Online Trading.hk - Forex & Trading News

Forex Trading 101

Training staff members to successfully manage Forex trading in large corporations is not an easy task.  It takes the planning, knowledge, expertise, and understanding of real professsionals who know how Forex works and have traded long enough to know what works.  Just like any business, Forex takes real life experience from traders who have accrued enough financial resources to earn a respectable reputation. 

A crucial aspect of this business is to know who you're dealing with before you commit to them.  There are a great deal of unscrupulous businesses out there, created and designed with a simple objective, to take your money.  This fact may give you a negative opinion about Forex trading, but don't let the rare occurrence of scammers damage your morale.  Just like any business structure in this world, there are going to be some bad apples.  For example, some gas station employees swipe credit card numbers from their customers behind the scenes.  This isn't the majority of gas stations and their employees, but you get the point.  Just be careful who you decide to hire for your Forex trading campaigns.  Finding people who know who to trust in Forex is a simple matter of personally investigating the legal history of the businesses you are considering.  The best Forex traders have a company that's been in business for years, showing exceptional approval ratings from their customers and possess very few negative feedback scores. 

Forex trading is the trading of currency. Specifically, it's a generation of profits based on the currency conversion rates in the present moment.  There is no way to foresee how currency rates will fluctuate, but there are tell tale signs that experts recognize to be an indication of a future move.  Like riding a bike, these experts become accustomed to how the market moves and the signals that indicate change.  It takes years of experience to become subconsciously proficient and instinctively gifted.  The most sought after Forex professionals do not come cheap, but as the saying goes, it takes money to make money.

The fundamental skills involved in trading Forex involve forward outrights, trading on a margin, 24 hour trading strategies, taking advantage of zero commissions on trades, leveraging currencies to your advantage, using profit potential forecasting, knowing how to use the spread and pips.  Up to the second quotes give traders instantaneous updates on the prices of currency, making it easy to make trading moves quickly.  Every expert trader knows how to strike with exceptional speed, giving you the most profit for your currency trade.  Accurate forecasting of market conditions is what separates expert traders from the amateurs on Survival Row. 

Be very wary about real life survival in Forex trading.  It's flooded with desperate con artists.  Why?  Because survival instinct is one of the most powerful things in the world.  Even if you think you could tell the difference between a legitimate person and a con artist, just remember a con artist can easily cloud your mind with their feelings.  People who get into trouble owe money to people who want their cut, regardless of the consequences.  Meaning, the street smart criminals in this world know how to swing your belief in their favor.  If you don't believe that, ask people who fell victim to criminals without being aware they were being hoodwinked.  Without a doubt, you should thoroughly research the companies you do business with to ensure you don't wind up a victim.  Yes, you can get rich easily by trading Forex, but because of it's simplicity the number of criminals trying to scam people is legendary.  Exercise extreme caution: Never commit to a trading team or hire them to train your team until you thoroughly research their background.  In a legal, aspect, this means hiring law enforcement and private investigators who are willing to undertake the extra workload and risk involved.  Forex is a fantastic opportunity, but remember this. You could lose everything you put in if you don't use certified law enforcement groups to perform your background checks. 

SE Asia Stocks-Up on Chinese GDP growth; S'pore leads
* Singapore hits 2-month highs * Manila back close to record high By Viparat Jantraprap BANGKOK, Jan 17 (Reuters) - Southeast Asian stockmarkets rose on Tuesday as above-forecast GDP growth in Chinaeased ...


SE Asia Stocks-Singapore rallies amid global optimism
* Manila at all-time high * Thailand, Indonesia retreat on late selling By Viparat Jantraprap BANGKOK, Jan 20 (Reuters) - Southeast Asian stockmarkets generally ended steady to higher on Friday, led bySingapore, ...


Spain and Italy succeed in selling ?22bn of debt
Italy and Spain surprised traders by shifting a total of ?22bn (£18.4bn) of sovereign debt at sharply reduced prices at auctions that cheered stockmarkets and caused the euro to rally.


European stocks, euro lower
EUROPEAN stockmarkets closed lower and the euro fell overnight as concerns over the eurozone debt crisis once again unsettled investors.


SE Asia Stocks-Lower amid euro zone concerns
* Mass euro zone rating cuts increase risk-aversion * Need for cash rises ahead of Chinese New Year By Viparat Jantraprap BANGKOK, Jan 16 (Reuters) - Southeast Asian stockmarkets fell on Monday, led by ...


VIDEO: Euro key for Asian stocks in 2012
Economic uncertainty took a big toll on Asian stockmarkets in 2011, and 2012 may remain volatile, says UBS's Kelvin Tay.


Sharemarket set to open slightly lower
THE Australian sharemarket looks set to open slightly lower despite an overnight rally on European stockmarkets.


Aussie sharemarket opens slightly lower
THE Australian sharemarket has opened slightly lower despite an overnight rally on European stockmarkets.


SE Asia Stocks-Manila hits record high, others firm
* Energy stocks lead gainers due to higher oil prices By Viparat Jantraprap BANGKOK, Jan 10 (Reuters) - Southeast Asian stockmarkets pushed higher on Tuesday as a strong oil marketattracted broad-based ...


SE Asia Stocks-Most edge up; German, U.S. data positive
* Banks, consumers lead gainers * S'pore bucks trend; profit-taking seen By Viparat Jantraprap BANGKOK, Jan 9 (Reuters) - Most Southeast Asian stockmarkets posted modest gains on Monday as investors pickedconsumer ...


FOREX.com Launches New German Service in Support of Long-Term European Expans...
NEW YORK and LONDON, Jan. 26, 2012 /PRNewswire/ --  FOREX.com , the online retail trading division of GAIN Capital Holdings, Inc. (NYSE: GCAP - News), has launched a new service providing German investors access ...


Forex: EUR/USD climbs above 1.3200 despite EZ downgrades
Forex: EUR/USD climbs above 1.3200 despite EZ downgrades


FOREX-Euro jumps to 6-1/2 week high vs dlr, exports buoy yen
(Updates prices, adds quotes and links, changes byline) * Greek debt talks could yield breakthrough * Fitch downgrades five euro zone sovereigns * USD/JPY drops on month-end exporter selling NEW YORK, ...


FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit
FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit


FOREX-Euro gains on Greek hopes, yen up on exports
(Updates with euro's climb on Greek events, adds comments) * U.S. GDP data hint at speed bumps ahead * Greek debt talks could yield breakthrough * USD/JPY drops on month-end exporter selling NEW YORK, ...


FOREX-Euro firms, yen bounces from recent lows
(Adds details, quote) * Euro rises on hopes of a Greek debt breakthrough * USD/JPY dips on month-end exporter selling * US GDP data awaited LONDON, Jan 27 (Reuters) - The euro edged up on hopesof a breakthrough ...


FOREX-Yen gains most in a month versus dlr, euro pauses
(Recasts, adds details, changes dateline PVS TOKYO) * USD/JPY dips on month-end exporter selling * Euro consolidates, wary of contagion risks * Aussie, NZD near 3-month peaks vs USD LONDON, Jan 27 (Reuters) ...


FOREX-Yen bounces from recent lows, euro firmer
(Adds details, fresh quotes) * USD/JPY dips on month-end exporter selling * Euro rises on hopes of a Greek debt breakthrough * Aussie, NZD near 3-month peaks, await US GDP data LONDON, Jan 27 (Reuters) ...


FOREX-Yen jumps most in a month as hedge funds pile in
* USD/JPY dips early on exporter selling * Extends losses as speculators target stops at 77.20, 77.00 * Euro among best performers this week, up 1.7 pct vs USD * Aussie, NZD near 3-month peaks after USD ...


FOREX: US Dollar Needs Risk Aversion to Rise After Dovish FOMC
FOREX: US Dollar Needs Risk Aversion to Rise After Dovish FOMC


IMPORTANT: Bing News RSS feed has moved!
Go to the new RSS page and renew your subscription.


Stocks Continue To Experience Choppy After GDP Report - U.S. Commentary
(RTTNews.com) - While a report showing somewhat weaker than expected U.S. economic growth in the final three months of last year generated some negative sentiment before the start of on Friday, selling pressure has remained relatively ...


With IPO In Sight, Facebook Shares Still
As SecondMarket Passes $1 Billion In Deals, Who's Next After Facebook? Tomio Geron Forbes Staff GSV Capital Investment Values Facebook At $70 Billion Tomio Geron Forbes Staff Rumors are swirling about a halt or even longer-term end to the ...


Fallout spreads from Einhorn?s improper
The Financial Services Authority has fined a former executive at David Einhorn?s Greenlight Capital hedge fund and a director at JPMorgan Cazenove a total of £195,000, as the fallout spreads from Mr Einhorn?s improper in Punch ...


STOCK Act: Insider Bill To Receive Senate Vote Next Week [UPDATE]
WASHINGTON -- A Senate bill banning the of corporate stocks by members of Congress based on nonpublic political information will see a vote next week, according to Democratic sources working on the bill. "It'll be on the floor next week ...


Citigroup Exits Proprietary
Citigroup Inc., the third-biggest U.S. lender, will close a proprietary- desk that makes bets with the firm's own money and most of the unit's staff will leave before rules banning the practice take effect. Citigroup is shutting the Equity Principal ...


China a formidable challenge to global system: US
Davos: China is keeping its currency below its fair value and it represents a "formidable challenge" to the global system, US Treasury Secretary Timothy Geithner said on Friday. Sharply criticising the Communist giant's state-led ...


Netflix's big surprise
the market, when it is dead wrong on a stock, is always profitable. Netflix (NASDAQ:NFLX) is a case in point, up 21 points on Thursday, catching most of the analysts by surprise. They were 29 to 6 negative, with a mean, 12 month target ...


Ask the expert: How do small charities set up subsidiaries?
Q: We're a small/medium-sized charity and our board has asked me to look into setting up a subsidiary. Why would it be beneficial to the organisation and are there any pitfalls we need to be aware of? Risk ? to ringfence an activity ...


IMPORTANT: Bing News RSS feed has moved!
Go to the new RSS page and renew your subscription.


OMX Appointed as Supplier of News Distribution Service by Swedish Financial S...
STOCKHOLM, Sweden, Jan. 27, 2012 (GLOBE NEWSWIRE) -- OMX (:NDAQ) announced today that the Swedish Financial Supervisory Authority (FI) has signed on as a customer for its GlobeNewswire news distribution service. FI will be utilizing ...


Mellanox Beating as Data Drive Revenue: Israel Overnight
Jan. 27 (Bloomberg) -- Mellanox Technologies Ltd. is trading at the highest-ever premium to companies on the Composite Index as investors bet that demand for faster data transfer systems will help boost revenue. Shares of Mellanox, an ...


INTC's Strong Dividend History Helps it Reach 'Top Dividend Stock of the 100'
Intel Corp (NASD: INTC) has been named as the ?Top Dividend Stock of the 100?, according to Dividend Channel, which published its most recent ?DividendRank? report. The report noted that among the components of the 100 ...


NYSE, Battle For Big Kahuna Of Stock Listings: Facebook
The high stakes public relations battle over the biggest corporate stock listing in recent memory is about to come to a head. Social-media giant Facebook appears ready to file papers as early as next week for its coming IPO. In the expected SEC ...


Announces Mid-Month Open Short Interest Positions in Stocks as of Settlement...
NEW YORK, Jan. 25, 2012 (GLOBE NEWSWIRE) -- At the end of the settlement date of January 13, 2012, short interest in 2,267 Global MarketSM securities totaled 6,699,994,804 shares compared with 6,433,379,539 shares in 2,271 Global Market ...


Bank of the James trades on [The News & Advance, Lynchburg, Va.]
Jan. 26--Bank of the James began trading on the exchange Wednesday. The bank had been trading over the counter, a method of buying and selling shares generally used by smaller companies. Making the switch to the requires meeting a ...


Chinese State Security Demanded Eject Network, Cable Says
Serene Lee, a reporter with the New York-based New Tang Dynasty Television, used to do daily financial reports from the studio in Times Square. One day her security card stopped working. It had been canceled. She didn?t need to come anymore; there ...


Bank of the James in Virginia Joins Exchange
Bank of the James Financial Group Inc. in Lynchburg, Va., said that its common stock began trading on the Capital Market exchange on Wednesday. Robert Chapman 3rd, the company's president and chief executive, said in a Tuesday press release that ...


Enters Currency Dog Fight in Europe Clearing Non-Deliverable Forwards
OMX ( NDAQ) is planning to start clearing non-deliverable forward (NDF) currency trades in Europe. NDFs facilitate trading in currencies such as the Chinese yuan and Indian rupee that are not free to trade. NDFs are classified as swap trades under ...