Who wants to be a millionaire Forex Trading?

By Forex Trading

We all want to make money from trading, and we all want to make millions from the stock market of the forex market. However it is a well know fact that over 90% of traders will in fact go broke and not become successful. So if we are to look at who does become successful there is a group of people that tend to become more successful than others.

There is a group of individuals who tend to make the better traders and their non mathematicians or College educated, they have a skill that anyone can actually learn and their very successful. The group of individuals I am referring to are...

Professional card players who are great at Blackjack and poker and the exact same skills you need in these games are the ones you need in Forex before we explain why lets dispel one of the greatest myths about Forex Trading:

One reason for this is if you watch all great card players, they will all have one common trait, which is patience. They also realize that they cannot win every hand, and as traders we cannot win every trade. If we understand this we are increasing our chances of success as a trader.

We also must realize there is more trading days to come, as there is more cards to be dealt. So if we miss a trade, don't trade for trades sake.

Forex Trading is Complicated

To enjoy Forex trading achiever does not take you have a college education or have a complex Forex trading strategy or knowledge of maths and the reason is simple - Forex trading is simple and if you get a system to Complicated it will break in the ever changing brutal world of Forex Trading. Also as humans we like to complicate things and we believe that if they are complicated, then we are smarter therefore it makes us feel better. Quiet often though simple things will make us a lot of money. This can be also looked at with trading strategies, keep them simple.

Mathematics doesn't aid, because markets don't move to certainties, you are only trading with odds and probabilities and that's why card players are so great at Forex trading.

Here are the reasons card players make such great Forex traders.

1. They are Patient

They wait for the right hand and only play when the odds are in their favour. Contrast this with the bulk of Forex traders who are always in the market or trying losing strategies like scalping. In Forex Trading you don't get rewarded for trading often, you get rewarded for being right.

2. The Ability to Fold

A fabulous card player will pass hands by when the betting odds are non in his favour and he is also happy to fold when in a hand, if he doesn't think he will win. He keeps his losses tight and he doesn't mind dealing them, as he knows his time will follow.

Most Forex traders on the opposite hand simply can't do this and run losses or get disappointed, as their emotions get involved.

3. Courage at the right Time

The fabulous card player knows when a great hand comes up, he needs to maximize his potential and will milk as much money from it as he can. They are prepared to bet huge amounts and hold on with discipline and win.

Contrast this with the average Forex trader who banks his profit early or bets 2% and thinks he is going to make a lot of money. In Forex trading, you need to hold and profit from long term trends and have enough riding on them to make a great profit.

4. discipline discipline discipline!

You have heard about how serious it is in Forex Trading and it is to take loss after loss as the market hurts your ego and makes you look stupid is hard. Most traders cant do - Professional card players know it's the key to success and are mentally prepared to do this and know they will hit a home run.

Keep it Simple.

Forex trading is simple and always has been and the huge difference between winners and losers is the correct to keep losses small and bet big amounts when the time is right.

That's why card players often become multimillionaire traders - there not interested in ego, being clever or Complex - but being able to make money and that's why this group enjoy Forex trading success.

Now that we have the patience and are ready to trade we need to find the Best Forex Broker which broker has most of the aces? Well visit us at CFD FX Report and we can show you who we recommend. Or you can email us at support@cfdfxreport.com

Happy Trading - 23196

About the Author:

CFD FX REPORT is the forex report and cfd report that traders need. We help our members with stock market education, finding a forex broker, finding a cfd broker. If your not using the best your costing yourself money!

Despite Massive Layoffs Nationwide, These 28 Companies Are Hiring

By Jack Haddad

According to a recent article by Fortune magazine, the following companies are on a hiring binge:

1. Wal-Mart (WMT). An estimated number of 960 new job openings to staff new locations. It's hiring store managers, human resource managers, pharmacists, customer service associates and cashiers, among others.

2. Hewlett-Packard (HPQ). An estimated 150 new openings needed in several areas of its businesses, including information technology, human resources, research and development, marketing, finance and administrative.

3. Bank of America (BAC). 1,860 new positions needed in several areas including consumer banking, small business banking, credit cards, home loans, global banking, wealth management, technology, human resources, finance, communications, marketing and administration.

4. State Farm Insurance. An estimated 800+ new agents needed. There are positions in a variety of areas including claims and underwriting, finance, accounting and legal. The company aims to add 800 to 1000 new agent positions across the country, specifically in the Northeast, Texas and California.

5. WellPoint (WLP). 1,225 new positions needed. It's hiring health outreach specialists, nurse case managers, accountants, actuaries, claims representatives, customer care representatives, enrollment and billing representatives, account managers, marketing managers, business analysts and sales assistants.

6. Boeing (BA). 2460 positions are available in various areas such as engineering, finance, communications, contracts, intellectual property, information systems, program and project management, operations, quality, marketing, supplier management and supplier quality, legal, business development and some administrative and support positions.

7. Microsoft (MSFT). 630 Positions are available in marketing, software development, customer service, information technology, operations, program management, small and medium business sales, software testing, administrative services, operations, user assistance and education, game design, content publishing, marketing communications, legal and finance.

8. MetLife (MET). 1000 new positions are needed in areas of information technology, human resources, finance, operations, call center, administration and sales (including individual policies, group, home loans - mortgage and reverse mortgages).

9. United Parcel Service (UPS). 3,070 positions are needed for part-time package handlers, mechanics, warehouse personnel, sales representatives and information technology professionals.

10. Medco Health Solutions (MHS). 300+ new positions for selective hiring companywide. One division in particular, Liberty Medical, which serves the needs of patients with diabetes, is hiring for a number of customer service positions.

11. Lowe's (LOW). 7,900 jobs are available in corporate, stores and distribution centers. Positions range from seasonal employees in Lowe's stores, to team members in regional distribution centers, to miscellaneous positions in the corporate office.

12. Time Warner (TWX). 480 openings posted online include positions in creative, editorial, marketing, media, finance, accounting, graphics design, animation, new media, ad sales, film/television production and programming, administrative, information technology services and online.

13. Sears (SHLD). 500+ new postions in information technology, eCommerce, finance, audit, marketing, brand management, merchandising and distribution. Positions are also available for associates, store managers and in-home technicians.

14. Supervalu (SVU). 180+ Corporate positions are available in various departments including advertising, marketing, retail operations, merchandising and finance. In addition, there are open positions in retail stores and supply chain services.

15. Johnson Controls (JCI). 750 positions related to energy efficiency.

16. GMAC. 750 positions include project managers, mortgage loan officers, underwriters, servicing call center representatives and loan loss mitigators. Additional openings are available in information technology, finance, compliance, risk and treasury.

17. Comcast (CMCSA). 1,000 openings primarily in call center operations, field operations, warehousing and sales.

18. Northrop Grumman (NOC). 3,700 openings include positions in information technology, engineering, production/manufacturing, supply chain management, program management, product development and administration (including human resources and finance).

19. Coca-Cola (KO). 160 jobs for a variety of different functions on many levels including finance, bottling, retail operations, production and customer service, delivery and food chemistry.

20. New York Life Insurance. 3,640 positions are available in accounting, actuarial, auditing, customer support, information technology, investment management, legal, life insurance and annuity products, product development and strategy, sales and underwriting.

21. Aetna (AET). 550 openings are in customer service, claims and health care, including nurses.

22. Motorola (MOT). 520 openings are in engineering, sales, finance, marketing and project management.

23. Abbott Laboratories (ABT). 260 jobs in sales, legal, information technology, administrative, engineering, clinical research, manufacturing, quality assurance and accounting.

24. General Dynamics (GD). 2,365 openings in many areas, but most job opportunities are in technology and manufacturing fields, and include administrative, engineering, design and development and production and installation positions.

25. Prudential Financial (PRU). 235 openings are in financial, actuarial, market research and analysis, operations and administrative.

26. Humana (HUM). 265 openings in sales, nursing, actuarial, finance, project management, information technology, pharmacy, medical, health, insurance, administrative, compliance, communications and legal.

27. Liberty Insurance Mutual Group. 500 positions are available in finance, nursing, legal, claims and sales.

28. HCA (HCA). 9,000 openings for registered nurses, licensed practical nurses, clinical technicians and patient care support workers.

Disclosure: The author owns none of the securities in his portfolio. - 23196

About the Author:

Dr. Jack Haddad, MD, MBA has been professionally trading the stock market since 1997 and had an annualized return of 39.4%. Dr. Haddad has recently launched MD Capital Management, an Investment Fund with Charles Schwab. The fund utilizes option hedging techniques to generate returns while minimizing risks. For more info, visit Jack's online group: MD Capital Management.

Politics and its effects on Forex

By Stuart Baker

Of all the factors that play a part in forex, politics is a very influential factor that is often forgotten.

A countries political issues can lead to it's currency to go up or down, and traders often base their decision to trade in that currency on what is happening politically. Here are a number of examples that explain this a lot better.

Take, for example, a government that is very unstable. Politically, the government could change tomorrow without anyone really knowing what or why. All they know is that because the government is so unstable, the changes a new government could make would effectively ruin any sort of economic growth. For example, in Zimbabwe, because of politics, they have a ten million dollar bill and yet its value is almost nothing.

If a new government that is known to be more economically responsible, then this would have a good effect on the Forex market. This means that traders believe that when they invest in this particular currency, it has a good chance of going up over time as there won't be any tragic currency issues because the economy has responsible people at the wheel.

It is interesting to note that even when there is a lot of problems going on with the world's economy, one currency that is always high on traders list is the Swiss Franc as it is known to be quite safe.

As Switzerland is categorized as isolationist, their Swiss Franc is a good example of a safe currency. Currencies that traders call 'safe havens' are ones that might not have so much movement because they are very steady, however, they are safe to put your money into.

It is important for a trader to really look into this sort of a situation. However, there are numerous other economic things for a trader to look into when considering playing around with Forex. - 23196

About the Author:

Stuart Baker has been trading forex online for a number of years and has used a number of different online trading robots. One such platform created for the current political environment is The Forex Phantom. Please visit his blog here at The Forex Phantom Blog

Forex- Forex Trading Strategies

By fx

Forex Trading is financially the most rewarding strategy for Traders. With more than $2 trillion dollars turned over daily is also the most liquid trading market available. However in order to be a successful Forex Trader the simple most important thing that any trader either trading in the Forex market or looking to trade Forex can do is to educate themselves to become better Forex Traders. Today we will look at some key educational lessons to help you become a better Forex Trader.

This article focuses on building up solid forex profits using proven long term trading strategies. If you look at any forex chart, you will see long-term term trends that last for months or years. These moves can and do yield serious profit - present we will outline a simple method to get them.

Breakouts- Trading on Confirmation of Break outs

By far the best way of catching the serious moves is to use a forex trading strategy based around breakouts. A breakout is simply a move on a forex chart where a new high or low is made and resistance or support is broken.

It's a fact that most leading moves start from new highs or lows. Right this an sit it next to your computer so that you don't forget it.

While it might appear that you are not buying or selling at the greatest level, you are in terms of the odds of the trend continuing. Most forex traders make the mistake of waiting for the breakout to come back and get in at a better price but these traders never get on board. The grounds for this is if a breakout occurs, then you have a new strong trend and a pullback is not very likely to occur. So you will the boat and therefore profits.

Most traders don't buy or sell breakouts and that's exactly why it's such a powerful method.

The only point to keep in mind is a support or resistance which is ruined, should be valid and that means at least 3 points in at least 2 different times frames. The more tests and the greater the spacing between the tests the more valid the level is.

Confirmation- Don't Guess it, Confirm IT

Of course not every breakout keeps and some reverse, these are false and can cause losses. You therefore need to confirm each move. All you need to do to achieve this is to put a few momentum indicators in your forex trading system to confirm your dealing signal.

These indicators give you an estimation of the strength and velocity of price and there are many to choose from. We don't have time to discuss them here (simply look up our other articles) but two of the greatest are - the stochastic and Relative Strength Index RSI

Stops and Targets

Stop points are easy with breakouts - Simply behind the breakout point.

If you have a serious trend then you need to be careful but you can milk it, so don't move your stop to soon and keep it outside of normal volatility. If it is a huge move, trailing stops should be held a long-term way back and the 40 day moving average is a good level to use.

You have to keep in mind that when the trend does eventually turn you are going to give some profit back. You don't know when the trend is going to end, so don't predict it.

It's ok to give a little bit back, as that's the nature of trading forex. Keep in mind if you got 50% of all leading trend you would be very rich. When you are long-term term trend following you have accept giving a bit back and taking dips in open equity as the trend develops - this is noise and does not affect the long term trend.

The above is a simple way to trade forex and catch the high odds moves that yield the serious profit. If you are learning forex dealing and want a simple method that is robust and will help you get every major move, then you should base your dealing on the above method.

Now that you have all the winning strategies, you now need to have a winning broker, recently the CFD FX REPORT has reviewed these brokers and have come up with Best Forex Broker

Any trader serious about gaining extra knowledge and becoming a better trader should continue to educate themselves as great place for Free education lessons is the CFD FX REPORT they offer as host of great education lessons. You can also join there forum and chat to traders around the world, or visit there broker section and see who the expert recommend. This site is a must for anyone serious about trading. - 23196

About the Author:

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

Small Cap Stocks What Are They?

By Gilbert Stockton

Small cap stocks is not hard to understand. It means simply that companies who have a market capital of less than 500 million are small cap stocks. The stock market does not value a firm by the number of employees or even its profit but by the market value it holds.

Before you decide to invest in small cap stocks or penny stocks know their advantages and disadvantages. It is true that many do not favor small cap stocks but that does not mean you as an investor can make a lot of money by investing in a small cap stock.

Advantages:Have the potential of earning better profits: as mentioned earlier 'small cap stocks' are the stocks of small companies. These stocks have the scope to grow in various ways unlike some of the bigger companies.Small companies are often started by individuals with great ideas and with lot of zeal and enthusiasm. This often leads to rapid growth of the company, which in turn increases its market value allowing the investor to make a lot of money.Easy to climb the stairs: such stocks also allows you to start from square one and go up the ladder changing your small cap stocks into large cap. Most of the big companies that we see today had started their journey of success as small companies with small cap stocks.

The disadvantages: Many small cap stocks are a risk because competition is dominated by larger companies that have the revenue to oust the competition. You do not have any data or information on earnings because they are new and as a result you aren't completely sure if the company is stable like you would with other companies that have been around for a long time.

The media usually talks about the risks associated with small cap stocks but remember to do your research and you can make good investments with small cap stocks too.

In conclusion, just remember to do your research and ensure that you pick a stock that has a growth potential and do not be afraid to take a risk for a large return. - 23196

About the Author:

Find out What is Penny Stock Trading. You too can learn what is Penny Stock Trading.