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Forex Trading Strategies

Tuesday, March 3rd, 2009 at 12:37 pm  
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Forex trading strategy on autopilot here:

 

The strategy of forex trading

Basic wisdom of market timing

Once you’ve identified a trading opportunity, the next step is to decide EXACTLY when to buy – and this is where many traders go wrong.

Here we explain how to incorporate better market timing into your FOREX strategy – so that you can make bigger profits.

Most traders time their entry levels incorrectly, so here’s the right way to do it:

Using Support and Resistance Correctly

A basic wisdom of market timing is "buy low, sell high" – well, the reality is, if you try this in FOREX trading, you’ll end up losing money. First, let’s define what support and resistance means

A support level is a historical price that traders come in, and buy to "support the market" – and the more times it’s tested, the more valid the support will be.

Conversely, a resistance level is a level on the charts that "resisted prices from moving higher"- again the more times it’s tested, the more significant it becomes.

Why Buy Low and Sell High doesn’t Work

"Buy low, sell high" is accepted wisdom by the majority of traders – but this logic is fundamentally flawed – use it in FOREX trading, and you’re asking for trouble. Why? – If you wait for a pullback, you’re going to miss some of the biggest moves.

Think about it – what if a currency starts to trend and doesn’t pullback? (How often have you seen this?) If you’re waiting for a pullback that never comes, you’ll never get in on the trade – and you’ll miss a major opportunity.

You Need to Feel Uncomfortable

When Trading in the FOREX market, you should usually feel uncomfortable (and that’s why most traders don’t make these trades) – as no one likes to buy or sell after the market has started trending – but doing this will make you money.

The fact is, the more comfortable you feel when entering a trade at support, the less likely the trade will be a big winner.

During any given year, most of the big moves in currencies, take place from new MARKET HIGHS with NO pullback.

If you base your FOREX Trading strategy around waiting for a warm comfy entry, at key support, you’re going to miss the biggest and most profitable trades – so step away from the losing majority of traders.

Your FOREX trading strategy should give you a different mindset – most traders "buy low and sell high" – so you should "buy high and sell higher" – i.e. you should be doing the opposite of what the crowd are doing.

Don’t worry – most traders lose money, and their FOREX Trading strategy is based on the flawed logic we have just discussed – so not doing what they do makes total sense. Therefore, look for breakouts through support and resistance – and sell and buy respectively.

Its Tough Mentally – But it Makes Money!

Sure, it’s hard to do – the majority don’t agree with you – and no one likes to go against the majority. However, it’s the right thing to do, to make your FOREX trading successful. Think about what we’ve just said, and you’ll see it makes logical sense.

Has this Happened to You?

How many times do traders buy into support, and the market breaks support, stops them out and continues to decline. On the other hand, another common scenario is, price never get to support – it simply goes higher – and the trader misses the chance to get in on the trend.

This type of trading is tough mentally – that’s why 90% of traders don’t do it – they want to be comfortable – well being comfortable is great, but you’ll lose money.

Breakouts work, and if you use them in your FOREX Trading strategy, you won’t be comfortable on entry – but you’ll make money – and that will more than compensate.

The way to succeed in FOREX trading is to do what the losing majority don’t do – then you can join the elite 10% of traders who make the big profits – try it and see!

By sacha tarkovsky

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I’m going to be honest with you from the outset and start with some blunt talk. The losers of life use disbelief as an excuse for lack of spirit.

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Day Trading Forex

Tuesday, March 3rd, 2009 at 12:36 pm  
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Moving into Forex day trading

The forex market is open 24 hours a day

Move into Forex trading and earn money  

Moving into day trading Forex can offer much more opportunities to create wealth compared to trading stocks and shares. The following article will explain the six different reasons it is worthwhile to switch to day trading forex.

Since advances in technology, anybody with an internet connection can take part in trading foreign exchange on the Forex market. The following are some reasons why a day trader trading in the stock market would benefit by switching into Forex day trading.

The forex market is open 24 hours a day, 5 days a week unlike the stock market and commodity markets who have set trading hours of only eight hours a day. The longer hours gives a trader more chances to trade in the market. In addition to that, traders can trade any time which is convenient to them through an online account.

Forex day trading testimonial

The forex market has lower trading costs as well. It has no commissions paid to brokers, low transaction fees and no exchange fees. In comparison, the stock market and the commodities markets incur fees and commissions which have to be paid to the traders, dealers and brokers. This leaves lesser profits for the day trader at the end of the day.

Day traders must always be aware of their capital in hand and how liquid they are so they can act instantly when they see opportunities. Non-liquid buyers will always have cash flow problems and will be too late to act on opportunities. Forex investors or traders looking to act instantly on trades can do so due to the high-liquidity of the Forex market. You are after all playing currencies and nothing is as liquid as currency. It is easy for investors and trader to enter and exit trades without any sort of delay. Timing is very important for day traders as most securities are volatile and a small change in price can result in big gains or losses. This is one of the most attractive features of Forex day trading.

A day trader that is participating in the forex market has the ability to earn income through referrals. The trader can have arrangements created with Forex brokers so that they can earn referral commissions by introducing other people to their Forex broker. Even though this is extra activity, it still gives day traders an extra source of income by getting them to refer their friends to join.

The stock market is open to outside manipulation by companies or stock brokers. However, manipulating the forex market is near impossible to do so. Even if the central back were to intervene, it would be short-lived.

Another advantage of switching to the forex market is that there is more leverage. For example, $100,000 US dollars can be bought for around $10,000 leverage when bought through margins. This allows for higher returns, but with less risk.

The features mentioned above make participating in the forex market an appealing source for potential traders choosing to trade as a full time job. The global foreign exchange market trades in excess of a trillion dollars a day. Due to the massive market size, it shows there is considerable money to be made through the forex market


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Forex Currency Trading

On the forex market everything happens very fast because the entire mechanism is electronic. Many people join the market each day and that´s why you´ll always find someone willing to trade. Also, leverage is another important attribute ..

Forex Trading: Make Money With Global Forex Trading

While this makes forex trading riskier, it also greatly increases your profit potential. The Global forex market is the largest in the world. It is estimated that over $1 trillion dollars in trades takes place every day. …

Day Trading

How to Day Trade Using an Automated Trading Order. This article will show you how to use an automated trading order to decrease errors in your trading. Everybody who trades regularly should use these to maximize their profits and ..

 

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World of Forex

Friday, February 27th, 2009 at 2:43 pm  
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Forex Tips in a complex market

Investing in the foreign currency exchange market

Forex is a complex market, and it’s important that you learn the facts before taking a large risk investing in the foreign currency exchange market.

The right Tip on Forex: Go here:  

Forex Tips and Guidelines

Forex is a huge market to participate in, yet, joining in Forex is a make or break thing. Apparently, because only 5% off the total market participants’ population make money and the rest of the 95% is doubtful. So before joining in the jammed world of foreign exchange, here are forex tips you should consider so you’ll be one of those which make up the 5% of the statistic.

  • In the world of forex, it is critical to know first both sides of the trade. Having knowledge on how currencies behave not just singularly, but you should consider the impact present between two currencies, instead of just one.
  • Before starting out to join in forex, you should first know the basics of this market. Doing so helps you make the most out of your investment and not just waste it.
  • You have to know the difference between trading your own money yourself or letting a broker trade it for you. Seek advice from a lot of professional sources to avoid losing huge amount of investment.
  • To earn money over at forex market, you need to have a specific and good strategy. Your strategy should consist of what kind of approach you are going to take, the type of currencies you are going to trade, and how you are going to manage your risks.
  • If you made a trade and it is not working anymore the way you expect it to work out, get out. Do not make things any worse by staying in a failing trade and trying to make a way to make it work.
  • Stress is a natural part of all the trading process. So if ever you encounter, which I think, you will along the way, do not quit.
  • Make your trading simple and uncomplicated. Do not do thorough and concise analysis all day and do research for the economical and historical trends.
  • Confidence should always spring off from you no matter what results your trading gives you.
  • Another forex tip is that you should never trade too short term. If you aim for at least just 20 points of profit, never undertake your trade. If you do otherwise, the trade will create odds against your plans far too high.

Forex is a complex market and therefore should be take with high regards and consideration. Following these helpful forex tips would help you get along the complicated way.

By Joe Hayes
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Forex world trading

Wednesday, February 18th, 2009 at 5:31 pm  
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Forex Trading

The Forex World Trade Market, Largest Market on Earth

Markets are going up an down, but since the latest so-called world recession, the financial institutions has lost a lot value worldwide and it seems the end is not yet. All markets in the world has lost billions of dollars, the stock market, the curreny trading in all countries has devaluated and interest rates went down, almost to zero for bankers. The Central Bank of Europe lowered today the interest-rate for financial institutions to one and half %, trying to get the flow back in the markets.

 Profit from both rising and falling markets here:

Previously relegated to large corporations and the affluent until the proliferation of the internet and online discount currency brokers, currency trading is coming into its own. Read on to learn more.

It is crucial to be aware of specific issues happening in the world, particularly if they have the potential to offer benefits, such as Forex trading. Essentially, the Forex market is a non-stop cash market where currencies of various nations are traded. It is somewhat similar to a stock market, with Forex trading these foreign currencies are continually being bought and sold throughout both local and global markets.

There are numerous rewards that are extended to private and potential investors within Forex trading, including a giant liquid market making it simple to trade the majority of currencies, volatile markets offering numerous profit opportunities, the capability to profit from both rising and falling markets, and leveraged trading with low margin requirements.

The Details

When it comes to Forex trading, one of the most significant things to bear in mind is what the basic investor’s goal is here. Simply speaking, the goal is to make a profit from movements in foreign currency. When trading currencies it is crucial that an investor only make trades when they have an expectation the currency that they are purchasing to increase in value relative to the currency that they will be selling, otherwise there no gain will result.

The exchange rates are continually fluctuating in Forex trading and it is important for all investors to remain on top of these types of changes and be mindful of them. There are numerous resources that are available to help in this regard, both on the internet as well as off, and any of these will really work well provided that they are continually being updated and not just once a day.

 
Forex Currency Trading  -  video below

The Differences

There are numerous important differences when comparing Forex trading and other stock market trading. Firstly, unlike the trading of basic stocks, futures or options, this kind of currency trading does not happen on a regulated exchange. It is not regulated by any governing body and so there is a great deal more freedom with this specific kind of trading.

Forex is the biggest financial market throughout the world and the retail Forex market is strictly a speculative market and investors need to be mindful of this. There are no physical exchanges of currencies actually ever taking place, but instead all trades that are placed here exist merely as entries in a computer and are then netted out dependant upon the market price.

Forex is decidedly a market worth looking into, though it is crucial that any possible investor first be trained and aware on what it necessitates and what is expected of them here. Otherwise significant loss will in all likelihood result.

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Fund Fraud

Tuesday, January 20th, 2009 at 3:36 pm  
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Hedge Fund fraud

Prime Broker ordered to pay huge settlement…

It was announced recently that a Federal Bankruptcy court judge ordered Bear Stearns, one of America’s top tier trading firms to pay $160 million to investors who lost money with a hedge fund that cleared through Bear Stearns. While doing stock research on publicly traded brokerage corporations, we came across the settlement. This spurred us on to thinking, what does this mean for the everyday investor, and what does it mean for stock research in general. Here’s the real story.

Hedge Fund’s Asset Base SKYROCKETS

Hedge funds have become a significant force in the investment world. At the beginning of the 1990′s, hedge funds controlled less than $40 billion in assets, less than Warren Buffett’s personal investment portfolio. Today there are more than 9000 hedge funds controlling in excess of $1.1 trillion dollars of assets.

Hedge funds also use leverage, averaging some six times their asset base. This means the industry today controls investments of about $7 trillion dollars. These investments are on both the long and short side. The mutual fund industry can only go long, and never on margin, which means no leverage.

Now leverage is a two-edge sword. When things are going your way, it creates excessive returns or alpha. When trades go against you however, it can wipe out your investment in lightning like fashion. The hedge fund borrows money on its asset base from prime brokers, and other lending institutions. The lender always charges a fee, and the fees are big. For the brokerage firms involved, these fees may make up the vast bulk of their bottom line depending upon the firm involved.

Hedge funds must clear through clearing firms that are referred to as prime brokers. The prime broker sees every trade the hedge fund does, unless the hedge fund employs multiple prime brokers. Now lets say, the hedge fund lays on a massive trade using margin borrowed from the prime broker, and the trade goes against you, meaning paper losses are sustained. What happens next?

The hedge fund has to make a decision as to whether to close out the trade or not. Some funds believing that the momentum will turn, will double down, or increase the investment. The success of this transaction lies in whether or not the momentum is in fact changing at the time of the double down. If not, than the second investment will be under water as well.

Now a prime broker will never allow a hedge fund’s trades in total to be under water. This would mean that the hedge fund has gone negative equity, and the prime broker would be at risk. The prime broker never wants to be at risk, nor will it allow itself to be.

Enter the Manhattan Investment Fund

What happened with the fraud we mentioned in the title of this article is that a hedge fund called the Manhattan Investment Fund clearing through Bear Stearns lost nearly $400 million of their assets. These assets belonged to rich investors, and the fund’s managers made the wrong bets on Internet stocks in the late 1990′s. Apparently Manhattan Investment Fund sought to cover up or delay the inevitable consequences of its trading activities by issuing FALSE reports to its investors.

This led to the creation of an inflated track record, which allowed the hedge fund to bring in even more money, which in turn allowed them to pay off early investors with money from new investors. In other words a classic Ponzi scheme began.

Bear Stearns probably caught onto the scheme when one of its managing directors met an investor in the Manhattan Investment Fund at a party, and the investor talked about how his reports from the hedge fund showed a 20% return. The managing director understood from internal knowledge at the firm that the actual trades going through Bear Stearns were in conflict with what the investor was reporting.

Bear Stearns did follow up with the hedge fund’s manager Michael Berger who is now a fugitive at large. Berger got out of the problem by telling Bear Stearns that Bear Stearns was one of only 8 or 9 prime brokers that the hedge fund was doing business with. In other words, we’re losing money with you as a prime broker, but not with the other prime brokers we deal with. It’s a great story, and even makes sense, but apparently Bear Stearns did not check out the story by calling the other prime brokers to see if it was true that the hedge fund was doing business with them as well.

Somebody at Bear Stearns figured something was amiss because months later, Bear asked the hedge fund to put up additional margin or cash in order to raise the margin requirement to 50% from 35%. The fund sent over another $141 million as margin payments. When the fund went out of business subsequently, Bear Stearns was secure, and did not suffer a loss.

Judge orders Bear Stearns to PAY

The bankruptcy judge controlling this case has ordered Bear Stearns to pay $160 million to the investors in the hedge fund. The judge’s ruling stated that Bear Stearns as prime broker, failed to properly supervise the fund’s activities prior to the 2000 collapse of the Manhattan Investment Fund.

This ruling is going to be appealed because to allow it to stand would create much greater risk for the prime brokerage industry than the industry feels it is being properly paid to manage. Bear Stearns only made $2.4 million in profits from the hedge fund’s activities, and now it is faced with a $160 million judgment.

What you the Investor need to know – Diversification?

If you are an investor in hedge funds, what you need to know is that any hedge fund can go belly up. That’s right, any of them. You cannot outthink someone who while running a hedge fund, is trying t.o defraud you The only answer is DIVERSIFICATION in your personal investment structure. You must own an assortment of hedge funds if that is your investment vehicle choice, and not just one. Your funds should also use different investment strategies, and not just be equities long, or domestic, or any other classification.

Since you are searching for the elusive alpha (outsize returns), it your responsibility as an investor to be aware that fraud exists. Even just plain bad investment strategies can result in the loss of all your capital since these funds are using 6 to 1 leverage in the attempt to create performance.

You might also want to consider a FUND OF FUNDS vehicle. This is when you invest your money with a fund manager who makes no direct investments himself, but instead selects other hedge funds for you to be invested in. This involves a double layering of fees. If the returns are there for you year after year, than it doesn’t matter, but be careful, fraud does exist, and so do poor investment managers.

Goodbye and Good Luck
http://www.stocksatbottom.com/ez.html

By Richard Stoyeck

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Stock Investing……..

Tuesday, January 20th, 2009 at 3:36 pm  
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Click here to start trading

STOCK INVESTING

Bull and Bear Stearns  INSIDER TRADING Scandal

Insider stock trading at UBS, Bear Stearns, Bank of America, Mongan Stanley and its consequences…

In the biggest Insider Trader scandal in two decades, members of four prominent firms were implicated in the developing scandal. The firms included Bank of America (BAC.N), Morgan Stanley (MS.N), UBS (UBS.N), and Bear Stearns (BSC.N). To begin with, a little history is in order. Insider trading in this country is illegal; this is not the case in certain other countries. In some countries principally England, such trading is legal. Prior to the inauguration of Franklin Delano Roosevelt as President of the United States in 1933, insider trading was legal in this country also.

In order to restore financial confidence in the American economic system after the massive impact of the Depression hit the country in the late 1920′s, the newly elected President Roosevelt mandated the creation of the Securities Exchange Commission, part of the Commission’s duties were now to reign in, and put an end to insider trading. Who did FDR appoint as the first SEC Commissioner – Joseph Kennedy? Old Joe Kennedy was one of the notorious insider traders that took advantage of any and all information that came his way.

New Trading Scandal on Wall Street       video below

In the same league as Jesse Livermore, Jacob Fisk, and Bernard Baruch, Joe Kennedy knew where the bones were buried. He quickly moved to create a series of laws, rules, and regulations that would outlaw the very practices that in past decades had enabled him, Kennedy to become one of the four wealthiest individuals in America. The practice of lawful insider trading had come to an end legally. To show you how effective these policies have been, whenever a real case of such trading comes to public light, it makes nationwide headlines. This is because of the relative rarity of such scandalous behavior being brought to public light.

During the 1980′s, the biggest insider trading scandal which became public knowledge was Ivan Boesky, probably the premiere arbitrage player of his generation when he was accused of insider trading. Boesky was caught via tape recordings taking advantage of such information. His primary source was Dennis Levine, an affable investment banker working for Drexel Burnham Lambert; a now defunct banking firm whose primary asset was Michael Milken’s junk bond capital raising unit.

The Latest Scandal

It looks like this current scandal followed two separate tracks occurring simultaneously. The profits generated amounted to $15 million dollars over a period of five years. Insiders were used at Morgan Stanley and UBS Securities. These individuals including Mitchel Guttenberg, who as an institutional client manager at UBS would be aware of research upgrades and downgrades taking place on a daily basis. He was given hundreds of thousands of dollars for his knowledge of non-public information. The men purchasing the information were David Tavdy, and Erik Franklin. Using the non-public information available to them, they were each able to amass $4 million in trading profits.

In a separate scheme running a parallel track, Randi Collotta a lawyer, was an employee of Morgan Stanley in their compliance department. Her husband Christopher Collotta was an attorney in private practice. Randi would come up with information on mergers and acquisitions that Morgan Stanley was involved with, and pass the tips to her husband Christopher. The husband would then sell the information on Wall Street for money that amounted to hundreds of thousands of dollars.

During the course of the schemes, information was sold to Erick Franklin who was a Bear Stearns Hedge Fund client. People like Franklin are use to doing 50 to 100 different trades per day, each day. Such individuals are able to bury their results in the sheer mass of trading that is done on a daily basis.

Although caught, the conspirators were sophisticated enough to use facilities outside the immediate firms that they each worked for. Meetings were held in the famous Oyster Bar in Grand Central Station. Disposable cell phones were utilized. Secret Codes were invented. Text messages on cell phones were employed. E-mail was OUT. Telephone calls with HOT TIPS were OUT. Nobody exchanged checks. CASH was the rule of the day, every day.

As of today, 13 people have been arrested with 11 of them facing SEC charges. Three Hedge funds have been charged with criminal behavior. Four of the 13 arrested have already pleaded guilty. The hedge funds are tough group to supervise because they don’t have the degree of compliance that is present in a brokerage firm. They are also probably much harder to detect as to insider trading involvement. It will not be a surprise if many more people are arrested and charged, than the group currently mentioned.

The demand for performance among hedge funds where a tenth of a percentage point in performance can mean the difference of millions of dollars of additional compensation is already well known. Depending upon performance, hedge funds live and die by performance. There are 9000 basically unregulated hedge funds in operation today, managing $1.4 trillion dollars, plus 6 to 1 leverage. About a thousand of these same hedge funds go out of business every year, with a 1000 new start-ups coming on stream.

It is not beyond the realm of possibility, to see how a person under water with any kind of questionable character can succumb to the allure of insider trading if in fact; such trading will dramatically alter the performance of the fund he or she is managing. It is becoming apparent that hedge fund trading is unsupervised. This case is not going to be the last case involving insider trading.

Hedge funds are also becoming more heavily involved in the financing of Presidential elections in an attempt to curry favor with Presidential candidates. To what extent will the amount of money floating around among hedge funds lead to a lack of supervisory action by elected officials caught in ethical conflicts.

In this, the latest insider trading scandals, the government was able to pick up irregular profitable trading patterns in the merger and acquisition of two publicly traded companies. They were Adobe Systems, and its acquisition of Macromedia in 2005, and ProLogis, and its acquisition of Catellus Development.

Once the SEC saw the irregular trading, it was only a question of time and effort before the patterns revealed a conspiracy, and the conspiracy revealed insider trading. Now it’s up to the court system to figure out the rest, but first, expect more arrests.

Goodbye and Good Luck

http://www.stocksatbottom.com

By Richard Stoyeck

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Trading strategies January, A victim’s tale in Madoff scandal …

Trading strategies for January, A victim’s tale in Madoff scandal & 8 early tax-filing steps to take now – Today in Money 1/5. Posted Jan 5th 2009 8:44AM by Allan Halprin Filed under… 


Ryan Blitstein: Deloitte Sues Own Vice Chairman Over Trading

Deloitte Sues Its Own Vice Chairman Over Trading Scandal – The Huffington Post.

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Oil consumption continues

Tuesday, January 20th, 2009 at 3:35 pm  
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The Billionaire Pickens and his plan

Pickens certainly knows what he’s talking

T. Boone Pickens, the 117th wealthiest person in America, has developed a plan that he believes can replace more than one-third of our foreign oil imports in 10 years.

The Pickens Plan: Tossing Oil Dependency into the Wind

One of the world’s most outspoken and productive billionaires has never been shy about predicting the price fluctuations of oil and gas. And now he’s not being shy about how he thinks the United States can break their dependency on foreign oil. Pickens certainly knows what he’s talking about when it comes to fossil fuels. He is the main person responsible for forming the energy futures investment strategy of the BP Capital, which manages more than $4 billion in one of the nation’s most successful energy-oriented investment funds.

As most Americans know, our country is addicted to foreign oil suppliers, and this dependency just gets worse each year. Every day about 85 million barrels are produced around the world, and 21 million of those are used in the U.S. So 25% of the world’s oil demand is used by just 4% of the world’s population. There’s obviously a dangerous disparity there. World oil production peaked in 2005, and oil production has fallen steadily over the past three years. Oil drilling and production is getting increasingly expensive, and there isn’t enough oil to keep up with the demand.

In 1970 we imported only 24% of foreign oil, and today that number is nearly 70% and growing. At current oil prices, we will send $700 billion out of the country this year to support our foreign oil habit. To put that into perspective, that’s four times the annual cost of the war in Iraq. If this level of consumption continues, then over the next 10 years we will have paid out $10 TRILLION, the greatest transfer of wealth in the history of world.

Now let’s get back to T. Boone Pickens, whose insight into oil production and America’s dangerous dependency has led him to begin making a concerted effort to do something about it. Pickens is spearheading an economic revival for rural America while also trying to break the cycle of dependence on fossil fuel. In the small town of Pampa, Texas, just north of Sweetwater, T. Boone Pickens’ Mesa Power is currently building the largest wind farm in the world.

The Department of Energy says that 20% of America’s electricity can come from wind, if the government will just take steps to begin pursuing it. Studies from around the world show that the Great Plains states have the greatest wind energy potential in the world. North Dakota alone has the potential to provide power for more than 25 years. A 2005 study by Stanford University shows that there is enough wind power in the world to satisfy global electricity demands 7 times over, even if only 20% of that wind power could be harnessed.

Today’s wind turbines currently account for the power that serves more than 4.5 million households, but that’s still only about 1% of current demand. In one year alone, a 3-megawatt wind turbine can produce as much energy as 12,000 barrels of imported oil. So what’s the government waiting for? It would take about $1 trillion to build wind facilities in the corridor that stretches from North Dakota to the Texas panhandle. It would take another $200 billion to build the infrastructure to carry that energy into towns and cities throughout the country. And that sounds like a daunting figure of money. But compared to the $700 billion we spend on foreign oil each year, it’s a bargain.

Developing wind power would revitalize rural America by providing jobs and new economic opportunities. Sweetwater is a good example of such revitalization; the population of under 10,000 has grown to 12,000 since Mesa Power began building the wind farm. In addition to creating new construction and maintenance jobs, workers are needed to manufacture the hardware and blades for the turbines. These are well-paid high-skill jobs comparable to jobs in the aerospace industry. And wind turbines don’t interfere with farming and grazing, so they won’t affect food production. Wind power would be a cheap new replacement for the expensive foreign oil that is draining our economy dry in more ways than one.

T. Boone Pickens is one of the greatest philanthropists in the US, and has contributed millions of dollars to a wide range of worthwhile causes and charities. His foundation is improving lives through grants that support medical research, education, corporate wellness, wildlife, and at-risk youth. And now, he has designed a blueprint for solving a looming crisis for at-risk America. Building new wind generation facilities will be expensive and time-consuming, but the gains far outweigh the means, and it will take only about 10 years to replace more than 1/3 of our foreign oil imports. But the solution has to start at the topwith the government.

The Pickens Plan website lays out the challenge clearly: "On January 20th, 2009, a new President will take office. We’re organizing behind the Pickens Plan now to ensure our voices will be heard by the next administration. Together we can raise a call for change and set a new course for America’s energy future in the first hundred days of the new presidency breaking the hammerlock of foreign oil and building a new domestic energy future for America with a focus on sustainability."

Go to the Pickens Plan website and click on the link to send a message to President-elect Barack Obama to tell him why you believe it’s important to reduce our dependence on foreign oil.

By Buzzle Staff and Agencies

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Futures & Commodity Trading

Tuesday, January 20th, 2009 at 3:35 pm  
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An Introduction            

to Futures & Commodity Trading

Know more about futures trading. The article provides information about futures trading, advantages of futures trading, futures trading styles, types of futures contract available and futures trading brokers. Will be beneficial for all those interested in trading futures and commodities.

Futures trading are the trading of contracts called futures contracts, which provides the owner the power to trade the underlying commodity at somewhere in the future for a fixed rate. The rate is usually the price rate of the contract creation. Like stocks and options trading, futures trades are done in precise centralized futures commodity trading markets like Globex and S&P.

Chase O’Leary on Future Trading         video below

Futures trading is becoming more and more popular, this may be because of a lot of reasons such as; simplicity in trading enabling virtually any one to trade, more liquidity of the market due to the high volume of trades done each day, the stability of market as a result of high liquidity, price stabilization between markets mostly because of arbitragers, easy in owning underlying commodity product rather than looking for reduced price values, low transfer rates imposed by trading brokers, the easy to go short or long at any time, requirement of comparatively small initial investments, easy to set up an account and trade from home, availability of mini, standard or large futures contracts, and the availability of a variety of underlying products and commodities.

Futures contracts are mainly of two types as commodity futures contracts and financial futures contracts. Commodity futures contracts are contracts which end with a physical delivery. They include agricultural commodity futures like rice, sugar, wheat, oats, soybeans etc; energy commodity futures like heating oil, crude oil, natural gas, etc; metals & stones like gold, silver, diamond etc; and others such as animals, wood etc. Financial futures contracts are contracts which end with a cash settlement. They include futures for treasury notes, mutual funds, bonds etc.

Commodity futures trading involves to steps as ‘short’ and ‘long’. ‘Going long’ means buying a contract and ‘going short’ means selling a contract. Like futures contract, futures traders can also be grouped into two large categories as Hedgers and Speculators. Hedgers are the issuers of futures contracts, doing so to tackle the risk of low price at the actual product delivery time. Speculators are the actual futures traders trading for profit. Speculators include all types of futures traders you see around like futures day traders, futures swing traders, futures position traders etc.

The two basic necessities of futures trading are the money and the trading account from a futures trading broker or Futures Commission Merchant (FCM). The initial capital investment changes according to the type of the contract you are trading, to the method of trading you follows and to the account features of futures trading broker. Simply speaking, a futures trading broker is the mediator between the trader and the futures market, who deposits the margin collected from traders to the trading market to make the trader a qualified one.

The two types of futures trading brokers are full-service brokers and discount futures trading brokers. Irrespective of the type they are responsible for maintaining trader records such as the trader’s margin deposits, money balances, open futures and transaction completed. In return of these services provided the futures trading broker will charge a fee, depending up on the trading frequency, trading volume and account status of the futures trader. In USA all these futures trading process is monitored by the federal agency Commodity Futures Trading Commission (CFTC).

About the Author

Praveen Ortec works for NobleTrading.com, an online day trading broker offering discount online futures trading on 3 different online futures trading systems.

By Praveen Ortec

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Can It Be Profitable?

Tuesday, January 20th, 2009 at 3:34 pm  
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Part-Time Forex Trading

Can It Be Profitable?

This article discusses why you do not necessarily have to trade the markets full-time in order to make a good living from forex trading.

Many people naturally assume that in order to make decent money from forex trading you need to sit at your computer screen all day actively entering and closing positions. However I’m living proof that profitable forex trading does not have to be a full-time occupation.

Free Forex Trading Seminar             Video below

While I do work from home and do spend most of my day at my computer, most of this time is spent working on my various websites. I generally have a few charts of the major pairs open in separate windows and just glance at them occasionally to see if my entry criteria are met, or to see how a position is doing.

The reason I am so casual about my forex trading is that I generally use 4 hour charts most of the time so positions often unwind very slowly and take care of themselves. When I enter a position I will place a stop loss to prevent a position going against me, and if a position goes in my favour I will just keep on eye on it every so often or place a limit order to sell all or part of a position at a certain price. However even this method of trading does involve being at a computer during the day in order to keep on eye on positions, and therefore isn’t suitable for everyone.

There are alternatives, however. For instance, if you work during the day and can’t monitor positions during this time, then you could choose to only trade during certain hours of the day. I personally dabble in a bit of short-term trading during the week using the 5 minute charts, and while I don’t really recommend scalping, I’ve found this method of trading to be highly profitable during the hour between 8.00 and 9.00 UK time, when the London market opens.

This is because the opening hour usually sets the trend for the day and you often get strong opening moves one way or the other during this hour, so most of the time it’s just a case of trading in the direction of this initial trend. For instance if you get an instance of the price coming out of an overbought or oversold position during this hour, you usually get a strong rebound and a nice continuation of the new trend.

So this is a good example of how you could trade the forex on a part-time basis. You don’t need to trade all day. Just one busy hour or couple of hours during the day could give you more than enough points profit.

Fibonacci Forex Trading                    video below

Similarly another method of part-time trading is to only trade the daily charts. You could base your trading method on the end of day charts, and place your entry prices, stop losses and limit prices the day before.

So overall it is definitely possible to successfully trade the forex markets on a part-time basis. You could only trade during certain times of the day, or you could take a longer-term approach which doesn’t involve you being at your computer all the time.

James Woolley runs a forex blog which contains all the latest forex tips and strategies plus reviews of some of the leading forex brokers.

By James Woolley

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