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Showing posts with label Forex. Show all posts
Showing posts with label Forex. Show all posts

How to Accurate Trading in Forex

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Now Bateeilee Blog will post How to Accurate Trading In forex,You've probably come here in search of a forex trading system that will make your rich in a matter of days. The problem with that idea is that there is no system that will do that for you, that doesn't risk draining all your money in the same amount of time.

Sure, there are plenty of systems for sale on the internet. You can find systems as cheap as $39.95. Sure, something you buy on the internet for under $40 will bring you millions, sounds plausible right?

It's more likely that the person selling the system will make it to a million dollars before you will. If you have ever read about the gold rush in the 1800's you might be surprised to learn that most of the people that got rich were actually the merchants selling tools to the prospectors that were looking for gold.

None of this is to say that there isn't money in trading forex, there absolutely is, just not the way that you typically hear about it. Forex trading, is similar to stock investing, but there are more opportunities for both success and failure.

So, how do you find a 100 percent accurate forex trading system? Stop looking, they don't exist. There is just no such thing as something that will make you rich, risk or work free.

The good news is that you can develop a solid forex trading system that keeps the odds tilted in your favor. You can find some trading systems out there that will yield some results, you just have to accept that nothing is perfect. Early in my trading days, I traded a system called the Bunny Cross. It was a basic system traded by a member on a forum that I frequented while trying to learn forex trading. It worked ok, but it required me to be up half the night waiting for a signal, and that was no good for me, so I moved on.

Finding a trading system comes down to finding something that you can feel comfortable with that actually works. It's about managing your risk appropriately and not getting in over your head. There are some systems that work really well, if you have tight forex risk management. Trading forex online doesn't have to be ultra risky. You don't have to use a lot of forex leverage just because it is offered. You can develop your own low risk system that will turn a regular profit for you. It might not be like those systems that you read about that can provide real wealth for $39.95, (The most impressive part of those systems are always the sales pages) but it can be something that will help you earn a steady income from forex trading over the long term.

For example, you may see a lot of "systems" that say that they can bring you a 300% profit in just a short time. That isn't very likely,but would you be happy with a 3 percent return a month? A 3 percent return on your money in a month is more than most banks are offering in a year. Add to that, 3 percent a month comes out to 36 percent a year, without the effect of compounding profits. If you were careful, it should be pretty easy to develop a simple forex trading system that will generate an average of 3 percent a month.

The forex trading industry is all about how you look at it. If you were to buy every cheap forex trading system out there, you might just quit and think forex is a scam. Some people probably same the same about trading stocks. Forex trading is a legitimate investment vehicle, you just need to treat it with a little respect. Trading forex can be a profitable enterprise, but you need to learn what you're doing and learn about what you're trading. Develop strategies and test them. Think of this the same way you might think about picking a company to invest in. It takes time, and effort, there are no easy answers.

All of this said, forex does hold some advantages over other markets. It's open more days and hours than any other market, and you get the freely available use of leverage. Used properly, these are great advantages. It's all up to you and your due diligence in the end.

What a Forex Trader Mistakes

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Today Bateeilee Blog will post What The Forex Trader Mistake,When getting started in forex trading, there are common mistakes to be avoided. This is a list of common forex trading mistakes.

1. Using Too Much Leverage

One of the biggest advantages of forex trading is the ability to use leverage or trading on margin. One of the most common mistakes that forex traders make is using too much leverage. Using too much leverage is when you have a small account balance, but make a big trade. If the market moves against your position by just a small amount, it can result in large losses. Commonly, the beginning forex trader will get emotional and nervous and close the trade for a sizable loss.
 

2. Over Trading

Over Trading occurs when traders try to look for trading opportunities that are not really there. It happens to new traders very often, because they just want to trade. The result is usually a poorly executed trade that results in an eventual loss. Over trading can also result in traders making too many trades at once and using too much margin.
 

3. Picking Tops and Bottoms

Many new traders attempt to try to pinpoint where a currency pair will turn around and start moving the opposite direction. This is something that is difficult even for professional traders.
 

4. Buying Systems on the Internet

In a desperate search for that 100 percent accurate forex trading systems, traders search tirelessly on the internet trying to find that perfect system. The problem is that it simply doesn't exist. Most of the time, it's just a good way to part with your money and think that it's for a good reason.

Forex Risk Management Basics

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Now Bateeilee Blog will post Forex Risk Management Basics, Forex risk management can make the difference between your survival or sudden death with forex trading. You can have the best trading system in the world and still fail without proper risk management. Risk management is a combination of multiple ideas to control your trading risk. It can be limiting your trade lot size, hedging, trading only during certain hours or days, or knowing when to take losses. 

Why is forex risk management important?

Risk management is one of the most key concepts to surviving as a forex trader. It is an easy concept to grasp for traders, but more difficult to actually apply. Brokers in the industry like to talk about the benefits of using leverage and keep the focus off of the drawbacks. This causes traders to come to the trading platform with the mindset that they should be taking large risk and aim for the big bucks. It seems all too easy for those that have done it with a demo account, but once real money and emotions come in, things change. This is where true risk management is important.


Controlling losses

One form of risk management is controlling your losses. Know when to cut your losses on a trade. You can use a hard stop or a mental stop. A hard stop is when you set your stop loss at a certain level as you initiate your trade. A mental stop is when you set a limit to how much pressure or drawdown you will take for the trade. Figuring out where to set your stop loss is a science all to itself, but the main thing is, it has to be in a way that reasonably limits your risk on a trade and makes good sense to you. Once your stop loss is set in your head, or on your trading platform, stick with it. It is easy to fall into the trap of moving your stop loss farther and farther out. If you do this, you are not cutting your losses effectively and it will ruin you in the end. 


Using correct lot sizes

Broker’s advertising would have you think that it’s feasible to open an account with $300 and use 200:1 leverage to open mini lot trades of $10,000 dollars and double your money in one trade. Nothing could be further from the truth. There is no magic formula that will be exact when it comes to figuring out your lot size, but in the beginning, smaller is better. Each trader will have their own tolerance level for risk. The best rule of thumb is to be as conservative as you can. Not everyone has $5,000 to open an account with, but it is important to understand the risk of using larger lots with a small account balance. Keeping a smaller lot size will allow you to stay flexible and manage your trades with logic rather than emotions.


Tracking overall exposure

While using reduced lot size is a good thing, it will not help you very much if you open too many lots. It is also important to understand correlations between currency pairs. For example if you go short on EUR/USD and long on USD/CHF, you are exposed two times to the USD and in the same direction. It equates to being long 2 lots of USD. If the USD goes down, you have a double dose of pain. Keeping your overall exposure limited will reduce your risk and keep you in the game for the long haul.

The bottom line

Risk management is all about keeping your risk under control. The more controlled your risk is, the more flexible you can be when you need to be. Forex trading is about opportunity. Traders need to be able to act when those opportunities arise. By limiting your risk, you insure that you will be able to continue to trade when things do not go as planned and you will always be ready. Using proper risk management can be the difference between becoming a forex professional, or being a quick blip on the chart.

Trading Forex on a Demo Account

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Now Bateeilee Blog will post Trading Forex on a Demo Account, One thing that has always been beneficial about forex trading is that most, if not all brokers, allow you to use a forex trading demo account to get a handle on trading before actually committing your money to forex trading. If you've never heard of a forex trading demo account, it's an account that looks and acts just like a real account, but the money in it is fictional. 

This can be useful for several different reasons.

  1. Learn how to trade without any risk
    You can use a forex trading demo account to learn how to trade without risking any of your money. This will allow you to make your worst mistakes with play money rather than your hard earned money.

    2.
  2. Learn a new trading platform
    Forex demos can be used to learn a new trading platform when switching from one broker to another. You might think that all brokers allow you to buy and sell in the same way. While that is generally true, there are usually some little items that are different from broker to broker and require some getting used to.

    3.
  3. Test a new trading system
    Sometimes trading systems seem foolproof on paper, but once you actually turn them loose on the market, they fail with style. Using a demo account is the best way to test any new trading ideas or systems that you have in mind, no matter how sure you might feel that it will work.

    4.
  4. Learn Proper Risk Management
    Risk management is tough. It's easy to give a blanket rule of thumb and say something like, no more than 2 percent risk on any one trade, but that will not work for everyone. In my opinion, 2 percent risk per trade is excessive. You might be a trader that likes to have a few trades open at a time, 5 trades that go sour and you are down 10 percent. A forex trading demo is a great place to learn about risk and trading sizing and see how market fluctuations affect your trading patterns or methods. Sometimes, even experienced traders need to make adjustment to their trading methods and styles and a forex demo is a perfect way to do that.
Whether you are a new trader starting out, or an experienced trader trying to test some new trading methods, a forex demo account is a useful tool. If you plan on trading forex at all, you should always trade on a demo account first. The trading account you save could be your own.

Learn Forex in Several Easy Steps

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Now Bateeilee Blog Learn Forex in Several Easy Steps.

1. Read about forex
 
I have written many good resources over the years here on about.com. Forex is a complicated subject, but it definitely has it's rewards for those who are patient and persistent.


2.Get a Demo Account
 
You can read until your eyes burn and still not be able to handle a successful forex trade. I could teach you everything I know about trading and being emotional and it really wouldn't mean much until you actually tried trading and felt the emotion. A demo account allows you to try forex trading, without actually risking your own cash. The only thing to be careful of is that the forex brokers tend to give you a large starting balance that you would not have with a real account.


3. Learn about Leverage  
Using leverage is one of the biggest selling points of forex trading. It's also one of the most common things that wipe out new traders. People that are looking for opportunities will see forex as easy money, which it is, but it doesn't quite happen overnight. Leverage needs to be respected the same way cutting with a large knife needs to be respected.

4. Learn about Risk Management
 
In order to learn forex, you have to learn a bit about yourself. Risk management is one of those things that has more to do with logic than emotion. When you win a forex trade, it creates an emotional high, that makes you want to run out and do it again, maybe even with larger and faster trading. 

Risk management is about avoiding that mistake and sticking to a logical and conservative system that will keep you trading over the long term and keep the money rolling in, even if you make mistakes. A good risk management system, will allow you to take a mediocre trading system and still make money over the longer term.


The Bottom Line

My bottom line advice is that you need to take time learning forex. It's a very exciting and fast paced industry, but it requires some understanding of how the markets work, and a bit of understanding of your own thought process. If you take the time to slow down and actually learn forex and what it's about, you will be a more successful trader. Being patient is not always an easy task, but things that are worth doing right are not always easy.

Trade Succesfully Forex Market

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Bateeilee blogs Now Will share How to Trade Succesfully in the Forex Market. This article is about money management and trading psychology. This is the lesson that you never get with 99% of other Forex systems that you have come across.

I find it interesting that most of the systems out there don't include this because if they actually were successful traders, they would know that this was the key to success and to leave it out makes an incomplete system that won't work!! This tells me that the people that wrote them or are selling them aren't traders at all. They are just in the business of selling HOPE!

Well, if you haven't noticed yet, I am a trader, and I am different than the others. Don't get me wrong, there are honest trainers out there, I learned from one and I am eternally grateful to him.

So let's get on with this. First of all, this is my own interpretation of several sources, and the practices that have worked for me. Please read EVERYTHING you can find on trading psychology, and money management. There are a lot of slightly different views but overall, they are very similar and the main important points are all pretty much the same.

There are two main issues that cause 99% of the problems. Can you guess what they are?
If you answered FEAR and GREED, you are correct. These two emotions are probably responsible for 99% of the worlds problems as well but that is beyond the scope of this course À .

So, now that we know what the big obstacles are, let's try and figure out how to overcome them. In the course of my lessons, I have listed a few but I will put them all together here in one place so that it is easier to follow, and perhaps make it easier for you to develop your own system to help you trade better.

We can't eliminate fear and greed. They will still be there in your heart and mind, but we can make some rules so that they don't interfere with your trading success. We can come up with systems and procedures to follow, since we KNOW ahead of time that fear and greed are major problems. I'm sure you have heard the statistic that 95% of all speculative leveraged traders FAIL. This is absolutely true. Here is another statistic that I believe... 100% of traders that don't know how to overcome fear and greed will FAIL. So does that mean that if I can teach you how to overcome these problems that your chance of success is 100%? Of course not. But I can tell you that you cannot be successful if you don't protect yourself from yourself.

In lessons 1-3 I have outlined a trading system. The first thing you must do, whether you follow my system, another system, or your own system is to follow the rules of the system WITHOUT FAIL. If your system calls for a certain entry point, do not enter until there is a signal to enter.

Systems are designed for a reason. That is why it is called a system. What do we learn from this? Patience. Perhaps the stupidest thing you can do is enter a trade on a hunch.
This brings us to our first FACT:

The odds are in your favor before you enter a trade. This is true for most trading systems. Void of fear and greed, if you follow each system exactly, you will profit. Some systems may offer better profits than others, but overall you should be able to profit with any system, IF you have no fear and no greed.

This brings us to THE BIG SECRET. Other than omitting trading psychology, other systems also don't tell you that you are playing a game of odds. Let's say for example that we are playing "coin toss." Theoretically, for 100 flips of the coin, 50 will come up heads, and 50 will come up tails. Of course, the first 100 may be 55/45, but the more you play, the closer to 50/50 the numbers will get. Our system for "coin toss" is as follows: We play for 20 hours, and flip the coin exactly 5 times each hour, and for every heads that comes up, we get paid $2, and for every tails that comes up we pay $1. This should be a profitable system. After our game we see that heads came up 50 times and tails came up 50 times. (Stay with me here). So at the end of 100 tosses, we have paid $50 and received $100. A profit of $50.

So let's say that during our second game of coin toss, we decide that we are going to let the flipper(hint: the market is the flipper) keep flipping the coin for an hour while we take lunch but we are not going to pay or be paid for those flips. During our lunch hour, heads comes up 5 times in a row (which is theoretically possible, and not that unlikely). And now we are back from lunch, and we are down $10 for the hour. Now, theoretically the odds of 5 tails in a row coming up after 5 heads in a row are pretty good because for every ten tosses, you should have about 5 heads and five tails. So now we get 5 tails in a row and now we are down another $5, for a total of $15. So not counting the 5 tosses during lunch, this leaves 90 tosses that we still have to account for and let's say that they were 45 heads and 45 tails. Our profit for these tosses is $45 (45x2 minus 45x1), now if we take away the $15 for the tosses we didn't take, and that string of losers, we are left with a profit if $30. So lunch and 5 lousy spins cost us 40% of our profits.

Now this is theory but it absolutely applies to this market. If you are picky about what trades you want to take and what trades you don't want to take, you are MESSING WITH THE ODDS. My point for this whole big story about "coin toss" is this: If the conditions are met, TAKE THE TRADE without hesitation. The odds are in your favor, but only if you take ALL of the trades that meet the conditions. When I say ALL trades I know the market is open 24 hours a day and you can't possibly take every trade. You need to pick a time frame and stick to that same time frame everyday and take ALL trades during that time frame.

I can tell you that in the month before I realized this (my first month of trading real money actually), my total profit was 92 pips. I had an idea of what I was doing wrong so I was keeping track of the trades that I didn't take along with the ones that I did. I included entry point, day, time, and whether the profit target was hit or if it was stopped out. Don't get me wrong, I was extremely happy to be in profit after trading for only one month with real money. But then I went back and looked at the numbers for "what could have been." Guess what? Had I taken every trade that met my conditions, my profit for the month would have been 355 pips! I was not happy. But soon I realized that I had messed with the odds. After realizing what I had done wrong (or not done right in this case) I began to have more confidence in my systems. The very next month my total profit was 515 pips, or a 560% improvement just for taking all of the trades that met the conditions. I think that is enough said about that.

Sorry to stay with the coin flip game here but it actually works very well in teaching these principles.

This brings us to:

 FACT #2. You do not need to know what is going to happen to make money. If we know that we are going to make $2 fifty times and pay $1 fifty times as long as we flip the coin, are we going to play? Of course! Well, all trading systems have similar odds. From my testing, I know that this system on average will produce 9 wins of 20 pips for every 1 loss of 40 pips (that number may vary but that is the maximum loss I ever take). So we know ahead of time that 9 wins at 20 pips is 180 pips, and minus the loss of 40 pips, leaves us with 140 pips profit. Now keep in mind that you may be 8 and 2 this week and 10 and 0 next week. We never know when a loss is going to come. We may even lose every trade for a week, but not lose a trade for the next 9 weeks. Believe me it happens. You do not need to know exactly what is going to happen, you just need to take every trade that meets the conditions and then count your profits at the end of the month/week/year etc.

 This section deals with money management as well as psychology. Back to coin toss for a minute. We know that each win brings us $2. And we know that for each win in this trading system we get 20 pips. We know that each tail that comes up costs us $1. And in our system we know that each loss is 40 pips. If we know what our loss is going to be ahead of time, we know what it is going to cost us to find out "what is going to happen." From this we can decide how much we want to risk based on our account size.

FACT 3: You know how much it will cost to find out. I have decided not to ever risk more than 5% of my account on any one trade. So knowing that, I can figure out how many lots to trade ahead of time based on my account size. It may cost $250 in margin for a 1 lot position but this is not what we are risking, we are actually risking ten dollars times the number of pips in our stop. If our stop is 40 pips, we are risking $400. Now we know that we better have at least $8000 in our account to take a position of this size. If this trade turns out to be a loser, and our balance falls to $7600, we know that we can't afford to take that trade again because a loss of $400 is more than 5% of our balance. We would need to adjust our number of lots down accordingly to keep our risk.

What Is Forex Trading

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So what is is Forex trading you may ask? Forex is the exchange you can buy and sell currencies. For example, you might buy British pounds (by exchanging them to the dollars you had), then, after pounds / dollar ratio goes up, you sell pounds and buy dollars again. At the end of this operation you are going to have more dollars, then you had at the beginning.

The Forex market has much higher liquidity, then the stock market, as much more money is being exchanged. Forex is spread between banks all over the planet and as a result it means 24 hour trading.

Unlike stocks, Forex trades are performed with high leverage, usually it is 100. It means that by investing $1000 you can control $100,000, and increase potential profits accordingly. Some brokers provide also so called mini-Forex, where the size of minimum deposit equals $100. It makes possible for individuals to enter this market easily.

The name convention. In Forex, the name of a "symbol" is composed of two parts - one for first currency, and another for the second currency. For example, the symbol usdjpy stands for US dollars (usd) to Japanese yen (jpy).

As with stocks, you can apply tools of the technical analysis to Forex charts. Trader's indexes can be optimized for Forex "symbols", allowing you to find winning strategy.

Example Forex transaction

Assume you have a trading account of $25,000 and you are trading with a 1% margin requirement. The current quote for EUR/USD is 1.3225/28 and you place a market order to buy 1 lot of 100,000 Euros at 1.3228, expecting the euro to rise against the dollar. At the same time you place a stop-loss order at 1.3178 representing a maximum loss of 2% of your account equity if the trade goes against you, 50 pips below your order price, and a limit order at 1.3378, 150 pips above your order price. For this trade, you are risking 50 pips to gain 150 pips, giving you a risk/reward ratio of 1 part risk to 3 parts reward. This means that you only need to be right one third of the time to remain profitable.

The notional value of this trade is $132,280 (100,000 * 1.3228). Your required margin deposit is 1% of the total, which is equal to $1322.80 ($132,280 * 0.01).

As you expected, the Euro strengthens against the dollar and your limit order is reached at 1.3378. The position is closed. Your total profit for this trade is $1500, each pip being worth $10.

Forex Trading Financial Market

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Foreign Exchange or FOREX is the financial market where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.7 trillion changing hands daily; more than three times the aggregate amount of the US equity and bond and commodity markets combined.

Unlike the other financial markets mentioned, the Forex market has no physical location and no central exchange; this makes the Forex market an OTC or over-the counter market. It operates through a global network of banks, corporations and market makers trading one currency for another.

The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another in all the major financial centres of the world.
Traditionally, private traders only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.

Over resent years the way the interbank currency market operates has changed dramatically. The Forex market has become accessible to private traders. The market makers have achieved this through a combination of low margin and high leverage and providing the professional tools and services needed to trade effectively in an independent atmosphere.
For the active trader, foreign exchange should be no different than other investments or financial instruments such as equities, commodities, bonds, notes, bills, etc.
In fact because of the globalisation of the economic world and the consolidation of whole economic regions such as the European Union, having currencies as part of a diversified portfolio simply makes sound portfolio and investment sense.

Just like these other investment alternatives mentioned, foreign exchange offers private traders and investors a market where they can buy and sell an investment product. In this case it is a specific Currency Pairs.

The currency pair may be the Euro versus the US Dollar, the US Dollar versus the Japanese Yen, the British Pound versus the US Dollar, the Euro versus British Pound, or a number of other currency combinations.

The different currency combinations represent nothing more than the value of one currency versus the value of another. That relationship is represented by a single price.

In foreign exchange, the price of a currency pair is the markets expectations at that time of the value of that currency vis-a-vis another currency given the current and expected economic and political situation of the two countries. In equity terms, it would be the price of the stock.

If for example, a country's inflation and interest rates are low and stable. If it's economy is strong and politics are stable and the expectations are for more of the same, then one can expect "in general" for that country's currency to remain strong versus a less fundamentally favourable currency. Keeping in mind that all comparisons are relative to that of other economic regions.

Contrasting that with equity, if the domestic and global economy is strong and inflation is not running away. If competition is not taking away market share or eating into margins as well product demand and growth are strong.

If the companies internal "politics" are such that the workers are happy and productive, and expectations are for more of the same, then you can expect that companies stock to remain strong versus a company with less favourable fundamentals within the same sector.

Like equities there are other factors that determine the short-term value of a product including technical analysis, short-term supply and demand, seasonal capital flow patterns, the current price of the instrument, etc.

By analysing the pricing dynamics and combining that with sound money management discipline like stop loss orders, the trader can insure greater success in his foreign exchange trading.

Forex Trading System Explained

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The forex trading system involves buying and selling foreign currency. Unlike the stock market there is no fixed market for the forex trading system. A good and effective forex trading system allows the traders to transact easily and provide more chances to increase the earnings. Forex, foreign exchange market, is a market place where a currency of one country is sold for another country's currency for some profit. Currencies are traded in pares, like, US Dollar and Japanese Yen or US Dollar and Euro.

Foreign exchange tradings are a great money making opportunity for those who know their way around, for newbie it's a dream world where they either fall hard, sail well or fly high, its not easy to be a successful trader in the forex trading system., it's a mix of luck and experience that must work to find success. There are a lot of companies and individuals over the internet and offline willing to help you earn money from the forex trading system but only a handful of these are true and can actually help. 

Nowadays most of the calculations are done by easy to use software that need minimum input from the user. You will need help initially, and may take some time for you to get to know the forex trading system. The high degree off leverage can sweep you either way, in the forex trading system one has to assess the risk for self, think of the chance one may have individually or with the help of a broker and/ or signal provider one may have and the amount which one can safely risk without putting yourself into financial trouble. It's a law of nature, where there's potential to earn there' potential to loose so just be prepared before you dive in.

Forex Trading Vs Traditional Investment

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Most people are looking for the perfect way to invest their money. No one will argue against the fact that your money is only going to grow by any reasonable amount if you have invested in some type of market. The first piece of advice usually given is that they should take advantage of whatever is offered by their employer's 401k plan, if that is an option for them. This is good, sound and advice and should be followed if at all possible.

However, many people either don't have the option of investing in a 401k, or they have maxed out their 401k contributions and are looking for a good place to invest their additional funds for maximum growth. For obvious reasons (ie - terrible perfomance), traditional savings accounts and CDs are out of the question. These people are usually advised that investing in mutual funds is the only practical, "safe" alternative to a 401k.

Many people hold the belief that a mutual fund is the only "safe" way for an individual to invest beyond the typical savings accounts and CD's offered by their local bank. This belief is no doubt due to the success enjoyed by mutual funds throughout the 1990's, when all of the stock market benefited from the huge bull market that was driven by the tech sector. Ironically, though, just as mutual funds have soared in popularity, they have also peaked in performance, and over the last few years most have seen an astonishing lack of overall success.

So the intrepid investor goes off in search of the perfect mutual fund, only to find that there is a bewildering array of funds to choose from, and an overwhelming number of factors to consider when making that decision. Some people will forge ahead and make a decision on a mutual fund, while others will decide to go to the next level and start looking for investments that give them more control, and hopefully greater returns.

The next level for most investors is usually the stock market, where they hope to achieve phenomenal returns. But most people are not prepared for the reality of investing in stocks, which presents them with an array of choices that is several orders of magnitude greater than that offered by mutual funds. The natural question is: Which is a good stock to invest in? How do you select the one or two rising stars out of all the thousands of stocks there are to choose from?

So just like in the search for a mutual fund, the investor is stuck with the problem of how to pick which investment is the best place for his funds. At this point many people give up, which is a shame, because there are some other options available to them besides mutual funds and stocks.

The most common option considered besides stocks would be commodities. The lure of commodities is that they are able provide tremendous returns for your investment dollars due to leveraging. Leveraging simply means that for every dollar invested you are able to control more than a dollar's worth of commodity. This can lead to tremendous returns, but unfortunately commodities come with a huge downside. One of the disadvantages of commodities are broker's fees, which can be quite high per trade. Another disadvantage is market liquidity... sometimes the markets being traded don't offer enough buyers and sellers to ensure that your order can be executed in a timely manner. This can lead to unexpected losses during times of extreme market volatility.

Another disadvantage endured by commodities traders is the advantage enjoyed by the floor traders in the exchanges. These traders have a huge advantage over the retail trader because they trade with much lower commissions, and also since they have such an intimate knowledge of their market, they know what are the most likely stop and limit targets that have been set by the retail traders through their brokers. This means that they can "flush out" the retail trader by gunning for their stops and taking small incremental profits from the market. Once the small traders have been flushed out of the markets by having their stops hit, the market can continue to move in its original direction. Sadly, many of the retail traders may have been right in their opinion of the direction the market was headed, but they are now out of the market because their stops have been hit.

An alternative to consider to all of the above investment options is to trade the Forex market. The Forex market is the global, electronic, decentralized trading of the world's major currencies. In the past, only major banks government institutions were able to trade on the Forex. But recently the Forex market was opened up to retail traders who are able to trade through retail brokers.

The advantages of trading the Forex are numerous when compared to all the other investment methods. The most obvious advantage is that, unlike stocks, you don't have to search through thousands of different investment types to find a likely candidate. There are a very limited number of currencies that are traded, and most Forex traders only trade in one of the four major currencies: The British Pound, the Euro, the US Dollar, and the Japanese Yen. Each market gives enough volatility to offer plenty of trade opportunities each day. So while the stock trader is busy looking for which stock to trade, the Forex trader is already busy analyzing the market and setting up his trades.

Another advantage of the Forex is that there is no one single "common place" or exchange where the trades are made. The Forex is an electronic market that is traded globally among a network of computers, and is not centralized to any one location. This means that there are no floor traders to compete with, and no one who can "flush out" the retail trader by gunning for his stops.

Yet another advantage of the Forex market is that it is traded 24 hours a day, 5 days a week. This offers the extraordinary opportunity for traders all over the world to trade when it is convenient for them, and not be confined to trading a market that is only open during hours that would impossible or inconvenient.

One thing the Forex offers is identical to what is offered by the futures markets: leverage. Like commodities traders, the individual trading the Forex market can make fantastic returns compared to stocks, mutual funds. But unlike commodities traders the Forex market trades with much lower commissions. Instead of standard commissions, the Forex trader pays a small spread on each trade.

There are a lot of details about the Forex market, and trading the Forex market, that have been left out of this article. This is just a very quick introduction to some of the problems with traditional investing and to the advantages to be had by trading the Forex.

Be sure to check out our free ebook for more info on getting started with the Forex.

Forex Trading Financial Freedom

Posted by Unknown
With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself

To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve

Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

3. Decide What Type of Trader You Are

There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated

Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated

In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals.

What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.

Daytrading The Forex Market

Posted by Unknown
The foreign exchange market (the forex) can be a treacherous market to trade especially if you are not properly equipped for the job. You will need to give attention to the following: the equipment and type of internet connection you have; the overall amount of capital you can put at risk on this enterprise, as well as the amount of capital you are prepared to risk on any one trade;your broker and the reliability of the trading platform; charts and technical analysis; good entry and exit signals; being aware of news releases affecting this market; the need to use a stop loss on each trade to protect your position; the cutting of losses if a trade goes against you; and the compounding of profits.

You will ideally need a Pentium 4 desktop computer running Windows XP with a processor speed of 2.5GHZ and 512MB of RAM. The monitor needs to be at least 17", but 19" or bigger is better. You could get away with a 56K dial-up connection but broadband is usually far better in terms of stability.Some people have been known to trade this market successfully from a laptop which gives them mobility.

YOu will need a minimum of $20,000 risk capital to trade this market. "Risk capital" means that it doesn't include money you require for living from month to month, and therefore you can employ it in the market for speculative purposes. The reason for the entry figure being so high is that it is inadvisable to risk more than 3% of your total risk capital on any one trade. On this basis, the most you should be putting at risk on any one trade is $600 ( that is $20,000 X 3%) using full lots. You could start with a lesser amount of risk capital by using mini lots and still maintain the maximum 3% loss any one trade.

You will need to choose a broker wisely for two reasons: his financial stability; and the stability of the platform he provides. It is best to chose a broker with a proven record in the forex market operating from a well-regulated country such as the USA, UK or Switzerland.This market was only opened up to speculators in 1997, so forex brokers haven't got as long a history as stockbrokers.It is therefore best to chose on the basis of size -you are looking a broker with at least 10,000 clients operating from one of the aforementioned countries. The functionality of the platform the broker provides is important for the execution and tracking of live trades. What you don't want is a platform that always keeps going down at crucial moments in your trading day. In my experience, the platforms belonging the the major brokers are now very reliable although there might be a problem with the continuity of data displayed from time to time.

People who trade the forex market off fundamental analysis have been known to stay in the positions taken for multiple days, weeks, months or even years. If you are daytrading this market, however, you haven't got much choice but to use technical analysis as the basis of your decisions. Therefore charts become vitally important in the decision making process. candlestick charts are the easiest to follow on the screen as it simple to distinguish a bull candle from a bear one just by viewing the different colors. With charts,especially at the start of your trading day, it is best to use the top-down approach.Even though your entry and exits may be made off the 15 minute chart, you should start the day by looking at the daily chart to get the big picture. Then the 4 hour chart, the hour chart and 30 minute can each in turn be consulted prior to your regular chart (the 15 minute) in order to get the top-down perspective on the market.

Breakouts from support or resistance offer good entry points for trades. A support line can be drawn by joining the bottoms of two candles that stand lower than their immediate neighbors remembering that the support line must be tilted upwards therefore the nearest candle the line is connected to must be higher than the further away one. If this line is then extended into the future and is confirmed by a third candle touching the line you have a solid support line. When a candle breaks this support line and a 15 minute candle closes below it and subsequent candles go 5 pips (or points) beyond the bottom of the candle which broke the support line, you have a valid entry point for a short trade (thatis selling the currency pair being traded). Resistance lines are done on the same basis except that the initial line drawn must have a downward slope which when broken, and the the other criteria for entry is met, gives you a valid long entry (that is buying the currency pair being traded).

Before you start your trading day, it is imperative that the daytrader knows when economic news affecting the currency pairs being traded is scheduled to be released.There are various websites that do this but the best one that I have found is http//www.dailyfx.com. If you go to their Home Page, and click on the Calendar tab at the top, a page will open with the words "Weekly Economic Calender for ....." on the top left hand side on which you click to take you to the page where all the scheduled news for the world's major currency pairs are listed on a daily basis. The times of the news releases are given in both GMT and EST so you may have to compensate depending on which time zone you happen to be in the world.Knowing when the news is going to be released is crucial, because depending on its strength is may be sensible if you are in a trade that is making a profit. to take profits before the news hits the wire, or at least tighten up your stop.

It is also sensible never to trade without a stop. For daytrading a stop in the region of 20 - 30 pips is sensible. This is the loss you are prepared to take on the trade if it goes against you. It is also sensible to set your profit objective higher than your loss by 25% -50% dependent upon the quality of the signal generated. Only risk 3% of your risk capital on any one trade. If you start off with $20,000 risk capital and after 4 months or so you have found that it has grown to $40,000, now use 2 lots per trade and thereby employ compounding.When you capital grows to $60,000, you would employ 3 lots and so forth. If your selection criteria is good your capital can build at a surprising rate using this technique.

Forex Trading Overview!

Posted by Unknown 0 comments
Today Bateeilee Blog will share about Forex Trading Overview! Forex, is an exchange that allows investors to trade national currencies through the foreign exchange. This is the worlds largest market for currency, based on the Dollar, anywhere between 1 - 2 TRILLION dollars are traded upon this market on a daily basis. This type of trade is typically performed online or on the telephone. By taking advantage of the world wide web, you are enabling yourself to make your investments in a reliable, easy, safe and fast way.

Some investors are able to enjoy returns of around thirty percent on a monthly basis, this takes a great deal of experience to gain this type of enormous return on your investment. The Forex market does not have one specific place of trade like many of the other markets do, for this reason alone is why most of the trade is performed by internet, fax, or telephone. In the beginning for currency trade was not all that popular, they were bringing in only about seventy billion dollars on a daily basis, with the invention of Forex, that number grew massively.

Of course, the currencies do not only deal with the American dollar, these currencies can be translated to over 5,000 currency institutions world wide, which include, commercial companies, large brokers, international banks, and government banks. Many major countries have forex trading centers such as, Frankfurt, London, New York, Paris, Hong Kong, Tokyo, and Bombay to name a few.

When trading online there are many benefits such as, the ability to trade or track your investments at anytime day or night, from anywhere within the world that offers an internet connection. Another added benefit, is that some online exchange sites allow you to start with a small investment, known as a mini account, some with as little as two-hundred dollars. With online trading, the trade is instant. When you trade offline you have to deal with paperwork, with online trading there is no paper work involved.

The world of the internet, has allow us to do many things with just a click of a button, where else can you bank, trade, talk to your family and friends, research your investments and earn money all at the same time? Make the internet work in your best interest by implementing online trading into your portfolio. There's a whole world of money waiting for you to earn with your online investments, and it's all available at the click of your mouse button.

How is Forex Trading Differents?

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If you're wondering why there seems to be so much buzz these days about forex trading, you're not alone. There are a number of reasons why forex trading is one of the hottest "new" investment opportunities for average folks. Fortunately, more and more information is surfacing about forex, making it a great time to start doing your research.

The purpose of this short article is to present a basic overview of key aspects which differentiate forex from other investment vehicles with which most of us are more familiar. 

Today, the average person has a home computer with an internet connection. In addition, the number of people with a hi-speed broadband connection is rapidly increasing. This places a power and control in our hands that we've never before experienced. It's no longer necessary to have to rely upon the technical infrastructure of banks, brokerage firms and mutual fund advisors. This is incredibly significant. The internet represents more and more independence and choice for the individual to handle investing activities.

The nature of forex fits right in with the independence and freedom of having your internet connection. You can trade anytime from anywhere, starting with a very low investment; under $1000. There are no fees to pay and although the currency market is very liquid, it's also very predictable. You can also make money whether markets are up or down. That's why it works. The really fun thing is that you can get online and practice by paper trading and learn without any risk. Then, after gaining a better understanding of how it works, you can begin with a small amount and make it grow.

Previously, only the "big boys" and financial institutions were in-the-know about forex trading and very active in it as well. Seasoned investors have also been involved over the last few years. Experienced stocks and commodities traders have discovered the power of forex trading. The daily forex trading volume is said to be somewhere in the neighborhood of 1.5 trillion dollars, which is 30 times the combined volume of all the US equity markets. That's some pretty tall talking, but certainly worthy of your investigation. Now, because of certain regulatory changes that occurred in the late '90's and the explosion of home computing & internet technology, forex has become an investment opportunity that most people can be involved with in the comfort of their home as they control their own investment strategies.

Like I said, this is really just a light overview, but I urge you to give some attention to forex trading and discovering more about it. You may find it quite rewarding.

Why Trade The Forex?

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My purpose for writing this article is to demonstrate to you the advantages of trading on the FOREX market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.

So now, let's compare features of currency trading to those of stock and commodity trading. 

Liquidity
The FOREX market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.

Trading Times
The FOREX market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.

Leverage
Depending on your FOREX account size, your leverage may be 100:1, although there are FOREX brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the FOREX market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.

Trading costs
Transaction costs in the FOREX market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.

Minimum investment
You can open a FOREX trading account for as little as $300.00. It took $5,000 for me to open my futures trading account. 

Focus
85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely. 

Trade execution
In the FOREX market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent.

While all of these features make trading the FOREX market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.

Forex Trading

Posted by Unknown 0 comments
Foreign Exchange or FOREX is the financial market where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.7 trillion changing hands daily; more than three times the aggregate amount of the US equity and bond and commodity markets combined. 

Unlike the other financial markets mentioned, the Forex market has no physical location and no central exchange; this makes the Forex market an OTC or over-the counter market. It operates through a global network of banks, corporations and market makers trading one currency for another. 

The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another in all the major financial centres of the world. 
Traditionally, private traders only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. 

Over resent years the way the interbank currency market operates has changed dramatically. The Forex market has become accessible to private traders. The market makers have achieved this through a combination of low margin and high leverage and providing the professional tools and services needed to trade effectively in an independent atmosphere. 

For the active trader, foreign exchange should be no different than other investments or financial instruments such as equities, commodities, bonds, notes, bills, etc. 

In fact because of the globalisation of the economic world and the consolidation of whole economic regions such as the European Union, having currencies as part of a diversified portfolio simply makes sound portfolio and investment sense. 

Just like these other investment alternatives mentioned, foreign exchange offers private traders and investors a market where they can buy and sell an investment product. In this case it is a specific Currency Pairs. 

The currency pair may be the Euro versus the US Dollar, the US Dollar versus the Japanese Yen, the British Pound versus the US Dollar, the Euro versus British Pound, or a number of other currency combinations. 

The different currency combinations represent nothing more than the value of one currency versus the value of another. That relationship is represented by a single price. 
In foreign exchange, the price of a currency pair is the markets expectations at that time of the value of that currency vis-a-vis another currency given the current and expected economic and political situation of the two countries. In equity terms, it would be the price of the stock. 

If for example, a country's inflation and interest rates are low and stable. If it's economy is strong and politics are stable and the expectations are for more of the same, then one can expect "in general" for that country's currency to remain strong versus a less fundamentally favourable currency. Keeping in mind that all comparisons are relative to that of other economic regions. 

Contrasting that with equity, if the domestic and global economy is strong and inflation is not running away. If competition is not taking away market share or eating into margins as well product demand and growth are strong. 

If the companies internal "politics" are such that the workers are happy and productive, and expectations are for more of the same, then you can expect that companies stock to remain strong versus a company with less favourable fundamentals within the same sector. 
Like equities there are other factors that determine the short-term value of a product including technical analysis, short-term supply and demand, seasonal capital flow patterns, the current price of the instrument, etc. 

By analysing the pricing dynamics and combining that with sound money management discipline like stop loss orders, the trader can insure greater success in his foreign exchange trading.

What Is An Forex Trading

Posted by Unknown 0 comments
Forex, is an exchange that allows investors to trade national currencies through the foreign exchange. This is the worlds largest market for currency, based on the Dollar, anywhere between 1 - 2 TRILLION dollars are traded upon this market on a daily basis. This type of trade is typically performed online or on the telephone. By taking advantage of the world wide web, you are enabling yourself to make your investments in a reliable, easy, safe and fast way. 

Some investors are able to enjoy returns of around thirty percent on a monthly basis, this takes a great deal of experience to gain this type of enormous return on your investment. The Forex market does not have one specific place of trade like many of the other markets do, for this reason alone is why most of the trade is performed by internet, fax, or telephone. In the beginning for currency trade was not all that popular, they were bringing in only about seventy billion dollars on a daily basis, with the invention of Forex, that number grew massively.

Of course, the currencies do not only deal with the American dollar, these currencies can be translated to over 5,000 currency institutions world wide, which include, commercial companies, large brokers, international banks, and government banks. Many major countries have forex trading centers such as, Frankfurt, London, New York, Paris, Hong Kong, Tokyo, and Bombay to name a few. 

When trading online there are many benefits such as, the ability to trade or track your investments at anytime day or night, from anywhere within the world that offers an internet connection. Another added benefit, is that some online exchange sites allow you to start with a small investment, known as a mini account, some with as little as two-hundred dollars. With online trading, the trade is instant. When you trade offline you have to deal with paperwork, with online trading there is no paper work involved.

The world of the internet, has allow us to do many things with just a click of a button, where else can you bank, trade, talk to your family and friends, research your investments and earn money all at the same time? Make the internet work in your best interest by implementing online trading into your portfolio. There's a whole world of money waiting for you to earn with your online investments, and it's all available at the click of your mouse button.

Finding a Forex Broker

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Foreign exchange is the largest financial market and everyday new investors plan to jump in when they learn of the benefits, that is, high returns on investment which is as high as 20% per month a month. However, inexperience and over enthusiasm can only do bad and bring in losses so, you'll need an experienced forex broker to help you put your money in the right place at the right time.

 A forex broker with a cool head, preferably with a long list of satisfied clients and experience is the right guy. Once you've found the right forex broker, all that's to be done is, keep a regular check on your investments and it is advised to do it independently to avoid scams, because one can never know. So, how to find the right forex broker, is that the question? Well, good news, this article was written just for you.

 In a market where cash flows faster than the F1 circuit, scams should come as no surprise even with reputed names and it's your responsibility to be aware of where the money is and keep a check on the movement and earnings. Different people prefer different levels of risk and depending on that factor you might like to check how different forex broker work and then select the one from them.

 Even before you start the search, remember to strike down brokers promising windfalls, they are scams without doubt and same for brokers who are promising huge profits or no risk. Trading always involves some form of risk because of the nature of the market which you must be prepared to incur.

 Make sure to check the spread of the forex broker as that's where they earn their money, read their terms of service carefully and check the services offered. There might be a lot of services being offered upfront at no cost but you might be billed for them later on, so make sure to sign up only for the services that are required.

 A forex broker is a long term partner for financial success so, make sure to research their background well. All that's to be done is put in a little effort by checking the credibility of the forex broker or company upfront for peace of mind in long term.

Types of Forex Trading and Strategies

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The foreign exchange market, or forex, being the largest financial market in the World has been the domain of government central banks as well as for commercial and investment banks in a scandalous manner and it exists wherever one currency is traded for another. But recently more numbers of individuals are handling the forex market as it offers trading 24-hours a day, five days a week, and the daily dollar volume of currencies traded in the currency market that exceeds $1.9 trillion daily, making it the largest liquid market in the world. 


"Foreign Exchange" is the place where the money of one nation is traded with the other nation. The most popular pair of exchange in the forex market is "Euro Dollar". You can view these pairs in all forex display screens as "EUR/USD". Forex trading strategies are the key to triumphant forex trading or online currency trading. The management team of One World Capital Group bid proficiency in both Forex trading and internet technologies and proven track records that deals with large, global trading and brokerage operations as well. Forex made easy is as simple as you would want it to be. 


Forex trading is different from trading in stocks entirely and it uses Forex trading strategies that will give you lot of advantages as well as help you to comprehend greater profits in the short term. There are wide ranges of forex trading strategies that are available to investors. It is one of the most useful of these forex trading strategies called as leverage. Knowledge of these Forex trading strategies can imply the difference between profits along with a loss and so it is essential that you fully grasp the strategies that are being used in Forex trading. The world of Forex trading is highly complicated and success requires education and familiarity with terms, charts, signals and indicators. 

As you can be able to access it from home or office from any parts of the country, Global Forex trading is the most profitable and attractive internet income opportunity. And you do not need to do anything or there is no need of internet promotion for getting succeeded. Forex Capital Markets are nothing but foreign exchange markets where the currencies are been bought and sold continuously for profits. These capital markets of forex are present globally and their transactions are always non-stop in this forex cash market. A managed Forex account is forex made easy. Many different companies offer these accounts to their clients. The foreign exchange market is a worldwide market and as per to some estimates is almost as big as thirty times the turnover of the US Equity markets.

Installing Metatrader 4 under Linux

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There is a lot of interest out there in running Metatrader 4 on the Linux platform, however until Metaquotes does a native Linux version, the only option if you want to do it is to run it under WINE emulation.

What follows is a step by step guide to installing MT4 in Linux. I have used the excellent Ubuntu distribution for this task though you may adapt it your distribution easily. This also works on Gentoo for example.

Anyway...

1) Install WINE if it's not already installed. 

sudo apt-get install wine

Once WINE is installed you need to configure it. This is pretty easy. As a normal user (Not Root!) run winecfg from a terminal and it should set itself up. If you want to do any more configuration or tweaking, have a look around the tabs, but for now I suggest keeping it as default.

2) From a valid windows installation, copy over all the fonts into your wine installation. It also assumes you told Ubuntu to mount your windows partition in /windows.

cp /windows/WINDOWS/Fonts/* ~/.wine/drive_c/windows/fonts/

3) Copy 2 needed DLL files from your valid windows installation.

cp /windows/WINDOWS/system32/mfc4* ~/.wine/drive_c/windows/system32/

4) Download mt4setup from your favourite broker, or one of the broker suggestions on rebatefx.com.

5) Install MT4.

wine mt4setup.exe

6) You should now have an icon on your Desktop and a working install of MT4 under Linux! Double click it to launch. Don't be alarmed if it takes a while to run first time.

There are some small problems at the time of writing though. This is to be expected when emulating software written for another platform. These problems may include (They don't happen to everyone), not being able to place limit or stop orders due to an invalid parameter error, not being able to change the width of trend lines, and indicator lines, and in some cases the Meta Editor will refuse to run without a copy of Internet Explorer 6 or better being installed also. While it's no guarantee to fix the problem it's useful to have Internet Explorer installed for those web pages that insist on you using it or for web page development.

To install ie6 you can use the excellent ies4linux package. The following commands should get ie6 installed on your linux machine.

sudo apt-get install cabextract
wget http://www.tatanka.com.br/ies4linux/downloads/ies4linux-latest.tar.gz
tar xzvf ies4linux-latest.tar.gz
cd ies4linux-*
./ies4linux

So there you have it. Metatrader 4 working in Linux. Well, mostly ;)

It's not perfect, but it's a workable solution if you trade by entering at market prices. It's certainly good for news trading when an unexpected virus check or annoying windows update popup steals the focus from the trading terminal losing you precious seconds which may mean all the difference between making a lot of money or just a little. Even worse, losing your chart setups or even your whole account to a virus or keylogger attack.

Good luck and Happy Trading!

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