WORKING TOGETHER WE ACCOMPLISH MORE I know some of you may have some questions as to why/how I am able to get such great rebates and sign on bonuses for our traders opening trading accounts. So I thought I would explain how the forex world goes around real quickly here. INTRODUCING… THE REFERRING AGENT First,…
Trend analysis is an indispensable function of the successful Forex trader. Just like a good mechanic or carpenter, having the right tools in your toolbox will make all the difference in your ability to break down trends and trade in the direction of established trends. Following are some essential Forex trend analysis tools to include…
A trader with a mediocre system and great money management skills will fare better than a trader who has a great system but no handle on his money.
Emotional forex traders will be tempted to chase bad money with good, and subject themselves to even greater losses.
Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing.
In the Foreign Exchange Market, there are no absolute guarantees, but learning to trade Live-on-the-News (LOTN) is as close to a sure thing as you will find. This kind of Forex trading makes the most of the fundamental elements of the market.
The methodology for predicting and trading these trends is simple and straightforward: monitor the economic calendar and trade the news.
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
When it comes to trading Forex, most short-term traders are also short-time traders. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.
Predictable indicators seem to point toward a good year for informed currency traders. The Foreign Exchange Market will remain an exciting – and promising – arena for the serious investor.
Volatile and uncertain: these seem to be the sentiments governing the Markets at the beginning of 2008. Concerns about recession in the United States, fueled by the embattled subprime industry, rising fuel costs, cautious consumers, and a litany of other financial worries. The Fed has responded with unprecedented swiftness and purpose, slicing its rate by 125 base points in a matter of days. The current administration, along with Congress, promises rebates to American taxpayers to stimulate the economy.
The verdict is in. Despite the fluctuation in world markets, 2007 witnessed robust growth in Forex trading. The results of the triennial survey of Foreign Exchange and Derivatives Market Activity, conducted by the Bank for International Settlements, paint an interesting picture of a remarkable year: “The 2007 survey shows an unprecedented rise in activity in…
