Trading on the foreign exchange market can be extremely profitable, but is admittedly not for everyone. In order to be prosperous in the forex market experts have identified five essential characteristics that the trader should possess.
The first characteristic of a successful investor in the foreign exchange market is the ability to accept risk. The forex is extremely risky. It has a high leverage ratio. This ratio is defined as the comparison of debt to equity. A leverage ratio of 400 would not be out of the ordinary in the foreign exchange market, compared to an average leverage ratio of 2 in the equity markets. Keep in mind that while this ratio indicates a higher potential profit, it can also make the potential loss more significant.
Secondly, successful traders should be confident. They should be convinced of their own ability to execute successful trades on the forex. One of the best ways to guarantee this level of confidence is to take the time and effort to research the market and how it operates. This means knowing the terminology and characteristics that make the market what it is. Beginners have many options on how they can increase their levels of awareness about crossing currency, and their overall confidence levels. They can go through a financial institution or knowledgeable broker. In addition, new traders can learn how to trade on the forex by using free tutorials available on many websites. The Internet is a great way to get trading practice using the complimentary demonstrations available online. It is a good idea to take advantage of these free services before actually opening an account and making a trade. Mini accounts are also available. These allow you to get your feet wet with smaller initial investments than a regular account would. Keep in mind that the forex has great potential to be profitable if you have an idea of how it works.
The third characteristic of a prosperous trader in the foreign exchange market is patience. A successful investor realizes that they may have to accept small losses in order to obtain profits in the long run. It's important to understand that Forex trading, like any business venture, will have its peaks and slumps.
The fourth is you should be prepared to stick to your system despite these fluctuations to maximize profits in the long run. Having patience will help investors stay loyal to the plan they've developed without deterring because of normal ups and downs. A successful trader will also be extremely disciplined. Because the foreign exchange market never closes, opportunities can present themselves at odd hours of the day or night. A forex investor must possess the discipline it takes to constantly monitor currency charts, current events and leading economic indicators. They also must maintain high levels of discipline to avoid deviating from their system. They will stick by their strategy despite minor market changes.
The fifth characteristic that experts agree that a prosperous forex trader must possess is the ability to know when to exit the market. Investors that stay in the market too long can see their profits dwindle rapidly. If your market indicators and signal service demonstrates that it is time to exit the market you should do so. Remaining in the market despite signs warning you to exit is usually motivated by greed or ignorance, and will usually result in a financial loss. While the foreign exchange market draws many investors because of it unique attributes and numerous benefits it does not suit everyone. In order to be successful in the forex it is important that you meet all of the above characteristics. By www.forexaxis.com
Sunday, August 31, 2008
Saturday, August 23, 2008
LEARNING FOREX WITHOUT SPENDING A DIME ON E-BOOKS AND SCAM SITES
It is with a lot of research that I came across this website that freely gives you an A-Z run down on Forex Trading. The cool thing about this website and the author is the way the Forex Education curriculum is organised. It starts from preschool and takes you through kindergarten down to college.
Here are some of the comments and feedback I got from the site:
“I need to thank you for a simple to understand, yet comprehensive site. I have been researching many sites for the past 6 odd months and I think yours is the best from all that I have seen!”- Regil Kumar
“You guys ROCK! Thank you so, so, so, so, so (how long ca I go on) so, so, so much for developing this site! You've put everything in such an easy and fun way! I've learned stuff in the past few days that I have been trying to learn for MONTHS!!!”– Alisha Richardson
“Your site ROCKS! I love the information you provide, the way it is organized, and most of all the entertaining and somewhat light-hearted manner in which it is delivered. I've read plenty of dull, boring texts on Forex, but yours has personality, and that makes it so much easier (and more entertaining) to read! Thanks for all the work you've put into this, and for sharing the knowledge you've gained with the rest of us!”– Charlie Sumpter
“OMG!!! I wish I had found this site 3 months ago!!! I have been overwhelmed by all the fx info out there, it's scary reading message boards of people spending ALL that money for trading programs that have not worked...everything is starting to look like a scam. I LOVE this site!! So wonderfully simple to understand and concise, it pulled a lot of things together for me that I wasn't understanding how they related to one another. THANK YOU so much!!!”– Bonnie
I do not need to bore you any longer so head on ahead and see for yourselve TO http://www.babypips.com/
You will enjoy the experience and also realise that it is not the student but the teacher and the passing of knowledge rests on most of the times.
Here are some of the comments and feedback I got from the site:
“I need to thank you for a simple to understand, yet comprehensive site. I have been researching many sites for the past 6 odd months and I think yours is the best from all that I have seen!”- Regil Kumar
“You guys ROCK! Thank you so, so, so, so, so (how long ca I go on) so, so, so much for developing this site! You've put everything in such an easy and fun way! I've learned stuff in the past few days that I have been trying to learn for MONTHS!!!”– Alisha Richardson
“Your site ROCKS! I love the information you provide, the way it is organized, and most of all the entertaining and somewhat light-hearted manner in which it is delivered. I've read plenty of dull, boring texts on Forex, but yours has personality, and that makes it so much easier (and more entertaining) to read! Thanks for all the work you've put into this, and for sharing the knowledge you've gained with the rest of us!”– Charlie Sumpter
“OMG!!! I wish I had found this site 3 months ago!!! I have been overwhelmed by all the fx info out there, it's scary reading message boards of people spending ALL that money for trading programs that have not worked...everything is starting to look like a scam. I LOVE this site!! So wonderfully simple to understand and concise, it pulled a lot of things together for me that I wasn't understanding how they related to one another. THANK YOU so much!!!”– Bonnie
I do not need to bore you any longer so head on ahead and see for yourselve TO http://www.babypips.com/
You will enjoy the experience and also realise that it is not the student but the teacher and the passing of knowledge rests on most of the times.
Sunday, August 17, 2008
REJUVENATE WORLD WIDE'S ANTI-AGING SERUM
I will start with the juicy part of it. Rejuvenate World Wide is not just any other cosmetic company that just wants to sell their product. Rejuvenate World Wide is offering an opportunity for individuals to earn income by becoming a Rejuvenate Worldwide distributor. You do not need any money to enrol, tour their website and get yourself on the way to making from $2000 and $11,000 a month.
THE PRODUCT
Here is introducing AGELESS. A Brand new first of its kind product from Rejuvenate World wide.
THE PRODUCT
Here is introducing AGELESS. A Brand new first of its kind product from Rejuvenate World wide.With Ageless, See and feel the rejuvenating effects of Glycosaminoglycans, Elastin, and Collagen as they firm and tighten your skin. These key ingredients also help to moisturize your skin by increasing your skin's hydration levels, essentially "plumping" the skin to help fill in wrinkles and make you look younger. Experience the immediate results as you look and feel up to 10 years younger within minutes.
With ingredients like Aloe Vera gel, CoQ10, and some of the world's most powerful natural anti-oxidizing extracts, you can reverse the aging process and revitalize your skin back to its youthful radiance and beauty.
These ingredients 
condition the renewal and production of new cells, while helping to improve and eliminate skin imperfections including discoloration, age spots, and rough texture to reveal clearer, more radiant looking skin that continues to improve with each application.
condition the renewal and production of new cells, while helping to improve and eliminate skin imperfections including discoloration, age spots, and rough texture to reveal clearer, more radiant looking skin that continues to improve with each application.
Follow the link to read all about it here Rejuvenate World Wide . AND GUESS WHAT I'M ALREADY IN THE MATRIX. and here is my own website for marketing the product: http://aiqokoye.rejuvenatetour.com/?source=naijamarket
Friday, August 15, 2008
AUTOMATED FOREX SYSTEMS. DO THEY REALLY WORK
Using an automated forex systems has some significant advantages over discretionary trading.
The many advantages include:
You do not need to be present physically to trade the system. The system trades 24 x5. You don’t miss trading opportunities because you are away from the platform.
You can diversify your trading by using multiple systems, this spreads out your risk and smooths out your equity line
An automated forex system removes the fear and greed you will experience when trading live manually and trades a system with consistency and most importantly without hesitation. 2 areas where most traders fail.
Automated Forex System - Shark EA - Review
The Shark EA Automated Forex System watches 12 indicators, pivots, fibs and support and resistance levels on multiple time-frames to make a trading decision. Every trade is secured by a fixed stop-loss (with the initial order). The Shark executes 2 trades on an average trading day with a win ratio of 85% from all trades. The recommended risk-setting per trade is 1%-3% of your equity. The System is tested back to 1999 and is since January '07, it is used on a "LIVE" account. Actual P/L on Live Account: +927% since January 2007. You can verify this with 3rd party login to the Live account.
Automated Forex System - Griffin EA Review:
The Griffin EA is an intra-day automated forex system executing 1-2 trades on an average trading day and has a win ratio of 89%. uses higher time-frames to determine the actual market direction and lower time-frames to determine turning points. Every trade is secured by a fixed stop-loss (with the initial order). The recommended risk per trade is between 2%-4% of total equity. The Actual P/L on Live Account is +129% since September 2007. As with the Shark EA, you can verify these results with 3rd party login here.
SniperForex.com
Sniper Forex is a manual indicator system that uses a precision algorhythm to provide precise entry and exit points. It has been designed for MetaTrader mt4, a market leading, widely available trading platform which you can download for free here
The system comprises three trigger lines, with an arrow telling you when to buy and when to sell. Simplicity itself - blue buy and red to sell.Over the past 5 years it has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. On our chosen timeframe and currency wins outnumber losses 2:1, but are also almost three times larger!
Other Forex Systems Reviewed
Peter Bain Forex
4x1 Forex System
Mechanical Forex System
Surefire Forex Trading
Forex Scalping Strategy
News Trading Strategy
241 Forex System
Fibonacci Trading Systems
Nigeria Forex Trading Websites Review Coming Soon!
The many advantages include:
You do not need to be present physically to trade the system. The system trades 24 x5. You don’t miss trading opportunities because you are away from the platform.
You can diversify your trading by using multiple systems, this spreads out your risk and smooths out your equity line
An automated forex system removes the fear and greed you will experience when trading live manually and trades a system with consistency and most importantly without hesitation. 2 areas where most traders fail.
Automated Forex System - Shark EA - Review
The Shark EA Automated Forex System watches 12 indicators, pivots, fibs and support and resistance levels on multiple time-frames to make a trading decision. Every trade is secured by a fixed stop-loss (with the initial order). The Shark executes 2 trades on an average trading day with a win ratio of 85% from all trades. The recommended risk-setting per trade is 1%-3% of your equity. The System is tested back to 1999 and is since January '07, it is used on a "LIVE" account. Actual P/L on Live Account: +927% since January 2007. You can verify this with 3rd party login to the Live account.
Automated Forex System - Griffin EA Review:
The Griffin EA is an intra-day automated forex system executing 1-2 trades on an average trading day and has a win ratio of 89%. uses higher time-frames to determine the actual market direction and lower time-frames to determine turning points. Every trade is secured by a fixed stop-loss (with the initial order). The recommended risk per trade is between 2%-4% of total equity. The Actual P/L on Live Account is +129% since September 2007. As with the Shark EA, you can verify these results with 3rd party login here.
SniperForex.com
Sniper Forex is a manual indicator system that uses a precision algorhythm to provide precise entry and exit points. It has been designed for MetaTrader mt4, a market leading, widely available trading platform which you can download for free here
The system comprises three trigger lines, with an arrow telling you when to buy and when to sell. Simplicity itself - blue buy and red to sell.Over the past 5 years it has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. On our chosen timeframe and currency wins outnumber losses 2:1, but are also almost three times larger!
Other Forex Systems Reviewed
Peter Bain Forex
4x1 Forex System
Mechanical Forex System
Surefire Forex Trading
Forex Scalping Strategy
News Trading Strategy
241 Forex System
Fibonacci Trading Systems
Nigeria Forex Trading Websites Review Coming Soon!
Thursday, August 14, 2008
THE NEW FACE OF NAIJAMARKET
Hey I'm back to this blog for good. I promise not to live this blog alone for too long anymore. I'm back with a new face and a new line of topic for discussion. I am going to be talking about money a lot here and how to make it legit on the internet without having to scam anyone. I will also try to warn you about the different scams going on online that every country is guilty of. In all i am going to open your eyes to the fact that there is hope for you as a Nigerian.
We will go on a journey to uncover the mystery of making money online. Which you have probably tried to unravel and in the process get scammed! or meet a brick wall with a lot of marketing tools and e-books that you bought of affilliate marketers who in turns have also been scammed into buying materials with a promise that those materials would provide them with quick money ideas or secrets.
Let me say here that making money legit is never easy until you pay your dues. By your dues and for online business I mean working for long hours researching every lead, checking every domain name for authenticity, reading between those lines of promises of huge income streams to find out more, checking for the authoritative trends of such promises, above all spending some money also because some information cannot be gotten free and to make money you have to spend money. Investment of time & money is the key to Forex, MLM, HYIPS, AFFILLIATES, WEBSTORE, BLOGS, FORUM,
So if you are in a hurry to make a quick buck by scamming, watch out you are destroying and closing every avenue that is open to you and your fellow Nigerians to make a living other than sit around waiting for a government that make things better.
On that note, here is a mail i just recieved from a forex broker that i used and the sad news is I have just lost one opportunity that I use to make money online:
"Hi, ******,
******FX will no longer be accepting account applications from citizens of Nigeria. *******FX is taking this action due to the rapid increase in instances of fraud that promises unrealistic expectations in FOREX trading that specifically target Nigerian citizens. To protect the citizens of Nigeria from fraudulent schemes we advise that Nigerian citizens be aware that there are risks associated with FOREX trading and there is no methodology that can eliminate risk or guarantee performance.
We apologize for any inconvenience.
Kind regards,
******** FX
Sadly I am not one of those fradulent people. But I am a Nigerian. Period.
Where does this leave me. Go back home and plan a scam "deeper grave".
I am sure that you have come across adverts, jingles, posters especially in big cities around Nigeria of Forex Seminars and Trainings paraded with long speeches on the radio and tv on how you can make unrealistic profits from trading forex. Well things are getting out of hand because as usual you can not separate the good from the bad guys when you have the bad guys out-numbering the good guys by a ratio of 1:500.
Please come by this blog as many times as you can because I am going to be sniffing and speaking a lot.
Cheers to a better Nigeria!
We will go on a journey to uncover the mystery of making money online. Which you have probably tried to unravel and in the process get scammed! or meet a brick wall with a lot of marketing tools and e-books that you bought of affilliate marketers who in turns have also been scammed into buying materials with a promise that those materials would provide them with quick money ideas or secrets.
Let me say here that making money legit is never easy until you pay your dues. By your dues and for online business I mean working for long hours researching every lead, checking every domain name for authenticity, reading between those lines of promises of huge income streams to find out more, checking for the authoritative trends of such promises, above all spending some money also because some information cannot be gotten free and to make money you have to spend money. Investment of time & money is the key to Forex, MLM, HYIPS, AFFILLIATES, WEBSTORE, BLOGS, FORUM,
So if you are in a hurry to make a quick buck by scamming, watch out you are destroying and closing every avenue that is open to you and your fellow Nigerians to make a living other than sit around waiting for a government that make things better.
On that note, here is a mail i just recieved from a forex broker that i used and the sad news is I have just lost one opportunity that I use to make money online:
"Hi, ******,
******FX will no longer be accepting account applications from citizens of Nigeria. *******FX is taking this action due to the rapid increase in instances of fraud that promises unrealistic expectations in FOREX trading that specifically target Nigerian citizens. To protect the citizens of Nigeria from fraudulent schemes we advise that Nigerian citizens be aware that there are risks associated with FOREX trading and there is no methodology that can eliminate risk or guarantee performance.
We apologize for any inconvenience.
Kind regards,
******** FX
Sadly I am not one of those fradulent people. But I am a Nigerian. Period.
Where does this leave me. Go back home and plan a scam "deeper grave".
I am sure that you have come across adverts, jingles, posters especially in big cities around Nigeria of Forex Seminars and Trainings paraded with long speeches on the radio and tv on how you can make unrealistic profits from trading forex. Well things are getting out of hand because as usual you can not separate the good from the bad guys when you have the bad guys out-numbering the good guys by a ratio of 1:500.
Please come by this blog as many times as you can because I am going to be sniffing and speaking a lot.
Cheers to a better Nigeria!
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