Improve Forex trading success rate with 4 simple steps Anything that can be measured can be improved. Let us improve your success rate! Today I will focus on the following steps: How to review past performance to improve success? How to write the plan for success? How to Increase concentration when trading? How to Stick to your trading plan? Step 1: Now please pull out your trading results from your…
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…
You’ll read a lot about the advantages of trading currencies, yet most traders tend to turn advantages into disadvantages due to a lack of understanding. That’s why 95% of currency traders lose money and there’s one thing in particular that wipes out more trader equity than anything else – volatility! Most forex traders simply can’t deal with volatility. Volatility, Deal with it or Lose Money Currencies are volatile, and in…
If you are new to the world of Forex trading then, before you even think about making your first trade, you need to sit down and draw up a Forex trading strategy. The foreign currency market is one of the most exciting and lucrative markets in the world, but it is also extremely fast moving and volatile and, while you can make tremendous profits, you can also make substantial losses…
When someone wants to begin trading forex, the initial decision they need to make is which online broker to use. It is important that a new trader conducts research to find a broker that is going to provide them with a first-class package as there is a healthy amount of competition within the forex market to pull in new business. Where brokers can appeal to a trader is in the…
ForexTea.com can help traders benefit the brokers more. Finding the best forex broker isn’t an easy task. We offer you hundreds of forex brokers sorted by country, regulation, dealing, trading platfrom, payment methods and trading conditions. Every single forex broker listed on is reviewed and rated by experienced traders. Find the best forex brokers,then choose the top forex broker that suits you most. Forex Trading is a worldwide business that…
Stock investment, binary options, and foreign exchange (Forex) trading – these are some of the popular ways of generating additional income aside from choosing the traditional ways (building a small business or applying for a part-time work). Which do you prefer? Oh, so you’re already familiar with stock investment and binary options. You don’t mind trying them but you would be glad to learn about other potential sources of investment…
Forex stands for the ‘foreign exchange’ market. So, what is forex? It’s the medium used to exchange one currency for another. Let me ask you something. Have you ever traveled to another country? Surely you’ve purchased a product from overseas on EBay? Maybe you simply needed to transfer money to an overseas bank account. If you answered yes to any of these, you would have needed to exchange currencies on…