Carnival of Forex Trading - August 1, 2007

Welcome to the August 1, 2007 edition of carnival of Forex trading:

Jimmy Atkinson presents 13 Socially Responsible Careers in Finance posted at Forex Blog.

Gerald Njuguna presents 7 Tips to Weed Out Fake Forex Brokers posted at Online Forex Trading Systems.

The Smart Trader presents Do You Need Trading Rules? posted at Smart Trading For Profits, saying, "Trading Rules"

Automated Trading Systems Article

A new trading article was added to my site today - Automated Trading Systems for Financial Markets and Recommendations for Their Usage by Nikita Laukhin. It describes existing financial trading platforms software which allows automated trading. Existing software and scripts are analysed from different points of view - creating (programming) and using. The main features of every system are discussed to help the traders that want to automatize their trading process to chose the right platform to go with.

New Article about Forex Brokers

David Thorpe - a Forex author which already has been publishing on this site before introduces his new article. In this article David discusses trader-broker relationship model in Forex trading and gives some valuable advices for the traders who have problems with their current broker or haven't yet decided which one to choose for a variety of Forex brokers available:

Are Forex Brokers The Antichrist or is Broker-Bashing one Gigantic Witch Hunt? - by David Thorpe

Choosing the Right Forex Broker by David Thorpe

Choosing a right Forex broker is not an easy task, I've trade a lot of before I found several brokers that I can rely on. If your broker isn't fast enough you can miss profitable opportunities, or even lose money due to slippage. David Thorpe's articles is dedicated to this topic - how to chose a Forex broker that will satisfy your trader's needs and won't be to abusive or costly in its services:
Choosing the Right Forex Broker - by David Thorpe

Elliott Waves and Tom DeMark's Trendlines

A new addition to the articles section of the site - one article about Elliott waves theory (and their practical implication) by Joseph Plazo and another about Tom Demark's trendlines (or pivot points) by Michael A. Jones:

Discover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex Markets - Elliott waves are one of the most powerful technical Forex tools; with proper use such indicator can help detect breakouts and currency pairs peaks with a very high accuracy level.

Forex Information: How To Draw DeMark Trendlines - DeMark trendlines are not difficult to understand and use, they might be of help for the basic support/resistance levels on both long and short term charts.

Article about Protective Puts in Forex

New article describing an interesting way of using Forex options in a long term trading to improve trader's money management strategy. Article is called "Protective Puts", it is written by Jogn Jagerson - an author of www.ProfitingWithForex.com.

3 New Forex Articles

Three new articles covering two different Forex trading aspects have been added to the Forex article section today. These aspects are getting Forex education and Forex technical analysis. All three articles are written by the same author - Sacha Tarkovsky and are very professional pieces of Forex information:
FOREX Education - Thinking Of Buying FOREX Advice? Read This First - about how to stop yourself from buying something that will not help you become a good Forex trader at all and how to avoid losing precious time and money on wrong education courses.
Gann Angles - A Unique Powerful Tool For Trading Profits - Gann Angles as one of the prominent technical analysis system and its application in the Forex trading.
Fibonacci Numbers - Trade For Huge Profits With This Unique Tool! - Fibonacci numbers and Fibonacci retracement levels should be well known to all technical Forex traders - they are great tool to determine the important market levels in Forex.