27 Jan 2009

The Forex trading is already a very popular kind of the accessible financial trading. It’s now more like a «people financial trading» with many traders treating it as some kind of the «home business» opportunity. The popularity of the on-line Forex trading (and the popularity of the Forex was insignificant before the on-line era) has began rather recently — about 8-9 years ago. Every new year brings us new changes and developments. What will be the future of the Forex market?

It may seem almost impossible but the Forex market will become even more popular than it is now. A lot of people has already heard about the Forex, but know little about it and never tried trading. If the past several years were dedicated to informing people about the Forex, the next few years will be about getting as many people as possible to actually try trading Forex, at least on demo. The increasing popularity will lead to an increased amount if the related information — analysis, trade ideas, systems, strategies, expert advisors, etc. People will start discussing Forex not only at the dedicated forums and chatrooms, but at the unrelated meetings and parties.

The trends will become less distinctive. The large amount of participants will mean a faster and more flexible reaction to the global events — like natural disasters, acts of terrorism, war conflict outbreaks, commercial news and so on. The volatility will rise also because of the wider range of the systems, strategies and the analytical reports.

The stricter regulation will also influence the market participants, attracting more conservative traders. The unregulated Forex brokers will also remain popular though because some traders will value the cheapness and the easiness of trading more than the comfort of being protected by the state’s laws.

Paid systems and strategies will continue to flourish despite the fact that the free similar version will be widely available. The new marketing techniques will do their work enriching all those who decide to create their own paid «get rich with Forex scheme».

15 Jan 2009

Here's my bold prediction for you in 2009!

You will break your trading resolutions by the end of February.
  • You will abandon your trading plan
  • You will fall into the same destructive trading patterns you resolved to change
  • Your account will earn the same or less than in 2008
I know this this sounds harsh, but statistically speaking, that's what will happen to most traders. So, are you going to let this happen to you?

True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?

Today is January 15, 2009 and February is just around the corner.

Let this be your wake-up call!

Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!

Happy "Disciplined" Trading!!

ForexJourney.com

9 Jan 2009

A Free Trading Video From the World's Largest Market Forecasting Firm

This video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading.
This is just a short excerpt. For a limited time, you can access the full $79 online trading course, FREE.
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You'll get all the details behind the analysis you see in this video preview.


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Happy Trading!!

Forex Jourey

8 Jan 2009

Something to keep in mind when you consider where the currency markets will be heading in 2009.It appears that the Obama stimulus package will contain a $250,000 write off for business expenses. This is huge. Smaller businesses, when generating expenses, are not generally spending their money outside of the US. Vehicles, machinery, tools, raw goods or whatever else is eligible for this tax
FOREX RethinkThough I've been trading the AUDJPY on a 15m chart quite a bit, and with reasonable success, I am thinking about moving to a larger time frame. Well, to be accurate, it's not so much that I plan to use a different chart. What I really want to do is accumulate positions over a longer period of time.Do you know why?Because, if I can accumulate a bunch of positions that are at some
 
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