“I’m wondering what the best currency trading strategies are? I’ve been trading Forex for only 7 months now and consider myself and still consider myself to be in the beginning stages of learning how to trade currency. I have plans for becoming a professional currency trader and financial analyst. But now I need advice about [...]
Here are the advantages of FX Trading which of course is also known as FOREX, Forex Trading, or trading Foreign Exchange Currency. High Liquidity: This is the market with greater liquidity. There is very little risk of not achieving abandon currency. Most transactions can be executed at one price. This helps prevent the imprisonment of [...]
Forex currency trading can be learned by anyone, it’s a specifically learned skill, yet the vast majority of Forex traders lose. If you want to avoid being part of the losing majority, you need three basics for success… These basics for success really don’t have anything to do with your actual Forex trading strategy, but [...]
Global Forex Trading Questions – Part 1 of 4… Forex is recognized as the world’s largest financial market, though it is relatively new terrain for retail traders. Prior to the opportunity the Internet provided for traders, FX had primarily been the domain of multinational corporations, secretive hedge funds and large financial institutions. Times have changed, [...]
Global Forex Trading Questions – Part 2 of 4… How do Forex commission work? Unlike options, futures or stocks, which are exchange-based markets, there is no commission in the Foreign Exchange market. The FX firms behave like dealers, not brokers, a critical distinction needed to be understood by all investors. Unlike brokers, market risk is [...]
Global Forex Trading Questions – Part 3 of 4… What is really bought and sold on the Forex currency market? Quite simply, “nothing” is the answer. The Forex market constitutes a purely speculative market with no physical exchange taking place, no hard cash to hold of currencies traded. The trades all exist notionally, purely as [...]
Global Forex Trading Questions – Part 4 of 4… What is carry? The most common and popular trade in currency exchange, practiced by the largest of hedge funds as well as the smallest of retail speculators is the carry. The fact that each and every world currency is attached to an interest rate is the [...]
Here are some practical Forex trading schedule tips so you don’t need to live like a vampire without sleep. The thrill of the market and the chance for making remarkable profits makes many new forex traders dive right into forex. Immersed in and obsessed by various economic calendars they trade voraciously on the release of [...]
