryption features also assure the customers that their personal details are kept away from unwanted human eyes and identity-stealing programs

There is a comprehensive FAQs section where we took notice that forecasts are posted on Fridays/Saturdays " just enough time for us to prepare for the following weeks forex trading activities. Whats the price to try out this great service? Only $4.95 for a 7-day trial period and that, we say, is a dandy investment.

In our assessment, Forecasttrader ranks a perfect five out of five rating. A great site for beginners and and forex trading veterans. - 23210

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Forex Products

By Carlo S

Based in Canada and newly established, FxReports is one of the new forex trading sites we included in this review. FxReports was established in July 2007.

For a trial period of 15 days at a cost of a $4.95 subscription, a subscriber gets to open a demo account. Almost similar to a real account except that it is at no cost to the subscriber. The user gets firsthand experience on how trades are done with no real money involved. A demo gives the subscriber a feel of forex transactions in the market.

Subscription also comes with access to forex training and video libraries.

However, FxReports main product is a forex trading software " Excalibur V 2.25. Its main claim is that it has a constant profit factor of 100 plus pips in a month. FxReports call it The Automated Managed Account Trading System.

Excaliburs features include the ability to run on accounts with as little as $1,000. It does trades on its own and even adjusts trades to maximize profits. The software trades in the American and European markets and trades on all currencies. Its strength lies on 40,000 hours of testing and a regularly updated database. - 23210

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Money Market Account and CD's Defined

By Sheila Korter

During tough times, it is best to save and put your money in the bank. By saving your money, you are able to prevent yourself from spending too much. Aside from this, another advantage of putting your money in the bank is that you are able to earn a passive income. This means that you earn income without doing anything.

A passive income is possible through the interest you earn from the money you have deposited. If you are serious about saving money and earning a continuing income through bank deposits, you should consider some important factors. The first thing you should do is to study the money market and certificate of deposit rates to understand what they pay.

Money market is defined as a type of account that pays interest while at the same time allowing the depositor to withdraw funds with short notice or no notice at all. Every financial institution that offers a money market account has its own rates as well as terms and conditions. It is recommended to choose the money market rate that has the best interest rates and the terms you are agreeable with.

Meanwhile, a certificate of deposit is a kind of deposit that yields higher interests rates as compared to a money market account. In return for the higher interests rate, there are certain limitations in the time and frequency of withdrawing the funds deposited. A certificate of deposit is popularly known as time deposit. The philosophy behind a certificate of deposit is that a depositor earns a higher interest rate as compared to the ordinary interest rates offered to ordinary deposit accounts because the depositor is prevented from withdrawing the funds that he or she deposited within the agreed duration of time.

In summary, the two factors you must consider in choosing a money market or a certificate of deposit are the interest rates and the length of time you want to have the money tied up. A high interest rate does not necessarily mean that it is the best deal and sometimes the rates are not what you think they might be. Usually, the higher interest rates are accompanied by stricter conditions. Therefore, you should always study and analyze the terms and conditions imposed if they are suitable to your current situation. - 23210

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The Benefits of Using Forex Demo Accounts

By Paul Seals

One of the online industry's new developments is the increasing number of investors who are growing cautious about the market, particularly the Forex market, which has been losing its new investors at a rate of 80%.

There are more people losing money than making money in the market. As few as 10% of investors are sticking with it. This makes online companies very unhappy, since they very much need to hold onto their investors, who are their principal income source.

Despite this fact, the forex market is still doing relatively well, as it handles trillions of dollars in transactions every single day. It goes to show how that even with this kind of turnover, there are still so many people trading it every day.

It is difficult, but the rewards are worth it. One of the ways the market helps is with Forex demo accounts, which are being provided by financial institutions, banks, online brokerages and other organizations.

Demos work just like the real thing, but with no risk. You are first given a dummy account, which means you can begin to use fake cash to get used to the system. Companies usually will charge you a nominal fee to set up the demo, but thats all you have to loose.

The simulations are very much akin to the live markets and with them you gain firsthand experience in Forex trading. There are several types of demo accounts, but it is important to find one that fits your goals. For the first-time investor, start with a basic program that allows you to ask questions and work up to the more complicated accounts with live feeds.

These demo accounts can provide you an insight into the market like nothing else. They allow you to get a real feel for the market without any of the real risks that are inherent to Forex trading. For many people, it helps them to decide whether this type of market is right for them.

As the number of people taking advantage of this safety net increases, I think the market's retention rate really will improve. Some of these demo accounts are even set up as a game, which adds a competitive dimension and encourages beginning traders to challenge themselves. In this way, Forex demo accounts can be the thing that saves your bank! - 23210

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Investment Strategies - Why Logic Is Important

By Gnifrus Urquart

I've been an active investor for about 20 years of my life. In using either my tried and tested strategies, or trialing new ones, one thing I have realised is that the more an investment strategy makes logical sense, the more successful it tends to be.

Lets face it, you could spend 2 life times trialing all the investment strategies people offer you. There are so many out there and I am sure most of them have some merit. What I have found though (and this in no way passes judgment on the merits of any investment strategy) is that if I really think logically about many of the investment strategies which have come my way, there are often holes in them... big ones at that too.

Strategies generally make sense. The problem I am talking about is not about making sense, it concerns completeness. When these strategies do not cover all possible scenarios, you can be left in a position where you need to make decisions that are not following the strategy. The amount of judgment you can bring to such forced decisions depends on how close this situation is to others covered by the strategy. In a worse case scenario, it could be a complete guess.

If a trading strategy leaves you guessing, when you make these guesses, you are gambling. A proper trading strategy will leave no contingency for guesswork. It will cover all scenarios taking human error out of the equation. It will be systemised and complete.

The other problem with this is that no matter what happens to your returns from that point, you will never know if it happened because the strategy worked or because of the guess you just made. This also can create problems as it must impact your confidence in the strategy. If your confidence is impacted, this may further cause you to divert from the strategy in other circumstances, exacerbating the problem.

So if you have a new strategy which looks promising, apply your logic to it first. Try to understand all the trading scenarios you may face and ensure the strategy stands up to all of them and deals with them. This simple piece of advice could save you thousands.

And once you are happy with the logical analysis you have applied, don't forget to dummy trade for a while too. In dummy trading you will probably find a number of scenarios you never thought of. This gives you the chance of ensuring the strategy deals appropriately with them too, without risking any money. Good luck. - 23210

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