That time I invested $10,000 into the wrong thing

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Before you get started in Forex trading there are a few details you need to know about Forex. “Forex” is short for foreign exchange. In trading on the foreign exchange there are always two currencies involved. The combination of the two currencies is called a “currency pair” or “pair” for short.

Are you thinking about trying your hand at forex? Think you might have what it takes to be successful? Don’t fall in the same traps that so many before you have fallen into. Taken from successful and yet-to-be successful traders from all over the world, and some from my own book of forex blunders, here are 10 things most wish they’d known before they started to trade foreign exchange. Print this out and hang it right beside your computer monitor!

Automated Forex trading can be a powerful cash sucking machine, but is it right for you? Do you think you are ready for Automated Forex?

I remember my beginning trading days when information on trading was not as readily available as it is today. Internet was in its infancy and the best source of info was a local library and a few trading magazines and papers. However it didn’t take me too long to realize that Technical Analysis and TA tools if used in the way that majority of traders were using them was a sure way to lose a shirt.

Every trader starts trading for one reason, to make money. And to do this they need to generate a consistent number of successful trades. All traders will suffer losses, but the key is to ensure that your winning trades significantly outweigh the losing trades and therefore create a profitable margin within your trading.

Cash For Gold opportunities are becoming ever more frequent as the economic downturn continues to bite ever harder. The gold price has traditionally operated in a counter-cyclical manner, rising when the economy is in trouble, and staying static or even falling when other investments are promising investors more for their money. With the financial crisis of 2007-2010 being one of the most severe on record, gold prices have been rising consistently. Despite the fact that huge investors are moving large amounts of money into gold, there is still a market of people desperate to sell.

If you want to make money from currency trading, you have to start and learn forex for beginners. There is a lot of information available online over the internet. I’m going to show you where to start with forex for beginners, and the rest you have to search and study.

Every Forex Trading System is based on either technical or fundamental analysis or an element of both. A Directional Trading Strategy is based on technical analysis whilst ensuring an awareness of key fundamental factors that could influence the market.

Forex trading is the fastest growing new area of opportunity for anyone wanting to develop their own income that they can generate from working at home. However this opportunity comes with risk and that risk can be expensive if you don’t know what you’re doing.

Feeling comfortable has been proven to be the key for having a long-term, successful forex trading system. It is of fundamental importance because the more you are able to live together with a trading strategy the more chances you have to get the best out of this special collaboration.

Travelling abroad is always fun. Just the thought of seeing a new place, meeting new people and experiencing a new culture, makes the whole thing sound exciting! While the mere idea of vacation abroad sounds fun there is a whole lot of planning involved.