Why an Economic Downturn is the Best Time to Trade Currencies
This is a guest post by Ally T
It’s true that the stock market on average tends to return meagre profits during economic slow times, but for the clever investor, an economic downturn can sometimes signal a good opportunity to trade in foreign currencies, on what is commonly know as the Forex market.
5 Characteristics Of Successful Traders
This is a guest post by Nick Simpson
Based on my experience, trading the financial markets, I have identified five characteristics that differentiate professional traders from new traders. Generally speaking, professional traders typically do the following:
Is Forex Trading for You?
This is a guest post by Margaret Keely
Forex or foreign exchange is a way you can invest your money. It works by taking advantage of the daily fluctuations between different currencies. When the forex market changes, the movement in points translates to dollars that you either make or lose, depending on your position.
You may be interested in investing in the forex market. However, it is not for everyone. It may look simple enough, but there are actually a number of social, political and economic factors at play that affect the value of a currency in a given day.
Why the Amount of Pips Made in a Day May Not Matter At All
This post is a guest post
The internet is saturated with cheap marketing and advertising ploys aimed at reeling in new forex traders. Most of them promise huge returns with the promise of thousands of pips per month. Many of the marketing schemes on the net boast things like, “Learn how to make 100 pips a day!” or “Our trading strategy yielded 2,000 pips last month!”
First of all, there are all sorts of ways these numbers are fabricated, but the reality is that pips don’t really matter. In this article, we are going to discuss why, and then we are going to discuss what really matters.
Basic Forex Strategies
This is a guest post by Megan Fields
The multi-billion-dollar per day Foreign Exchange Currency Market (Forex) is appealing to the individual investor because it is one of the most liquid investments available. In a way, it is a very simple, straightforward type of investing. Prices can either go up, down or sideways.
That is not to say that you can simply open a Forex trading account with a broker and start placing trades, unless your goal as a Forex trader is to become what’s known as, in Forex jargon, a “donor.”
The Anatomy of a Good Forex Trade
This is a guest post by Alex Johnson
If like so many people you have become dis-illusioned with the financial system and you feel like you need to take charge of your own investments then forex trading might well be a good option for you.
If you are new to forex though, it can all seem very daunting. Figuring out where to start your education is key. So in this post I wanted to lay down the basic structure of a good trade, so that you have at least some idea what you need to learn.
Keep A Trading Journal
This is a guest post by Ahmad Hassam
Why you need to keep a trading journal? Trading is all about being disciplined. Successful traders don’t have any holy grail of systems or indicators. What they have is a lot of common sense and discipline. The importance of keeping a trading journal cannot be overemphasized if you want to become a successful trader. This is how hedge fund managers train their new traders. No doubt, leading banks are able to train and breed successful and pro traders using this simple strategy of inculcating the habit of keeping a trading journal and being disciplined in trading.
How to Be a Top Forex Trader
This is a guest post by Sufi M
In the Forex market, everyone wants to become the infamous powerhouse broker with an unending stream of money coming out of their pockets. The reality is, according to Forex brokers, 90% of traders fail terribly because they just do not know what they are doing, how things work, or that they aren’t prepared enough. The other 10 percent, well, consider that only 5% comes even while the other 5% experiences repeated success. How do they do it? In this post, I’ll explain five key principles required to become a power trader:
How Can a Computer Program Help Make Forex Trading Decisions
This is a guest post by Jane Sanders
Forex trading is a fast paced, complex, high risk, high reward activity. Good split second decision making can be the difference between riches or ruin on the forex markets. That’s why so many forex traders use computer programs to make forex trading decisions. Many forex traders make consistent profits using computer programs designed to help make forex trading decisions. Don’t quite understand how a forex trading computer program can make decisions for you? Read on.
What is Forex Trading?
This is a guest post by Becky Ashley
A basic definition of Forex Trading can be unraveled relatively easily however utilizing this definition to your maximum advantage requires broader foundations. The roots of Forex Trading are derived from and are an abbreviation for, the Foreign Exchange market. The foreign exchange market is a constant hubbub of activity both for the financial and domestic world.
The forex market need not involve substantial financial knowledge; in fact you have probably already taken part in the forex community as the result of a simple trip to your local bank to convert that leftover change from your trip overseas.
