The Forex Trading Checklist

Before one embarks on trading Forex there are several things that the does Forex trader needs to decide on. Trading the worlds largest market can be a very challenging endeavor and one should be very careful to know what they are getting into. One should carefully take into consideration the following before trading forex.

The first question you would need to ask is what currency pairs am I going to trade? Most brokers now offer an over 30 currency pairs. These different pairs trade very differently so the Forex trader should be very familiar with each currency pair they trade. One particular currency pair may be more sensitive to interest-rate movements then others. Another pair might be more sensitive to a global news event .This among other factors would be some of the criteria that would be used in deciding which pairs of Forex trader would trade.
Having news and knowing the economic calendar is very important for the Forex trader.

The next item that a Forex trader will need to determine is deciding on which Forex trading platform am I going to use? It is very important that the Forex trader be familiar with how each platform they use works. One of the more popular Forex trading platforms among Forex brokers and traders alike is MetaTrader 4. MetaTrader 4 has established itself as the most popular forex trading platform in the world. MetaTrader 4 is also known as a platform with many features. Becoming familiar with all of the features within a Forex trading platform is essential to Forex trading success.

The final item on the Forex trading checklist would be the selection of a Forex broker. There are several criteria that should be taken into consideration when making the choice of a Forex broker. First of all finding a broker that is regulated and located in one of the main regulated jurisdictions like (US, UK, Australia) is one of the first thing to consider. The type of trade execution that the broker offers is also important. Using a Forex broker that has a non-dealing desk trade execution operation would be beneficial.

Forex Trading – Definitely Not Worth a Gamble

Trading in the forex market takes a lot of work, focus, and concentration. Anyone who trades in the forex market without some form of analysis or a trading plan for that matter, is not really trading. More fittingly, the trader who simply goes in and out of trades without thinking is just gambling. Making money in forex trading is definitely worth more than a gamble. The amount of effort you exert in learning about how to trade and when to trade, and reading the market indicators before you get in and out of trades will be well worth it when you start raking in pips from your trades.

Carefully managing your investment is the wisest move you can make towards a long-term forex trading business. A good forex business is not only about making your pips. What good are your profits if you are not going to be able to keep it or make it grow some more? Longevity in forex trading lies in being able to make pips, keep pips, and repeat the process. Taking care of the pips that you have made and infusing additional investment when great opportunities are seen will make for a profitable forex trading business.

The business of forex is just like any other business. Sound money management practices are necessary to keep you in business. The advantage of trading in the forex market over other businesses is that it allows you to earn more profits at shorter periods. Management of your investments and profits will guarantee that you will be in business for a long time.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit

Black Dog Trading Trading Forex The Easy Way

If you trade the currency markets or are looking at ways to make passive income from home on a daily basis, then Black Dog trading will help you. So what exactly is it? Well there is a thorough guide and review below, but for now here are the basics.

Black Dog Systems – the Forex system is actually made up of three systems. These are all profitable in their own right and you decide whether you use one of them, two, or all three. It is recommended to start with the first as this will ensure you know how the second two operate.

Currency Market – The systems are designed to be used in the Forex currency market, however they can be used for other markets like stocks or the DOW index.

Ease of use – The black dog systems are designed to be easy to use. A simple signal pops up on the charts in the form of an arrow and audio sound through your computer. You then need to check a simple procedure to see if you should enter the trade or not.

Profit – These systems are unbelievably profitable. There are live test results on the link below and can help any person increase their earnings.

Community – Unlike other Fx systems, the black dog community is there to help with any questions and everyone is really thought with support once you are a member. Skype, email and the forum are just the beginning.

If you want to know more about Black Dog trading simply click here now where you can see the weekly profit, testimonials as well as a review and actual user feedback of the Forex systems.