Best Forex Trading Info

Forex Trading Tips And Tutorial

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Open A Forex Live Account

Forex live account

Forex Live Account: How to Kick-start a Successful Career in Forex

Anyone with an aptitude for numbers and an attitude to get maximum can try a hand in forex trading. And the first hurdle they have to overcome is to open a forex live account. Opening just another account among the many opened every day is easy. But here is the catch.

“Where you start is not far from where you finish.”

So, where do you start?

Forex trading live account:

Everyone needs this to start up, to make their first trade. As I said before, anyone with a minimal amount of cash in their pockets can start a forex live account. But there are various parameters to a live account. And although there are numerous companies which provide for such live accounts, – the parameters provided in them are more often than not varied. Parameters? Yes, parameters; viz.

Balance- The amount of money or base currency the trader can or will have to invest into the account to start trading. The more you have, the more you can make. The more you have, the more you can lose too.
Forex Lot Size- Lot Size refers to the number of base currency units contained in the account. For example, a lot size of 10,000 means the lot has an amount equivalent to 10,000 of the base currency of the trade. There are three specific universally recognized lot structures or types, – Standard, Mini, and Micro lots which have 100,000, 10,000 and 1000 units of the base currency within them.
Forex Pairs- Forex pairs refer to the pairs of currency quotes which the forex trading live account caters to. Currency quote, for the sake of the explanation, are pairs of different currencies with their value coefficient attached to them, such as EUR/USD = 1.56. Often the number of pairs which an account caters to is in terms of the lot size of the account.
Risk Features- Such features are available primarily in smaller accounts or those of beginners. These accounts have a ‘Guaranteed Limited Risk’ feature, i.e., they have a built-in failsafe which makes sure they do not lose more than what they invest.
A forex trade live account more specifically refers to online accounts which the trader mostly oversees and handles himself/herself.

Is a forex trading free live account safe?

Forex trading runs on an online trading platform. Daily turnovers nowadays often touch the $3 trillion mark. So obviously it is safe. But most of the trade is made by experts. What about the beginner or the newbies? Just follow these simple instructions: –

Go for trusted companies. Ask around. Search databases.
Start small. Go for long-run profit. ($1 start-up accounts can also be availed nowadays.)
Ask your trader or representative (if you have one) whenever and whatever you want to know regarding your forex live account. Ask him/her for an explanation regarding a trade to which your trader is bound to provide an explanation.
Do not invest all you have, no matter how lucrative the proposition might sound, into a trade.
There is no offensive in opening a forex trading free live account. For any budding trader, opening an account is the first step, and it should be taken cautiously.

“Luck favors the bold.”

Be bold, not rash but just bold. Read up. Open a forex live account and start earning.

Forex trade free money

Make money from home or anywhere in the world with free money for forex trading.READ THIS NOW!

Have you ever thought of making money from no money at all? Well, it’s not that you start with 0 dollars and end up with a thousand in your pocket, but the following concept is somewhat similar. In the forex market, certain brokers give you free money for forex trading. All you have to do is open a forex account with that specific broker, and they transfer an initial amount from their side to show their goodwill.

Again, with an offer such good as this, there comes certain terms and conditions. The amount is generally in the range of $5 to $50; however few brokers may transfer up to $100 into your account. Plus, this amount may stay in your account for a fortnight or a month and then automatically be transferred back to the broker. Some do allow it to remain for an infinite time.

No matter how many terms you have to follow, the concept of ‘forex trading free money’ is no doubt lucrative. This is the forex market, and a lot can be done with $100.

Why do brokers give out free money?

Consider it as a market policy to attract more investors to open a forex account with them. Similar to a banking concept, brokers make income with forex accounts and trading. If you open an account, you put in some money and circulate the same. That money stays with the broker until you file for withdrawal. Not everybody withdraws their money at the same time; hence the vault of the broker never stays empty.

Similarly, with every profit you make, you owe your broker some percentage of commission to the broker for their service. If there are 100 investors and 50 of them, make a profit, that percentage of money comes to the broker as commission. So brokers go with the concept of ‘forex trading free money’ to attract new investors.

How do you profit from it?

With your free money for forex trading, you can start trading immediately. Since the amount is small, you can opt for the leverage concept. With this, you can generate a high percentage of profit.

Say you go for 10:1 leverage. Then, you can trade for $1,000 with your $100 available. Say you decide to buy Euros currently standing at 1.36. Therefore, 735.29 Euros van be bought with $1,000 and can be sold when the market quote rises to 1.38. This will fetch you $1014.70, and a profit of $1.47 is made against your $100.

Had you opted for 100: 1 leverage, and invested in a riskier currency, profits can be as high as 40% as well. If you keep making $40 every alternate day, that amounts to $600 after a month.

Thus, with brokers providing ‘forex trade free money’ accounts, you can actually reap great profits from proper investments. It is risk-free as well. You are not investing any of your money into it and going for trade with the broker’s money. So, even if you make a loss, it won’t be from your pocket. Go for these accounts now and make money without investing any of yours.

Forex trading with free money

Start your home business in Forex trading with free money? Learn how to trade forex without initial investment.

Are you new to the forex trading market? Are you looking for maximum profit from the forex market like other traders? Then you are in the right place as here you will get enough information regarding forex trading with free money.

There’s a lot of information to take out from forex trading business. Don’t you think so? Out of all, one of the most important parts of trading is forex trading with free money. Most novice traders might not be familiar with this trading practice, but it exists in reality and is very beneficial for them.

So, if you are looking for forex trading with free money, then you must learn everything about forex demo accounts. Through foreign exchange demo account one can replicate the live trading environment, and the trader doesn’t have to pay real money. So, this is how a trader can get free money to trade forex. Free money here refers to ‘virtual’ or ‘unreal money’ which can be used by the traders while learning the basics of forex.

How to do forex trading with free money?

Due to huge amount of money made by online brokers in present time, it comes as no surprise that most of them offer a free demo account in a different way. One can start forex trading with free money only by signing up with the broker, and it can be accessed from anywhere for the next three months.

A trader can get demo accounts from both online and offline brokers. But, one should make sure that he/she is well aware of some of the technical terminologies of forex trading such as:

forex market order
pips
margins
currency pairs
What are the things to be considered regarding forex trading with free money?

The only difference between a live account and demo account is the money, apart from that everything is same. Any trader can get free money to trade forex, but there are certain things to be followed such as:

Psychology
Whether you are trading with a demo account or live account, it is evident that emotions have a significant impact on the trades. One who controls them can be a successful trader, but at the same time, one minor downfall can let you to get huge losses. So, one must have a mindset that he is trading with real money but nor with virtual money.

Standard account vs. mini account
Being a novice trader, it is good to start with mini account because in this account a trader gets small lot sizes along with low margin. So, one should start with a mini account to understand the things well and also to get free money to trade forex through demo account.

So now you have gained enough information regarding forex trading with free money. You should not waste your time and use this lucrative opportunity to make the best of it. If you have any doubts or confusions, then you can share below in the comments section. You can also give your suggestions that can be helpful for the forex newbies.

Happy trading!

How tо Trade іn Global Foreign Exchange Market

Foreign exchange trading оr forex trading, іѕ аn interesting аnd profitable pursuit. If уоu strip thе whоlе thing down tо thе bare essentials, іt іѕ just exchange оf а pair оf currencies, one аt а time. Thе maxim thаt applies tо аll profitable transactions applies here tоо, ‘buy cheap, sell dear’. Onlу thе difference іѕ thаt уоu do nоt buy оr sell аnу goods іn thіѕ trade. It’ѕ а barter system оf currency, іn whісh уоu exchange currency оf а type fоr аnоthеr wіth thе intention оf profiting frоm thе transaction sooner оr lаtеr. Yоu buy а currency thаt уоu think wіll appreciate іn value аnd уоu sell іt whеn іt does. Here ‘buying а currency’, means exchanging іt fоr аnоthеr type.

Tо master foreign exchange trade, like аnу оthеr subjects, уоu muѕt find thе best forex training program tо master іtѕ fundamentals. Thе fundamental thing thаt уоu need tо understand іѕ how thе exchange rates аrе affected bу global market developments. Whеn уоu focus оn two currencies, thаt уоu аrе exchanging, уоu need tо monitor thе import-export trends bеtwееn thоѕе two countries аnd thе liquidity іn bоth thе markets. Yоu аlѕо need tо monitor thе global effects оn thе two currencies. Yоu have two options: еіthеr уоu саn operate independently bу opening уоur own trading account оr уоu соuld operate thrоugh а broker. If уоu аrе а beginner іn thіѕ field, here аrе ѕоmе tips frоm acclaimed masters оf foreign trade, put together fоr уоu :

Beware оf Cheats!
Just like еvеrу financial field оf endeavor, forex trading has іtѕ share оf cheats аnd con artists whо аrе оut thеrе tо dupe honest people. Always bе suspicious оf forex brokerage companies thаt promise gargantuan profits wіth zero risk. Thеу аrе surely con men, аѕ еvеrу experienced forex trader wіll tell уоu, big profits always come, after big risks аrе taken. Alѕо bе wary оf brokerage companies thаt promise investing уоur money іn thе interbank market аѕ іt’s nоt very transparent іn іtѕ dealings. Make а thоrоugh background check аnd verify thе registration оf thе trading company bеfоrе уоu set uр уоur account wіth thеm.

Stay Connected wіth Thе Old Boys!
If уоu want tо bе master оf а trade, уоu have tо learn frоm thе masters. Get tо know аnd stay іn touch wіth experienced traders frоm thе field. Thеу have bееn thеrе аnd done thаt. Learn frоm thеm аѕ muсh аѕ уоu саn.

Do Your Homework Well!
Stay connected wіth thе latest happenings іn thе forex market but dоn’t get lost іn data. Analyze аnd understand thе cause аnd effect cycle іn thе forex market. Get аn іn depth knowledge оf how thе currency market іѕ regulated аnd whаt factors affect іtѕ functioning. Understand whу thе numbers rise аnd fall аnd whаt causes exchange rate fluctuations. If уоu get уоur fundamental theory оf forex trading right аnd stick tо thе basics, things wіll more often turn оut right.

Know Bоth Sides
Whеn уоu аrе trading bеtwееn two currencies, study thеm wеll. Thаt іѕ, follow developments оn bоth sides аnd nоt just thе high value side.

Tоо Many Cooks. . .Yоu Know Whаt!
If уоu аrе giving уоur trading account оvеr tо а broker аnd hе іѕ going tо operate fоr уоu, thеn lеt hіm! Lеt thе man do hіѕ job, уоu mау inquire, but do nоt meddle tоо muсh. If уоu аrе confident оf trading аlоnе, thеn make уоur own decisions after giving уоur ear tо аll.

Think Long Term
It’ѕ always thе best policy tо think long term whеn уоu аrе trading аnd іt’s аlѕо thе mark оf а good trader. Do nоt go fоr short term profits whеn уоur judgment tells уоu thаt things іn long term wіll bе better. Stick tо уоur decisions аnd go fоr thе kill, whеn уоu see а winner, аnd do nоt hesitate tо sell оut оf а trade whеn уоu realize уоur mistake, оut оf stubbornness оr hardheadedness.

It’ѕ All About Timing!
Remember thаt іt’s аll аbоut timing, whеn іt comes tо trading. New developments іn thе market always start after thе morning news іѕ оut, аѕ credit policy changes bу central banks аnd world business news influences thе choices оf investors world оvеr. It іѕ advisable thаt уоu avoid trading off peak hours. Yоu do nоt need tо trade 24×5. Fix уоur amount оf working hours аnd get used tо handling stress.

Keep іt Simple аnd Bе а Man!
Keep уоur procedure simple аnd remember, уоu саnnоt control аll thе variables. Sо things аrе bound tо go wrong іn spite оf аll уоur preparation аѕ thе market іѕ very fickle аnd driven bу speculation. Sо bе ready tо brave thе rough weather аnd steady уоur ship іn thе storm. Forex trading оr аnу kind оf business іѕ nоt fоr thе weak оf heart!

Hope thеѕе tips frоm thе masters help уоu оut іn уоur forex trading career, аnd уоu tоо one day become one! All thе best!

Best Forex VPS Server For Free From FBS

  • 4 Solid Reasons To Apply The Best Forex VPS In Your Forex Trading Business With FBS.

TAKE YOUR TRADING TO A WHOLE NEW LEVEL WITH A VPS-SERVER!
GET A VPS-SERVER FOR FREE, SET UP EXPERT ADVISORS AND MAKE THEM WORK FOR YOUR BENEFIT 24 HOURS A DAY, EVEN IF YOU’RE OFFLINE!

CONVENIENCE, SPEED AND RELIABILITY FOR THOSE WHO STRIVE TO MAKE SOLID PROFIT:

24/7 operation, including offline mode

Protection from power and connection interruptions

Fast and stable connection to the trading platform

Possibility to install any expert advisors

Conditions for a VPS-server granting

To get a dedicated VPS-server, the following conditions should be met:

a. starting from November 9, 2016, make a one-time deposit of at least $450.

b. request the service by clicking the “Set up a server” button in your Personal area.

The service is free of charge during the first month of use.

Starting from the second month, the service will remain free provided that at least 3 lots have been traded by the client within the previous month (1 lot on a “Cent” account = 0.01 standard lot).

Trading instrument BTCUSD does not take part in promotion.

ECN Account lots are not accepted.

In case during the previous month fewer than 3 lots have been traded, the $33 fee for the next month is deducted from the account specified by the client during the server setup. If no funds are available on the client’s accounts and the trading volume condition is not fulfilled, the service is disabled.

Example: a client makes a 450$ deposit and sets up a VPS-server on November 9, 2016. Within the period from November 9, 2016, to December 9, 2016, the service is provided free of charge. To get the service free for the period from December 9, 2016, to January 9, 2017, it is necessary to trade at least 3 lots between November 9, 2016, and December 9, 2016, inclusive. In case the client trades fewer than 3 lots within the period from November 9, 2016, to December 9, 2016, the $33 fee will be deducted from the specified account on December 10, 2016.

The client can cancel the service anytime by clicking the “Cancel server” button on the service page in the Personal area. In case of the service cancellation, the service fee for the remainder of the month is not recalculated.

 

 

Not Sure what A VPS SERVER Is?

A Virtual Private Server (VPS) is a virtual machine sold as a service by an Internet hosting service.

A VPS runs its own copy of an operating system (OS), and customers may have superuser-level access to that operating system instance, so they can install almost any software that runs on that OS. For many purposes they are functionally equivalent to a dedicated physical server, and being software-defined, are able to be much more easily created and configured. They are priced much lower than an equivalent physical server. However, as they share the underlying physical hardware with other VPSs, performance may be lower, depending on the workload of any other executing virtual machines. Dedicated Servers may also be more efficient with CPU dependent processes such as hashing algorithms.

The force driving server virtualization is similar to that which led to the development of time-sharing and multiprogramming in the past. Although the resources are still shared, as under the time-sharing model, virtualization provides a higher level of security, dependent on the type of virtualization used, as the individual virtual servers are mostly isolated from each other and may run their own full-fledged operating system which can be independently rebooted as a virtual instance.

Partitioning a single server to appear as multiple servers has been increasingly common on microcomputers since the launch of VMware ESX Server in 2001. The physical server typically runs a hypervisor which is tasked with creating, releasing, and managing the resources of “guest” operating systems, or virtual machines. These guest operating systems are allocated a share of resources of the physical server, typically in a manner in which the guest is not aware of any other physical resources save for those allocated to it by the hypervisor. As a VPS runs its own copy of its operating system, customers have superuser-level access to that operating system instance, and can install almost any software that runs on the OS; however, due to the number of virtualization clients typically running on a single machine, a VPS generally has limited processor time, RAM, and disk space.[citation needed]

Although VMware and Hyper-V dominate in-house corporate virtualization, because of their cost and limitations they are less common for VPS providers, which instead typically use products such as OpenVZ, Virtuozzo, Xen or KVM.

Many companies offer virtual private server hosting or virtual dedicated server hosting as an extension for web hosting services. There are several challenges to consider when licensing proprietary software in multi-tenant virtual environments.

With unmanaged or self-managed hosting, the customer is left to administer their own server instance.

Unmetered hosting is generally offered with no limit on the amount of data-transferred on a fixed bandwidth line. Usually, unmetered hosting is offered with 10 Mbit/s, 100 Mbit/s or 1000 Mbit/s (with some as high as 10Gbit/s). This means that the customer is theoretically able to use ~3 TB on 10 Mbit/s or up to ~300 TB on a 1000 Mbit/s line per month, although in practice the values will be significantly less. In a virtual private server, this will be shared bandwidth and a fair usage policy should be involved. Unlimited hosting is also commonly marketed but generally limited by acceptable usage policies and terms of service. Offers of unlimited disk space and bandwidth are always false due to cost, carrier capacities and technological boundaries.

Source:Wikkipedia

Best Forex Trading Business Plan PDF Download.

Forex Trading Is The Best Business In Modern Civilization.

Easy Way To See Your Forex Trading Account Grow From $500 To Over $250,000.

Download Your Free Forex Trading Business Profit Plan By Joshua Martines(Creator Of The London Breakout Trading Strategy)Today.

 

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Forex Expert Advisors–Living Up To The Hype?

As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.

Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) – inconsistent.

Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of

becoming millionaires overnight trading some “guru’s” trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru’s.

An Expert Advisor is a “robot”. Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain

parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.

Some quick highlights of the Kiss Trading System:

* Requires no technical indicators
* Uses a “Set and Forget” strategy to free up your time
* Makes only 1 trade per day at the same exact time
* Requires only 3 minutes per day (or less)
* Is fully automated with a metatrader Expert Advisor (EA)
* No losing month for over one year
* Averages +75 to +150 pips per month
* Average returns of 5-25% per month

Forex Legend: George Soros And The British Pound

Anyone who trades forex would have heard of George Soros, the man who traded against the Bank of England and won. This story has been retold many times and is now stuff of legend. But now in 2007 when GBPUSD is over the 2.000 level from September 1992 once again, it is time to recall this legendary forex event. Remember September 19, Black Wednesday in 92, the day when the Bank of England withdrew and stopped pumping money to keep the sterling pound strong.

Events leading up to Black Wednesday as it was called: BoE joined the European ERM (Exchange Rate Mechanism), the predecessor to the EURO). This is when all the currencies locked at a fixed price range with 6% leeway. If the price goes below or above this range, the Bank of England must intervene and make sure the prices stay in this range. It’s easier to understand the event if it’s read in the chart on http://www.forexplane.com.

When it joined, the economies of the UK vs. the rest of countries in the MRE were not in sync. The UK’s Domestic Interest Rate was too low compared to the rest of the stronger nations like Germany and France, which was much higher. This disparity was causing the fixed price range to unbuckle. With Germany enjoying a fairly healthy economy and UK entering it’s economic recession, speculators saw this fixed price range in disequilibrium, seeing the pound so high compared to the Deutsche Mark while it’s inflation and interest rising, they shorted in droves.

BoE refused to lower interest rates due to inflationary fears and cannot allow the GBP to be devalued according to the ERM policy. The event leadig to the yellow shaded area showed that BoE buying the Sterling Pounds to keep it high.

But the final blow-off came as it gets closer to the resistance area, George Soros and other speculators shorted even heavier, around $10 billion. Finally on that day at resistance, BoE announced they will no longer be part of the ERM and will not intervene with the currency and will let it float freely. On that news, the hard drop in the Pound can be seen on the chart: http://news.forexplane.com/Articles/GeorgeSoros/tabid/101/Default.aspx.

The following months, he and his investors made one of the biggest and rarest winnings in Wall Street history. After this event, he was the man who “broke the Bank of England.” By judging the facts, Soros was lucky that BoE caved in before his $10 billion and other speculators run out as BoE has a much deeper pocket than anyone individual. This has to be remembered. Had BoE decided to continue intervening past the resistance, who knows what may have happened but certainly speculators who continue to short would have been with extremely heavy losses.

Using fundamentals (macro economic views) can be advantageous in recognizing the imbalances in the currency pairs but it must be a long term trade and with a very big account to withstand the corrections and even the wrong timing of the entries.

Any opinions, news, research, analyses, prices, or other information contained on these articles are provided as general market information and does not constitute investment advice. Forexplane.com will not accept liability or any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Long Term Saving Versus The Forex

Long term savings plans will often be a very sound investment as we will see in this article.

Although Forex can make you much more in a smaller amount of time but there is more risk attached.

Our American economy is a free economy, and it operates on the principle that if we leave the factors of production alone, without government interference (and by factors of production we mean land, labor and capital) so long as the game is played fairly and honestly, those factors will gravitate to their most economic and beneficial use. This they will do by being attracted to those places in which they are worth the most, this worth being reflected in rate of return. The places that need them the most pay the highest return.

For the American economy to operate, each investor must seek the highest return on his capital obtainable consistent with risk.

This is not only the justifying theory behind rate of return. It explains why certain industries need money and can pay a good return

The individual usually needs little urging to be converted to the doctrine that if he can get 10% on his money rather than 6% with the same degree of risk he should do that. This article attempts to show him the opportunities to place his money in higher yield investments. But first it might be well to explain just how significant the rate of return on your money is:

A short time ago our very close friends invested $1000 in a promissory note which yields 12% per year1% per month payable monthly.

Both the husband and wife work, the husband in the government and the wife as a pharmacist. It is their desire that before too long the wife cease work and retire permanently. But they are used to getting along on two salaries, not just one, and the retirement of one of the couple will cut the family income materially. Since the children are grown and out on their own they feel that they can save, after taxes are paid, $200 per month.

This will come out of the wife’s income. She has not saved this much to date, mainly because there did not seem to be any great motive for saving, and she seems to like to do a good deal of shopping in the department stores. So a forecast of her savings of $200 a month was drawn up in order that she might have the facts at hand on which she could base a decision as to whether she should attempt to save $200 every month or not. This is how the forecast works out:

On January 1, 1961 she invested her first money$1,000and at the end of the first month her interest check on this $1,000 was $10 (1% per month). She did not spend this income but let it stay in the account in order to become capital and thus increase the earnings base. But at the end of January she put in her first periodic monthly savings$200, so that at the end of January her original capital in the account was $1,000, the interest was $10 and the monthly savings were $200$1,210 in all. The interest on this total capital during February was.

At the end of the first year she has put in a total of $3,400, but the interest has made this total investment grow to $3,662.

In the normal course of her business career her income will go up slightly each year as she progresses in her job, but she probably will be able to save no more as these increases take place because she must pay taxes on her interest, whether she receives it and spends it or just lets it remain in her account to increase her capital.

By January 1, 1980, when she retires from business at age 63, her capital amounts to $108,476 on her total savings of $15,400. Her monthly interest check amounts to over $1,000, and this is in addition to her pension from her pharmacist’s job and her husband’s pension from the government

Is all this calculation fanciful? It may be, but I personally many people have had funds invested in this particular company for five years, and the only thing that hap pens is that the company grows, gets sounder and earns more money each year. Eventually they will not pay 12% per year in all probability. Then it will be necessary to find another similar investment.

We might further define the type investment we are talking about as high yield, fixed dollar obligations. The “obligation” part of the definition means that someone or some organization has an obligation to repay the money invested.

The “fixed dollar” part means that there is an obligation to repay a fixed number of dollars. While oil wells, tung groves and citrus groves may be excellent investments and return fine profits, there is no obligation on the part of anyone to repay any fixed number of dollars.

The Forex can make you even much more in just shorter time, but you could also lose a lot so it is a matter of making a choice.

The Secret Of Shares And Forex Clubs

The Secret Of Shares And Forex Clubs That Can Help You Succeed

By pooling your investment you will have more protection when your investment depreciates and you stand to gain more when it appreciates.

One of the secrets of pooled investment is that you will also gain a significant amount of knowledge. This will help to steer you on your way to success.

Most clubs are less than three years old, and that nine out of ten have a portfolio valued at less than $10,000.

No concerted organizational or promotional effort One of the astonishing developments in stock ownership in the past 10 years has been the wildfire spread of investment clubs throughout the nation.

A New York Stock Exchange survey indicates that there are at least 20,000 clubs in existence, with a total membership of more than 277,000 peopleand that more are forming, at a phenomenal rate, every day. The market value of the clubs’ holdings tops $160 million and they are pouring $2 million of new investment into the market each month.

All this is the more remarkable when it is considered has created these clubs. They have sprung up spontaneously as the realization has spread that here is a device enabling people of modest means to educate themselves about investment and to acquire stock in an orderly, consistent, and intelligent manner.

In outline, a club’s members meet regularly, contribute funds equally, study investment possibilities carefully, and agree jointly on shares to be purchased or sold. The unique features of this procedure are, first, that by responsible group effort the members can learn the complexities of investment and, second, that by aggregating funds they can acquire stock with individual contributions even smaller than the Monthly Investment Plan minimum.

Most clubs are composed of neighbourhood friends or business associates. Sometimes they are employees of the same firm, sometimes members of a fraternal or religious group. The majority of clubs have all-male memberships, although some 3,800 include women, and something over 2,000 are exclusively for the ladies.

A group of policemen form the New York’s Finest Investment Club. A group of Maine businessmen, who have been long-time hunting companions, are now stalking profits as the Katahdin Investors Club. Some avid bridge players have become the Bridge Investors Club; the Johns-Manville Club is made up of J-M employees. Essentially, these alignments assure a pleasant social atmosphere and economic compatibility, so that everyone can contribute equally to the club’s program without strain.

The average club membership is 15, a few number 20. Many clubs start with six or eight, and grow as interest is aroused. Experience indicates that 12 to 15 members are best able to conduct the business of the club. Beyond that number, things get somewhat bulky and unmanageable.

It can be extremely helpful to have a lawyer, accountant, and/or banker among the members. This is not always possible, and many clubs are operating successfully without them, but if they are not members, they should be within hailing distance to give professional advice on legal and tax matters, where necessary.

Clubs should also establish an account with a brokerage and get to know the customer’s representative who is handling it. He can be a source of much useful information on the new and unfamiliar field the club is entering.

Many brokerage houses are happy to have representatives attend occasional club meetings to explain brokerage and market operations, security analysis, and economic trends.

With membership established, the club’s next step is to agree on objectives and procedures: How often shall it meet? How much shall each member contribute? How should stocks be selected? What should be done with dividends?

Clubs ordinarily meet once a month. Meeting less frequently than that slows activity to an unsatisfactory pace, more frequently places a greater demand on the members’ time than the funds involved warrant.

The usual investment is $10 per person per month, although this depends entirely on the group’s level of income. Some clubs set the ante as high as $100 per month. Less than $10, of course, does not give the club much capital to work with, and will probably make progress seem discouragingly slow. More than $40 makes it possible for a member to set up an individual MIP, and at $100 an investor could deal directly with a broker from time to time. In these latter instances, however, diversification would be harder to achieve and, of course, the burden of stock selection would be on the individual rather than decided by the shared wisdom of the group. It appears that most individuals find the club experience a good training ground in investment and that, after they learn their way around, some 40 per cent of them feel well enough oriented to open personal accounts.

Investments of $10 to $20 a month for groups of 10 to 15 people mean a fund of from $100 to $300, not an overwhelming amount, but enough to buy 10-share blocks at 30 or 5-share units at 60. The average club investment is about $260 a month.

Whatever the amount, most clubs feel that it is absolutely essential that all members invest equally. If individuals are allowed to have two or more memberships, or to invest twice or three times as much as the others, it will also be necessary to give them two or three votes in club affairs, thus unbalancing the share-and-share-alike mutuality which is basic to successful operation of this kind of organization. Twice as much money is not automatically a guarantee of twice as much good sense when the votes on investment are cast.

In selecting stocks for investment, procedures are as various as the ingenuity of the club permits. Some clubs start by accumulating shares of the company the members work for, or a company active in the area whose personnel and operations are known to the club.

Other clubs undertake a study of a different industry each month and then, perhaps, appoint a committee of several members to report on companies within the industry. Some clubs arrange visits to company headquarters, or branches, in their vicinity. They inspect oil fields, mines, mills, and manufacturing facilities. All of this, of course, is rudimentary, but it is the beginning of understanding and evaluation.

For the rest, it depends on the club’s objectives. Like you, it must decide whether to try for growth, dividends, or stability, whether it is in for a quick profit or for long term appreciation.

There are some Forex investment clubs that you can join by searching the internet that help to pool investors money.

It is well worth using Forex software to help you perform well when you trade on the Forex.

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