Recommended FX Trading Learning and Study Materials

Recommended Tradining Materials from the Online Trading Academy

Home Study Videos and E-Books

Professional Trader Plus DVD Library Part 1 Online Trading Academy is delighted to announce that the first 3-day section of the famous on-location 7 day trading fundamentals course is now being released. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education.

Professional Trader Plus DVD Library Part 2 Online Trading Academy is delighted to announce that the second part of the famous on-location 7 day trading fundamentals course. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education. This second, continuation of the course is approximately 28 hours over the last 4 days in 16 DVD’s.

Introduction to Day Trading Video This award-winning interactive CD allows you to learn trading at your own pace, starting from the ground up. Interactive quizzes at the end of each section allow to test your knowledge and determine what you need to focus on.

E-Book: Electronic Trading Guide for NASDAQ, Level 2 A manual to teach investors how to electronic trade the NASDAQ using the now popular Level 2 screen. This manual is designed to get right down to business and is followed closely in our Professional Trader courses.

Home Study Value Packs

The Ultimate Professional Trader Plus CD Library Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package! Order all of our trading education CDs at an astonishingly low price! Get the education you need to increase your trading profits!

Professional Trader Value Pack for Direct Access Stock Traders Receive over 30 hours (16 CD’s) of our best direct access trading education in one package! Our new trading value pack focuses on the core aspects of direct access stock trading. A great place to start your trading education!

Professional Trader Education Value Pack for Emini Traders Receive 15 hours (9 CD’s) of high intensity Emini trading education in one package! From core trading techniques applicable to all types of trading, to Emini-specific training, this 15 hour value pack has what you need to learn Emini trading at it’s best.

Professional Trader Education Value Pack for Forex Traders Receive over 15 hours (8 CD’s) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.

Professional Trader Education Value Pack for Options Traders Receive over 16 hours (9 CD’s) of our best Options trading education in one package! From our beginner to our more advanced courses, this package will work synergistically to increase your trading knowledge and propel you to trading success.

Trading on Target Home Study Course Developed over a 14 year period by an expert Trader’s Coach, this program gives step-by-step solutions to problems that traders have with discipline. Includes CD’s, Videos, Audio Tapes, Workbooks and Hardcover Books.

The Complete Trading Education Package Completely revolutionize your trading education with this combination of The Professional Trader CD Library (24 CD’s / 38+ Hours) AND the Trading on Target Home Study Course! (Includes CD’s, Videos, Audio Tapes, Workbooks and Hardcover Books.)

Professional Trader Plus DVD Library Part 1 Online Trading Academy is delighted to announce that the first 3-day section of the famous on-location 7 day trading fundamentals course is now being released. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education.

Professional Trader Plus DVD Library Part 2 Online Trading Academy is delighted to announce that the second part of the famous on-location 7 day trading fundamentals course. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education. This second, continuation of the course is approximately 28 hours over the last 4 days in 16 DVD’s.

EMini Trading Home Study Courses

Professional Trader Education Value Pack for Emini Traders Receive 15 hours (9 CD’s) of high intensity Emini trading education in one package! From core trading techniques applicable to all types of trading, to Emini-specific training, this 15 hour value pack has what you need to learn Emini trading at it’s best.

E-Mini CD 1 – E-Mini Derivative Futures Get more bang for your buck through the leverage of E-minis! Mike McMahon takes you through the ins and outs of trading this highly liquid financial instrument.

E-Mini CD 2 – E-Mini Derivative Futures Once you understand the “mechanics” of the E-Mini’s, you are now ready to step up to the actual trade plans and begin making REAL money! Use these advanced strategies to leapfrog you to the next level!

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Forex Trading Home Study Courses

Professional Trader Education Value Pack for Forex Traders Receive over 15 hours (8 CD’s) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.

Forex CD 1 – The Fantastic World of Forex Learn Forex Trading from a pro with this Brand New CD – by Mike Mc Mahon – pips, leverage, which currencies to trade – it’s all here!

Forex CD 2 – Advanced Forex Trading Strategies Learn the more advanced Forex Trading techniques from a pro with this Brand New CD – step-by-step instructions through high probability entries, exits and the necessary stops to give you maximum profitability and capital preservation.

Technical Analysis for the Professional Forex Trader CD (Part 1) Learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Forex Trader CD (Part 2) Learn to use Support & Resistance in combination with proper Trend Line drawing to mark on the high probability Entry/Exit. You learn how to “Stay In” a trade as we explore continuation patterns and the use of Moving Averages.

Technical Analysis for the Professional Forex Trader CD (Part 3) Learn to use Technical Indicators for the trading of Forex. We will explore their proper use and evaluation and dispel many of the bad beliefs many have been given by the “guru’s”.

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Options Trading Home Study Courses

Professional Trader Education Value Pack for Options Traders Receive over 16 hours (9 CD’s) of our best Options trading education in one package! From our beginner to our more advanced courses, this package will work synergistically to increase your trading knowledge and propel you to trading success.

Options CD 1 – Opting for Options Trading Get introduced to the flexible world of Options trading and how to use them to manage risk in your trading.

Options CD 2 – Understanding the Greeks Get the real story behind the “Greek” letters and how they affect options!

Options CD 3 – Mastering Options Volatility Volatility in Options Trading is singly the most important aspect when calculating a high probability profit. In other words, master this concept, and watch your trading account increase!

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Stock Trading Home Study Courses

The Ultimate Professional Trader Plus CD Library Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package! Order all of our trading education CDs at an astonishingly low price! Get the education you need to increase your trading profits!

Professional Trader Value Pack for Direct Access Stock Traders Receive over 30 hours (16 CD’s) of our best direct access trading education in one package! Our new trading value pack focuses on the core aspects of direct access stock trading. A great place to start your trading education!

Advantages of Direct Access Trading with NASDAQ Level II CD This CD is a must if you want to understand the New Tools of the Trade and the problems the common investor or Online Electronic Trader are faced with.

 

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

8 Key Times of the Market Day CD You will learn when to be in the market and when it is more profitable to stay out.

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

Learn To Think Differently CD – How to Profit from Market Trend Changes Profit with contrarian indicators by identifying market tops and bottoms.

Short Positions – How to Trade Profitably by Going Short Most traders go long quite often – but in a flat or bear market, knowing how to go short will spell the difference between success and failure!

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

6 Psychological Biases CD – Who are you really? One the biggest causes of trading failure is a lack of understanding of what drives each of us to act in certain ways. This course will help you explore why, what and how to overcome these “pitfalls of the mind”.

Mastering Nasdaq TotalView Data System CD (Part 1 & 2) Learn how the new cutting edge TotalView system can help you enhance your trading results.

Power Trading in Globalization 3.0 CD This excellent CD will show you a true perspective on the chaotic world of finance, debt bubbles and how to protect yourselves, loved ones and finances.

Broad Market Analysis With Fernando Gonzalez Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez and Mike Mc Mahon in a key educational CD that will show you how to analyze the big picture of the market and how to continually adapt yourself and your trading to it.

Mind, Method and Market With Mike Mc Mahon Discover how to overcome personal characteristics and “hard-wire” successful responses in your trading. Controlling your emotions is a huge part of trading success!

Start Trading FX Financial Trading Center

We’re proud to be able to offer you access to some great financial training materials. We’ve been talking with the Online Trading Academy, who run free seminars and have great free resources.

They’ve set up some information for our readers here:

Spreadbetting in the News – FT article

The FT today (14 March 2008), had a supplement solely devoted to spreadbetting.

Sponsored by the key players in the UK at the moment from CMC, to GNI Touch, it highlights some good points.

Remember to always consider advertising articles as biased, but they still provide useful insights into what’s going on and what’s available.

Spreadbetting, CFDS, and Contracts for Difference. Here to stay in the UK.

US Dollar falls to record low

The US Dollar fell to record lows yesterday (13/3/2008), gold touched $1000.

What’s driving the move?

The global markets are volatile, and the gloom of recession is building. US sales figures confirmed that recession is happening there already, which coupled with the US housing / credit crisis makes the economic situation for the US look very weak to many people.

Key Level notes:

  • the USD tumbled against the Yen through Y100 (1st time since 1995)
  • Euro moved to a record high of $1.56

What next?

There are rescue plans being discussed in congress to put forward $300bn loans to help the mortgage crisis, as well as calls for reduced dividends from banks…

But where will the market go… who knows.. clearly people are worried by the volatility, but in those situations there are profits to be made for good traders.

What is a CFD or Contract For Difference (CFDs)

What is a CFD, we all here about CFDs and CFD trading, but what is a Contract for Difference, find out in this inrtoduction

Introduction to CFDs / Contract for Difference

What is a CFD?

CFD or Contract for Difference is an agreement between two parties to exchange, at the close of the contract, the difference between the opening price and the closing price, multiplied by the number ofreference shares specified within the contract.

The ‘reference shares’ are the underlying shares specified in the CFD. The economic performance of a CFD is determined by the performance of the underlying reference shares.

Although CFDs replicate the price movement of the underlying reference shares, they convey no right or requirement to acquire or deliver the physical shares. (i.e. you don’t actually own the shares)

The contract value of a CFD is defined as the number of reference shares specified in the contract, multiplied by the price of the underlying reference share. If you take a long position, you will make a profit if the contract value increases. Conversely, if you take a short position, you will benefit if the contract value falls.

You can, therefore, profit from both rising and falling share prices. It is important to note that CFDs are a margined product and as such are not suitable for all investors. Due to the leveraged nature of the product you may loose far in excess of your initial investment.

You can find out more about CFDs at www.StartTradingCFDs.co.uk

2008 – Recession, Bounce Back or something else…

As we enter the end of Q1 2008, the rumours of a coming recession are heating up, the Big Squeeze / Credit Crunch.. what will be next

So with all the bad news providing an element of fear amongst the general public, and “unexpected” losses appearing out of the blue.

So what will it be like trading in this environment?

Well no one knows for certain, and that leads to a general view that things will be more volatile, many people will be thinking defensively, but that also leads to others trying to take contrarian views to get larger gains.

Cost of Funding / Leverage?

In volatile markets, the need for greater resources to handle short term movements, margin calls, and cash needs is even greater. Couple this with good risk management and clear strategies.

If you want real world examples where this broke down look at Northern Rock (their funding model failed, and then all their leverage fell through), and SocGen’s “rogue trader”.. is really an example of risk controls failing at a catastrophic level.

Short Term / Long Term?

If you are a short term trader.. then you stay watching the news, markets and short term indicators, if you’re in it on fundamentals for the long term, then now is a good time to really think about what you know and what you know you don’t know.

Logic / Not Emotion..

And as one head of trading said the other week – “I want you all to be a bit more Vulcan.. that’s right.. I want a 100 Mr Spocks” – in short now is the time to be really on the ball, and then you can do well, but you have to be using your head. Many will be losing their shirts and as our favourite mentor says.. “Are you the rabbit?”

How to Trade without losing any money ever

Trade Online.. and never lose money they claim..How can this be possible? Let us show you the only way we know how..

We all read the stories of people losing millions trading the markets (or recently the Socgen losses in the billions) and in recent times (2007 Oct – the losses in the “Credit Crunch” are Billions of pounds.. it boggles the mind. Ok so it’s clear, you can lose a lot of money if you don’t know what you’re doing.

On the flip side, we hear of traders earning vast sums, and the excesses of the city. So what is reality? and how can you get the good without the risk. Well here’s one solution.

So are you ready now to let us show you the how you can learn to trade without losing any money.

The secret is simple: Don’t trade with real money!! We told you it was simple.

Most only trading companies have great free games and trials where you can trade, with all the fun, excitement, and experiences of the real world onlne trading platform. They are often a 100% free, and don’t usually require you to send in any paperwork or give you credit card details (if they do we’d recommend you check the fine print very very carefully – after all why would they need these details?) So then you can learn to trade and all without risking any real world money.

As with many things in life, you can only become better through hard work and practice, (unless you’re a natural genius, which many of us aren’t) so “Practice Makes Perfect”.

So what to to look for:

  • Using real world price feeds for the trading game
  • Ability to run a position for a long time, (weeks, months)
  • The ability to have multiple demo accounts
  • Don’t put in any bank details to play the game

There’s a great one here

Paddy Power Trading

Things we’ve found help when you’re learning/practicing:

  • Try and behave as if the money is real (losing £100k, shouldnt’ just mean you reset the account as if nothing went wrong, in the real world that would not be the case)
  • Come up with your strategy, and trial it over a steady piece of time. Test it, and re-test it.
  • Do research different markets
  • Do research trading strategy, regulations, laws and taxes.
  • Do enjoy learning.. it is a game, and you can’t lose any money as you’ll be trading in a simulation, also you learn better when the mind is stimulated and having fun. (for getting the mindset try nlp).

Summary: Learn to trade in a Game/Simulated Environment

So it’s fairly clear, that by learning to trade in a simulated “game” environment, where you use real market data and the same online platforms, you can build up experience and learn how to start online trading.

So just like when you learnt to pass your driving test, you didn’t first go onto the motorway in rush hour by yourself, so it is with learning to trade online.

How about winning real money.. without risking any

There are also competitions out there that pay real world money to the winners of their trading games. Now that is a great trade! You can find a list of current competitions here

Paddy Power Trading

Players in the FX Markets

To understand the Forex market, you need to understand the players in the market, the participants and their motivations. In this article we’ll give you a brief summary.

The main participants and players in the market are:

  • Banks
  • Reserve banks
  • Hedge funds
  • Individual traders
    • Speculators
    • Investors
  • Brokers

 

1) Banks

Banks comprise a large portion of the total turnover. They use the foreign exchange market to buy and sell currencies that are needed for foreign exchange for their customers, to hedge or protect against market movements on behalf of their customers (for example when an importer may wish to protect against adverse currency movements) as well as for trading purposes.

2) Reserve banks

These are government owned organisations that are responsible for managing the economy of their countries by setting interest rates and they also may take positions on foreign exchange in an attempt to regulate or smooth exchange rates. Examples include the Bank of England, the Bank of Japan, the Federal Reserve and the Reserve Bank of Australia.

For example, the Bank of Japan may enter the market to sell Japanese Yen and buy Euros if they believe that Japanese Yen are priced too high relative to Euros.

Reserve banks are typically active in their own currency. They may make enormous trades that can quickly result in significant short term market movements. Usually the actions of reserve banks can be seen when there are sudden spikes or dips in a currency.

In addition, reserve banks often manage the release of key economic statistics. This information is eagerly awaited by market participants and results in immediate price movements if the statistics differs from the consensus view.

3) Hedge funds

Hedge funds are professional investment firms that usually manage funds on behalf of high net worth investors. They may invest in a variety of financial instruments, including foreign currencies. Their motivation is speculative profit for their investors, as they earn their money from a percentage of profits earned.

4) Individual traders

Individual traders are increasingly active in the FX markets. This is driven by the ready access to the market through the Internet and the opportunities available to earn significant profits with a relatively low capital investment.

Individual traders are often unsuccessful. In fact, about 90% of individual traders lose money during their time in the FX markets. Individual traders often don’t have systems, and don’t manage risk well.

In addition, individual traders face higher transaction costs than professional traders as they don’t have direct access to the market and have to use a broker. Also, individual traders can’t watch the market all the time as they usually have other committments such as work or family life.

These factors are a disadvantage, but the advantage is that the individual trader can choose whether to participate in the market at any given point in time. Professional traders are pretty much obliged to trade all the time by the nature of their jobs which means that they may not be able to be as selective about the trades that they enter.

  • Speculators – They may be day trading, and not trading in a manner which seems to make sense to all the market. They tend to be short term in focus.
  • Investors – They are looking to trade fundamental market movements, often with a longer maturity

5) Brokers

Brokers provide access to the FX market to individual traders. Typically banks and hedge funds have direct access to the market as they are a part of the market.

A broker will provide account keeping services, execute trades and usually provides some software to place orders and allow you to look at current prices and charts.

Brokers earn their profit by charging a spread. This is a difference between the buying and selling price. For example to buy EUR/USD, the price may be quoted 15/19, which means that the broker makes a spread of 4 basis points per trade. A trade is either buying or selling a foreign currency position.