The word forum comes from the big open square in the middle of Roman cities where citizens would gather to hear the news and discuss important current issues. Formerly known as bulletin boards or message boards, online forex forums are sites where traders can go to discuss issues related to forex trading. A few are restricted to paid members, but most of them are free and can be accessed by anybody who chooses to register a free account.

In an active and popular forum, there are usually several discussions underway. If you post a question or comment you can expect to receive a fast reply. The only problem with this is that you usually do not know whether the replies can be trusted.

Forum members may appear to be experts but they could be anybody at all. It is easy to hang around long enough to pick up the language, then start handing out advice to others. Some might be complete beginners. Is their advice really valuable to you?

Of course in some cases there may be indications that a person is well qualified to help you. For example, you can often see how long the person has been a member and how many posts they have made. Someone who has been an active member for a long time may be a better advisor that someone who just joined. Or so it seems. But what if that long standing member just likes hanging out in forums?

Even the best traders who are actively making money from forex can sometimes give conflicting advice. Traders have different attitudes, systems, strategies and priorities. Oftentimes they may take more of a risk than a beginner would be comfortable with. This means that it may not be possible for a beginner to follow what they suggest.

A forex forum is a useful place for certain types of discussion. For example, it can be great to get feedback from other traders who have used a particular product or service such as a broker or an automated trading system. You still have to keep in mind that different people have different abilities and expectations, of course. Just because somebody could not figure out how to use something, does not mean that anybody else would have a problem with it. Try to get a range of opinions and look for responses from people who are in a similar situation to your own, when checking out reviews on a forex forum.

Forex Forum: How to Choose the Best for You is a post from: Great Forex World

So, what is Forex Rebellion and does it really work?

Are users actually making money with Forex Rebellion?

What You Get

So what is Forex Rebellion? Is it another robot?

The answer is no – and yet, it does have an automated component.

This is a manual trading system that identifies trades with a high probability of success. But you also get a piece of software called a ‘trading assistant’ which will alert you when conditions are favorable for a trade according to the system. You then decide whether to go ahead and trade.

This means you are in complete control of your trades, but at the same time, you do not have to waste your life scanning the markets 24 hours a day. It’s the best of both worlds. It also means that you can cover more than one currency pair.

As well as the trading assistant, you get over 40 videos showing how the system works. This includes footage of Russ trading the system live on the real market. It also includes different kinds of situations that may arise in the market and how to deal with them.

You also get special chart indicators that have been developed specifically for the Forex Rebellion system. You will not find these indicators anywhere else but they come free with this system. Other systems leave you to tweak standard indicators as well as you can – Forex Rebellion serves them up to you on a plate.

Plus of course, you get a manual. This is great for referring back to, after you watched the videos. Or if you are the kind of person who prefers to learn from the written word, you will find the system very well explained in the manual. (But it is best to watch the videos at least once, especially the bonus videos. There’s information and strategies there that are not in the manual.)

The System

This is a short term trading system (day trading) which will suit anybody whose time on the computer is limited. It can be used in any time zone and on any currency pair. Since forex is a 24 hour market, people with a regular job can use this in the evenings or early mornings, while a stay at home parent could trade while the kids are at school. It’s very flexible.

Another advantage of this kind of flexibility is that the market will not be saturated with traders using the same system at the same time. Forex Rebellion traders will be dispersed through different time zones and different currency pairs.

However, when you are starting out with the system it is best to stick with one currency pair. EUR/USD will be easiest to begin with, because of the high volume of trades. You also have a choice of time frames and we recommend starting with one hour.

How To Use The Videos

40 videos is a lot! And as for the claim that you can learn this system in 25 minutes – well, you would be missing a lot if you only spent 25 minutes on this. But it is a simple system that is quick to learn.

While some people will happily watch the whole video series right through from start to finish, for beginners that could be confusing. So instead, a great way to use this type of video training is to sign up for a broker demo account and actually follow along with what Russ Horn is doing. Using a demo account means that you do not have to risk any money.

At the same time, take brief notes of what is included in each video. This makes it way easier to find what you want if you want to come back and watch a strategy again.

User Feedback

People are raving about Forex Rebellion! You will see plenty of testimonials from users on the site, but the place to look for genuine impartial feedback is the forex forums. Comments there are extremely positive, with plenty of 5 star reviews.

We didn’t really find any negatives except people recommending that you start small – start in demo to find your feet, pay attention to the training on risk management and stop losses, and don’t start right out with 10 different currency pairs all at once. It’s just common sense.

Some users do go live right away but this would only be appropriate for experienced traders who can see that the system is going to work from the videos. Beginners need to get accustomed to the mechanics of trading and this is best done in a demo account where a mistake will not cost you anything.

Guarantee

You have a guaranteed refund here if you are not happy with this system. You have up to 60 days to test it out.

In order to make this a truly risk free 60 days, it is best to use a demo account. For newbies who do not already have a broker, there is a special link to a recommended broker in the download area. With this service (and most others) you can trade in demo mode at first until you are completely confident in the system and your trading abilities.

Summary

There is a PPS that Russ Horn has put on the site: “Fate brought you here and fate can take you to a whole new level in the Forex Trading niche. I’ve done all I can to help you find true success. The rest is up to you.”

We could say the same about this Forex Rebellion review. Destiny … or something … has brought you here and you can be thankful, because you have actually come across a real money making forex system among all of the dubious forex strategies out there. This is the one folks – get it or get out, because if you can’t make money with this, you shouldn’t be trading.

If you want to learn more about the Forex Rebellion System then you can go to the information page by clicking here

Forex Rebellion Review: Is It Right For You? is a post from: Great Forex World

Well, it is a kind of speculative investment a little like stock trading, but instead of buying and selling stocks and making a profit when they rise, FX trading involves buying and selling foreign currencies on the internet.

If you want to learn about basic forex trading then click here

Like all speculative trading this is a risky type of investment but it can also be very profitable. Professional traders can make a lot of money in just a few hours per day. However, you do not have to be a professional to get involved.

Currency trading is a worldwide market without a fixed trading floor. This means that it goes on in all time zones and trading takes place 24 hours a day during the business week. This has some advantages for anyone wanting to get involved from home, because it means that you can trade at any time of day or night that is convenient for you.

If you want to learn about basic forex trading then click here

As the name ‘foreign exchange’ suggests, FX trading involves exchanging one currency for another. For this reason, traders talk in terms of currency pairs. An example of a currency pair would be the euro and US dollar, which is written EUR/USD. You would buy this pair (buy euros) if you thought that the euro was likely to rise in price against the dollar.

This is called ‘going long’. You would sell this pair (sell euros, buy dollars) if you thought that the euro was likely to fall against the dollar. This is called ‘going short’.

EUR/USD is the most heavily traded pair, but currency trading is a huge market with trillions of dollars worth of deals made every day. Most of this trading involves the major currencies US dollar, euro, Japanese yen, British pound, Swiss franc, or the Canadian, Australian or New Zealand dollars. Any combination of one of these currencies with the US dollar is known as a major pair. A combination of two currencies not including the US dollar is known as a cross pair.

The market is driven by economic forces such as interest rates or the GDP which mark the strength of a nation’s economy. A strong economy usually means a strong currency. However, predictions of price changes are usually made on the basis of charts on which traders can identify trends in price movements. These charts are normally provided free by forex brokers.

Using the internet, traders can control their own account and make trades through the software on their broker’s website. There is no need for phone calls to a broker these days. Of course, it is not always possible to predict price movements correctly and there is a risk that money will be lost. To minimize the effect of this, traders place stop orders so that if a trade goes against you, the trade will be closed before the loss is too great.

If you want to learn about basic forex trading then click here

What Is FX Trading? is a post from: Great Forex World

Of course, it is not so easy to put into practice. However, there are several things that can help to create a trading environment or mindset where it is easier to be consistent. Let’s look at some of those now. First, it is very important to have a strong faith in your system and your trading plan before you start. Even before spending time demo trading a system, it should have been thoroughly back tested.

And it is not sufficient to accept somebody else’s tests. You must do them yourself, because that is the only way that you can know the system inside and out from your own experience. Then it is much easier to keep your confidence strong even when the market is throwing curve balls.All the rules should be clear, put down in writing and preferably kept in front of you on the desk at all times.

A mind under stress makes some bizarre decisions, usually because the effect of stress is to make us want to do anything rather than nothing. Having the rules right there in front of our eyes takes away some of that pressure to act right now regardless of the market. Naturally, it is better not to drink alcohol while trading.

It seems like a great idea to be able to relax with a beer and there is no boss to say no, but even one beer can loosen us up. It may feel good but it does not make for tight self discipline and good trading.For anyone who cannot resist the temptation to make random trades on a whim, at least restrict this to a separate account so that your ‘mad’ trades do not interfere with your real trading.

‘Mad’ trading is almost certain to lose money so do yourself a favor and make it the smallest possible account that any broker will let you have.Finally, for sure fire consistency you could consider automating your trading. This can mean having software developed from your own profitable system or buying one of the many expert advisors that are on the market.

While the aim of any forex trading tutorial will be to increase the trader’s manual trading skills, the forex market is well suited to automation and robots can be a good way to extend your reach.

Forex Trading Tutorial: How To Make Real Money In Forex is a post from: Great Forex World

That is, the one perfect system that will make money, if not every single time, then at least 90% of the time. Reports in advertisements of systems that have an amazingly high success rate support the belief that such a perfect or near perfect forex trading system exists. And yet when the average trader starts using these systems, suddenly the success rate is not so high after all.

The perfect system, like the legendary holy grail, cannot be found.It is easy to become disillusioned when systems turn to dust before our eyes again and again. However, all we have to do is get real and there is every chance of finding a good, workable system rising out of that dust. We just have to lower our expectations and understand that any system will have variable results.

This is partly because of the inconsistencies of the market and partly because of the inconsistencies of human traders.All we need is a system that returns a profit. It does not have to be a big profit, it will add up. It does not have to be always successful, either.

If you want to find a good book on a forex currency trading system then click here

We must just set our risk low enough that even the worst possible series of losses will not wipe us out, and then statistics will take over.The best forex currency trading system is one that is offered and used by somebody who is actually making money with it themselves.

Anybody who has a personal contact with a successful forex trader has a huge advantage here because they can probably point you in the right direction. But keep in mind that they will not necessarily be able to just hand over their success to you on a plate. Often, a trader has taken years or even decades working on their mindset to make them able to use a particular system successfully.

They probably also have a large account balance which gives them a wider choice of broker and more flexibility over lot sizes and leverage.If you are buying a forex currency trading system online, be sure to choose something simple.

Many people make the mistake of thinking that a successful system will be complex and difficult. This is not true. What is difficult in forex trading is implementing the system. This requires a cool head and a good understanding of the tools of technical analysis.

The simpler a system is, the more likely it is that a new trader will be able to implement it well without making mistakes.In fact, it is probably true to say that a beginner is better off with a simple system that does not make money, than a complicated one that does.

Since he can use a demo account, he will not lose any real money. He can learn all the techniques of trading and build his confidence and trading discipline without ever being tempted to go live. In fact, probably the best advice a beginner can receive is to start with the simplest forex currency trading system that he can find.

If you want to find a good forex trading book on a forex currency trading system then click here

Forex Trading System: Is There A Perfect System is a post from: Great Forex World

The market is driven by the comparative strength of national economies. This means that if the American economy becomes stronger in comparison to the British economy, the value of the dollar will rise against the pound. However, because the forex market is based on exchange, everything is relative. If the Japanese economy strengthens at the same time and to a greater degree, the dollar could fall against the yen at the same time that it rises against the pound.

In order to predict currency price movements on the basis of fundamental analysis, it is necessary to have an eye on certain factors. Interest rates and the national Gross Domestic Product (GDP) are the strongest influences on the forex market but there are many other indices too. These include the retail price index, manufacturing costs and orders, employment and payroll figures, etc.

Most of these figures are calculated and announced at regular intervals. There may be monthly, quarterly or annual announcements, and it is important to be aware when these are going to happen. Interest rate changes are different in that they will happen whenever a country’s central bank decides that a rise or cut in the interest rate is necessary.

For most retail forex traders working from home, it is difficult to predict the direction of these announcements other than what is reported in the financial press or online. However, it is important that traders keep themselves informed. The announcement itself will tend to be a time of high volatility in the market and even speculation before the figures are released can have a strong influence on the market.

So traders need to know when these financial reports are happening and either understand how to use them, or stay out of the market altogether at those times. For beginners the latter course of action is usually recommended.  This means being aware of the forex calendar and closing trades some time before a major announcement is due.

So it is worth taking some time to understand the forex news and how it affects the currency market before starting to trade. Even traders who plan to trade entirely on the basis of technical analysis need to cover this in their foreign exchange training in order to avoid being caught out.

Foreign Exchange Training: How To Use The News is a post from: Great Forex World

The study of charts has become big business in Forex Trading and this is explained very well in the Ed Ponsi book “Forex Patterns and Probabilities” which is published by Wiley Trading and is available from Amazon in the US by clicking here: USA or Amazon in the UK by clicking here United Kingdom.

Ed Ponsi is a forex trader and educator and the forex patterns and probabilities that he reviews in his book are as a result of him trading the currency markets using his real-world specifics rather than some general concepts
of FX strategy.

Do not shy away from Ed Ponsi’s real-world strategies that he applies to foreign exchange risk management as when you learn how to apply them when trading forex will reward you

Forex Patterns And Probabilities: Forex Pips, Forex Charts And Forex Trends

• Forex Trends

The Forex markets have been studied for over 100 years and over that time trends have repeated themselves and patterns have become consistent and fairly reliable. It is very important to understand that prices move in trends and those traders who trade with the trend are more successful. Finding the trend will help you become more aware of the market direction and is a fundamental element to the forex patterns and probabilities you will use to formul

ate your trading strategies as a professional trader in currency trading.

Always find the trend and trade with it, not against it. This applies even if it takes days or weeks for a new trend to become obvious.

Looking at the charts and drawing trend lines is the most common form of technical analysis. A trend is usually when 3 or more lows line up. A market that is trending up is making a series of higher highs and higher lows and you can draw a line connecting the bottoms roughly, this is a support line.

The market is trending down when it is making lower lows and lower highs, if you draw a line connecting the tops you have drawn a resistance line, which will be shown in the forex patterns and probabilities book.

• Forex Time Based Charts

Traders have different times they wish to trade in, some are comfortable using 1 and 5 minute time frame charts others prefer 15 min or 1 hour charts placing 4 to 10 trades daily and others prefer to place a trade and let it run for several days, weeks or longer. This is a personal decision. There is not one time period that makes more money than the others.

When reading the charts it is a good idea to look at 3 different time frames. The reason for this is the largest time gives a general over view of what is happening, the direction of the market, then zooming in to the next level shows what is going on more recently and when you should enter the market and the third and closest time frame is the one where you would actually monitor your trade.

The 3 different time frames can be any combination depending on your chosen trading time and this will affect your forex patterns and probabilities.

A daily chart might show a downward trend but the 5 minute charts could show an upward trend and the 1 minute charts show a downward trend, these charts would be of no interest to anyone leaving a trade to run for weeks. Again there are software programs available to help identify trends and placement of orders which will be discussed in forex patterns and probabilities.

Having some knowledge I believe is useful even with automated programs.

Forex Patterns And Probabilities: Time Based Forex Charts

There are 3 main types of charts, the candlestick chart, bar charts and line charts.

They all come in many different time periods, 1 minute, 5 minutes,10 minutes,30 minutes, 1 hour, 2 hours, 4 hours, 1 day, 1 week and 1 month plus others.

With the bar chart each bar represents one period of time (as above) and on each bar there are 4 marks. The highest point reached in that time frame, the lowest point, the opening point and the closing point. Those 4 points tell you what has happened in the market for that time.

The candlestick charts give exactly the same information with the candlestick body changing colour on a high (bullish) and changing back on a low (bearish) market

The line charts simply chart the direction of the market moving up, down or sideways. You usually have a choice of what sort of chart you want from the broker of your choice.
Trade in the time frame you feel comfortable with. There is no right or wrong time frame.

Forex Pips

This is the smallest increment the value of the currency can change by. The pricing of the currency is always showing the value of one currency against another. For example EUR: USD 1.4443 ( 1 Euro is worth USD 1.4443). The last number shown on a price (for example the 3 in the following price 1.4443 ) is known as a pip. If the value of the Euro went up 20 pips it would be shown as EUR : USD 1.4463. All value changes are referred to as pip changes.

The main objective of trading is to gain as many profitable pips as possible. The more dollars you are trading and the higher your leverage the higher the value of the pip is worth to you. Trading a full lot of 100,000 with leverage the pip value is around $10 however with a mini account you are trading 1/10th of the size therefore a pip is worth $1.00.

Traders have different goals depending on their   forex patterns and probabilities short term traders might look at gains of 20 pips per trade, for a longer term traders will be looking at 100 plus pips.

Forex Patterns and Probabilities is a post from: Great Forex World