This is a very good article (attributed to the Trading-Home-Business.com website) that is also a good primer on foreign currency exchange rates.
Foreign Currency Markets
The cost to exchange one currency for another is defined as the foreign currency exchange rate. For an example, if you vacation in France you will have to pay your expenses in European Euros. If you are from the United States then you will use your American dollars to buy European Euros.
Let’s assume that you go to your bank and buy $1000 worth of Euros. …

The team at Forex Tracer make huge claims about the profits made with Forex Tracer.  Some $335,000 in 2007.  That’s a lot of change and very compelling.
We checked out the claims and for all intents and purposes it is apparently true.  Now what we also discovered is that there were some caveats.  The older version of the software had a tendency to string together rather long losing periods but recent upgrades have improved the performance significantly.
It’s ratio of winning trades to losing trades is 11 to 1 with forward …

Well everyone is in a panic mode….my 401K is sinking fast. I’m resisting the temptation to dump everything, however, because I’m looking for opportunities in the currency market. The dollar/yen and the the dollar/mark are showing a lot of volatility. There may be some profitable setups coming.
If you aren’t in the Forex market you are missing a significant opportunity. Trading the Forex is how you will shore up that sinking 401K.
There are tools out there that will allow you to trade on your schedule and make …

By Colon McRae
Statistics show that only 15% of forex traders make money, which seems to contradict the vast numbers of people actually trading in forex. What follows is five mistakes new traders and experienced make that often causes them to lose money.
1. No Forex Trading Plan – Trading in forex without a forex trading plan is akin to going to war without a battle plan. You have very little chance making money without a well-conceived plan and strategy and how to execute it. The forex trading plan …

I make consistent money trading the forex but trading the Forex is not easy.  As they say, if it were easy everyone would be doing it.  Trading the Forex, however, is very doable with the right preparation.  Obviously you have to invest the time and effort to learn.  Once you’ve learned the basics then you are ready to move on to developing strategies.
When you do, help your self by incorporating your strategy into a mechanical forex trading system.  I use Tradestation to help develop strategies.  I have found the use …