So...you're interested in Forex trading and want to know a little more about it.. Forex has been getting a lot of publicity recently and has attracted many new traders working from home, as well as many stock traders looking at forex vs stocks, trying to diversify into currency trading. They are wondering if it might be worth making a move or at least increasing their range so that they begin to trade both. What is Forex and how it...more
Forex trading is one of the great money making opportunities available these days. People from many walks of life, men and women, decide to join the forex trading world everyday looking for the great style of life a profitable forex trader can achieve.But Forex trading is also a war where you can lose your money and confidence if you are not wise enough in your battles against the market, a wise, often formidable and even brutal...more
Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free trading platforms, high leverage and around-the-clock trading.It is my main concern in this article to let you know what hours you should be ready and focus for start trading, so you can expect the highest profits in your trades, and not just consider that around-the-clock trading means you should randomly trade through out the day.In short, it is important to know what the best hours to trade are because if you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest.At any given time; somebody, somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day. Giving you 5.5 entire potential trading days.Forex Trading begins in New Zealand at Sunday 5pm EST, and then is followed by Australia, Asia, the Middle East, Europe, and America...more
Forex trading is one of the growing markets for making money in today’s world economy. If you are part of the forex trading game, you need well thought out and planned strategies. You also need up to the minute information and reliable data to help you along the way. With this said, in order to be successful at forex, you’ll want...more
Imagine waking up in the morning turning on your computer and spotting a good trading opportunity. You decide to enter the trade, and then go for your morning coffee. By the time you get back to your computer 15 minutes later you have made $1500.00 dollars. This is just a sample of what trading on the Forex is like. It’s nothing to...more
This article is all about FOREX trading to make you rich - and we’re going to give some alternatives to conventional investment wisdom. Why? - Because most traders in FOREX follow the norm and make average gains - while this article is about making spectacular gains from FOREX Trading and making money fast!The AimHere we are going to assume you know how to trade, and you have a methodology for FOREX trading you are happy with, and can apply with discipline.What we are going to show you here, is how to change your system from making average gains, to making spectacular gains, with simple changes in trade selection, money management, and mindset.FOREX trading offers the opportunity to make money fast - so lets see how it can be done.1. Accept Volatility and Risk CheerfullyAll good FOREX trading systems incorporate volatility.You can't have a profitable FOREX trading method without taking calculated risks, and taking losses - if you can’t accept risk, then don’t trade.Many traders back away from a market because it’s too risky - however, risk also means reward! If you are a trader who doesn’t like volatility, then go and find something else to do.Drawdowns are...more
So what is is Forex trading you may ask? Forex is the exchange you can buy and sell currencies. For example, you might buy British pounds (by exchanging them to the dollars you had), then, after pounds / dollar ratio goes up, you sell...more
Shaun Downey is Chief Market Analyst at Currensee. This week has seen a variety of major macro economic numbers that highlight starkly how the world is recovering in a two paced manor. Not surprisingly the East is powering ahead, with...more
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...more
There are two kinds of Forex traders- the traders who use fundamental analysis and the traders who use technical analysis.I prefer the technical analysis, which ignores fundamental factors. Technical analysis is applied to the price...more
Leverage is essentially the amount used in a trade compared with the security deposit needed by the broker, for that trade. Forex offers the most leverage of any form of investing, which for most brokers, is 100:1, so if you put in...more
It is money that governs life today. It is again money that forms the base of business, national/international trade. It is money that is the pedestal of survival. The utilization of money today is beyond measure. Money is measured in...more