There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry. At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also check out our compilation of the best Forex articles for additional information about the trading trends, emerging mobile platforms and more.
The Forex retail market is becoming more and more popular as time goes on, a phenomenon that begs the obvious question:” Why? What makes Forex so attractive to so many people?” Here are a few suggestions to answer that question:
There are so many factors that influence a currency's worth from the economic, political, and even social status of the country at hand. As opposed to other global markets, the Forex market is so big, no one person can have any serious affect on the rise or decline of any currency.
The tremendous success and proliferation of the Forex market, and specifically the retail Forex market can be attributed to many factors. However, there is really one major advantage that the Forex market offers individual traders over other markets; leverage.
The foreign exchange market is becoming a buzz word all around the world. In these troubling financial times, people are looking for a solid market that has not been affected by the crisis and the Forex market is it. However, One of the aspects of getting started in this volatile world of Forex is choosing the right kind of account to meet your trading needs.
It is good to know the topic of the news and the time the news will take place. Can you really get the complete picture of what the news is going to be? Then be able to predict the direction the market will move even if you study for hours and hours?
Forex is the world’s largest and most liquid trading market. Many consider Forex to be the number one home-based business. Even though “regular” people have had the opportunity to take part in the Forex market (similar to the way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new thing to talk about at parties, business events, and other social gatherings.
The carry trade has been one of the most popular forex trading strategies in the last few years, but with recent changes in the currency market and increased volatility, the carry trade now looks like a losing proposition.
Fibonacci Forex trading is the basis of many Forex trading systems used by a great number of professional forex brokers around the globe, and many billions of dollars are profitable traded every year based on these trading techniques. Here is how it is used.
Many principles that guide us through life can also be applied to succeeding in online Forex trading. To just give a few examples of such principles, modesty (overconfidence in trading is a very dangerous thing), objectivity (it is important to trade with no emotion involved), maturity (the ability to know when to stop), integrity (sticking to your strategy, even when it is challenging), and many others.