Stocks and Forex 24 Hour Trading

Here I am going to share with you some real life experiences. The lesson here should serve as my free lesson on how to implement a sound money management principle into your trading. Whether you are an active trader, or are thinking about embarking on a trading career, having a good money
management system will help you sleep at night if nothing else.

A few years ago I flew to Texas to attend a weekend trading course with the top trader in the world (or one of the time.) His name is Kent Calhoun and he had a reputation for being able to predict the tops and the bottoms of any market with uncanny certainty. Now I know this may sound like a fairy story, but bear with me. He was a 'technical' trader meaning that he used
patterns in the market to predict what would happen next.

He believed that patterns on a trading chart would repeat themselves over time. Therefore, after seeing a particular market move on the charts he would look back at historical records to see where the market was likely to go based on the pattern in front of him. To Kent, if a market pattern followed through 95% of the time in the past then there was a 95% certyty that
it would follow through again. Now, if you think about the fundamental logic behind this reason argument, then it is actually quite solid. However, it was Kent's philosophy on money management which put him leagues ahead of his competitors.

To sum his theory up let me give you it straight. It's all about using 'stop losses'. If you are trading and do not know when to get out of the markets then you are a train crash just waiting to happen. Until I learned this from bitter experience I just assumed that this particular part of his
training could be 'side-swerved'. So, trust me when I say this. If you can follow this money management principle and you have a good trading system to work with, then you stand a pretty good chance of beating the rest of them. Here is my forex trading money management principle. Never risk more than 2% of your account balance on any one trade. That 13 word sentence could save your life, trust me. In saying that, if you have a brave heart and a big wallet then there
is a lot to be said for stocks and forex 24 hour trading.

Source by Chris Canos

Forex – Forex Robots – A Review

The huge amount of currency trading method successfully performed in a reliably large arena is what we call foreign exchange, briefly denoted as Forex. Forex is known in the names of Fx and currency as well. Forex robots are designed to ensure the safety of investor's money. They maintain and look after the investor's money, so that the investor can meet with profit.

Forex works round the clock, so it is impossible for a human being to manage it all the time.

It is for this reason; the Forex robots are designed for. They are nothing but software programs, installed to aid the investor achieve a profit. They provide the investor with fast and safe trade, to gain a profit.

The Forex robots are of many types. Most of them aid the investor in trading by analyzing the past trade conditions. But a special Forex robot called Forex megadroid is designed to foresee the future trading conditions, thus helping the investor to buy the suitable currency which is about to increase in future.

The foreign exchange is a mammoth place where buying and selling of foreign currencies takes place. The western countries holding the USD, EURO, POUND, and STERLING opt to exchange their currencies, with the help of the Forex.

Although there are similarities between Forex and other equity markets, Forex differs from other market by certain parameters. Forex shows very high liquidity, huge volumes of trade, low margin profit.

The very peripheral factor which contradicts it from others is, it offers a very low capital amount to start the trade for first time, if the investor has 300 dollars, without questions he can trade. The less the capital amount, the invested money will be in more control.

In equity shares we have invest several thousand dollars to start the trade for first time.
Once the investor deposits huge money likes this, he should be prepared to face losses too.

Unlike in equity trade, Forex is very much common to all. As soon as a fluctuation in the value of the money with respect to the foreign exchange rate occurs, it is declared globally at the same instant.

To attain profit, the equity trade investors have to check the condition of the market, whether it is bullish or bear market. But Forex can provide profit whatever the condition and direction in which the market heads to.

Source by Anand Kannan