The more you understand about any subject, the more interesting it becomes. As you read this article you’ll find that the subject of forex home business is certainly no exception. When running a forex home business, a person quickly gains knowledge of how the business world works. Whether it be selling crafts, doing a home delivery business, or selling real-estate, after investing a lot of time and effort into a home or small business, a person quickly becomes aware of the few basic business truths that govern business. One of those truths is that you have to have time and money to start a small business or any business for that matter. More often than not, the people that have the time dont have the money to invest in a home-based business and the people that have the money dont have the time. With Forex home business, it is quite possible to generate an income with a small time investment per day, after studying FOREX for a few months, and a very small investment as little as $50 in some cases. The second truth, and these are probably quite obvious to most people, is that in order to make money a business has to have some sort of product to sell or perform some type of service. In the FOREX world, nothing is being sold and no service is being performed, but rather money is being exchanged. You are making a profit based on the actual exchange value of one currency against another currency. This eliminates the need for employees, such as customer service personnel and human resource people if your company were to become that big. Is everything making sense so far? If not, I’m sure that with just a little more reading, all the facts will fall into place. Also, because of the huge size of the FOREX market, trading nearly $1.5 trillion dollars a day, such things as social events, bad publicity, and changes in political climate will have no effect on your business. In fact, after studying FOREX, you will be able to see how these things will actually benefit your FOREX home business. The third and last classical business truth is that most people are prevented from starting a home-based business because they dont feel good enough about themselves. They dont feel like theyre educated enough. I read stories all of the time about people that feel passionate about something or they just pick something that they are relatively good at or have done before and start a business. They just take a chance. If you want to do it, step out. Take that first step. Dont drop any huge sums of money, of course, but do a little research, make a small investment and start your adventure down to the road to FOREX trading. You dont need a doctorite degree to get involved with FOREX trading, but after a couple of months of good study, its quite possible to generate a significant source of cash from FOREX trading. Forex traders study the political and economic trends in the economically important countries, including USA, Japan, England or the European Union, and make an assessment of the present or future purchase values of these currencies in comparison with each other. Again, the process of sale and purchase is like any other market activity, except that the time period varies. Blindly trade. Forex home business is not about gambling. Consider a situation where you think that the price of a given commodity, say, silver, gold, or wheat, will increase in the near future.
Should I use a Easy Forex ?The Forex market is not, most people would agree, the place to cut your teeth as a trader. Novices can very quickly get their fingers badly burnt. But inexperience is not the only easy reason to consider using a Forex broker to trade in the high risk international currencies market.Equally as important is having the right temperament for a high pressure market where swings are commonly pendulum-like and fast moving. Not only are Forex traders required to readjust mentally to juggling twin-faceted currency transactions, they also need to keep a calm easy head. Fear and greed are, without a doubt, the enemies of the successful Forex trader. Before entering the Forex market for the first time, whether or not you have experience in trading stocks and shares, you should carefully consider whether the Forex is for you. Not all investors are suited to Forex trading, and finding out too late can result in heavy losses. If you have doubts about your investment objectives, experience and risk exposure, then you should seek the advice of a Easy Forex broker or risk having your initial investment rapidly wiped out. So what should you look for when selecting a Forex broker ? Experience and reputation are two good starting places for the selection process. Do as much research as possible about the broker and ask in online forums for anyone with first hand knowledge of the company.Because of the global nature of the Easy Forex there is a diverse range of financial regulatory environments depending on where the broker is based. One of the most unregulated countries is the US, so in the absence of independent verification of a company’s continuing financial stability doing your homework thoroughly is imperative.It should be emphasized, of course, that there are very many top quality Forex brokers around who provide excellent customer service and value for money. The message here is that selecting the right broker for you takes time and effort. In the end, it may well save you a lot of dollars and heartache.Be skeptical. Examine any claims made about high returns and low margins, especially if the company is vague about the risk involved and are unwilling or unable to disclose financial information on the strength of their company. Low margins may sound competitive, but in reality this is because the broker is speculating against you and relying on the low margin to stop out your gains.Small minimum investments should also sound alarm bells. To make serious investment strategies work small sub-$10,000 sums are unlikely to cut it in the Forex. Moreover, the brokers offering small minimum investments are also likely to be those offering low margins as well. And all for the same reason.
What are the advantages of the Forex Market over other types of investments?
When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a "mini account", which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each "pip" or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.
The Forex market is also very liquid. When trading Forex you have full control of your capital.
Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control
Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Forex traders can make a profit during up trends and downtrends. Forex Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.
The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.
If you get of to a good start with Forex it will give you confidence and will encourage you to trade regularly. Follow these tips to get of to the best start possible: Making your first Forex trade can be quite an exciting event. It also is an event that requires some planning in advance, as well as doing some checking and double-checking before you ever make that first trade. Here are some suggestions for preparation that will help you to really get the most out of that first trading event. Trading currency comes with a certain amount of risk. The prudent trader will always make sure, that he or she has enough resources to be able to withstand a period where there are more losses than there are gains. From that perspective, it is important to never risk more funds than you can reasonably do without. Examine the condition of your finances carefully, and determine the amount of your resources that can be comfortably involved in the process of currency trading without creating any financial burdens. Keep in mind that the volume of your transactions will often come into play when it comes to purchasing currency. Simply put, the more you can afford to buy, the better rate you are likely to command. Your circumstances will of course dictate how much you can afford to invest in a single transaction. Individuals who are involved in currency trading will also have to keep in mind that there is the matter of that minimum margin deposit that you must be able to maintain. You may have to begin with smaller transactions that yield less return. But keep in mind that as you grow your revenue from your currency trading efforts, you will be in a position to go for the more lucrative deals. It is a very good idea to begin developing your strategy well before you make that first trade. You can get a great deal of help developing that strategy by utilizing the various reports and other sources at your disposal to try some projections of your own. Set up some test runs by structuring a currency trade on paper and watch how things would have gone had you actually made the transaction. Learn from the outcome, whether it was a win or a loss. Either outcome can help you identify some valuable tools that will help you refine your basic strategy. You may find that you need to include more sources of information in your decision making process. Perhaps your simulated trades will teach you that there is a source or two that needs to be disregarded or replaced in your roster of informative sources. The point is to refine your strategy as much as possible before you go "live" with your currency trading. Making money and having some fun in the process are what the trading is all about. When you perform due diligence before you ever begin you can ensure that your first Forex trade, will be a true example of what you are capable of accomplishing. It should be noted Forex trading involves substantial risk of loss and is not suitable for all investors.
The good news is anyone can learn currency trading online so anyone can become a professional Forex trader from home, if they follow the 4 simple steps outlined in this article.
You can be any age, male or female or of any educational background, there is nothing to stop you earning a great second or perhaps even a life changing income - if you want too. Let's look at our 4 simple steps to trading like a pro.
1. Accept Responsibility
You will see a lot of vendors online who claim you can make easy money by following their cheap software packages and guess what? None of them work, otherwise they wouldn't be sold so cheaply! Traders fall for these systems all the time and think by paying a hundred dollars or so, they will get rich with no effort but that's a fantasy and not reality.
To win at Forex trading, you have to accept responsibility for your destiny and learn skills and get the right mindset for success. This doesn't mean you have to work for months on end, you can learn Forex trading in a couple of weeks and soon be making big profits in just 30 minutes a day or less.
2. Use a Simple System Based on the reality of Price Change
To win you only need a simple system and this has always been true. Make a system to complex and it will simply have too many elements to break.
Keep it nice and simple and also don't try and predict market highs and lows, trade the reality of price change and base your system on breakout trading. We don't have time to cover this great methodology here but we have written about it in our other articles so look it up.
3. You Can't be Perfect Accept Your Losses
You can't win every trade and when you trade on leverage its important you keep losses small, you are going to have them so take them and then run your profits when you get them. I know traders who lose 70% of the time yet, still make triple gains because their winners are so big. Money management and preservation of equity is the foundation Forex trading success is built on so pay attention to it.
4. Trade with Discipline at ALL Times
Most traders can't trade with discipline; when they lose they start to run losses, revenge trade, swap systems or stop trading. You must trade with discipline at all times and follow your system, always remember - if you can't follow a system with rigid discipline, you don't have a system
Why You can Win
Forex trading is a learned skill and its as much about having the right mindset, as having a good method but you can learn both and soon become a professional Forex trader from home, making a tripe digit income in 30 minutes a day or less.
There is an old saying that states, "A Fool and his Money are Easily Parted". With the proper strategy and resources from which to educate yourself, there is no reason to be foolish. With all of the opportunities to make money from home there are plenty of people who can't wait to get right in and get started. The problem is, there are also plenty of scam artists out there who are all too willing to rip you off if you give them half a chance. In the Forex industry, experienced traders don't fall for the scams, but people who are new to the industry are ripe targets. Therefore, you need to know what to look out for.
The government agency that regulates Forex trading, as well as other futures and commodities markets, cautions newcomers to watch out for the scammers that try to paint unrealistic pictures of huge profit potential in Forex and other trading markets. Recently they have also put out numerous fraud alerts for consumers specifically about scams involving the foreign currency exchange market. Here are a few of the tips from the CFTC to give you some insight on how to avoid scams.
First off, you always need to be wary of people who promise huge returns at low or no risk. If you see ads that say things like, "Make $2500 in minutes" that is a pretty good sign that they are not a reputable company. A reputable company will always temper the allure of large profits with warnings that you can also lose just as big or bigger. The Forex market is not a cash cow; there are risks just as there is with any investment opportunity. People who are unaware of the risks involved usually quit trading when they begin losing money.
You were equipped at birth with the ability to question and reason. Use it and be suspicious of everything until you verify that a company is reputable. Use the CFTC and investigate the company or broker you are thinking of doing business with by checking their fraud alert pages. Another good thing to do is see if the company is registered with the CFTC or if they belong to the National Futures Association. By using these resources you can easily find out if there have ever been disciplinary actions taken against the company you are investigating. You can also verify addresses and phone numbers. With the ease of access on the Internet, it has become increasingly easy to run fraud scams with false credentials and fake names.
Just think about how easy it is to have an online presence now. A Domain name is less than ten bucks and you can get web hosting for less than $10 a month. That is a pretty cheap investment for the opportunity to reach millions of people and part them and their money. Be sure to take the time to investigate and verify the people you are considering with the agencies I mentioned above before you give them any private information or credit card numbers. Forex trading can be a wonderful experience and business. Just make sure you work with a reputable company and do your homework.
1. A Forex trader could trade more transaction compared to the futures market (the trading volume could be a times larger), and the risk will be strictly under control. The trading volume of the Forex market is 46 times larger compared to the futures market, moreover Forex traders could make more profit from the Forex market due to the larger trading volume (the transaction volume is a few times larger), the REFCO Switzerland rich transaction platform allowed transaction between 1-100 times to be carry on, moreover a Forex trader could decide his or her own transaction amount, for example: Your account has $30,000, the basic transaction unit is each $1,000 (which transaction amount in $1.00, million), namely, so the proportion of the margin of each transaction unit is 100:1.
2. The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required, the Forex trading system will automatically settle your position, this means even if a Forex trader suffered losses, moreover if the market is suffering from a disaster fluctuation, your loss could not surpass your account amount. In order to understand the advantages, please apply for the demo account to carry on the complete zero risk.
3. A Forex trader will receive a large limitation of liquidation and a relatively fair market because the trading volume of the Forex market is large and it is also the largest liquidation market in the world. At present the trading volume in the Forex market is 140 billion Dollars, such big market will completely digest your transaction cash.
4. A Forex trader may do 24 hours transactions and other markets are different, the Forex market is a 24 hour linkages market, it starts from every Sunday before dawn Australian Sydney market, substandard collect the transaction center Singapore, Tokyo, London, Frankfurt to New York continuously to open, such linkage market enable you to do 24 hours transactions, also provide flexibility for Forex trader to do transaction.
A Key To Successful Forex Trading And Trading For A Living Every one has his days when no matter how well he has planned out his trades, he may find some of his trades not performing to what is planned. It is only natural for one to feel upset, but for the follower of a forex trading system, making money or losing money from that trade is not the paramount objective.Why is this so?For the trader who employs a forex trading system, he can still face the losing trade with a smile, because he has had followed through the trading signals in a disciplined way, and it is only when a trader follows a system, he can be sure of keeping his losses small and to live to trade again another day.By using a forex trading system, the trader can have a cool head, and can face his trades rather unemotionally. He can execute his trades following pre-determined price levels of initial stop loss, trailing loss and computed and projected price profit.He knows his tolerable level of loss, his threshold of pain - and of course, his risk to reward ratio even before he trades.Now when a trader has a trading system and follows through the trading plan, making profits is a natural result when he makes a correct trade. But when his trade is wrong, his forex trading system will very quickly show him that the direction of his trade is wrong, so that he is out of the game fairly quickly.I am often flabbergasted at some very broad claims of some traders who condemn day trading systems and relegate them to the garbage bin. When you look at forex trading systems, review them quickly by peer recommendation whenever possible. By peer recommendation, I mean you can ask existing traders their experience on the trading system, and how they are doing with it. Posting to the numerous reliable trading forums will allow you to receive some independent reviews fairly quickly. At the same time, my personal experience, and that of many other professional traders is that day trading can be profitable, though it is never easy to day trade. Otherwise, how is it that so many day traders are able to earn their income day trading the short swings of the market daily for a living? So it is important for you to have a broad view of forex trading systems if you are contemplating of learning or purchasing any trading system that relates to day trading.If you ever wish to trade successfully, whether you day trade or swing trade, it is important that you have a trading system that will allow you to approach trading in a disciplined manner. It is only when you are a disciplined trader that you can see consistent large gains and small losses.
Should I use a FOREX Brokers ?The Forex market is not, most people would agree, the place to cut your teeth as a trader. Novices can very quickly get their fingers badly burnt. But inexperience is not the only broker reason to consider using a Forex to trade in the high risk international currencies market.Equally as important is having the right temperament for a high pressure market where swings are commonly pendulum-like and fast moving. Not only are Forex traders required to readjust mentally to juggling twin-faceted currency transactions, they also need to keep a calm brokers head. Fear and greed are, without a doubt, the enemies of the successful Forex trader. Before entering the Forex market for the first time, whether or not you have experience in trading stocks and shares, you should carefully consider whether the Forex is for you. Not all investors are suited to Forex trading, and finding out too late can result in heavy losses. If you have doubts about your investment objectives, experience and risk exposure, then you should seek the advice of a Forex Brokers or risk having your initial investment rapidly wiped out. So what should you look for when selecting a Forex trading ? Experience and reputation are two good starting places for the selection process. Do as much research as possible ask in online forums for anyone with first hand knowledge of the company.Because of the global nature of the Forex Brokers there is a diverse range of financial regulatory environments depending on where the company is based. One of the most unregulated countries is the US, so in the absence of independent verification of a company’s continuing financial brokers stability doing your homework thoroughly is imperative.It should be emphasized, of course, that there are very many top quality Forex company around who provide excellent customer service and value for money. The message here is that selecting the right company for you takes time and effort. In the end, it may well save you a lot of dollars and heartache.Be skeptical. Examine any claims made about high returns and low margins, especially if the company is vague about the risk involved and are unwilling or unable to disclose financial information on the strength of their company. Low margins may sound competitive, but in reality this is because speculating against you and relying on the low margin to stop out your gains.Small minimum investments should also sound alarm bells. To make serious investment strategies work small sub-$10,000 sums are unlikely to cut it in the Forex. Moreover, the forex company offering small minimum investments are also likely to be those offering low margins as well. And all for the same reason.
There are many many advantages over the various other ways of investing. First of all it is a 24 hr market, except for weekends of course. You have the US market then the european and then the Asian. One of the great times to trade is during the over lapping periods. The USA and european overlap between 5am & 9am eastern and the Euro & Asian between 11pm & 1am eastern. Usually the busiest time and best to trade.
The is also the risk factor for the accounts. With futures and options you can get margin calls that can wipe you out. If you get caught in a bad trade not only do you lose the money in the account but you may have to come up with alot more from your pocket. It can be very risking. But not in Forex. Worst case senerio you could lose whats in you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day and leave it alone. If market takes a bad move and you weren't there. OOOPS. But That wouldn't happen with a smarth trader.
Then there are the demo accounts which is an account where you can trade using all the right things, platform,charts,and information. But you are using play money, or what we call paper trading too.
Plus with Forex you have a mini account. Instead of needing thousands of dollars to get into it. You can open an account with as little as $300.00. Now of course you will be trading at 1 tenth of a trade. IN other words you controling 10,000 instead of 100,000.00 These are call lots. Which also means you will only risk 1 tenth too!
This is all about making a fortune with Forex. Most traders just go with the flow and make average gains, with this article you will learn what makes some traders stand out and a lot richer than others!
We are going to assume that you know how to trade, and has quite an experience in trading.
With simple changes in your trade selection, money and risk management, and mindset, you can change that average gains into larger ones!
Fast money is in Forex, it is a lifestyle. here is it how its done.
Tip 1 . Embrace Changeability and Risk With a Smile
Forex systems have instability.
If you cannot manage and calculate your risk, then don't ever think about trading in Forex. Many traders back away from forex because of this ( why do you even traded in the first place?). But taking manageable risks has its rewards.
It's just simple, you know what your losing if ever it doesn't work out, yet what you gain is unpredictable but sure is high! That is what I call excitement, my friend.
To a well-educated Forex trader, this is something you shouldn't be afraid of, might as well embrace it.
Tip 2. Trade Less, gain more
Most traders think that if they don't trade, another door has closed, or miss some move. The tendency, they trade frequently. Most of the trades that come big come a few times in a year. Focus on the trades that make the really big gains. Be alert, and informed.
Tip 3. Diversify is a no-no
Most Investors accept the fact that diversification can make money fast - in reality it does exactly the opposite.
Tip 4. Money and Risk Management
This article has been concentrating on the Big gains, because this is your money, so every penny should be controlled, this is where money management kicks in.
Control your risks, but increase your chances of success:
- Give yourself staying power by buying options at or in the money, this prevents you from getting stopped out. Many traders lose not by the market direction, but because they were stopped out by a instable move, and options will give you staying power.
- Keep your stop in its original position - until the move is well in profit, before moving it up.
- Trading fast and selectively - have the courage to trade when you feel it is good. and enjoy the cash.
Tip 5. Compound growth has its benefits
The way to make money fast in forex, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.Break the norm, and gain more. Follow some of these tips and make your way into the big gains!
Over recent years online Forex trading has now become big business and certainly in the financial sector this is the biggest market of all in the world. The reason why this market has grown compared to the many other financial markets is because of the rise in the number of traders working online rather than using the more traditional method of trading by using the phone. Because of this increase there are a number of sites which are now offering to people the chance of learning about this through taking free online Forex trading courses. However as with a lot of things in life today sometimes the best things in life are not for free and certainly the same could be said for many of these courses. When you are considering taking an online forex trading course, there are a number of things that you will need to take into consideration. 1. Who is offering this course? 2. Just why is it they are offering to provide you with a book to learn about Forex trading for free? 3. Are they actually offering this course because they are promoting a particular trading site and then want you to enroll on it? 4. Once you begin to read the book do you find that they are being extremely pushy when it comes to actually getting you to use a particular website to invest your money in? The answers that you provide to the above questions will help to show you just how honest the information being provided to you for free is. One way of discovering if the free online forex trading course that you are looking at is of the highest standard is by looking at how much of the information contained within it is replicated elsewhere. You will soon learn that a lot of the information you find in some of the free online forex trading course books can easily be found when you search the net. So rather than using these books or courses to teach you how to trade on the Forex market instead use the advice and articles about the subject that are being offered on other sites. Plus why not join one of the many forums that have been set up and discuss your issues with some of the people here. They are people who have been trading on the Forex market for some time and will often offer you the best advice when it comes to finding a suitable course for learning about Forex trading. Certainly the better free online Forex trading courses are those that do not limit themselves to telling you about how one company trades. Rather it should be providing you with views of all the sites that are available and which are run by established companies. Any such courses should be prepared to provide you with everything that you need to know about the world of Forex trading and not restrict you to using the services of just one or the abilities of one company.
5 Common Mistakes Losers Make and How to Win at Forex
Forex trading is more popular than ever and it's a known fact that everything about Forex trading can be specifically learned but 95% of traders still lose. So how do you avoid the losing majority and enter the elite 5% of traders, who make huge gains? Let's find out.
Here are the reasons the vast majority of traders lose and there all avoidable mistakes.
1. They think they can get rich with no effort
These traders follow cheap software packages which claim big gains with no effort and they soon get wiped out. If you want to make money, you need to make an effort - it's as simple as that.
2. Not Understanding the Dangers of Leverage
Leverage can work for or against you and most traders simply leverage their money to much and get wiped out. Over leveraging an account, will sooner or later lead to a wipe out so use sensible leverage. Leverage of 10 or 20:1 is enough for most traders.
3. Over Trading
Forex trends last for many weeks, months or years yet, most traders try and scalp a few pips in a day or two. The result is they take low odds trades, lose or make marginal gains which never cover their inevitable losses.
Keep in mind, you don't get rewarded for how much you trade, just how much you make per trade! So focus on high odds trades which are long term.
4. Over Complicating a Trading System
Many traders think 10 indicators are better than 2 but this is not true. If you make your system to complex, with to many rules, it will simply have too many elements to break in real time trading. All the best systems are simple and yours should be too.
5. Not Trading With Discipline
If you want to enjoy profits longer term, you need to have strict money management and trade with discipline. This means you take your losses and keep them small -Sounds simple?
Well most traders can't do it, they let their emotions get involved, run losses or override their system rules and lose. Forex trading is not about ego or being right all the time, it's about making money and you can actually lose far more trades than you win and still make money, if you run your profits and cut your losses.
All traders even the top ones, will lose for periods and you will too and how you deal with these losses, will determine if you enjoy long term currency trading success or not.
Winning at Forex Trading
If you want to win at Forex trading you can. You need a simple robust trading strategy you have confidence in combined with the discipline to trade it.
You need to keep losses small and run your profits - this has always been the way to succeed and always will be. If you put in the effort and have the right mindset, no other business can make you as much money as global Forex.
1. “If you get in on Jones’ tip; get out on Jones’ tip”. If you are riding another person’s idea, ride it all the way.
2. Run early or not at all. Don't be an eleven o'clock bull or a five o'clock bear.
3. Woodrow Wilson said, "a governments first priority is to organize the common interest against special interests". Successful traders seek out market opportunities capitalizing on the reality that government's first priority is rarely achieved.
4. People who buy headlines eventually end up selling newspapers.
5. If you do not know who you are, the market is an expensive place to find out.
6. Never give advice-the smart don't need it and the stupid don't heed it.
7. Disregard all prognostications. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word-nobody! Thus the successful trader bases no moves on what supposedly will happen but reacts instead to what does happen.
8. Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.
9. Except in unusual circumstances, get in the habit of taking your profit too soon. Don't torment yourself if a trade continues winning without you. Chances are it won't continue long. If it does console yourself by thinking of all the times when liquidating early preserved gains you would otherwise have lost.
10. When the ship starts to sink, don't pray-jump!
11. Life never happens in a straight line. Any adult knows this. But we can too easily be hypnotized into forgetting it when contemplating a chart. Beware of the chartist's illusion.
12. Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic.
13. Whatever you do, whether you bet with the herd or against, think it through independently first.
14. Repeatedly reevaluate your open positions. Keep asking yourself: would I put my money into this if it were presented to me for the first time today? Is this trade progressing toward the ending position I envisioned?
15. It is a safe bet that the money lost by (short term) speculation is small compared with the gigantic sums lost by those who let their investments "ride". Long term investors are the biggest gamblers as after they make a trade they often times stay with it and end up losing it all. The intelligent trader will . By acting promptly-hold losses to a minimum.
16. As a rule of thumb good trend lines should touch at least three previous highs or lows. The more points the line catches, the better the line.
17. Volume and open interest are as important to the technician as price.
18. The clearest and easiest way to determine a trend is from previous highs and lows. Higher highs and higher lows mark an uptrend, lower highs and lower lows mark a downtrend.
19. Don't sell a quiet market after a fall because a low volume sell-off is actually a very bullish situation.
20. Prices are made in the minds of men, not in the soybean field: fear and greed can temporarily drive prices far beyond their so called real value.
21. When the market breaks through a weekly or monthly high, it is a buy signal. When it breaks through the previous weekly or monthly low, it is a sell signal.
22. Every sunken ship has a chart.
23. Take a trading break. A break will give you a detached view of the market and a fresh look at yourself and the way you want to trade for the next several weeks.
24. Assimilate into your very bones a set of trading rules that works for you.
25. The final phase in a bull move is an accelerated runaway near the top. In this phase, the market always makes you believe that you have underestimated the potential bull market. The temptation to continue pyramiding your position is strong as profits have now swelled to the point that you believe your account can stand any setback. It is imperative at this juncture to take profits on your pyramids and reduce the position back to base levels. The base position is then liquidated when it becomes apparent that the move has ended.
1. The Forex market has a lot of advantages compare to stock market: A Forex trader could make profit through the market no matter if it is bearish and bullish which is different from the capital market, Forex has no strict regulation in speculation, no matter whether it is a long-term or a short-term transaction there is still a hidden profit, moreover, Forex market is a double-transaction market which means Forex traders could make profit through both upward and downward trend.
2. Forex traders could obtain a much larger transaction compared to the stock market, through the Forex trading, Forex traders could obtain 100 times larger transaction compared to the stock market. According to the present US situation, if a Forex trader invests $1,000 in the stock market, the trader may obtain $2,000 of stock domination property with a proportion of 2:1, but through Forex trading, a Forex trader can do transaction with a proportion up to 100:1. Forex trader may make profit from the ordinary news, like the interest rate change, Forex market is closely related to various countries' politic, economy and culture, Forex traders could also obtain profit from other kinds of news, for example interest rate level change, will influence the interest of the Forex deposit.
3. Forex traders could do 24 hours trading. The stock market can only be traded during daytime at a specific time, generally from 9:30a.m. to 4:00p.m.. If you too have your own full time job, then you will face the dilemma - either to give up your full time job or forgo the trading opportunity. But Forex market can be traded 5 days a week and 24 hours a day, Forex traders can trade during their free time which is normally at night after working hour.
4. If a trader analyze based on technical analysis, Forex trading would be much more suitable for such traders because the Forex market has a very large trading volume. Currently the Forex market has daily trading volume of 190 billion Dollar, such giant market will completely digest a fore trader's transaction cash, under such situation the accuracy of the technical analysis would be much higher then any financial market, the chances of using technical analysis to make profit would be much more higher.
5. In the stock market there are hundred and thousand kinds of stocks, then choosing stock will be a very difficult matter. But in the Forex market, the currency combination is extremely limited, this may enable Forex traders to concentrate on these currencies combination, and could follow the trend quickly.
As you start analyzing forex charts you will realize that the market often display's some very familiar patterns of price movement. Once a pattern is established, it becomes the most probable course of future price action until the market changes.There are two types of markets which will become very important for you to identify and understand; these are: trending and trend-less markets. Each market type has two specific patterns which you will also notice over time.
These market types and patterns are defined as follows:
Trending - Steady elongated price movements with less than a 45 degree angel with occasional pauses, profit taking, or resting periods.
In a Trending market, you have also other patterns:
- Uptrends - A pattern of higher highs and higher lows.
- Downtrends - A pattern of lower lows and lower highs.
Trend-less - Erratic price movements which are often steep ( greater than 45 -degree angle ) and cannot sustain and therefore must reverse. Although the movements can move many points in a short period of time, they often result in very little net price movement over time.
In a Trend-less market, you have these patterns:
- Choppy - An erratic pattern of higher highs and lower lows.
- Sideways - A narrow pattern of lower highs and higher lows.
While up-trend and down-trend days can offer excellent trading results, choppy markets often create stop outs, while sideways markets produce for little in either direction making them hard to trade and to make any profit during these periods.
Your trading objective is to get into a trending market and ride the trend until you make your target profit objective.
There are many Trend Trading Strategies that you can find in a number of sources listed in my website. You will learn how to identify and draw your own channel trendlines, support and resistance lines, triangle patterns, chart key top and bottom formations, etc.
Remember, knowledge in the Forex markets is power, and more than power; money.
Electronic trading is growing in the FX market, and algorithmic trading is becoming much more common. According to financial consultancy Celent estimates, by 2008 up to 25% of all trades by volume will be executed using algorithm, up from about 18% in 2005.[citation needed] An algorithmic trader needs to be mindful of potential fraud by the broker. Part of the weekly algorithm should include a check to see if the amount of transaction errors when the trader is losing money occurs in the same proportion as when the trader would have made money.
Ask most NEW traders, and they will tell you about some moving average or combination of indicators or a chart pattern that they use. This is, as the more experienced trader knows, an entry point and not a strategy.
Any trader who is more experienced will say a strategy should also include money management, risk control, perhaps stop losses and of course, an exit point. They might also say that you must let your profits run and cut your losses short. A well-read trader will also tell you that your strategy should fit with your trading personality.
BUT there is one other vital ingredient that many traders forget - and that is to fully understand the "personality" of what you trade. Some traders specialise in say, gold or Brent crude or currencies or they might specialise in a particular index such as the FTSE 100 or the Dow but many traders choose to trade shares. Indeed some traders dabble in a bit of everything. I think this is the area that causes many traders to fail or at least not reach their full potential.
In my view: You absolutely MUST specialise.
I am sure that on the surface most people would say that sounds sensible but here is why it is a MUST!
Superficially, many charts look the same. I bet if you had not seen the charts for some time and someone where to show you a chart of Brent Crude over 6 months and then a chart of Barclays PLC over the same 6 months you would be hard pushed to say which was which purely on the look of the chart.
However, I bet that if you found a trader who trades ONLY Barclays day in and day out and also found someone who trades ONLY Brent Crude day in and day out, both of them would easily identify which was which. WHY?
Because every share, index or commodity has it’s own "personality".
Some will be volatile intra-day, some will follow their sector or the main index (market followers), some will do their own thing, some will spike up and down regularly, some will stop at key moving averages and some will just plough through. Some will move by 5% on average before they retrace and some by 2%. Some will gap up or down regularly, some will not. You get the idea!
Therefore, no matter how good you are at analysing indicators, moving averages, trends and patterns, the same strategy WILL NOT work for everything. I would go so far as to say that a strategy that works well for Bovis Homes, for example, is likely NOT to work for BT Group - they have very different "personalities".
So let’s return to our question: What makes a good trading strategy? Let me answer with a series of ten questions that you need to find answers to, in order to build a REALLY GOOD strategy.
1. What do you want to trade (share, index, commodity, currency, etc)? If your answer is shares (plural) I would urge you to pick one typical share at this stage to really specialise. You can add more later. 2. What "personality" does that share, index etc have? 3. What entry system is the most reliable for that share? 4. What stop loss system is the most effective for that share? 5. What average risk will a typical trade carry? 6. What exit system works well for that share? 7. What is your trading personality (attitude to risk, losses, discipline, how much do you worry etc) and can you trade that strategy without overriding it? 8. What timescale do you want to trade? (Using intra-day or end of day data) 9. How much data do you keep on past trades to help identify strategy weaknesses? 10. How does all this fit with your trading objectives?
Once you have an answer to each question you need to do one final thing. Make sure all those things fit together and complement each other. For example, if the ideal stop loss position represents a big average risk and conflicts with your own attitude to risk, you need to start again. If you will override your exit point because greed makes you hang in for more, you need to think again. Perhaps you shouldn’t trade that stock in the first place - look for one with a different "personality" which will lead to a strategy you can trade comfortably.
It is a long and sometimes painful iterative journey. You might need to go round and round in ever decreasing circles over a long time. Testing and refining, testing and refining before you can truly have a reliable and repeatable strategy that REALLY WORKS for you.
THEN, you can look for other things to trade that have the same "personality" as your specialist stock, index, commodity or currency.
In order to succeed in forex trading you need to know what the purpose of trading forex is. Forex trading as you know is the trading of online currency and the key to success is to buy low and sell high just as with any other market. Your task as a forex trader is to try to determine the trend of the particular currency you are looking to either buy or sell and to utilise the forex trading strategies to ensure that a profit is made.
Now that you know the purpose of forex trading the next step in knowing all about forex is to understand the codes, definitions and numbers used when trading. All currencies used in forex trading are assigned a three letter code. An example of this is the US dollar which is USD or the Euro EUR. Online currency trading is done in combinations that are known as a cross and these are represented by 6 letter words with the more expensive currency coming first. An example of this is GBPUSD which will show you how many US Dollar you will need to pay for one British pound. These rates are shown as five digit numbers for example GPBUSD = 1.6262 which means that 1 British pound is worth 1.6262 US dollars. When the rate changes the change will be displayed in bold, eg GPBUSD = 1.6264 which will mean that the rate has moved by 2 points. Knowing this is the key to successful forex trading and your key to profit.
When you enter the forex trading market you will enter as a buyer or a seller of a particular currency. If you are a seller you price is known as the ASK price and the buyers price is known as the BID. You can only buy currency from a seller with an asking price the same as the BID price.
These are the main beginner’s points to note when it comes to forex trading and knowing what the purpose of trading forex is and knowing all about forex before you enter into the market can make a big difference when it comes to your profits.
Today there are many people in the world that are using Forex to make money. Forex trading is buying and selling currencies to make profit from it. It can be a great money making business if you can do it right. It is the type of business that you can make thousands of Dollars each month if it is done correctly.There are some major advantages to Forex Trading.The long hours that the forex market is open, it trades 24 hours a day for 6 days per week and is the most liquid market in the world. So even if you have a full time job you can still come home and trade. It is a great way to start out, paper trade build up confidence start achieving financial success then you can leave your current job. It doesn't matter what the market is doing as you can just as easy go long (buy currency) or go short (sell currency) so there is never a bad time unlike buying stocks. The liquidity means that you have no problem selling.* You don't need thousands to start. The reason that you don't need massive bank balance is because you can use leverage, in some cases you can get 400:1 so if you have $1000 you can leverage that into $400,000, which can make for great profits. Also you don't pay brokerage or commissions. If you are looking for a great Forex Broker feel free to visit us and we can show you the best forex brokers in the markets. The market will never go broke. Unlike share trading where companies can collapse it is very unlikely to happen in Forex. Imagine if the USD was worth $0, so you can see very unlikely. If you are new to the foreign exchange market, you do not have to worry about spending thousands of dollars to learn or buy a course. There is online forex trading course that will explain how the forex market works and a forex tutorial will also explain about fundamental and technical strategies that are available to you as a forex trader. Work your own hours if you don't feel like trading then you don't have to, it will always be open tomorrow. To learn Forex Trading is very simple today all you need is a computer and forex broker* To ensure that you can become successful in Forex Trading make sure that you get some education, as knowledge is power. You can start out learning online or through books it doesn't have to be through expensive course.
Do you think that forex trading is easy or difficult? If you are like most people, you would feel that forex trading is a risky and difficult financial game.
If you think it this way, how can a game with only two options (buy and sell) be so difficult?
It has lesser commands than your typical Xbox360 game! The reasons why most traders can keep losing money are that they are not following the simple rules that have made the top traders so rich. Now learn to trade forex with these 5 simple and powerful trading rules that the top traders use.
1. Obey the trend or else they will kill you
People say that trends are friends. Well, I would say trends are like wave of tsunami that sweeps anyone away who goes against it. Do not try to trade against trend or you will surely get killed.
Trends are so powerful because they are directed by the majority of the traders. They all have the same opinion where the prices should go. So learn to trade forex by following the trend. It will greatly improve your net profits in the long term.
2. Stick to your trading plan and embed it into your DNA
If trend is like a tsunami wave, a trading plan would be the actions to get you out safety and profitably.
Most traders get confused in the trading market due to the zig zag manner in how the prices move. These are noises in the market and will often interfere with your emotions to trade properly. In this kind of situation, you need to follow your trading plan to keep calm. Learn to trade forex like a robot who only follows the trading plan.
3. Trade with the money you simply do not care
Money is the holy idol of many people. Nothing wrong about that but the temporary loss and gain of it during trading will constantly affect you to trade properly.
If you are having this problem, treat your money as a business inventory instead. It is simply an expendable business inventory that you have to sacrifice to make you more money.In order to do that, you should allocate money that you can afford to lose without any pain. Learn to trade forex without any pain and then you can follow your trading plan faithfully!
4. Trade the currencies that is world is looking
Noise is a killer in forex trading. It causes traders to exit or enter at the wrong time. The noise level in thin currencies is the worse. Big traders can manipulate the currencies easily to hit your stoploss before continuing your intended direction.
We do not want to put ourselves in difficult spot so we only trade the major currencies. These currencies are traded by most the forex traders in the world and thus they follow a steady trend.
Learn to trade forex using the big 5 currencies only: USD/EUR, USD/JPY, USD/GBD, USD/CHF, and EUR/JPY. They have high liquidity as they are traded by the majority of the traders.
5. Make Forex dull and professional
Make forex trading another dull routine of yours. Every day you simply fulfill this routine by following your trading plan.
Excitement and any kind of emotions do not make you any money. They are merely making you ineffective in trading. If you are trading with the money you can lose without any pain, there is absolutely nothing in forex trading that can cause your emotions to go wild.
The automation of forex trading has resulted in gaining in its popularity. Small and mid level investors are now getting into the foray of what was once only dominated by banks and other large financial institutions. This is the market where one currency is traded against currency of another country. With trillions of dollars being traded twenty four hours a day, it makes this one of the largest and most dynamic financial markets.
Now that there is internet and advanced computer technology in place, any one with an internet connection, a forex trading account and good brokering knowledge can trade in forex. You could choose a currency and its price before hand with the help of these automated systems. All you require is your seed money and a broker because your buy and sell orders can be executed in no time.
You can profit from forex trading without becoming an expert as these automated systems can make this happen. Automated trading through managed accounts, the program itself takes the responsibility of trading for you. Therefore automated systems help you save time as you do not handle the trading yourself. When you monitor the market well, the auto trading system can help you trade multiple accounts simultaneously; this was never fully possible ever with manual trading. These trading programs allow you to play in any number of markets trading multiple systems.
You do not have to be present and can trade any time you like with the help of these forex trading systems. Even when you are absent from your computer, you can not miss a single trade. The system helps you to deploy all the profitable forex strategies using a variety of systems. You can divert your investments and minimize risk because each system is geared to be triggered by different trade indicators.
The automated forex trading system also does away with all human emotions which often affect rational trading decisions. It enables you to manage and monitor many currency pairs and trade them as you deem fit.
You can not expect consistent and sustainable profits if you do not pay attention to learning the basics of trading because no automated forex trading system can help you with these. The market is dictated by several factors; therefore there is no guaranteed success by simply using automated trading systems. You can customize the automated forex trading system according to your specific requirements.
* Volume: 78cm3 * Length: 122mm * Width: 42mm * Depth: 15.5mm * Weight: from 198g to 210g
MODELS
* 18 Carat Yellow / White Gold Pavé * 18 Carat Yellow / White Gold Pavé With Baguette Keys * Platinum Solitaire * Rose Gold Pink Sapphires * Rose Gold Pink Diamonds * Yellow Diamonds * Black & White Diamonds
PERFORMANCE
* High-performance 20mm handsfree loudspeaker * Advanced Yamaha polyphonic hardware * From 3 to 9 hours talk time * Up to 300 hours standby time * Coverage in over 175 countries worldwide * (EGSM 900/1800/1900 networks)
Standard Talk time Up to 7.5 hours Standby Up to 330 hours
Camera
Camera Resolution 8 Megapixel Digital / Optical Zoom Digital zoom 9x LED Flash Dual Power LED Auto Focus Yes Shot mode Smile Shot, Blink Shot, Panorama Shot, Macro Shot
Video
Video player Yes Video recording Yes Video messaging Yes Video Streaming Yes Video telephony Yes Music & Sound Music Player Yes Poly Ringtones 40 Poly MP3 Ringtone Yes
Fun & Entertainment
Embedded JAVA™ Games Yes Embedded Wallpaper Yes FM Radio Yes
Network & Data GPRS, EDGE, 3G Band 850/900/1800/1900 Operation System Windows Mobile PPC 6.1 Browser Pocket Internet Explorer, Opera 9.5 Java JAVA™ MIDP 2.0 GSM/CDMA GSM 3G Yes
Talk Time (Standard) 1440mAh Standby (Standard) up to 430 h (2.5G) up to 450 h(3G) Talk Time (Long Life) up to 10 h (2.5G) up to 6.5 h (3G)
User Interface
Input Device Full Touch Screen
Camera
Camera Resolution 5.0 Megapixel Digital / Optical Zoom Digital Zoom (x4) LED Flash Power LED Auto Focus Yes Shot Mode Single / Continuous / Mosaic /Panorama/Smile Photo Effects Accent/Swap/B&W/Sepia/Green/Aqua/Negative /Solarize1/Solarize2/Solarize3/Solarize4/Emboss/Outline/Watercolor
Video
Video player Video Player(MPEG4/H.263/H.264/WMV/Dvix/Xvid) Video recording Video Recording (MPEG4 / 3GPP) Video messaging Yes Video streaming Yes Video telephony Yes Video wallpaper No
Music & Sound
Ringtones 40 Polyphonic Ringtones,MP3 Ringtones Music Player Music Player (MP3 / AMR-NB/I-Melody/SMAF/XMF/MIDI/SP MIDI/ AAC/AAC+/Enhaced AAC+ / WMA) 3D sound technology Yes Music Library Yes DRM WMDRM(ILA) OMADRM1.0 OMADRM2.0(operator dependent)
Fun & Entertainment
Embedded JAVA™ game Yes Embedded Wallpaper Yes Mobile TV Yes FM Radio Yes Pod Casting Yes
Business & Office
Document Viewer Yes Mobile Printing Yes Offline Mode Yes
Messaging
SMS / MMS Yes Predictive Text Input T9 Yes Email Email (POP3 / SMTP / IMAP4) Push to Talk No Cell Broadcast Yes vCard / vCalendar Yes Instant Messaging Yes
Connectivity
Bluetooth Yes WAP Yes USB USB2.0 AGPS Yes PC Sync Application Yes TV-output Yes NFC Near Field Communication No Internet HTML Browser Yes IrDa No Wi-Fi Yes
Memory
User Memory 8GB/16GB User Memory (SMS / Phonebook upto 120MB) SMS Memory upto 120MB Phone Book Entries upto 120MB External Memory External Memory (microSD)
Personal Information Management
To do List Yes Scheduler Yes Clock Yes Calendar Yes Worldtime Yes Alarm Yes Converter Yes Calculator Yes Stopwatch Yes
Call Functions
Speakerphone Yes Dialed / Missed / Received Calls Yes Multy Party Yes
* Form: Side-slide with tilting screen * Volume: 88 cc * Dimensions: 117.2 x 55.3 x 15.9 mm (18.25 mm at thickest point) * Weight (with battery): 150 g * Additional size and shape information: o Sliding tilt mechanism
Keys and Input Method
* Full slide out keyboard * Cover keys (S60 keys, Menu key, Send/End keys) * Touch screen * 4-way navigation key with centre select * Dedicated camera and volume keys
Memory
* microSD memory card slot, hot swappable, up to 16 GB * Internal memory: 32 GB
Connectivity
* Bluetooth version 2.0 with Enhanced Data Rate * TV out * Support for local and remote SyncML synchronisation * High-Speed USB 2.0 (micro USB connector) * 3.5 mm AV connector
Display and User Interface
* Size: 3.5" * Resolution: 640 x 360 pixels * Up to 16.7 million colours * Resistive touch screen with separate touch foil and touch feedback * Brightness control * Orientation sensor * Proximity sensor * Ambient light detector
Power Management
* BP-4L 1500 mAh Li-Ion battery * Talk time (maximum): o GSM up to 570 min o WCDMA up to 360 min * Standby time (maximum): o GSM up to 430 h o WCDMA up to 400 h * Video playback time (maximum): VGA 30fps * QCIF 15fps up to 5.5 h * Video recording time (maximum): up to 1 h per clip * Music playback time (maximum): up to 40 h
Operation times may vary depending on radio access technology used, operator network configuration and usage.
* GPRS class A, multislot class 32 * WCDMA maximum speed up to 3.6 Mbps * HSDPA maximum speed up to 3.6 Mbps * WLAN IEEE 802.11b/g maximum speed up to 11Mbps/54Mbps
Requires data service. Data Services may not be available in all networks. Data transmission speeds may be as high as 3.6 Mbps, but may vary based upon network capabilities and other conditions. The establishment and continuation of a data connection depends on network availability, provider support and signal strength.
Colours and Covers
* Available colours:
o Transition Black light o White
Personalisation
* Customisable homescreen:
o Widgets o Themes o Icons o Shortcuts o Menu * Ring tones
Software Platform and User Interface
* S60 5th edition * Active standby * Voice commands * FOTA (Firmware update Over The Air) * Automatic UI rotation * Software updates
Applications
* E-mail (SMTP, IMAP4, POP3), MMS, SMS, unified editor * Viewing of email attachments – .doc, .xls, .ppt, .pdf * Mail for Exchange * Data: Calendar, Contacts, To-do, Notes, E-mail * PC Applications: Microsoft Outlook, Outlook Express, Lotus Organizer, Lotus Notes
* Some services may be available only via downloading or upgrading.
Personal Information Management (PIM)
* Detailed contact information * Calendar * To-do list * Notes * Recorder * Calculator * Clock * Converter
Email & Messaging
* Easy-to-use email client with attachment support for images, videos, music and documents * Support for SMTP, IMAP4, POP3, MMS, SMS. Unified SMS/MMS editor * Email web widget * Nokia Email * Mail for Exchange*
Other
* Personal Information Management (PIM) * Search content in device and search on the Internet * Quickoffice document viewers (Quickword, Quickpoint, Quicksheet) * Adobe PDF viewer * Customization through themes, ringtones, applications * Portrait and landscape orientation modes; with transitions via dual slide operation, or auto-rotate controlled by accelerometer * Settings Wizard for easy configuration * Data transfer application for transfer of PIM information from other compatible Nokia devices * Nokia Software Updater for firmware upgrades with the user's PC, with user data preservation * FOTA (Firmware over the Air Software Updater) for firmware updates directly to the device over WLAN or 3G
* Some services may be available only by downloading or upgrading. Only devices that offer compatible multimedia message or e-mail features can receive and display multimedia messages. Content appearance may vary. Some images and ring tones can not be forwarded.
Call Management
* Contacts: advanced contacts database with support for multiple phone and e-mail details per entry and thumbnail pictures * Speed dialling, voice dialling (speaker independent) and voice commands * Logs: lists of dialled, received and missed calls * Conference calling * Integrated hands-free speakers * Video calling
Browsing and Internet
* Full web browsing of real web pages * Web browsing with touch control * Supported markup languages: HTML, XHTML MP, WML, CSS * Supported protocols: HTTP v1.1, WAP * TCP/IP support * Visual history, HTML and JavaScript support, Flash Lite 3.0 and Flash video support * Nokia Mobile Search * RSS reader * Support for Nokia Download! to discover, download and install add-on applications and widgets * Support for streaming video * Photos with view by tag cloud, month, album, slide show and photo editor * Online Share with connectivity to popular sharing services * Nokia XpressPrint: direct printing via USB connection (PictBridge), Bluetooth connectivity (BPP) or via online printing * Video call and video sharing support (WCDMA network services)
GPS and Navigation
* Integrated GPS, A-GPS receivers * Compass and accelerometer for correct orientation of display * Nokia Maps * Nokia Map loader application via PC * 3 months Walk and Drive navigation license included (some variation by region)*
* 3 month Walk and Drive navigation license included. Downloading of maps over-the-air may involve transferring large amounts of data. Your service provider may charge for the data transmission. The availability of particular products, services and features may vary by region. Please check with your local Nokia dealer for further details and availability of language options. These specifications are subject to change without notice.
Camera
* 5.0 megapixel (2584 x 1938 pixels) camera with Carl Zeiss optics * Still image file format JPEG/EXIF * Auto focus + dual LED flash * Zoom Up to 4x (digital) * Secondary camera for video calls, QCIF (176 x 144 pixels)
Image Capture
* Automatic location tagging (Geotagging) of images/videos * Cover Flow changes photos with finger motions * Images taken in the correct orientation automatically * Store photos on Ovi Share * Economic sharing to optimise battery and memory use
Other
* 32 GB internal memory, expandable up to 48 GB with microSD card * Hi-Speed USB 2.0 connectivity
Video Cameras
* Main camera o 5 megapixel with Carl Zeiss optics o Take high quality 16:9 videos * Video capture in MPEG-4 up to VGA at 30 fps * Digital Video Stabilization * Video clip length: up to 90 minutes * Video file format: .mp4 (default), .3gp (for MMS) * Settings for scene, video light, white balance, colour tone * Secondary camera o QCIF for video calls
Video Codecs and Formats
* MPEG-4 Video resolution Up to nHD 640x360 pixels or VGA at 30 fps * Video file format .mp4 (default), .3gp (for MMS) * Zoom up to 4x with VGA resolution * Video light
Video Sharing & Playback
* Enhanced video centre: central hub for video experiences * Access to last played video and easy resume * My videos: collection of stored videos * Access to Internet Videos, compatible with RSS feeds and video podcasts, with direct wireless updates and downloads * Video directory to discover new Internet Videos * Support for download, streaming and progressive download * Support for Flash video
Music Features
* Comes with Music* * Nokia Nseries Music Player * Music Recommender * Music Store * Nokia Music Manager (PC application**) * Music codecs MP3, AAC, eAAC, eAAC+, WMA * Music meta-data ID3 tags, album art * Bit rate up to 320 kbps * DRM support WM DRM, OMA DRM 2.0/1.0 * Stereo FM radio (87.5-108 MHz/76-90 MHz), RDS and Visual Radio™ support * FM transmitter
*Comes with Music is only available in selected regions. **Requires a compatible PC
Radio
* Stereo FM radio (87.5-108 MHz/76-90 MHz), RDS and Visual Radio™ support
Gaming
* Use the touch UI to play games * The side keys can also be used to control game functions * Guitar Rock Tour game included
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