About FOREX

We all know FOREX is big, but, how big?
We all know FOREX is risky, but, how risky?
How many kinds of main strategies are there in FOREX trading?
How about Automated Trading Vs. Manual Trading?
Who are the top 10 currencies traders in the world?
What are the most traded currencies?
What time is good for Forex trading, and what time is not?
What is account management?
Is there any different between demo account and live account?

We all know FOREX is big, but, how big?

FOREX - The Foreign currency Exchange market is by far the largest financial market in the world. The average daily trade in the global FOREX markets exceeds US$1.9 trillion (Source: the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2004, and published in March 2005). For comparison, the biggest stock market on the Earth - NYSE Group (The New York Stock Exchange), has a daily trading volume of approximately $86.8 billion (Source: NYSE Group, Inc. 2006). FOREX has a 18.4% average growth rate per year since 1989. It offers trading 24 hours a day, five days a week, non-stop over Internet.

We all know FOREX is risky, but, how risky?

In huge FOREX market, as the story goes, at least 90% of new FOREX traders lose all their money within their first 3 months of trading. Why? Most losing traders who inquire about FOREX trading are quite intelligent, they just lack the right tools, the "Secret Weapons" to win. They are not beaten by other traders, they simply are beaten by themselves, by humans' weaknesses.

Top 10 Currency Traders % of overall volume, May 2007

Source: Euromoney FX survey

Most traded currencies
Currency distribution of reported FX market turnover

Source: Triennial Central Bank Survey (April 2007), Bank for International Settlements.

What time is good for Forex trading, and what time is not?

According to our observation and experience, the last week and the first week in a year (Approximate December 20th ~ January 10th) are not good for Forex trading. Because there are too many holidays and the market's continuity is interrupted and broken frequently. Besides, some big news days and nationwide holidays are not good time for Forex trading either. Especially for Automated Trading EA Robots. We suggest you stop FOREX automatic trading during these "bad times".

Except these, other time will be good.

What is account management?

Never let your account run unattended with no money management.

Keep your Risk Level as low as you can instead of as high as you can.

Apply sensible money management. Once if your original capital has brought you profits (let's say 20% or 50%), withdraw a share of your profits as soon as you can. After your original capital has been withdrawn 100%, you are "risk-free", and just use profits to play.

Is there any different between demo account and live account?

Yes, certainly. If it is the first time for you to use Raingull© V5 EA Robot in a live account, do not forget to set Risk_Level under 5. For many brokers, Demo and Live data feeds are not the same. If you have got good results in demo accounts, it does not mean it is guaranteed that you will get the same good results in live accounts too. You must start live trading very conservatively and carefully. Safety is everything in FOREX trading. If your FOREX trading experience is less than 3 months, you need longer time to practise.
 

DISCLAIMER: We are providing these research results, statistics data, ideas, methods and tools such as the EA robots, indicators, signals, charts, software for informational and educational purposes only. We are NOT a registered investment advisor, portfolio manager, or certified financial planner, and are NOT licensed to trade or provide financial advice in securities of any kind for clients. The information provided herein is general and impersonal in nature, and is NOT tailored to any specific portfolio or any subscriber's particular needs. FOREX trading can result in LOSSES. Never invest more than you can afford to lose. FOREX market is a highly volatile place, and anything being hopeful to pay too much can't help being risky. Put most of your assets in safe investments, speculate only with money you can afford to lose. Please estimate fully your ability of suffering adventure and loss before you decide to use our tools. The information contained herein is believed to be accurate but this cannot be guaranteed, and we will NOT be responsible for any possible error or omission of translation. Any reliance placed by you upon the opinions herein or with respect to the materials shall be at YOUR OWN RISK. We will NOT be liable to you in contract, tort or otherwise for any damages or losses, including without limitation, direct, indirect, special, incidental or consequential damages or losses, and even if arising due to lost revenues, lost profits, or loss of prospective economic advantage, resulting from the use or misuse of our information, articles, ideas, statistics, tools, and websites. We have a two weeks' vacation each year, in this period, information update will be at a halt. All purchases are non-refundable.

RISK WARNING: Past results are not necessarily indicative of future results. Upon reading our articles, newsletters, or visiting our website, joining our member groups, using our products or services, you'll be regarded as accepting all these terms of disclaimer and abandoning all rights of lawsuit pointing to any one of our staff for any reasons. The information on the Website is not intended as an offer or solicitation of any security or any financial instrument. The information and materials contained in this Website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice.

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS. THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS, PLEASE DO NOT ACCESS THIS WEBSITE AND DO NOT USE OUR PRODUCTS AND SERVICES.

While the Raingull Methods, strategies and tools such as the EA software are provided in good faith, they are provided “as is”. We have no control over the way they are used, or of the market, your broker, data feeds, connections to servers, etc., and we do not warrant that our tools or software are free of faults. Your use of anything found on raingull.com is entirely at your own risk and we do not accept responsibility for any losses, for any reason.

U.S. Government Required Disclaimer: Commodity Futures Trading Commission. Futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This site is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.

Moreover, the leveraged nature of FOREX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. We will not be held responsible for the reliability or accuracy of the information available here. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness.

CFTC rule 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. http://www.cftc.gov

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