Get Rich Fast With Gold Investing

By Mike Swanson

People all over the world are looking for new investments each day. A couple of years ago it would have been incredibly easy to find a true investment. Nowadays, no one is making any money and the stock market has gone over the edge. The best trade that you could look into right now is gold investing. Take a look and see what it is all about.

If you are new to the entire business of gold investing, you may want to look for a broker. A broker will know where to look and how to invest. For those who have the money to spend but not the knowledge, a broker will be your guide. Look into one and find out what they can do for you.

If you are just browsing around, ensure that you look at the gold investing websites. There are hundreds of websites for gold and currency trading. This is going to be a great way to make a lot of money. The internet is fast and it involves everyone in the entire world.

When it comes to this type of investing, you should be in and then out. This is not a long term investment that you can watch grow over time. In fact as soon as the prices raise and you start making money, get out.

Make sure that you have the right amount of money to invest with. The money that you use should be money that is extra. Do not get into gold investments if you do not have enough money to take care of you and your family.

Gold investing is a whole lot better than investing in the stock market right now. Take all of these tools along with you, when you feel you are ready to invest. Once you make your quick money, get out while the going is still good! - 23210

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Updates from a Forex Blog

By Bart Icles

As a forex trader, you might well be aware of the importance of being updated with the latest goings-on in the currency market. Indeed, changes happen every minute in the foreign exchange market that it helps to have up-to-date information on the market trends and conditions. Other than news articles on currency issues and updates, you can also learn more about these important details from forex blogs. If you look up a forex blog, you will notice that it contains valuable information for beginners. More often than not, forex blogs will also contain information that both beginners and seasoned traders will find helpful.

One such detail that you can learn more about in a forex blog is the vulnerability of currencies. It is not enough that you are familiar with the different currencies and their valuation. You should also learn more about the different factors that affect their strength in the market.

For example, there has been a noted decline in the power of the US dollar these past few weeks. If you try to check forex blogs, most of them will cover the different reasons why the US currency has weakened. There are those who say that the decline in the dollar rate is brought about by the rising oil prices that has somehow revealed vulnerabilities in the US economy. Pressures from the Federal Reserve also affect the strength fof the US dollar, as well as the growing consensus on whether or not central banks should start or continue to cut interest rates.

Forex blogs do not only feature news and updates on the US currency, it is also normal to see a forex blog highlighting stories on other currencies, such as the British pound and euro, as well as Australian, Canadian, and New Zealand dollars. Many foreign exchange traders are interested in these currencies because they tend to be strong and stable as compared to the US dollar. The British pound and euro are also valued more than the US dollar, although the US currency still remains as a universal trading denomination.

When you are after the latest news and updates regarding the variable forex market trends and conditions, you can either set your eyes on finance news broadcasts or you can look up a reliable forex blog on the internet. Keep in mind that when you are surfing the web for a forex blog, see to it that it is maintained by a reputable forex trader or someone who has advanced knowledge on the market. - 23210

About the Author:

Forex Training starts with a desire to learn and a drive to become a great trader. Becoming a Forex Trader takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Trading Forex Using Price Action " The Engulfing Patterns

By Tim Barnby

Few things are more satisfying to me that bare chart trading. Ive seen traders with so many indicators on their screen that I could not even see the price of the currency pair. What do any of these indicators tell you anyway? Do I need a MACD or a CCI? I can see which direction the trend is moving without them. How about a stochastic? I can see where candles are closing relative to the high or low. Other than some horizontal lines at key support and resistance levels, some Fibonacci retracements, and trend lines I often have nothing on my charts at all. All of these are topics for future articles.

A bullish engulfing pattern is characterized by having a real body which completely engulfs the real body of the preceding candle. A simpler way of describing this is that the bullish engulfing candle has a higher open and a lower close than the preceding candle. A bearish engulfing candle has a lower open and a higher close than the bar immediately preceding it.

The bullish and bearish engulfing patterns are powerful indicators of a trend reversal. Engulfing patterns must appear after a significant run up or down in price to be considered valid. When the engulfing pattern presents itself at a probable price reversal zone, or a confluence of support or resistance it is even more reliable. My experience has shown these patterns to be over 75% reliable, and normally offer at least a two to one reward to risk ratio when traded on the one hour or four hour charts. They are even more reliable on the daily and weekly charts.

There are a couple of valid methods for trading engulfing patterns. The first is pretty basic. You place a market order at the close of the candle. Your stop loss order goes a few pips past the opposite side of the engulfing candle, and the target goes somewhere at least twice the distance of the stop loss. Using this method, if the engulfing candle has a 50 pip range, your stop loss would be about 55 pips and your target would be about 110 pips away from your entry. The more advanced method involves pulling a Fibonacci retracement tool on the engulfing candle. Place your entry order at the 38.2%, 50% or 61.8% Fibonacci level of the candle, and place the stop loss in the same position as the first method. This method gives you a smaller stop loss, which offers you a much high per pip value, and a bigger target. It has a lower rate of successful fills, so youll have fewer trades using this entry method.

No matter what your method of entry is, you will profit from trading these powerful reversal indicators. Youll also save yourself the stress of conflicting technical indicators and cluttered screens. Trade this pattern for a week and see if I am wrong. - 23210

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For more information on Forex Trading, please come to the Market Mover Edge and look at our mentoring programs and live trading rooms. You can join my FREE forex signals list at Forex Master-Mind Newsletter

Money Management in Forex Trading (Part III)

By Ahmad Hassam

Live to trade another day is perhaps the best advice that you will receive in your trading career. Forex markets are brutal and unforgiving. You need to learn to survive in the markets.

The most common factor that causes many currency traders and investors to blow up their accounts and lose all their money is greed. Once you start taking unnecessary risks you are in trouble. You want a secret formula that never loses a trade. You will start looking for the Holy Grail technical indictor or a forex robot that can make you rich. You will believe that by discovering one, you will become rich.

Unfortunately there is no Holy Grail for anyone in trading. You will win and you will lose. So you must learn not to risk more than 2% of your account on one trade. Grow your account incrementally over time. Never ever be tempted to risk big making one single winning trade that can make you rich.

The most important thing that you should know is how much you are willing to risk in a single trade. This is more important than your trading strategy. I said dont risk more than 2% in a single trade. But if you are a risk taker and want to be aggressive, you can go up to 5%. Dont exceed 5%, stay between 1-5%. If you are risk averse and are conservative, on the other hand, you should consider risking between 1-2% only.

Once you have decided on the risk level you are going to take, knowing the rest is simple for you. Suppose you have a $50,000 account and you decide on a risk level of 2% for a single trade. How much you can risk on a single trade? You can only risk (50,000) (0.02) =$1,000, this is the maximum you should risk on a single trade.

However, if you are going to trade more than one position at the same time, the amount may become higher. Lets assume you are in 3 trades at the same time trading three currency pairs! You should risk only $1,000 per trade. So your total money at risk will be (3) (1000) =$3,000. Once you have calculated your risk, you are can determine the trade size.

Trade size is the number of currency pair contracts you purchase in any one single trade. You need to first determine where you want to put your stop loss in order to determine the trade size. Lets use a simple example to make it clear and suppose you are willing to risk $1000 on trading EUR/USD pair. You decide on a stop loss of 50 pips. Each pip on EUR/USD pair is equal to $10, so the number of contracts that you can trade are 2= (1,000)/ (50) (10).

Once you have determined your risk level and calculated the trade size, you have taken the guesswork out of your trading. Now, you can sleep well knowing how much of your amount is at risk and that you are going to be able to trade tomorrow, no matter what happens today.

Using these common money management rules will help you avoid the pitfall of losing almost all the money in your account. Learning to survive the markets and trade another day is the essence of trading. This can help your trading take the next level of profitability. - 23210

About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading and swing trading stocks and currencies. Trade Dow Futures. Learn Forex Trading.

Expect To Take Losses When You Are A Forex Newbie

By Randall Embry

This article is an awakening to many of the hopeful traders that I have met in my life as a mentor and professor in trading. Several of these people had extraordinary ideas about the market and have developed a few intriguing theories on how they can squeeze out as much cash as they are able to from the trade market and especially the FX trade. These traders lack the basics in trading and are simply hoping for the big score.

I would like to greet the roughly 99% of newcomers to the market, the people who help the professionals and giant firms generate so much money daily. These traders from all over the globe surrender a few hundred million dollars to those who actually use their heads.

Instead of trying to score the next big thing new traders need to develop their single-mindedness: knowing what you want, doing the training and studying necessary to learn your profession and coming up with intelligent ways to get it. They also need to develop lines of assistance: from fellow traders, technology and information available; really looking at all angles before jumping in blind.

There is no point in jumping into the investment world if you only focus on the unrealistic and catchy and fail epicly in the end, much to the liking of other traders.

Traders becoming investors, holding on to massive amounts of money, yet having no clue what to do with it is another trend Ive been seeing, and while its smart to hold onto your money if you can, effectively snowballing what you have into something more wont be possible for a few decades at least, when the next big economic shift happens.

Consider what you want from your career. The time has come to pay attention to people who know what they are doing. These people have lots of experience in the trading market and can point out the errors you are making.

Earlier the second thing I mentioned you need to know is help and help can also come in two ways, either mental or technical. Right now I want to talk about technical help which can be either Forex systems or EAs. EAs have lately become a sort of fad in todays market. Investing your money in a low level EA may be to your advantage. They are sold over the internet, just buy one and use it on your live account.

From personal experience testing several EAs I can say that its a worthy use of your time and money and while some did lose me money, most actually made me more money steadily over time. Some are also trader dependent, making how you trade equally important as your trade can be amplified by a specific EA. Keeping these tips in mind can keep you from missing out on the FX trade and from making unnecessary mistakes in the market. - 23210

About the Author:

To learn more about getting a forex trading education, take a look at this website: Forex Millionaires.