A Simple Forex Strategy to buy near the Low or High of the Day!

Many struggling Forex Markets traders struggle to find out how to Buy near a

Bottom of the day or sell near a high of the day. If you are one of such traders, then keep on reading the rest of this blog post as I am about to reveal a simple but yet very reliable strategy to help you determine in advance how to buy  near the low of the day or do sell near the high of the day.

The reason why it is important to, determine the lows and highs is because you will be is the position to determine the new trend and trade in the direction of it, and also be in the position to ride most of the trend in order to also be able to go out of a trade before the end of the trend. This will help you, master the art of trading low risk high probability trades and give a trading edge over other trades who does not know how to spot such trading opportunities.

Learn how to determine divergent between Price/Indicator.

Divergent, is when the price is making higher highs, while the indicator like Stoichaitics or the RSI make lower lows at the bottom of a trend.

The opposite is also true is an uptrend, the market price will be making higher highs while the indicators will be making higher lows.

Triple Tops or Bottoms, Head and Shoulders.

In an uptrend the Price will test the Top three times and the second time it will go higher than the previous high before it drops then the third time it test the top it will fall below the previous high then in the process it will form a left high, centre higher high and the right lower high that looks like a head and two shoulders of a human being, which is the reason why they call this pattern head and shoulders.

This middle pattern is called a neck line and is very powerful indeed, and if the price can break the neck line then it will continue to fall with a very high momentum in the opposite direction, and it will give you a  very low risk, high probability trading opportunity for you to make money.

W`s and M Patters or Double tops or Bottoms.

The next reversal patters I want to share with you, in this article is  called double bottom, when it happened at the end of a down trend or also known as W pattern or double top or M pattern if it happen at the end of an uptrend.

Though this patters are not as powerful as the triple tops or bottoms, they also give traders who know how to spot them a very good signal in advance to tell them to go out of whatever trade them are in as the current trend has run out of steam and is about to change direction and move in the opposite way.

You can also look for new trading opportunities basing on your trading strategy, to ride most of the new trend that is starting out, and make some forex pips for yourself using the above information I share with you in this post, to start trading near the highs and lows of the day.

The market is trending 30% of the time while the other 70% of the time it is moving sideways and therefore this information is very powerful indeed if you know how to spot a strong trending market.

In my next blog post I will share with you about how to spot continuation patterns like, triangle flags, parallel flags as well as breakout patterns which are powerful indeed for a trader who really want to trade with a trading edge.

Thank you for visiting my Blog , and I hope you did enjoy what you learn in this blog post which was aimed at teaching you how to buy near the high and sell near the low of the day, and more importantly you will use this information I share with you her to help you become a better trader.

From: Patrick Sekhoto

Http://www.patricksekhotoblog.com/

 

 

How To Trade Forex After Hours-While Keeping Your 9 to 5 Day Job!

 

This blog post is written to help wannabe traders, how to make money out of trading the Forex currency market while in order to earn some extra income and at the same time being able to keep their 9 to 5 day job.

Majority of the Forex trading platform will encourage you to trade the markets as an intra-day traders because it is not only beneficial to them, but also because they do not have your interest at hearts.

They are concern about, themselves and they are only interested on the Success of their own Company.

Now Checkout the video below to learn how to Swing Trade For a Living without having any stress associated with day trading:

For example if you open any live trading account, they will give you everything for free, like trading charts, Forex trading tools like Fibonacci levels indicators, RSI, Stoichaitics, moving averages, Average True Range and many more.

They will also give you all the necessary Financial News in order to help you make an informed trading decisions and some brokers will even went to the extent of giving you someone who will be your forex trading advisor, for the mere fact that they want you to invest your hard-earned money in their trading platform, so that they can benefit from you irrespective of whether you lose or make money.

The other important thing to learn is reading and understanding  Price Pction or otherwise you will loose money on Buying Fake outs.

Majority of good forex trading platforms will let you open a free Forex Trading Demo Account, so that you can learn to paper trade without having to use your real money for a month and with some trading platforms a Demo account can last up to 3 months.

The reason why almost each and every trading platform will encourage you to trade using some small time frames from 15 minutes, 30 minutes and up to 1 hour is because forex traders make money from trading spreads.

In most cases, when you trade using small time frames, you will open a couple of trades per day and therefore your trading platform will make a lot of money from you in the form of trading spreads irrespective of whether you lose or make money.

Now as an End of the day trader, you will open few trades per day when trading long time frame charts like 4 hourly, daily or even weekly charts.

This will not only make you a profitable trader, especially if you work your 9 to 5 day job, but it also will give you a trading edge as you don`t need to be glued to your Computer and watch the markets the whole day.

The other advantage of trading the long-term charts is that, the Signals are more reliable, compared to trading short time frames.

The other advantage is that you will make more pips of between 100 and 300 pips per each and every trade you open if it goes in your preferred direction.

The only disadvantage is that, you stop-loss levels are also huge in other to cater for this big daily candles moves but with proper money management and correct position sizes this should never be an issue at all.

The other advantage of trading on an End of the Day Basis is that, you can trade even during the News announcements and make even more money without worrying that your stop-loss level will be hit by the volatility cause by Major News Announcements.

As it can be seen there are many advantage of trading forex using End of The Day 9 to 5 trading methodology, and the most important part is that, you only need 20 minutes per day to analyse the market early before you go to work and in the evening after coming from work and over time you will slowly but surely grow your income.

The other good thing is that you can go on with your life by earning money from your current employer, do all the things you like as usually but yet having a  side business that you manage by just investing a mere $1000.00 to $2000.00 which is a good thing indeed.

Thank you for visiting my website, and I hope you did enjoy reading this article and above all you will now use the information you learn here in order to finally start your side business to grow your income in order to pay for your child College Tuition fees or make the extra money to pay for your dream vacation.

The secret is to grow your money slowly and be patient and over time you will finally get there without being greedy.

From: Patrick Sekhoto

Http://www.Bannaga.com/

 

How to Trade Forex for a Living-While Working Your 9 to 5 Job!

Many people want to learn to trade Forex while still working their 9 to 5 jobs

But the challenge is to find a reliable trading system that is tried and tested to produce winning trades on a consistent basis.

The other challenge is to find a reliable Forex trading mentor who not only interested in selling you his trading strategy for the sake of making a quick cash from you, but someone who really interested in helping you out.

In this article I want to share with you my real live experience about how I went about finding a good forex trading mentor who can help you learn how to trade the currency markets in order to earn some extra cash while still working your 9 to 5 job.

The first thing you need to know is that forex trading is a very serious business just like any bricks and mortar business out there, and therefore you need to put everything in place in order to become successful while still doing it.

The first thing you need to do is to invest your hard earn cash, in paying for the services of a forex trading mentor.

The reason why this is so important is because you will learn from an active trader, who will guide you to avoid some the pitfall associated with trading the foreign currency market, and you will also be in a company of other learner traders and therefore you will share some experience.

Whether you like it or not, you will still make some trading mistakes and you will lose some money when trading the forex markets, but what is important is that you need to learn how to manage your loses with strong money managements rules, so that you do not run a risk of blowing all your trading account.

In fact most guru traders suggest that, you need to only risk between 1% and 2% of your trading capital for each and every trade you open.

The only challenge for enlisting the services of a Trading mentor is that, they are expensive and therefore the next option available to you is to pay for the services of a Forex Trading Signal provider.

A signal provider is also a fulltime Forex Professional Trader, who will send you some trading Signal telling you which currency trading pair to buy, where to take your profit and where to put your stop loss level in order to protect your open position and not to put all your trading account size at risk.

The trading signals can be send to you via an e-mail, a cell phone message or even some trading Signals providers will give you logging details so that you can login into a private members website and just follow them there.

This is very good indeed because you not only learn from the Forex trading Signal provider but you also learn from other fellow student traders as well, which will really make your trading live very easy indeed.

Now the last option to you can explore if you are still serious about following you dream of becoming a part-time forex trader in order to earn some extra cash while still working your 9 to 5 job to pay your bills is to buy some online eBooks courses and learn how to trade yourself through trial and error.

There are many Forex trading courses out there, which are designed for traders of different experience levels, from beginner traders, Intermediate to advance traders. But one thing I need to warn you about is that, majority on new traders think that in order to earn some forex pips on a continuous basis, they need to buy a 100% No loss trading system.

If you can fall onto this trap not only will you waste you valuable time,money and energy jumping from one Forex trading strategy to the other, but you will never become a true trader because you will end up being a more confused trader who does not have his or her own identity.

Now hear this, majority of people who sells forex trading strategies are traders who fail to make money out of trading the live currency market, and end up as Forex marketers who earn a living by selling you Forex Trading eBooks.

The reason why this is so is because 95% of people who learn how to trade the currency markets fail and end up quitting after blowing all their trading Capital.

In closing I like to tell you that in order to become a successful forex trader, who earn a living from trading the markets part-time or full-time you need to master the following three things:

  • Become a discipline trader with strong money management rules.
  • Have a reliable Forex currency trading strategy.
  • Have Trading Edge by trading only deliberately tradable markets in the direction of major trend.

I will elaborate more in my next article on the above mentioned points, so that you can know how to give yourself a trading edge, please come back next week to read my full article whereby I will be revealing in details how to trade like a real guru, even if you have never trade before and give yourself a trading edge.

Thank you for reading this Blog post I hope you have learned one or two things, from it and use the knowledge shared her to help you become a better trader.

From: Patrick Sekhoto

Http://www.patricksekhotoblog.com/

Learn How to Trade Forex For a Living!

So I guess you too want to learn how to trade Forex, in order to make a living out of it, and therefore promise you that you have come to the right place.You do not have to be a regular trader to take advantage of the lucrative Forex market. Any time you travel and exchange money you take part in the foreign exchange market(Forex market).In fact Forex trading is the giant of finance, dwarfing all the other capital markets in the industry.

Despite its overwhelming market size, the concepts of trading currencies are fairly simple. Here are some basics that you need to understand.Go through them as you “learn Forex Trading Online,learn How to trade Forex”
Eight Majors

The forex market is not like the stock market where you will find millions of stocks to choose from. In the forex market you only need to be keen on the 8 major economies and then analyze which one is likely to provide the best overvalued or undervalued opportunities. Here are the 8 main countries that play a big role in the currency market and you should keep a keen eye on them as you “learn Forex Trading Online,learn How to trade Forex”

  • United States
  • Euro-zone (the ones to watch are France, Italy,German and Spain)
  • Japan
  • United Kingdom
  • Switzerland
  • Canada
  • Australia
  • India

These 8 economies have the most sophisticated and largest financial markets in the whole world. By concentrating on the 8 countries, you can take advantage of earning any interest on the most liquid and credit worthy instruments in the financial market. Economic data is usually released from these 8 countries on a daily basis allowing you to stay informed and on top of your game when it come to analyzing the health of each economy.

Other important aspects that will help you “learn Forex Trading Online,learn How to trade Forex”

Yield and Return

When it comes to learning how trade Forex for a living, another key issue you should remember is that yield usually drives return. Whenever you are trading in the Forex exchange spot market, keep in mind that you will be selling and buying two different underlying currencies. All the currencies are usually quoted in pairs since each currency is valued in comparison to another. For instance, If the USD/EUR is quoted as 1.3500 which means it takes about $1,35 to buy one euro.

In each transaction you make, you will be simultaneously purchasing one currency and then selling another. This means you will be using the proceeds from the currency that you sold to buy the currency that you are now buying. Additionally, each currency in the world comes with an interest rate attached. It is your obligation to pay the interest rate of the currency you have sold when you earn interest on the one you have bought.

Leveraging Returns.

The currency trading market also offers tremendous leverage – usually as high as 100:1 – This means an investor can control assets worth $10000 with as little as $100. Nevertheless keep in mind that leverage is sometimes a double edged sword: It can earn you massive profits when you are right, but it can also generate heavy losses if you are wrong.

Carry Trades

Currency value is never stationary, and it is this feature that gave birth to carry trade, one of the most popular Forex trading strategy. In this strategy, a user hopes to earn not only the interest, but also looks for their potential to appreciate in value.

Getting to Know Interest Rates

Another important aspect of this trade that you should keep in mind as you “learn Forex Trading Online,learn How to trade Forex” is knowing where the interests are headed.This requires some understanding of the country’s underlying economics. Countries that are doing well with solid growth rates to curb inflation are likely to raise rates to curb growth and inflation. On the contrary, countries that are having difficult economic times ranging from a full recession to a slowdown in demand are likely to reduce interest rates.

The Bottom Line

Forex trading is now accessible by many people than ever before thanks to availability of electronic trading networks. This large financial market offers a number of opportunities for investors who are patient and take their time to understand it as they learn how to minimize the risk of failure.

Thank you for visiting my blog and reading my article, and if you have anything to add or want me to blog about a particular topic, do not hesitate to leave me a comment below.

An Introduction to Day Trading Forex for Newbies!

 

Welcome newbies to the world of Forex Day Trading!

 

Day trading on the foreign exchange can be a very lucrative activity. It has similarities to trading on the stock market, although it is important to note these are not the same thing.

 

Foreign Exchange in a nutshell involves the buying and selling of currencies so as to profit from the day-today fluctuating values.

 

Firstly, what is Forex?

 

The foreign exchange market (FOREX) is a decentralized global market for the trading of currencies. Participants range from individuals to international banks and large multi-billion dollar corporations.

Participants trade one currency into another for profit.

 

What is Day Trading on Forex?

 

Like the name says- it is a deal which takes place in the space of a day. Trading deals are opened and closed within a day, although some day trading deals may last longer than a day.

 

You can make as many day trading deals as you want.

 

Getting started with Forex

 

Paper Trading on Forex for Newbies:

 

Paper trading is basically a practice form of trading. It is a simulated trading environment in which newbie investors get to practice their trading and decision making skills on a virtual simulated forex environment. There is no real money involved. Consider it Monopoly for Forex.

 

This is an incredibly useful tool, which is even used by the top businessmen around the world to test their new trading strategies, before implementing them.

 

The trick is to take it very seriously and use all the strategies to the best of your knowledge to have an idea of how ready you are, before you start with real money.

 

However, there is no guarantee that because you were great at paper trading, you will make money on Forex. This tool allows you to learn the basic ropes, such as the terminology and the indicators.

 

An overview of Day Trading Using Easy-forex

 

Newbies might want to start with easy forex: Here is a simple breakdown of the procedure

 

There are 3 main steps:

 

  • Choose your deal and add it to your online account: including the currencies you want to trade eg) USD/EUR (Greenback/EURO)

 

  • Monitor the deal through your Forex account which can be accessed and managed 24/7

 

  • Close the Deal. This can be done either manually or by choosing a stop-loss deal. This is a pre-set limit on your pre-set amount, which will automatically stop or sell when it reaches a certain point.

 

 The Basic Forex Day Trading Terms for Newbies:

 

Pip:

This is a smallest Price exchange for currency, usually to 4 decimal places.

 

Lot:

Minimum Unit of Trade

 

Take Profit:

The number of pips where a seller decides to close their sales to minimize losses

 

Stop Loss:

sed to minimize the risk of loss by automatically stopping trade at a pre-set leve

 

Leverage:

Allows you to open trade exceeding the balance in your account (T’s and Cs)

 

Currency Pair:

Quote and price structure for currency traded on FOREX

Bid: Price a buyer is willing to pay for a currency Pair

Loss:

 

Trading and Losing some of your trading capital.

 

Some tips for Beginners:

Don’t rush into it, as soon as you are signed up. Start gradually with smaller amounts of money until you know what you are doing.

Be prepared to make some losses here and there consider hiring a broker in the beginning to get you started. They usually work on commission and can save you a fortune.

There is no single guaranteed strategy- you have to be flexible and keep learning.

Thank you for visiting my blog!

Why Price of Gold Fluctuate and How to Predict When Price Will Go Up or Down!

Gold is one of the most important bargaining chips that people all over the world use to succeed in their investment plans. Being one of the noble metals that is extremely rare to find on Earth, this metal has always been used as a currency since the old days. The value of gold is quite sporadic, sometimes going up too high while at other times experiencing a low. Currently, in the US market, the value of 1 gram of gold is at 39.66 $. 1233,55 $ is what you will get for an ounce of gold, and 1 kg of this rare earth metal will fetch you a whopping 39659,55 $.

However this price will change pretty soon, as the value of gold continuously increases or decreases depending on various factors in the market. This is not a relatively new situation. The discovery of the vast gold mines in South America of 16th century led to the fall in the price of gold. This relatively influenced the price of other items in the market to go up quite high. Since then on, the problem has changed to be the opposite: the value of gold has been high since the supply of gold is strictly limited. However there are random changes in the numbers. To understand why price of gold fluctuates and how to predict when price will go Up or Down, keep reading the possible reasons covered in this article.

Price manipulation is one of the controversial reason given to explain why the value of gold always suffers in the market. Some like to believe that central governments and banks have done their best in the last 20 years to suppress the true value of gold. While the World Gold council states that the central banks reportedly have 32,000 tonnes of gold, the Gold Anti-Trust Action Committee claims that in reality, central banks have even less than 15,000 tonnes of gold. The rest of the gold has been pushed into the market or even secretly sold so that the value of this rare earth metal would stay relatively lower.

The curves of Demand and Supply are quite strained because gold is limited in amount on Earth. Most of the gold we use is circulated. This further puts a strain on the actual price of gold on a day-to-day basis. Then again, the fact that gold is traded in opposition to the dollar is another factor that leads to fluctuation in the value of gold. Most countries possess gold as a sort of immunity against inflation. The theory stands that if paper currency falls in value, gold will still retain its high purchasing power. If the value of dollar is high, it will make any dollar-backed unit like gold even more expensive. This is why a lot of countries decide to severe their currency from gold standard. This decreases demand of gold and lets its value fluctuate even more.

As far as prediction is concerned, experts believe that the effort made to see if gold prices will increase or decrease is more about the “marketing the prediction” instead of “predicting the market”. One indicator would be the Federal Reserves interest rates. If the rates are high, it will put more pressure on the price of gold throughout the year. Drop in the price of crude oil, the rate of growth of economy in Europe and China are all a part of the data that is collected in order to reach the bigger picture.

Also if there is less inflation, there will be a less amount of demand from all investors who usually buy gold and silver as hedges. As a result, deflation also stands as an indicator if the value of gold will fall or not.

Gold is expected to remain a strong unit of currency. It`s limited supply and continuous re-circulation in the market will deeply impact its value in years to come.

What Investors Need to Know about Trading in Commodity Futures!

Trading in commodity futures involves buying and selling of contracts. But, the delivery of physical goods involved in the transactions has to take place in the future. Common commodities traded in commodity futures include metals like copper and gold.

Other types of raw products can as well be transacted. Ideally, trading in commodity futures allows buyers and sellers to manage risks involved in this form of business.

Factors to consider when trading commodity futures:

Anyone interested in venturing into the commodity futures market need a grasp of the factors that affect the industry. These factors include:

General economic condition

Just like any other investment, the general economic condition of a country plays a critical role in establishing the sentiment of the futures market. A booming economy will boost your expectations of an encouraging price rise while trading. Opt for flourishing economies if you wish to make profits whenever the prices increase in future.

Political stability has a considerable impact on the prices of commodity futures since it affects the economy too. Take time to research on particular growth aspects of the economy before making a final decision to invest in futures.

Supply or cost of production logistics

Commodities are an important aspect of the futures markets. So, factors affecting supply or cost of commodity production affect the profitability of futures contracts. For instance, futures from an agricultural commodity are affected by unfavorable weather.

During unfavorable weather, traders often expect supply to dry up forcing a necessary increase in price. Most traders prefer going long on such commodities that promise a huge price rise. Import/export restrictions and policies can also have a large impact on the trading of commodity futures.

Since most futures trade transactions often involve cross-border transactions, the complicated import/export formalities can eventually lower their prices.

Contract timing.

Commodity futures contracts come with exact expiration dates. Even with fixed prices, commodity futures can become less attractive to others as the expiration date approaches. This can result in futures contracts expiring as worthless investments.

Personal

Your emotions affect how you trade in commodity futures. You have to deal with it to allow your mind enough time to analyze the present economic conditions. Discerning the current market trends on your own will enable you make the right moves at the right time.

Futures-advantages and disadvantages

Advantages

The advantages of trading in commodity futures include:

  •  Commodity futures attract relatively small commission charges as compared to other forms of investments.
  • Commodity futures can be highly leveraged to achieve greater gains even with limited funds.
  • Traders can open both long and short positions. It is also possibly to reverse the positions with much ease.
  • Commodity futures lead to very high liquidity.

Disadvantages:

Disadvantages of trading in commodity futures include:

  • They can be quite risky at times since leveraging is involved.
  • Each commodity futures contract is a standardized product and specifically written for a fixed amount and terms.
  • The lower commission costs involved in trading can tempt the trader into taking additional trades. Definitely, this can lead to over-trading which is dangerous to the trader.

Final word

Even though commodity futures are risky, traders can trade in more than one contract. Spreading your commodity options is the cheapest way to limit your risks. You could lose in one but profit in another.

Thank you for visiting my Blog.

From: Patrick Sekhoto

Http:www.patricksekhotoblog.com/

 

Bannaga Reveals the Dangers Of Forex Over-Trading!

Do you want to know the real reason why most Forex newbie traders career end prematurely?

Overtrading most newbie Forex Traders does not know that, now you are amongst those lucky few privileged Forex traders who know this and I highly recommend that, from now on going forward to use it as your trading edge.

in order to become profitable forex traders, one of the simple tools they can use is not to over trade.

In fact over trading is responsible for wiping out majority of wannabe currency traders, trading accounts.

A simple knowledge like knowing when not to trade is very important for your online trading success.

When not to trade?

Now let me give you some of the scenarios whereby you should not trade:

If you have 5 consecutive, loses in a day or week.

If you have a 5 to 8 consecutive loses, then it is advisable to take the rest of the week off, until the following week.

This will not only save your trading capital but also give you enough time to recharge your batteries, and when you come back the following week you will be a rational trader instead of being an emotional one.

Overtrading the forex market is a very expensive exercise because you will not had to pay your broker too much money in the form of trading spreads, but you will become a victim of the two greatest evils, associated with trading which are Fear and Greed.

The dangers of over trading any stock market, is not only one of those amateurish mistakes made by new traders but even experience traders, who are under tremendous pressure, to reach their monthly targets also do the same.

Now one of the simply things to do in order to avoid falling in to the trap of over trading are to set some simple rules like:

  • How much money do you want to make per week?

Professional Traders do it all the time, and I personally does not see any reason why, you too can`t do it. Trading is not like gambling but more about taking some educated guesses, whereby you need to know how much pips are you prepared to make out of your trading, before you call it a day.

How much pips are you prepared to lose per trade?

As discussed earlier, it is better to trade with a complete trading strategy, which will tell you help you to sleep well during the night knowing in advance how many pips you will make if the trade goes against you, or for you. This will not only help you to become a discipline trader but, it will make you to have confidence in your trading system.

  • What is the maximum number of trades, you had to open per day?

Overtrading, is one of those killers which is responsible to bringing the trading careers of majority of, newbie traders to an end, before it even gives them the kind of positive results they were hoping for.

One of those effective strategies you can use to avoid excessive trading is to include as part of your trading strategy the number of trades you are prepared to take in a day, week or a month depending on the kind of trader you are.

  • What are those things, happening in your personal live, preventing you not to trade?

Even your personal life, which has nothing to do with trading at all, may affect your trading results.

Fear of losing the your trading capital, happen even to people who have been trading the markets for some time, but still it does not prevent them from pulling their trigger and open those trades, as per their trading system.

Now if you are emotional, you will not think rational especially after some big loses and therefore it is highly advisable to take the rest of the week off and come back the following week, in order to give yourself time to think rationally while also saving your trading capital.

 

Now that you know why majority of traders struggle in this dog eat dog trading business called forex trading, I highly recommend that you learn from their mistakes and give yourself a trading edge and stop overtrading and some of the above mentioned mistakes I mentioned in this article in order to help you become a better, disciplined as well as a profitable forex, commodity or even a stock market trader.

Thank you again for visiting my Blog!

From: Patrick Sekhoto

Http://www.patricksekhotoblog.com/

 

 

 

Forex Signal Services-Is there any Benefit for trading Forex through Signal Providers?

Today I want to answer one of the questions asked, frequently by many forex beginners who want to short cut their way to foreign exchange riches by trading with the use of professional Signal providers like Ribakov.

What are Forex Signal providers?

For starters, this are professional forex traders who have been successfully trading forex for many years , and then they decide to offers their services to people who don`t know how to trade forex but still need to benefit, under the radar of this professional traders.

How the system work is that you pay them a once off fee or a monthly subscription fee, them they give you your own passwords and username to their live trading platform, and whereby they tell you which currency pair to buy, where to put your stop loss level as well as where to place your take profit level.

 

http://lone121.fxundress.hop.clickbank.net

 

In order words, all you do is to just follow their Signal service everyday then you will start earning or losing some forex money that way.

But you still had to open a live trading platform, with your favourite broker, and then you will be ready start receiving those forex pips.

The good thing about this is that, you will be an apprentice of an experience forex trader, and you will be making money at the same time while learning how to trade them foreign exchange market at the same time.

But one thing I must mentioned is that, different Signal providers have different rules,  for example one trader may decide to send you trading signal through the use of an e-mail address, while the other provider may you a trading platform, e-mail as well as send them straight to your cell phone number.

In my 6 years of trading the commodity, stock, as well as live forex, market I can tell you that this is my second best favourite strategy for making money online, after the use of a Forex trading mentor.

To tell you the truth, if you really want to receive the rewards provided by trading the Foreign exchange market in a shortest and quickest time, I highly recommend that you use the services of a currency trading mentor.

Pros of trading using a Signal Service:

 

  • Cheap and affordable to many traders.

But the disadvantage of it is that trading mentors are very expensive, therefore many traders cannot afford to pay for their services.

Now the second option is the use of a Trading signal provider, because it is like having your trading mentioned on a video conference call or a webinar.

  • You kill 2 Birds with one stone.

As I have already mentioned, you will have a chance to learn from like-minded traders when you login to the Signal service platform and you will also be guided by a professional fulltime forex trader, and most importantly you will be making money while learning.

  • You do not have to be glued to your computer all day long.

This is very important especially for traders who are also working a 9-5 fulltime job, because they can spend between 10 to 20 minutes of their time to place signals then carry on with their daily routine job while at the same time earning an extra income on the side.

You will make money, anywhere, in the world as long as you had an Internet access.

Trades can be placed using your ipad, laptop, desktop an even your iPhone. As you can see trading the forex market using a signal service is a very easy and straight forward process and the rewards are unlimited.

This is one of my favourite ways to make money trading whatever market of our choice; the only disadvantage is that you need to do your research in order to get a good, reliable and honest signal provider.

For those traders out there, who want to start benefiting from trading the currency market this was, I highly recommend that you click the link below to go and check out the Smart Money Signal Service guys.

 

http://lone121.fxundress.hop.clickbank.net

 

Many people are benefiting from their services and hope you to will start reaping the rewards of their hard labour soon.

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