Trending And Trading Markets – Finding The Best Indicators For Each - By Kenny

Today's guest is Karen Stanlake of RangeTraders.com. Karen is going to tell us about the difference between trading and trending markets and some tools she uses in each market condition.
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Markets will either trend or trade. That is, they either move up, down, or go sideways. A common mistake is applying the wrong indicator to the wrong market condition. That would be like wearing a winter coat on a July afternoon in Phoenix!
There are some strategies that do use both types of indicators simultaneously, usually on multiple time frames. That’s beyond the scope of this article, but here are some ideas to help ensure your charts are properly attired for the market you’ve chosen to analyze.
A trending market is one that prices move strongly in one direction, either up or down. The easiest way to visualize this price pattern is by drawing a line that follows the slope of the prices. Another hallmark of a trending market is the steady move to new highs and higher lows. Conversely, in a down trending market prices would be making lower lows and lower highs.

Trading markets don’t make new highs. There is no discernible strong move in either direction. Prices tend to ping back and forth near old highs and then fall to prior lows. Tracing this type of price action would reveal a series of peaks and valleys.

Most conventional thought is that there are two types of indicators – lagging and leading. In my experience, they all tend to lag. That doesn’t mean that they aren’t valuable, but knowing how to use them is key.
Indicators don’t predict – they confirm. Consequently, they should not be used in isolation, but paired with other data to validate the information on the chart. My preference is to first interpret the price pattern and then use an indicator to bolster my analysis.
Trending Markets
Trending markets require lagging indicators. Moving averages (simple, weighted, exponential) are in this category as is the MACD (that also has a leading component, too). These indicators will keep you in a trend as long as the trend remains intact. Lagging indicators are useless in a trading market -- moving averages tend to flatten in a sideways market and offer no useful information.
Here’s an idea for finding trading entries in a trending market using moving averages. Scroll back in time on your charts and plot any average. Notice how price reacts as it approaches the MA. It’s possible to build very robust trading system from this information.
Here’s an example of price crossing a 20 period moving average. I’ve asked the software to show me closes above and closes below – those are my buy and sell signals. This is a chart of the SPY with the green arrows corresponding to buys and the red arrows as sell signals.

At the far left is a dotted box containing two parallel lines. The market was trading, or going sideways within that period and the severe down slope of the MA created a couple of bad signals. When a MA is so severely sloped don’t try and trade against it by going long (or short, as may be the case).
Most of the buy and sell signals from March 2009 to the present look pretty good. One way to improve this method would be drawing a trend line. That would offer additional support to a sell or buy signal.
The way I’ve drawn trend lines is a little different than others and I fail to remember where I learned this method. To draw an up trend line find the lowest low and draw the trend line up touching the last low before the last high. Here’s a close-up of the swing from March ’09 to mid June with a trend line.

Notice how price broke the trend line, yet closed above the MA. The next bar is the sell signal bar as price closed below the 20 MA. There was advance warning when price broke below the trend line!
Once of the most profitable strategies is getting back on a trend when it resumes its former direction. One way to accomplish this is to watch price and the trend line.
Once a strong trend changes direction, plot a trend line. Strong trends usually resume their former direction and it’s important to know when to take another position.
The next chart shows that a close above the 20 MA occurred in early July as marked by the green buy arrow. The price action at the trend line suggests that the former up trend has resumed and it’s time to buy a new position.
This is how to draw a down trend line -- draw from the highest high down to the last high before the last low. I’ve drawn the down trend line in bright blue.

Trading Markets
There will always be periods of consolidation in the markets to frustrate traders. The Relative Strength Index (RSI), Stochastics Oscillator, and Williams %R are some of the common indicators in most charting software. These tools swing between oversold and overbought and are usually bounded by an upper and lower range.
Trading markets are tricky to trade. Despite the use of oscillators there will be an increased frequency of signals, both buys and sells. Many of the signals will be false and whipsaws are very possible.
One of the best ways to tame a trading market is to find the support and resistance areas on the chart. The odds of success can also be increased by taking only the most overbought and oversold signals.
Take a look at the SPY between mid November 2001 and early January 2002 – for two months the SPY had a 6 point range swinging between 112 and 118. Notice the flatness of the MA – it provides no helpful information.

The following charts are comparisons of the following indicators during a trading market: RSI, Williams %R, and the Stochastics. First, the RSI –

Consider the box containing price as the upper and lower limits or as areas of support and resistance. The RSI is set to the default of 14 periods and it offers little valuable information as to where to place a buy or sell. This is the same chart with the Williams %R – not much better.

The yellow line in the bottom pane is the Stochastics. Of all three it has the smoothest movement. The horizontal white lines correspond to the highs and lows or price – the Stochastics shows the best correlation to the price highs and price lows.

Try using the Stochastics and pairing it with support and resistance areas. Taking only oversold signals near support, and selling or shorting overbought signals near resistance is maybe the best strategy. Here’s a chart with only the Stochastics plotted.

The Stochastics settings are the default settings (14, 3) and we’ll use the conventional oversold/overbought parameters of 20/80.
The first signal is an oversold signal – take a long position. The long position is sold at the overbought 80 level. Take a short position when the Stochastics curls down below the 80. That short would have been covered when it became oversold below the green 20 line.
Trailing stops is always a good idea in any market condition. Each of us has to consider the drawdown we’re willing to accept – that will help define where stops are set. For example, a two bar low might make a good trailing stop for a long. Conversely, trail a two bar high for a short position.

Watch the 50 line if you use this trading system. The 50 line seems to be a resistance line for the Stochastics. Oftentimes the indicator reacts at that level in a couple of ways. If Stochastics rises from oversold and can’t exceed the 50 line it is likely to fall back to the oversold level.
When falling from overbought levels the Stochastics will sometimes stop at the 50 line and go back up returning to the 80 level or beyond. Let price help give you some clues to what may happen when Stochastics reacts at the 50 level.
On the previous chart notice the blue circles on price and on the Stochastics. The Stochastics is indecisive about the direction it wants to take when it encounters the 50 level. Prices have formed a little consolidation within the larger blue box of consolidation. The way to trade this is watch price – if it breaks below the lowest low of this mini consolidation sell the position. Stick with the trade as long as price is above the lowest low.
The following chart is another period of consolidation in 2003. The Stochastics indicator wasn’t very accurate. The parameters were shortened to a 10 period Stochastics in the bottom pane, but the results weren’t much better.

It would have been more profitable to find the support and resistance areas and trade from the price action instead of relying on the indicator.
Trying to participate in a trading market can be very frustrating. The more trading one does the more we find our comfort levels. There is nothing wrong with taking a little trading vacation and waiting for market conditions that suit your style.
I hope you’ve found a few ideas that will work for you. Good luck with your trading!

Karen Stanlake
www.RangeTraders.com./blog

China's Currency Manipulation: About to Cause a Global Explosion? by Bryan Rich

Tim Geithner, Hillary Clinton and 200 other American bigwigs visited China this week.
First on the agenda: China's position on the rising tensions between North and South Korea.
With the rest of the major economic powers of the world standing against the actions of North Korea — a nuclear threat run by an oppressive regime — a neutral standing China poses a reasonable concern for future global stability.
Another significant topic Geithner was hoping to make headway on was China's currency policy. But China had little to say on the matter.
China's currency continues to be a subject the U.S. is willing to tap dance around diplomatically. Because when the gloves eventually do come off, U.S./China relations could rapidly collapse.
That's why China's alignment on the Korean peninsula tensions is of particular significance ...
It puts the catalysts in place for potential fallout between China and the Western world, which could mean economic war and perhaps military war ahead.

Despite the smile, Geithner couldn't get the Chinese to say much about their currency policies.

I think China's currency policy represents too big a risk to global economic recovery and global stability for Washington to continue granting a stay. So today I want to revisit two of the arguments I've laid out in past Money and Markets columns to explain why we should worry about China, despite the headlines about it being an engine of global growth.
The first is ...
China's Currency Manipulation Poses a Roadblock to Sustainable Global Economic Growth
The G-20, the IMF, the OECD — all of the major institutions and central banks of the world have been harping on the importance of repairing global imbalances over the past year ... and for good reason. When they do this, they're talking specifically to China.
Over the last 14 years, China's economy has grown a whopping eight-fold, to $4.9 trillion, and it has quickly soared to become the world's third-largest economy.
During the same period, the U.S. economy has only doubled in size.
As far as currencies are concerned, the dramatic outperformance of the Chinese economy relative to the U.S. economy would normally be reflected in a much stronger Chinese currency.
But China controls the value of its currency. They allowed it to strengthen only 18 percent during those 14 years — a mere drop in the bucket, keeping the advantage squarely in China's court.
Moreover, since the financial crisis and global recession kicked in two years ago, China has returned to a peg against the dollar, artificially keeping its goods cheap for a weaker U.S. consumer and undercutting its export-centric competitors.

As long as China continues to control its currency, global trade will remain lopsided.

Here's the problem: The global trade imbalance driven by China's cheap currency is a recipe for more frequent boom and bust cycles. So this issue has to be addressed.
Then there is the ...
Threat of Protectionism
Ultimately, the rest of the world will have to choose action over diplomacy. That means imposing sanctions on China and trade restrictions on Chinese goods.
But the problem with protectionist activity is that it tends to bring about retaliation, and it becomes contagious. That's exactly what happened in the Great Depression. And it's what brought global trade to a standstill.
Today, with unemployment sustaining high levels, the political support to act is there. Many would think that "standing up to China, is standing up for us."
You see, when jobs are tight the perception by most workers towards globalization becomes more negative. And studies show that during these times, the number of people who favor the idea of higher tariffs on imported goods increases considerably. As it becomes increasingly evident that China will not play ball on allowing its currency to appreciate to a fair value, geopolitical tensions are bound to elevate, and protectionism will likely follow.
And given the sovereign debt crisis that's already underway, protectionism is yet another risk to the global economy that increases the probability of another bout with recession.
In fact, protectionism has historically put fragile economies in a deeper and more prolonged crisis ...
I want to show you a chart of the S&P 500 from the Great Depression years. This gives you a clear understanding of why protectionism is so dangerous.

As you can see, the stock market topped in 1929 and fell 45 percent in just three months. Then, it had a sharp correction, recovering 47 percent from the November '29 low.
In June 1930, two U.S. Congressmen, Smoot and Hawley, championed a bill to slap a tariff on virtually every foreign good. And that was the catalyst for the second leg down ... a massive plunge in the stock market and arguably the catalyst for the Great Depression.
Since April 15, Treasury Secretary Geithner has been "on the clock." He's past due on a currency report he owes Congress. In it he is expected, under recently adopted more stringent rules, to publicly name China a currency manipulator. And with that, a can of worms would be opened.
As an investor, it's always important that you anticipate plausible scenarios. Because if a China conflict scenario plays out, you can expect the outcome to be bad for global growth, bad for global stocks, bad for commodity demand and likely good for the continued safe haven appeal of the U.S. dollar.
Regards,
Bryan

Forward and Futures Contracts

Part 1: Forward Contracts

A forward contract is a private contract between a buyer and a seller in which the buyer agrees to buy and the seller agrees to sell a specific quantity of a certain security or commodity (known as the underlying instrument) at the price specified in the contract. The difference between a forward contract and most other sales contracts is that with the forward contract, the delivery and payment of the underlying instrument occurs at a specified future date instead of immediately. Let’s take a look at an example. 

Before a wheat farmer plants his crop, he executes a contract with a cereal company for the delivery and purchase of 75,000 bushels of wheat at a price of $1 per bushel. The actual exchange of the wheat for money will, of course, not take place until after the crop is harvested in the fall. By entering into a forward contract, both the farmer and the cereal company reduce their respective risks. By pre-selling his crop at $1 per bushel, the farmer has protected himself against the risk that in the fall the then-current price (or spot price) will be lower than $1 per bushel. The cereal company, on the other hand, by pre-purchasing has protected itself against the risk that in the fall the spot price of wheat will be greater than $1 per bushel. Both parties to the transaction sacrifice the possibility of getting a better price for themselves in exchange for eliminating the risk of getting a worse price.
When harvest time arrives, the spot price will either be higher or lower than $1 per bushel depending on the normal circumstances that affect supply and demand. If the price at harvest has risen to, say $1.35 a bushel, the farmer will undoubtedly wish that he had not entered into the forward contract. The cereal company, however, will be quite pleased to pay a below-market price of $1 per bushel. On the other hand, if the spot price in the fall drops to $0.75 per bushel, the farmer will be delighted to be getting the above-market price of $1. The cereal company, of course, will not be so thrilled to have to pay $1 per bushel when the market rate is $0.75. In this contract, as with all forward contracts, the buyer is pleased if the agreed-upon contract price is lower than the spot price and the seller is happy if the contract price is higher than the spot price.
Because the forward contract is privately executed between the two entities, the primary goal when entering into it should be to ensure that all of the terms and contingencies are clear and that there are no uncertainties or ambiguities. Some contract parameters which should be clearly defined include: delivery terms and location, quality specifications of the underlying instrument, payment and credit terms (both parties are exposed to the risk of the other defaulting on its obligation), a dispute resolution procedure, cancellation provisions (the vast majority of forward contracts do not have such provisions), liquidity, and price transparency (which is the widespread availability of timely and accurate price information to any interested parties). 

Part 2: Futures Contracts

The first article of this series illustrated the basics of forward contracts. In this article we will discuss futures contracts and the differences between the two.  

A futures contract, unlike the privately-traded forward contract, is publicly traded. As with the forward, each futures contract is for the purchase or sale of a loan, currency or commodity with actual delivery scheduled to occur at some time in the future. While the concept behind both forwards and futures contracts is the same -- namely, providing a way for buyers and sellers to lock in a price today for transactions that will take place in the future -- the way in which they are implemented is, for the most part, completely opposite.
While forward contracts are privately executed between two parties who know each other (at least figuratively speaking), futures contracts trade on the floor of a futures exchange. And because they trade on the floor of an exchange, the transactions are always handled by brokers who are members of that exchange. No futures contracts are executed by the parties themselves, thereby maintaining anonymity throughout the process. For example when someone buys pork bellies or U.S. T-bills via a futures contract, they have no idea whom they are actually buying them from, which brings up the subject of risk.
The only reason that people are willing to buy and sell futures contracts with anonymous counter parties is that the exchange which facilitates the transaction guarantees all trades. So, unlike forward contracts, where each side is exposed to the credit risk of its counter party, with futures, the exchange assumes the credit risk if a party defaults on its obligations. The exchanges are, in turn, backed by insurance policies, lines of credit, and the financial strength of their members. This makes them, for all intents and purposes, free of any credit risk. The exchanges significantly reduce the amount of risk to which they themselves are exposed by setting forth strict rules concerning the counter parties and contracts in which they deal. For example, customers who buy and sell futures contracts are required to post a security deposit, known as a margin, against their market position. They are also required to cover their losses on a daily basis, which is commonly referred to as being “marked to the market”. Additionally, exchanges demand that delivery of the underlying instrument at the expiration of the contract be done at the then current spot price.
The fact that delivery occurs at the spot price has two very important effects on the futures market: first, it removes any incentive for either party to default on the contract when the time for delivery arrives. The spot price and the price that the exchange pays are the same, so neither buyer nor seller can gain an advantage by dealing with a source other than the exchange (which would raise further credit risks for the parties anyway). It also removes any incentive for either party to actually go through with the delivery procedure. (One of the major advantages of futures is that neither side has to hold onto its position until contract expiration.) Because all profits and losses associated with the transaction are already recorded in each party’s margin account (remember that they’re “marked to the market”), most futures contracts are closed out in advance. Only a very small percentage of them ever actually go to delivery.

6 Cardinal Rules To Sustain Your Forex Trading Career

Learning how to trade forex successfully and being a full time forex trader is a lot more than analyzing forex charts, then jumping in on your forex investment. There are plenty of currency traders that are successful for a short period of time and then fall apart and lose their edge.

As a professional and full time forex trader myself, I'll like to share the 6 cardinal rules as a personal advice to help you sustain your career as a full time forex trader.

1. Don't forget to check your economic calendar

It sounds like something that should be obvious, but you would be surprised at the number of currency traders who forget to simply check the economic calendar each and every morning to make sure that they don't miss out economic data releases. If you want to avoid a situation where you spend all day trying to find a good investment opportunity and then have it fall by the wayside because of this, go to a site like the Forex Factory each and every day before you jump into the action.

2. Use economic forums to your advantage

When you are trading, forex forums can serve two purposes for you. First, they're going to provide you with a productive way take a break during slow periods of business. The life of a full time trader can be very boring. Second, you're going to have a way to discuss forex trading intelligently with other like-minded individuals as you're rarely going to be in a situation where someone else in your household could even care what you are talking about.

3. Enjoy your life

After spending all day in a high paced environment and staring on the monitors while you're doing forex trading online, you need to get out and interact with some human beings again. Crunching numbers all day and being exposed to the level of stress you're going to have in the forex market demands a little release. Make some time to get out and enjoy yourself and you won't regret it.

4. Don't allow yourself to get lazy

If you are successful currency trader or just learning to trade forex, one of the best forex tips I can give you abouts something other than forex is to not fall into the trap of getting sedentary and spending all your time worrying about the forex market. In order to keep your body in shape and your mind fresh, you're going to have to get your fair share of exercise. This is not a job is going to create a lot of movement. You be sitting down all day at a computer and exercise will help in keeping you sharp.

5. Get off your computer a couple of times a day

You are going to learn very quickly that the more you sit at your computer, the less focused you become. This is extremely dangerous in the forex trading. There is nothing wrong with treating yourself to a quick 15 minute break so you can go out and get some fresh air a couple times a day. It's a quick way to recharge your batteries and regain your focus to take a successful trade.

6. You work hard for that money, now make it work for you

Forex trading is not the only place where your money can grow. Once you have established yourself as a successful trader, pull some of that money out and put it to work in other areas. You may decide to buy some investment properties or dive into a separate market and allow your money to grow in other ways. It also serves to diversify your portfolio.

The Foreign Exchange Interbank Market - By Kathy Lien

According to an April 2004 report by the Bank for International Settlements, the foreign exchange market has an average daily volume of close to $2,000 billion, making it the largest market in the world. Unlike most other exchanges such as the New York Stock Exchange or the Chicago Board of Trade, the FX market is not a centralized market. In a centralized market, each transaction is recorded by price dealt and volume traded. There is usually one central place back to which all trades can be traced and there is often one specialist or market maker. The currency market, however, is a decentralized market. There isn't one "exchange" where every trade is recorded. Instead, each market maker records his or her own transactions and keeps it as proprietary information. The primary market makers who make bid and ask spreads in the currency market are the largest banks in the world. They deal with each other constantly either on behalf of themselves or their customers. This is why the market on which banks conduct transactions is called the interbank market.

The competition between banks ensures tight spreads and fair pricing. For individual investors, this is the source of price quotes and is where forex brokers offset their positions. Most individuals are unable to access the pricing available on the interbank market because the customers at the interbank desks tend to include the largest mutual and hedge funds in the world as well as large multinational corporations who have millions (if not billions) of dollars. Despite this, it is important for individual investors to understand how the interbank market works because it is one the best ways to understand how retail spreads are priced, and to decide whether you are getting fair pricing from your broker. Read on to find out how this market works and how its inner workings can affect your investments.

Who makes the prices?Trading in a decentralized market has its advantages and disadvantages. In a centralized market, you have the benefit of seeing volume in the market as a whole but at the same time, prices can easily be skewed to accommodate the interests of the specialist and not the trader. The international nature of the interbank market can make it difficult to regulate, however, with such important players in the market, self-regulation is sometimes even more effective than government regulations. For the individual investor, a forex broker must be registered with the Commodity Futures Trading Commission as a futures commission merchant and be a member of the National Futures Association (NFA). The CFTC regulates the broker and ensures that he or she meets strict financial standards.

According to the "Wall Street Journal Europe" (February 2006), 73% of total forex volume is done through 10 banks. These banks are the brand names that we all know well, including Deutsche Bank, UBS, Citigroup and HSBC. Each bank is structured differently but most banks will have a separate group known as the Foreign Exchange Sales and Trading Department. This group is responsible for making prices for the bank's clients and for offsetting that risk with other banks. Within the Foreign Exchange group, there is a sales and a trading desk. The sales desk is generally responsible for taking the orders from the client, getting a quote from the spot trader and relaying the quote to the client to see if they want to deal on it. This three-step process is quite common because even though online foreign exchange trading is available, many of the large clients who deal anywhere from $10 million to $100 million at a time (cash on cash), believe that they can get better pricing dealing over the phone than over the trading platform. This is because most platforms offered by banks will have a trading size limit because the dealer wants to make sure that it is able to offset the risk.

On a foreign exchange spot trading desk, there are generally one or two market makers responsible for each currency pair. That is, for the EUR/USD, there is only one primary dealer that will give quotes on the currency. He or she may have a secondary dealer that gives quotes on a smaller transaction size. This setup is mostly true for the four majors where the dealers see a lot of activity. For the commodity currencies, there may be one dealer responsible for all three commodity currencies or, depending upon how much volume the bank sees, there may be two dealers.

This is important because the bank wants to make sure that each dealer knows its currency well and understands the behavior of the other players in the market. Usually, the Australian dollar dealer is also responsible for the New Zealand dollar and there is often a separate dealer making quotes for the Canadian dollar. There usually isn't a "crosses" dealer - the primary dealer responsible for the more liquid currency will make the quote. For example, the Japanese yen trader will make quotes on all yen crosses. Finally, there is one additional dealer that is responsible for the exotic currencies such as the Mexican peso and the South African rand. This setup is mimicked usually across three trading centers - London, New York and Tokyo. Each center passes the client orders and positions to another trading center at the end of the day to ensure that client orders are watched 24 hours a day. (To continue reading about currency crosses, see Make The Currency Cross Your Boss and Identifying Trending & Range-Bound Currencies.)

How do banks determine the price?Bank dealers will determine their prices based upon a variety of factors including, the current market rate, how much volume is available at the current price level, their views on where the currency pair is headed and their inventory positions. If they think that the euro is headed higher, they may be willing to offer a more competitive rate for clients that want to sell euros because they believe that once they are given the euros, they can hold onto them for a few pips and offset at a better price. On the flip side, if they think that the euro is headed lower and the client is giving them euros, they may offer a lower price because they are not sure if they can sell the euro back to the market at the same level at which it was given to them. This is something that is unique to market makers that do not offer a fixed spread.

How does a bank offset risk?Similar to the way we see prices on an electronic forex broker's platform, there are two primary platforms that interbank traders use: one is offered by Reuters Dealing and the other is offered by the Electronic Brokerage Service (EBS). The interbank market is a credit-approved system in which banks trade based solely on the credit relationships they have established with one another. All of the banks can see the best market rates currently available; however, each bank must have a specific credit relationship with another bank in order to trade at the rates being offered. The bigger the banks, the more credit relationships they can have and the better pricing they will be able access. The same is true for clients such as retail forex brokers. The larger the retail forex broker in terms of capital available, the more favorable pricing it can get from the interbank market. If a client or even a bank is small, it is restricted to dealing with only a select number of larger banks and tends to get less favorable pricing.


Both the EBS and Reuters Dealing systems offer trading in the major currency pairs, but certain currency pairs are more liquid and are traded more frequently over either EBS or Reuters Dealing. These two companies are continually trying to capture each other's market shares, but as a guide, the following is the breakdown where each currency pair is primarily traded:

EBS	Reuters
EUR/USD	GBP/USD
USD/JPY	EUR/GBP
EUR/JPY	USD/CAD
EUR/CHF	AUD/USD
USD/CHF	NZD/USD

Cross currency pairs are generally not quoted on either platform, but are calculated based on the rates of the major currency pairs and then offset through the legs. For example, if an interbank trader had a client who wanted to go long EUR/CAD, the trader would most likely buy EUR/USD over the EBS system and buy USD/CAD over the Reuters platform. The trader then would multiply these rates and provide the client with the respective EUR/CAD rate. The two-currency-pair transaction is the reason why the spread for currency crosses, such as the EUR/CAD, tends to be wider than the spread for the EUR/USD.

The minimum transaction size of each unit that can be dealt on either platforms tends to one million of the base currency. The average one-ticket transaction size tends to five million of the base currency. This is why individual investors can't access the interbank market - what would be an extremely large trading amount (remember this is unleveraged) is the bare minimum quote that banks are willing to give - and this is only for clients that trade usually between $10 million and $100 million and just need to clear up some loose change on their books. (To learn more, see Wading Into The Currency Market.)
ConclusionIndividual clients then rely on online market makers for pricing. The forex brokers use their own capital to gain credit with the banks that trade on the interbank market. The more well capitalized the market makers, the more credit relationships they can establish and the more competitive pricing they can access for themselves as well as their clients. This also means that when markets are volatile, the banks are more obligated to give their good clients continuously competitive pricing. Therefore, if a forex retail broker is not well capitalized, how they can access more competitive pricing than a well capitalized market maker remains questionable. The structure of the market makes it extremely difficult for this to be the case. As a result, it is extremely important for individual investors to do extensive due diligence on the forex broker with which they choose to trade.

When You Will Become A Professional Forex Trader? - By Vahid

I received a comment on the December 24 report from a gentleman, Sambhunath, that made me write and post this article. Sambhunath says,

” While moving around aimlessly in the internet, I have chanced to come across your site. It appeared so attractive that I have gone through as many pages as I could and finally come to the conclusion that I must visit this site regularly.
As for myself, I am relatively new in the field of currency-trading. I had read a lot of e-books and practiced my acquired skills in some demo-accounts. Enthused by consecutive and relatively consistent success I started to believe that I had mastered all the skills necessary to become a successful currency trader. I then opened a real account with all the savings I had and started my real journey. The consequence of my endeavor proved to be fatal !!!!
I have lost all my money. I do not understand why for some days I remain puzzled and behave most irrationally and lost my all.
This blow has proved to be an eye-opener. I have realized that my knowledge about both the market and about myself is far from satisfactory. I am yet to learn a lot before even thinking of playing with real money. I have to learn everything afresh from a real master. I still believe that I can learn the subject and in course of time I must be a successful trader.
I have wrote so many things just for the new-comers. This is not just as it appears. It is purely a game of applied psychology- controlling impulses of fear and greed- applying earned knowledge judiciously.
I cannot sufficiently express how happy I am meeting you. You are the person I am looking after.
You have started an excellent work. Countless people around the world will remain thankful to you for ever. “

I appreciate his kindness and I am happy that my efforts could be any of help. Unfortunately, this happens to more than 95% of the beginners and he is not alone. Something that changes a beginner to a professional trader should happen after this stage but unfortunately 99% of those who come through this stage, give up and never think about forex or any other kind of investment and trading. They will complain that they are not for trading and they can not become traders.

I have explained in one of my other articles that you have to have three things to become a good and successful trader:

1. Knowledge
2. Experience
3. Suitable mental and psychological condition

A professional forex trader is not someone who makes money with each and every trade. When he loses in a trade, he tries to find the reason. If you lose your money as soon as you start working with the real account you should ask yourself that “Do I have enough knowledge? Do I have enough experience? Am I mentally and psychologically ready to trade with my money?”

If you answered no to any of the above questions, you should not trade with the real account.
You can learn everything about forex trading through the internet. Internet is full of free and invaluable information about forex. There are also free videos that you can watch and learn a lot. They all talk about trends, patterns, indicators, candle sticks, fundamentals and … and you can learn all of them word by word.
Then you sign up for a demo account and start trading. Sometimes your first trades are very good and it deceives you that you have learned everything and now you can trade with real money but you don’t know that forex market is like an ocean. Sometimes it is calm. Sometimes it is stormy and sometimes there is a Tsunami because of an earthquake. Someone who has experienced sailing when the ocean has been calm may think that he is a sailor but he is not aware that the storm is on the way and he is not experienced enough to face a real storm. He goes to ocean and becomes trapped by the storm.

Professional forex trader means someone who has built his confidence through enough practicing and repeating his success. Beginners should keep in their mind that a few successful trades with the demo account doesn’t mean that they are good traders and a few successful trades with the real account, doesn’t mean that they can increase the amount of the trades.

Beginners have to keep on trading with the demo at least for few months. The other thing is that they have to have a system. Trading with the demo account without an especial and well-described system is wasting of time. You have to know what kind of signals you should be waiting for before you buy and sell and you should know that you only buy and sell when you see the signals not when you think that you are seeing the signals. Like waiting behind the red light. You start moving only when you see the green light.
So you have to trade with the demo account at least for few months. You have to learn to get stuck to your system. You have to learn to control your emotions. You have to learn to control your fear and greed before you start working with real money.

Unfortunately some greedy brokers push the beginners to open real accounts. They are not smart enough to understand that they have to have long term traders not one day traders. Most beginners who lose their money, will never reload their accounts and so the brokers will lose them for good.

When you work with the demo account for few months, you feel a confidence in your heart. This confidence is not a false confidence because it is gained through practicing and experiencing. If you don’t feel a true confidence, keep on practicing with the demo account. It doesn’t matter for how long. One year or even two years. Nobody has determined a deadline for you. So don’t rush. The market is always there waiting for your money.

Then open a real account but please note that after opening a real account, you are at the BEGINNING of a new stage. Yes! Working with the real account is different from the demo account.

Why? Are the signals, charts, indicators, currency pairs and … different?

Absolutely not. They are all the same but something that is different is that you know that you are playing with your real money. The money that you have been working to the bone to collect. You don’t like to lose it. You want to increase it.

What will happen then?

You trade with more fear and greed. You don’t close the trade that goes against you because you don’t want to lose. You wait for the price to change the direction but it won’t and finally you decide to close your trade when you have lost a lot.

Or you keep a good trade to make more profit. You ignore the reversal signals and so you lose all the profit you had in your hand.

Sounds familiar, doesn’t it? 
So what should you do?

1. Start learning first and complete your knowledge. Learn everything that you should know about the trends, patterns, support, resistance, candle sticks, reversal and continuation signals and … . There are a lot of websites that have these information for free. You have to spend at least three months to learn all these things.

2. Decide that if you want to be a swing trader or an intraday trader. As a beginner you should choose one of them because you have to be focused on one thing first.

3. Choose a system (strategy). Your system should be as simple as possible. Complicated systems are not applicable. You can only lose with them. A System should be as easy as 1, 2, 3. Also choose a system that works according to technique and knowledge not according to superstitions. In an e-book I read about a strategy that says you should buy when you see the price has gone up for 80 pips before noon!!!

4. Start trading with the demo account using the system you have chosen. If you see that you don’t like your system or it is not good, change it. Find a better and simpler system. Get stuck to it and test it over and over and over. Spend several months to one year with the demo account. Do not be fooled by some of the forums members who say “I have started working on forex two months ago and now I make 100 pips everyday”. This is not true.

5. Forget that the account you are working with it is a demo account. Consider it as a real account. When you see you are losing, think that it is your REAL money that is burning. And when you see that you are making profit think that it is going to your real bank account. Keep in your mind that if you rush and trade emotionally you lose your money. This will help you to experience your fear and greed before trading with the real account. If you experience them, you will learn to control them. Don’t let them show themselves right when you start trading with your real money.

6. Then start working with a real account BUT trade with a very very small amount of money. I don’t care if you have a $500k account or a $100 account. Start trading with the minimum amount that you can place an order. Keep on working with this amount of money for a few weeks. If you saw that you are trading exactly like when you have been trading with the demo account, increase the amount of the money gradually. Do not play with a huge amount of money after a few successful trades.

7. Don’t give up! Don’t get disappointed when you lose. Everybody loses at the beginning. Even the best traders lose in some of their trades. Learn from your mistakes. Keep in your mind that losing is part of the game. We do not practice to learn not to lose. We practice to learn how to lose small amounts and win big amounts. Your stop loss will be triggered in some cases. This is natural. It should not prevent you from entering to another trade.

If you work in the way I explained above, you will become a professional trader in about one year without losing your money and without having to reload your account.

Happy trading

Thời điểm giao dịch Forex

Trước khi nhìn vào những thời điểm tốt nhất để giao dịch, chúng ta phải nhìn hết cả 24h trong một ngày để thấy được tình hình của thị trường ngoại hối như thế nào. Thị trường ngoại hối có thể chia làm ba phiên giao dịch chính: Tokyo, Luân Đôn, Mỹ. Dưới đây là một bảng biểu về giờ mở cửa và đóng cửa của mỗi phiên: 


 
Bạn có thể nhận thấy, giữa các phiên có một khoảng thời gian mà tại đó hai phiên mở cửa cùng một lúc. Từ 3-4h.EST, cả thị trường Tokyo và Luân Đôn đều mở cửa, và từ 8-12h.EST, cả thị trường Luân Đôn và Mỹ đều mở cửa. Tất nhiên đây là những thời điểm sôi động nhất của thị trường ngoại hối vì khi hai thị trường mở cửa cùng một lúc thì khối lượng giao dịch sẽ nhiều hơn. 


 
Như bạn thấy, phiên giao dịch Luận Đôn luôn thể hiện sự dao động lớn nhất.

Bây giờ, hãy nhìn xem những ngày nào trong một tuần là thích hợp để giao dịch nhất…

Những ngày tốt nhất trong một tuần để tiến hành giao dịch ngoại hối

Ok, hiện nay chúng ta đã biết phiên giao dịch Luân Đôn là sôi động nhất so với các phiên giao dịch khác, nhưng tất nhiên là vào những ngày này tất cả thị trường đều có khuynh hướng biểu hiện sự dao động nhiều hơn. Dưới đây là một biểu đồ gồm thứ tự các điểm trung bình cho 04 cặp chính mỗi ngày trong 01 tuần:


 
Bạn có thể nhận thấy, suốt khoảng thời gian giữa tuần, sự dao động mạnh nhất được thể hiện ở cả 04 cặp chính.

Do đó, dựa trên 03 hình dơn giản này, chúng ta đã biết được thời điểm nào được xem là sôi động nhất của thị trường ngoại hối. Chúng là những thời điểm tốt nhất để giao dịch bởi vì chúng đem đến cho chúng ta cơ hội thành công cao hơn.

Nếu bạn cảm thấy như đang rớt xuống một mớ hỗn độn và chỉ mong chờ thua lỗ, dưới đây sẽ là thời điểm để giao dịch…

Nếu bạn muốn thua lỗ khi giao dịch

Chúng tôi không muốn áp đặt ý kiến của chúng tôi lên bạn. Thay vào đó, chúng tôi muốn bạn hãy tự quyết định khi bạn muốn xem công việc giao dịch như là nghề nghiệp của mình. Nếu bạn thật sự không muốn giao dịch trong những thời điểm sôi động của thị trường, những thời điểm bạn có thể kiếm tiền dễ dàng hơn, tiếp theo nếu bạn chấp nhận những nhược điểm dưới đây, và bạn cảm thấy thoải mái, tụ do hơn khi giao dịch với chúng. Chúng tôi đánh giá rằng bạn nhất định sẽ có một thời điểm giao dịch khó khăn khi bạn giao dịch vào :

Ngày thứ sáu: Thứ sáu là ngày mà thị trường đầy dao động. Đây là một ngày tốt để kinh doanh nếu bạn muốn tổn thất toàn bộ những lợi ích đã kiếm được trong suốt thời gian thư thả của tuần vừa rồi.

Ngày chủ nhật: Những ngày này thị trường tương đối ít có sự biến động. Hãy kinh doanh nếu bạn muốn bắt đầu chấm hết một tuần với những điểm âm.

Ngày nghỉ: Các Ngân hàng đóng cửa có nghĩa là có rất ít lượng giao dịch tại bất cứ quốc gia nào có ngày nghỉ. Đó là thời điểm kinh doanh rất tốt nếu bạn thích bị tổn thất tiền bạc hơn là có một ngày nghỉ và tận hưởng những điều tốt đẹp hơn trong cuộc sống.

Thời điểm có bản tin : Không một ai biết chính xác thời điểm nào giá sẽ tăng kể từ khi những bản tin được phát đi. Sự thật là các bản tin cũng tác động đến xu hướng giá cả trong một thời gian dài, nhưng chỉ sau một thời gian ngắn, xu hướng tiền tệ đầy bất ngờ, những bản tin không còn có thể nói gì. Bạn chỉ nên kinh doanh trong những ngày này nếu bạn là một thầy bói và bạn luôn đúng khi có thể dự báo trước được tương lai. Nếu điều đó là đúng, nếu bạn là một thầy bói, hãy nói cho tôi biết bởi vì tôi có thể phải nhờ đến năng lực siêu nhiên đó của bạn!

Bạn sẽ phải làm gì nếu như bạn không thể kinh doanh trong suốt thời gian thị trường sôi động

Nếu bạn đang gặp phải khoảng thời gian tồi tệ hoặc có một công việc hằng ngày, hầu như sau đó bạn không thể ngồi trước một cái máy tính suốt những thời điểm kinh doanh sôi động nhất của thị trường. Nếu điều này là đúng, thì tôi có một vài lời khuyên dành cho bạn:

1. Hãy chuyển đến khu vực tốt hơn. Tốt nhất là bạn nên chuyển đến Luân Đôn. Tất nhiên là bạn phải từ bỏ nơi cũ và bắt đầu một cuộc sống hoàn toàn mới, thôi nào, nhưng ít nhất bạn có thể giao dịch tốt hơn phải không?

2. Giao dịch ngay trong giờ làm việc (để an toàn bạn phải có một vài công việc thật sự rồi để trong trường hợp ông chủ của bạn nhẹ nhàng tiến đến sau lưng bạn và hỏi bạn đang làm gì). Tôi cũng đã nhắc nhở bạn phải nắm vững tổ hợp phím Alt-TAB để bạn có thể nhanh chóng tắt windows ngay khi có báo động. Sự lựa chọn nhận lương (tiền Getting paid while getting paid). Nếu bạn muốn biết những gì tôi đang nói.

3. Trở thành một tổ chức giao dịch hoặc một nhà giao dịch dài hạn: Khi là một tổ chức giao dịch, bạn sẽ không phải liên tục giám sát thị trường giao dịch và bạn có thể kiểm tra hoặc quan sát chúng khi bạn kết thúc công việc của mình.

4. Giao dịch tại một phiên giao dịch khác thậm chí nếu nó không phải là phiên sôi động nhất. Nếu bạn không thể giao dịch tại phiên giao dịch Luận Đôn hoặc Mỹ, bạn nên tìm đến phiên giao dịch Tokyo. Tuy nhiên, bạn nên có kỷ luật và tiến hành giao dịch mỗi ngày. Bạn sẽ bắt đầu học cách nó dao động và có thể phát triển các chiến lược riêng cho phiên giao dịch đó.

Với tư cách cá nhân, tôi nghĩ cách thứ 3 và thứ 4 là sự lựa chọn tốt nhất cho bạn, nhưng tôi muốn nhắc lại, sự chọn lựa cuối cùng vẫn thuộc về bạn. Thậm chí nếu bạn không thể giao dịch, thì nó vẫn giúp cho bạn quan sát tốt các biểu đồ trong suốt một phiên giao dịch. Bằng việc vận dụng chúng để quan sát được sự dao động của giá cả, đồng thời có thể quan sát một sự tường thuật chính xác về tiền tệ. Hãy tin tôi, sau nhìn vào các biểu đồ đã kết thúc, bạn sẽ thấy các biểu đồ hiện tại sẽ rất khác. Thậm chí nếu bạn thật sự không thể giao dịch trên thị trường, trong khi quan sát các biểu đồ, bạn vẫn nên ghi nhớ một vài điểm đáng chú ý trong trường hợp có thể lát nữa đây bạn sẽ tiến hành giao dịch. Có công mài sắt có ngày nên kim, và hãy thực hành nhiều hơn nữa, điều đó sẽ giúp bạn hiểu và nắm vững nó tốt hơn.

Sự lựa chọn là của Bạn

Bạn đã có khái niệm về thời điểm! Chúng tôi đã đưa ra cho bạn tất cả những thông tin mà bạn cần phải chú ý thời điểm nào sẽ tốt nhất cho việc thực hiện các giao dịch. Tất cả những gì bạn phải làm bây giờ là khẳng định dù có chúng hay không, bạn vẫn sẽ giao dịch khi đến thời điểm có thể kiếm được tiền nhiều hơn, hoặc nếu bạn thực hiện nó một cách tích cực.

Fundamental trading: Trade the Nonfarm payroll Event - By Ngô Tự Anh

Ý nghĩa của thị trường lao động.

Như chúng ta đã biết thì để đánh giá một nền kinh tế, là khỏe mạnh hay là ốm yếu, thì đều phải quan sát dưới nhiều góc độ, kinh tế Mỹ cũng không phải là ngoại lệ, sau cuộc khủng hoảng tài chính vừa qua, kinh tế mỹ chìm vào suy thoái sâu, và hiện nay đã bước đầu có những dấu hiệu của sự phục hồi, để đánh giá mức độ của sự phục hồi đó, những nhà hoạch đính chính sách nói chung hay Fed nói riêng cần quan sát dưới nhiều khía cạnh: tăng trưởng kinh tế, tiêu dùng, lạm phát, thị trường nhà đất, thị trường lao động... Trong đó, việc quan sát sự phục hồi của thị trường lao động là cực kì quan trọng, có ý nghĩa quyết định trong hoạch định chính sách tiền tệ, một khi tỉ lệ thất nghiệp giảm xuống, công ăn việc làm được tạo ra nhiều hơn, thì thu nhập cũng vì thế mà tăng lên, thu nhập tăng làm tiêu dùng tăng theo, kinh tế tăng trưởng đi đôi với sự lên giá của thị trường hàng hóa. Dưới bàn tay hữu hình, lạm phát kì vọng tăng đồng nghĩa với lãi suất hiện tại phải tăng theo, lãi suất tăng lên ủng hộ cho sức mạnh đồng USD, gây áp lực đối với thị trường hàng hóa, tất cả có mối quan hệ tương quan ảnh hưởng lẫn nhau cho nên, nếu như có một sự khập khiễng nào đó, nhất định sẽ xuất hiện yếu tố đầu cơ.

Tầm quan trọng của nonfarm payroll Event- Vì sao lựa chọn tuần đầu tiên của tháng đề fundamental trading.

Nếu như để quan sát tăng trưởng kinh tế, FED nhìn vào GDP được công bố hàng quí và được điều chỉnh hàng tháng, .Quan sát lòng tin tiêu dùng, chi tiêu tiêu dùng, đơn đặt hàng, doanh số bán lẻ...để đánh giá thị trường tiêu dùng cũng như sản xuất, thì thông tin về bảng lương và tỉ lệ thất nghiệp được công bố vào thứ sáu tuần đầu mỗi tháng lại mang ý nghĩa quan trọng đối với việc đánh thị trường lao động. Do tính chất quan trọng của thị trường lao động mà những thông tin này cũng thường xuyên là key economic indicator, quyết định cả một xu hướng của thị trường. Để trading trong tuần có chỉ số này, chúng ta cũng phải có những kiến thức và thông tin nhất định về tình hình kinh tế hiện thời, và điều quan trọng nhất là làm sao để biết được điều mà thị trường đang hướng tới, sentiment (tạm dịch là tâm lí thị trường) của thị trường đang là gì. Hẳn sẽ có một ai đó nói với tôi rằng, nếu anh luôn biết được sentiment của thị trường, thì anh có thể trading vào mọi lúc, không nhất thiết là sự cá biệt của tuần nonfarm payroll trading. Xin thưa, chính xác là như vậy, nếu tôi xác định được sentiment của thị trường, tôi sẽ biết được hướng đi của thị trường, tuy nhiên theo tôi nhận thấy, việc xác định sentiment chính, khi mà những yếu tố trái chiều không có sự quá nhiều sự khác biệt, thật sự khó khăn, khi mà tâm lí thị trường không có một sự thật nào thật sự lớn lao để có thể lấn át tất cả, việc xác định sentiment giống như là một canh bạc khi mà mọi thứ dường như thay đổi liên tục, đó là chưa kể đến tâm lí của các trader Mỹ Á Âu lại hòan toàn khác nhau, vì vậy việc dùng FA (fundamental analysis) để trading trong những thời điểm như vậy dễ làm cho trader bị rối loạn, thiếu tính linh động, sơ cứng, ít nhất là so với TA( Technical analysis). Việc chọn thời điểm để fundamental trading trong thời điểm có key economic indicator rõ ràng là sáng suốt và có phần hợp lí hơn.Vậy thì,

Tâm lí thị trường hiện tại là gì?

Phía trên lần lượt là các biểu đồ về US FED fund rate, lạm phát lõi, và tỉ lệ thất nghiệp Mỹ. Hiện nay tỉ lệ thất nghiệp vẫn ở mức cao 9.7% tính đến tháng 4/2010, lạm phát lõi ở mức 1.25%, và lãi suất ở mức thấp kỉ lục 0-0.25%.Dễ dàng nhận thấy Fed vẫn đang mở rộng kế hoạch kích thích của mình, nhằm giúp cho nền kinh tế hạ cánh an tòan.
Từ đầu năm trở lại đây, chúng ta chứng kiến sự phục hồi rõ ràng của nền kinh tế Mỹ, với mức tăng trưởng 5.6% trong quí IV, cho dù chủ tịch FED Bernake không mấy lạc quan về sự phục hồi và nghi ngờ tính ổn định của nó, nhưng không thể nào phủ nhận được rằng những công ty mỹ đang làm ăn có lãi trở lại, các chỉ số chứng khóan Mỹ liên tục bứt phá qua những ngưỡng cản quan trọng, thể hiện rõ sự hồi phục hay ít nhất là niềm tin vào sự hồi phục đó. Một khi nền kinh tế Mỹ ổn định và tăng trưởng trở lại, chính là lúc mà áp lực lạm phát kì vọng tăng cao. Lạm phát tăng làm thị trường hàng hóa được hỗ trợ mạnh. Trong khi đó, Bernake cho rằng, sự phục hồi của nền kinh tế Mỹ muốn thật sự ổn định phải đi liền với sự phục hồi của thị trường lao động, một khi tỉ lệ thất nghiệp còn chưa giảm xuống, với áp lực lạm phát thấp hiện nay, FED không vội vàng tăng lãi suất cơ bản. Chúng ta nhận thấy một sự khập khiểng nào đó khi mà lạm phát kì vọng tăng trong khi sự can thiệp của bàn tay hữu hình là không hiện hữu, nhất định, sẽ có yếu tố đầu cơ giá lên trên thị trường hàng hóa nói chung và thị trường vàng nói riêng. Vấn đề là khi nào!

Có thể đúng và có thể sai.

Có một vấn đề gây tranh cãi đối với những nhà giao dịch trên thị trường tài chính trong suốt cả thế kỉ qua, đó chính là chiều hướng đánh giá thị trường thông qua PTKT( technical Analysis) hay PTCB( Fundamental analysis) thì hiệu quả hơn, trong khi PTKT sử dụng những bước chuyển động của giá ( Moving) trên giả thuyết thị trường hiệu quả và giá phản ánh tất cả để dự doán thị trường thì PTCB lại đo lường giá cả dựa trên tất cả những thông tin về nền kinh tế mà họ có được, tình hình chung, những sự kiện, diễn biến mới, tâm lí thị trường..v.v. Câu trả lời đó chính là không có cái nào là hiệu quả hơn cái nào, vấn đề là chúng ta có bổ sung chúng cho nhau được mà thôi hay không. Tôi đã gặp khá nhiều người giao dịch trên thị trường forex và thị trường hàng hóa giao dịch theo PTKT, tôi đã được nghe những ý kiến của một người bạn, anh ấy tỏ ra bức xúc khi nói với tôi rằng, PTCB chẳng nói lên được điều gì cả trong ngắn hạn, anh ấy nói anh ấy đã được nghe về Kinh tế Mỹ, hồi phục và tốt nữa, nhưng đôi khi cũng là không ổn định, rồi đôi khi là suy thoái kép và tệ hại hơn, họ cảm thấy bối rối về tất cả, vì sao lại không giãn lược mọi thứ, cuối cùng thì giá cả sẽ lên hay sẽ xuống, đối với một day-trading trader thì đôi khi chỉ đơn giản là buy điểm nào, stoploss bao nhiêu thì đủ và nên đóng giao dịch ở chỗ nào mà thôi.Và cũng có lần anh ấy chia sẻ với tôi rằng mới vừa nghe về tin Trợ cấp việc làm tuần rồi( unemployment claim), và cả tin tức về đơn đặt hàng lâu bền( durable goods orders), tất cả đều xấu, thế thì vì sao cặp tiền Euro vs USD và nhất là vàng lại tăng mạnh như vậy, trong khi chỉ mới tuần vừa rồi thôi, lòng tin tiêu dùng đại học chicago vừa công bố giảm mạnh so với kì vọng đã làm vàng drop một cú thật sâu như vậy. Bản thân tôi cũng thường xuyên là một nhà giao dịch theo PTKT, có lẽ một đôi lần tôi đã từng nghĩ về điều đó như cách mà anh ấy đã nói với tôi, nhưng một lúc nào đó tôi đã nhận ra, PTCB không phải là những thứ như vậy, hoặc chừng đó không phải là tất cả.Tôi thật sự cảm thấy thông cảm đối với người bạn của mình, đôi khi là đúng và đôi khi là sai, nhưng có một sự thật là chúng ta chỉ có thể sai mà thôi, còn thị trường thì không thể.

Thật khó để trình bày những thứ mà mình nghĩ, nhưng tôi nhớ có một lần thế này, đó hình như là tuần đầu tiền của năm 2010, cũng vào một tuần trading nonfarm payroll Event, tôi thật sự nhận thấy nhiều sự đảm bảo cho một chiều hướng giá lên trong suốt tuần này, cũng chính anh bạn đó nói với tôi rằng, anh ấy vừa đọc được những số liệu điều tra cho tin về lượng bán nhà mới( New home sales) tối nay, tình hình có vẻ khả quan và đã có những tín hiệu kĩ thuật phá vỡ thuyết phục anh ta với một lệnh mua.Tôi chỉ nói với anh ấy một câu thế này: " Tôi cũng nghĩ là anh sẽ đúng, nhưng có thể là anh đã sai rồi đó".

Không có kì vọng, không có chuyển động.
Vào một buổi trưa nào đó, tôi vừa nghe về tin tức bán lẻ UK release lúc 3h30 p.m, tin rất tốt so với kì trước và nhỉnh hơn một chút so với kì vọng, Sterling vs USD tăng mạnh trước đó và tăng thêm 10-20 pips sau khi ra tin trước khi quay đầu giảm mạnh.

Sức mạnh của kì vọng
Trở lại với vấn đề của bài trước, sau những phân tích về tâm lí thị trường, hẳn các bạn ngóng đợi thời điểm vào cuộc của chúng ta là gì. Nhưng tôi lại muốn nhắc các bạn về những phân tích của bài trước đó, lần trước tôi nêu ra những dẫn chứng từ những tháng đầu năm 2010, về tăng trưởng và lạm phát kì vọng, để các bạn dễ hình dung, nhưng có lẽ sự khập khiểng sâu sắc bắt đầu xuất hiện phải kể từ tháng 8/2009. Tôi nhớ đó chính là thời điểm Úc-nước đầu tiên trong nhóm nước phát triển- tăng lãi suất cơ bản lần đầu tiên sau khủng hoảng. Kinh tế Mỹ hồi phục và thất nghiệp không ngừng leo thang. Vâng, đó chính là tháng cuối tháng 8/2009.
Bây giờ chúng ta hãy cùng có cái nhìn sơ lược về tuần Nonfarm payroll trading từ tháng 8 cho tới bây giờ.

Lần lượt từ trên xuống là tổng quan về các tuần giao dịch đầu tiên của tháng 1,2 và 4 /2010.


tháng 1/2010

tháng 3/2010











tháng 4/2010











Hẳn các bạn sẽ thắc mắc vì sao không có tháng 2, và tôi sẽ giải thích lí do trong phần sau nữa.
và bây giờ là từ tháng 8 đến tháng 12/2009.
tháng 12/2009


tháng 11/2009


tháng 10/2009

và cuối tháng 8 đầu tháng /2009
Dễ dàng nhận thấy giá vàng tăng như thế nào trong những thời điểm trên đây, mở cửa đầu tuần và bắt đầu bức phá đến cuối tuần khi được biết về dữ liệu điều tra đáng lo ngại của tỉ lệ thất nghiệp sẽ chính thức release tối thứ sáu, các bạn quan sát thấy, thời điểm sau khi ra tin, giá có thể là tăng hoặc giảm, nhưng ở bài viết này không tham vọng đề cập tới hoạt động giá sau khi bản tin vào tối thứ 6 được công bố. Tôi chỉ muốn cho các bạn thấy bức tranh của kì vọng, là đáng sợ như thế nào. Đây là thời điểm mà hầu như tỉ lệ thất nghiệp tháng nào cũng được điều tra với con số dự đóan lớn hơn kì trước, và không ngừng tăng cao. Nhưng một điểm nữa đó là tỉ lệ thất nghiệp những tháng 4-5-6-7 và trước đó nữa của năm 2009 còn tăng với tỉ lệ cao hơn nữa, vậy vì sao lúc đó, giá vàng không được đầu cơ tăng giá mạnh trong tuần công bố bản tin về bảng lương và tỉ lệ thất nghiệp. Điều đó chứng tỏ, việc tỉ lệ thất nghiệp cao không phải là mấu chốt của vấn đề, mà vấn đề chính là việc kinh tế hồi phục. Thời điểm trước đó, việc tỉ lệ thất nghiệp tăng cao chỉ tô thêm vẻ mờ nhạt cho bức tranh suy thóai kinh tế, và nên nhớ rằng, một khi kinh tế còn suy thóai, vàng khó tăng cao và đứng trước áp lực giảm sâu. Khi kinh tế hồi phục, thị trường kì vọng vào giá cả trên thị trường hàng hóa tăng mạnh, một khi tỉ lệ thất nghiệp còn ở mức cao, thì khi đó LS được kì vọng chưa được nâng lên, và điều đó đủ thú vị để các nhà đầu cơ và các trader nhạy bén tâm lí thị trường vào cuộc, một khi một lực mua lớn xuất hiện sẽ đẩy giá tăng cao trong ngắn hạn. Vậy thì, tỉ lệ thất nghiệp điều tra lớn hơn kì vọng, là một chất xúc tác đủ mạnh để những nhà đầu cơ tin tưởng vào chính sách kích thích kéo dài thêm một thời gian nữa và thật là lí tưởng khi chúng ta vào cuộc cùng họ ngay lúc đó để ăn chênh lệch giá trong ngắn hạn.
Những nhân tố ảnh hưởng khác.
Như tôi đã từng nói trước đó, việc xác định sentiment của thị trường khi có key economic indicator thật sự dễ dàng hơn những lúc bình thường, thì đôi khi cũng có những yếu tố mới làm thay đổi mọi thứ, trong một thị trường với tất cả những yếu tố động, nếu áp đặt một yếu tố tĩnh vào, cũng nên dựa trên bối cảnh và những giả thuyết nào đó. Những yếu tố đó có thể là gì, một vụ động đất ở Chilê hồi tháng 3, hay tàu Hàn Quốc bị đắm chẳng hạn, hay gần hơn là vấn đề của Euro Zone.v.v. Và làm sao để chúng ta kiểm soát nó, tôi thiết nghĩ, nó thuộc phần kĩ năng giao dịch, hơn là kĩ năng phân tích. Kĩ năng giao dịch là cần có đối với mọi trader.
Và bây giờ có lẽ là lúc thích hợp để tôi trình bày diễn biến hồi tháng 2.Các bạn hãy nhìn xem
Giá mở cửa và tăng vọt lên ngay trong phiên Tokyo, sau đó tiếp tục duy trì bước tăng trong 2 ngày tiếp theo, nhưng những thông tin mới về cuộc khủng hoảng liên quan tới thâm hụt ngân sách Hilạp khiến đồng USD tăng giá mạnh song hành với mối lo ngại về khủng hoảng và suy thoái kép, những diễn biến mới kéo theo một sentiment mới và vàng bị một cú drop sâu khi mọi tham vọng của phe đánh lên bị thất bại hoàn toàn. Đôi khi chúng ta cũng phải chấp nhận một sự thật là không có ai là dám chắc chắn về tất cả mọi thứ, và không phải lúc nào chúng ta cũng có thể kiểm soát được tình hình, có thể lúc đó tôi đã chậm chân trong việc nắm bắt thông tin về tình hình của Euro zone, nhưng có lẽ đó là một phần của cuộc chơi.

Phân tích kĩ thuật kết hợp Phân tích cơ bản.
Đôi khi với những phân tích độc lập, chúng ta không thể nào tránh khỏi sự áp đặt, hoặc là có thể đôi khi những phân tích của bạn không hề sai, nhưng thị trường không nghĩ như bạn, phải chăng, chúng ta nên có một câu trả lời từ thị trường, khi ra quyêt định.
Ví dụ minh họa chart tháng 1/2010.

Khi bạn đã chuẩn bị tư thế cho một lệnh buy, sẽ khá hợp lí để vào lệnh khi thị trường trả lời bằng một cú break qua trend line như thế này.
Điều cuối cùng tôi muốn nói với các bạn, đó chính là, khi mà các bạn đã chọn cho mình con đường là một trader chuyên nghiệp, tôi thiết nghĩ các bạn sẽ phải không ngừng học hỏi theo thời gian, cho đến khi bạn thôi ngừng thở, vì nếu không, có thể bạn sẽ bị thị trường bỏ rơi.Vì sao con cái của Darvas hay có lẽ là cả Soros sau này nữa, đã và sẽ không thành công như những bậc tiền nhân của họ, phải chăng những đại tài kinh doanh như vậy ích kỉ đến nổi không thể truyền lại những bí kíp kinh doanh cho con cháu mình. Hẳn mỗi các bạn cũng có câu trả lời cho câu hỏi đó. Và rồi, những lời chia sẻ mà tôi đã nói trên đây, có thể áp dụng để thành công trong tương lai nữa hay không, có lẽ là tôi cũng không biết nữa, bởi vì thị trường luôn chuyển động và thay đổi, nhưng cũng có lẽ, ở một khía cạnh nào đó, một vài điều sẽ còn đọng lại và tồn tãi mãi với thời gian./

Forex Introducing Broker

Running your own forex broker business (no licensing/registration required).


Our forex introducing broker program is a great opportunity for both individuals and organizations to receive compensation (commissions or rebates) for introducing their customers or contacts to the forex market.
A forex IB (introducing broker) business can be structured in many different ways. It depends on the existing or potential client base of an individual or company. If you are thinking about setting up a forex broker business through our IB program and want more information, fill out our IB form by clicking here to get started or read our step-by-step IB guide. If you want to expand your business by offering your clients forex trading or managed forex services, becoming an IB will make this possible. See below.

• Why you should sign up as an IB through our firm
• Advantages of Becoming an Introducing Broker
• Examples of businesses that are good candidates to expand into the forex introducing brokerage industry
• Introducing forex managed accounts as an IB (optional)
• Forex introducing broker broker commissions and compensation - Forex IB's can earn higher commissions and fees than in the stock and futures market while providing their customers with greater benefits. Click on the link above to learn more.
• How do I get started? - A step-by-step guide to becoming an introducing broker
• Forex White Label - Build your brand in the forex market at no cost to you.

Available Services for IB's

Back Office Support - The Introducing Brokers will be provided with extensive back office services. These services include: customer statements, pip and dollar commission reporting, volume and IB commission reporting, automated reporting of leads generated, and more.
Customized Forex White Label - Introducing Brokers that qualify, can be provided with a customized forex white label platform at no cost whatsoever, joint marketing initiatives, sales support, content for their forex brokerage website, online commission and account reporting, and more.
Managed Forex Accounts - In the last few years, more and more affluent investors have turned to alternative investments that are not tied to poorly performing stock markets. If your client base includes wealthier investors that would like to diversify into professionally managed forex accounts with above-average returns, you can benefit greatly by introducing these accounts to your clients. Your compensation will include a percentage of the manager's performance fee, which can be a substantial addition to your business cash flow. If you are interested in offering managed forex services to your clients, please complete our IB form to discuss things further. Click here to complete our Introducing Broker form. For more information, visit our managed forex IB section.
Help and Advice on Getting your Forex IB business to Succeed - It is in our best interest that you establish a successful introducing brokerage business. Given the extensive marketing, forex, and trading experience of our staff, we can discuss with you the best ways to get your business up and running. This may include, but is not limited to, training for your staff, advice in setting up your website, suggestions on increasing your account closing rate, ways to leverage off your existing business, and how to provide excellent service to your customers.
Is it difficult to run a Forex Introducing Broker business?
No. It is very easy to operate an IB business in the forex market. The only thing you have to do is offer our services to potential traders and investors who can benefit from it. This can be easily done through word of mouth, via your existing website or new website, conferences, and many other ways. If you have an existing client base, you can offer forex trading services to them or you can establish a new group of clients. If your FX IB business has potential, we are willing to spend all the time necessary to help you succeed.
What do I do now?
It's really quite simple. Fill out our Forex IB form and provide us with some basic information.

1st Step in the IB process - Click here to complete our registration form

Examples of Businesses that can become Successful Forex IB's

If you want to discuss the status of your Introducing Brokerage application with us by phone after you complete our registration form, please call us


Why you should sign up as an IB through our firm
It is a lot more beneficial for you or your company to become an introducing broker through our company than to go straight to a clearing firm. Why?

• Attractive Payout
  By becoming introducing brokers through our firm, your payout will be extremely attractive and your clients will have access to very tight spreads and straight through processing (STP). You will also have the support of an organization that has helped many IB's succeed. These are only perks that are available through our firm [click here to complete our IB registration form and get started].
  
  
• Tight Spreads and STP (Straight Through Processing)
  STP technology allows your customers to trade currencies directly with the liquidity providers (banks, etc.) which make up the quotes, instead of with the dealing desk of a retail FX firm. This means your customers will get faster fills and higher quality executions, without the requotes, dealer delays, price manipulation, etc. that are part of the dealing desk model. This should translate into a higher quality of execution. Furthermore, relationships with multiple liquidity providers will give your clients access to tighter spreads than most forex brokerage firms, which will make it easier for your company to open more accounts and retain existing customers [click here to complete our IB registration form and get started].
  
  
• Industry Standard Platform (MT4)
  MetaTrader 4, or MT4 as it's more commonly known, has become de de facto standard in the forex trading industry. It will provide your clients with a powerful, all inclusive suite comprised of sophisticated charting, advanced order execution, and comprehensive reporting. MT4 is also extremely popular in the automated or algorithmic trading arena, where systematic traders can run existing forex robots (or automated programs also known as EA's or Expert Advisors) or develop their own, as well as run different backtests of the strategies over specific periods of time. When you become a forex IB, your clients will get access to MT4 at no cost whatsoever. Forex white label IB's will be able to customize the MT4 platform with their logos, thereby increasing their brand recognition in the FX market [click here to complete our IB registration form and get started].
  
  
• Higher Approval Rate
  The introducing broker market has become very competitive. The clearing firms are becoming more and more selective in the approval process for IB's. Not everyone gets accepted. That's where we come in. We are willing to work with a wider spectrum of potential IB's, so your chances of getting accepted increase dramatically [click here to complete our IB registration form and get started].
  
  
• Free Training
  If you become an IB through our firm, we will provide you with free training so that you can increase your account closing rate and, therefore, your profitability. We will train you so that you can offer your traders practical trading strategies as incentives to opening accounts with your firm. This includes the ability to provide live internet based training sessions to your customers as well various other educational materials [click here to complete our IB registration form and get started].
  
  
• Support from a Wining Organization
  We have helped many individuals and institutions all over the world become successful introducing brokers. From individuals to money managers, we have helped many establish their own IB operation. We can do the same for you [click here to complete our IB registration form and get started]. We know what you need to do to succeed and can help you immensely in this respect. Our guidance can become the critical factor that makes your forex IB business successful. We can save you or your company a lot of money and time by either assuring that your marketing plans are appropriate or putting together a plan of attack that can take you to the next level in this industry [click here to complete our IB registration form and get started].
  Will you leave your success to chance or will you allow us to show you the best path to take? Get started by completing our online IB form now.
  
  

  Advantages of Becoming an Introducing Broker

  Right now there are few opportunities that offer individual and institutional entrepreneurs more advantages than the foreign exchange introducing brokerage business. With the weakening of the U.S. Dollar, even American investors have become interested in the currency markets. This has created a huge opportunity for aggressive individuals and companies that want to offer their customers the ability to trade currencies online and/or diversify into professionally managed accounts. Here are just some of the advantages of becoming and introducing broker or IB:
  
  
  

  Benefits of Introducing Brokers

• Can give your customers access to leading online forex trading platforms.
• Forex IB's are paid based on the trading volume of their clients (Please note that clients don't pay more when they go through an IB - click here to find out why they don't).
• Can maximize their time by having their time-consuming back office issues handled for them for free.
• Can diversify into the forex trading business which is growing at a phenomenal pace and can earn potentially large cash flows while providing their clients with an excellent value-added service.
• Can leverage off their existing customer base or relationships and help their business grow.
• Can take advantage of the huge growth in demand for alternative investments by offering their high-net worth clients our excellent managed forex account services (optional).
• FREE Training - We will train you so that you can provide training services as incentives to your clients (local or remote), thereby increasing the number of accounts you open and your retention rate.
• Easy to get started. Click here to request more information about IB's.

Becoming a forex IB and enjoy many of these benefits today. The first step is to complete our forex ib form to tell us more about you or your business.
To speak to an introducing broker expert on the phone, call 1.305.600.4651 begin_of_the_skype_highlighting              1.305.600.4651      end_of_the_skype_highlighting. You can also click here to send us an email and request that we call you back.
Businesses that are good candidates to become Introducing Brokers.
You might be asking yourself, "What types of businesses can take advantage of the Forex IB program?" In reality, any individual or organization that has (or has the means to obtain) the proper contacts can become a successful Introducing Broker. To give you an idea, we have provided below just some examples of businesses and individuals that can establish a successful forex brokerage business [These are by no means the only possibilities. If you don't see your category below, don't worry - complete our IB registration form to see if you qualify]:

• Foreign bank wanting to hedge client's local currency risk
• Foreign bank wishing to diversify into alternative money management or online currency trading.
• Insurance companies or brokers
• Independent investment adviser or financial planner
• Stock or futures brokerage company or investment advisory firm
• Successful stock, futures, options or currency traders
• Successful forex traders that want to become money managers
• Popular financial websites
• High-traffic websites
• Asset management firms
• Money managers
• Hedge funds
• Trading rooms
• Advertising firms
• Presidents or owners of investment or trading clubs
• Organizers of financial seminars
• Well-known investment professors
• Real estate or mortgage firms
• Trusted salesperson with affluent client base
• Companies with large client bases
• Personal adviser for influential people (actors, sports stars, executives, etc.)
• Influential people with large contact bases
• Attorneys, accountants and other business professionals with wealthy clients

We are looking for qualified businesses and individuals throughout the world that want to take advantage of the rapid growth of the forex market via an introducing broker relationship. The business does not have to be in the United States. In fact, there are many countries throughout the world where the demand for foreign exchange is huge.
To request more information, please fill out our Forex IB form.
Return to the Forex Introducing Broker section.
Find out how our Forex White Label program help you establish a brand as a broker in the forex industry.
If you want to discuss your potential IB business with us by phone, please call us at 305-600-4651 begin_of_the_skype_highlighting              305-600-4651      end_of_the_skype_highlighting.

Managed Forex IB Compensation

How introducing brokers get paid for managed account business
The diagram below shows how managed forex IB's get compensated for the managed account assets they raise.

When an IB convinces a customer to open a managed account, the customer first opens a regular forex account and the money manager is given limited power of attorney to trade the customer's account via a specialized money management and accounting software from the forex brokerage firm.
As a result, the managed IB's compensation consists of a percentage of the monthly profits obtained by the forex manager and a rebate or commission from the transactions that are generated in the client's account by the money manager.
If you or your company have access to wealthy investors, raising funds for a money manager as an IB can provide you with a substantial amount of cash flow.*
Whether your business is insurance, brokerage, or real estate - whether you run an investment advisory firm or have access to wealthy individuals, you can benefit immensely by offering forex managed accounts to your customers. Right now, many investors are looking for alternative investments that can offer attractive returns, and are not tied to stocks or real estate.
We can also help you open accounts in two special ways...

How can we help IB's increase their managed account closing rate?

We have two unique ways to help our introducing brokers increase the amount of forex managed account business they do.

1. Live Online Broadcasts with Professional Traders
   Your clients can listen to a professional money manager talk about the global markets and managed accounts via our online meetings. Clients who attend will feel a lot more at ease about the entire managed account program. It is almost like meeting the manager face to face; something that is unique to our program and truly an impressive experience for investors. As a result, IB's will be able to increase their managed account closing rate and the size of the accounts opened.
   
   
2. One-on-one Conference Calls or Meetings with the Manager
   If one of your clients is considering a sizable initial investment in a managed account, we can schedule a phone conference with your client and the manager no matter where in the world your client is located. If your client can travel to South Florida, we can schedule a personal meeting with your client and the manager in our corporate office. This will make it easier for you as an introducing broker to raise managed account assets.

Complete our forex IB registration form. It is the first step in the IB process.
Why clients don't pay more money when they go through an IB.
Introducing brokers are compensated by the brokerage or clearing firm (the company that opens the clients' accounts) they work with. Clients do not pay higher commissions or have higher spreads because they go through an introducing broker instead of going straight to the clearing firm. In fact, if a client allows the IB to "introduce" him to the clearing firm, the client can be eligible to receive special services that only the IB can offer; for example, free training.
How can the clearing firm compensate the IB without making the client pay for it? Good question. The clearing firm "SHARES" part of the spread with the introducing broker while giving the client access to the same tight spreads that are available to all other clients of the clearing firm. The clearing firm depends on introducing brokers for a major part of their business. Clients are not charged a commission. Both the clearing firm and the introducing broker only get compensated from the spreads that exist between the bid and ask prices for the given currency pairs [this is different than in the stock market, where customers must pay a commission to their brokers on every transaction, and also have to deal with the spread - Forex Day Trading gets compensated from the BID/ASK spread. IB's that also introduce managed account customers can also receive a portion of the money manager's profit fee. Click here to learn more about managed forex IB's.

IB Compensation Diagram (for retail or do-it-yourself traders)

Forex introducing broker retail business model


Forex IB Compensation Diagram for Managed Accounts

Forex introducing broker managed accounts business model

The above diagrams demonstrate how a forex IB is compensated. Notice that the managed forex IB's have an additional source of revenue from the money manager's profits (if any). Since the forex money manager's compensation is based on a percentage of the profits generated for the customer, he shares a portion of his "profit incentive fee" with the IB that introduces the customer to the money manager. For more information on getting compensated by introducing higher net worth customers to top-ranked forex money managers, go to the managed forex IB section.

Introducing Broker - Step-by-Step Guide

We specialize in helping businesses and individuals from all over the world become forex introducing brokers. We have put together this list of steps to show you EXACTLY what you need to do in order to get started as an IB.

1. Tell us about your business (click here to do so now) - This step is simple, but crucial. Before moving forward with the IB process, we need to know what type of business you are currently involved in and what your plans are after you become an introducing broker. We need this information in order to structure the best package for you.
2. Receive the IB paperwork via email
3. Email us your Introducing Broker paperwork - After you complete and sign your IB applications, you need to email them back to us.
   
4. Your paperwork is sent in for processing - After we receive your introducing broker paperwork, it is sent in for processing. This can take from one to three weeks.
5. You will receive an approval email - Your will receive an approval email when your paperwork is processed and you are added as an IB to the system.
6. Information about your forex IB website - If you will be promoting your business through your existing or new website (forex white label), you will receive instructions via email on how to do so.
7. Receive our training and support - Since we want you to succeed as an introducing broker, we will provide you with invaluable training and support on how to push your business forward. This includes, but is not limited to, education on how to train your customers and staff, marketing plan suggestions and analysis, and customer online meetings with professional forex managers to help you with potential high net worth clients.

Get the process started to become an introducing broker - complete our forex ib form and tell us more about you or your business.

Forex White Label Program

Establish your brand in the Forex Brokerage industry.
Our Forex White Label program is for individuals and institutions that want to establish a brand name and a presence in the forex industry. As a white label partner, you will be provided with a platform (MT4) with your brand or logo as well as content for your introducing broker website. You will also enjoy our award-winning technology, no dealing desk, full service back office support, and other administrative and support functions.

Ideal candidates for the forex white label program include:

• Financial services firms that want to move their forex trading operation online quickly and cost effectively or establish a new forex brokerage division; for example, banks, insurance companies, stock or futures brokerage firms, etc.
  
  
• Trading firms and/or online brokers that want to offer a greater range of products to their customers. By expanding into the fastest growing financial market around (foreign exchange), you will be providing your clients with a great value-added service while increasing the profitability of your firm.
  
  
• Companies offering forex tools and advisory services - This can be websites or newsletters that provide an analysis of the forex or futures market, advisory businesses, etc. that want to expand their web presence by offering online forex trading capabilities to their existing client base.

For more examples of organizations and individuals that might be good candidates for a successful Forex White Label business, click here.
Forex White Label Introducing Brokers will enjoy the most advanced forex trading software in the market: MetaTrader 4 (MT4). The web-based white label trading platform provides real time, streaming currency prices and lightning-fast STP (straight through processing) execution with no dealing desk, real time management of currency positions, robust risk management capabilities in addition to complete back office support and reporting features. Furthermore, the white label platform has an advanced charting package built directly into the software, along with other tools to help traders make trading decisions. Best of all, the forex trading white label platform for our IB's is very easy to use and offers ultimate flexibility in a familiar, Windows-based environment. This means that your customers can trade currencies from any computer, anywhere in the world, around the clock.

Why should you take advantage of our Forex White Label Trading Program?

1. No Up front cost - While most firms require a payment of $100,000 up front or millions of dollars in accounts to get started, our white label solution is free.
2. Take advantage of powerful, easy-to-use forex trading technology and 24-hour and Straight Through Processing (STP) at no risk to you.
3. Get started quickly! Become an introducing broker in a short period of time.
4. Establish a revenue stream with little or no up front cost.
5. Flexibility. You can customize your own fee structure and dealing spreads for your Forex IB business.
6. Online access to customer reporting.
7. Take advantage of automation technology to run existing automated trading systems or forex robots.
8. Receive all software upgrades and updates at no extra cost.

Like any forex company, our goal is to increase the trade volume of our operation. While you receive an attractive rebate as part of our IB package, as an introducing broker you are free to establish your own fee structure via additional commissions or widening of the dealing spreads. You determine what you want to charge your customers.
Numerous forex white label projects have been completed throughout the world, and we work closely with individuals and organizations globally through every stage of their Forex IB business (planning, launch, and beyond) to ensure a mutually successful, long-term relationship among our companies.

Available White Label Services

White Branding
For qualified firms or individuals, we can provide a powerful, industry standard forex trading platform (MetaTrader 4) branded with your company name and logo. This is a great way to establish a presence in the forex brokerage business. For introducing brokers that want to target the international market, there are multiple foreign language versions of the trading platform available. White label customers are also provided with a detailed website or content, online reporting, and other important services to make it easier for their forex businesses to succeed.
Back Office Support
Extensive back office support will be provided to make it easier for IB's to concentrated their time and effort in finding customers and increasing their business. These services include: account statements, pip and dollar commission reporting, volume reporting, etc.
In addition to the the services described above, customized solutions can also be created to meet the specific needs of our Forex Introducing Brokers that operate via our white label program.
I am interested in the Forex White Label Solution. What do I do now?
It's really quite simple. Fill out our Forex IB form by clicking here and provide us with some basic information before moving to the next step.
If you want to discuss your potential Forex White Label Introducing Brokerage business with us by phone, please call us at 305-600-4651 begin_of_the_skype_highlighting              305-600-4651      end_of_the_skype_highlighting.


How introducing brokers get paid for managed account business
The diagram below shows how managed forex IB's get compensated for the managed account assets they raise.

When an IB convinces a customer to open a managed account, the customer first opens a regular forex account and the money manager is given limited power of attorney to trade the customer's account via a specialized money management and accounting software from the forex brokerage firm.
As a result, the managed IB's compensation consists of a percentage of the monthly profits obtained by the forex manager and a rebate or commission from the transactions that are generated in the client's account by the money manager.
If you or your company have access to wealthy investors, raising funds for a money manager as an IB can provide you with a substantial amount of cash flow.*
Whether your business is insurance, brokerage, or real estate - whether you run an investment advisory firm or have access to wealthy individuals, you can benefit immensely by offering forex managed accounts to your customers. Right now, many investors are looking for alternative investments that can offer attractive returns, and are not tied to stocks or real estate.
We can also help you open accounts in two special ways...

How can we help IB's increase their managed account closing rate?

We have two unique ways to help our introducing brokers increase the amount of forex managed account business they do.

1. Live Online Broadcasts with Professional Traders
   Your clients can listen to a professional money manager talk about the global markets and managed accounts via our online meetings. Clients who attend will feel a lot more at ease about the entire managed account program. It is almost like meeting the manager face to face; something that is unique to our program and truly an impressive experience for investors. As a result, IB's will be able to increase their managed account closing rate and the size of the accounts opened.
   
   
2. One-on-one Conference Calls or Meetings with the Manager
   If one of your clients is considering a sizable initial investment in a managed account, we can schedule a phone conference with your client and the manager no matter where in the world your client is located. If your client can travel to South Florida, we can schedule a personal meeting with your client and the manager in our corporate office. This will make it easier for you as an introducing broker to raise managed account assets.

Forex White Label Program

Establish your brand in the Forex Brokerage industry.
Our Forex White Label program is for individuals and institutions that want to establish a brand name and a presence in the forex industry. As a white label partner, you will be provided with a platform (MT4) with your brand or logo as well as content for your introducing broker website. You will also enjoy our award-winning technology, no dealing desk, full service back office support, and other administrative and support functions.

Ideal candidates for the forex white label program include:

• Financial services firms that want to move their forex trading operation online quickly and cost effectively or establish a new forex brokerage division; for example, banks, insurance companies, stock or futures brokerage firms, etc.
  
  
• Trading firms and/or online brokers that want to offer a greater range of products to their customers. By expanding into the fastest growing financial market around (foreign exchange), you will be providing your clients with a great value-added service while increasing the profitability of your firm.
  
  
• Companies offering forex tools and advisory services - This can be websites or newsletters that provide an analysis of the forex or futures market, advisory businesses, etc. that want to expand their web presence by offering online forex trading capabilities to their existing client base.

For more examples of organizations and individuals that might be good candidates for a successful Forex White Label business, click here.
Forex White Label Introducing Brokers will enjoy the most advanced forex trading software in the market: MetaTrader 4 (MT4). The web-based white label trading platform provides real time, streaming currency prices and lightning-fast STP (straight through processing) execution with no dealing desk, real time management of currency positions, robust risk management capabilities in addition to complete back office support and reporting features. Furthermore, the white label platform has an advanced charting package built directly into the software, along with other tools to help traders make trading decisions. Best of all, the forex trading white label platform for our IB's is very easy to use and offers ultimate flexibility in a familiar, Windows-based environment. This means that your customers can trade currencies from any computer, anywhere in the world, around the clock.

Why should you take advantage of our Forex White Label Trading Program?

1. No Up front cost - While most firms require a payment of $100,000 up front or millions of dollars in accounts to get started, our white label solution is free.
2. Take advantage of powerful, easy-to-use forex trading technology and 24-hour and Straight Through Processing (STP) at no risk to you.
3. Get started quickly! Become an introducing broker in a short period of time.
4. Establish a revenue stream with little or no up front cost.
5. Flexibility. You can customize your own fee structure and dealing spreads for your Forex IB business.
6. Online access to customer reporting.
7. Take advantage of automation technology to run existing automated trading systems or forex robots.
8. Receive all software upgrades and updates at no extra cost.

Like any forex company, our goal is to increase the trade volume of our operation. While you receive an attractive rebate as part of our IB package, as an introducing broker you are free to establish your own fee structure via additional commissions or widening of the dealing spreads. You determine what you want to charge your customers.
Numerous forex white label projects have been completed throughout the world, and we work closely with individuals and organizations globally through every stage of their Forex IB business (planning, launch, and beyond) to ensure a mutually successful, long-term relationship among our companies.

Available White Label Services

White Branding
For qualified firms or individuals, we can provide a powerful, industry standard forex trading platform (MetaTrader 4) branded with your company name and logo. This is a great way to establish a presence in the forex brokerage business. For introducing brokers that want to target the international market, there are multiple foreign language versions of the trading platform available. White label customers are also provided with a detailed website or content, online reporting, and other important services to make it easier for their forex businesses to succeed.
Back Office Support
Extensive back office support will be provided to make it easier for IB's to concentrated their time and effort in finding customers and increasing their business. These services include: account statements, pip and dollar commission reporting, volume reporting, etc.
In addition to the the services described above, customized solutions can also be created to meet the specific needs of our Forex Introducing Brokers that operate via our white label program.

I am interested in the Forex White Label Solution. What do I do now?
It's really quite simple. Fill out our Forex IB form by clicking here and provide us with some basic information before moving to the next step.