Do you remember the last time you enjoyed a solid winning trade? Or at least a bunch of smaller winning trades? If yes, you can also probably recall that you proceeded to lose all of your profits, or maybe even more! Such a scenario is a common occurrence and even I had to go through it a few ... Views: 635
Newbie Forex traders almost always ask some variation of the same question: “How long will it take me to transform myself into a profitable trader?” This is a perfectly natural and logical question to ask yourself, and others, whilst undertaking the baby steps of your trading career. But ... Views: 1097
One of the popular mistakes made by Forex traders is not knowing how to choose the correct trade to pursue as well as its corresponding direction. If you choice on this matter is right, then you have already won a large of the battle to make a profit. Instead, most traders spend an abnormal ... Views: 1576
One key difference between Forex and the stock market is that the former runs 24 hours a day. Forex trading takes place constantly, throughout the day and only stops on weekends, and only because the volume of orders is too low. So technically, the Forex market is never actually closed for ... Views: 1238
One of the biggest drawbacks faced by traders on a daily basis is the failure to manage Forex leverage in an effective manner. Trading with leverage can go a long way in improving your returns, but it also raises the risk of losing big in case a trade failure occurs. Traders are al-lowed a ... Views: 1152
One of the most popular promotional offerings utilized by Forex brokers are bonuses. Such bonuses are offered in a bid to gain the attention of potential clients as well as to attract them towards a longer working relationship. The concept of bonuses is very popular in the world of Forex ... Views: 1203
In the age of the internet and constant flow of information, data concerning Forex as well as areas related to it are available from a wide variety of sources. The profits associated with currency market trading are very lucrative and are constantly attracting new Forex traders in big numbers on ... Views: 1186
The trading process can be essentially broken down into two crucial stages: order opening and order closing. Both are essential in order to fix the trade results.
Opening of Order Views: 861
Every new Forex trader seeks the same thing: optimal trades or results. While that is pretty simple to write, it is altogether far more difficult to practice and implement on a daily basis. Hence, if traders aim to make profits, they will have to practice the following principles ... Views: 1086
Forex trading analysis can be roughly broken down into 3 distinguishable varieties:
Sentiment
Technical Analysis
Fundamental Analysis
The usage of all 3 analysis varieties not only provides the optimal trading experience, but it also ensures that you get to enjoy the maximum amount of ... Views: 1084
As soon as you cross the boundary to step into the Forex trading world, two things clearly stick out: the need to identify trends while reading forex charts by utilizing forex technical analysis and the importance of anticipating a trend as early as possible so as to make the most of it.
While ... Views: 1386
The Forex Market is full of traders whose sole objective is to make plenty of profits. But is it really as easy as it is made out to be? Can beginners really breeze their way to a quick buck? Not at all.
Every business develops a set of procedures or safety nets to ensure that it is protected ... Views: 1217
In recent years, one of the most rapidly growing markets for trading has turned out to be the Forex market. The experienced campaigners have always viewed it as a way to maximize their returns. Now, even individual investors are indulging in the Forex market just like they do with stocks and ... Views: 900
Are you currently having a bad time with your trading and not sure how to turn things around in your favour? Then these tips could be perfect for you to change your fortunes.
As a fresh faced trader, things are bound to go bad from time to time. You could end up
picking some dirty trading ... Views: 975
This sounds like one of those boring clichés that constantly pop up in underdog movies, but it does hold true when it comes to forex trading. If your main objective is to know the ‘ins’ and ‘outs’ of sound trading, then one of your very first steps should be to experience a loss.
This might ... Views: 992
Let’s be honest, Forex trading is a very difficult game and the odds are bound to be against you. Too many traders end up being stuck on the wrong side of the track because it is a 50/50 game. If your intention is to be a solid trader who makes consistent profits, then you need 3 vital ... Views: 890
Someone said a forex trader without price charts is akin to a sailor without a compass. The action of currency pairs can be analyzed only with the assistance of price charts. These charts are considered as the primary tools necessary for any kind of market analysis.
They can be used by traders ... Views: 799
Price is an elusive concept to most Forex traders. Most of them have no clue about the final price when they place their trades. To make up for this lack of knowledge, a system has been devised to dictate the placing (or lack) of a take profit order while trading Forex. There are a particular ... Views: 938
The Forex brokers, signal providers and trading systems use a very convenient system to lure investments. They promise quick cash or profits in the form of hype, boasts and ‘guarantees’. They even come up with a ‘track record’ which is usually dubious at best.
These entities make the ... Views: 986
As important it is to know how to trade, it is more important to know when to trade in terms of the forex market timing. Forex market is a worldwide online market with no time limits when you consider the whole world as your base. The markets are active through the week except for a Saturday ... Views: 674
In this monotonous world of routines and nine to five jobs, the forex markets holds a different kind of out of normal feel, since you can work at your own pace in your own time with the chances to earn good money. There is a buzz in town that forex trading will provide easy money with low ... Views: 709
Who wants to know about losing, no one! But unfortunately losing is as important as making a profit in the forex trading industry. Losing money helps you gain the required experience; hence it is important to lose properly in order to gain in the forex trading market.
We instinctively try to ... Views: 921
Trading is all about who you are? It is very indicative of you as a person and indicates the basic characters in you. It’s about knowing yourself, knowing to take decisions and to stop when required. You can always change, learn and know what to do before, during and after a trade.
There are ... Views: 839
Forex trading is all about the right decision at the right time. It is imperative to take objective decisions using forex trading instruments for guidance. What positions to take and when to take is where experience and platforms like MT4 play a role. Position sizing is an important aspect of ... Views: 1132
There are no business interactions without a risk. Might it be small and big! The same can be said for trading in the Forex market. But as in all fields the risks can be managed. The first step would be taking guidance from the best forex broker and from other online forex traders. As the ... Views: 1040
By now, you must have realised the significance of having a Forex trading plan. But then how do you make one. What are the rules that govern the designing of a forex trading plan. The forex trading plan can be considered to be successful if it gives the forex trader all the information that is ... Views: 936
Most of us would have taken vacations and planned trips at least once in their lifetime. The one thing that is essential to have a good memorable vacation is the plan made before the start of the journey. Most of us are also aware that planning is very important in all aspects of life, may it ... Views: 680
When faced with the monotony of corporate life and the pressures of day to day routines, you feel trapped and gutted. It is most natural to desire a carefree life, a life of making good money, in your terms and in your time. A life of merry and plenty! What could be more enticing? Most people ... Views: 841
The approach towards Forex trading differentiates a successful forex trader and an unsuccessful one. As in any occupation or hobby, it is important to focus on the actual process of work rather than the outcome. The outcome will be good if the steps taken are correct and in the right direction. ... Views: 961
An interesting aspect of Forex trading is the Rollover Interest. Now, you might be wondering what is Rollover Interest? Rollover Interest is basically the interest that will be debited or credited from your account for open positions that are held overnight. As you might already know, all open ... Views: 872
The forex market is unlike any other market, there are no fixed rules or guidelines to ensure profitability.
There are no classrooms providing the training towards better performance. The one and only way of becoming a successful trader is by practice and through practice. The more you try, ... Views: 917