Also professionalstocktraderlive.com run an excellent service teaching you how to day trade and become a consistantly profitable trader. They charge less than the cost of a tank of gas a month and they are for so honest and for real that they post the results of their day trading lessons every day on their website. Ask any one else for their results and see if you get them! I joined them 6 months ago and havent looked back.

Good luck to you, and wish you the best!

I haven’t seen a solution to capturing and recording actual prices for the past X time periods. You can dowload the data from piptrader.com.

A better solution might be to have a programmer crank out an EA for you that would do that for you. (I am surprised that the solution that you are using didn’t think of that as part of their application rather than request you to enter 10 sets of data into a calculator).

I pretty much accomplish the same thing by simply monitoring a couple of moving averages and watching for them to to cross and both maintain a steep angle. This indicates the possible beginning of a reversal.

I would be happy to send you a summary of the moving averages that I use and how I use them. It might be interesting to compare this to the signal that you are getting from your K-F calculator……and it is free.

Paul

4X is short for "Foreign Exchange", which also trades currencies/money.

There’s a very old – yet true – saying:
You get what you pay for!

I HAVE a Global-Tec product – WizeTrade. Its for stocks.

4X Made Easy is another software program offered by Global-Tec Solutions.

BUT its not only the software which I love – its the following:
1] Computer-generated, subscriber-supported television programming for 12 hours each business day.

2] This programming also has On-Demand training – as well as other wonderful features – including chart evaluation.

3] A WONDERFUL network of User Groups – throughout the U.S. and around the world!

4] We have a members only trading chat room.

5] We have monthly meetings at various libraries. We learn from each other. What to do and what not to do. AND HOW to do it!

I could go on and on. I MIGHT get reported for SPAM, BUT in this particular instance, I’m not typing anything which isn’t true.

Its ALL TRUE!

Is there a software program out therre which is less expensive? I’m sure there is, but I’m happy with the program I’m currently using AND there are other members of our trading group who use other GT products. I don’t hear anyone complaining.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

Its simple, just open a forex account with any forex broker, and you can enter a sell trade. You don’t have to own the currency first. You are selling short, which means you’re essentially selling an IOU to deliver the currency later. You then close that position by buying euros.

I suggest you check out a website called:
http://www.babypips.com

Click on the tab that says "school", and it will walk you through all the steps to start trading currencies. Just be aware that its very risky so only trade with money you can afford to loose.

There is also the risk factor for the accounts. With futures and options you can get margin calls that can wipe you out. If you get caught in a bad trade not only do you lose the money in the account but you may have to come up with a lot more from your pocket. It can be very risking, but not in Forex. Worst case scenario you could lose what’s in you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day and leave it alone. If market takes a bad move and you weren’t there. OOOPS. But that wouldn’t happen with a smart trader.

Then there are the demo accounts which are an account where you can trade using all the right things, platform, charts, and information. But you are using play money, or what we call paper trading too. Plus with Forex you have a mini account. Instead of needing thousands of dollars to get into it, you can open an account with as little as $300.00. Now of course you will be trading at 1 tenth of a trade. IN other words you controlling 10,000 instead of 100,000.00 these are call lots. Which also means you will only risk 1 tenth too!

So if you would love to learn to do investing and not have near the risk you really need to take a closer look at Forex trading.

Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as Forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful Forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It’s very necessary to mention here that a person who invests in Forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful Forex traders and other traders.

http://money–market.blogspot.com/