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Free Forex Tips | Trading Currency Online

Welcome, we hope you enjoy reading our Free Forex Tips, and hope that you will learn and interact with our blog here. Our goal is to educate you in the highly volatile foreign currency exchange market, where every day there are big winners and even bigger losers.

Did you know that 90% of first time Forex traders lose money? Don't let that happen. You must be sharp, and smart with your investments. We'll show you how.

Five Tricks To Acquire Wealth In Forex Trading

Posted by Joe on Oct 1, 2009

One of the interesting paradoxes of trading is that while there are not that many millionaires or billionaires among retail traders, there are no real secrets about how you can be successful or profitable in forex trading. The main principles of trading have been expounded by successful teachers of this art over the decades. Even in the relatively young field of technical analysis, most facts are well-established and the way to success is generally well-understood and publicized in many online and offline publications and discussions. The main obstacle against a successful career does no lie in some theoretical curiosity, but rather in the difficulty encountered by the trader as he tries to apply the lessons learned into practice. Here we’ll offer you some guidelines which can make this an easier task, as you mature your emotional attitude and weld a disciplined, cautious, approach to trading.


Fundamental or Technical: Which path to follow?

Posted by Joe on Jun 12, 2009

Whether it is fundamental or technical, forex market analysis depends on two key principles. There are tools that can allow us to predict the future price action, and market movements are not completely random. That the first principle must be valid is obvious. If there were no tools with predictive capability, there would be no possibility of profiting from the price action. And if market movements were completely random, there would be no possibility of making predictions in any case.


Forex Trading Strategy – Three Steps of Development

Posted by Joe on Oct 4, 2008

Forex Trading Strategy – Three Steps of Development

The three steps of development are:-

  1. Emotions
  2. Complexity
  3. Testing

Emotions and intuition cannot be calculated mathematically. Mathematics is the only thing a trading system has to work with. So the first and most fundamental principal of trading system development is that every rule to enter or exit the market must be mathematically justified.


Choosing the Right Day for Forex Trading

Posted by Joe on Aug 25, 2008

Choosing the Right Day for Forex Trading

Choosing the right time to trade can make a differences between successful and hopeless forex trading.

It’s proved and highly recommended not to trade on Weekday, Mondays, when the Forex market has recently opened and is making first steps to form a new trend and on Friday’s afternoon, during the big volume of closing trades. The best days to trade are Tuesday’s, Wednesday’s and Thursday’s, So Basically trade between Weekdays.


The Costs Of Forex Trading

Posted by Joe on Jul 24, 2008

The Costs Of Forex Trading

The costs of trading depend on several factors, including the instrument and market you are trading. Most of the costs you pay are to your brokerage firm. They need to make a living in exchange for the services they provide.

However, if you want to look at trading as a business, you may have to minimize them and make sure you are getting the most for every dollar you spend to ensure your long-term survival.