Forex charts can be intimidating to beginners. However, expert traders agree that reading the charts is just like riding a bike. You need to be prepared to take a few scrapes, fall a few times, and then try again. After you get the hang of it, things just get easier. This article will discuss Forex […]
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Many forex traders are creatures of habit. If they have been used to trading currencies at 10 lots every time, they are likely to trade in much the same way in their future trades. In terms of prudent money management strategies, this is a wrong way of determining the size of every position you will
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The most experienced of forex traders would surely agree that beginners should make it a point to search for superb forex strategies. Despite eagerly looking for top-notch trading techniques however, many end up facing disappointment in their forex endeavors. Simply put, finding the perfect strategy is not as easy as looking for trading approaches that
Short-Term and Long-Term Forex Strategies: Things to Consider Read More »
Never underestimate the power of the media. Just like in any case, the news, specifically, forex news deeply affects financial markets worldwide. Any foreign exchange expert knows how interrelated these factors are and how simple news can strongly influence macro- and microeconomic statistics as well as other financial forces. Any kind of financial news, especially
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If you are just getting into trading in the currency markets, you need to know how to read a forex calendar. This calendar is one of the essential tools that every trader in the financial markets needs to use in order to make their trading decisions. Virtually every forex broker hosts one of these calendars
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There are always two sides of a coin – the same holds true for forex trading systems. In as much as there are a lot of traders waxing praises about automated trading systems, the downside of these trading systems cannot, and should not, be ignored by anyone considering to by one of these trading tools.
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Finding and reading up to date and relevant Forex charts can mean the difference between a successful trading enthusiast and a bankrupt trading enthusiast. Of course, the first step is getting proper educational courses through regular classes or online classes. This article will assume that the trader has had sufficient education, proper licensing and accreditation,
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Apart from currency converters (used mostly by international travelers) and real time pip calculators (used by all forex traders), there is another forex calculator which has proven its worth in managing risks inherent in volatile markets such as the foreign exchange market. This is the pivot point calculator. A pivot point calculator basically calculates where
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It is not unlikely at all for aspiring traders to hastily engage in forex activities without first gaining sufficient knowledge regarding various forex strategies, thinking that they do not have the time to go to training centers just to learn about the most effective means of maximizing profits and minimizing losses. Simply put, such individuals
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A forex calendar plays a vital role for forex traders using a trading strategy based on fundamental analysis. Whether the exchange rate of a particular currency appreciates or depreciates depends on the economic situation of the country. Hence, a close examination of the economic news coming from a particular country, as well as its trading
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