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Sources of Forex Education

  Sources of Forex Education As with any endeavor, education is of paramount importance for the trader who hopes to make it in FX trading. This is particularly true for new traders but is just as important for veteran traders. In FX trading, there is never an end to learning and the traders who succeed are the ones who pursue education for a lifetime. While the necessity of good education...

HOW DO YOU CHOOSE THE FOREX CURRENCY PAIRS TO TRADE IN?

HOW DO YOU CHOOSE THE FOREX CURRENCYPAIRS TO TRADE IN? While only a handful of currency pairs are available for people to trade in, choice of the pair to trade in has to be given careful thought as it has a direct influence on the success or failure that you expect. Perhaps one of the factors that could influence a new trader’s choice is...

Why Some Traders Fail In the Forex Market

Why Some Traders Fail In the Forex Market The great majority of entrants into the FX market end up a miserable lot. This should be a good enough reason to make new traders careful but the many success stories are enough vindication of the power of the FX market to make great incomes and create millionaires. What then do the failing traders get wrong and how could a new...

The Use of Demo Accounts in Forex Trading

  The Use of Demo Accounts in Forex Trading In appreciation of the uncertainties that face new traders in forex trading, most FX companies offer new traders demo or virtual accounts. A demo account is meant to prepare the uninitiated trader for the world of FX trading and to give him a measure of confidence so that he can pursue trading with a degree of confidence. Where a virtual trading account is not...

Robots in Forex Trading

  Robots in Forex Trading Recent developments have seen the introduction of robots (also known as expert advisers) into the forex market. The need for expert advisers is easy to discern. Since FX trading goes on for 24 hours, it is practically impossible for a trader to take part in all the trades he desires. Moreover, a good number of FX traders only pursue it part-time and are tied to day jobs that will not...

Factors to Consider In the Choice of Forex Software

  A forex trader will only be able to trade effectively when armed with the correct FX software and for this reason it is important to go about software choice carefully. One of the most important considerations to take into account in the choice of software is how frequently you intend to trade. Some traders are content to carry out trades at home while others need to trade more frequently and at random...

Tips on choosing a forex platform

  Tips on Choosing a Forex Platform When you finally make the decision to participate in FX trading, one of the most important decisions you will need to make is the FX platform you will use. This decision is never easy to make given the countless number of platforms out there each of which claims to be the best. While help from a seasoned trader could help, there are a number of factors you need...

Benefits of FX Trading

  Benefits of FX Trading The appeal of the FX market when compared to conventional forms of trading is based on a number of distinct advantages that the former has over the latter. Around the world, there has been an influx into the FX market and today it is the largest trading platform globally. Low capital investment Perhaps the biggest appeal of the FX market is the way it is...

Psychology and Forex trading

  Psychology and Forex Trading Have you ever wondered why FX trading is so profitable for some people and an unmitigated loss for others? How could people trading in the same market conditions end up in such extreme disparities? The answer is simple – discipline! The FX trader who is not in charge of his emotions will almost certainly be quitting after a short period of great regrets while the person who is in charge...

How to identify FX Trading scams

How to Identify FX Trading Scams   The global growth of the internet has brought many new advances but, regrettably, created a universal playground for fraudsters and con artists. This is especially true with FX trading where many fly by night operators promise the easy buck and incredible riches. While the seasoned trader will tell you that FX trading generally presents a steep learning curve, you should be on the look out for fraudsters...