Many individuals that trade currency use one of the automated forex trading systems that are readily available today. The advances in technology in recent years have enabled trading of all sorts of commodities to break though into the digital era, thus making access much easier for Read the rest of this entry »
Archive for September, 2011
Forex Trading :Forex advice and tips
The best forex trading advice starts with treating it like a business, keeping in mind that you are going against highly trained professionals who trade in the forex market for a living.In that regard, you must follow a tested and proven forex trading system. Now, you may start out Read the rest of this entry »
Forex Trading :Economic Calendar
What is Economic Calendar and what is the use of it in trading Forex? Well, the economic calendar can be found at some of the forex websites, an example will be Forex Factory. It will help forex traders and investors about the upcoming major news and events. Here are some of the best Read the rest of this entry »
Forex Trading :Asian Currencies News
If you are trading and use the fundamental analysis, then you should keep up with the economic news and events. Here’s one news I found in bloomberg when I was searching for the latest news.Asian Currencies Fall, Led by Ringgit, on Spreading Swine Flu April 27 (Bloomberg) — Read the rest of this entry »
Trade Forex :Forex Trading Rules: Introduction
Why Trade in Currencies?There are 10 major reasons why the currency market is a great place to trade:1. You can trade to any style – strategies can be built on five-minute charts, hourly charts ,daily charts or even weekly charts.2. There is a massive amount of information – charts, Read the rest of this entry »
Forex Investments :Forex Trading Rules: Never Let a Winner Turn Into a Loser
I already tackled about the Introduction on the trading rules in forex. Here’s the first rule in the list: Never let a winner turn into a loserRepeat: Protect your profits. Protect your profits. Protect your profits. There is nothing worse than watching your trade be up 30 points Read the rest of this entry »
Forex Investment :Forex Trading Rules: Logic Wins; Impulse Kills
More money has been lost by trading impulsively than by any other means. Ask a novice why he went long on a currency pair and you will frequently hear the answer, “Because it has gone down enough – so it’s bound to bounce back.” We always roll our eyes at that type of response because Read the rest of this entry »
Fx Trade :Forex Trading Rules: Never Risk More Than 2% Per Trade
Never risk more than 2% per trade. This is the most common – and yet also the most violated – rule in trading and goes a long way toward explaining why most traders lose money. Trading books are littered with stories of traders losing one, two, even five years’ worth of profits in Read the rest of this entry »
Forex Trading :Forex Trading Rules: Trigger Fundamentally, Enter and Exit Technically
Should you trade based upon fundamentals or technicals? This is the million question that traders have debated for decades and will probably continue to debate for decades to come.Technical Analysis Vs. Fundamental AnalysisTechnicals are based on forecasting the future using past Read the rest of this entry »
Forex Investment :How is the forex spot rate calculated?
The forex spot rate is determined by supply and demand. Banks all over the world are buying and selling different currencies to accommodate their customers’ requirements for trade or to exchange one currency into another. For example, an American bank receives a deposit from a German Read the rest of this entry »
