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.
Filling up your trader toolbox with the right tools and trading strategies is half the battle when you are a forex trader. One of those indispensable tools is the MetaTrader4 (mt4) charting software that is available free of charge on the web.
Mt4 is the latest and greatest version of this software created by MetaQuotes Software Corp, specially designed for online trading, for technical analysis, and for the development and operation of custom technical indicators and automated trading systems.
Retail forex trading is the most risky form of investing, yet every day hundreds, even thousands of people turn to forex as a way to make a quick buck. The idea of taking the time to learn the market and trade a demo account for months before risking real money can sound boring and nonproductive, so many seek out a way to start making money now, fast and easy. They seek out trading signals providers, there are hundreds out there with slick websites and claims of hundreds or thousands of pips per month, for a monthly subscription. The question is: Why do these signals providers really exist if they are truly making the amount of pips and profits they claim to be earning?
The rationale behind this post is to break down the inner workings of the foreign exchange market and perhaps provide some enlightenment on the current situation, the forex market in general, the reason why we have and need forex brokers, and how forex brokers make their profit. More importantly, it aims to provide some understanding as to why we, as forex speculators, can and should, despite a very volatile market, continue to trade.
In afternoon trading on Wednesday in Asia, the U.S. Dollar traded steady against the Yen and the Euro as investors are sitting on the side lines, pending the outcome of the Federal Reserve’s Open Market Committee meeting which ends today. Investors are speculating that the Federal Reserve will cut interest rates 25 basis points, to 2%.
Following comments by the Chairman of the Eurogroup regarding the rise of the Euro traders speculated that some action may be taken to curb the rise and as a result, the Euro gained against the U.S. Dollar in overnight trading. However, in early morning trading in Sydney, the U.S. Dollar was mixed.
With so many countries involved in the money market, it is obvious that you are going to be dealing with a lot of currencies. But with foreign exchange, the art comes in knowing which currencies are more active and which are not...
There has been a state of unrest amongst new Forex brokers owing to the fact that the NFA has pushed through an increased entrance barrier. This requires a higher capital for new Forex brokers which can be a problem for most, if not all...
Forex trading started during the time of the Babylonians. This system was designed for the currencies and exchange. In the early times, the goods are being traded for another tangible item. When the metal age began, gold and silver became the tool of transaction. This idea became popular during that age.
The price of gasoline and distillates, which include heating oil, has roughly increased last week; but the demand for such products is still unreachable. As we all know, the basis for the price of oil is the US dollar itself. In this case, when the demand for oil is high but the supply is low, a price increase is likely to occur.
In the 1980’s when the Forex Industry has just started, people enjoyed and benefited from it. As time goes by and technologies were being updated, the industry levels up as well. Now, almost everything was made available online. Online trading, online deposits of money, and many more online Forex transactions are being done on the net.
Setting a Forex trading business should come with a wise and strategic planning. It is important that you know what kind of business you are going into. Studying the business thoroughly is a very important strategy in order to gain success in his field. It needs good management because there are risks involved in this type of business.
Anti-gambling laws have been affecting gambling venues for so long. This is attributed mainly to the fact that anti-gambling laws have been in existence for quite some time. However, new anti-gambling laws have been enforced and many are alarmed as to its effect on Forex trading.
As we all know, China is a communist country and has a huge population that could affect the US dollar. With the Forex Reserve Diversification, China will gradually discard some of its stocks in the US Treasury Securities, through this; the value of the Dollar will be minimal as China suffers the US businesses and consumers by unloading US Treasuries from the market. This is also true with Currency Manipulation. China will manipulate the currency with the US-China trade because it will produce more products for other countries rather than the US.
The industry of foreign exchange has been up and running for a long time and has been made possible by talented Forex brokers. These Forex brokers are the ones who help you with your investments and together can help you generate profits and avoid losses.