Forex Market Myths IX – Day Trading Is Profitable
Day trading can be very profitable for many; it’s profitable for your broker, for companies that sell signals, and for some system sellers. If you are an individual investor, just like me, day trading will make you lose money.
Forex Market Myths VI – Complex Systems Are BetterMany forex market gurus want you to think that trading is a complicated task. The truth is it’s not. You only need a good mechanical system, sound money management rules and, most importantly, self-discipline.
Forex Market Myths VII – You Need a Lot of Money to Trade CurrenciesWhat is the minimum capital needed to trade profitably the forex market? There is no straight answer; that would depend on your goals, expectations, and tolerance to risk. Compared to other business opportunities the currency trading is a very affordable occupation.
Forex Trend Trading – Why It Is Unwise to Trade Against The TrendWhenever you read anything about trading on the Forex market you will see a disclaimer stating that Forex trading is very risky and no advice here is intended as to how you should place any of your individual trades. The reason for this is simply that it is true you can lose everything you had in a very short time when you trade the Forex or any commodities futures market for that matter. Therefore, anyone who is talking about trading the Forex has to be very careful to make everyone knows he’s not giving explicit market advice, unless however, he is. I am not. However, even though any type of trading can be risky, there are some things some traders do that are more risky than others. In this article, we talk about one of those things.
Forex Market Myths V – You Can Accurately Predict the Market’s MovesDespite of what some market gurus want you to think you can’t know, with 100% certainty, what the market is going to do, or when, the good news is that you don’t have to know to have a profitable career as a forex trader. Trading is a game of odds and your job is to keep the odds in your favor. Here are some ideas I would like you to consider:
Easy Forex Strategies: Range TradingOne of the best Forex trading strategies for the beginner is range trading. The reason is that it is probably the easiest strategy to use. It is not just beginners who use this type of strategy, a lot of very successful professional traders also use it. While it is a fairly simple strategy there are a few things that you have to be careful of when you are range trading.
Easy Forex Strategies: Day TradingOf all the Forex trading strategies that you can follow the most common is probably day trading. Forex is a lot better suited to this type of trading than other investments are so it is one that you should definitely look into. It is an especially good strategy for the beginner since it does not require you to hold positions overnight.
Forex Currency TradingForex currency trading is the largest market in the world, with trillions of dollars being traded globally everyday. Just imagine, with the constant changes in different nations’ economy, the value of their respective currencies rise and fall as well. Because of this, there is a lot of profit to be gained in buying currencies at a low price and selling them later on as they rise.
3 Reasons 1/3 of All Investors Are Using Forex Software TradingForex software trading is the most reliable way to invest in the forex market today. Because this technology has enabled millions of traders around the world to realize their financial independence through cold algorithmically crunched market behavior, this technology has become incredibly popular in recent years as more and more traders and everyday people are catching wind of it and using it effectively in the market. In this article we are going to identify three different reasons for why more than one third of all forex investors are forex software trading.
A Market of Ready-To-Use Forex Trading SoftwareWe will help you to find a lot of programs and a wide range of trading software for all versions of MetaTrader, Tradestation, MetaStock, MultiCharts, AmiBroker, NinjaTrader and more… that release traders from routine operations helping to focus on really important matters. Indicators, automated trading systems (expert advisors), custom scripts and anything else trading related…
A Look At FXCM and Master ForexFXCM and Master Forex are some of the partners you can have as you enter the world of currency trading. Currency trading is the largest market in the world, having trillions of dollars being traded on a daily basis. Although the stock exchange is often more familiar to people, the stick exchange only deals with around 10 billion dollars everyday, a huge difference from what Forex deals with.