October 5th, 2009

What is a Mangaged Forex Account?
 
A type of forex account in which a money manager trades the account on a client’s behalf for a fee. Managed forex accounts are similar to hiring an investment advisor to manage a traditional investment account of equities and bonds. Returns and fees between managed accounts can vary greatly; therefore, [...]

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September 28th, 2009

A computer program into which users enter information and the system utilizes pre-programmed logic to return output to the user.
 
The “black box” portion of the system contains formulas and calculations that the user does not see nor need to know to use the system. Black box systems are often used to determine optimal trading practices. [...]

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September 28th, 2009

A Forex Trading Robot is a piece of software that determines when trades should be entered, exited, and modified based on trading algorithms.
 
Some forex robots simply alert you when there is an entry signal, while others are more complete trading systems that automatically place the trades, modify them, and close trades without any human [...]

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September 28th, 2009

Trading forex as a day trader is one of the best businesses in the world, however most people don’t have the time or want to take the amount of risk that is needed to learn the ropes and become a successful trader. The Trade Machine is a way that you can take part in [...]

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September 28th, 2009

Greenwich Mean Time (GMT) is a term originally referring to mean solar time at the Royal Observatory in Greenwich, London. It is commonly used in practice to refer to Coordinated Universal Time (UTC).
 

What does this mean in the forex market?
GMT provides a standard of time for the world when trading the forex market. GMT [...]

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September 28th, 2009

New York and London: 8:00 am – 12:00 noon EST
Sydney and Tokyo: 7:00 pm – 2:00 am EST
London and Tokyo: 3:00 am – 4:00am EST
 
Trading when market sessions overlap provides higher volume and volatility.
 
For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for [...]

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September 25th, 2009

Forex or FX is short for the Foreign Exchange Currency Market – an over the counter (decentralized) market where all world currencies are traded.

 

Unique Features Of Forex
The forex market is the largest, most liquid market in the world with an average traded volume that exceeds $3.9 trillion per day and is open 24 hours a day except on weekends. Unlike other markets, the forex market allows for the use of high leverage. Because of these factors, the forex market is considered to be the market that is closest to being perfectly competitive.

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