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Forex trading is an altogether a totally different beast as compared to stock trading. One of the major differences between the forex and stock markets is that forex markets are open 24 hour, 5 days a week while stock markets have fixed timings. For example New York Stock Exchange (NYSE) is open from 9:00 AM to 4:00 Pm. You can only trade stocks at NYSE during this time.

Continuous 24 hour action at the forex markets baffles many new traders. Forex markets have no central exchange. It is an Over the Counter (OTC) market that is spread over various locations in the world.

Now, how to provide a open and close session for each day so that you dont have to sit in front of your computer all day getting yourself exhausted. An ingenious way is to divide the day into three eight hour session.

Further divide each 8 hour session into two 4 hour sessions using a 4 hour chart. This division of 24 hours is logical as there are only three major money centers in the world that have the capacity to move the forex markets.

These three money center that are central to the forex markets are: Asia, London and New York. So by dividing the 24 hours into three sessions we will call each session as the Asian, the London and the New York Session.

Asian Market Session: Sydney, Tokyo, Hong Kong and Singapore are the main cities that participate in this session. Major players are the export corporations and the central banks. Sydney opens and with that the forex markets become alive each day. Most of the price action that takes place in this session is unsustainable and jumpy.

London Session: London is still the forex capital of the world with deep and highly liquid forex market. Paris, Geneva and Frankfurt also are players in this session. The moves that originate in this session are very important keeping in view the amount of money needed to move a market this deep. These moves give you a lot of information about the market sentiments and positions.

New York FX Market Session: New York is second biggest FX market after London. Both of these markets overlap in the morning when New York is opening and London is closing. This is the time for major action.

The following table gives important times of the day that any forex trader needs to know: 00:00 GMT-Sydney Opens. 11:00 GMT-London opens. 15:00 GMT- London becomes very active. 17:00 GMT- London is active and New York opens. 18:00 GMT- London and Europe closes. 19:00 GMT- New York and Chicago getting ready for a close!

This overlapping between London and New York is when major price action takes place and new trends are formed or old trends are reversed. London is the market trend setter in fashion as well as forex.

Forex trading is being called the Recession Proof Business of 21st Century. Forex trading is becoming the best home based business opportunity. You only need a computer and a good internet connection to start trading forex from your kitchen table.

Forex market is quite different from the stock market. The stock market is less liquid as compared to the forex market. Stocks were traditionally seen as long term investments, where people buy stocks or a group of stocks in mutual funds and wait for them to appreciate and build in their retirement accounts.

Forex markets are open 24/5 meaning 24 hours, 5 days a week except on Saturday and Sunday. As compared to forex markets, stock markets have fixed hours usually from morning to evening. After the close of a stock exchange the trading on that stock exchange stops.

Forex trading is a highly liquid market. Most of the participants in the forex markets are either hedgers or speculators. Big institutions are looking for hedging their forex exchange risk whereas small traders are looking for speculating opportunities and willing to take on risk. Stocks are considered to be a long term investment.

In forex trading, you are only dealing with mostly 5 currencies: USD, GBP, CHF, EURO and JPY whereas in stock trading, you have to look for promising stocks among thousands of stocks listed on the stock markets.

Forex trading offers you the advantage of lower trading costs as compared to stock trading. In forex trading, there are no commissions, only the spread between the bid/ask price that you have to pay. In stock trading you have a pay a commission to your broker per trade.

During the year 2008, investors have taken a severe beating in the stock markets. This is the worst bear market after 1929. Even blue chip stocks could not weather the financial storm. Many people lost more than 70% of their retirement accounts during 2008.

There is a bear market in stocks right now. This bear market may take a few more years to recover. On the other hand, forex markets are always bullish. SInce, currencies are always traded in pairs. If one currency loses, the other currency gains.

Daily more than $3 trillion get traded on the forex markets. If you combine all the stock markets of the world, even then they cannot the match the size of the forex market. Forex markets are so huge that even governments and central banks are unable to control them.

Now, most of the people are wondering how they can recoup their losses in the stock market crash and build their retirement accounts again

Learn forex trading. Yes, forex trading is the answer to this recession. It is not difficult to learn forex trading. If you are willing to give two hours daily to forex training, I believe in 2 months, you can become a forex trader. Take forex trading as your passion or hobby. You are not going to regret it.

I have a blog where I give many risk free forex trading strategies. One method that I recommend only cost $149. You can try this method of 60 days risk free. It is the best method to trade forex on autopilot. Once you set your system, you only need to give 10 minutes daily to see how much money you have made overnight.

$11 trillion of wealth was wiped out in 2008. Many small investor simple lost all their saving. They have no clue how they are going to rebuild their retirement plans. Everyday brings new plunge in stock prices.

Investors have become pessimistic and dont want to take the risk of investing in stocks. The stock market crisis may continue for some more years before sanity prevails. People are turning towards forex trading in droves.

Forex trading is becoming popular day by day. Do you know this that there is always a bull market in forex? Forex markets are different than stock markets. One currency goes down, another goes up. You profit from this by buying and selling a currency at the right time.

But for a complete beginner forex trading can be baffling. It takes time to cut your learning curve. Everything new is difficult in the beginning. But with commitment and effort, it becomes easy. Same applies to learning forex trading.

Forex trading can be easy if you first learn how to trade forex on your demo account. You can open a demo account in 5 minutes online. When you feel confident, you can start trading forex live.

What if, someone tells you that you can trade forex on autopilot? Yes, in the last few years, advances in the programming languages has made it possible to develop a robotic script know as an Expert Advisor that can trade forex on your behalf.

Forex robots are technically known as Expert Advisors. Forex Autopilot Turbo is an improved version of Forex Autopilot that has a very good trading record for the last many years. These robots are programmed to trade 24/5 nonstop when the market conditions are favorable.

When you trade forex with a robot, you dont need to sit in front of your computer all the time. You simply install the robot on your Meta Trader Trading Platform. The robot is programmed to take into account 15-20 indicators before it decides to make a buy/sell decision.

You only need to check your account once a day for only 10 minutes to see how much money the robot has made overnight for you. Isnt this method great?

Charles Floyd has been trading forex for many decades. He mentors a club online known as Forex Autopilot Group. He will take you by hand and teach you everything you need to know about forex trading.

Risk and money management is very important for successful trading. Dont risk your capital on a single trade. Its foolish. You need to learn how to achieve more than 100% ROI every month trading forex.

Forex Autopilot Group will teach you all these things. If you join this group, you will be in touch with other forex traders online and learn many new techniques and strategies from them. This group gives you a workable plan for making your first million dollars trading forex in two years.

Do you want to make a million dollar trading forex? If so, than try Forex Autopilot Group risk free for 60 days.

One of the fiercest fires can be the forex market. So read this as your forex trading or stock market trading First Aid Course. Label it what to do in a ‘Fire’ ‘a bad trade’ meaning when a trade goes against you.

The minute you place that trade you become emotionally attached to it, so when it becomes bad it can be difficult to cut that emotion. It is almost like love, if they loved you they wouldn’t do bad or go bad.

So makes a successful trader or a trader that goes broke, the ability to exit. You see successful trader understands that they can’t pick the forex market or stock market 100% of the time.

The successful traders go into the market looking at the worst case scenario and having a plan of exactly where to exit even if it goes against them.

Forex Traders and Stock market traders that go broke have no plan to exit, you most of the ‘losers’ have the view that they get the market right 100% of the time, so they are never wrong so they don’t need an exit strategy. What can be worse than this is they will refuse to exit the trade, and then get caught in downward spiral. Make sure that your broker offers trialing stop losses, here is a great broker to consider or email support@cfdfxreport.com to get the name of this awesome broker.

You have to know when to fold them The exit decision is the most crucial decision of trading. When you explore the above statement it makes sense, you see it determines how much money you make or lose. A good strategy to implement when it is possible, that as soon as the stock moves up say 5% move the stop to break even, this will ensure you are a successful trader. If you are a forex trader, it can be around 20% (depending on leverage). As if the stock moves up and the comes back it maybe that the momentum has shifted. The two most common exit strategies The two main forms of exiting are when you to cut your losses or when to take your profit of the table. The reason you must be able to take a loss, is that if you don’t they may continue to spiral downwards and inflate the losses. This all comes back to your rules and strategies. Letting the profits run can be an equally difficult decision, a strategy that can work effectively is the trailing stop loss, every time the position moves up a certain percentage you increase your stop loss. The benefit of this is that you are not trying to pick the top of the market. No Emotion. No Attachment. Its all in the mind I must reinforce this “The trading game is all about keeping your head and not letting emotion take over”. This is why your trading plan is important, just as important that you have one that suits you and ensuring that you stick to the rules. Cutting loses is never easy, but a small loss is easier to take than a huge loss try and instill this into your mind and it should help. Don’t every have the mentality that it is a small drop, it will come back then I will get out, it doesn’t happen very often. The markets of late would have seen many of these traders be taken out of the market completely. There will always be another trading day. Making sure that you have a plan and the right knowledge is the paramount to your success, if you are looking for top quality education visit our website and view Peters education courses. I must stress these are not our courses, but we do believe they are the best in the market and are only a couple of hundred dollars. This maybe the best trade that you make

Happy Trading