Currency Trading Information

The Seven Most Traded Currencies in FOREX.


Currencies are traded in dollar amounts called "lots". Onelot is equal to $1,000, which controls $100,000 in currency.

The Miracle of Forex


My father, who owns a small parts store and garage for vintage British sports cars, called me up recently and droned on and on about how he is getting killed by the Euro. Confused as to how the Euro could possibly be affecting his small and seemingly insignificant business, I asked him how.

Forex Trading


Foreign exchange market, or better known as FOREX, is the world's largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast majority of the currency trading or FOREX trading takes place, with a total daily turnover of currency worth more than $1.

Adaptation to the Realities of the Market


Do you think adaptation to the realities of the market is the most important thing?Many times in the past I've written about the need to adapt, the need to be able to change your behavior relative to the market because the markets are ever changing. I've stated that mechanical systems may be workable, but for only a short time relative to the life of markets.

Money Management, Part 1


There are some common mistakes I've seen traders make in the area of money management. First, let's understand what money management is all about.

Money Management, Part 2


FEARING LOSSESThere is a huge difference between being risk averse and fearing losses. You must hate to lose.

The Secret of Reduced Margin Spreads


One of the best kept secrets in trading is that of reduced margin spreads. You cannot name a trading method that provides more safety or a greater return on margin than does a reduced margin spread, while also being one of the least time- consuming ways to trade.

The Nature of the Trading Business


Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital.

Experience


Throughout our course on futures trading, we have tried to point out to you that there is a great difference between having an investor attitude and being a trader. There are also many similarities.

Disgruntled


The following situation happens quite often to many traders. Look it over and see if it has been happening to you:You have been faithfully following your trading plan and the rules you've set for trading.

Two Timeless Rules in FOREX Investing


RULE #1) ~ Cut your losers; let your winners ride.One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in FOREX land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.

Example of a Profitable Transaction in FOREX


To make a profit, in the FOREX, a trader can enter the market as a *buy position* (known as going "long") or a *sell position*(known as going "short").For discussion, let's assume you've been studying the EURO.

Dont Deny Reality


If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about.

Creativity in Trading


"Is it important to be creative in your trading?"I'm not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it.

Ways to Acquire Discipline in Trading


One way to acquire discipline in trading..

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