Partnership Services | Sigma Forex

Oct 10, 2008 at 16:40 o\clock

SigmaForex - 4 Simple Steps To Currency Trading Success

Mood: currency trading,trading strategy,forex broker,fx market, sigmaforex,SigmaForex Forecast ,Win An Account,



If you want to learn currency trading the right way you need to be aware that 95% of traders lose - not because they because they don't try, its just they get the wrong Forex education and this results in a swift wipeout. Here, we are going to give you a plan to devise and implement a forex trading strategy for success in 4 simple steps.

1. Accept Responsibility

If you want to make money in currency trading then you need to accept responsibility for your destiny - no one else is going to give you success you have to take it for yourself.

This means no blaming your forex broker, a guru or the currency markets; you are on your own.
That's no bad place to be, as all successful traders in currency trading accept this fact and love the challenge.

If you want to make money in currency trading you can, there is nothing to stop you as everything about successful currency trading is specifically learned.

Don't fall for its easy, its not and with the rewards on offer you wouldn't expect it to be either.

2. Accept These Facts For Currency Trading Success

The most important fact to accept is that currency trading is a game of odds not certainties, predicting the market and scientific theories, and pinpoint accuracy is a lie perpetrated by vendors and they won't give you success.

You're like a successful card player simply playing the high odds but instead of hands their trading opportunities.

You bet big when the odds are in your favor and fold when there not it really is that simple and it will make you a lot of money, if you do it correctly.

Accept that you have to have confidence in what you are doing (which comes from self education and knowledge of your personality) this then gives you the discipline to follow your currency trading system.
Of course - If you can't follow your currency trading system with discipline, you have no system in the first place!

Markets can be frustrating and you have to wait for the right opportunities but you can win, if you get learn currency trading the right way.

Now lets look at your method for currency trading success.

3. Your Currency Trading System

Building a trading system should be based on the following points and if you work smart and get the right knowledge, it should only take you a couple of weeks to master the basics and have a robust forex trading system that can get the odds on your side.

1. Use a long term trend following system

2. Learn about support and resistance and the timeless method of breakouts - if you don't know what they are read our other material.

3. Confirm any trading signal you execute with momentum oscillators, this is the key to getting the odds on your side, if you don't trade with momentum you're not trading the odds.

4. Employ a money management system that ensures you have clearly defined get out area when you enter a trade for both losses and profits

 

SigmaForex Forecast And Win An Account

Get A Free Real Account

Through Sigma indicators you can forecast the upcoming prices of the pairs & get a chance to win a $ 50 live Sigma account.

For participation please select the pair that you are predicting for it, then fill in the following form & don't foreget to write down your

forecasted price.

Sigma Forex encourage the clients to study and analyze Forex Market by giving them more promotion and more chances to begin trading at

Forex Market.

    * First: Choose one pair from the platform.

    * Second: Try to use Technical And Fundamental Analysis to predict Friday's closing price for this pair.

    * Third: Write down in an email the following data:

                                                                            1) Your Telephone Number

                                                                            2) Your First and Last Name

                                                                            3) The Choosen Pair

                                                                            4) The Predicted Price

                                                                            5) Your E-mail Address

    * Fourth: Send this emails at forecast@sigmaForex.com If at any time you need assistance please click on the Live Chat button on the right menu and one of our customer support staff will help you through the process.

Oct 10, 2008 at 16:34 o\clock

SigmaForex - 10 Forex Trading Essentials

 

 

These 10 Forex trading essentials are a high-level peek at the pitfalls that catch many traders. Compare your trading style with these simple fixes and if you are not employing some or all of them, you are placing yourself at a higher risk level.

1) Increase your time perspective - If you are not a well seasoned Forex trader, you shouldn't even look at a price chart of less than 60 minutes. The randomness of the normal transactions which occur in Forex will distort your judgment of the true picture. Use longer time frames, such as 60 minute, 4 hour and daily charts when planning your trades.

2) Reduce your position size to 5% Maximum - Having more than 3 to 5 percent of your trading capital on the table is a major no no. High leverage makes it very easy to get in away over your head. This combination snares many traders and can rapidly destroy your account. You need to have the ability to ride the volatility waves common in Forex.

3) Give your trade time to work - You can only use this option effectively if your position is sized safely... as per 2) above. Prices will fluctuate dramatically in Forex, and you need to be sure that a loss really is a loss before you close a trade that is moving against your plan. A 30 pip stop loss will often kick you out of a trade, just as it's about to turn in your direction. You need to allow for larger price swings... if you have determined the major price trend, be patient and let the odds work in your favor.

4) Reduce your dependence on technical indicators - Due to the fact that technical indicators get their data from past events, the reality is they have no ability to predict the future. Pro's that enjoy success using these indicators, often profit from the knowledge of how the masses are likely to react to this data, rather than the information itself. You need to determine the major trend (a simple moving average will show you this) and hop aboard. Use a longer time frame, as in 1). The largest players in Forex rely about 25% on technical indicators when making their trading decisions.

5) Trade only one or two currency pairs - And stick to the majors... not the crosses. Currency prices are driven primarily by fundamental data. In order to anticipate what is likely coming down the road, you need to follow some basic data for each of the countries involved. Trading too many currencies will make it difficult to keep up to date. There is equal opportunity to profit from each of the pairs, so wait until your experience level has matured and the information tends to sink in without as much effort on your part before you start to trade more currencies.

6) Average in and out of your trades - If your trading account is less than $50,000 have your broker enable mini-lots for your account. This will allow you to average in and out of your trades... a great way to add more flexibility to your account. If this applies to you and your broker doesn't offer mini lots, find a new broker... this is an important need to do.

7) Follow the data for your currency pair(s) - Know what data is pending for release. Volatility often increases dramatically when these releases occur. The safe strategy is to exit your positions prior to major releases... this is the way many of the larger accounts handle these situations. Data releases can often cause a change to the trend. Take them seriously.

8) Determine the trend and get aboard - As with any type of trading, the safest bet is to determine which way prices are trending, and then trade in that direction. You don't need anything fancy... a simple moving average on your candlestick chart is sufficient. Zoom your chart out to be sure you have the big picture. Compare where the price is now, relative to where is has been for a significant amount of time (at least a month). Use caution if the current price is near upper or lower extremes, as there may be a trend change once that extreme is reached.

9) Know when to take a profit - A winning position can quickly turn into a loser if you set your sights too high. Don't be afraid to take your profit - or a part of your profit at 20 or 30 pips. The price waves in Forex make it ideally suited to averaging into and out of positions by using multiple entry and exit points for each position. This is exactly where your mini lots can help! The benefit of spreading out your position is that your overall risk is reduced.

10) Stop listening to "Gurus" - Don't fall into the trap of believing everything, or even most things, you hear. The trading world is overflowing with gurus only too willing to offer their opinion on the future. It will only be an opinion, nothing more. They may seem to have convincing data, but trust your own brain. You need to weigh the economic data from your countries... that is what drives currency prices. The enormous size and nature of Forex ensure there is no insider information. You have access to the same data as everyone else in the game. In time, your own instinct will guide you to your goals, and that is what you need to trust.

Sigma Forex is  leading European professional online trading Brokers registered in the Switzerland and most of the EU countries. It was founded by professional private investors including (banks, traders, brokers, and software developers), which enabled Sigma to identify the essential needs of the Forex participants from the start.

Since 2003, Sigma’s aim has been to provide the best, powerful and most suitable currency trading technology along with superiority in execution, competitive services, and dependable customer service. Over the past years, Sigma has quickly become one of the world’s leading online retail currency trading institutions, providing integrated global trading systems, analysis techniques and the most reliable and sophisticated online trading software. We offer internet trading through Meta Trader. This trading platform is very stable and reliable. It is highly regarded and very popular among traders.

Sep 26, 2008 at 15:53 o\clock

SigmaForex | Foreign Exchange is a Good Market to do Trades



Forex or Foreign Exchange trading these days has become a huge industry for online trade investors. It is a very profitable arena to do trading, and huge companies are not the only ones given the advantage, but many independent individuals can now take on the market through the Internet.

Foreign Exchange is a good market to do trades as there are minimal costs. There are no middlemen involved and one can easily do direct trades with the market responsible for the pricing of currencies. This means there are no more commissions that you have to pay.

In Forex trading, there are no clearing fees, government fees or brokerage fees that you have to take care of because brokers in this market are compensated for their services through a bid-ask spread.

In Forex trading, a small margin deposit is able to control a larger value for total contract. Through this leverage, the trader can make a lot of profit, while keeping minimal risks.

Foreign ExchangeA good example of this is when brokers in the Foreign Exchange offer a 200 to 1 leverage, because with a 50 dollar margin deposit, a trader could buy or sell 10,000 dollars worth of currencies.

Without proper risk management, there is a huge chance for you to experience significant losses along with significant gains.

Due to the fact that the Forex industry is the largest market today and because so many parties have gotten involved, liquidity has become quite prevalent in this market.

It is very unlikely that you can ever get stuck in a Forex trade. Under normal market conditions, one can easily do trades at will with just a simple click of the mouse. In Forex trading, you can have more freedom to automatically close your position when you have reached your aimed profit level just by setting your online trading platform.

There are many advantages in doing Foreign Exchange trades online. If you are interested in investing then the Forex market may be one area to consider.

sigma Introducing Broker

 

Expand your business and revenue potential while offering your referred clients the highest available level of service and support.

Sigma’s Introducing Broker Program allows individuals to receive remuneration for directing new clients to Sigma.

Refer new self-directed or managed account clients to Sigma and make easier the account opening and funding process. In return, Sigma provides all of the essential tools and resources you need to launch and manage a successful IB operation.

We are committed to delivering the highest levels of service and a quality product offering to help you grow your business.

Sigma provides an array of services and as an Introducing Broker, you and your clients will benefit from:

Sophisticated trading platform

Our trading platform feature quality execution capabilities as well as advanced and easy-to-use order entry and position management tools, all in a secure environment. A full suite of decision support tools, from charting to research, news and more, are also available to clients free of charge.
Furthermore, our software, service, and execution is second to none.

Account for all levels of experience

Your clients will be able to organize their trading account according to their needs and their experience level and risk appetite. Sigma is best suited and ideal for experienced traders and individual investors.
Unique Product, is the only firm to offer competitive spreads and zero commissions and zero swaps

Dedicated back-office support

Sigma supplies complete back office services.
Sigma’s Partner Services team is dedicated to providing Outstanding Compensation and full account management support to our IB clients. As part of our service, Sigma provides all IB partners online access to our proprietary reporting tool, allowing you to closely monitor referred account volume and revenue. Our customer support is 24 hours, customers may fund around the clock.

For more details contcat

Sep 26, 2008 at 15:48 o\clock

SIGMAFOREX | WHAT IS FOREX?

 

 
 


Foreign Exchange (FOREX, FX) Market is not a "market" in the traditional sense. In fact, it is the nearest to "perfect market" from economics perspective. There is no centralized location for trading as there is in futures or stocks. Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide. Foreign Exchange is also the world's largest and deepest market. Daily market turnover has skyrocketed from approximately 5 billion USD in 1977, to a staggering 2.5 trillion (and more) US dollars today. This is more than 100 times the daily turnover of the NASDAQ. Most foreign exchange activity consists of the spot business between the US dollar and the six major currencies (Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar).

 

The FOREX market is so large, and is hosting so many participants, that no single player, governments included, can directly control or make any significant influence over the direction of the market. That makes the FOREX market the most exciting market in the world.
Central banks, commercial banks, international corporations, money managers, speculators, and private individuals - all involve in FOREX trading. Foreign exchange (FOREX) is the trading of contracts of currency pair exchange rate. It is a NON-DELIVERY trade, which means that there is no physical transaction of currencies, but it is rather an agreement, or "contract" (FOREX DEAL), to trade specific volume of a pair of currencies at an agreed exchange rate.

The magnitude of such FOREX trade is that, in order to make the deal, only a proportional amount is needed (the COLLATERAL, or the MARGIN). Thus, if the currency pair exchange rate has changed by some percentage, the value of the MARGIN invested would accordingly change, however - in a much higher proportion. In fact, the actual change onto the Forex trader's investment (the MARGIN they deposited), will be the nominal change occurred to the exchange rate, multiplied by the MARGIN ratio (the leverage). For example: a FOREX DAY-TRADING deal has been made, for buying EUR100,000 against USD, on an exchange rate of 1.2500. The MARGIN required for this deal (offered by the FOREX Trading Platform) is of a ratio of around 1:100. Accordingly, the trader invests only USD100. After a few hours, the exchange rate went up to 1.2620. This is an increase of 0.96%, quite normal for the global Forex market. However, thanks to the MARGIN ratio, the trader's investment went up by 96% (since a leverage of 1:100 has been used)!! Remember, that happened in less than a day! Same could happen in the opposite direction, however - the traders cannot lose more than their original MARGIN deposited. Note that the Forex trader may choose the direction of his deal (for example: either to BUY-EUR or to SELL-EUR in a EUR-USD deal), hence may profit (in case he was right ...) when the EUR goes down.
The Forex market offers today FOREX trading not only in MAJORS (the leading world currencies) but also in many other currency pairs (including exotic, gold and silver, etc.).

Sigma Money Manager

Elevate the quality of your trading, Money managers trading pooled or individual client funds benefit from Sigma’s trading and administrative tools and services.

With preferential rating access to Sigma’s research staff, sophisticated trading platform and reporting tools, Sigma’s money manager solution is one of the most competitive in the marketplace.

Sigma provides a dedicated team of account management specialists to provide ongoing back-office support, and help reduce your administrative responsibilities.

Highly developed trading platform

Our trading platform feature quality execution capabilities as well as advanced and easy-to-use order entry and position management tools, all in a secure friendly environment. A full suite of decision support tools, from charting to research, news and more, are also available to clients all for free.

Characteristic tools

Our proprietary tool offers money managers a comprehensive and efficient way to manage pooled customer funds and track portfolio performance. Accessible online, the system automatically journals percentages of your transactions from your Master account into your client's sub accounts at the close of each trade.

We also support the needs of money managers who wish to execute trades and place orders on a per account basis. Reporting capabilities are available directly within the application, as well as real-time margin and P&L.

Back-office support

Our Partner Services team is dedicated to providing full account management support to our money managers and your clients. Our customer support is 24 hours, customers may fund around the clock. Sigma’s Partner Services team is dedicated to providing Outstanding Compensation and full account management support.

For more details contcat

 

Sep 26, 2008 at 15:28 o\clock

The Importance Of Learning Currency Trading Before You Trade | SigmaForex

 


Though the majority of people have heard of Forex trading, relatively few people understand precisely what it is and will almost certainly think that it is something just for the ‘big boys’. Nothing could be farther from the truth and a growing number of people of fairly modest means are joining in.

There are literally hundreds of world currencies but only a few of these are traded on the Forex (FX) market which concerns itself in the main with seven major currencies. Forex trading is the buying and selling of these currencies in pairs so that you might for example buy US Dollars by selling Australian Dollars. The idea is to buy a currency when it is at a low price and then to sell it once the price rises so that you make a profit. This of course sounds easy but, in reality, it is not quite as simple as it sounds and you will need a reasonable amount of knowledge before you venture into the market.

The FX market is the world’s largest financial market and operates twenty four hours a day around the globe, which might explain why so many people are attracted to it. In the past trading currencies was very much the realm of the major banks and financial institutions but now even private individuals can try their hand as long as they do so through an accredited broker.

Thus, if you are interested in getting in on the act then your starting point needs to be to look for some education and either find yourself a good Forex training course or start by apprenticing yourself to a seasoned trader.

It is crucial that you understand the operation of the currency market before diving in as it is a volatile market with few barriers or boundaries and it is easy to lose your shirt if you do not know what you are doing.

You will need to begin by understanding trading psychology because even the best traders both make and lose money as the market rises and falls and it can be a rough ride at times in both financial and mental terms.

You must also master the tools of the trade like charting and mapping which are performed nowadays using some quite sophisticated software. Like most software the results you get back are very much a product of the data that you feed in and it takes time to learn to use these tools.

Forecast And Win An Account

Get A Free Real Account

Through Sigma indicators you can forecast the upcoming prices of the pairs & get a chance to win a $ 50 liveSigma account.

For participation please select the pair that you are predicting for it, then fill in the following form & don't foreget to write down your
forecasted price.

Sigma Forex encourage the clients to study and analyze Forex Market by giving them more promotion and more chances to begin trading at 
Forex Market. 

  • First: Choose one pair from the platform. 
  • Second: Try to use Technical And Fundamental Analysis to predict Friday's closing price for this pair.
  • Third: Write down in an email the following data:

                                                                            1) Your Telephone Number
2) Your First and Last Name
3) The Choosen Pair
4) The Predicted Price
5) Your E-mail Address

  • Fourth: Send this emails at  If at any time you need assistance please click on the Live Chat button on the right menu and one of our customer support staff will help you through the process.