May 20, 2011

Can Forex Trading Make You or Break You?

 by: Maria Agha


During these days of recession everybody is looking for ways of making money.

Some are looking for part time jobs to increase their income and others want to start some small business.

Not many people know that Forex Market offers opportunities to everybody. Forex Trading can Make you as well as Break you if you don't know how to trade.

To make money through Forex you need to first learn how its done. You can buy many forex Trading Courses on Ebay as well as online but it costs money and many of us are reluctant to part away with our hard earned money.

Luckily Dr. Zain Agha has written a 7 part Forex Trading Course and he has been giving it away for free to those who are really serious about entering the Forex World. You can get it for free from his website. Search on Google for Luckytips and you will find his website. Just fill in your name and email address and then you will receive an email asking you to activate your account. Once you click the link to activate your account, you become an Opt-in Member. You will be sent a 147 page ebook on Forex Trading plus you will receive one part daily of the 7 part Forex Trading Course for the next 7 days.

Now lets come to the crunch. Why I say Forex Trading can Make you or Break you. You must think seriously before entering the Forex World.

Here are the Pros and Cons For and Against Forex Trading.

Why should you Trade Forex.
This is the most Attractive Home Business.
What is so attractive about Forex Trading you may ask.
You can make big money working only a few hours a day on your computer.
You can trade from anywhere. If you like to travel, this is a Dream Business. Take your laptop with you and you can trade the FOREX and make money anywhere in the world where you have an internet connection.
You can make money when the market is going up or down.
Start-up costs are low. Forex offers up to 100:1 leverage.
No need for Staff. No Inventories. No Hassle.
Forex is the world’s largest market with a trading volume of around $1.9 trillion dollars a day.
The Money is Out There. All you need to grab it is to know How To.
and the How To, you need to learn a Method and stick to it.

How can Forex Trading Break you.

This is the main purpose of writing this article to warn the Naive people who think Forex is like a Garden with trees growing Currency notes instead of leaves and all we need to do is to pick some leaves/money everyday and become Millionaires within a few months.

This is what most Forex Gurus make you believe in. But in reality its not like that at all. Although Forex Market is a very lucrative Home Based Business but we as humans have emotions and it is very difficult for us to control our emotions. Because of our Emotions we lose money. 95% of the Traders lose their money. Forex Trading is so addictive that once you are in it, it will become very difficult to get out of it.

The Emotions that come into play are FEAR and GREED.

Here are some examples of what happens when you are in a trade.

You buy a Security, the price goes up, instead of taking the profit you think the market will go up further, it does go up a little and you tell yourself you are a Genius, you forecasted right, the market will still go up and it went up.

Now instead of taking the profit now, you become more Greedy and say to yourself, the market will go further up and you will make more money but the market starts retracing and going down, you say, no problem let it go down, its taking a breather, the market is correcting itself and it will come back up.

But the market continues going down, you dont know that some adverse news came up and the Market started falling. Now you start losing as the market keeps going down. it continues down and down, you panic and get out of the Market with a loss.

This is one way one loses money by being Greedy.

The second emotions we cannot control is FEAR.

Here is a Scenario.

I buy a Security thinking it will go up and even the system that I have tells me to buy. OK I buy, the market starts going down and down, I panic and exit with a loss, fearing of further loss, only to find that the market actually started going back up and had I stayed in the Market I would have made some good money.

But because of my Fear of losing, I in reality did lose

So the Emotions play a big part in once Success.

One more reason why most people lose.

There is a vast majority of traders who do realise that Emotions are the cause of our losses and they need Robots to trade for them as Robots are computer programmed softwares that do not use emotions.

And there are thousands of Robots in the Market. Every week we see at least 2 to 3 new Robots coming out and promising of making Vast sums of money for us. All we need to do is buy it for $97.00 and make Millions..

These Robots do make money initially for a few days or weeks and then comes a time when the market never retraces once we are losing and the losses keep increasing with time.

Most of the Robots do not have a Stop Loss built in and those that do, have stops of 1000 pips. That means if the trade goes against you, your account will either get wiped out or you will lose $10,000.00 in just one day.

This happened to me personally. During my early days of trading I purchased a Robot that was making me $200.00 about 3 to 5 times a day. I started trusting that Robot and stopped monitoring the trades. I went out one day to do some shopping and when I returned I noticed that I am losing more than $8000.00

And this was my Live Account with Real Money.

Since that day I never took Automatic trading seriously.

I did purchase a few Robots and put them to Test by Demo Trading and found that eventually one day it takes off you more than what it gave you.

Sorry Robots are not for me.

These are the pros a cons and now you have to decide, would you like to become a Forex Trader?

A word of Warning:

If you do decide to become a Forex Trader, first Demo Trade for at least 2 months with fictitious money and only then open a live account with real money that you can afford to lose. Never use the money that you have saved for your retirement or for any other purpose.

Wish you best of Luck,

Maria 



This article from : http://www.articlecity.com



About The Author
Maria Agha is a Full Time Forex Trader and Coach. She is also an Affiliate to many Currency Trading Systems Developers. Maria has helped more than 800 Currency Traders worldwide. Her web address is http://www.britrade.co.uk

How To Generate Income From The Forex Trading Program

 by: Charles McDuffie
If you wonder if you can generate mammoth wealth from Forex trading through investment trading practices, you might be in for a surprise. Most ideas skip teaching the right way to become directional traders! This implies you won't be able to learn the way to make the perfect guess about the direction in which the market will move. And this is the most significant step in Forex trading that has the possibility of turning the wheel of fortune in your favor.

Instead, the trading strategies provide endless access to training webinars and web based software. They'll tell you how to operate the program and put your trades in front of different brokers. You'll also learn how to establish your account where you can build your own portfolio.

Generating Income From Forex Trading Investment Strategies

In the real trading scenario, there are no graphs and charts to refer to, and no signal or research to follow. You buy and sell currency pairs that move in directions contrary to each other. The strategies inform you when to enter and when to leave your position. You don't even observe the night market, which is buzzing with activity, and wait for some trading opportunity to pass by. Once you make three fundamental decisions on the basis of your personal likes, the Forex trading program estimates the number of lots to purchase, accompanied with the subsequent buy and sell points for every currency pair you select for trading.

A Smart Way To Generate Income From Forex Trading

Buy low and sell high - this is what every smart Forex trader does. Most of the trading strategies use the capital you mean to invest, the volatility level that you find secure, and the currency pairs you pick to trade for rendering a preset price point for you to enter into your free brokerage account.

Once you open an account, it'll either buy or sell a specific number of currency pairs, whether you work or not. Now, since nobody is sure of market movement, the price points are set in such a manner that they buy low or sell high.

There are many applications that deliver the option of receiving a text message on your cell phone or e-mail, confirming the arrival of any of price points. Once this happens, you will need to update the plan with this most up-to-date development so that it prepares for a new buy and sell point for the next trade. Thus, by the effective use of a trading program, you can earn huge income from Forex trading. 



This article from : http://www.articlecity.com


About The Author
Charles McDuffie is an article author and entrepreneur for ASB Enterprises, a continuing educational and business development venture showing citizens how to generate business financial freedom in home-based businesses and affiliate programs. Check out his website at: http://www.legacyofwealth.com


New Press Organization


خبرة برامج كمبيوتر للمونتاج والافترايفيكت


Amity University - DUBAI

Career Opportunities: Faculty, Academicians & Scientists and Senior Administrative Staff with distinguished experience in various disciplines are invited to apply for the positions of Administrative Head, Academic Dean, Professors and Asstt. Professors.

Applications are also invited for Admission Officers and Counsellors.
Kindly email your resume and credentials to careers@amityuniversity.ae


Vice President - Trade Finance


• SAR 40,000 - 45,000 Per Month
• Ref: 917294

Our client has been established in the region for more than 30 years and has built a reputation of offering tailored wholesale and investment banking finance solutions This ‘A’ rated bank offers long term career growth whether in Saudi Arabia or the wider GCC.

You will manage an existing portfolio of industry specific clients (oil, gas & petrochemicals) providing a wide range of wholesale banking products including treasury, credit, investment, transactional and Islamic banking products.

As the face of the bank you will be expected to have an in-depth understanding of your client’s goals and be able to tailor solutions around these. As a key originator of business for other parts of the bank you will be act as an ‘introducer’ for product specialists in Trade Finance, Investment banking etc and increase the wallet share of your existing client base.


Branch Manager (UAE National)


• AED 30,000 Plus Benefits
• Ref: 916705

A leading financial organisation is seeking experienced Branch Managers for their branch network in Dubai. Reporting directly to the Regional Manager, this role will be responsible to plan and implement business development and marketing for the branch, with the main objective to significantly improve and attract new business.

The main duties and responsibilities cover four key areas which the role holder will need to have already extensive knowledge and experience in all, which are business development and planning, retail credit risk management, leadership and management of branch staff, branch operations and administration, so to ensure branch compliance and smooth running for customer satisfaction is always maintained.

The ideal candidate will be a UAE national who is a University graduate in the field of marketing, banking or finance with a minimum of seven to nine years of experience of banking operations and marketing.


Development Manager - Fund Raising


• AED 45,000 – 59,000 Per Month
• Ref: 917164

Our client is a leading organisation who is committed to being the leader in their very unique field. This world class institution is now seeking an experienced Development Manger to join their team.

The purpose of this role is to develop and implement a fund raising strategy for the organisation. Your main responsibilities include identifying potential individual and corporate donors as well as researching and assessing development opportunities for the company. You will be responsible for producing fund raising and development materials, and presentations as well as coordinating fund raising and development events. Working closely with other departments within the organisation, you will be assessing project opportunities and spearheading all of their fund raising activities.

Suitable candidates will have prior experience in fund raising and institutional development work. Local experience within the UAE is essential and you will have had previous experience in a similar development / fund raising role. Strong writing and editing skills are essential, as are strong presentation skills. You will be comfortable in dealing with business heads, VIPs and company executives as you will be leading fund raising events and meetings. Degree qualifications are essential and ideally you will have a MBA. Previous experience in a nonprofit organisation would be an advantage. Salary is commensurate with experience.

A leading English language training organization

 As the leading English language training organization in the region, we are passionate about providing the best training solutions with extraordinary customer service. That is why our people are the most important assets for us.

   VACANCIES:

  • English Instructor
  • Marketing Coordinator
  • Sales / Training Advisor
  • Customer Service Officer 

Join us! Be proud to be part of the multicultural and professional work environment.

RF Engineering services and Implementation



  • Araab United General Trading & Contracting Co. W.L.L. 


    We have career opportunities in RF Engineering services and Implementation. Our employees are supposed to carry out RF design, planning, surveys, LoS surveys, Drive Optimization for our GSM and WCDMA customer networks.
    Our selection process identifies and grooms fresh Graduate Telecommunication Engineers from Colleges and guides them with their career aspirations. Selected candidates will be trained and subsequently offered employment with our organization.
    We are looking for smart, energetic and sound telecommunication graduates with the right attitude to join and grow with us.
    Interested and experienced candidates may please send their resumes to: careers@araabunited.com

  • Employment Fair 3 June 2011

    The employment fair presents various job opportunities for different calibers and gives the opportunity to meet with corporate representatives of participating companies and explore available job vacancies. Participating company representatives will discuss career opportunities with you and provide you with relevant information about their organizations.

    Our Target is :
    To increase candidates chances of finding a job
    To support employers chances of finding calibers

    what you should do ?
    Prepare a well-written resume that has stating your career aspirations. It is recommended that you bring at least 15-20 resumes to the Employment Fair depending on the number of companies to which you are applying.
    Make sure to use a resume tracking list to note down the companies to which you have submitted your resume; this will contribute to an efficient follow-up process.


    Participating Companies:
    1 - El Sewedy Electric For Transmission & Distribution
    2 - Square Engineering Firm (Construction)
    3 - Zamil Steel
    4 - ESRI North East Africa (Geographic Information System)
    5 - Optima Shipping Services
    6 - Mo'men Group
    7 - Key Personnel services (Recruitment & translation)
    8 - The Logic Solution Company (Recruitment & HR Consulting)
    9 - Career4u Middle East (Recruitment & HR Consulting)
    10 - Vision Corp (Recruitment & HR Consulting)
    11- People Plus (Recruitment & HR Consulting)
    12- Yalla Work (NGO) Jobs & Training & Scholarships



    Time
    Friday, June 3 · 11:00am - 7:00pm

    Location
    Misr Public Library (Mubarak Library Previously) مكتبة مصر العامة
    4 El Tahawy st , From Mourad st., Close to Contractors Rowing Club , 4 شارع الطحاوى – شارع مراد – الجيزة
    Gîza, Egypt



    شركة وطنية


    وظائف وسيط المنصورة ودمياط









    معهد الإدارة العامة بالسعودية- متخصصين


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