As like many before you, when you first start trading on the Forex market you will soon realize that a lot of the traders lose money rather than gain. So if you do not want to end up in the same situation as many before you, here are some tips in relation to Forex currency trading online that can help you gain more and lose less.

5. Find a simple system

4. You need to be a risk taker

Ask any reputable vendor online and they will soon tell you that the only way you will be able to make any money and real profits in forex currency trading online is over the long term.

For the nine months ended September 30, 2001, net income was $196.6 million, or $0.63 per diluted share, on revenues of $2,072.5 million. The results included a net after-tax gain from the sale of assets totaling $23.5 million, or $0.07 per diluted share, substantially offset by a net $17.3 million, or $0.06 per diluted share, extraordinary loss relating to the early retirement of certain debt. Adjusting for the net after-tax gain and the extraordinary loss, net income for the nine months ended September 30, 2001 was $190.4 million, or $0.62 per diluted share. For the corresponding nine months in 2000, net income totaled $117.7 million, or $0.56 per diluted share, on revenues of $914.6 million.

Transocean Sedco Forex Inc. (NYSE:RIG) today announced that net income for the three months ended September 30, 2001 was $97.6 million, or $0.30 per diluted share, on revenues of $770.2 million. Net income for the quarter included a net after-tax gain totaling $7.5 million, or $0.02 per diluted share, resulting primarily from the sale of two Nigerian-based land rigs and the disposal of an inland drilling barge. Excluding the net after-tax gain, net income for the three months ended September 30, 2001 was $90.1 million, or $0.28 per diluted share. For the corresponding three months in 2000, net income was $49.3 million, or $0.23 per diluted share, and included a net after-tax gain of $7.1 million, or $0.03 per diluted share, resulting primarily from the sale of rigs, and partially offset by net charges resulting from adjustments to provisions for legal claims. In addition, results for the corresponding three months in 2000 included a net $1.4 million, or $0.01 per diluted share, extraordinary gain resulting from the early retirement of certain debt. Revenues for the three months ended September 30, 2000 were $314.5 million.

Transocean Sedco Forex completed a merger transaction with R&B Falcon Corporation on January 31, 2001. Therefore, results for the nine months ended September 30, 2001 reflect only eight months of operating results of R&B Falcon Corporation. Pro Forma utilization measures noted below have been calculated based on the combined fleet of Transocean Sedco Forex and R&B Falcon for the nine months ended September 30, 2001 and the equivalent period during 2000.

2. Day Trading - Forget It

Too often you will see sites that are promoting ways in which you can get rich through Forex trading as long as you purchase their book for $100. However, instead of spending your money on something that is probably completely worthless, all you need to do is spend some time searching the internet and you will soon discover everything you need to know and all for free.

posted by Administrator at 12:01 pm & filed under Trading Systems |