If you're just getting started in the currency markets, you should make sure that you know the basics of Forex trading before you consider risking your hard earned money. Otherwise, you can be sure that you will blow out your account very, very quickly. Many of the so called Forex "Gurus" out there will cover one or two off these basics adequately, but you need to have all three in place to truly be prepared for the challenges of trading Forex...more
If you're just getting started in Forex, learning all the skills of technical analysis and trading tactics can be daunting. Prices seem like they go up and down for absolutely no good reason, and when you look for the answers it seems like everyone has a different opinion about how to trade Forex profitably. So instead of trying to reinvent the wheel, why not build upon someone else's trading system to achieve your goals of trading Forex...more
As a veteran of the Forex markets, I'm often asked how to learn Forex trading successfully. Is it a matter of reading the right trading books? Learning from more experienced mentors or coaches? Buying the best trading system available out there? As much as all these things have their place, the most effective way that you can master Forex trading is to get into the markets and trade!Isn't that what many beginners do and end up losing lots of money? Yes, but what you are going to do is going to be slightly different. Instead of starting out with a large account, I would recommend that you find a Forex Broker that allows you to trade micro lots (that's 0.01 of a full lot) and deposit the account minimum. In doing so, you will eliminate the consideration of money, while still getting a full appreciation of what happens in the markets as you trade it day by day. So instead of focusing on the money you are making or losing in any given trade, you will be focused on how to learn Forex trading successfully.How Does Trading Small Amount Teach You How To Learn Forex Trading Successfully?The critical mistake that most beginners make when they start out in trading Forex is that they focus too...more
Is Forex trading profitable? We're constantly being bombarded by advertising messages claiming that the Forex is a perpetual bull market, with huge profits to be had for anyone who opens up a trading account. If you've traded Forex before though, you'll know that it's much harder to make money than you have been led to believe. The truth is, more...more
For starters, if you remember, TaylorMade's marketing campaign for the original Burner irons made it abundantly clear that they didn't engineer the set as a whole, they paid attention to the needs of each individual iron. They maintained the same direction with the new Burner 2.0, though they further improved the weight distribution in each iron in...more
In order to remain profitable trader in the currency market, there are specified habits that you constantly have to conform to. A lot of traders fail not because they are not knowledgeable enough concerning the workings of the fx market, but basically because their actions are not deliberately planned and carried out.In this article, light will be shade on the three habits that if constantly observed; will sustain you as a profitable trader in the currency market. These habits are no riddle but little rules that most of us traders overlook due to their simplicity.So! Devoid of any further delay lets quickly highlight and talk about what these rules are.Discipline - seasoned traders are well disciplined. They stick to their trade strategy to the end. They have reasons for each single action they take. They are not greedy. They know exactly where to exit a trade with predetermined TP (take profit) without craving for further pips.To be victorious too, you must learn to be discipline and adhere to your trading plan without letting your emotions interfere.Trading plan - knowing at what time your trading period begins, pips to target and when to bring a day's trading activities to an...more
It is possible to begin your penny stock trading adventure with a relatively small initial investment and this is something that makes it a very tempting prospect for some people . It can be very tempting to try and make a lot of money in too short a...more
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I have heard this particular expression used often and in a variety of e-mini trading situations and thought it might be useful to clarify exactly what e-mini traders are referring to when they described a dead cat bounce. Since this term is...more
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