Forex Strategies
This article is about forex trading strategies. Know more about various forex strategies used by forex traders for maximizing their profit and also minimizing their loss. Learn about the need of a forex strategy for an online forex trader.
Understanding Currency Pairs in Forex Currency TradingBuying and selling of forex in forex trading is done in pairs of currencies. Under this, two different currencies get quoted. One currency is called the base and the second constitutes the quote or counter currency. For example, EUR/USD is one pair of currency. Under this pair, EURO is the base currency and USD or US dollar is the counter currency. Here, it has to be seen how many units of the counter currency are needed in order to buy a unit of the base currency. The quotation EUR/USD 1.2500 will mean that 1.25 of US dollar will be needed to buy one unit of Euro.
Advantages of Forex Trading Over FuturesAt present the futures market has gone far beyond rural products. It is a global market today for all kinds of commodities, including man-made goods, agricultural products, and monetary instruments such as currencies and capital bonds. When this futures market is played by some of the speculators, the real goods are not significant as there is no anticipation of delivery.
Preferred Forex Trading Hours – Choose The Best Trading TimeTrading is considered to be 24 hours 5 days a week. It starts from 23.00 (EST) Sunday and closes at 24.00 (EST) Friday (trading server time). The time zone in forex trading is referenced in terms of Eastern Standard Time (EST). Currency trading involves global exchange of currencies all around the world. When forex trading stops in one part of the globe, it opens in another part.
Forex Trading – 2 Simple Tips to Dramatically Increase ProfitsEnclosed you will find 2 simple tips that will help you increase your profitability dramatically and they can be incorporated in any forex trading strategy. These tips are not commonly accepted by most traders but as 90% of traders lose, we wont let that worry us!
Forex Signals and Money ManagementDo you know what it takes to become a successful forex trader? You will need entry exit signals, excellent money management skills and a correct psychology to trade the markets. As a successful trader like any other top traders and money managers, you will require a sound strategy for risk. I will take you to the core of trading. Developing trading program using the information in this article will give you insight into geometric account size growth during winning periods and preserving account size in losing times.
Benefits of Mini FOREX Trading AccountsMini FOREX accounts are designed for investors new to online currency trading, with limited trading capital. Trading with a mini Forex account is a great way to experience the excitement and profits of currency trading, while minimizing your risk.
Currency Options – A Simple Strategy for Consistent ProfitsCurrency options if you buy them offer you unlimited profits and limited risk – that’s good, but your chances of success are not high as 90% of options expire worthless. On the other hand, an option seller has a 90% chance of success and if you do it correctly, then you can build huge profits over the longer term.
How To Make Money The Smart Way Using ForexThere are millions of people worldwide that see the Forex market as a place to invest for the future. Many of these people have invested in the stock market with good and bad results and look to the currency market to increase their income stream. But theres a problem!
Currency Trading Systems – The Major Reason Most LoseIf you buy a currency trading system from a vendor, chances are it won’t make money in line with its track record. Furthermore, if you test your own in most cases it won’t produce the same in real time trading. Why? The answer lies in curve fitting – if you don’t know what curve fitting is, read this article and it could save you a lot of money.
Why Online Forex Trading is AttractiveOne major guide for successful forex currency trading is the identification of trend. That is what many forex trading software use in their analysis. In FX trading there are always identifiable trends in the movement of forex exchange rate. These last longer and are more clearly defined than is the case in any other type of trading, be it stock trading or commodity trading.