Online Currency Trading

There are dozens, if not hundreds of trading courses available. Many of them do a good job teaching the basics of trading stocks or futures; however, there are very few courses specifically designed for currency trading. If you want to make money trading (and of course you do), there are many compelling reasons to choose forex, as it provides the ideal market for active traders.

The Forex market is a seamless 24-hour market. At 5 PM Sunday New York time, trading begins as markets open in Sydney, and Singapore. At 7 PM the Tokyo market opens, followed by London at 2 AM, and finally New York time at 8 AM. As a trader, this allows you to react to favorable/unfavorable events by trading immediately. It also gives traders the added flexibility of determining their trading day.

Unlike the equity market, there is no restriction on short selling. Profit potential exists in the currency market regardless of whether a trader is long or short, or which way the market is moving. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. This means a trader has an equal potential to profit in a rising, or falling market.

Most forex brokers charge small commissions or transaction fees to trade spot currencies exchange online. In the equity market traders must pay a spread and a commission. The over-the counter structure of the forex market eliminates exchange and clearing fees, which in turn lowers transaction costs. Costs are further reduced by the efficiencies created by a purely electronic market place that allows clients to deal directly with the market maker, eliminating both ticket costs and middlemen. Because the currency market offers round-the-clock liquidity, traders receive tight, competitive spreads both intra-day and overnight. Equity and futures traders are more vulnerable to liquidity risk and typically receive wider dealing spreads, especially during after hours trading.

Currencies rarely spend much time in tight trading ranges and have the tendency to develop strong trends. Over 80% of volume is speculative in nature and as a result, the market frequently overshoots and then corrects itself. A technically trained trader can easily identify new trends and breakouts, which provides multiple opportunities to enter and exit positions.

In a recent currency trading contest for live accounts, the top three winners more than doubled their money in one month. In addition, hundreds of other participants had double-digit returns. Not everyone makes money trading currencies. In fact, we estimate 70% of traders lose money and only 30% actually make money. Yet, the odds of profiting from a spot currency trade is close to 50%, since for every currency transaction one person makes money while another loses. Despite this probability, most people still can’t make money trading by our Robot!

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With these types of statistics one might think that those who make money have inside information or somehow have the ability to manipulate the market. However, the currency market unlike equities or futures is too big to manipulate evidenced by the fact that the governments of the U.S., Japan, and the UK have repeatedly tried to manipulate the market and failed. Additionally, all market information is simultaneously available to all traders at the same time.

Common sense suggests that it could be possible the 30% of profitable traders know something that everyone else does not. In fact, they do. In general they have sound money management skills, clearly defined trading strategies, and mental discipline. The Metex Course is designed to teach you how to master these skills.

1) Trading Technique
2) Risk Management
3) Psychology
4) Trading with ROBOT

The courses does not offer an easy way to get rich quickly. If a magic formula for trading profits existed, everyone would be a millionaire. Trading takes hard work, discipline and knowledge. The Metex courses is designed for those dedicated to becoming consistently profitable traders and who want to be actively involved in the learning process.

The Metex courses has all the traditional elements you would expect, plus personal training from expert tutors. The personal attention from Metex course tutors will enable you to learn quicker, assimilate more knowledge, and gain a deeper understanding of the currency market than if you were to tackle it on your own.

To ensure that you don’t get lost, the Metex courses provides you with a syllabus on how best to integrate all the information you’ll be learning about the vast and exciting foreign exchange market. The syllabus will guide you from start to finish, and will incorporate everything you need to know to get on the path towards successful trading:

Basic Education – the nuts and bolts of trading
FX Market Basics – the nuances of the FX market
Basics of Order Execution – how your order gets executed, and how that affects trading
Fundamental Analysis – Use international economics to successfully trade
Technical Analysis – Translate bars on a chart to winning trades
Money Management – Measuring risk to capture reward

To ensure that you fully learn all of the aforementioned steps and more, our staff will provide you with additional supplemental material – and more importantly, 24 hour support to answer all of your questions and to start trading successfully.

Our staff of tutors can provide you with one-on-one training regarding everything you’ll need to know about FX trading. Moreover, they’ll be able to help you use the information in the course to develop a personalized strategy that is custom-tailored to what naturally suits you as a trader, whether its technical analysis or fundamental analysis. Ultimately, the Metex Power Courses will allow you to learn the FX market on your time and at your pace so that you can develop a trading strategy that is right for you.