Currency Trading
Published: 25/04/2008
Backtesting technical indicators and viewing historical charts of currencies or stocks, for example, can provide useful information about whether a technical indicator or combination of indicators can be relied upon to help make profitable trading decisions.
However in my years of experience...
Published: 25/04/2008
When you start trading in foreign exchange or Forex, you need to choose a broker or brokerage firm that is registered with the proper regulatory bodies. If you don't, you could find yourself in dire straits.
If you are in the United Kingdom, look for Forex brokers who have registered with the...
Published: 24/04/2008
You're smart, you've conquered every market so far, and just because most casual traders lose money, doesn't mean you will, right? You can just fly by the seat of your pants and win along the way - wrong!
Forex market doesn't beat so many traders because they're not intelligent people, but...
Published: 24/04/2008
Not many people would think that a theory developed for roulette and other similar gambling games could lead to a strategy for managing money in the markets - but the "Theory of Runs" does just that. The theory of runs is the theory that can link gambling and money management together.
The...
Published: 24/04/2008
It's hard to believe that a 400 year old way of tracking a commodities market is still one of the most popular and efficient ways of graphing the Forex market today, but that's exactly the case with candlestick charts. The Japanese were the first to use technical analysis, and the story goes that...
Published: 21/04/2008
Forex trading can be fun and lucrative, but if not done properly, it can also take more time than you have to manage it. In order to have your Forex trades managed the way you want them to be, you can set up Forex orders. These orders will request that your broker buy, sell or close out your...
Published: 19/04/2008
Over the past six months it seems like almost every major finance magazine has published an article related to the weakness of the dollar. If you are a currency trader like I am then this topic is particularly relevant to you because you need to know what the long-term trends of each currency are...
Published: 18/04/2008
Some traders are content with a trading method that only takes one type of strategy, but this doesn't make sense if you want to make the most of the Forex market - or any market, for that matter. If the market isn't always going in one direction, why have a system that only trades one direction?...
Published: 18/04/2008
How is it possible to make real money by trading in the Forex market? Two words: Margin Trading. Margin trading is trading using borrowed money.
As you recall from part one, Forex is traded in lots, usually of $100,000. So you cannot for instance, purchase a hundred, or even five hundred units...
Published: 16/04/2008
Forex quotes are always listed in pairs, these quotes reflect the exchange rates of the currencies. These pairs look like this: GBP/USD = 1.9714. The currency listed first is known as the base currency (being the base of the trade), the second is called the counter, or quote currency.
All...
