Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
On October 5th 2010 there was an audible gasp in the French courtroom at the historic Palais de Justice when the 'rogue trader' Jérôme Kerviel was convicted of a breach of trust, computer abuse and forgery. The 33-year-old was convicted of all three charges and was sentenced to five years' imprisonment, with two years suspended. […]
Scalping is the act of removing another person's scalp or a portion of their scalp, either from a dead body or from a living person. The initial purpose of scalping was to provide a trophy of battle, or portable proof of a combatant's prowess in war. Eventually, the act became motivated primarily for financial reasons;
Disambiguation – Aka Forex Scalping Read More »
Now before you switch off having read the title thinking; " here we go, another 'happy-clappy' you can change the world type PMA trading article" that's not the intention, bear with me.. As individual traders we are (at heart) entrepreneurs, we often forget that simple fact, particularly when we get discouraged. We are running our
PMA, maintaining a Positive Mental Attitude regarding your positive expectancy Read More »
[quote]The power of compounding is the eighth wonder of the world[/quote] [quote]Insanity is doing the same thing over and over again but expecting different results[/quote] It's fascinating to consider how myths originate, for example, both of the two quotes above are attributed to Albert Einstein, however, the second quote might not be, credit could be
The best laid plans of mice and men…and the myth of compounding Read More »
The California Gold Rush of 1848–1855 began on January 24, 1848, when gold was found by James W. Marshall at Sutter’s Mill in Coloma, California. Approximately 300,000 people migrated to California from the rest of the United States and abroad to be part of the phenomena. Of that 300,000, approximately half arrived by sea and
There's snake-oil and then there's snake-oil Read More »
Most traders and speculators are prone to succumbing too and gravitating towards discussion forums. Trading gossip, news, getting advice, comparing methods and strategies, appraising services and brokers generally form the bulk of the discussion subject matter. Trading forums can provide a welcome break from trading, particularly if you are a day trader waiting for your
Playing the ball and not the man Read More »
After practicing an overlapping drill last Friday with my football youth team I reminded one of the seventeen year olds, who I’ve known and coached since the age of five, that the first time we did this drill he was seven. In fact his memory of the drill proved better than mine and he performed
The four corners of trader development Read More »
Is there a better way to trade the forex markets? Well Yes there is and it goes by the name of ECN forex. One of the biggest trends in the world of currency exchange has been toward an ECN forex environment or Electronic Communication Network. Loosely defined, an ECN forex broker is a bridge between
Use a dealing desk forex broker and at some stage you’ll probably start to notice a strange pattern emerging. Stuff that just doesn’t make any sense at all, repeated over and over again till it becomes more or less the accepted norm. This is what we mean by the weird and wonderful world of forex.
The Weird and Wonderful World of Forex Read More »
The traditional forex broker tends to be based on a dealing desk model. Dealing desk brokers take actual positions on the markets and in many cases will actually take the opposite position to a client’s position. Effectively, taking opposite positions means your profits are the brokers loss. Flip that around a bit and your losses
