7 Easy Steps To Learning Forex

Four week Forex training and mentoring course
for absolute beginners and novice traders alike.



Dan Armitage



“I’m Here To Hold Your
Hand Every Step Of The
Way.”


Hi I’m Dan Armitage.

I am the Head Trading Coach and lead a team of Professional Traders. We are here to teach you how to trade from home. Having spent years successfully trading for one of the world’s leading banks in Europe and Asia, I moved to Gibraltar four years ago and set up a training company to teach forex trading from scratch. Over the last 4 years I have educated absolute beginners, novices and experienced traders from all over the world on how to trade my successful strategy. Thousands of traders globally are now using my successful template.

“My personal goal is to train you so that within a month you are consistently making 250 pips a week”

At £10 per pip that is £2,500 a week extra income for you.

My comprehensive mentoring package is designed to show complete beginners and novices all they need to know to start trading and making money in the Forex Market . Focusing on safe strategies and the psychology of trading, we’ll set you up with everything you need to trade profitably from the comfort of your home.

How To Start Trading The Forex Market? ( Part 2)

Why is FOREX trading so popular?Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection).If you have or like to travel, take your laptop with you and you can trade the FOREX anywhere in the world where you have an Internet connection.When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license or a proof of how many hours you have spent studying the Foreign Exchange Market and/or Banking Industry.FOREX Trading is Economical and Start-up Costs are Low!You can open an account to trade Forex with as little as US$ 200 at he most brokerage firms.I personally do recommend Fenix Capital Management, LLC, which offers a state of art Trading platform, that allows you to place orders directly by clicking on the chart. The Main Benefits of Trading the FX Spot Market are:YOU don’t pay commissions or fees!YOU can trade 24-hours a day !YOU can trade up to 400:1 Leverage !YOU can have FREE Streaming executable Price quotes and live charts!It is important to know the differences between cash FOREX (SPOT FX) and currency futures.In currency futures, the contract size is predetermined.With FOREX (SPOT FX), you may trade electronically any desired amount, up to $10 Million USD.The futures market closes at the end of the business day (similar to the stock market).If important data is released overseas while the U.S. futures markets is closed, the next day’s opening might sustain large gaps with potential for large losses if thedirection of the move is against your position.The Spot FOREX market runs continuously on a 24-hour basis from 7:00 am New Zealand time Monday morning to 5:00 pm New York Time Friday evening.Dealers in every major FX trading center (Sydney, Tokyo, Hong Kong/Singapore, London, Geneva and New York/Toronto) ensure a smooth transaction as liquidity migrates from one time zone to the next.Furthermore, currency futures trade in non-USD denominated currency amounts only, whereas in spot FOREX, an investor can trade in almost any currency denomination, or in the more conventionally quoted USD amounts.The currency futures pit, even during Regular IMM (International Money Market) hours suffers from sporadic lulls in liquidity and constant price gaps.The spot FOREX market offers constant liquidity and market depth much more consistently than Futures.With IMM futures one is limited in the currency pairs he can trade. Most currency futures are traded only versus the USD.With spot FOREX, you may trade foreign currencies vs. USD or vs. each other on a ‘cross’ basis, for example: EUR/JPY, GBP/JPY, CHF/JPY, EUR/GBP and AUD/NZDMore and more well informed investor and entrepreneurs are diversifying their traditional investments like stocks, bonds & commodities with foreign currency because of the following reasons: (will be continued)RISK WARNING:Risks of currency trading: Margined currency trading is an extremely risky form of investment and is only suitable for individuals and institutions capable of handling the potential losses it entails. An account with an broker allows you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity). The funds in an account that is trading at maximum leverage may be completely lost if the position(s) held in the account experiences even a one percent swing in value, given the possibility of losing one’s entire investment. Speculation in the foreign exchange market should only be conducted with risk capital funds that, if lost, will not significantly affect the investors financial well-being.

Spread Betting and Forex Markets

One key advantage of spread betting is that a wide variety of markets are available to trade on. In many cases this form of investment can allow investors to gain exposure to markets that are traditionally difficult to gain access to.Below is a brief explanation of some of the more popular spread betting markets:IndicesIndices represent the combined share value of a number of companies on a particular stock exchange or sector eg the FTSE 100 and Dow Jones are popular indices for investors who like to spread bet on the UK and US markets.Foreign Exchange RatesForeign exchange rates, or forex rates as they are often known, are a measure of the relative worth of global currencies.In particular, it is possible to spread bet on the comparative value of two different currencies in a ‘forex pair’ ie forex spread betting.As an example, if the British Sterling / US Dollar forex pair was trading at $1, this would imply that the Pound was of equal value to the Dollar. However, if the pair was trading at $2 then this would imply that one Pound was worth two Dollars. At the moment that rate is closer to $1.60.Foreign exchange markets are often extremely volatile as a result of the fact that they are heavily influenced by economic and political pressures, especially relating to specific information about the state of particular economies.Whilst not traded as much as Indices, forex pairs remain a major part of many investment portfolios and are usually the second most traded spread betting market.The most traded forex pairs are the Majors. These are currency pairs that represent particularly strong economies and are highly liquid markets. They include:Euro / DollarEuro / SterlingEuro / YenSterling / DollarSterling / YenDollar / YenYou can trade these with firms like Financial Spreads and Tradefair.Stocks / SharesStock / share trading in companies is the archetypal form of financial investment. Traditionally a trader purchases stocks/shares, becoming a share holder in the company, and hopes that the value of the stock will improve.With spread betting this ‘purchase’ of shares does not take place. Yet stock / share spread betting still makes up one of the most heavily traded markets. With financial spread betting you are only speculating on the future price of the share. Commodity PricesA commodity is a product whose value is determined on a basis of supply and demand, often without differentiation for source or even quality.Two of the best known, and most traded, examples are crude oil and gold, however, the term commodities not only covers metals and fuels but also ‘softs’ such as sugar, soy and coffee.As with all spread betting markets, you can speculate on the market to go or down. If you think the price of Gold will rise you spread bet on it to go up. If you think the price of a barrel of oil will go down you can bet on it to go down.Note though that spread betting carries a high level of risk to your funds. You can lose more than you initially invest. It may not suit all investors. Only speculate with funds that you can afford to lose. Ensure you understand the risks and seek independent financial advice if and when necessary

How You Can Make Money With Forex Currency Exchange

The foreign exchange market, also known as the Forex currency exchange, has been making headlines as of late. People are investing and profiting from this large institution, but what exactly is it? Put quite simply, it is the trading of money from one country to another.
Everybody knows that trading money in the global markets can be great way to make more of it; it can also be a memorable lesson in how to lose money quickly. More than $1 trillion is traded every day on the foreign currency exchange (Forex), and yet no centralized headquarters or formal regulatory body exists for this form of trade.
In order to allow businesses throughout the world to trade goods, there had to be a mechanism that would let them trade their money as well. Up until the 1970’s the system that was in place was a fixed rate system.
However, that all changed when the majority of countries changed to the floating exchange rates that is in use today. The floating, or fluctuations, in values is the driving forces making the Forex currency exchange such a viable investment today.
Consider for a moment the different factors that contribute to making this a unique type of investment. To begin with, the sheer volume of daily trading reaches into the trillions of dollars.
Recent figures show the Tokyo Stock Market and the New York Stock Market, is each trading around the $25 billion mark. When you compare those figures to the most recent figure of $4 trillion, it is easy to see that the major stock markets of the world seem really small next to the enormity of the Forex currency exchange.
Next in consideration is the liquidity of the items themselves. We are not discussing a tangible good that is bought and then needs a willing seller to complete the transaction. Actual batches of money, from around the world, are being bought and sold, therefore it is simple to convert this into readily available cash.
Another factor is the constant availability of the market. Since the entire world does not operate all at the same time, some markets are closed while others are open. As long as you have connection to the internet as well as to a reputable broker, you should be able to access the Forex currency exchange and complete your transaction.
Finally, the availability of leverage and the relatively small changes in rates play a part in the profits. Many brokers and international banks extend their customers credit lines, or leverage, in order to purchase a large block of currency and simultaneously sell a similar block for a nice profit.
Even with these enormous transactions that often reach into the millions of dollars for a single deal, currency rates, regardless of the country, normally do not fluctuate more than 1% in a single day.
That is why many business analysts and investors (including me) are beginning to see the Forex currency exchange as an almost perfect model for instant or long-term profits.

Forex Market uses margins to Increase your Profits

Forex is a nickname for the foreign exchange, a vast market of trading in which the commodity is money itself.In the forex market, traders are buying and selling foreign currencies — trading dollars for euros, pounds for yen, and so forth.Forex is profitable because national currencies fluctuate from day to day basedon predictions of the nation’s gross domestic product and other factors.

As with the stock market, the idea with the forex is to buy low and sell high: Buy alot of a particular currency when it’s weak, then sell it when it becomes stronger.For  example, bad financial news in Great Britain means that forex traders will beselling off their British pounds as fast as possible, as the pound is about tobecome devalued. Once the pound recovers, those traders will sell it forsomething else, thus turning a profit.

Though we talk of “buying” and “selling” pounds, euros, yen and francs, the transactions performed in the forex are not literal. That is, if you want to buy100,000 euros, you don’t have to withdraw the equivalent U.S. dollars from yourbank account and swap them out for a big stack of euros. Everything is done onpaper only, though the resulting profits and losses are real. Because the transactions are not done physically, there is room in the forex for what are called “margins” or “leverage.” Put simply, this means you don’t have to actually put up the full amount of the position you’re taking.

Usually the margin is 1%, meaning that when you put $1,000 into it, you’reactually getting $100,000. Of course, margins multiply your losses as well asyour profits, so you have to be careful.One of the reasons for allowing a 100:1 margin like this is that the major worldcurrencies in the forex market usually fluctuate less than 1% a day. (In the stock market, a typical stock might fluctuate as much as 10% in one day.)With changes that small, your daily loss or gain on an initial investment of $1,000would be almost imperceptible, usually less than $10 either way.

By multiplying it by 100, the gains and losses in the forex market are more pronounced.With leverage implemented that way, the basic “lot” for buying and sellingcurrencies is usually 100,000 (which of course only costs 1,000). Most firms thathandle day-trading on the forex market don’t go any lower than that.

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Understanding Stock Marketing

The term stock marketing does not seem to be anew to people around but still there are a majority of them who are unaware of the facts and what it actually means. The stock marketing is just a play where selling and buying of stocks is mostly concerned with. It has been understood very clearly that the best time to play with the stocks and earn handsome amounts is to start when the zest is at a pretty higher level. Always commence with the strategies only when you are calm and relaxed and not when emotionally challenged as it needs real brains to continue and win here.

Forex is something with which many of the popular stock markets are made up to and it is referred to as Foreign Exchange Market. It works a little differently from stock marketing, as here you can risk in taking real profits even the markets are down. But, the same cannot happen with stock marketing as you really need to work hard with good brains to manage greater heights. The risks when compared with Forex are too high in stock market especially when the markets are facing lows and downfalls. The difference between both these terms can be referred to as that the stock market sells the shares for other companies where as the logic of Forex is based on trading currencies in pairs.

Forex has its own risks to be faced as staying within the field is a very risky and a difficult task where luck should also be favoring you. You can find plenty of them who put their entire living to play this game of stock market. There are special officials who are into monitoring the highs and lows happening in the same field. Dedicated players are seen everywhere and there are also quite a lot of examples of many who have prospered and earned loads of profits working here. At the same time, you can also find others who have lost their entire belongings and returns back empty handed just because they were not brainy enough to play the game.

Stock market is open to all you can just start with it to buy and sell shares by keeping a close watch over the ups and downs taking place in the market. A successful person in stocks markets keeps an eye always over the rise and falls of stocks in the market and then immediately puts out the trick to get in for selling or buying them. A proper, stern and steady calculation is just what is needed in here for playing the best game in stock marketing. Confidence in triumph is yet another thing necessary so that you can have the will and determination to move forward to reach the sky.

Entering the stock market with a lump amount can gain you plenty more in the future if the game is played in the way it should be. Always listen what your mind speaks and work accordingly rather than listening to what others ought to say and deal. Stock Marketing is a real breakthrough for the brainers!

The 8 Economic Factors that Affect the Forex Market

Where economic theory will affect the Forex market on a long-term basis, the affect of changes in economic data is much more immediate. Oftentimes, the biggest companies in the exchange market are the various countries that participate in market activities and there currency is likened to shares in that country. It follows then that the country’s economic data is analogous to the earnings data of a company or business entity.
News and information regarding a country’s economy can have a direct impact on the direction that the country’s currency is heading in much the same way that current events and financial news affect stock prices, hence the importance of economic factors. The following eight economic factors will directly affect a currency’s movements in the Forex market.
Factor 1 – Employment Data
Non-farm payrolls is the name given to the data that pertains to the number of people who are employed within the US economy, and it is released the first Friday of every month by the Bureau of Labor Statistics. Strong decreases in employment indicate a contracting economy, while strong increases are perceived indicators of a prosperous economy.
Factor 2 – Interest Rates
This is always a major focus in the forex market. Since the central banks mandate monetary policy and supply, they are the prime focus of investors and the various market participants.
Factor 3 – Inflation
This is the measure of increases or decreases in pricing levels over a period of time. Due to the immense number of goods and services available in a country, usually a grouping of these goods and services are used to measure changes in the pricing. Increases in pricing indicate an increase in the inflation rate which in turn can devalue that country’s currency.
Factor 4 – Gross Domestic Product
This is the measurement for goods and services that were finished over a period of time. The GDP is broken down into 4 categories:
1. business spending
2. government spending
3. private consumption
4. total net exports
Factor 5 – Retail Sales
The measurement of sales recorded by retailers over a period of time is a reflection of either increased or decreased consumer spending, depending on whether sales are up or down for the comparative period a year ago. This indicator gives market participants an idea as to how strong or weak the economy is.
Factor 6 – Durable Goods
Goods that have a lifespan of three or more years are considered durable goods and they are measured in quantities that are ordered, shipped, or unfilled over a period of time. These are also an indicator of economic spending or the lack of it.
Factor 7 – Trade and Capital Flows
Currency values can be significantly impacted by monetary flows that result from certain interactions between countries. When imports exceed exports, there is a tendency for the currency value to decline. Increased investments in a country can lead to the opposite result.
Factor 8 – Macroeconomic and Geopolitical Events
Elections, financial crises, monetary policy changes, and wars can influence the biggest changes in the Forex market. These events can either change and/or lead to reshaping of a country’s economy.

What Is Forex Market?

The forex market, or foreign exchange market, is a trading market where people will trade currencies around the world. The forex market is like the stock market in that money is traded and that people on the market can gain or lose money in trading, but it is much larger than any other market out there. That is because all kinds of monies are being traded at any time of the day.
Like with stock market prices currency exchange rates will change every day and can be different at any time of day. Therefore, it will be important to watch how your forex market investments are doing so that you do not lose any money in your transactions.
Also, you should understand that the forex market is open all day long. There are major forex market trading areas around the world, including locations in London, New York, Zurich and Tokyo. There is always at least one forex market trading area open during the day. The exchange rates will be different throughout the day, especially when the forex market in one city closes for the day and another at a different point in the world opens.
There are many different currencies that are being traded on the forex market. These include the American, Australian and Canadian dollars, the Swiss franc, and Euro and Japanese yen. When using the forex market you can trade a currency against another one trade it for another currency in order to help increase your revenues and earn more interest.
One great benefit of forex market trading is that there is very little possibility of any insider trading involved. Insider trading, although it is illegal, does happen in traditional stock markets, as people will know inside business secrets that will allow for people to buy stock before it begins to go up significantly in value. While the forex market does have people buying and selling things like in the regular stock market, insider trading is not found in the forex market because the changes are all based on how people buy and sell and by how the value of the economy of different countries is going.
It is also easy to identify different currencies on the forex market. This is because all of the currencies on the forex market are identified by three-letter codes to help distinguish between them all. For instance, the American dollar is listed as the USD, and the Euro is listed as the EUR. These codes make it simple to remember what currencies are out there for trading.
The forex market is a great market for you to consider investing in. If you would like to learn more about the forex market and how you can get involved you should consult your local broker for information. Also, be sure to look up information on the broker you are interested in working with to see if it is the right one for you to be working with for the forex market.

The Benefits and Risks of Trading in the Forex Market

Anytime an individual engages in investing or trading within any of the different financial markets there are always benefits that can result. However, there are also risk factors that cannot be ignored as well. Speculating for the purpose of profitable gain never occurs without a certain amount of risk being attached to that speculation. And risk factors will vary from very minimal to extremely high.
At the risk of being redundant, the Forex market’s rapid climb to the level of success that it is currently enjoying has been attributed to three key factors – namely, the size, structure, and volatility of the currency exchange market. Another result has been higher levels of trading volume and greater liquidity factors that you don’t normally see in the other financial markets.
The biggest benefit overall is that the investor can conduct huge trades without negatively impacting the exchange rates or seeing any positive/negative effects on the market in general. The availability of these larger positions has been made possible due to lower margin requirements which the majority of the market’s brokers use.
Another benefit is that it is quite possible for an investor to control as much as 100,000 USD while depositing as little as 1,000 dollars up front and then borrowing the remainder from their broker. A 100 to 1 leverage ratio such as this is not uncommon in the Forex market, so leverage is considerably higher in this financial arena compared to that of others.
Consequently, this extreme leverage factor can also act as the proverbial double-edged sword because it is just as easy to encounter massive financial losses as it is to realize tremendous gains when there is only a minimal shift in the exchange rates. But still, it is this leverage factor that makes investing in the currency exchange market such an attractive and intriguing proposition.
A very positive aspect of the Forex market is that it is truly the only financial market that operates on a 24-hour clock. Additionally, the liquidity factor remains decent throughout the global trading day. This is extremely beneficial to the investor who has either a day job or an extremely busy agenda, therefore making this an optimal market to trade in. The following chart will give you an idea how the round-the-clock scenario operates: Time (EST-EDT)
Tokyo opening 7:00 pm
Tokyo closing 4:00 am
London opening 3:00 am
London closing 12:00 pm
New York opening 8:00 am
New York closing 5:00 pm
As you can see from the chart, the trading hubs span a variety of time zones globally, hence the markets 24-hour access factor. This eliminates waiting for the opening and closing bells that are so characteristic of the stock markets and other financial markets. Basically, as one market is closing for the day, another one is just opening for business. Taking all the above factors into consideration, it’s safe to say that the Forex market provides more excitement for the investor. On the other hand, the risks involved in this market are considerably higher than when you are trading equities.

Forex Trading, or The Stock Market?

Oftentimes, if you trade currency on the foreign exchange, you’ll have quite a few advantages over trading stocks. You’ll have:
24-hour market
The foreign exchange is open for business 24 hours a day, seven days a week. This is a big advantage for small investors who are just starting out and trading in their spare time. You don’t have to juggle your schedule to make time for trading opportunities. Rather, you can trade whenever it’s convenient for you, including at one o’clock in the morning if you choose.
Low transaction costs
Rather than being paid traditional commission-based fees, forex brokers don’t charge hidden fees as a rule. Instead, the broker’s fee is included in the trade within the bid/ask spread. (The spread is the difference between what you buy a currency for and what you sell it for, with the spread expressed in “pips.”)
Leverage and margin
Because forex traders can trade on margin, they can have significant leverage in their trading. They can make extraordinary profits with reasonably small investments. For example, if your broker allows you a margin of 100:1, you can purchase $100,000 in currency with just a $1000 deposit. Of course, you have to use leverage carefully because it can hurt as well as help you, and you can incur large losses as well as large profits.
High liquidity and fast trade execution
When you trade in currencies, you trade in cash. Because no investment is more liquid than cash, trades are executed almost instantaneously. You don’t sit around and wait for your trade to execute.
Not easily influenced
Because the foreign exchange market is so large, no individual, fund or bank, or government entity, for that matter, will influence it for very long. This is in opposition to the stock market, where one negative appraisal by an analyst could significantly hurt investors.
Relatively small sample to keep track of
With forex trading, you only have seven major currencies to follow, rather than thousands of stocks and companies as with traditional stock market trading. Therefore, you can focus a lot on just those currencies you trade in. Many successful traders don’t even trade in all seven but focus on three or four. In this way, you can narrow their focus even further. If done right, this can increase your success markedly.
No bear or bull markets
Because you can trade short or long in forex trading, you can make money regardless of whether prices go up or down, as long as you guess correctly. Because of this, you have more control than you do in the stock market, where the market has a “mind of its own” in a lot of cases.