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	<title>Forex Trading Advice &#187; Forex Trader</title>
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		<title>Free Forex Training Courses With AVAFX</title>
		<link>http://forextradingadvicecenter.com/2010/02/09/free-forex-training-courses-with-avafx/</link>
		<comments>http://forextradingadvicecenter.com/2010/02/09/free-forex-training-courses-with-avafx/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 04:58:10 +0000</pubDate>
		<dc:creator>ForexEd</dc:creator>
				<category><![CDATA[Forex Trading]]></category>
		<category><![CDATA[Online Forex Brokers]]></category>
		<category><![CDATA[Assets Under Management]]></category>
		<category><![CDATA[Avafx]]></category>
		<category><![CDATA[Complexities]]></category>
		<category><![CDATA[Comprehensive Guide]]></category>
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		<category><![CDATA[Foreign Exchange Markets]]></category>
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		<category><![CDATA[Trailing Stops]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/?p=192</guid>
		<description><![CDATA[Click here to visit AVAFX When it comes to forex trading companies, one of the fastest growing and most popular of these companies is AVAFX. There are many reasons why over 100,000 forex traders worldwide choose to invest in foreign exchange with AVAFX, ranging from the dozens of currency pairs available to trade to the [...]]]></description>
			<content:encoded><![CDATA[<div id="rightadbox"><a href="http://forextradingadvicecenter.com/visit.php?go=avafx"><img src="http://forextradingadvicecenter.com/images/brokers/avafx.php" alt="avafx" /></a></p>
<p><a href="http://forextradingadvicecenter.com/visit.php?go=avafx"></a></p>
<p><a href="http://forextradingadvicecenter.com/visit.php?go=avafx">Click here to visit AVAFX</a></p>
</div>
<p>When it comes to forex trading companies, one of the fastest growing and most popular of these companies is AVAFX.  There are many reasons why over 100,000 forex traders worldwide choose to invest in foreign exchange with AVAFX, ranging from the dozens of currency pairs available to trade to the 24 hour trading support plus for a limited period only you can receive Free Forex Training Courses With <a href="http://forextradingadvicecenter.com/visit.php?go=avafx">AVAFX</a> when you open a new forex trading account with them.</p>
<p>New forex traders can often misunderstand the complexities of foreign exchange markets, often making poorly thought out and rushed trades without really understanding what they’re doing.  This can be a costly exercise which can often put off forex traders for good.  However, with a little bit of advice, training and guidance you can start to earn rewards from your investments, which is exactly why AVAFX offers these two great training courses.</p>
<p><span id="more-192"></span>Course one is titled “Advanced Strategies for Forex” and offers a comprehensive guide to advanced forex trading, covering all aspect from the use of volatility to select the best performing currency pair to ADR set-ups, detailing the set-up the entry, the initial stops, profit taking and the use of trailing stops.  Course two, “Technical Analysis for the Professional Trader” offers invaluable advice to the experienced forex trader including how to read charts correctly, using trend lines and how to predict better trade exit points.</p>
<p><a href="http://forextradingadvicecenter.com/visit.php?go=avafx">AVAFX</a> is an award winning forex trading company which volumes over $20 billion in trade each month and has the backing of a major financial institution with over $17 billion in assets under management.  AVAFX was designed by retail traders like you and I, which means they understand the requirements of this fast growing market sector.</p>
<p>Visit <a href="http://forextradingadvicecenter.com/visit.php?go=avafx">www.avafx.com</a> to open a new forex trading account and to receive these two free forex training courses absolutely free of charge.</p>
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		<title>New Customers At Forex WebTrader Receive A 10% Bonus</title>
		<link>http://forextradingadvicecenter.com/2010/02/06/new-customers-at-forex-webtrader-receive-a-10-bonus/</link>
		<comments>http://forextradingadvicecenter.com/2010/02/06/new-customers-at-forex-webtrader-receive-a-10-bonus/#comments</comments>
		<pubDate>Sat, 06 Feb 2010 00:53:51 +0000</pubDate>
		<dc:creator>ForexEd</dc:creator>
				<category><![CDATA[Forex Promotions]]></category>
		<category><![CDATA[Forex Trading]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/?p=189</guid>
		<description><![CDATA[Click here to visit Forex WebTrader The highly respected Forex WebTrader offers one of the most sophisticated web-based forex trading platforms on the net and for a limited time only all new Customers At Forex WebTrader Receive A 10% Bonus on their first deposit. You can earn up to $500 to boost your forex trading [...]]]></description>
			<content:encoded><![CDATA[<div id="rightadbox"><a href="http://forextradingadvicecenter.com/visit.php?go=forexwebtrader"><img src="http://forextradingadvicecenter.com/images/brokers/forexwebtrader.php" alt="forexwebtrader" /></a><br />
<a href="http://forextradingadvicecenter.com/visit.php?go=forexwebtrader"><br />
Click here to visit Forex WebTrader</a></div>
<p>The highly respected Forex WebTrader offers one of the most sophisticated web-based forex trading platforms on the net and for a limited time only all new Customers At Forex WebTrader Receive A 10% Bonus on their first deposit.  You can earn up to $500 to boost your forex trading venture right from the off.</p>
<p><a href="http://forextradingadvicecenter.com/visit.php?go=forexwebtrader">Forex WebTrader</a> has quickly become a firm favourite for many forex traders across the world for a few reasons.  Forex traders using Forex WebTrader benefit from the use of an industry-leading trading platform, which has a step-by-step walkthrough of the many functions and tools available to make your forex trades more profitable and now you can receive an additional 10% to assist you to be a profitable forex trader.</p>
<p><span id="more-189"></span>Simply make your first deposit with Forex WebTrader for at least $25 to receive a welcome bonus of up to $500 for a deposit of $5,000 or more.  You can withdraw the bonus once you have conducted trades of more than 5000 times the initial deposit value + bonus (for example: $100 + $50 = 150 x 5000) within his/her account (including leverage trading).</p>
<p>You will find a huge range of currency pairs to trade with at <a href="http://forextradingadvicecenter.com/visit.php?go=forexwebtrader">Forex WebTrader</a>.  You can trade over 45 individual currency pairs with leverage of up to 100:1 available too.  You will also find some of the lowest spreads available from any forex trading company at Forex WebTrader.</p>
<p>Forex WebTrader, who are a trading name of Finexo Ltd, a world leading forex broker, have various global offices and are regulated by the financial authorities of Germany plus they use the very latest encryption software to maintain the very highest levels of security for you and your personal details.</p>
<p>Visit <a href="http://forextradingadvicecenter.com/visit.php?go=forexwebtrader">www.forexwebtrader.com</a> to open a new forex trading account and receive a 10% welcome bonus with your first deposit up to $500.  This offer won’t last forever so head over to Forex WebTrader today.</p>
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		<title>Forex Traders At ForexYard Earn Cashback</title>
		<link>http://forextradingadvicecenter.com/2010/02/04/forex-traders-at-forexyard-earn-cashback/</link>
		<comments>http://forextradingadvicecenter.com/2010/02/04/forex-traders-at-forexyard-earn-cashback/#comments</comments>
		<pubDate>Thu, 04 Feb 2010 13:15:22 +0000</pubDate>
		<dc:creator>ForexEd</dc:creator>
				<category><![CDATA[Forex Promotions]]></category>
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		<category><![CDATA[Career Visit]]></category>
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		<category><![CDATA[Forexyard]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/?p=184</guid>
		<description><![CDATA[Click here to visit ForexYard Forex trading, just like most other forms of market investing, can require some well thought out trades and a little luck just to sneak a measly profit when times are lean so how would you welcome a helping hand from your forex trading company? For this month only you and [...]]]></description>
			<content:encoded><![CDATA[<div id="rightadbox"><a href="http://forextradingadvicecenter.com/visit.php?go=forexyard"><img src="http://forextradingadvicecenter.com/images/brokers/forexyard.php" alt="forexyard" /></a><br />
<a href="http://forextradingadvicecenter.com/visit.php?go=forexyard"><br />
Click here to visit ForexYard</a></div>
<p>Forex trading, just like most other forms of market investing, can require some well thought out trades and a little luck just to sneak a measly profit when times are lean so how would you welcome a helping hand from your forex trading company?  For this month only you and all other Forex Traders At ForexYard Earn Cashback up to $1,000 when you fund your account.</p>
<p>Unlike promotions found at other forex trading sites, the cashback deal from <a href="http://forextradingadvicecenter.com/visit.php?go=forexyard">ForexYard</a> is simple and has no trading requirements.  All you have to do is fund your account with at least $1,000 during February, whether you’re a new or existing forex trader at ForexYard, and you will receive your cashback automatically.</p>
<p><span id="more-184"></span>There are three amounts of cashback which you can receive, depending on the size of your deposit this month.  If you deposit between $1,000 and $4,999 into your <a href="http://forextradingadvicecenter.com/visit.php?go=forexyard">ForexYard</a> account this February you will receive a $100 cashback bonus, deposit between $5,000 and $9,999 to earn a $500 cashback bonus or get a massive $1,000 bonus if you deposit $10,000 into your ForexYard trading account before the end of this month.</p>
<p>As if free cash just for depositing funds into your forex trading account, If you deposit $5,000 or more into your ForexYard account you will also receive $400 worth of free forex training covering all aspects of investing in foreign exchange markets ranging from an introduction to foreign exchange and how it all works for new traders all the way through to advanced technical analysis, risk management and stress management to keep your edge throughout your trading career.</p>
<p>Visit <a href="http://forextradingadvicecenter.com/visit.php?go=forexyard">www.forexyard.com</a> today to find out just how good this global forex company really is and start trading with the thousands of other investors at ForexYard.</p>
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		<title>Curious Case of Some Newbie Forex Trader</title>
		<link>http://forextradingadvicecenter.com/2009/07/13/curious-case-of-some-newbie-forex-trader/</link>
		<comments>http://forextradingadvicecenter.com/2009/07/13/curious-case-of-some-newbie-forex-trader/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 01:21:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Forex Trading]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/curious-case-of-some-newbie-forex-trader/forex-trading/</guid>
		<description><![CDATA[This Thursday I received an interesting message via the contact form on my site. It was from some newbie Forex trader from Canada that confused me with her Forex broker and asked for payment method and the contact info to withdraw money from here trading account, which in reality appeared to be a demo account (open at LiteForex). Here’s the message text (with real name and contact details [...]]]></description>
			<content:encoded><![CDATA[<p>This Thursday I received an interesting message via the <a href="http://www.earnforex.com/contact.php">contact form</a> on my site. It was from some newbie Forex trader from Canada that confused me with her Forex broker and asked for payment method and the contact info to withdraw money from here trading account, which in reality <strong>appeared to be a demo account</strong> (open at <a href="http://www.earnforex.com/forex_brokers/LiteForex">LiteForex</a>). Here’s the message text (with real name and contact details undisclosed, of course):</p>
<blockquote><p>To Whom It May Concern:</p>
<p>My name is A. I set up a Meta 4 LiteForex <strong>Demo Account</strong> starting on June 15, 2009. My account number is 1000xxxxxx SIG Trader 4.</p>
<p>I want to know the name and contact info of the broker for my account as soon as possible. I need to know the payment method because the first week I made 25.25 trading. I am still doing the trading.</p>
<p>My address is bla bla bla.</p>
<p>Please contact me as soon as possible.</p>
<p>Sincerely,</p>
<p>A</p></blockquote>
<p>I tried to inform this person that I am not her broker and that she should contact LiteForex instead and also that it’s not very justified to ask for a <strong>withdrawal from a demo account</strong>. I’ve got one e-mail back with almost the same content as the first one. Apparently the hapless Forex trader failed to understand the situation or just didn’t believe me. I’ve tried once more to explain everything to her and received another interesting reply, which still insisted on a withdrawal from the virtual funds:</p>
<blockquote><p>Again, please explain to me the payout process method to me for doing this forex trading the demo account! I need to know the payout process as soon as possible! I am not doing this forex trading for nothing!</p></blockquote>
<p>Fortunately after one more e-mail from my side I’ve got a reply from her that made me think that she finally understood that it’s rather useless to ask me for «payout process for doing forex trading on demo». Though I am still not sure whether she understood well that it’s in all cases impossible to withdraw anything from the Forex demo account…</p>
<p>So, the moral of the story: if you want to earn money in Forex (and then withdraw it) you have to deposit real money into a real trading account first, then you should trade and win and only after that you are free to withdraw everything you want. To other Forex newbies I want to recommend reading the basic information about the retail Forex market and how it functions before «doing this forex trading for nothing». And in case you were going to request a withdrawal from your broker’s demo account, I beg you: «Please, don’t!»<br />
(&#8230;)<br />
Read the rest of <a href="http://www.earnforex.com/blog/2009/07/curious-case-of-some-newbie-forex-trader/">Curious Case of Some Newbie Forex Trader</a> (23 words)</p>
<p>Posted on <a href="http://www.earnforex.com/blog/">Forex blog</a>.</p>
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		<title>Leverage the two headed sword</title>
		<link>http://forextradingadvicecenter.com/2009/05/14/leverage-the-two-headed-sword/</link>
		<comments>http://forextradingadvicecenter.com/2009/05/14/leverage-the-two-headed-sword/#comments</comments>
		<pubDate>Thu, 14 May 2009 16:47:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Forex Trading Strategy]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/?p=35</guid>
		<description><![CDATA[Leverage can make you profit fast but also can make you loss quickly. Professional forex trader, always know how to manage leverage. You shouldn&#8217;t take high leverage in your trading. If you are wrong, then the game will be over. Leverage will affect your result the minute you enter your position. Because of the spread [...]]]></description>
			<content:encoded><![CDATA[<p>Leverage can make you profit fast but also can make you loss quickly. Professional forex trader, always know how to manage leverage. You shouldn&#8217;t take high leverage in your trading. If you are wrong, then the game will be over. Leverage will affect your result the minute you enter your position. Because of the spread (bid and ask level difference), you might instantly loss 6% if you are highly leveraged. If one pip worth 2%, the the 3 pip spread will cause you to loss 6% from the beginning of the trade.</p>
<p>In <a href="http://forextradingadvicecenter.com/visit.php?go=etoro">eToro</a> that I&#8217;m using, you can set the risk level you are willing to take. The more risk you are taking, the more leveraged you are. In <a href="http://forextradingadvicecenter.com/visit.php?go=etoro">eToro</a>, I use the &#8220;<strong>X100</strong>&#8221; risk level.<br />
<img src="http://ourhappymoney.com/images/risk.jpg" alt="" /><br />
And here is today&#8217;s trading result:<br />
<img src="http://ourhappymoney.com/images/160109.jpg" alt="" width="450" /><br />
Today I can gain around 6%, which is very good. If you multiple this with 22 days. You will have 132% per month. Well I&#8217;m quite happy with 50% profit per month. Happy trading guys.</p>
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		<title>Money management guide</title>
		<link>http://forextradingadvicecenter.com/2009/05/09/money-management-guide/</link>
		<comments>http://forextradingadvicecenter.com/2009/05/09/money-management-guide/#comments</comments>
		<pubDate>Sat, 09 May 2009 14:52:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Forex Trading Strategy]]></category>
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		<category><![CDATA[Money Management Guide]]></category>
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		<guid isPermaLink="false">http://forextradingadvicecenter.com/?p=15</guid>
		<description><![CDATA[Money management is very important if you are a trader, whether you are stock trader or forex trader. By using money management you can stay alive longer in the game. From the image above you can see the result of two trader. The first trader risk 5% of his money each trade. The second trader [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Money management</strong> is very important if you are a trader, whether you are stock trader or forex trader. By using money management you can stay alive longer in the game.</p>
<ul>
<li><img src="http://ourhappymoney.com/images/money-management.jpg" alt="" width="450" /><br />
From the image above you can see the result of two trader. The first trader risk 5% of his money each trade. The second trader risk 10% of his money each trade. You can see that after 10 loss trade, first trader will have more money left. You can see the importance of money management from the illustration if you have bad luck and loss ten trades in a row. Lesson learned: <strong>Always risk a small percentage of your money</strong>, below 5%. A good trader will know that you will not always win, so you must risk a small percentage of their total money so that they can survive those losing streaks.</li>
<li>Before enter a trade you must <strong>calculate the risk / reward ratio</strong>. When chances to win a trade is smaller than potential losses, don&#8217;t trade! You should only trade if the <strong>risk ratio is 1:3</strong>. For example if broker fee or spread is $3, and you only want to lose $3 for a total of $6 ($3 + $3) loss, then you will only close position when it loss $3 and win 3 * $6 = $18.</li>
<li>You should <strong>set protective stops</strong> for your trade. Remember the 1:3 risk ratio? You can set the level you want to cut loss from that number.</li>
</ul>
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