Forex Archives - Page 2 of 4

What to Look For in a FOREX Broker

Getting started in FOREX requires a great deal of reading and learning in order to gain the best understanding of both the market and the trading techniques available. In order to help you get started in this industry the first thing which you will need is a broker, and here is what you should be looking out for. – Low Spreads The spread is the difference between the price which a currency can be bought at versus the price which it can be sold at. Brokers won’t make money from commission in FOREX trading, so the spread is how they…

Advanced Trading Techniques only the Pros Know

Follow these tips to up your trading game and close the gap between you and the pros. Use trailing stops As an experienced trader, you’ll know how annoying it is to get stopped out of a trade. Basically, you set a stop limit on the trade to prevent losses over a certain percentage or price level. If you’re holding an equity it’s probably a stop limit if the price falls below a certain point. For a spread bet, it may be a point above the price if you’ve sold the stock, or below the price if you’ve bought it. Say…

Day Traders and Free Chat Rooms

Day trading is an excellent way to get on the road to financial independence and boost you out of a terrible, gray-cubed soaked day job. But lots of day traders lose money on their first forays into the market. Not all of them had a free chat room to rely on as a boost to their day trading education. And while the trend in the day trading education industry is moving away from completely free chat rooms to super-discounted chat previews, the value is still there. Free chat rooms are an excellent way for day traders to get involved in…

How to Choose the Right Forex Broker for You

The forex market is active 24-hours a day, 6-days a week and is the most liquid capital market. Currency pairs are traded around the clock and provides traders with an opportunity to speculate, as well as allows corporate treasurers and portfolio managers with a marketplace to hedge their currency exposure. While there are plenty of opportunities to make money, you need to find a forex broker who will act as your partner in assisting you through the maze of daily trading activity. Choosing a Forex Broker The first step in determining the right broker for you is determining your needs…

5 lesser-known, fail-safe trading strategies

Similar to trading stocks, currencies and commodities, binary options traders must learn the use of certain trading strategies to turn the odds on their favour and gain profits in the long term. There are different trading strategies available based on the use of technical analysis as well as fundamental analysis of the underlying assets. While every investor follows his individualstyle of trading, it’s important to choose a strategy which suits his style and trading skills. While some strategies are based on the market news and investor sentiment, some apply the use of statistical market data and technical analysis tools. Breakout…

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