Currency Exchange Rates and News
When there are countless ways of making money from the market, you will be certainly spoilt for choices. Many investors consider forex trading as one of the most lucrative sources of making money. You need no big money to start your venture here; all you need to know is the value of currencies which you want to trade besides their changing value in sync with market conditions.The Basics of Making Money in Forex
Forex is a great way to make money from money. It involves the buying and selling of different currencies in order to earn profit from fluctuating exchange rates. Trading on Forex requires patience, time and an eye for market trends. You need to know the basics of making money in Forex if you’re ever going to progress to a point where you’re earning a steady income from your investment choices.Forex Trading – Why So Many Traders Failed To Generate Profit
Along with the publication of all the great things about forex trading, many people have turned themselves into traders. Fast internet technology, leverage, zero commissions, 24/7 access, all are responsible to the increasing level of popularity of this income generator. Unfortunately, lots of them in the end found themselves burning down their hard earned money. This article presents several causes why it happened.How the NFA Affected the Forex Hedging Market
In August 2009, the entire Forex market specifically the Forex hedging market underwent a major shift thanks to the NFA. A new rule that goes by the name FIFO, which stands for First In First Out was established by the NFA and it turned the entire Forex hedging industry on its face.The Trader’s Arch Enemy
Recency bias may not be a home expression, but I guarantee that anyone that has ever traded has experienced it. Recency bias could be the predisposition for dealers to place extra importance on more modern trades and to place less worth on less recent trades.Forecasting Exchange Rates, As Unpredictable As The Weather!
With something as unpredictable as the Forex market, myths that suggest that it is anything other than a labyrinth with a minotaur around every corner are dangerous. Given the odds, it is almost impossible for a new trader with zero knowledge of the market to get lucky and make their fortune. They are almost certain to crash and burn without expert guidance yet the proliferation of myths regarding foreign exchange rates make it more likely that they will try and beat the market with no knowledge anyway.How Automated Forex Trading Software Helps You Learn and Earn
Can an automated forex trading platform help you learn and earn from the forex market? For those who have extensively used platforms, the answer will be an unreserved yes. It’s unfortunate; however, that not many people are earning from forex not because the platform is in some way limited. Most times the reason for lack of success comes from neophyte traders not fully taking advantage of the features of the platform.Forex Indicators – Which Are the Best Ones?
There are several indicators or charts used in Forex market now. They differ in the methodology but they all have the same purpose and goal: To help traders predict what will happen due to fluctuating rates.Use Technical Analysis When Learning Forex Trading And Maximise Your Profits
Making money forex trading is all about correctly predicting the future exchange rate. Some traders may wear their lucky pants, others may read the tea leaves but the best method for any aspiring forex trader is using the tried and tested tool of technical analysis.Most Successful Forex Traders Overcome Futures Fright
This short piece describes how personal prediction skills get confirmed or refuted with every trade. It discusses the tortures of attempting living peaceably with a nagging opponent, the worm of doubt.Forex Time Frames – How Many Time Frames Should You Use?
The great thing about the Forex market is that it is open 24 hours a day (Monday – Friday). This means that it’s very easy for people all around the world to trade any time frame they like. However I personally believe that your ultimate success in this industry will not only be determined by which time frame you use, but also by how many time frames you use.How To Use Forex Trending Indicators
When you are trading foreign exchange, you need to be able to spot trends in order to be able to sell and buy at the right time and then maximize your profits, and forex trending indicators can help. There are tools that you can use in order to give you the best information to sell at the right time in a trending market and these are called forex trending indicators.