Macs Forex Site

by Owen Jones

When you start a new hobby or even profession, you are bound to come across terminology that you do not understand. The problem with not understanding the terminology of the industry, is that it hinders your development in your chosen field.

I know many individuals, especially older people, who think that they will never be able to grasp computers, because the terminology sounds like a foreign language. The same can be said for Forex, so I am going to clarify my top 20 terms to trade Forex that I think you need to know.

Ask, Offer – the price at which a trader will buy a currency; it is the seller’s price

Base Currency – the currency that all trades are quoted in. This will usually be the USD, but some systems allow the trader to choose

Bear – someone who believes that the market or position will fall

Bull – someone who believes that the market or position will go up

Broker – the person who places and deals with the trade for the trader. In FX there are no charges as such, as they are dealt with by the spread.

Cable – dealers’ slang for the USD/GBP exchange rate

Currency Risk – the risk of incurring losses resulting from an adverse change in exchange rates.

Day Trading – refers to opening and closing the same position or positions within one day’s trading (day trader)

ECB – the European Central Bank

Forex, FX or Foreign Exchange – the concurrent buying of one currency and selling of another. The currencies are written in pairs such as USD/GBP.

GTC – ‘good till cancelled’ – this means that an order is left with the dealer to buy or sell at a price pre-set by the trader. When the price is met the trade will be automatically carried out.

Initial Margin – this is the initial deposit of collateral required in order to enter into a position. It is a guarantee on future performance

Margin – clients must deposit funds as security to cover any possible losses from unfavorable movements in currency prices

Market Maker – is a dealer who offers prices and is prepared to buy or sell at those stated bid and ask (offer) prices. A market maker keeps a trading book

Open Position – this refers to any deal which has not been sorted out by monetary payment or reversed by an equal and opposite deal for the same value date.

Pip or Points – in currency markets refer to the smallest move an exchange rate can make. This could be 0.0001 in the case of EUR/USD, GBD/USD, USD/CHF or 0.01 in the case of USD/JPY

Resistance – is the level at which charts suggest that selling will take place

Spread – this is the difference between the bid and offer (ask) prices. It is used to measure market liquidity, narrower spreads often signify higher liquidity

Stop Loss Order – an order to buy or sell when a particular price is reached, either above or below the price that prevailed when the order was given

Technical Analysis – is an attempt to predict future market activity by analyzing historical market data. It is usually represented in the form of charts, price trends and volume graphs.

by William Barnes

The world of Forex trading is something that many people avoid because it seems too complicated. Indeed, it does require a lot of skill, patience and dedication to be able to make a profit on this market. But it is not necessary to train for years to know what you are doing. Absolute beginners can rely on Forex trading robots to help them.

The basic premise of a Forex robot is that it is a mathematical tool which identifies possible trades where a profit can be made. Many robots automatically place trades deemed to be profitable for you too. The robots on the market have been developed over several years and tested to ensure they are fit for purpose, usually by people who have knowledge of Forex already. The robot uses information based on past market conditions to try and accurately predict which current trades will be successful.

if you have absolutely no comprehension of how the Forex market works but want to be able to trade, then these robots are an ideal tool. There are many robots available, most of which can be left working whilst you take a vacation or go away on business.

The robots also place the trades for you, based on the information they have. If they calculate that a trade is likely to be successful, it will be placed. If you are thinking about purchasing one of the Forex trading robots then it is worth checking what their success rate is before you buy.

Whether you are a complete beginner or an expert, these robots have been designed for ease of use. It is very simple to find a range of Forex robots by doing an internet search. It is advisable to read any reviews on the products before committing to buy so you know how well they perform.

Forex trading robots will not help you learn how to be profitable in the marketplace by manual methods. But it will give you a foot in the door and potentially help you to make some money. You can always learn other methods and techniques whilst your robot is doing the hard work for you in the meantime!

by Sandy Black

Forex trading has become a topic of great interest lately, ever since the automated trading systems were introduced. This was a market which only saw banks and other large financial investors as players but these days it has become attractive to medium and small time speculators. This is the place where the currency of one country is traded with that of another country. Did you know that trillions of dollars worth of transactions take place here round the clock making it the most energetic financial markets of the world?

Courtesy of the internet, today anyone with web access, a forex brokerage account and some trading experience can participate successfully in forex trading. Close and constant monitoring is required if you want to keep your position as the global market never sleeps. Well with these systems you can choose a currency, its asking and selling price in advance. All you require is your seed money and a broker because your buy and sell orders can be executed in no time.

You can profit from forex trading without becoming an expert as these automated systems can make this happen. When managed accounts use the automated trading systems, the program can easily manage everything for you. A lot of time is saved since you do not do the actual trading; the auto system does it for you. When you monitor the market well, the auto trading system can help you trade multiple accounts simultaneously; this was never fully possible ever with manual trading. When you want to trade in multiple markets with multiple systems, these programs allow you to do this.

You can use automatic forex trading systems any time you like and it does not require your presence. Even if you are physically absent from your computer, you need not miss a single profitable trade. The system helps you to deploy all the profitable forex strategies using a variety of systems. You can divert your investments and minimize risk because each system is geared to be triggered by different trade indicators.

There is no place for human emotions which adversely affect decisions; something that is not possible with these automatic forex trading systems. This way you have the ability to manage and monitor several currencies at the same time as well as trade them as you like.

Even when you start using an automated forex trading system, you have to allow time to learn about trading of technical analysis and market indicators, otherwise, you can not make consistent profits. Even if you use the top-end automated systems, there is no guarantee of success as the forex market is guided by a number of factors and variables. The automated forex trading system allows you the flexibility of customizing it to suit you.