Forex Virtuoso Review - Is This Forex Currency Trading System a Scam?

If you have read the Forex Virtuoso webpage, I am sure that you might be skeptical about the claims made by the system creator. He claims that he has been able to generate more than $800 on his best day, and this made me even more suspicious.

This Forex currency trading system seemed like it had many useful benefits like being mechanical and requiring very little time per day, so I eventually went ahead to try it. This article will describe some of the aspects of using this system and whether or not it would be suitable for you.

1. How Much Capital Do You Need To Start Using Forex Virtuoso?

Even though you can start trading the Forex markets with a small amount of money (depending on the broker you choose), it is highly preferable that you start with at least $500 and not over leverage your account. If you are not confident of using the system, you may want to paper trade or open a demo account to test the system first and see its profitability before using real money.

2. Can You Use Forex Virtuoso If You Have Zero Experience Trading The Forex?

You definitely can. It is almost equally easy for both experienced and new traders to use this system, since the steps are 100% mechanical and does not require any thinking on the trader's part. Within minutes after purchasing the system, I was able to understand how it works and started using it to profit on the same day.

3. What Are The PC Requirements You Need To Implement The Forex Virtuoso System?

You should ensure that you have a reliable internet connection and CPU processing speed fast enough to support whichever trading platform you choose to use. Other than that, you should find no problems implementing the Forex Virtuoso system.

Is the Forex Virtuoso system a scam? Visit http://www.top-review.org/forexvirtuoso.htm to learn more about this premium Forex trading system!

Reuters - Leaders of Southeast Asian nations have agreed to ease monetary policy and resist protectionism as they fight the financial crisis that is hurting their export-dependent economies, a draft statement showed.

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The Most Important Aspect of Day Trading Forex

What is the meaning of trade? Very simple trading means giving money or article in exchange of obtaining something. In other words purchasing something and paying the price of the article in cash or kind.

So, trading involves money and money is the most important thing in the present day life. Just as money is used to buy goods for daily use in the same way foreign currency is used to buy and sell foreign products or foreign money.

Quite confusing isn't it? No, don't worry. It is very simple. It means when any person wants to buy or sell any item from another country he has to pay in the currency of that country. In addition, he has to give the currency of his own country, and in exchange he will get the currency of the desired country. This is the system of foreign exchange which is called Forex for short. Trading forex can be both fun and extremely profitable.

What Does It Mean To Day Trade Forex?

Is the word day trade sounding familiar? Yes, as the word implies day trading means the amount of trade done in one day. The day traders start their business as soon as the market open and close their business with the closing of the market. They do not roll over the day's business to the next day.

In the same way there are traders in the Forex markets who are involved in day trading Forex. There are lots of risks involved when you day trade Forex. Mostly because the trader has to settle all his outstanding accounts before the close of the day. This may amount to heavy loss as the rates may fall by the time the day ends.

Most of the individual traders who are actively day trading Forex follow a proven system for success. Day trading forex is in fact simple when you have help. The help I'm referring to is called automation software. Automation software makes day trading and profiting from forex virtually guaranteed. To be a successful forex day trader, having the right forex automation software is absolutely essential.

The best system for day trading Forex I've found is Forex Tracer. Forex Tracer is automated Forex software that makes day trading forex simple.

Reuters - A judge on Monday ruled that former Merrill Lynch & Co Chief Executive John Thain is free to disclose the names of individuals who received bonuses awarded by the former investment bank before it was bought by Bank of America Corp .

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5 Tips For Dealing With The Trading Blues

Can't seem to pick a winner? Tired of the sideways market? The trading blues are quick to set in and ruin your future trades. Depending on the trading style, you may be more or less prone to the trading blues. Day trading and scalping are very quick, nerve-wracking professions and can be easily impacted by a series of losses.

However, there are five ways in which you can improve your trading environment, allowing you to overcome your trading blues.

1. Skill-Building Activities - Taking a look back to the basics of your trading plan blueprints can help you overcome the trading blues. Skill-building activities, such as drawing trendlines on short-term movements or analyzing candlestick patterns, can help you feel comfortable again with your own trading style. Go back through the step-by-step instructions of your trading plan and fine tune any possible variables in your trading plan - these activities will all help you avoid losses.

2. Trading Seminars - Listen to what others have to say about the markets, find what will work best for you, and incorporate the trading philosophy into a trading plan planner. Trading seminars allow a different perspective on the same market, letting you see the market from someone else's perspective.

3. Take Some Time Off - Take some time off from the computer and rest your mind. Day trading is very tiresome, both mentally and physically. A brief escape from the constant flux of the markets will give you some time to relax and rewind. Consistent profits are best achieved after a restful break from the drama of the market.

4. Establish an Emergency Fund - Even professional traders have their bad streaks. The key is to ride out each bad period for times of prosperity. Establishing an emergency fund for day to day expenses can take the worry out of living off your trading capital. The stress of knowing you have to deliver results to make money can be devastating to your trading accounts.

5. Have a Complete Trading Plan - A complete trading plan should take into account the worst of times. You should be prepared for anything, including steps for trading in bear markets and what to do in case of a large draw down. A complete trading plan should also include ways to re-up your brokerage account after large losses. A trading plan planner will help set up a plan for even the worst scenarios. Anything short of nuclear war should be included in a complete trading plan.

About the Author:

Leroy Rushing is an active, professional day trader; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide.

Reuters - Bears could have the upper hand again next week if Wall Street fails to get assurance that major banks can be rescued without being seized by the U.S. government.

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Trading Forex Using 1 Minute and 5 Minute Charts

Many forex traders attempt to trade using the very short term 1 minute and 5 minute charts, but most of these traders will inevitably end up losing money. So why is this, and why is short-term trading so difficult to make consistent profits from?

Well forex trading overall is quite difficult, but I've personally always found short-term trading using 1 minute and 5 minute charts to be even more difficult. The trouble you have is that you can have the best system in place that will find a perfect high probability trade for you, but then the pair may only move 5-10 points in your favour at most before reversing again.

So you can make a winning call a lot of the time, but because you're trading over such a short time frame, the movements will often be very small. You also have the spread to contend with because with a spread of 3 or 4 points on a lot of pairs, you need a decent sized move just to break even, let alone make a profit. Plus there's also the fact that a lot of forex brokers do not like scalpers and will often ban traders who do this.

If, however, you use a longer time frame you could use the very same system to trade the 1 hour or 4 hour charts, for example, to make a lot more points profit because the moves would be a lot bigger.

It's also of course a lot less stressful trading the longer time frames because you have more time to analyze the markets and plan your entries and exits. If you're trading lots of intraday positions it can be very stressful because you have very little time to think and react to situations. You also have instances of requotes and broker downtime which can destroy an intraday position, whereas these things won't have as big an impact if you are trading the longer term charts.

Of course there are traders who make money from very short-term trading, but they are few and far between. The majority will eventually be wiped out not matter how effective a particular trading system may initially appear.

In my opinion you're better off looking at 1 hour charts at the very least because the longer time frame you use for your charts, the more reliable your chosen technical indicators will prove to be in general. You can still be a profitable daytrader trading several times a day using 1 hour and 4 hour charts, and the moves will generally be a lot bigger as well, so there really is little point, in my opinion, in basing your main forex trading strategy on the 1 minute and 5 minute charts.

Click here to read James Woolley's review of ZuluTrade and to discover all the latest forex tips and strategies.

Reuters - President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday.

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Automated Forex Day Trading Systems

Various trading software used as forex dealings continue to surface and one of the best ways in acquiring substantial profits is through automatic forex day trading systems that entails the acquisition of takings given a shorter period of time. Dealing with this kind of business requires a trader to have considerable knowledge of how the forex trade works and what makes the automated forex day trading system effectual for trading.

This kind of system helps in moderating the possibilities of losing a big sum of money and provides you with ways of how it is done and how to triumph against possible threats. Instinctively, the automated forex day trading gives a trader the opportunity to gain takings in every way possible. This means that the transactions are incessantly flowing even a trader is asleep, at rest or at work. Aside from this, forex trading need not have mathematicians except if you will do the calculations manually. However, employing this kind of system will provide all the necessary evaluation and calculations of all your takings as well as the risks.

Since most traders utilizing this kind of system are novice traders and are on the process of learning the entire game, this can be used by almost all levels of expertise; software providers offer 24 hours customer support service where you will be given points on how to generate the whole process and later on manipulate the formula towards the winning system. This kind of software is designed and developed by various experts and specialists in the field of forex marketing. You are also given few analysis checks and trial tests in order to assess the market without having to shed money or break the bank. The automated forex day trading software doesn't require a monthly obligation and subscription fee. It will automatically generate forex trading signals even without having to pay for any monthly subscription. For professionals in the field with high capital can even trade in multiple currencies, with this software you will no longer have to endure going from one market place to another since all financial markets are positioned in one specific place making trading a lot easier to maneuver.

Versatility is what best describes an automated system which primarily permits different transactions from diverse fields. This gives a trader the opportunity to trade in unstable markets with various time zones. You can also supervise a lot of trading models as the system takes care of the handling of each model. This system also evaluates some of the data and you can utilize the evaluated data for your future assessment based on the movement of the foreign currency at the present time. As forex trading changes from time to time, it is but necessary to employ an automated forex trading system to trail where the market will go in the next minutes, hours and so on.

All these are few of the finest points that a trader should know in case opportunity present itself and are already up for grabs.

Take a look at a great automated trading system (expert advisor) here http://www.therobotrader.com

AFP - The White House on Wednesday defended the Treasury's plan to inject up to two trillion dollars into the economy to rescue the crippled US financial system, after a sharply negative reaction on stock markets.

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Currency Trading Expert Tips

I'm here to give you currency trading expert tips that should help become a better trader. This business isn't all that hard, you just need apply simple principles on a daily basis. When you start doing that, you'll start to have consistent profits.

• Your Profit Margin: It seems obvious, but most people really aren't concerned about profit margins. They more concerned about "winning" with a trade. I suppose winning shows that you are doing good, but unfortunately, you can be a profitable trader even if you make 2 trades that lose for every 1 trade that is profitable. It's all about the margins. You need to look at the risk, reward and how much your broker gets. If you have a really tiny margin, like 2% increase in the currency on a $500 trade. That's only $10 profit. You have to also take into consideration that your broker will probably take a 1% cute, meaning your real profit is only 1% or $5. You "won" this trade, but was it even worth the time and the risk? No! You need to have better margins. These margins are a waste of time, so you get more profit, less of that profit goes to your broker and you're actually getting paid for your time.

• The Morning News: This is about the easiest task a trader has. It requires no thinking, no analysis, just sit down in front of the television and watch the morning news. There is important news that comes out that you need to watch. Economic news, especially about the Federal Reserve, will greatly effect the direction of a currency. Pay attention to this.

• Automated Software: You're going to need an automated piece of software like Forex Killer for a few reasons. It allows you to automate trading. For me, I can't sit around the computer 24hrs a day, I have things that need to be done. But I can rest easy knowing that I have software that will automatically act on behalf making a profitable trade or preventing a huge loss. It also has the ability to look through currency data and determine if there are any profitable trends for me to exploit. It is an excellent tool to have.

For more information on the Forex Killer software, check out Forex Charting Software.

Reuters - General Motors Corp's product chief and Vice Chairman Bob Lutz will retire at the end of the year, bringing to a close a legendary automotive career that spanned 46 years and included top jobs at all three Detroit automakers.

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Day Trading Skills - Tips For Becoming A Skilled Trader

Despite the dire caveats by the Securities and Exchange Commission cautioning investors against the controversial yet potentially lucrative world of day trading, people attempt to try and attain day trading skills, and a day trading stock tip is literally worth it's weight in either gold, or dross! Below is some information on learning trading techniques, the risk involved, and tips for becoming a proficient trader.

Just what is day trading and how do individuals acquire day trading skill? Day trading is the system of rapidly buying and selling stock throughout the day in order profit from the marginal fluctuations in the market for that specific day. In the ideal world, day trading strategies permit investors to secure profits from the tiny increases in the market.

Day traders watch a specific set of indicators when determining whether a stock is suited for day trading. First, the stock should have high liquidity. This means that the stock in question has a large number of buyers and sellers. The liquidity allows day traders to rapidly acquire and then sell stock. Liquidity is determined by the volume of transactions on the market, the number of outstanding shares, the total number of shareholders and the number of market makers. Almost all stocks on the NYSE and NASDAQ have a high degree of liquidity.

A day trader also watches volume individually, in addition to using it as criteria for liquidity. To be eligible for day trading, a stock needs to trade at least 500,000 shares each day. Stocks with 500,000 trades a day or more enable the day trader to acquire or sell a large amount of stock without greatly altering the price of the stock. Volatility is another factor in evaluating a stock for day trading. The word refers to the actual or expected price movement of the stock. This movement is up or down over a period of time. Day traders study the pattern and volatility of stocks over an individual day. Stocks that change price many times over one trading day are ideal candidates for day trading. A fluctuation of at least $2.00 per day is recommended.

Finally, a day trader evaluates the price transparency of stock. This term refers to the ability to gather information on the order flow of a stock. Also called market depth, price transparency helps the day trader calculate just how much money there is to be made on a certain stock. The NASDAQ II quote system offers data on all bids. Day traders who are able to access the NASDAQ level II quote screens can evaluate the performance of a stock and watch its swing in price.

While these trading practices are entirely legal and entirely ethical, they are highly risky. Day traders generally buy on borrowed money with the hope that they will realize higher profits through their acquisitions and sales. People who are determined to be "pattern day traders" by the NASDAQ and NYSE must have at least $25,000 in their accounts and can only trade in margin accounts. Margin accounts are brokerage accounts in which the broker lends the investor cash to purchase securities. If the value of the stock drops a great deal, the investor is required to deposit more cash to cover the margin or sell the stock. The SEC warns against day trading and acting on a day trading stock tip, and has taken many steps to inform people of the corresponding risks.

The first few months, a huge majority of day traders suffer tremendous financial losses and only a few make it through to become profit-making day traders. For this reason, day traders should only invest funds that they can afford to lose. They should never invest money set aside for necessities like living expenses or second mortgages.

Keep in mind that day traders do not own stocks for longer than a few minutes at most. Stocks are never kept overnight because of extreme dangers of prices changing to the detriment of the trader. Day traders do not invest, instead, they speculate on the movement in price of a stock throughout the day.

There are lots of websites whose sole purpose is to profit off those who are trying to find a day trading stock tip. These websites assure rapid results and offer hot tips to their members for a fee. The sources are most often paid to make these recommendations and are best avoided. Seek the advice of a proven professional, and take plenty of time to learn trading strategies for longer term success. Remember, there is no free money, and day trading skill is often paid for with enormous stress and cataclysmic losses.

For a wealth of free info on understanding stock trading, check out the articles at Stock Trading Information Resource, or make sure to read The Wall Street Journal - my #1 pick for stock information. Ron King is a web developer; visit his website Authoring Articles.

Copyright 2008 Ron King. This article may be reprinted if the resource box is left intact and the links live.

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Learn Currency Trading - Can You Do it Yes But Only If You Do This Will You Win!

If you want to learn currency trading you can anyone can but the fact is they fail due to believing myths and getting the wrong forex education and underestimating the mindset you need to win. Here we will cover both and if you follow the steps they will lead you to currency trading success...

The first point is you are going to have to make yourself money no one else can do it for you so ignore:

- Forex robots with simulated track records - they have never been traded and will destroy your equity

- Day trading and scalping and other forex signals services again there simulated

- Any guru or mentor who guarantees you success with no effort

- Anyone who tells you can predict forex prices in advance

You get nothing in life without effort and forex trading is the same, only a small minority win and they work for it.

Sure the rewards are immense but you have to work smart now, you need the right education so keep these points in mind.

- Simple systems work best as they are more robust and easy to understand

- Concentrate on constructing a simple system you understand

- Use breakout methodology as a cornerstone of your forex trading strategy

- Trade longer term and ignore the market noise

- Work smart not hard you don't get rewarded for hard work just being right

- Don't try and be to clever it wont help you - forex trading is simple

- Spend time on your money management - this is the cornerstone of a successful trading system

Now you're getting there now the hard part and it's what separates out the pro from the novice.

The pro knows that he has a trading system and he must execute it with rigorous discipline to be successful - if you don't have the discipline to apply your forex trading system, you may as well not have one!

Discipline is hard but if you have don't the basics you can execute your system with discipline and stick with it through losing periods to ultimate trading success.

Discipline is based on knowledge and confidence in what you are doing that's why forex trading is a personal experience and success cannot be given by someone else - your on your own, but that's a good place to be!

Forget all the rubbish you read about trading with 90% accuracy and earning 50 pips a day its not true - even the best traders face many weeks in losing periods and you will to but if you are keeping your losses small and then running your profits, when you hit them you can make huge profits.

If you want to learn currency trading keep the above points firmly in mind when putting your forex strategy together and executing it.

If you do you will be rewarded for your efforts you will be able to enjoy currency trading success and get on the road to financial freedom.

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Forex Trading Information And Tips

I'm going to share with you some of my forex trading information and tips. This is a great market to expand on a second income. With the economy in a downturn, lack of jobs and the expensive price tag on gas, it makes sense to work from home trading forex.

What is margin trading and how does it benefit me?

This is an interest concept of forex trading. One which makes it exciting for small traders that don't have a lot of money. A typical broker account will allow you to deposit your money and you trade that money. This is different. You put a deposit on your account and your broker allows you to trade anywhere from 10 up to 100 times more than your original deposit. It's not free money though.

If you deposit $100, you could trade up to $10,000. Now you have the capability of really making some money because you have more money to leverage. This also makes the broker more money because you're making more money. That's the positive side of this. The negative side is losses. The broker won't let you lose their money. If your losses get anywhere close to the original deposit, they'll cut you off. The best way to avoid this is to not trade all the money. Instead of using all $10,000 use $1-2k. That's a lot more money than you deposited, but it also protects you from losing your original $100 very fast.

What is the best trading software on the market?

I recommend Forex Killer. It has all the makings of an employee rolled into a software package. We've all experienced being in a trade and having to leave the computer for a significant amount of time. During this time anything could happen: you could miss out on an opportunity to make a good profit or lose out on a lot of money. Forex Killer will automate the trading process, so it will act in the most profitable way while you're gone. It may not have to even do a trade, but it will be watching to make sure the most profitable act is done.

The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

AP - Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and buy mortgage-backed securities in the tight credit markets in the coming months.

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