You’ll read a lot about the advantages of trading currencies, yet most traders tend to turn advantages into disadvantages due to a lack of understanding. That’s why 95% of currency traders lose money and there’s one thing in particular that wipes out more trader equity than anything else – volatility! Most forex traders simply can’t deal with volatility. Volatility, Deal with it or Lose Money Currencies are volatile, and in…
How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article. Trading the Forex market has many benefits over other financial markets. Among the most important are superior liquidity, 24 hour market, better execution, and others. Traders and…
If you are a beginning trader in the foreign exchange (FOREX) market, you may be initially mystified by the terminology associated with this type of investing. In some cases the terms utilized do not seem to be even remotely related with the concept involved. Let’s take a look at a couple of basic terms which may help you better understand the fascinating area of currency trading. Going Long After you…
According to one veteran trader, forex education can take anywhere from a few months to 3 years, depending on a person’s level of experience or aptitude. That’s quite a learning curve and plenty of time for despondency to set in from your partner or family members as they see you sat in front of a computer screen hour after hour, and no money coming in as a result of your…
If you are new to the world of Forex trading then, before you even think about making your first trade, you need to sit down and draw up a Forex trading strategy. The foreign currency market is one of the most exciting and lucrative markets in the world, but it is also extremely fast moving and volatile and, while you can make tremendous profits, you can also make substantial losses…
One of the main reasons why over 90% of new Forex Traders lose their entire accounts within a few months is that they fail to understand that their new profession entails high levels of risk. To counter this problem, they need to grasp the concepts of good money management as quickly as possible. Although mastering money management does not always in itself bring profits, it does contribute to protecting existing…
When someone wants to begin trading forex, the initial decision they need to make is which online broker to use. It is important that a new trader conducts research to find a broker that is going to provide them with a first-class package as there is a healthy amount of competition within the forex market to pull in new business. Where brokers can appeal to a trader is in the…
I had an email from a client today regarding the movement of a stop loss. First of all, I’m going to start off by assuming that you do, indeed, use a stop when you’re trading the forex, especially when short term trading. If you are trading without the use of a stop, you can plan on something very bad happening to your trading account at some point. It’s just a…
Exness Review : Best Forex Brokers The EXNESS Group opened its doors to the public in 2008 in St. Petersburg, Russia and committed itself to offering its clients high quality trading services in several financial markets. It has come a long way since then and is today a leading Forex and ECN broker. EXNESS prides itself on honesty, openness and transparency and is regulated by CySec in Cyprus as well…
Why Paper Trading Won’t Help You Make Profits Many traders make money on paper and with demo accounts yet when these same traders open real trading accounts 9 out of 10 lose their money, despite the success they enjoyed in paper trading. Why? The big myth is that if you can trade and win on paper you can trade and win with real money. This is simply not true. My…