Get the Loan You Need without Paperwork Hassles

July 24, 2011 by  
Filed under Forex Articles

When you’ve got everything organized with your lender regarding loan terms, you’ll be expected to fax in all of your paperwork to the loan provider. This can be a lot of work as anyone that’s gone through it can tell you. First, you have to gather all appropriate documents and hope you’ve got everything required.

Then you’ve got to find a fax machine so you can fax all the paperwork to the correct agency. If you’ve got a fax machine, it’s not a problem. If not, you’ll be racing all over town trying to find one. Not to mention the problems of the documents being too light or too dark when they arrive at their destination.

Now, all of that may be a thing of the past for people that don’t need to borrow large amounts of money. People living in the UK can borrow 40 to 800 pounds without having to fax in any paperwork at all. These no fax payday loans can be used for those little emergencies that tend to crop up when you can’t afford them. However, if you need more money than that, you’ll have to fax in your documents to a regular lender.

Something else that’s great about no fax payday loans is their quick approval. Since no documentation is needed, it cuts down quite a bit on the time involved to approve someone for the loan. You simply enter your details through an application found online and submit it. In seconds, you have your answer.

While the no fax payday loans may be a lot simpler to obtain, there are still some things you’ll need to do first. To begin with, make sure the lender you’ve chosen is a reputable one. Then you must provide a few details about yourself as there are some requirements to be met. These requirements are that you must be at least 18 years old, must have a bank account where your salary is directly deposited, your bank has to have a direct debit facility, and, possibly, you’ll be required to have a checkbook.

Payday loans
are typically secured ones, only needing a post-dated check from you as an agreement to a timely repayment. The lender will cash the post-dated check on the payment due date. This due date for final payment is usually a week or a month. The idea is for you to pay off the loan as soon as you get your next paycheck. Get such loans to buy what you need, which may vary from buying a house to resturant equipment financing.

What is Fixed Odds Trading and How Does it Differ From Spread Betting?

May 21, 2010 by  
Filed under Forex Articles

Fixed Odds trading is essentially speculation on the outcome of an assets future price movement. You don’t actually own the physical asset but you place a trade to take advantage of its predicted price movement.

If for example you think that the FTSE Index of leading shares will fall over the next two weeks, you could place a trade to profit from this move. Or you might think that Sterling (vs the US Dollar) will not touch1.70 over the next 15 days, again you could place a trade on this outcome.

First, you check the odds (percentage return) that the broker is offering for your desired (price) level, bet type and selected time frame. Then if you are happy with the return being offered you place the trade. If your prediction proves to be right at the end of your selected time frame you receive your profits. Maybe you traded to make a 25% return from this movement, maybe 40%, 100%, 300% or even more!

On expiry, profits are instantly credited to your account and can be withdrawn or used for your next trading opportunity.

The configurable time frame for your trade means you can simply ‘dip’ into the markets as and when an opportunity arises. This allows you to profit from short term movements without being committed to holding an asset even if the market turns against you.

This differs from traditional forms of trading such as Spread betting and makes it better suited to most traders, especially in volatile markets.

With Spread betting, money is bet per point (per pip for currencies). The level of stake for each point of movement is set by the trader subject to the minimum limits of the broker. These limits will vary but are often 1 – 50 dollars per point depending on the market traded. For a buy trade, a profit is made for every point the market moves above the placing price and a loss is incurred for every point the market moves below the trading price. A sell trade simply operates in reverse. When the trade is closed the total number of points moved is multiplied by the stake placed. This determines the profit or loss from the trade.

For example an 80 pip movement in your favour on the GBP/USD exchange rate at 5 dollars per pip, would net a return of:

80 (number of pips moved in favour of trade) X 5 (stake per point) =+400

So if you had called the direction of the market correctly then this would be your profit.

However if you hadn’t and the market moved 80 pips in the opposite direction to your trade, then this would be your liability or loss.

80 (number of pips moved against trade) X 5 (stake per point) = -400

In fact you are liable for all losses incurred until the trade is closed! In a fast moving (or even gapping) market this can be a very dangerous strategy, even with a Stop loss in place! So while Spread betting offers the potential to make high profits, the flip side is that you could also be liable for unlimited losses!

Become a Forex Trader – How to Learn Quickly and Make a Triple Digit Income in 30 Minutes a Day!

December 7, 2009 by  
Filed under Forex Articles

Here we are going to look at getting the right Forex education to become a Forex trader from home. You will learn what you need to do, to start trading like a pro and making a great second income; simply follow the tips in this article and your all set to enjoy success.

First let me make one point clear – you have to make an effort and learn skills to win, there are no short cuts! If you think the route to success is to use a cheap Forex robot and make no effort, then you are going to lose so don’t trade Forex. You are trading in a market where 95% of all traders lose money, so you need to learn skills however the really great news is to learn the basics doesn’t take long and you only need a simple system.

A simple and robust trading system, can make you far more than a clever and complex one, because it has fewer parameters to break and it’s a fact that anyone can learn to trade; it’s a specifically learned skill and doesn’t require any college education or lots of effort, you can learn all you need to know in a few weeks.

Now you might be saying – it can’t be that easy, you just said 95% of traders lose!

Now the point I want to make next is that a good system which can make money won’t, unless you trade it correctly and we now come to the key to Forex trading success which is the one most traders can’t master and that’s trading their system with discipline.

Mental discipline is the key to success, because you have to have the confidence to trade through periods of losses, take them and keep them small and the reason this is so hard for most traders is they have egos. They hate being wrong and rather than take losses, they run them and they join the majority of losers.

Achieving Forex trading success is dependent on accepting you can’t win a lot of the time and taking your losses and staying on track until you hot profitable trends. The market is all powerful and it does what it wants, when it wants and its futile to argue with the price! – it can only be right and you can only be wrong but that doesn’t mean you can’t win.

To win at currency trading respect the market, take your losses and it will reward you with some big trends you can run for huge profits which will give an overall great second income, for around 30 minutes work a day.

As you can see, anyone can learn a system and anyone can win providing, you decide to get a disciplined mindset from the outset.

Forex Autopilot Review – How Will it Help You Make Money?

December 7, 2009 by  
Filed under Forex Articles

The forex auto pilot software also known as the FAP turbo was developed by Marcus Leary. It is automated software which was developed with the sole aim of helping the forex traders to ease out their trading practices. Right from its launch the autopilot has produced rave reviews in the trading circuit because of its efficiency. The forex autopilot helps you in managing your trading portfolio. This also helps to rule out much of the work that is based on the predictions. Though many a things are expected from this auto pilot has it lived up to its expectations?

The forex autopilot has proved itself to be user friendly software. Though this is a common feature among many robots the FAP turbo has customized settings to suit individual needs. Every trader has his own strategies and tolerance to risk. Compatibility with your system is very important since there is a threat that if you do not understand your system properly you are sure to lose a great deal of money.

You cannot expect 100% results if you have no compatibility with your system and is not willing to put that extra amount of work that is needed. One should be clear and know the basic functionality of the system in order to attain efficiency in trade. It is alright to lose money at some point of time in your trading practices. No trader has a 100% track record but it sis equally important for you to learn from those mistakes to make your career successful.

It is important to make your self comfortable and be confident with the robot that you trade with. If you are clear with what you are doing then in no time you will find a high in your charts. The important aspect of the forex auto pilot is that it can make quick decisions and act according to the needs of the situation. When your knowledge coupled with the technical advancements of the FAP turbo it is sure that you can see a better track record.

Although the facts claim a greater gain percentage when you are working with the forex auto pilot it only is achieved through commitment to your work with a better and deeper understanding that it is only a tool to guide you through the process and the rest should be done only by you.

Trading Forex Using Price Action Strategies

December 7, 2009 by  
Filed under Forex Articles

Price action analysis is the most efficient and logical way to trade the forex market. Using this technique to trade the market will enable you to focus more on your own self-control and money management schemes which as any professional forex trader will tell you are far more important than analyzing every economic release or technical indicator. Price action strategies work really well in the forex market due to its high liquidity and 24 hour trading hours. By learning a few well defined and time tested price action strategies you can learn to spot price setups in real time on any time frame in the forex market. Contrary to popular belief you do not need a complicated method to analyze the market. All you need is a trading strategy that gives you an edge in the market that when combined with discipline and money management will bring you consistent profits over time.

Imagine sitting down at your trading desk at the end of your work day and looking over the daily charts of your favorite forex pairs and knowing exactly what to look for. You don’t need to interpret multiple lagging indicators and read the Wall Street Journal every day. All you need to do is learn how to read what the price chart is telling you. By knowing a few solid price action patterns to look for you can just sit and wait for the perfect setup to form and then pounce on it like a Tiger waiting in ambush for its prey to walk by. Most beginning traders are like a baby Tiger that doesn’t know how to hunt yet. They run at everything that moves expending all their energy and by the time the easy prey comes along they are too tired to get it or miss it all together. Forex trading is the same way. You can waste your money on stupid trades that aren’t any better than flipping a coin or you can sit and wait for your defined setup to form and then jump on your trade with cautious confidence.

By knowing what price action strategies to look for and which ones work the best you give yourself some huge advantages over other traders. By not overtrading and preserving your trading money until a high probability setup comes along you will grow your trading account much quicker than if you were to enter a bunch of random trades out of emotion. By knowing what to look for in the market you can spend less time wondering what you should do while sitting at your trading desk and more time living life. Many forex traders that use price action strategies only look at the forex charts once a day for thirty minutes or so. They know what they are looking for; if it is not there then they wait for the next day. This is a much less stressful and more consistent way to trade. Price action strategies are great for the person who does not have a lot of time or that doesn’t find it particularly entertaining to sit and stare at price charts for hours.

While you can never control the market, price action strategies will give you a perspective on the market that allows you to discern garbage market noise from real profitable setups. Knowing what you want the market to look like before you enter will save you much time and frustration from over analyzing every little market movement or piece of data. I have generally found the less traders look at their charts the more profitable they become. The natural tendency is to do the opposite however, which is partially why so many traders lose all their money. Price action analysis is the best way I have found to trade the forex market and has clarified my view of the markets as well as saved me countless hours of precious time.

The Forex Sorcerer – What is the Logic Behind the Magic?

December 7, 2009 by  
Filed under Forex Articles

From $100 to over $3,000,000 in 5 years? No mistake! That’s over $3Mil!

That’s what the creators of this Forex Sorcerer robot is claiming. The claims are even greater with a larger initial investment. There are live accounts to back this up. And do they ever! Seven statements showing 7 years of live trading! It isn’t back testing results, too!

It is the only results that make any difference.

Here is the what is being said;

“So what does Forex Sorcerer have to offer its users? Simply put, Forex Sorcerer catapults your profits. Being a cold, hard, cash-generating machine, it’s impervious to the ups and downs of other traders, to the influence of news and events, and to the other problems that can quickly turn a wad of cash into a big ball of nothing for people without the right tools and knowledge.”

The first thought that comes to mind when you hear such unbelievable numbers being presented are that it’s fake. We’re not moved when we hear these numbers. The kind of numbers that we take into consideration are the ones that we get from testing these robots. The lure of quick and easy money is strong.

Look, making money in forex is difficult. Don’t believe any person that will tell you that it is. Forex robots have come along and promised easy profits but there are a few things that we look for in them before we even get into testing them.

Unlike the Forex Sorcerer and other more recent ones, the early versions of forex robots did nothing more than automate the task of reading indicators and making trades based on them. Thusly, they all displayed the same characteristics that most all forex systems that use indicators suffer from.

To say it another way, early forex robots were prone to failure.

The Forex Sorcerer and newer forex robots are the next generation of trading robots and they utilize the latest innovations and discoveries using complex algorithms to perform calculations that are not humanly possible to make correct trades.

I’m no mathematician so I couldn’t begin to understand or explain to anyone how or what these algorithms work. Being that it is so, asking to be told how it works exactly would be a waste of time much less trying to explain it.

So what about this Forex Sorcerer thing…

Two of the most important clues as to whether a forex robot is even worth looking into are it’s makers creds and validity of the statements offered. Backtesting isn’t considered. Not worth looking at.

The Forex Sorcerer piques our interest since it has both. Going 7 years back, the live trading statements really give the Forex Sorcerer some juice as to how well it may work.

Now we’ve never heard of the creators of the Forex Sorcerer before and certainly not in trading circles but they do all have credible backgrounds. What do we mean by that? No doubt that you have seen adverts for so-called secrets to riches that some guy who never went to college discovered and made millions from and that if you were to pay some fee or price, you can have it too, right?

That’s not how it is in this case. The first guy is an electrical engineer and the second has a finance background so really knows how money flows. The 3rd one is the one with the computing skills to put together the Forex Sorcerer.A good collection of brainpower if there ever was one!

The most interesting part is that the Forex Sorcerer uses pure logic to execute trades. There’s no hocus pocus happening here. Yep. It is pure logic. One plus one logic.

After all is said and done, although the it’s said that the markets are driven by emotion, it is just numbers. Up, down or sideways are the only 3 ways the market will go. No other way. It’s pure logic. How many other things that there are in life that only offer you 3 choices to make to possibly earn millions of dollars? Forex, baby!

Whether you are trading forex, just beginning to trade, or are considering it, then you should most definitely get the Forex Sorcerer. If the point is to make money, then the Forex Sorcerer can do that for you….and how!

Automated Currency Trading – Can the Automated Currency Trading Robots Replace Traders Itself?

December 7, 2009 by  
Filed under Forex Articles

Sudden appearance of the automated currency software as they call it robots has transfigured the system of the currency trading market known as the Forex market. Many are surprised about the features of these robots and traders who purchased one for themselves really found it to be very convenient for them.

We may explore the word convenient as the users of the products claims. What does a product do for you to be called convenient? It saves you something that you may be deficient in. These robots promise you additional extra time and effort. It goes well along with each other. The longer you work the more effort you exert that is why these robots are invented. They will do the actual trading for you.

Alright we are already convenient on its basic feature. The usual feature of any kind of robot is doing the work instead of you. But it does not stop there. Convenience will not automatically mean profit but may sometimes means lost. Other feature of some currency trading robots is equipped with artificial intelligence that minimizes the percentage of loss. So we have determined two features available in the automated currency trading robot.

In depth knowledge is not needed with the use of these robots? It is almost in every advertisement of available Forex trading robot out in the market today. However, I greatly discourage this kind of scenario. Before engaging in any market, be knowledgeable enough to know your way in and out to be able to walk with your head up high and your hands in your pocket of profit gained.

Since it is called a robot, you cannot expect it to laugh with you on your winning nor cry with you in time of losses. It is equipped with artificial intelligence, emotional intelligence not included in the package. They trade based on figures alone. Other factors which you may think or know will greatly affect the Forex market, you have to intervene. You have to manipulate your robot according to your knowledge and skill gained from your experience of trading.

This is where the beauty of the human brain comes in. No robot can replace the decision process that the human brain can. Though it is also made by the human brain but it is not the actual one that was given by our Creator. These robots are there to aid us in our daily trading live but will never replace us completely.

Automated Forex Trading Software – Easier Trading

December 7, 2009 by  
Filed under Forex Articles

With the automation of the forex market, automated forex trading software has become an indispensable tool for all the currency traders around the world.

Forex is the world’s largest market, at the same time being the most liquid and most volatile. It provides anyone with the opportunity of making large profits in very small amounts of time, using relatively small investments, and the type of software you are using can influence the outcome of your trades by a very large margin.

As a speculator, automated forex trading software is your best friend. That is because you will be making your profits by taking advantage of the ever-changing currency exchange rates – buy when the price is low, sell when it’s high – and while doing so, being able to perform all the necessary operations in a few seconds can prove a great advantage.

There are several types of automated forex trading software on the market. Some of them are freely distributed by brokerage companies to their customers as part of the account management policy – however these free versions offer just the basic functions, and with their limited features they will not be able to take you a long way towards making a fortune trading.

There are, of course, some automated trading programs which will provide you with an almost endless list of features, and which can perform almost any task you wish with pinpoint precision. These programs however need to be purchased, and at times they can be quite costly.

No single automated forex trading software can claim to be the best on the market; instead, traders discover that they attain success when working with one such robot which compliments their own strategy. As such, it is strongly recommended that you do not settle for any such program easily. Download the demo version and try it out first, to see for yourself what the program has to offer, and compare it with other similar systems you have tried. This will allow you to gain sufficient experience in order to decide which is the best automated forex trading software for you.

Another thing you might want to consider before buying the full version of a trading program is that there are two types of such programs, each suited to a specific category of traders.

Desktop based programs involve making a one-time payment to download the software, and tend to come cheaper than their counterparts. However, these systems store all the trading data on your computer, making the information vulnerable to hardware or software hazards such as viruses or system crashes. The best way to remedy this problem is to use a quality VPS service that allows you to download program files.

Web based programs have increased security, as all the information is stored on the provider’s secure servers. The information is available to you anywhere in the world, through the Internet – therefore, you can continue trading even when travelling. However, all these added benefits come at a certain cost, typically under the form of a monthly fee charged by the provider.

The Forex Sorcerer – Magic For the Forex Trader

December 7, 2009 by  
Filed under Forex Articles

Just Released! The Forex Sorcerer – Created With Magic. Infused With Logic!

OK. So maybe that headline is a little too dramatic. But I didn’t name the darn thing, did I? But in reviewing this latest forex robot, magic may not be too far-fetched a way to describe it.

Again, keep in mind that this is a preliminary look-see and not meant to be a full review of how well it actually works. We decided to take this one out for a test drive because it sounds as if it’s got real potential.

In our experience, most every forex robot makes outrageous claims that would raise the eyebrows of the stiffest stiff in the FTC’s offices. Even the most monotoned robotic deskjockey over at the IRS voice would go up an octave upon seeing the kind of claims made these days! Guess you can chalk it up to an extreme case of keeping up with the Joneses syndrome. Each new successive forex robot that comes out has to outdo the one previous in order to garner our attention.

But what raised our eyebrows (which reminds me of someone’s need to have his plucked!) is that the Forex Sorcerer claims to turn $100 into more than $3 Mil in only 5 years! If that were real, do you know how many financial advisors would lose their jobs when they keep touting the money compounding power of getting 6% interest per annum? That’s less than peanuts compared to what the Forex Sorcerer claims to be able to do!

The acceleration curve on this thing has to be like that of a rocket! To start with as little as $100, the first few months or even a year would have to start out very slowly and as the account builds, it must pick up steam very quickly in order to make it over $3 Mil.

Sort of reminds me of that trick question, “Would you rather receive a $1 Mil right now or would you rather get a penny today and have it doubled everyday for thirty days?” Of course you know the right answer to that, right? The acceleration curve on that penny doubling everyday is greater than 75 degrees!

The other claim that intrigues us is that they claim to have only risked at most ever only 3% of the account at any time. Three percent of $100 is only $3.00! That means that in the beginning, they not only didn’t trade mini-lots, they traded micro-lots! Talk about earning pennies! By the way, that old saying only works if you NEVER lose a penny during those 30 days your waiting for that penny to grow.

So based on that logic of a penny turning into over $10 Mil in only 30 days if you doubled it everyday, theoretically, it is very possible for that $100 to be turned into over $3 Mil in 5 years. That’s what the Forex Sorcerer is promising to do and claims it has done.

I have a new term for it. I call it “Penny Logic”.

So if you can think outside the box for a minute and really think about this, would you invest $100 and let it ride if you knew that in just over 5 years time, you would be able to reap $3,000,000? Practically guaranteed? Without having to lift a finger other than to check your account once in awhile? Is it worth it? You bet it is!

So what if you lose $100? I’m sure that if you’ve tried trading forex on your own at anytime, you have experienced MUCH bigger losses than that!

The same financial advisors that urge you to put your money into the stock markets and let it ride for 30-40 years or so and maybe you’ll end up with about $1,000,000 in the end are the same ones who have contributed to the financial crisis that plagues us today. A 6% return per annum? Are you kidding me? With forex and most likely with this Forex Sorcerer automated trading robot, 6% per WEEK ROI is what is possible!

Ok, so let’s modernize that old penny question a little….

Would you rather get a 6% ROI per annum giving your financial “guru” your money or would you invest “only” $100 into the forex market and let the Forex Sorcerer handle your money for a 6% per WEEK return on investment?

I know my answer. What’s yours?

So who would like to have $3 million dollars in their pockets 5 years from now….on autopilot! Practically guaranteed? Not enough? Ok, how about over $10 million? Still not enough? Try over $345 MILLION! That’s lottery ticket money! If you answered YES, then you must check out the Forex Sorcerer forex trading robot. No one can promise you that you will make 3, 10 or 345 MILLION dollars from it but what if you came close?

Pick Out the Best Forex Trader System

December 7, 2009 by  
Filed under Forex Articles

There are a number of forex trader systems on the market today which all claim to deliver profitable trades for you around the clock. These programs work by reacting to changes in the market as they occur to keep you on the winning end of your trades as often as possible.

They are ideal for inexperienced traders and more experienced traders without the time to devote to trading alike. Not every program can back up its claims, however, so before you get sucked into the flashy sales letters let’s look at three things to look for in a winning forex trader system.

First, it’s important that you make sure the program you go with offers a full money back guarantee. Not only is this a sign of legitimacy on the part of the publisher, but also lets you run the forex trader system within the safety of practice account. This enables you to follow its trading activity in the market but without having to risk any money.

Customer service is also important. As both a sign of legitimacy on the part of the publisher, it’s also nice to know that if you’ll ever have any issues with your forex trader system, they’ll be dealt with quickly. You might try giving the publisher a quick e-mail expressing your interest in their program and gauge their response time accordingly.

The major difference in how these forex trader systems operate between each other lies in how aggressive they are. The more aggressive programs will go after any trend in the market if they believe there is money to be made.

The more conservative programs, on the other hand, will only target lower risk/reward trades in my experience and always post the greatest overall near-perfect winning rates. The aggressive programs require you to check in on them from time to time as if you don’t do this often times they can lose more money than they bring in. If you’re too busy to trade in the first place or don’t have the experience, I completely recommend you go to a more conservative forex trader system.

Next Page »