For those interested in trading the FOREX markets, one of the most important things you’ll need is a Forex Trading System. The Xyber9 software produces forward looking forecasts for most of the FOREX market Symbols. Our weekly forecasts are produced at least a week in advance of the real-time market movements. To gain access to our forecasts and to see how they can work for you real time, click here to become a member.
Forex Trading System: The Advantages of the Currency Markets
The Forex markets can be a very exciting opportunity for anyone tapping into the overwhelming entrepreneurial opportunities available by trading the currency markets. Trading the Forex markets can provide an opportunity that other markets cannot provide. Forecasts from Xyber9Trends can help guide your trading decisions because our forecasts provide the direction and duration of the weekly market movements.
The Forex markets are made up of the largest international banks. Their basic function is to offer a sustainable and reliable platform for trading currencies for buyers and sellers, typically during a 24 hour day, with the exception of weekends and holidays. These institutions in the foreign exchange market determine the basic values of varying currencies. Currencies are traded against one another in pairs with each transaction involves two currencies. The US was involved in over 87% of transactions, followed by the Euro with roughly 33%, the Yen near 23%, and the Sterling at roughly 11%.
There are advantages to trading the Forex markets such as:
- Trading Volume
- High Liquidity
- Worldwide Dispersion
- 24 hour per day Trading
- Low Margins
- Leveraging to Enhance Profits and Loss Margins
Currency trading takes place continuously all day; when the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session. When compared to fixed equity income the leverage in the FX markets offer a tremendous opportunity, especially when using very accurate Xyber9Trends forecasts as a powerful Forex trading system to guide to future market direction.
The foreign exchange market is the most liquid financial market in the world. If we compare the Forex markets to the equity markets, we find the Forex markets liquidity unsurpassed. S&P futures contracts trade roughly 13,000 contracts per minute during peak hours, which provides most of our subscribers the tremendous advantage to engage in instantaneous order fills, regardless of the numbers of contracts traded. The Forex markets, being the largest publicly auctioned market in the world, with over $5.3 trillion exchanged per day provides all traders the opportunity to engage in trading with the “Big Boys”. So having an accurate Forex trading system is invaluable when these markets.
Forex Trading System: Inside Tips
- We at Xyber9Trends would suggest that anyone thinking of trading the Forex markets should participate in simulated trading, while using our forecasts in order to get comfortable with trading these markets and to start building your Forex trading system.
Why Xyber9Trends: We are the only product in the market that provides future forecasts, any time or any day, for all the currency symbols in Forex markets. Knowing the direction for a future 6 – 9 day period is a piece of information that most traders would like to know in order to have confidence to trade these markets.
- It is very important to have a Forex trading system in order to have the possibility to be successful in this market.
Why Xyber9Trends: The Xyber9Trends forecasts provides this help by offering our forecasts that provide market guidance. Our forecasts can help our clients to make better informed decisions that can lead sustainable trading returns in the Forex markets.
- Many Forex traders scalp trade these markets, which means a trader takes positions for very short periods of time.
Why Xyber9Trends: The Xyber9Trends forecasts provide the direction bias for which direction the trader scalps his trade.
- The leveraging at many times the par price offers a great opportunity to use smaller amounts of invested dollars to earn large returns, providing the trader understands that leveraging can equate to large losses.
Why Xyber9Trends: Most of our subscribers who trade the Forex markets understand that a Xyber9 forecasts provides directional guidance, where these traders design a Forex trading system that accommodates the forecast direction, targets and stop losses that encompasses the trader’s risk tolerance.
- Any trader who manually executes all their trades for the FOREX currency pairs should be aware that your Forex trading system needs to take into consideration risk, reward, trade duration, volatility, liquidity and exposure.
Why Xyber9Trends: The Xyber9Trends forecasts provide guidance into the future based on scientific proven theories, which suggest a directional bias for your trades.
- The world’s currencies will react to Global shocks and anomalies.
Why Xyber9Trends: The Xyber9Trends programs filter these shocks.
- Forex markets intra-day and intra-trend price movement can be volatile. It is this volatility that requires a trader to be cognizant to strictly following their trading strategy.
Why Xyber9Trends: Most of our successful FOREX subscribers will always include a stop loss targets. Many of our subscribers scalp trade the currency pairs, which essentially means to take profits quickly and re-enter again in the direction of the forecasted trend.
FOREX Trading System: Lessons from the Street
- As a Forex trading system, some Forex traders will use trailing stop strategies, along with their stop loss target. Trailing stops will allow winning trades to encapsulate larger profits during a trend, while limiting losses to a predetermined stop loss. Once the market moves in the right direction during a trade, the trailing stop will not allow that trade to take a loss unless the parentage of the allotted retracement price falls below the entry price. The strategy will then exit the position at a predetermined percentage below the current price movement, but above the original entry price, consequently not involving a loss.
- Many of our subscribers include in their Forex trading system the ability to compound the number of lots they are trading. As profits or losses are realized, the trader will increase or decrease the number of lots being traded in order to remain within the risk / exposure parameters set by the user.
- It is important to remember that if a trader increases the number of lots they trade by using profits earned in their trading account, and based on the margin requirements, the number of lots gained will not create any increase in risk to their trading.
- Xyber9Trends Forex forecasts can be used during all sessions, or limited to a single session based on the user’s tolerance for risk or margin requirements. Smart traders utilize a Forex trading system that continuously monitor trades, trend changes, targets, trailing stops, breakeven stops and stop losses. Most traders will use an indicator to enter positions such as a two line moving average. All the trader needs to know at that time is, is the market moving in the right direction. Our forecasts can help with that decision. There are many indicators that can be used to determine the best place to take a position. Most experienced traders know when to enter; it is the direction that Xyber9Trends provides that can lead to successful trading.
FOREX Trading System: Recommended Trading Platform
We at Xyer9Trends endorse the trading platform TradeStation because we have used this platform since 1997 and are very familiar with all their tools. This trading platform allows our users to sign up for free and use the platform in test mode (simulated trading) in order to best design a comfortable Forex trading system using the Xyber9Trends Forex forecasts for the Forex markets.