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Before you can get started with forex trading, there are so many questions to answer. How do I choose a broker? Should I use a demo account? What do I need to know before making my first trade?
Let’s answer these questions one at a time, in order of importance.

1. Choose a broker
Making a decision on which broker to use is personal for each trader. Some brokers offer certain options that some traders will thrive on, while other traders will hate the broker for those same options. It is important to review and compare the options of each broker closely and choose the one that makes you feel most comfortable.


2. Open a Demo Account
Once you have made your decision on which broker you like the best, it is time to open a demo account. Most brokers will offer at least a 30 day trial of their trading platform giving you a chance to trade on the platform using play money. Using a demo account is a good opportunity to make sure that you feel comfortable using the broker’s trading tools. You would not want to trade real money without being fully comfortable with the trading platform. A demo account will not only help you get a grip on how to use the broker’s trading platform, but also trading the market in real time.

3. Learn About Leverage
Forex trading is typically carried out using leverage, or trading on margin. Margin is a useful tool, but it can be very dangerous if it isn’t used correctly. Forex brokers typically offer anywhere from 50:1 leverage up to 400:1 leverage. The higher the number, the less money required to put on a large trade. The use of leverage is something that needs to be taken with a lot of care.

4. Practice Reading Charts
Before you start making trades you should get familiar with charts and how they work. It is a good idea to get familiar with the different time frames and the different types of charts. The shorter time frames will give you an idea of how the market is moving minute to minute. The longer time frames can show you how the market moves over longer periods and will show the larger trends. Most charting software will offer charts as lines, candlesticks, or bars. Take plenty of time to try out different looks and time frames to find the style that you are comfortable with.

* Learn about candlesticks
* Learn to understand support and resistance

5. Making the first live trade
The first trade is a nervous and exciting experience. The demo account prepares you for the technical aspects of trading, but when real money is on the line, emotions will come into play. It is important that you keep a level head and do your best to trade with the same methods that you practiced on the demo account. It may prove to be difficult, but if you master your emotions and use sound money management, anything is possible after this step. If your first trade loses money, do not give up, just piece together where you think you went wrong, and try again.

Forex trading is a constant learning experience. Trading mistakes can be expensive. If you learn from those mistakes and do your best to avoid them in the future, you can become a very successful forex trader.

1. 24 Hour Market
Since the forex market is worldwide, trading is continuous as long as there is a market open somewhere in the world. Trading starts when the markets open in Australia on Sunday evening, and ends after markets close in New York on Friday.

2. High Liquidity
Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. In forex this means we can move large amounts of money into and out of foreign currency with minimal price movement.

3. Low Transaction Cost
In forex, typically the cost for a transaction is built into the price. It is called the spread. The spread is the difference between the buying and selling price.

4. Leverage
Forex Brokers allow traders to trade the market using leverage. Leverage is the ability to trade more money on the market than what is actually in the trader's account. If you were to trade at 50:1 leverage, you could trade $50 on the market for every $1 that was in your account. This means you could control a trade of $50,000 using only $1000 of capital.

5. Profit Potential from Rising and Falling Prices
The forex market has no restrictions for directional trading. This means, if you think a currency pair is going to increase in value; you can buy it, or go long. Similarly, if you think it could decrease in value you can sell it, or go short.

Forex trading is typically done through a broker or market maker. As a forex trader you can choose a currency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 1,000 Euros in January of 2005, it would have cost you around $1,200 USD. Throughout 2005 the Euro’s value vs. the U.S. Dollar’s value increased. At the end of the year 1,000 Euros was worth $1,300 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain.

Forex trades can be placed through a broker or market maker. Orders can be placed with just a few clicks and the broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.

Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.

For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.

More and more well informed investor and entrepreneurs are diversifying their traditional investments like stocks, bonds & commodities with foreign currency because of the following reasons:

1) FOREX is the largest financial market in the world.

With a daily trading volume of over $1.5 trillion, the spot FOREX market can absorb trading sizes that dwarf the capacity of any other market. In fact, when compared with the $50 billion daily market for equities or the $30 billion futures market, it becomes quickly apparent this gives you, and millions of other FOREX traders, almost infinite trading liquidity and flexibility.

2) FOREX is a True 24-hour market.

The FOREX Market never sleeps. Trading positions can be entered and exited at any moment around the globe, around the clock, 5.5 days a week. There is no waiting for an opening bell as in the case of trading stocks. It is a 24- hour, continuous electronic (ONLINE) currency exchange that never closes. This is very desirable for you if you want to trade on a part-time basis, because you can choose when you want to trade: morning, noon or night.

3) There is never a Bear Market in FOREX.

You can have access to a seamless exchange of currencies. Currencies trade in "pairs" (for example, US dollar vs. JPY (YEN) or US dollar vs. CHF (Swiss franc), one side of every currency pair (for example, USD/CHF) is constantly moving in relation to the other. Thus, when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value versus the other. Of course, it is up to you to choose the correct currency to be long ( you bought) or short( you sold).

As you might already know, forex is an acronym for foreign exchange -- is the international currency market where money is being sold and bought. Forex certainly is a new and exciting way to make money in the huge global currency market.

Making money in forex is very similar to stocks, options, or futures. You will be provided with a list of currency pairs each is coming along with graphs which you can select and trade. You can sell (or short) if you expect the graph to go down and you can buy (long) if you expect the graph to go up.

How Can I Make Money in Forex Trading?

When you buy a currency in the forex market, you are actually doing two trades. You are selling one currency and buying the other. You have known what currency you are betting for/against, as opposed to the stock market where you only need to know one stock.

Unlike stock trading, most online forex firms don't charge commission. They make money by giving you a worse spread then they get and by charging you interest on margin. This spread is usually two or three pips (explained below).

Margins are huge in currency trading; you can easily be accepted for 200 to margin on-line. Some forex firms will give you up to 400:1 margin. To be honest, there is very little regulation in this industry, which means you can move $2,000,000 worth of currency with only $10,000 in your account. You can even open an account with as little as $300.

Profits in forex are measured in "pips" or "points." A pip is 1/1000 of dollar. For example if you buy the dollar (USD) against the euro (EUR), and it went in your direction from $1.300 to $1.299, you have made a 1 pip profit. On a $10k order at full margin (200:1), this is equivalent to $50 in profit.

How Much I Can Earn?

Virtually, the limit is the sky. As much as how long you trade and keep earning. Trading will be within 24 hours 5 days a week. How fast you can earn is depending on the volatility of the market. If it is very volatile (moving ups and down quickly), you probably can earn a lot of pips if you are lucky.

However, average earning for professional trader is 100 to 200 pips a day that is equal to 100% to 200% return on investment. George Soros, the heart of inspiration for every forex trader, made a history in September 22, 1992 when he bagged US$1 Billion and ruined the Bank of England. This called The Black Wednesday.

Schedule:

* Sat Feb 19 1st match - India v Bangladesh

* Sun Feb 20 3rd match - Sri Lanka v Canada

* Sun Feb 20 2nd match - Kenya v New Zealand

* Mon Feb 21 4th match - Australia v Zimbabwe

* Tue Feb 22 5th match - England v Netherlands

* Wed Feb 23 6th match - Kenya v Pakistan

* Thu Feb 24 7th match - South Africa v West Indies

* Fri Feb 25 9th match - Bangladesh v Ireland

* Fri Feb 25 8th match - Australia v New Zealand

* Sat Feb 26 10th match - Pakistan v Sri Lanka

* Sun Feb 27 11th match - India v England

* Mon Feb 28 12th match - Netherlands v West Indies

* Mon Feb 28 13th match - Canada v Zimbabwe

* Tue Mar 1 14th match - Kenya v Sri Lanka

* Wed Mar 2 15th match - England v Ireland

* Thu Mar 3 17th match - Canada v Pakistan

* Thu Mar 3 16th match - Netherlands v South Africa

* Fri Mar 4 19th match - Bangladesh v West Indies

* Fri Mar 4 18th match - New Zealand v Zimbabwe

* Sat Mar 5 20th match - Australia v Sri Lanka

* Sun Mar 6 21st match - India v Ireland

* Sun Mar 6 22nd match - England v South Africa

* Mon Mar 7 23rd match - Canada v Kenya

* Tue Mar 8 24th match - New Zealand v Pakistan

* Wed Mar 9 25th match - India v Netherlands

* Thu Mar 10 26th match - Sri Lanka v Zimbabwe

* Fri Mar 11 28th match - Bangladesh v England

* Fri Mar 11 27th match - Ireland v West Indies

* Sat Mar 12 29th match - India v South Africa

* Sun Mar 13 30th match - Canada v New Zealand

* Sun Mar 13 31st match - Australia v Kenya

* Mon Mar 14 33rd match - Bangladesh v Netherlands

* Mon Mar 14 32nd match - Pakistan v Zimbabwe

* Tue Mar 15 34th match - Ireland v South Africa

* Wed Mar 16 35th match - Australia v Canada

* Thu Mar 17 36th match - England v West Indies

* Fri Mar 18 37th match - New Zealand v Sri Lanka

* Fri Mar 18 38th match - Ireland v Netherlands

* Sat Mar 19 40th match - Bangladesh v South Africa

* Sat Mar 19 39th match - Australia v Pakistan

* Sun Mar 20 41st match - Kenya v Zimbabwe

* Sun Mar 20 42nd match - India v West Indies



* Wed Mar 23 Quarter Final - TBC v TBC

* Thu Mar 24 Quarter Final - TBC v TBC

* Fri Mar 25 Quarter Final - TBC v TBC

* Sat Mar 26 Quarter Final - TBC v TBC



* Tue Mar 29 Semi Final - TBC v TBC

* Wed Mar 30 Semi Final - TBC v TBC



* Sat Apr 2 Final - TBC v TBC

Group A:
Australia
Pakistan
New Zealand
Sri Lanka
Zimbabwe
Canada
Kenya

Group B:
India
South Africa
England
West Indies
Bangladesh
Ireland
Netherlands

The ICC originally announced its decision on which countries would host the 2011 World Cup on 30 April 2006. Australia and New Zealand also bid for the tournament, and a successful Australasian bid for the 2011 World Cup would have seen a 50-50 split in games, with the final still up for negotiation. The Trans–Tasman bid, Beyond Boundaries, was the only bid for 2011 delivered to ICC headquarters in Dubai ahead of the 1 March deadline. Considerable merits of the Australasian bid were the superior venues and infrastructure and the total support of both the New Zealand and Australian governments on tax and customs issues during the tournament, according to Cricket Australia chief executive James Sutherland. The New Zealand government had also given assurance that Zimbabwe would be allowed to compete in the tournament, following political discussions in the country whether their cricket team should be allowed to tour Zimbabwe in 2005. The Australian bid also won the support of former West Indies captain Shivnarine Chanderpaul.

ICC President Ehsan Mani said the extra time taken by the Asian bloc to hand over its bid compliance book had harmed the four-nation bid. However, when the time came to vote, Asia won the hosting rights by ten votes to thre. The Pakistan Cricket Board has revealed that it was the vote of the West Indies Cricket Board that swung the matter, as the Asian bid had the support of the four bidding countries along with South Africa and Zimbabwe. It was reported in Pakistani newspaper Dawn that the Asian countries promised to hold fund-raising events for West Indian cricket during the 2007 World Cup, which may have influenced the vote. However, chairman of the Monitoring Committee of the Asian bid, I. S. Bindra, said it was their promise of extra profits in the region of US$ 400 million that swung the vote, that there "was no quid pro quo for their support", and that playing the West Indies had "nothing to do with the World Cup bid".

International cricket politics lie at the heart of the dispute. Since cricket is the most popular sport in Bangladesh, India, Pakistan and Sri Lanka, Asia is of fundamental financial importance to the International Cricket Council. However, historically, international cricket has been controlled by the "Old Commonwealth" nations of England, Australia, and New Zealand, supported by South Africa.[citation needed] The centre of cricketing politics has moved, over time, with the money, and the Asian nations, particularly India under the guidance of Jagmohan Dalmiya, looking for greater control in the direction of international cricket, and in 2005 Dalmiya said that the Indian subcontinent should host every third World Cup.

Voting Results:
Country Votes
India Indian Subcontinent 10
Australia Australasia 3

The 2011 ICC Cricket World Cup will be the tenth Cricket World Cup, and will be hosted by three South Asian Test cricket playing countries; India, Sri Lanka and Bangladesh. It will be Bangladesh's first time co-hosting a Cricket World Cup. The World Cup will use cricket's One Day International format, with fourteen national cricket teams scheduled to compete. The World Cup will take place during the months of February and March 2011, with the first match being played on 19 February 2011.

The World Cup was originally to have been hosted by Pakistan as well, but in the wake of the 2009 attack on the Sri Lanka national cricket team in Lahore, the capital of the Pakistani province of Punjab, the International Cricket Council (ICC) were forced to strip Pakistan of its hosting rights. The headquarters of the organising committee were originally situated in Lahore, but have now been shifted to Mumbai.Pakistan was supposed to hold 14 matches, including one semi-final.8 of vPakistan's Matches have been awarded to India, 4 to Sri Lanka and 2 to Bangladesh.