Mastercharts EURUSD - forex broker for news trading

Mastercharts EURUSD ~ forex broker for news trading

The major support/resistance areas for EURUSD are situated on the yellow lines and the blue/red lines are the minor areas. Here are the levels.


1.60500
1.52000
1.41000
1.16600
1.07100
0.83300
More info for Mastercharts EURUSD ~ forex broker for news trading:

The Best Trading Strategy for forex - forex news trading bot

The Best Trading Strategy for forex ~ forex news trading bot

The best trading strategy for forex should become the next important thing you must learn if you agree to invest your money in forex. You can’t play with your own money or just gambling in this market, because you can get higher risks about it. Just like everything in this world, you should have enough plan, preparation and strategy before you want to take a real action. If you just use your imaginary or take random acts, you can get bad result or maybe even the worst result you will regret. 

Before we talk about trading strategy for forex and how to take the best way, let’s talk about forex itself. What is forex? For beginners or people who don’t really have a clue about money investment and trading, forex is only a strange name. But more than that, forex is so important and actually take a role in our every days life. Forex is the largest financial market on earth, often known as foreign exchange market, where you can potentially make profit from the movement of trading market. Nowadays, forex market is not only full with traders or money investors but also ordinary people in ordinary life. Yes, everyone can join forex market as long as they have money and strategy to make the great result. 

Now let me just tell you about the best trading strategy for forex :

Because forex market involves significant risks and fatal result for people with no strategies, that’s why you should prepare the best plan and strategy when you want to be involved in Forex trading market. With great strategy about trading, sure you will get the best result that may change your life forever. Remember that George Soros ever made a billion dollars in a day by trading currencies. That’s one perfect example about how smart and great strategy for forex can improve the best result you will get. 

In the very first time, make sure you learn about basic knowledges about trading market before you try or challenge yourself in real trading acts. It’s also one of the best strategies to try small investment with small amounts of money for forex market. Because forex is accessible and not only for high-class, you don’t need a lot of money to get started in this business. If you worry about the higher risks, invest small amounts of money can be your best option.

Not only that, try to take trading demos to practive and improve your skill in trading market. It’s not only a perfect place to know and learn the basics but can be the best way to practice your strategy in forex trading market.

another forex strategy

• The Three Ways of the Best Forex Trading Strategies for Beginners

More info for The Best Trading Strategy for forex ~ forex news trading bot:

BEST BROKER TO TRADE WITH - forex trading education in marathi

BEST BROKER TO TRADE WITH ~ forex trading education in marathi

ZERO SPREAD ACCOUNTS

Raw Spreads with 0 Markups | Trade on Interbank Spreads, Low Cost Trading 

| Low Commissions & Super Tight Spreads

Lower the cost of your trading with the HotForex ZERO Spread Account With a minimum opening deposit of just USD 100, the HotForex ZERO Spread Account is an accessible, low-cost trading solution that is suitable for all traders, but is particularly useful for scalpers, high-volume traders and those who trade with Expert Advisors (EAs). For the first time we are giving you the ability to trade on Interbank Spreads As a HotForex ZERO Spread account holder, you will receive RAW,  Super-Tight Spreads from leading liquidity providers with NO markups!  The account offers a highly transparent commission-based structure and commissions start at a low USD 0.04 per 1K lot.

MORE INFO ON ZERO SPREAD ACCOUNT.....

SIGNUP FOR ZERO SPREAD ACCOUNT

MICRO ACCOUNTS

Account

• Minimum opening deposit: 5 USD
• Leverage of up to 1:1000
• Trading Instruments: Forex, Indices, Commodities and Share CFDs
• Webtrader available
• Spreads: From 1 pip
• Minimum trade Size: 0.01
• HotForex e-Course
• Support available 24/5 in 12 languages
• Bonus: Flexible Bonus Offerings 
• OPEN MICRO ACCOUNT: MICRO ACCOUNT SINGUP

PREMIUM ACCOUNTS

Account

• Minimum opening deposit: 500 USD
• Leverage of up to 1:400
• Trading Instruments: Forex, Indices, Commodities and Share CFDs
• Spreads: From 1 pip
• Direct Trading room telephone access
• Personal Account Manager
• MYFX platform for deposits over 2,000 USD
• Support available 24/5 in 12 languages 
•  PREMIUM ACCOUNT SIGNUP

Trader Advantages

• Trading Central Analysis
• HotForex Traders Board
• One Click Trading
• HotForex Trading Tools
• Economic Calendar
• Rapid Trader FIX/API

Smart Trading

• Spreads - EURUSD from 0.2
• Rollover Policy - Transparency
• HotForex VPS Hosting
• Execution Desk and Investigation
• Award-winning MT4 Platform
• Refer a Friend Promotion

SIGNUP WITH HotForex NOW

More info for BEST BROKER TO TRADE WITH ~ forex trading education in marathi:

Five reasons why VIPortal must take blame for giving Kenyans the wrong view on forex - forex currency trading demo

Five reasons why VIPortal must take blame for giving Kenyans the wrong view on forex ~ forex currency trading demo

It seems that our analysis on VIPortal incorporated, a Kenyan forex entity, is not going away any day soon. Let it be known that we have nothing against VIPortal. We only think that we owe it to the unsuspecting public which has a right to know, online forex being an unfamiliar terrain to many Kenyans. 

Online forex trading is considered as such because of the
limited interaction between the forex trader and the market maker, who is basically the forex broker. Try and fix VIPortal into this scenario and you will be left wondering whether VIPortal is trying to redefine the meaning of online
forex trading or whether what they are attempting to do is what forex brokers should actually be doing. It cannot skip our minds that VIPortalhas also branded itself as an ECN provider. We will not delve into that discussion today. Let it be the subject of another occasion. Today we only aspire to show how VIPortal Incorporated has misled the Kenyan public interested in the trading of forex on what online forex trading actually entails?

1.      Forex brokers are market makers

Being a market maker simply means that you provide an avenue through which forex traders will buy or sell any currencies,  metals or any other commodities. In a sense you have to be trading against the client so that when the client buys it implies that you have sold. So far VIPortal has not shown that it has been a market maker to over 8,000 of its clients. When most these clients first opened accounts with VIPortal, the entity had no Meta trader 4, which it has recently acquired. Yet majority of Kenyans I have interacted with on matters forex now believe that what VIPortal has been doing is what the typical forex broker does. That is, taking money from the client and trading on their behalf. That belief is wrong. The best a forex broker can do is to assign a trader to an account manager who guides the trader on when and how to trade on any platform registered in the full names of the trader. I highly doubt if any of VIPortal’s clients can see the results taken on their behalf for the past few months through the Meta trader platform.

2.      Forex brokers have different payment options

VIportal seems to be the de facto neteller ambassador in Kenya. Neteller is a money transfer system that allows transfer between merchants and individuals. You could compare it to Lipa na Mpesa. We wonder whether during the signing of trading contracts clients were notified that they could only be able to withdraw their money through Neteller accounts. If VIportal is on some affiliate program with Neteller one can only try and guess how much money they have made from each of their clients that opened a Neteller account to get their money back. The Kenyan public should know that forex brokers provide various ways of cash deposit and withdrawal depending on what is convenient to the trader. Some of those ways include depositing or withdrawing by wire transfer, debit card, credit card, skrill or moneybookers, Paypal and many other ways. If VIportal is on an affiliate program with Neteller their clients must be let know under the principle of full disclosure. But as matters currently stand, all its clientele believes that Neteller is the only way to get their money back.

3.      Hedge funds are the only certified entities that trade for individuals and organizations

VIPortal is not a hedgefund and as such should not be taking money from its clients and trading on their behalf. It claims that its staff constitutes traders rated from three stars to five stars. Were the clients provided with the trade records of all of VIPortals traders so as to ascertain whether they were capable of bringing profitable returns to the trader’s accounts? I doubt. Probably no client asked to be furnished with such information; not because they lacked the guts to inquire but because they do not know that before anybody handles your trading account you need to see a certified document showing all the trades they have taken for a given period of time in a real trading account. Hedgefunds generally trade for others because as the name suggests they hedge their positions so that the loss they make in one trade is covered by the profits in another trade taken at the same time.

4.     Studying how to trade forex online should not be that expensive

Forex trading is not an elitist profession. It is the only sphere where even college dropouts can do much better than those with master’s degrees. And just if you did not know, you do not need a university degree to trade forex online. Of course VIPortal has in no way made forex seem like a science, but it has been charging abnormal amounts to those who would want to learn how to trade forex. In a previous article we attempted to answer the question whether forex trading can betaught. VIPortal’s high fees could be as a result of enjoying a monopoly due to their permanent presence unlike most self declared Kenyan forex tutors without addresses who disappear soon after getting hold of your money. What any Kenyan aspiring to learn how to trade forex should know is that there are many online forex tutors that charge far less to train anyone on how to learn to trade forex online. And you will be surprised to discover that most of what you will be taught after paying over Kshs. 100,000 for an advanced course at VIPortal is actually available for free in an online forex forum. They probably copied the course from one of those forums.

5.      Forex trading is not all about prayers

I am not discouraging anyone from sticking to their pious lives, but what you should know is that as a trader the market cares less about your background. Forex trading is not a sphere where you sow a seed (panda mbegu), and have profits henceforth. Bad trades in this sphere are not rebuked through biblical versus- it is a centre of realism. You are either profitable or a loser. Most of VIPortal’s reply to those with questions concerning its activities has been bible based. Visit their facebook page and you will discover that any concern raised is often rebuked through some verse from the New Testament. Forex is a murky world and most of those learning to trade under the tutorship of VIPortal will be devoured by this world when they open live accounts. My only hope is that they have not been insisting on the power of prayers to any of their students when it comes to the trading of forex. For forex trading is all about eating your just desserts.

It is our hope that you now know what it means to be an online forex broker. You also now understand that you can actually ask to be paid back your investment through any means other than Neteller as long as your contract did not spell out the means of getting your money back. You can get more information on forex trading from the article titled ten things you did not know about online forex trading in Kenya or from any of the articles listed below. 
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Read: How Profit Venture Limited is stealing from Kenyan forex traders
Call us today on 0725 050 419 for the best forex trading orientation.
Related articles:-

Why are many Kenyans failing in the online forex business

Is online forex trading illegal in Kenya

How VIPortal got it wrong

Have courage to open a live forex trading account

More info for Five reasons why VIPortal must take blame for giving Kenyans the wrong view on forex ~ forex currency trading demo:

Short Term View on some majors - forex trading based on news

Short Term View on some majors ~ forex trading based on news

The following currency on H4 are almost ripe for long. I used the word almost, because the signals is not there yet. The best way to use H4 is actually see the signal in the form of the next one or two reversal candles on H4. What is required is to monitor the pair and wait for the signals. It is not advisable to pre-empt the move, wait for the sigal on H4. After a sigficant fall by most of the pairs, they are due for a reverse. The advantage of H4 is that you will get adequate notice of between 8-16 hours. We attach the relevant charts for guidance
More info for Short Term View on some majors ~ forex trading based on news:

Trading Strategy Explained - forex trading on news

Trading Strategy Explained ~ forex trading on news

Let me use this opportunity to explain and make some clarifications in respect of following aspects of my trading strategy.

a) Candle trades
b) Monthly chart
c) Weekly chart
d) Daily Chart
e) 4-Hour chart



Candle trades:

For the candle trades I use weekly and monthly candles and I have a micro account with Alpari which I use for these trades, because I am still experimenting. However, whenever a unique opportunity present and it aligns with my trade set in the charts, I replicate such trades on my main account. For the candle trades, I dont use RSI. I simply follow the candle, if the candle is bearish, I will go short and if the candle is bullish, I will go long. If you want to try this, open a separate micro account or even try it on a demo account over a period of time to properly understand it.





Long Term trades:



For long term trade, I follow the daily, weekly and monthly charts using RSI as a guide. The signals on these period are usually few, but of the best quality.



Monthly RSI gave a buy signal in March 2009 and over the next 4 months, price rose by about 3000 pips. The next signal was given in June 2010 and yield about 1800 pip. Using the monthly RSI, there is no signal to sell yet.



Weekly RSI gave six signals on the chart 3 buy and 3 sell as shown on the chart.



Daily RSI gave three signals so far, 1 buy and 2 sell as shown on the chart.



I attach herewith a daily, weekly and monthly charts for GBPUSD to illustrate the points. The place where the signals are given highlighted in blue boxes.



How do you interprete all these based on where we are today for your long term trade?



Monthly: The buy signal was given in June, if you miss it wait for another signal. Most importantly, dont trade in the middle of channel. You can get your trades on other timeframe.



Weekly: The weekly gave a buy in May and sell signal in August indicated by the spots highlighted. Price is currently on 50 points. Wait for another signal if you want to trade weekly long term.



Daily: The daily gave the sell signal in between August 2-4 and has currently cross the 50 point mark down. The next signal you should watch out for is buy. If you miss the signal in August, wait for the next one.



For a trader who missed all these signal for medium term, trade, what does he do?



If you miss all this signals, the next option is to trade intra-day using H4. The horizontal line on the RSI is your guide.



For a trader who misses all of these signals, what does he do?



The best option is to stay out on the sideline and wait for the next signal, because that is the only way to be a successful trader.



I took time to clearly enumerate the steps to show that is important for a trader to be methodical in his approach. If a set-up is not right, ignore such trades. To give you more trading opportunities, you can monitor between 2-4 majors and only trade the one that presents the best opportunity at any point in time.



Happy trading!
More info for Trading Strategy Explained ~ forex trading on news:

Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
More info for Larger Picture for AUDUSD ~ forex market news trading:

GBPJPY See where we are! - forex news trading guide

GBPJPY See where we are! ~ forex news trading guide

[quote=Articulate;4548624]



GBPJPY moves is usually 1000 pips per movement with a pause every 500 pips. The 1000 pips support and resistance points are depicted by the yellow lines, while the 500 pips resting points are shown by aqua color.



The red zone on the 14 days period RSI is the sell zone, while the blue zone is the buy zone. The horizontal line on the daily RSI tells you when a movement is weak or about to reverse. The daily chart is the best guide for this style.


The charts are attached. Have a colourful weekend![/quote]





I mentioned that the above posting is classical. See where we are on the weekly and daily charts. For short term traders, I attached H4 charts. I intend to post GBPJPY charts at the beginning of every quarter. Expect another one in May 2011
More info for GBPJPY See where we are! ~ forex news trading guide:

The retrace is almost complete - forex news trader mt4

The retrace is almost complete ~ forex news trader mt4

The retrace which started when price reached around 1.60000 in August is almost complete. I.60000 is the target now. How many days are we going to spend between 1.58385 and 1.60000? I dont know. What I know is that a daily candle above or below the box will signal the next direction.



This daily chart has been valid since August. I will update the daily chart whenever we move out of current box. The daily chart gives the trend, which is still up, the H4 gives signal of when to trade and M15 is for entry.



I have alway said it trading within the concrete zone is the best option for any retail trader who desires success. Afterall, if your Account size is $1,000.00 and you trade 0.10 lots, you only need to make $100 a month (about 100 pips/month or 5 pips/day) to grow your account by 10% monthly. If you are able to achieve this regularly within a year, you will outperform most Funds/Fund Managers.



If you have the above mindset, your success is almost guaranteed in this highly volatile endeavour.



Happy trading!
More info for The retrace is almost complete ~ forex news trader mt4:

Bigger Picture for AUDUSD - forex news.gci trading

Bigger Picture for AUDUSD ~ forex news.gci trading

Audusd is currently trying to move back to the top of the weekly trendline from 0.80634, when the took off to the currently high. The trendline is what it holding the pair from rising higher for now. If the weekly successful opened and closed above the trendline, then the trend will resume on the higher time frame. If the trendline holds, the a fall to 1.02500 which is the base for the current move is possible. A fall below will drop the pair back to its concrete zone 1.02500 - 0.95000 where it traded for the past 6 months.

My view is that a big reverse is in the horizon, the monthly, weekly, daily are all dangerously close to the overbought zone. A touch of 50 point mark is due on the daily RSI.

Recommendation: short whenever H4 enters the yellow zone and take profit if it drops back to the 50 point mark on H4 RSI

This is the bigger picture.
More info for Bigger Picture for AUDUSD ~ forex news.gci trading:

GBPUSD(updated) Outlook - free forex news trading ea

GBPUSD(updated) Outlook ~ free forex news trading ea

The Cable effectively traded between the Masterchart level 1.5300 and 1.6300 for most of 2012.  The bullish run which began since June 2012 is technical still intact.  The monthly candle has been consolidating between 1.6000 and 1.6300 for the last 4 months.   The monthly candle needs to close out of this 300 pips range in order to determine the long-term   direction.  Based on the fundamentals the presure appear to be to the upside. However,  the big players are capable of draging the pair back to 1.5300 to maintain the ping-pong game from between 1.5300-1.6300

If you want additional information on how to take advantage the scenerios send an e-mail to diamondstrategiks@gmail.com for a copy of the 2013 GBPUSD Strategic Trading Plan.

More info for GBPUSD(updated) Outlook ~ free forex news trading ea:

Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
More info for Is USDCAD ripe for short ~ forex news trading pdf:

How to avoid making psychological mistakes while currency trading - trading forex dengan news

How to avoid making psychological mistakes while currency trading ~ trading forex dengan news

Amelie Gam is an Internet writer for Forex Trading Plus. She just wrote an interesting article on psychological aspect of currency trading.

According to Amelie, a trader exposes himself/herself to the higher risk of loss when he or she :

- doesnt control human emotions;

- acts upon fear or hope without basing own feelings on real facts;

- exploits other people’s human emotions (people who are constant in their mistakes can not gain success and earn money);

- is not disciplined, doesnt make plans, doesnt follow strategies, doesnt apply mathematical and money management principles;

- doesnt run only profitable trades and doesnt try to cut losses as fast as possible;

- uses rumors and advice without being certain of their authenticity and quality.

To be successful you have to think independently of the majority and stick out from the crowd. Currency trading is safer than other trading methods, but if you want to have an edge over other competitors than try to be wise and research first, study other people’s behavior and choose from them only the best.

You can read Amelies whole article "To Be or Not to Be a Psychological Currency Trader" at http://ezinearticles.com

Stan
Technorati tags: forex, forex trading, forex system, forex strategy
More info for How to avoid making psychological mistakes while currency trading ~ trading forex dengan news:

See where we are! - forex market news mt5

See where we are! ~ forex market news mt5

Look at where the price is at the moment! The price moved above 1.60000 by about 20 pips, came down straight and closed around 1.58385 support. There is nothing better than trading within concrete zones. As I mentioned earlier, the current zone is valid until the daily candle closes either above or below the box. See the current range clearly depicted by M15 chart below.

Happy trading!
More info for See where we are! ~ forex market news mt5:

Forex Trading Incorporating Price Behavior into a Forex Trading System - forex day trading news

Forex Trading Incorporating Price Behavior into a Forex Trading System ~ forex day trading news

By Raul Lopez

Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.

Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) but what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.

There is an important implication on this definition of technical indicators. The fact that the readings obtained from them are based on price action. Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA crossover the long period MA generating a long signal. Most traders see it as “the MA crossover made the price go up,” but it happened the other way around, the MA crossover signal occurred because the price went up. Where I’m trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesn’t want to go up. Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.

Don’t get me wrong here, technical indicators are a very important aspect of trading. They help us see certain conditions that are otherwise difficult to see by watching pure price action. But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.

How to create a perfect Forex trading system? First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used.

Second, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

About the author:
Raul Lopez is a full time Forex trader and founder of http://www.straightforex.com/ a Forex training company.

Article Source: http://EzineArticles.com/

Technorati tags: forex, forex trading, forex system, forex strategy
More info for Forex Trading Incorporating Price Behavior into a Forex Trading System ~ forex day trading news:

Two reasons why I still prefer Blogger when blogging for money - forex trading demo youtube

Two reasons why I still prefer Blogger when blogging for money ~ forex trading demo youtube

In today’s article I’ll attempt to contrast the two blogging sites associated with making money online through the publishing of content; Wordpress and Blogger. Above all I’ll try to build my case as to why I prefer blogging for money using the Blogger site as opposed to Wordpress. But first the tough question; is Blogger in danger

of being swept away by Wordpress?

Word press adherents love underlooking anybody or anything from the Blogger section. They think that anyone using Blogger in the hope of making money online is so yesterday and so must fail in their ambition to make money blogging. They say that newbies who start blogging with blogger are stuck to the materials of 90’s in the 21^st century.

Indeed, a lot of newbies who become aware of Wordpress on their earlier days of trying to make money online as bloggers quickly discard Blogger for Wordpress in the hope  that it marks the beginning of their success as bloggers for money. The Wordpress themes are eye catching and because every newbie reads that to make money online as a blogger you must look professional, they choose to err on the side of caution. They chose Wordpress not knowing its antecedent challenges.

Blogger is fast losing its appeal among those who would love to publish content for money online. It has been said that Wordpress is SEO friendly compared to Blogger and that if you want real success in blogging for money you must pack and leave- Blogger. But I stick to Blogger because I know what I’m specifically after. And as a Blogger devotee everything is falling into place for me. I don’t suffer the siege mentality that is characteristic of most people attempting to make money online whenever they get to know of the Wordpress themes.

You may call this brutal confidence that will make me agonize one day for all the time I wasted on Blogger in the hope of blogging for money. But I’ve got news for you- I’m actually making money online through Blogger. Of course I’m all aware that I can opt out of Blogger anytime if I want to. I’m also quite informed that Google might say enough is enough and leave me in the cold. My alliance with Blogger is not an immutable union with no exist clause.

It is indisputable that the look of your blog is inextricably at the core of your success in making money online. But for me to leave Blogger at this moment would be a mistake. I have approached that late hour when the labor pains are almost commencing and pressing the exit button would be tantamount to aborting an eight month old fetus.

Enough of my yapping let me state the two reasons why Blogger remains my preferred blogging station.

1.      I am not tech savvy

To make money online using wordpress requires a degree of technological knowhow. If you are not good at HTML set up you must get the services of a professional SEO code cracker. Blogger too requires some basics in HTML especially when manipulating the templates but not to the extent of wordpress. That is the main reason why Wordpress turns me off. Looking at their themes I realized that to apply even the less complicated After Morning theme would require the input of a technology guru.

For a newbie who is still new in the game, paying hundreds of dollars to have all the tabs and links in order turns the much hyped means of making money online as a blogger into a nightmare. It is on the aspect of technology that I keep forwarding the argument that Blogger remains the single most justifier of the fact that Google still has the goodwill that the newbie should succeed.

2.      There is much money to be made using Blogger

Blogging for money is the reason we keep publishing articles and professionalizing our blogs. No one wants to be on a site that does not offer returns. It creates the sad feeling of mockery of a deserving effort.  Blogger is hosted by Google and that means that blogging for money using Blogger increases the possibility that you could be accepted into the adsense program.

You cannot run the Google Adsense or Chitika ads using Wordpress and that is the point where I say “Blogger till I die.” To make money using Wordpress you must shift from the free hosted site Wordpress.com to Wordpress.org where you must pay for the hosting services.

Google Adsense is the largest online advertising forum and any platform that does not give you the chance to blog for money using adsense is doing you a disservice. Chitika is another good ad site that any person blogging for money must use. Others include infolink.com, adbrite.com and affinity click. Wordpress uses the Adwords program to run Ads on your site.

So you now know. If you are not the tech savvy type you have no business with Wordpress especially if you are broke and just trying to make money online as a blogger. Also, if your number one reason for blogging is to make money online, you’d rather stick with blogger because it’s the only way you are going to get a Chitika, infolink, kontera  or Adsense account approved.

More info for Two reasons why I still prefer Blogger when blogging for money ~ forex trading demo youtube:

The different ways that the market treats the many types of forex traders - forex trading singapore demo account

The different ways that the market treats the many types of forex traders ~ forex trading singapore demo account

A child plays with fire without the fear of getting burnt. It is only after realizing how hot the fire is that the play stops. As a forex trader you should not be playing with the markets without understanding the degree of its heat. Attempting to do that is like a bird attempting to fly so close to the sun just to see what becomes of it. Its feathers will be burnt out and it will roll down like a stone. Forex trading by and large is about analyzing beforehand the consequences of a trade you intend to execute.

Face the markets with a sense of consequence. The possibility that you will lose everything if you are not careful is never remote. Being careful in this case does not mean sitting on that plastic chair watching your monitor and how the trade works out. As traders the market is a fire that we must interact with. We do not enjoy the luxury of the child who could be confined to a place without fire and grow up without any scars. The only advantage is that in the forex sphere the nature of the burns we suffer can be limited through our habits as traders.

Some forex traders suffer death occasioning burns. These are deadly burns caused about by an account that is wiped out through a single mistake on a single trade. Such traders never recover from their burns and the end result is normally a painful death with blame directed at the forex broker. There are signs that your account is about to suffer such death causing burns-you do not trade your set up which basically translates to you overtrading or probably guessing market directions; or you do not use protective measures such as the trailing stop or the stop loss.

There are some forex traders that suffer mild burns in their accounts. These are the traders who even though they employ their strategies and trade their set ups, they still constantly sabotage the whole trade by using unrealistic stops so that they are constantly locked out of a trade very early in the day and never enjoy the benefits of a long move. Such forex traders are also constantly in doubt about the efficacy of their trade set ups and often enter the trade when the move is almost reversing around. The fear of pressing the enter button holds them captive and by the time of their release the good trade has already left their precinct. The problem with this group is that a series of profits is easily wiped out by a series of losses so that their trading life is always stagnant. Such forex traders accounts tend to suffer a slow but painful death.

Then there are those forex traders who suffer less threatening burns. These are traders who have mastered the markets and know the when, where and how of the market. They have unearthed the beauty of waiting for the right time and always keep to a particular pre determined risk. When they get burnt by the market, the consequence is never dire and within a week or two they are back to their feet and trading for profits once again. You may think that as traders they have a dozen lives but the truth is that these traders have only one life. What keeps them going is simple; they have developed a sixth sense that alerts them of the possibility of being check mated long before they press the enter button for any trade. They understand the consequence and therefore trade carefully. 
If you belong to that first category I may as well spell your destiny as a forex trader; you will end up mourning for your lost capital and wishing you had never interacted with the markets. If you fall in the second category, learn to eradicate self doubt and emotion from yourself. Mastering the markets without mastering yourself is equal to making one step forward and two steps back. Rejoice and be exceedingly glad if you belong to the third category; the forex sphere will be the sweet water well in a desert that never runs dry. The greatest part of all these is that you can choose where to belong.

You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 

------------------------------
Call us today on 0725 050 419 for the best forex trading orientation.

Related Articles
The four questions I ask myself before entering a trade
The markets will be here tomorrow- be patient
Do not ignore the economic calender
Every trade is a loss waiting to happen

More info for The different ways that the market treats the many types of forex traders ~ forex trading singapore demo account: