The foreign currency exchange market is one of the well established global markets. Thanks to the real time flow of information and ability to process that information in very short time, this market is very dynamic and it draws investors who use different strategies. It is also a market that only recently opened to general public without qualifications. Like with any financial markets, investors … [Read more...]

There are a lot of trading options out there, and in the market of precious metals this is an industry that is popular among traders, but there is one way to trade that people are beginning to use more and more. That is, forex trading, the reason forex trading has become so popular is because of the ease at which it is to trade. It is accessible for everybody to become a trader, and the best … [Read more...]

There are two conventional methods for analyzing markets. Fundamental analysis relies on news data, political as well as economic. Statistics such as interest rates, GDP reports, non-farm payrolls, election results, and natural disasters are used to forecast mid-term and long-term movements. Technical analysis includes all types of chart analysis, looking at moving averages and other such … [Read more...]

There are pretty big differences between successful Forex traders and unsuccessful Forex traders. There is an astonishing unsuccess rate of 90 percent, some would argue that this is an elevated estimate, but some would say it is even higher. There is a reason why this is, and why the successful Forex traders are as successful as they are. The Forex traders aren't just in it for the money, it's to … [Read more...]

Forex trading has given an opportunity for young, small-money investors to become rich. In fact, there are plenty of success stories of forex traders becoming millionaires in just a few years. For example, Timothy Sykes took all the money from his Bar Mitzvah, just over $12,000, and by investing in the forex market, gained $4-million over the course of seven years. There have been several other … [Read more...]

Foreign currency exchange always gains popularity in economically turbulent times, and current pandemic is not an exception. Soon after you start trading, it becomes clear that use of every trading tool available is beneficial. They are often the difference between profit and loss. Using them properly and in a timely manner should result in your profit increasing. Tools that enable to read the … [Read more...]

It doesn't matter what kind of trades you are making, but these rules are geared around currency trading. When you start trading, the main thing to keep in mind is to think like an experienced trader, and have a lot of patience. One thing you will want to do is to think of all the potential outcomes and plan accordingly. Without a plan you won't have an easy go of it, and trading isn't always easy … [Read more...]

Trading currencies of global exchange market has additional risks in addition to usual considerations when it comes to general equity, bonds and commodity trading. While it is true that you should not be investing more than you are willing to lose, there are also risks with undercapitalized investments. Before you decide on proper capitalization levels, you should determine whether foreign … [Read more...]

The most well known Forex trader is George Soros. He is known around the world as the man who broke the Bank of England. He was able to predict when the bank wouldn't have enough funds and made billions off this investment. Stanley Druckenmiller is a mentee who worked under Soros at this time and made his own name in the industry. Bill Lipschutz is another well known who made millions in the 80s … [Read more...]

In order to be successful you have to achieve the goals that you set out to achieve. With trading it is no different. Trading is hard work, and you will be faced with challenges on a regular basis along the way. The determination to succeed at it is what you really need. Don't focus on what you will end up with, traders tend to lose focus and end up never reaching their end result because of it, … [Read more...]