Forex Education – The Importance of Psychology a Live Lesson
In an article a week ago “US Dollar Outlook – Dollar to Strengthen Further” we postulated that the dollar would have a good week and so it has proved. Our logic was purely based upon trader psychology NOT the fundamentals or news. This week’s action shows graphically how important trader psychology is.
Currency Trading Success – Getting the Right Knowledge for SuccessOne of the biggest myths of currency trading and achieving currency trading success is knowledge is the key, while knowledge is of course important, this is not the hard bit of currency trading. Anyone can learn currency trading yet 95% of traders lose – Why?
Forex Trading Strategy – Why You Can Never Predict Forex PricesMany new forex traders think the core of a forex trading strategy should be predicting where forex prices will go. Try it and you will lose, you will win if you trade in a different way so why is prediction not the way to make money? Let’s find out.
Forex Trading – Can Anyone Succeed?Can anyone succeed in forex trading? Absolutely – as long as that person has the ability to accurately predict market swings and trend, and act upon them precisely for minimum risk and maximum gain. Forex trading uses currency form a large variety of countries and forms a trading marketplace where trillions of dollars are exchanged every day. It is important to understand the different parts of the market, in order to accurately interpret it.
Forex Trading – Who Is Succeeding?Success in forex trading all comes down to timing. It is a matter of predicting when to invest in one countries currency, and when to sell the currency of another. Forex trading is most commonly conduced via a financial institution or broker, as they will be able to achieve more leverage than independent traders. This article will focus on who is participating in currency trading, and more importantly who is succeeding.
Knowing Some Basics Concerning the Foreign Exchange MarketWe come face to face with our local money every day. The time will come when some of us will need to make or receive a payment in a foreign currency. Summary of the basic terms used in the foreign currency exchange market, for those who will one day face the need to buy or sell foreign money.
Information Regarding Currency Trading Courses That Can Be Very Beneficial To YouIn order for you all to completely understand everything that there is to know regarding currency trading it is absolutely necessary for you to consider taking some courses and believe me, they will be very beneficial to you. Understanding currency trading is not the easiest task in the world, most of you already know that right.
Understanding Interest Rate Influence On Forex MarketForex traders around the world are waiting for the last US Federal Reserve interest rate announcement for the year on Tuesday, December 11, 2007 at EST 1415hrs. Most Forex market traders are anticipating at least a quarter point cut from the current 4.5%.
Forex Trading Using Technical AnalysisTechnical analysis is the interpretation of price action through the use of charts and indicators. Indicators have a very specific place in trading. The majority of popular indicators do not perform consistently in volatile conditions. There is too much whipsaw or up and down price activity. Because of this, indicators are best used on larger time frames and trading in markets with low volatility.
Forex Trading – Why You Should InvestForex trading is an extremely lucrative investment option where money can be made 24 hours a day via investing in foreign currencies. The forex marketplace is simpler in terms of product (currencies) you can invest in when compared to other investment options such as the stock market.
How to Find Time to Trade the ForexHave an interest in trading the forex market? However you feel you may not have the necessary time.