Choosing a Trading Method While there are many ways to achieve success in currency trading, all methods have the following commonalities: 1. Simplicity Most of the best trading systems are simple. There is no correlation between how complex a strategy is and how successful it will be. The simpler a …
Read More »How to Achieve Success in Currency Trading: Part 1
Currency trading success can be achieved by anyone because everything about currency trading can be learned privately by any trader willing to invest the time and effort to do so. Successfully trading foreign exchange is a combination of two factors: First, you need a successful trading method for long-term currency …
Read More »How to Succeed in Forex Trading – Leverage and the K-Factor
One of the biggest reasons why forex trading is a completely different animal than stock trading or futures trading is leverage. Forex trading leverage can be enormous up to 400:1 and in most cases, you choose the amount of leverage or gear you want to trade with. Super high leverage …
Read More »How to Read Forex Charts: 5 Things You Need to Know
In forex, it is really important to learn basic skills such as how to read forex charts. This is because once you have this vital skill, it will be much easier and faster when the time comes to learn and practice a real forex trading system. By the time you …
Read More »How to Save Yourself from Forex Scams?
Forex trading is one of the best home-based online business opportunities you can find today. The Big Sharks know this and use the demand for information about the Forex market to get their hands on every dollar possible. The answer is always easy – Follow the Money. In the foreign …
Read More »How to Detect Forex Fraud
As the popularity of Forex grows, so does the number of scammers trying to cash in on the Forex gravy train. Since Forex involves international money trading, usually over the internet, a whole new type of scam has emerged. Ironically, many of these scammers find their targets through newspapers, television, …
Read More »How to Win the Forex War
Every commercial activity is a participation in a war. Winning the war is a matter of knowledge, skill, and experience. If you miss any of these, you join the ranks of the long losers. Some say that 95 to 99 percent of traders line up on the losers’ side. How …
Read More »Impress Your Date with Forex Trading Lingo
Major and Minor Currencies The seven most frequently traded currencies (USD, EUR, JPY, GBP, CHF, CAD, and AUD) are called major currencies. All other currencies are called minor currencies. Don’t worry about minor currencies, they are only for professionals. In fact, on this site, we will only cover what we …
Read More »Interesting Facts About FOREX.
Most experienced traders consider the FOREX market to be the best and most profitable among capital markets. For many years FOREX trading has been the only sphere of influence of major banks, major financial institutions, and central banks of countries, such as the US Federal Reserve Bank. Nowadays, however, thanks …
Read More »Is FOREX Trading Right for You?
FOREX is the abbreviated term used to describe the world’s largest foreign exchange market where $1.5 Trillion is traded daily. This is more than 100 times the volume traded on the NYSE and is fast becoming a hotspot for individual investors. A market that was once only accessible to large …
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