Five Personality Traits You Need To Succeed in Forex Trading
Monday, August 31, 2009 GMT
The Forex market is becoming increasingly popular as more people hear about it during these troubling financial times. However, with its rising numbers, the statistics of the amount of losing trades has not changed. A vast majority of trades still lead to losses. With all the available resources on and offline, one would think those number would be changing. So what is the recurring mistake leading to Forex losses?
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The Scope and Advantages of Forex Technical Analysis
Wednesday, August 26, 2009 GMT
Some of the crucial questions being asked by Forex traders include "Is the market over priced?" "Which levels are the good entry points?"
Trading would become much easier, if one would know the answers to such questions. Though an accurate forecast of future prices is a difficult task, technical analysis makes it simpler to handle.
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Money Management: The Secret to Success in Forex Trading
Monday, August 24, 2009 GMT
The foreign exchange market is unique in many ways. It is the largest market in the world with close to 3 trillion dollars daily. It is quite possibly the least regulated market as well, with anybody able to open a Forex position from the comfort of their own home or even on their mobile phone. It also enables individuals with very little capital to trade tremendous sums of money with the high leverage offered in the Forex market.
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Forex Trading and How To Apply Bollinger Bands
Sunday, August 16, 2009 GMT
One of the most popular technical indicators that forex traders use in the FX market is Bollinger Bands. These bands are used to predict overbought as well as oversold levels. Bollinger Bands are effective tools to determine the volatility in the markets. The Bands were developed by John Bollinger during the 1980s.
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Forex Trading and its Most Common Mistakes
Thursday, August 13, 2009 GMT
As with all kinds of trading, there is a lot to be learned in the forex market. In order to improve ones trading, it is helpful to be aware of a few of the frequent mistakes traders often make when trading in the forex market.
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Forex Trading Analysis: How To Use Trend Lines
Wednesday, August 12, 2009 GMT
Trend lines are fairly graphical representations of Forex price behavior that guide Forex traders’ decisions to buy, sell or even issue a stop order in trading. Rooted in the Dow Theory, market prices always indicate a ‘trend’ after discounting several factors such as the political environment that affect it.
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Forex Technical Studies: The Staple of the Analyst
Monday, August 10, 2009 GMT
We have charts, prices, bids and asks, but we also have a lot of confusion and chaos in the markets. It is difficult to create a meaningful forex strategy from the raw data; in fact, it’s difficult to do anything with the raw data since it is just a huge list of time periods and prices.
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