When did the training wheels come off the bike? When does the parent let the new driver go solo? When can the new pilot fly solo? When does a trader start to use real money? The answer to these questions will be different for everyone.
One of the first things in each of these examples would be the level of confidence the participants have in themselves. With the bike rider, it might be when he/she does not touch the training wheels any more. With the student driver and pilot, it… Continue
Added by Jed Norwood on February 2, 2009 at 9:30am —
Effective traders are always working to improve their knowledge and abilities. Although you will not use all you know on each trade, increased knowledge will build your trading skills and ability to trade your own beliefs about the market. You will know you are using the material you have learned when you:
* Seek to rellow a trading plan when preparing to trade.
* Strive to consistently study, visualize, internalize, and apply the knowledge you will gain about the market.
Added by Jed Norwood on January 30, 2009 at 9:30am —
I get excited when I have days like this. :) I previously forecasted on my blog that I would go short on the Euro. The pair was trading in a channel that was broken to the downside. In addition I predicted that the news would drive the Euro down against the Dollar. I was right in both counts and I had a profitable day.
Short 1 lot before news release at 7:30 am before the news release at 1.3125 no limit with a 100 pip stop with a trailing stop of 85 pips. The lot is… Continue
Added by Casey Stubbs on January 30, 2009 at 6:51am —
I am trading with avafx since eight months. The very first thing that comes into my mind when introduced to AVAFX
is how easy and friendly their interface is. They have all the features just a click away. Registration process is easy and hassle free for both demo as well as real account. They allow 21 days for practice with $100000 artificial money with dozens of currency pairs and metals. They have a complete set of indicators that can be applied to live… Continue
Added by Anne on January 29, 2009 at 2:34pm —
The US Dollar fell against the Euro and Sterling yesterday as Forex traders and investors gained confidence which translated into an increased risk appetite as the US government moved to shore up the economy. Yesterday, the US Federal Reserve left interest rates at 0-.25% announcing that they will use all tools at their disposal to continue fighting the economic downturn. The Fed declared yesterday that the economy has indeed worsened since their last meeting in December, however that… Continue
Added by princess Todd on January 29, 2009 at 1:40pm —
I mean, isn’t it possible to take profitable trades when the forecast is wrong?
There does seem a predominance of linear thinking by many in the market. There’s always a hint of the ego, the self belief that if you don’t all it right then you’re a failure. After all, trading is a stressful pastime and the testosterone levels tend to spill over into “attitudes.”
Everyone wants to impress by saying they forecast the Dollar was going to do rise, fall or whatever. When I was… Continue
Added by Ian Copsey on January 29, 2009 at 9:51am —
To buy and hold a mutual fund, stocks, or bonds is a common practice. To buy and hold a currency is not as common even though it can be done. When a trader or investor buys and hold, they are usually looking for more than one type of income. Not only the appreciation of the investment instrument but dividends, swap, or interest are also motives for investing.
In the currency market swap may be paid on a daily basis. Swap is interest the banks pays or charges depending on whether you… Continue
Added by Jed Norwood on January 27, 2009 at 9:48pm —
It can be hard to find a forex strategy that works for you and is easy to get into. A strategy though is key when you attack the market. Without a strategy you will be more prone to trade emotionally and with out a plan. Both lead to big losses. I thought I would embed a video in this post of a strategy I devised that works really well for me.
This is just the trailer version because it got to the point where so many people wanted it that I started marketing the advanced version of… Continue
Added by Jed Norwood on January 27, 2009 at 7:30am —
If you want to be the very best trader you can be, you must always be educating yourself, always learning and always improving your skills. That is why I recommend that any active trader should be reading to keep that edge and to learn the discipline and mental toughness that is required to become a successful forex trader.
Take the time to invest not only in your trading but also in yourself. As you grow you become a more well rounded person. As you educate yourself you improve your… Continue
Added by Casey Stubbs on January 24, 2009 at 2:30am —
According to the Daily FX
news, the Dollar rose again against the Euro, which hit a new month low of 1.31 USD, even after the release of a poor US retail sales report which saw sales fall 2.7% in December. Fears over a broadening global recession were realized when Standard and Poor’s downgraded Greece’s credit rating to A- / A-2, something they had warned about doing last week. Forex traders continued their move towards the US Dollar as it is still believed… Continue
Added by princess Todd on January 17, 2009 at 1:08pm —
Yesterdays bad US ADP Employment Change made stocks in the US drop significantly and this will spill over into the European session today as equity markets are pricing in bad Non-farm Payroll Friday.
* Yesterday’s ADP Employment Change of -693K finally had equities reacting on negative news. Today’s Jobless Claims might confirm the job losses.
* S&P500 dropped 3% and could test trendline support at 891 today.
* Obama says that the coming… Continue
Added by princess Todd on January 10, 2009 at 10:40am —
Here are my forex trading tips for today. I took the help from these sources to come to these conclusion.:
Market Analysis at: http://www.finexo.com/marketReview
Calculate Pivot tables at: http://www.finexo.com/pivotCalculator
View Detailed Economic Calendar at: http://www.finexo.com/calendar…
Added by princess Todd on January 10, 2009 at 10:30am —
Building Your Wealth Through FOREX Strategies
Forex, or FX, is the common name given to foreign currency exchange trading and it can be an excellent way to build wealth as long as you’re willing to invest the time and patience required to learn a little about how it works.
The forex market is reputedly up to 30 times larger than the US Equities market and is a truly global marketplace. One of the key benefits with forex trading is the ability to run a profitable… Continue
Added by Davy Baughman on January 9, 2009 at 3:49pm —
Many times already you must have read there are many techniques which are used to predict the forex market behavior. One of the techniques used is Bollinger bands. These Bollinger bands are also called a technical trading tool and they are normally used in capital market including forex where it was created in early 1980s by John Bollinger. These bands was formulated and based on the need for adaptive trading bands and we identified that the market is rather dynamic not static that we widely… Continue
Added by Anne on January 6, 2009 at 3:17pm —
Still bearish USD
The monetary policy statement from the Fed will be key to watch today for signs that the Fed is planning on launching new, unprecedented measures like quantitative easing and even the extension of credit directly to corporations and consumers. It is clear from current credit spreads that hardly any credit is available on the open market as banks are hoarding reserves to protect their balance sheets. This is guaranteeing that the weakest corporations will… Continue
Added by princess Todd on December 19, 2008 at 1:00pm —
Cuurrency Updates by Finexo
Yesterday's action was inconclusive yet again, with the greenback and JPY reaching for new levels of strength ahead of the major European central bank announcements, only to find themselves smacked back into the range in the wake of these meetings. The ECB cut by the 75 basis points that were widely expected, even if there was heated talk (including from ourselves) that they could chop rates by 100 or 125 basis… Continue
Added by princess Todd on December 8, 2008 at 10:00am —
For money management is the most important things to learn and know before leaning to live trades. Money management teaches us how to avoid the costly mistakes done by various new traders. Often they lose the entire amount of investment on the first hand of trade. Psychology is the most important factor to money management in forex
no emotional attachment with the money how so ever. This is not very easy but it works successfully. Don’t allow yourself to get… Continue
Added by Anne on December 5, 2008 at 3:24pm —
I have seen many times peoples always ask why I should trade in forex. Forex trading has different offers for small and large investors. Here I would like to solve this puzzle a bit and would try to give some valuable reasons why should people go to trade in forex.
Forex trading is immediate:
Forex market is superbly fast. Your order gets filled and gets executed within 1-2 seconds. Since all the things are done automatically with no humans involved. Forex trading online… Continue
Added by Anne on December 3, 2008 at 1:59pm —
Follow these six steps to develop a profitable trading system
Setup: In this you need to concentrate on two things like data and software.
Design: Parameters for the trading is decided under this section used to generate profit.
Decision making: Following decision is to be made at this point:
• What market I am interested in to trade?
• What time is preferred?
• What price series should I used?
Practice: Before applying with real money… Continue
Added by Anne on November 22, 2008 at 10:53am —
Is the broker I want is regulated?
All regulated brokers have to submit financial report to regulatory authority. If fails in doing so the authorities can penalize broker or even end their membership. These rules bind the broker to maintain all the financial report. Using a regulated broker protects investors because they are able to solve disputes.
What are the trading environments?
These include the features which the selected trading platform is offering. Some of the… Continue
Added by Anne on November 22, 2008 at 10:30am —