Forex Day Trading V Forex Trend Following Which is Best

If you want to make big profits in forex trading
you need to decide the time frame you wish to tradhere we will compare forex day trader with forex trend following and the clear winner is...

Forex trend following.
It's really a no contest because forex day trader doesn't work. Before we compare the two lets get rid of the forex day traders make money. You have seen all those fantastic track records - but they all have a problem and it's this disclaimer:
Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Let's compare the two methods of trading:

British Pound And Euro Technical Outlook

British Pound Technical Outlook

The British Pound has found a short-term base against the US Dollar, holding highly-contested support near the psychologically significant 1.4700 mark. Its recent price formation likewise looks vaguely like an inverse head and shoulders pattern, and a break above 1.5500 would signal that a more medium term reversal is likely.

Shorter-term, the British Pound looks to challenge previous spike-highs at the psychologically significant 1.5000 mark.

Euro Technical Outlook

The Euro has stalled at significant resistance against the US Dollar, and we see further scope for Euro/US Dollar weakness through upcoming trade. After such dramatic US Dollar declines, we would expect to see similarly sharp corrections. A reversal at the pair’s 61.8 percent Fibonacci retracement of its 1.6040-1.2330 decline and 200-day Simple Moving Average signals further dramatic advances are unlikely.

The very short term shows that the Euro/US Dollar has thus far held short-term intraday lows of 1.3825, but a break below signals that a move towards previous lows near 1.3600 is likely.

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[ForexGen Live Accounts Contest]

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

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Spreads What Dose It Mean ?

A spread is the difference between the bid price and the offer price.
A spread is the difference between the bid price and the offer price.

Most online forex brokers utilize spread-based trading platforms for individual traders. Look at the spread as the compensation the broker receives for being the market-maker and executing your trade. Spreads vary from broker to broker and by currency pairs at each broker as well.

Generally, the more liquid the currency pair, the narrower the spread; the less liquid the currency pair, the wider the spread. This is especially the case for some of the less-traded crosses.

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1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

ForexGen Academy]

[ForexGen Academy]

If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

Russia Lets Rouble Fall Again

Russia's Central Bank lets ruble fall before holiday season

Russia's Central Bank on Monday allowed its plummeting currency to drop further on the last day of trading before the long New Year's holiday, ending a rollercoaster year for the ruble on a historic low.
The ruble slid 1.5 percent on the MICEX foreign currency exchange, to close at 34.9 rubles against the Central Bank's euro-dollar basket.
It hit 29.2 against the dollar -- a level that hasn't been seen since 2005 -- and 41.7 against the euro -- an all-time low. It is the third sharp drop in the national currency in just five days, and the 12th since Nov. 11, when the supervised slide began.

The Central Bank on Tuesday is to set the official foreign currency exchange rates to serve as the holiday benchmark before a 12-day trading break that is set to run through New Year's and Russian Orthodox Christmas on Jan. 7 and end on Jan 11.
Russia's Central Bank normally does not allow the currency to lose more than 1 percent of its value in one day. The ruble has shed more than 20 percent of its value against the dollar since its high of 23.4 against the dollar in early August.
Russian Prime Minister Vladimir Putin for the first time Monday offered an explanation of government policy of incremental devaluation.

What is Forex?

What is Forex?

The actual question is what is Forex, and how does it work?

Forex, or the foreign exchange market can be simply explained as the simultaneous buying of one currency and selling of another. It is basically a marketplace where currency trading takes place on a daily basis. The trading of these currencies are facilitated mostly by international banks and some other official institutions. A typical transaction would involve the buying of one currency by providing a certain amount of another currency.

At the moment Forex is one of the largest and most liquid, meaning you can easily buy or sell currencies without disrupting the price too much, financial markets in the world. The main purpose of the Forex market is to facilitate trade and investment.

Ok, so why would you want to do this? Well, it's simply really. The fluctuation of currencies implies that they are not all high or low at the same time. This means that the values of currencies, relative to other currencies, will also fluctuate. What I am getting at is this. It could happen that you buy a currency that is currently not very highly priced, then in a short while you could see an increase in its value. This is when you start thinking of selling and in the process you can make a lot of money.