foreign currency trading

foreign currency trading

Foreign Currency Trading Resource Center  ClickHere for Managed Forex Account Programs from Avellan Capital LLCClick Here for Resources for Experienced TradersFeatured BooksTechnicalAnalysis Applications in the Global Currency MarketsTheComplete Day Trader: Trading Systems, Strategies, Timing Indicators, and Analytic MethodsMore Books for DayTraders                        Our mission is to help you learn orperfect a unique way to earn an independentliving harvesting net profits from daily up and down price movements within the globalcurrency markets -- the world's most profitable trading markets. If you are too busy to seriouslyconsider self-trading as a profession, you can find information on managed accountprograms by clicking here.Are you a serious Forex trader? We are constantly looking for high-intensity day traders to join our team!. Contact Forex TRC at info@forex-trc.comComing Soon -- Monthly Demo Trading Contest with Cash Prizes!Contact Forex TRC at info@forex-trc.comAreyou ready to graduate from trading a single-marketmaker retail platformto a mult-bank institutional platform ($1 million + trade size)?Contact Forex TRC at info@forex-trc.comIf you are already an experiencedcurrency trader, click here!If you are new to thismarket, read on.Many people have never heard of theGlobal Interbank Currency Market (known among professionals as "Forex"). Yetit is the world's largest financial market, with an estimated average daily turnover ofmore than $1.5 trillion. Participation in this market has expanded steadily over the pastseveral decades, fueled by increasing levels of international trade and tourism. Anincreasing number of banks, investment companies and individual traders are choosing toparticipate in this electronic marketplace -- some banks are now making 40 to 60 percentof their total profits trading currencies. Thanks to leading, regulated forexmarketmakers in the US and UK you can individuallyharvest profits from the daily price movements within the Global Interbank Currency Market-- up AND down -- of the Euro, Japanese Yen, British Pound, and/or Swiss Franc in relationto the U.S. Dollar from anywhere within the expanding reach of the Internet. Day trading is being pursued in avariety of financial markets, including the NASDAQ stock exchange. For good day traders,the forex market is clearly the most lucrative market to trade in. Because of the highdegree of leverage available in the forex market, day trading in foreign currencies is a high risk businessactivity, and cannot be pursued on a casual basis.However, there are a number ofmajor risks associated with most other entrepreneurial activities that you will not faceas a day trader! These include the substantial risks associated with having to find, sellto, please or collect money from clients or customers. With foreign currency trading viaInternet, it's just you, your analytic tools, your broker and a massive financial marketthat operates 24 hours a day around the world whether you decide to participate or not. Itis a full-time occupation, although during the trading day it does not necessarily requireyour full attention if you are good at "keeping an eye" on one activity whileconducting others.It is the high degree of leverage available to forex traders that enables them to pursue trulyoutstanding potential profits. With margin requirements of 2 percent, a trader with a$5,000 opening balance in his or her trading account can have positions worth $100,000open at any given moment. This leverage makes it possible to earn a return on workingcapital of 50-100 percent or more each month. But you must master basic skills and disciplines beforeyou put real money at risk, since thishigh degree of leverage also means that you could rapidly lose money.If you can master the skills anddisciplines required to be a successful forex trader, you will enjoy an unprecedented degree of personal freedom. You can live and earn a substantial income anywhere withinthe reach of the Internet since all of your trading can be done via the Internet. You willalso never have to work for anyone ever again -- no bosses and no customers to please!Featured Books Electronic Currency Trading for Maximum Profit -- Order Now via Amazon.comThis book by Keith Long and Kurt Walter is essentialreading for all aspiring and experienced forex traders. It includes detailed lessons foreverything from mastering technical analysis to developing successful strategies.Technical Analysis Applicationsin the Global Currency Markets -- Order Now viaAmazon.comThis book by currency market expertCornelius Luca provides an all-inclusive analysis of the various technical forecastingmethods used by currency traders, and describes in detail the strengths and weaknesses ofeach. It also includes a software demonstration program that lets you see what top traderslook at, compare systems, and test your understanding of currency charting.The Complete Day Trader: Trading Systems, Strategies, TimingIndicators, and Analytic Methods --Order Now viaAmazon.comThis book  by veterantrader Jake Bernstein explains and discusses the application of various technical methodsfor day trading, including using traditional chart analysis to enhance day-tradingresults; analyzing moving averages, stochastics, gaps, and other vital day-trading tools;using Wilder's RSI, intra-day momentum, and other powerful indicators to your clearadvantage; and applying a unique day-trading oscillator to the most active markets.The Trader's Tax Solution  -- Order Now via Amazon.comSerious traders will need to think about tax issuessooner or later. As trading increases in popularity, so too does the tax liability. TedTesser, expert tax consultant, arms all traders with the right information to reduce theirtax liability and be better prepared once tax preparation time rolls around. Thiscomprehensive guide covers all business planning issues and provides tax-savingstrategies, explaining in detail what is deductible and what is not, and whatdocumentation is required. Individual case studies, real-world examples, and model taxreturns provide the answers traders need.Get FAT! For MoreInformationContact Forex TRC at info@forex-trc.comCopyright 1997-2006, RCCGroup, Inc.Forex TRC is a service ofRCC Group, Inc.

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