Compare FX Mini Account With A Demo Account

By Brad Morgan

A twist on the forex standard account is its baby brother the forex mini account. $2000 is the minimal amount desired to open for standard accounts. With hardly $400, one can commence a mini account.

Mini accounts deal in what are recognized as "mini lots". The pip value for a standard Forex account is $10, so if the market goes 100 pips in your way your benefit would be $1000. Your pip value for a mini account, on the other hand is $1 and if the market moves 100 pips in your side your benefit would be $100.

If you want a smaller account, there is furthermore a "micro account". $25 is all you need to commence one. In this version, $10 would be the accumulation of a upward 100 pip movement.

The smaller Forex accounts such as the Forex mini account are quite convenient for those getting started in Forex trading. Notwithstanding there are demo accounts available which mandate no real money to trade, a mini account can serve a matchless goal.

This value comes from the fact that mini accounts use real money to trade. Using real money for trading tends to bring a closer match with your prospective trading behavior with standard Forex accounts.

For a Demo account, having no authentic money means no factual risk. In fact, people regard the demo trading as a play trade with play money. Thus a phenomemon happen where newbie traders are prodigies at trading with demo accounts but lose profoundly when they begin using standard accounts with real money.

Your task whilst trading your Forex mini account is to approximately replicate what you will do when you move up to a standard account. You will have the liberty to put your trading plans to the test yet at the same time having a minuscule amount of money on the table.

On your part, to make the mini account emphatic, retain the same regard and management of risks that are used in the standard account. The end result would be successful FX trading by utilizing the befitting discipline levels.

Finally, when you are content with your percentage of profits on your mini account, you can then progress to the standard account knowing that you now possess the skills necessary to succeed. - 23212

About the Author:

Forex trading requires knowledge of the forex pip. Forex markets move quickly, get forex trading training to keep on top of it.

Five Basic Tips On How A Penny Stock Listing Make You Rich

By Malcolm Torren

There are stock market sites and blogs that tell you how you can earn from just a small cap investment. Of course, anyone who wants to get rich would understandably jump at the opportunity. But getting rich is not a quick scheme and no get-rich-quick books will tell you that it happens overnight. It does not happen overnight. Even if you think you have the most reliable penny stock listing in the world, it still does not guarantee financial wealth.

Many people get the misconception that millionaires, or at least those who are better off got luck. Luck has only a little to do with it. It's all hard work. There are even people who life a low profile lifestyle but have fat bank accounts. Then there those who claim that they got rich because they have a dependable penny stock listing and they want you to try it.

Study this carefully and don't get easily swayed by the hype. Today there are so many opportunists who would do anything to get a piece of your savings. The penny stock market is one of the attractive avenues for them. If you want to get rich from your penny shares, follow these tips:

- Do not spend beyond your means. Always keep in mind that the general rule of thumb is always to buy shares at low price. When the value appreciates and when the time is right, sell it. But do not use up too much of your savings. Just allocate portion of it. A safe margin would ten percent. And spend only for the list that you personally picked and not from those who suggested it to you.

- Learn the terms, the language, the slang, and the major concepts. Any penny stock listing is useless if you don't know how to translate them. And to do that, you have to understand the back and front ends. Along that path you will be encountering so many stock market terms that may be alien to you. Terms like the PE ratio, ticker signs, liquidity, etc. Understand them and learn them by heart.

- Have a realistic commitment of your investment money. Your stock list is supposed to showcase the hot stocks to bid. However, the list can change overnight. What is hot today may not be hot tomorrow and that happens all the time. Always double check on which penny stock you think is most likely to expect profit for you.

- Update yourself. Your penny stock listing cannot exist alone. It needs partners. Because in this business, the survivors are not the rich, the smart, and the strong. The successful investors are those who keep track of constant changes. These are the stock market trends.

If you read between the lines, these tips only mean one thing. That what makes you rich is not because you have a penny stock listing that guarantees success. What success means is dependent on how much work you are willing to put in your business. The ingredients to success are knowledge, rational analysis, and a roster of facts. If you want to be rich is really all up to you. - 23212

About the Author:

Know the best penny stock listing to guide you in penny stock investing. Understand more.

Chose Reliable Trading Platform

By Lukas Veselinov

Have you been searching for a broker in forex trading? It is difficult to trying to find one but it is not impossible.But before you start, you should know what trading broker is. So, what is a trading broker?Trading broker could be a company or an individual, who will be the custodian of your money while acting on your behalf.You can expect a forex trading broker to use your money in trades based on your decisions.

You should also understand how to identify a knowledgeable, honest broker,but before you make a choice of the forex broker you want to work with, perform your due diligence as well as review the following 3 tips.

One: The first thing you need to know is if the forex trading broker is regulated. If the forex broker you are using is based in the U.S., then they need to be registered as a Futures Commission Merchant for the Commodity Futures Trading Commission; plus, the need to be a member of National Futures Association.

2.Do they provide good service at all hours for customer support?

Third : Make sure you know what services they will offer to you. It is important that they offer the currencies that are the most popular, (EUR, GBP, JPY USD,AUD, CAD, CHF and USD).

If you follow these three steps you will be able to find a good forex trading broker with less difficulties.To decide which one to use,the important thing is to research each trading broker that you find.

The critical element is to research all of the various forex brokers that you are able to locate, then choose the one you will use.There's nothing for you to lose but the time it takes to identify the broker and trading platform that suits you.

Finally, when you find couple of them which you like you can easily join them all because you have nothing to lose as they offer free accounts and if they are all free then sign up with everyone of them. After that, just start to trade with the broker and online platform you like best. - 23212

About the Author:

Visit Smart Product Reviews for info on top forex trading platform . You can compare different related products and services and chose the best. You can leave your testimonial so we can improve our site and make it more valuable for the others. To Your success, Lukas Veselinov.

Descending Triangles -Short Trading Strategy

By Jeff Cartridge

The descending triangle is the most profitable chart pattern when trading short. The descending triangle is formed with the lower boundary of the price movement contained by a line close to horizontal and the top line slopes down toward the bottom line.

Descending Triangles, One Of The Best

The descending triangle does break down more than it breaks up with this occurring in 57% of the patterns. A downside breakout is profitable 45% of the time delivering an average profit of 0.92% in 9 days. A large number of downside breakouts (12.1%) return in excess of 10% gain.

Specific Setups to Improve Profitability

A break to the downside works better in a falling market or sector environment. By using filters that require the market to be in a consolidation or an up trend you can improve the results. The sector should also be in a down trend for the best results. Strangely a sector that is in a down trend at the beginning of the pattern produces better results than a sector in a down trend when the breakout occurs.

Descending triangles that breakout early in the pattern, produce similar results to those that breakout later, so this is not an important filter to use. The best results are achieved when the stock climbs up from the lower boundary and collapses back before reaching the upper boundary of the pattern.

If volume supports a descending triangle breakout then the profitability of the trades improves. For volume to support the breakout, volume when the stock is going down should be greater than volume when the stock is going up.

Trading Descending Triangles Can Be Profitable

You can improve your trading results by using a series of simple filters that have been outlined here. This select group of descending triangles delivers an average profit of 2.55% in 10 days and is profitable on 48% of the trades. Overall this makes descending triangles extremely attractive to trade.

Statistics for this article have been provided by Patterns Trader after analyzing over 60,000 chart patterns on the Australian market from 2000 - 2008. - 23212

About the Author:

Jeff Cartridge has been trading CFDs since 2002 and created the website LearnCFDs.com A Simple Timeless Method for Huge Gains

Multi-Million Dollar Trader Reveals Favorite Stock Market Analysis Tool

By Shawn Tilman

Ready to learn how to ethically steal TONS of money from other stock market traders with this one indicator?

This money pulling indicator is used by billion dollar hedge fund traders like Steve Cohen who's firm has average over 40% a year!

He has some 60 traders working for him. He is a master of watching a stock's volume.

More amateur traders overlook volume than any other technical indicator.

We all have holes in our learning. You need to read this article and make sure you plug the holes you might have in your learning of how to effectively use the volume indicator.

Think of each tick in the volume as a temporary meeting of two minds: a seller and a buyer. Shares or contracts that have exchanged hands are measured by volume. Volume is usually represented by a histogram bar. The volume reveals secret motives and psychology of bear traders as well as bulls. Increasing volume verifies trends while decreasing volume questions the longevity of the current trend.

As a stock sells off and falls, keep an eye on the volume. If the volume picks up into the downward move it means that fear has firmly gripped the crowd of traders trading your particular stock. Now notice the upticks and shallow buy orders every now and then. These are the rookie stock traders buying a downward move in hopes that the trend reverses and heads back up. We like these rookie traders. Why? In order for our sell order to execute, there has to be a buyer somewhere. But you need to know that buying into a downward trend is most often a bad idea. It is called trying to catch a falling knife. Never think you are smarter than the crowd by betting against them. The crowd always wins. Let some other rookie trader play that game. When all the sellers get out of a stock, the volume on the downside will fall off as the downward move runs out of steam.

In an uptrend, rising volume shows that greed is setting in as people dog pile into the stock. It also shows sellers dumping their position betting that the market is going to turn around. Remember, in order for a buy order to execute, there has to be a seller somewhere. Selling into an uptrend makes sense only if your original profit thesis (target) has been met. When all the buyers are done chasing the stock higher, the volume on the upside falls as the uptrend runs out of steam.

Volume gives you useful clues in addition to telling you the conviction of a given trend.

A one-day splash of uncommonly high volume often marks the beginning of a trend when it accompanies a breakout from a trading range. A similar splash tends to mark the end of a trend if it occurs during a well established move. Exceedingly high volume, three or more times above average, identifies market hysteria. That is when nervous bulls finally decide that the uptrend is for real and rush in to buy or nervous bears become convinced that the decline has no bottom and jump in to sell short.

A divergence between volume and price usually means that a stock is at a turning point.

When volume falls as prices rise, it means that the uptrend is attracting less interest. When volume falls while prices fall to a new low, it means that lower prices are attracting little interest and an upside reversal could happen at any time. Price is slightly more important than volume but millionaire traders analyze volume to figure out the psychology of the crowd before committing to a decision. - 23212

About the Author:

By Shawn Tilman. I hope this article helps you improve your trading and make a lot of money. For more FREE master stock trading secrets and advice see stock market