Technical Analysis is the easiest and most precise way of trading the FOREX market known by the forex traders community. All available information on any particular currency, and its impact on traders, and the market, are already reflected in a currency's price. The foreign exchange market is mostly composed of trends and is, therefore, a place where technical analysis can be used very effectively. Experience in trading has shown that history...more
Swing trading is one of the most reliable and proven trading methods or styles available today. Just why or what makes swing trading so reliable? The key to this trading style lies in the use of support and resistance. Through the proper implementation of support and resistance, many swing traders are able to trade without any indicators or they severely reduce their dependance on indicators and instead can trade naked. This can be seen by taking...more
Investors and traders around the world are looking to the Forex market as a new speculation opportunity. But, how are transactions conducted in the Forex market? Or, what are the basics of Forex Trading? Before adventuring in the Forex market we need to make sure we understand the basics, otherwise we will find ourselves lost where we less expected. This is what this article is aimed to, to understand the basics of currency trading. What is traded in the Forex market?The instrument traded by Forex traders and investors are currency pairs. A currency pair is the exchange rate of one currency over another. The most traded currency pairs are:EUR/USD: EuroGBP/USD: Pound USD/CAD: Canadian dollarUSD/JPY: YenUSD/CHF: Swiss francAUD/USD: Aussie These currency pairs generate up to 85% of the overall volume generated in the Forex market.So, for instance, if a trader goes long or buys the Euro, she or he is simultaneously buying the EUR and selling the USD. If the same trader goes short or sells the Aussie, she or he is simultaneously selling the AUD and buying the USD. The first currency of each currency pair is referred as the base currency, while second currency is referred as the...more
Money. We all need it. We all want it. Trillions and trillions of dollars, pesos, euros, pounds, levs, francs, and more change hands every day for goods and services around the world. Most of us are only familiar with the money that is exchanged for goods and services in our own country and are only concerned with getting more of that.But there is...more
There are several external factors that affect Forex currency trading. These factors include trade reports, GDP, unemployment, international trade, manufacturing etc. The growth or decline in these factors affects a country's currency value.Foreign exchange is a continuous global market, providing a 24-hour market access to its players. Since it is...more
Foreign Exchange market trading in a very fast growing field that offers some significant advantages over other investment methods. However many people are reluctant to become involved simply because they lack the necessary knowledge. This guide will help explain the basics of FOREX trading so that you can participate in this market trend.At one time the Foreign Exchange market was restricted to very large players such as national banks and corporations. In the 1980's though the rules controlling the market were changed to allow smaller investors the chance to participate using margin accounts. Margin accounts are the primary reason that FOREX trading has become so popular, with margins of 1:100 you can control $100,000 with only a $1000 investment.There are risks involved with FOREX trading, and even though getting started trading is not difficult FOREX trading is not simple. It is very important for someone interested in trading on the foreign exchange to learn as much as possible about the market before they start trading.You will need to go through a broker to actually make trades on the exchange. You should be sure to find a reputable broker that is associated with an...more
Learning the basic skills in forex, such as how to read forex charts, is really important.This is because once you have this vital skill under your belt, it will be a lot easier and quicker when the time comes for you to learn and practice an actual...more
Currency trading is a platform where individuals speculate on the exchange rate between two currencies. Traders buy and sell currencies hoping to realize a profit. In order to succeed in currency trading you will need a source of accurate and timely...more
As we all know, there are many important areas to be considered in the process of relocating. From the physical removal of household goods, to settling children into new schools, there seem to be an endless number of items to check off on a...more
Trading is a skill that takes time to learn. Think of it like Boxing it's also a skill that takes time to learn.If you get into a professional boxing ring without any training, you'll get beat up physically! If you get into the Forex ring without any...more
In this article I will cover two important advantages that the Forex market offers to traders.Daytrading with a small accountIf you want to daytrade with stocks and you have less than $25.000 on the account, you are likely to have a hard life. The...more
There are huge profits to be made in Forex trading. Unfortunately, there are also some huge losses that are ready and willing to wipe out a potential investment whiz kid. When you decide to enter this volatile and tricky market you have to go in with...more