Why Forex Trading without a Plan Fails
July 21, 2008
Forex trading can and should be a profitable venture. However, the sad fact remains that, statistically, over ninety percent of the people who get into forex trading will lose money. So how do you discover a method for trading that is consistently profitable and allows you to build up your financial future while minimizing your risks? One of the most consistent methods for profiting with forex market trading is using what are known as forex signals. While this may not be the most exciting method... Read more »
What Else Still Buys a Suit after 2,000 Years
July 19, 2008
What has not changed much in terms of purchasing power since the times of the Roman Empire - Why gold of course. Not many people realise that a Roman Legionnaire getting all togged up at his local bazaar would have had to part with about the same weight of gold as you would in today’s high-tech society clothes store. So, having stood the test of time down through the millennia for value, gold has another important function to play today. With all the woes that mankind has brought about due... Read more »
Are Your Images Of Your Trading Day Motivating or Frustrating?
July 18, 2008
The images of today’s society are thrown at us to encourage us to want bigger and better, more, and faster. We are literally bombarded with high priced images and images that draw on our human desire to succeed in our lives. Status symbols are all over the place and often we know from the beginning which ones will excite us. Whether we want large yachts, expensive cars, million dollar homes, or a life of financial freedom, we all want something and we focus on the images that spark desire in... Read more »
Forex Trading Important Guidelines
July 18, 2008
Forex trading is rapidly becoming one of the hottest investment alternatives in the world. With the rise of the Internet, many traders are turning to forex trading sites to carry out their speculative investment transactions. And who can blame them? It is fast, exciting, and accessible to anyone with a high speed Internet connection. Forex trading in the simplest term is the exchange of one foreign currency to another through its current conversion or exchange rates. Profit comes into the equation... Read more »
Trading Forex Breakouts - 3 Simple Strategies You Can Use
July 18, 2008
Many traders spend a lot of time looking for potential breakout situations when trading the forex markets. This is because when these breakouts occur, they very often yield a lot of points. So bearing that in mind, in this article I will discuss three simple trading strategies designed to catch these breakouts. The first method makes use of Bollinger Bands. This technical indicator is very useful in displaying areas of support and resistance, which is marked by the two outer lines of the Bollinger... Read more »
Who Else Wants to be a Rich Newbie Forex Trader Now
July 18, 2008
Does the thought of being involved in a market of ONE POINT SEVEN TRILLION US DOLLARS attract you? That’s over 1000 times bigger than all the money traded on Wall Street every day. Can you feel just a small glimmer of excitement coming? That sure beats the pants off any other internet marketing activities you may have been trying to get involved in! If you’re dreaming of a perfect ticket to escape the boredom and routine of the ‘Day Job’ (You remember what a job is - Just... Read more »
Seek the Best Advice Before Starting Forex Trading
July 18, 2008
For a market as volatile and dynamic as the forex market you need to be well prepared with forex market knowledge before you start trading. If you are serious about making a profit from your forex trading the best step would be to get the best advise and information for forex trading before you start trading real money. Here is a short list of some of the best practices in forex trading: Develop your investment positions by starting trading activities with a small margin. As you become a better... Read more »
How to Profit From Forex Using Technical Analysis
July 17, 2008
Technical analysis is price movement study. You can track the history of price movement by using price charts and try to work out which way the prices are likely to go in the future. Online Forex brokers will give you a variety of different tools which you can use in technical analysis. Here are some of the most common ones: Bollinger Brands These are used to measure the volatility of the market. They comprise 3 lines: 1. A moving average in the center. 2. A lower band which shows the moving average... Read more »
Forex Currency Pairs - How to Choose Which Currency Pairs to Trade Forex On?
July 15, 2008
Forex Trading involves buying one currency in a currency pair, by selling the other. So if one is trading in EUR/USD, the trade may involve buying EUR by selling USD at the current market rate or vice-versa. Similarly buying EUR in EUR/GBP would require GBP to be sold. Unlike options or stocks which have lots of companies that can be traded on, the forex market has got limited currency combinations which can be used to place the trades. Despite this, often people wonder which currency pairs should... Read more »
Profitable Cycle Trading System - Part 2
July 15, 2008
The most fundamentally important part of making this method work is self discipline. To be consistently profitable you need to be disciplined every trade, every day. The one time when you relax your rules, you can be sure will be the time it will come back and bite you! Having said that, the beauty of this method is that its rules are very clear, so there is no need to second guess. On average this method provides two or three entries every day, trading the emini S&P 500 or the emini Dow. However... Read more »
