Most of the traders usually think about gaining profit at Forex but only few of them ponder a question what steps to undertake in order to earn profit and grow professionally. Articles like “Useful tips at Forex” are very popular; however only few people use recommendations given in such articles in trading, as it can be difficult to introduce something new in life; we all prefer to follow the lead…
One of the options, which can eliminate such concerns and increase investment – is the system of trust management system. An investor does not need to know all the details and peculiarities of trading at Forex as the job of making profit will be done by professional traders. They will analyze market, make all trading decisions and carry out trades on the investment accounts. An investor pays off an interest…
5 tips for new forex traders Forex trading is full of opportunities but also riddled with pitfalls. The thrill brings in new traders constantly but most likely they are there for the easy money that was promised in an ad somewhere. Unfortunately, these riches are available only for a lucky few who get it right on the first trade. For all the rest of us being careful, having a solid…
How to Make Your Own Forex Pivot Point Calculator A Microsoft Excel spreadsheet lends itself very easily to creating your own pivot point calculator or if you wish you can download a free copy of the one I use listed in the resource box below. The Formula The formula for creating pivot points is based on 4 figures you need to obtain from your Forex charting software. You just need…
In this article, I will be focusing on the importance of money management in Forex trading. Successful Forex traders have a larger edge and better money management than unsuccessful Forex traders. After observing hundreds of amateur Forex traders, I began to discover that their failures can be explained almost exclusively by their poor money management practices. When trading, the importance of money management is underestimated by a lot of Forex…
How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article. Trading the Forex market has many benefits over other financial markets. Among the most important are superior liquidity, 24 hour market, better execution, and others. Traders and…
According to one veteran trader, forex education can take anywhere from a few months to 3 years, depending on a person’s level of experience or aptitude. That’s quite a learning curve and plenty of time for despondency to set in from your partner or family members as they see you sat in front of a computer screen hour after hour, and no money coming in as a result of your…
One of the main reasons why over 90% of new Forex Traders lose their entire accounts within a few months is that they fail to understand that their new profession entails high levels of risk. To counter this problem, they need to grasp the concepts of good money management as quickly as possible. Although mastering money management does not always in itself bring profits, it does contribute to protecting existing…
Why Paper Trading Won’t Help You Make Profits Many traders make money on paper and with demo accounts yet when these same traders open real trading accounts 9 out of 10 lose their money, despite the success they enjoyed in paper trading. Why? The big myth is that if you can trade and win on paper you can trade and win with real money. This is simply not true. My…
You might have found the perfect trading system for you – and it has been performing well. Then, all of a sudden the market volatility dies out and your system starts performing really badly. You’re caught with your pants down wondering what happened. You may start to wonder, has your trading system reached the end of it’s life? Because this once great strategy now seems as useless as an ejection…