Though many people will try to convince you otherwise FOREX is not risk free. The majority of the people trying to convince you that it is risk free have some FOREX product that they want you to buy. When you trade you are dealing with substantial amounts of money and there is always the […]
Monitoring the market for good entrance and exit points is by far the most time consuming part of trading on the FOREX exchange. You could easily spend the better part of your life setting in front of a computer screen monitoring the price changes.
You can use automated orders like stop loss and limit orders […]
In most cases when you sign up with a FOREX broker they will provide you with software to execute transactions as well as get market information. Since online trading has been around for quite some time now, the brokers have a pretty solid understanding of what the traders need from trading software. There […]
If you trade, you may have heard of options. Trading options carries high risk and has many disadvantages for beginners and even seasoned traders. Therefore, it is wise to be cautious if you are considering options trading.
An option is a contract between two parties giving the taker or buyer the right, but not the obligation, […]
To be a successful FOREX trader you will need to learn to use the various tools that are available to assist you. Some tools are designed to help you with analyzing the market where as others will assist you in the actual buying and selling. Tools can be used to help automate some […]
For many people the difficult part of becoming a FOREX trader is initially getting started. It is something new and can be intimidating or even frightening. This article will be the first in a series aimed at helping you make the first steps to becoming a successful trader.
You will […]
Once you have decided that you have the proper mindset and are ready to start investing on the FOREX exchange you are ready for the next step. That step is to select the type of FOREX account you want to open. You should make this decision before you pick a broker to work […]
The promise of “Easy Money” captures the interest of many beginning traders. You can find offers all over the Internet claiming, “risk free trading”, “low investment”, and “high returns”. While there is some truth in these statement you will find that they are over simplified and the reality of FOREX trading is a little […]
I am going to take you through the different development stages of a new trader. Most of this comes from my own experience. Like any other profession, trading takes years of practice to reach the ultimate level. While doctors and lawyers have gone through higher education to obtain their license to practice, traders are required […]
The Euro responds very well to US economic news releases. There is at least one US news release each week when the market moves very fast and is an excellent (although stressful) way to make some quick big pips. One way to capture these large moves is to use ENTRY STOP ORDERS.
Entry stop […]
