It has indeed become crucial and vital in the recent times to understand the fundamentals of money exchange before venturing into this market. This puts much emphasis on acquiring what is an essential Forex trading education. This may seem like a daunting task, and ask for a great degree of perseverance and dedication, but such…
Forex investment is fast becoming an ideal and convenient way to make some quick bucks. By keeping an eye on the currency pairs that you think will yield profit, and holding them for the necessary period of time, one can for sure afford a fortuitous retirement. However, no matter how easy it may sound, it…
In my last post in this Learning Center series I gave some brief insight as to my journey in the Forex. In this article I will go over some simple concepts and Forex history. The Forex is a cash inter-bank and inter-dealer market that was established in 1971 when bank float exchange rates began to materialize between countries. Liquidity in this market is like no other. Prior to the recent and explosive international growth of the Forex the industry was limited to master traders who positioned themselves with a $100 million dollar account and were connected directly to the inter-bank currency exchange. Today, the exchange of currency has expanded from master Forex traders, banks, and trading floors to include home computers. The simplest definition of the Foreign Exchange is the exchange of one currency for another. Unlike the traditional exchange of the stock market, one may earn profits whether buying or selling within the Currency Exchange AKA Foreign Exchange or Forex. Banks are guaranteed a buy or sell twenty-four hours a day by the inter-bank currency exchange float. Through broker relationships and trading margin establishment, leveraged accounts are established and individual Forex traders are allowed to enter the market with home-based computers. Individual Forex traders now share the same leverage guarantee banks have.
To compare the Forex to other markets, the current
As a beginner in the Forex market I wanted to learn everything I could to get an edge. I took multiple courses and entered into mentoring programs etc. I tried all of the technical indicators available in an attempt to find the “Holy Grail”. It wasn’t until after this extensive testing that I realized that success in the Forex market relied heavily on my ability to stick to the basics. All the indicators in the world won’t make you a good trader. I found that the more stuff I tried the more cluttered my screen got and the more confusing trading got. The process I underwent reminds me of a spiritual metaphor I once heard where the farmer who tills his soil and works his land decides to search for enlightenment. Eventually, after years of spiritual search for enlightenment, he finds what he was looking for right there, on his farm, tilling his soil and working his land. However the journey was necessary to discover and appreciate this.
The Art of Technical Trading – Get an inside look at technical trading from the perspective of a master trader.
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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.