Search Result (39 Snaps)

Forex trading risk management | PL: 10  Category: General | Comments (0) 2010-07-22 08:32:26 Natural size Forex trading risk management The most important rule for investing is risk management. When not doing it right, too big and powerful banks with hundreds of years of experience can collapse overnight as we have seen the global financial crisis. Big companies have collapsed because of the risk management is not true. The first rule always is each investor. No traders with money intended for food, taxes, or anything else. That is money used for trade is money that if you lose the whole process will not affect your...   Tags: Forex trading, risk management, Forex basics   Member: Ivan, Kiev | 2 Snaps

Learn Forex – Hoping, Wishing, and Praying in Forex Trading | PL: 3  Category: General | Comments (0) 2010-07-19 07:50:03 Natural size Learn Forex – Hoping, Wishing, and Praying in Forex Trading Many traders in the forex market (and any speculative financial market, for that matter) often find themselves in the unenviable position of hoping, wishing (and sometimes praying) that a particular trade will go their way. Usually, this occurs when a trade has gone horribly wrong and the trader refuses to let go. Needless to say, more often than not, hoping, wishing, and praying just don’t work when trading forex. The one thing they do accomplish, however, is to make the act of trading...   Tags: Learn Forex, Trading Psychology, Forex Basics   Member: Devin, India | 5 Snaps

Trading And Ego | PL: 6  Category: General | Comments (0) 2010-07-09 10:19:04 Natural size Trading And Ego Does your ego get in the way of your trading? After a couple of wins do you think you can't fail and go on to lose all your days gains? Here we look at ego and how to control it when trading. Imagine a stage populated by the main characters that comprise your inner 'trading decision making committee'. It's a short odds bet that the loudest shout for leading man / woman will come from the ego. Brushing aside rationality and requests for inclusion alike, the ego will pronounce...   Tags: Psychology, Forex trading, trading psychology, forex basics   Member: Oliver | 7 Snaps

Why Every Trader Needs A Trading Strategy | PL: 9  Category: General | Comments (0) 2010-07-02 08:25:37 Natural size Why Every Trader Needs A Trading Strategy Everyone who joins Forex market wants to make a good income. Though Forex trading in Singapore is a very popular type of business, it is very hard to make income in Forex. Make profit in Forex is a target of every Singapore trader but in order to do it, you must learn to develop a trading system and follow it. First of all, as a trader you have to decide what amount of the investment you can afford to lose. Of course, this amount is very individual for every trader and depends on his...   Tags: forex basics, trading strategy, risk   Member: Rudi, Munic | 3 Snaps

Forex Trade: Main Drawbacks of a Forex Trader | PL: 7  Category: General | Comments (0) 2010-07-01 07:59:19 Natural size Forex Trade: Main Drawbacks of a Forex Trader Why is it that very few traders succeed in the Forex trading environment while the grand majority of traders fail to achieve success? Although there is no hard answer to this question, there are a few things that will put you one step ahead and will definitely put the odds in your favor. The main purpose of this article is to guide you through some important aspects of Forex trading. But in a different way, instead of telling you what to do or the best way to do it, it will tell you what to...   Tags: forex trading, forex basics, Money Management, education   Member: EF | 47 Snaps

Investment Myths And The Forex Markets | PL: 13  Category: General | Comments (0) 2010-06-09 08:09:39 Natural size Investment Myths And The Forex Markets First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. What is a myth: A myth is often thought to be a lesson in story form which has deep explanatory or symbolic...   Tags: forex trading, forex basics, forex market, leverage   Member: EF | 47 Snaps

Forex Trading: Using The Big Picture | PL: 17  Category: General | Comments (0) 2010-05-21 09:23:18 Natural size Forex Trading: Using The Big Picture While the majority of individual investors and traders focus on traditional investments such as stocks and bonds, the fact remains that the FOREX market is by far the most active and liquid market in the world. As more and more individuals become aware of the FOREX market and learn not only about how to trade currency pairs but also about the mechanics and capital requirements involved, their level of participation continues to grow. And while the interest is genuine and the opportunities are...   Tags: Forex trading, forex basics, currency, trend filter   Member: Luíz, São Paulo | 3 Snaps

Currency Correlation and How to Use It? | PL: 20  Category: General | Comments (0) 2010-04-19 07:51:04 Currency Correlation and How to Use It? Currencies are priced in pairs, no single pair trades completely independently of the others. This makes the understanding of correlation very important. For example, currency pair 'A' moves in the same direction as pair 'B' and we have been following up pair A's move very closely. We expect it to go up and we buy. We have not been following up pair 'B' so closely and suddenly we look into that and the fundamentals or technical analysis suggests us that this pair...   Tags: currency correlation, forex basics, forex trading, positive correlation, negative correlation   Member: EF | 47 Snaps

The Prime Time For Daily Forex Trading | PL: 28  Category: General | Comments (0) 2010-04-15 08:33:14 Natural size The Prime Time For Daily Forex Trading Investors and traders can trade currencies worldwide, in any trading zone, 24 hours a day, in today's foreign exchange market. London, Japan and New York top the top three currency traders among the currency dealers. These currencies are being traded 24 hours a day. The only time that currencies stop trading is on Friday when the Japanese market shuts its doors. There is a one day window after Japan closes before Europe steps in on Monday morning to open for business. The majority of...   Tags: forex trading, forex basics, correlations   Member: EF | 47 Snaps

5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER | PL: 23  Category: General | Comments (0) 2010-04-12 09:17:05 5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER One thing that contributes so much to the failure of many in taking lasting profits from the forex market is ignorance about what steps to take when making trading decisions. Let us quickly go over to 5 secrets steps to a profitable forex trading career. STEP1: learn to plot the charts. If indeed you truly want to have an enduring forex trading career, there is need for you to learn how to plot charts on all time frames. The type of chart you plot are determined by your trading system and...   Tags: forex trading, forex basics, profitable forex trading   Member: Julian | 7 Snaps