General
Written by Danielle Franklin Sunday, 25 December 2011 07:47
Forex trading is a very dynamic business where people trade in international currencies. The international forex market is the largest trading market in the world where billions of dollars worth foreign currency is traded by financial institutions, banks, brokers and individuals. However, this market is so volatile that it is important for you to be well versed with how the market behaves. This means you should be able to understand the forex trading basics. Otherwise, you could lose your entire investment within a matter of hours.
Written by Danielle Franklin
Today a trader can easily find forex charting services on the net, some of which are offered for free. The charts provide the necessary data to keep up to date with the price movements of the selected currency pair and therefore are one of the useful tools in forex trading.
The question many of you ask is whether the free charts are any good? Why are they offered without any fee attached and whether you can actually trust them?
Written by Danielle Franklin
In the past, compared to other investment options like stocks and options, forex trading had been rather unregulated. Recently, there have been lots of talks, rumors and opinions about the proposed changes to forex trading in US by Commodities Futures Trading Commissions (in other words CFTC). What does it all mean? How can this affect you? Is it a good time to change your broker?
Written by Danielle Franklin
Conventionally stocks have been considered the optimal investment opportunity for many of us, however the recent volatility and fluctuations made many investors look for the alternative - currency trading. Before leaping into the unknown territory, however, it is important to fully understand the differences between the two equally sophisticated and profitable prospects. What are the benefits of each? What are the major differences between the two? Why today so many stock traders are turning to forex?
Let’s consider the following essential differences between stock and forex markets:
Written by Danielle Franklin
Forex trading is not a computer game, it is not simple and it is definitely not 100% get-rich-quick scheme. Before your clench to yet another mouthwatering promise of unlimited profits and absolutely no loss, go over our list of things you should know.
1. Fully Examine Your Broker.
First of all, it is always a good idea to know everything about your forex broker. Registered brokers are generally more trusted. Read everything written in tiny letters (especially go over terms and conditions). Find out where the broker is located and make couple of phone calls – see if they actually answer! Customer support can be at times even more important than any trading features available!
Written by Danielle Franklin
An essential piece of the forex success is in trading education, forex information and learning materials. Today internet offers large variety of both free and paid trading resources to help out a beginner. Out of all available information, what is useful and what is disorienting? Are there quality free resources or it is worth paying for a trading course right from the start? Can forex forum or blogs be of any help?
Written by Danielle Franklin
As a beginner in forex trading, there are times when you feel hopeless and ready to quit You are giving all of the efforts and time but the losses are still greater then profits. You start wondering if forex is really a matter of gambling and you are simply not the lucky one. Should you continue trying or losses are the signs to call it a day? Is forex trading for everyone?
Forex trading cannot be conquered in a day. It takes a lot of effort, discipline and time to truly become a guru. As a beginner in forex trading you must be ready for:
Written by Danielle Franklin
By now many have realized the insanely wealthy potential behind online forex trading. The ability to trade literally any time of day and night is definitely a catcher. The 24-hour forex market opens opportunity doors to every individual willing to learn, practice and invest. Apart from the obvious of seeking more cash, not all traders trade for the same reasons. This made me ask an ultimate question - why do we trade? Is it a greedy desire of getting ridiculously rich fast or just a time-passing hobby? Is it the need to feel alive or a substitute to our gambling needs? Or is forex trading a real job or just an enjoyable ride?
Written by Danielle Franklin
Size does matter even in forex trading. According to the latest research at
Based on the study findings, traders whose ring fingers are longer than their index fingers make almost eleven times more money than their less fortunate colleagues. The trick lies in the amount of prenatal testosterone exposure which leads to the better concentration and reflexes skills needed to make quick and correct decisions during trades.
Written by Danielle Franklin
Becoming a millionaire is every forex trader’s dream. Many beginners search for examples of super rich in forex market, but usually fail to extract any documented proof on the internet. Does the law “if you can’t see, it doesn’t exist” apply to trading? Are there millionaires in forex?
Let’s imagine for a minute that you are a millionaire. Would you really want to go around posting your glamorous income invoices all over the net? I don’t think so! When you start making a lot of money, you definitely wouldn’t want everyone to know about it. Unless you are eager to be robbed physically or strategically, it’s better not to talk about your earnings with anyone, especially not on forums or blogs.
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