What Is the Best Forex Trading Software in the Market?To get started with Forex trading, basically all you need is a computer and an Internet. But after signing up with a broker they will often provide you with their specialized software to make your trading easier. This software can be either web based or can be installed on your computer and run from your desktop.The web based software has the advantage of being able to run on any operating system, without any installation. On the other hand, installed software generally runs faster and keeps your data stored locally. A common question which brokers get asked is “what is the best Forex trading software on the market?” But in reality there really isn’t one specific software program that suits everyone. Forex traders will have their own...
الثلاثاء، 16 يونيو 2015
What Sets the Forex Market Apart?
What Sets the Forex Market Apart?The forex market is one of the most interesting trading markets out there because there are so many different aspects that make it unique. While many traders are familiar with the stock market and even commodities, these pale in comparison to the sheer volume traded on the currency exchange markets, more commonly referred to as the forex market.The first thing to know is that the forex market is by far and away the largest trading market in the world with a volume that is in excess of $4 trillion USD a day. No other market comes remotely close to matching this sheer trading volume. Currencies are always traded in pairs, so a USD/JPY trade means US dollars are being used to buy Yen, while selling those positions means those Yen are used...
Who Is Involved In Forex?
Who Is Involved In Forex?There are in excess of one hundred different official currencies globally. Most international trades and payments use the U.S. dollar, Euro or Yen and there are several players in this market. Currency trades can be done via spot transactions, swaps, option contracts and forwards.Central BanksThe central banks form a very important part of the foreign exchange market. Interest rate policies and open market operations of the central banks play a huge role in currency rates. Central banks make decisions regarding the regime that will be used to trade their currency in the open market. The different types of regimes are pegged, fixed and floating types.The actions of the central banks are done mainly to increase the value of the currency...
Why Forex Is The Best Market For New Traders.
Why Forex Is The Best Market For New Traders.It is my belief that Forex is hands down the best market for new traders. When everyone thinks about trading, they automatically think about the Stock exchange. What they don't understand is that it cost a lot of money to actively day trade the stock market. By law, the SEC, requires a large minimum balance for day traders. In this article, I will give you several examples why new traders will find it easier to trade the Forex market as day traders and as other short time frame based currency traders in this market.There are some inherent advantage to Forex. The first benefit is that you can fund an account with a broker with as little as $5 and as much as a million. Forex makes it so that any trader, no matter their account size has an opportunity...
Why Use A Foreign Exchange Calendar ?
Why Use A Foreign Exchange Calendar?Foreign exchange trading is more often than not based on assumptions determined by a volume of data. It is possible to predict the future by the use of historical forex information, however, care should be taken when this is done. The volatility of this financial market makes it difficult to predict the future. You should consider using a foreign exchange calendar to provide you with an edge when you predict trends.EventsOne of the economic events that is currently affecting forex rates is the rate of unemployment. News releases on this and other economic factors that affect financial markets are constantly being made available. Some of the other events that you should be aware of for effective trading are non-farm payrolls,...
الجمعة، 5 يونيو 2015
Free Forex Advice For Beginners
Free Forex Advice For BeginnersThere are many ways of making money in life, and one of them that has gained a massive following in the last few years is Forex trading. This involves the trading of currencies, and you are basically betting on whether the market will move up or down over a period of time. In its basic form, this is no more than a 50/50 coin toss, so a strike rate of 50% is the worst you should do. To make a profit you will need about a 60& to 65% success rate though, as you need to take into account the broker fees you pay on each trade, win or lose.SoftwareThere is so much software available to trade on Forex these days, a newbie can get confused before they have even started. The best advice is to use MT4, as it is free open source software that nearly all brokers use....
Forex Why I Use An Empty Chart
Forex Why I Use An Empty ChartI am one of the few traders who doesn't use any type of technical indicators. I trade using a raw candle stick chart with nothing on it. I don't even use moving averages. How did I come to trade like this? I came to trade like this after losing my money over an over again. The methods that called for using these indicators didn't work for me and it didn't fit the way I think and trade. I find that those lagging indicators just get in the way of what truly matters in the market, price.Price is the only thing that matters when you trade Forex. The only thing you should care about is where was the market, where did price go and where do you think it will go. Trading is not a science and it is far from a solved game. Everyone is using guess work to make their trades....
Forex Why I Hate Long Term Trading
Forex Why I Hate Long Term TradingAll my risk takers are going to agree with me, long term trading is boring. We didn't get into trading to sit on the sidelines; we go into trading to make money and to make trades. How much of a trader can you be if you hardly trade at all. I share all of these sentiments and I do that most traders who think like this are losing traders. Traders who look for action pretty much are looking to lose their money. Even with knowing this, there's a part of me who has to have some action.This article is going to be about how you can trade as often as you want using almost any strategy without going broke. This is for my gamblers and risk takers. You know who you are! You probably don't care that long term trading has a higher ROI and exposes you to less risk....
Forex Watch The Tricks That The Banks Play
Forex Watch The Tricks That The Banks PlayI have named this article, " Watch the tricks that the banks play." If you have noticed, the Forex market is a trillion dollar spot market and the bulk of that money is not coming from retail traders like you and I. It's not coming from a bunch of guys who discovered Forex trading over the Internet. The majority of the money, something like 99% of it, comes from huge global banks and businesses. These global banks and businesses are the true rulers of the Forex market. When you see a price move in the Forex market, it is because one of these big dogs is making a move.Many new and some old traders never truly learn what they are up against. They falsely believe that all they need to do is learn a few things and use the right indicators and they will...
Forex Trading Tips To Help You Get Started
Forex Trading Tips To Help You Get StartedHave you ever thought about becoming a Forex trader? You could become a successful trader as long as you are ready to work hard and educate yourself about Forex. Go over the following article to learn more about Forex trading and the efficient strategies you can use to get started.The best way to become a successful Forex trader is to educate yourself about efficient trading strategies. You can easily learn everything you know about Forex thanks to the Internet. Purchasing educational material is a good option but you need to choose material developed by professional traders.Practicing with a demo account is an excellent way to get some experience without losing money. You should learn more about different brokers and purchase a demo account from...