Author: Sutikno SlametTrading money in the global markets can be great way to make more of it, it can also be a lesson in how to lose money quickly. More than $1 trillion is traded every day on the foreign currency exchange (Forex), and yet no centralized headquarters or formal regulatory body exists for this form of trade. Foreign currency exchange is regulated through a patchwork of international agreements between countries, most of which have...more
Author: Sutikno SlametWhile foreign currency trading offers its rewards, especially when you are able to trade in major currencies like the US dollars and Euro, caution against advertisements and brokers that offer instant riches must be observed. There is move to regulate foreign currency traders. Unfortunately, not all in the industry are registered. Not entirely illegal, many unregistered brokers populate the financial markets. Extra...more
Author: Sutikno SlametA comprehensive forex broker list includes investment banks with dealing rooms, commercial banks with treasury operations, and online brokerages that serve a larger market. The investment banks with forex trading capabilities include Morgan Stanley, Merrill Lynch, Goldman Sachs, Salomon Smith Barney, Lehman Brothers, Credit Suisse First Boston, Deutsche Bank, JP Morgan, Prudential Securities and Bear Sterns.Some of the brokerage services are not directly accessible for all customers. For example, inter-bank market dealers and treasury operations in commercial banks handle large customer orders themselves. The top commercial banks in the Forex Broker List, having inter-bank and treasury operations, are JP Morgan Chase Bank, Bank of America, CitiBank, Wachovia Bank, Wells Fargo Bank, Fleet Bank, US Bank, HSBC Bank, Sun Trust Bank, Bank of New York, State Street, Chase Manhattan Bank, Key Bank, Branch Bank, PNC Bank, Lasalle Bank, South Trust Bank, MBNA America Bank, Fifth Third Bank.The online forex broker list of smaller forex accounts sees new entrants almost on a daily basis.The online forex broker list includes Forex Capital Markets, MG Financial Group, CMS...more
Author: Sutikno SlametWith the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.1. Have Faith In YourselfTo reach the...more
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Forex trading is the buying and selling of foreign currencies in the market with the aim of making a profit. Therefore, a forex trader is someone who does exactly that. You can engage in forex trading from the comfort of your home; in any part of the world. Forex trading involves a pair of currencies. This is because you have to sell one currency to buy another one.A good forex trader has to put a number of things into perspective. First, you need to know what you are getting into. This means you have to know this business thoroughly. Study the trends and know the rules. Make the market trend your friend. You must make wise and strategic plans. You will need to have thorough knowledge of the currency pair you want to start with. Before you start, make sure you have enough capital. This will help you not to bow out in case of a loss.A good forex trader is one who manages his/her account well. Do not get carried away by emotions or anything else. One should also not risk so much money in a single trade. Concentrate with the market. This means you need a lot of time alone, away from any disturbance so that no trade will pass you by especially the important trades. You will also need...more
Author: Nial FullerDiscipline is probably the single most important characteristic that all successful forex traders have in common. The consistently profitable forex trader has discipline enough to stick to his or trading plan, manage his or her...more
Author: Nial FullerMany forex traders struggle with finding a solid method that is both adaptable to changing market conditions yet consistently brings positive results. There is a ton of information on the internet about various ways to trade the...more
Author: Johnny ChengWhat is Forex Scalping?Forex scalping is a popular forex trading strategy where the trader makes several small trades in the course of a trading day. Compare it to the game of baseball, where a team is said to play 'short ball'...more
For sure, many of us are interested in exploring moneymaking endeavors especially if you can do it at the comforts of our own home. This is probably why these days, making money online has been a buzz and many got into internet marketing to make...more
Author: Ernesto ZeviarWhile some forex traders can handle all the charts, graphs and analytical data streaming across the screen at a rapid pace, most of us just want to just pull what hair we have left out. After all that, toss in some light sweet...more
Author: Rob TraderAlmost ten years after Y2K, the Forex market is bigger than ever. The volume of trading continues to soar. In fact, it’s exploded. Trillions of dollars worth of currencies change hands every minute of every day on the Forex...more