Short-Term Trading - Forex v Shares
July 3, 2008
The financial markets are extremely volatile at the moment, and as a result many traders are focusing on short-term trading as opposed to longer term investing. However is forex trading or share trading more profitable when trading on an intraday basis? I personally trade both the major currency pairs and individual UK shares and in my experience if you’re short-term trading then forex trading is generally the more profitable. There are several reasons for this. One of which is that the movements... Read more »
The Struggling Trader’s Guide to Avoiding Chop
July 3, 2008
Here are three pieces of trading advice to consider adding to your trading methodology to support you in assessing the timing of entries and exits. They can be of great assistance to the struggling trader. These should be seen as a complement to other decision criteria that you use for determining entry and exit based on price. Multiple Time Frames Many traders watch the market they are trading in a variety of time frames - each time frame providing different information. For example a short term... Read more »
Develop A Forex Trading Strategy To Become A Master Trader
July 1, 2008
If you are interested in becoming an amazing trader in the forex market, you definitely need a powerful forex trading strategy to guide you in your trades. Those individuals who are expert forex traders have learned this early and are now the elite that make a lot of money. There are four simple steps that you can take to develop your forex trading strategy. Follow them and immediately see success in the forex market. First, you must realize that your success falls only on you. You need to accept... Read more »
Does Forex Trading Really Live Up To All The Hype?
June 27, 2008
If you’ve heard of Forex trading (also known as foreign exchange trading), great. It’s one of the hottest topics around right now and its popularity is growing. What is it, though, and how can you as an average trader make money in it? Forex is also called “FX,” and both are short for “foreign exchange.” Foreign exchange doesn’t get a lot of press like options, stocks and commodities. However, foreign exchange is in fact the biggest market in the world and... Read more »
Ben Bernanke Squirms in Fed Hot Seat
June 25, 2008
The Fed chairman, Ben “Helicopter” Bernanke, is in the hot seat now. The markets are once again focusing on the next meeting of the Federal Open Market Committee (FOMC) set for Tuesday and Wednesday of this coming week. The Fed is expected to hold interest rates unchanged at this meeting but is clearly in an uncomfortable position. Inflation is roaring ahead at serious rates of increase and the Dollar is in danger of a collapse on forex markets, which would seem to indicate a need for... Read more »
How To Develop A Forex Trading Strategy
June 25, 2008
Are you interested in learning how to trade the Forex market? Learning how to trade the Forex market is not easy, but it is not difficult either. It doesn’t require a college degree or much studying on your part. Trading is all about discipline, willpower, and perseverance. It also takes a good, strong, Forex trading strategy to be successful in your trades as well. If you understand exactly who you are as a trader, you will learn to trade to your strength. Trading to your strengths will... Read more »
Does The Perfect Forex Trading System Actually Exist?
June 24, 2008
It’s a well-known fact that many forex traders spend much of their lives seeking out the perfect forex trading system. With so much money to be made, particularly if you make full use of leverage, it’s hardly surprising, but does this perfect system actually exist? Forex forums are full of newbies asking about the best trading systems and how they can start earning lots of money from forex, but they’re usually brought back down to earth by the other more experienced forum members.... Read more »
Two Kinds of Forex Broker: Which Forex Broker is Right for You?
June 24, 2008
There are two major types of Forex brokers, and which one is best for you can depend on your specific trading strategies. There are Market Makers (MM) and Electronic Communications Network (ECN) in the Forex market, and knowing the difference between the two is extremely important if you want to be a successful Forex trader. Market Makers (MM) are brokerage firms that set both the asking price and the bid price. This means that an MM sets up every part of your trade. No matter if you are... Read more »
Forex Currency Trading - Making Money in the Forex Market
June 24, 2008
Forex currency trading is becoming increasingly popular as more and more traders want to take their shot at the largest trading market in the world. The lure of nearly $2 trillion in trading going on each and every day is too much for most traders to resist. So what is the Forex market, and how does currency trading work? Forex is an abbreviated term for foreign exchange market. The Forex is the largest financial market in the entire world, with an average trade volume of nearly two trillion... Read more »
Understanding Pips in Forex Currency Trading
June 24, 2008
As a new Forex trader, one of the most important things you will need to learn is how to figure out the value of a pip for any currency pair. A pip is the smallest measure of value in a currency pair in Forex, so it’s critical that you understand this concept. When someone is saying “30 pips,” they’re talking about thirty units of value in a trade. Both profits and losses are measured in pips, though a pip for USD/JPY is not the same value as a pip for USD/CAD. The... Read more »
