Archive for May, 2009

Learn Forex: The result is worth getting

Thomas Edison once said “When I have finally decided that a result is worth getting, I go ahead on it and make trial after trial until it comes.” learn forex trading is certainly worth the spending time, effort and investment.

A good education in school equips us with the necessary knowledge so as to prepare us for a job in the society. But many a times these knowledge are not sufficient to equip us with the necessary skill in a recessionary environment. In a recessionary environment like this we need vocational skills that can help us to make money even when we lost our employers. Forex trading is one such vocational skill that can help us ride through the tough times.

The fact that foreign exchange trading can be very profitable makes it exciting, but there is one important aspect that shouldn’t be overlooked. The risk factors in FOREX trading are significant. A good FOREX trader must fully understand margin trading and the implications that it has, as well as the particular opportunities and pitfalls offered by foreign exchange trading.

There are many reasons why the foreign exchange market is so popular and why some many traders want to learn forex. Some of the most important reasons include the high liquidity, the 24-hour availability, the very low dealing costs, and the leverage available.

Participants in the foreign exchange trading include many commercial organizations, but their presence on the market is related to currency exposure due to export and import activities. However, it is the financial institutions that are responsible for most of the turnover on the FOREX market. Banks, funds, brokers – these are the major players on the market, and investing in FOREX is still predominantly their domain. Still, any investor can make the most of these advantages, provided that he/she has solid knowledge of the functions of FOREX market.

Due to the advancement of technology, a FOREX trading account can be opened, and individuals can start trading, without becoming involved with a trading institution or a bank. But the question is, are you ready for FOREX trading?

It is highly recommended that you learn forex before you actually start trading. As stated before, this market offers some opportunities that allow the prospect of huge profits. But the losses can be just as big as the profits.

There are excellent websites offering powerful FOREX trading courses that provide you with all the necessary information, including tips and secrets of foreign exchange trading that you can use to your advantage. Think about it, if you start to trade on the FOREX market without having learned FOREX, you might as well throw your money into the drain. However, if you learn forex before you start investing, chances are you will do very well.

But learning the basics will only get you among the other traders for whom stress is a constant feature. You need to choose a good FOREX trading course that will put you on top of the other traders, and give you the ability to make serious profit. And the good news is that such a course really exists!

Trading on the FOREX market does not come with any restrictions of time and place. You can live in any corner of the world you please, or you can travel anywhere you like, as long as you have access to a computer and an Internet connection. In addition you do not have to start with a huge sum of money, a small amount will do, and soon you’ll be making so much money, that you’ll feel sorry you haven’t considered trading foreign exchange sooner.

Below are some of the trades video (click on the links to watch) that I had executed recently. All of my trades are executed based on a trading strategy call BL TS System.

1. How do I earn US$877 from EURUSD (Part 1)
2. How do I earn US$877 from EURUSD (Part 2)
3. How do I earn US$398 from AUDUSD (Part 1)
4. How do I earn US$398 from AUDUSD (Part 2)
5. How do I earn US$260 profit from AUDUSD
6. How do I earn US$480 from EURUSD

BL TS System is taught at Tactical Trading Academy in the form of online course. To find out more, go to http://TradingEducationProgram.org/ or send email to

Brendan used to work as an investment manager in a hedge fund whereby his job was to generate revenue for the firm using forex trading. Now Brendan specializes in teaching real people how to trade the Forex market for long term financial success. He is a full time currency trader, educator and success coach to many forex traders. Brendan is the founder and CEO of TradingEducationProgram.org, a forex powerhouse online portal that provides premium forex trading tips and resources. It strives to empower people worldwide to improve their forex trading skills and help them path their way to financial freedom. Brendan’s forte is in forex trading, forex market analysis, technical analysis and creating simple, yet powerful forex trading systems. He believes that forex trading is a MUST for long term financial success because stock investment is no longer an answer to enhance your wealth management. He believes we will face a long term recession which will depress the stock market for a long long time. Brendan had graduated with Bachelor of Business (Economics and Finance).

Article Source:http://www.articlesbase.com/currency-trading-articles/learn-forex-the-result-is-worth-getting-941485.html

North Korea’s Nuke & Missile Tests Shake up the Yen!

After testing a nuke and firing off 5 missiles over the past few days, North Korea now says that it has abandoned its truce that ended the Korean War back in 1953.

They basically blamed the decision on South Korea joining the U.S.-led initiative to search ships for nuclear weapons. It called the South’s actions a “declaration of war” and pledged to attack its ships if they were stopped.

Since then, South Korea reports that they see “steam” coming from a plant at North Korea’s main nuclear facility (which had formerly been closed since July 2007). It’s a sign that they aren’t bluffing and that they intend to make “weapons-grade plutonium”.

Meanwhile the U.N. is working on a statement that condemns these actions. However they’d better do better than that if they want to stop this “mad man”! You can’t deal rationally with Kim Jong Il. You can see his insanity in his “Elton John like” glasses and his Elvis hair (JK).

Remember, it was only last month that they launched a missile over Japanese airspace!

So what does all of this mean for currencies? Well, if you love volatility, then the yen is the place to be. See a 5 minute chart below over the past few days and you will see that.

North Korea’s actions are gyrating the Yen! 

If you don’t like sudden volatility, then you might want to avoid the “yen pairs” for now and focus on the “dollar pairs”.

Do realize though that all of this “nuke talk” does ripple through several currencies and it may be hard to avoid altogether.

For when Japan or South Korea is threatened, money flows out of the yen and won and into the “biggest guy on the block” which is the U.S. (world super power and world’s reserve currency too).

So while the dollar has recently broken its uptrend against a broad array of currencies recently, it will have short periods where it “holds up” okay due to the waves that North Korea is now making.

myWealth.com provides affordable, online personal finance courses that enable everyone to effectively manage their money by making sound financial decisions. Making sound decisions is a prerequisite to achieving your financial goals and becoming financially secure. myWealth.com offers numerous courses that cover investing, managing ones personal finances and currency trading.

myWealth.com's team of instructors, led by Sean Hyman and Bob O'Brien, pride themselves in thoroughly answering questions and patiently guiding each and every student through the course. Our instructors have years of experience trading various financial markets. They also have years of experience providing financial planning advice to individuals like you.

Article Source:http://www.articlesbase.com/currency-trading-articles/north-koreas-nuke-missile-tests-shake-up-the-yen-940484.html