The Costs Of Forex Trading
Posted by Kamran 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.
- Commissions
- Slippage
- Spread
- Platform Fees
- Expenses
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.
Happy Forex Trading!
The Hidden Techniques of Forex
Posted by Kamran on Jun 21, 2008
The Hidden Techniques of Forex
Forex is a big market to participate in and surprisingly only the top 5% are making money. That means the remaining 95% of traders are either breaking even or losing money. The small minority at the top in this business have their own hidden techniques and strategies that they use to profit. I hope to give you a glimpse into what they do.
The expert trader also knows when it is appropriate to drop the training wheels, which happen to be the demo platforms. I’m not saying demos are bad because they are excellent tools for people relatively new, but there is a point where they can no longer help you and can be detrimental to your success. You have to learn to recognize this point and stop using it.
Risk of losing your whole investment!
Posted by Kamran on Apr 2, 2008
There is risk of losing your whole investment!
There is always risk of losing your money in investments. Any Amount of money can let you hold a Forex position many times bigger than the value of your account. This is called “gearing”.
I would say you don’t buy too much shares all at once, in that case you can lose a lot of money, and you don’t want that. I suggest you talk around with the forex dealers and other people or those who have knowledge about this and you will surely get profit in this business.
Forex Forecast Signal Strategy Services
Posted by Kamran on Mar 13, 2008
Forex Forecast Signal Strategy Services
You can use automatic orders such as restrictions and stops which allow you to leave your computer terminal for a while. This ensures that your losses will be kept to a minimum, but you may miss out on prospective profits.
Forex forecast signals are time-tested indicators of trends in the market. Breakouts, support levels and resistance levels, envelope patterns, currency pairs near moving averages, stochastic lines, oscillators, and Fibonacci levels are few of indicators.
Signals are generated to provide a visual representation of exchange rate fluctuations. Many other variables can affect the currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of a day.
Five essential aspects of foreign currency market
Posted by Kamran on Mar 5, 2008
Five essential aspects of foreign currency market
There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:
- Forex Fundamental Analysis
- Forex Technical Analysis
- Money Management
- Forex Trading Psychology
- Forex Brokerage
Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.
Forex Trading Rules
Posted by Kamran on Feb 5, 2008
Forex Trading Rules
1. Emotional control is at the heart of good trading.
2. Cut losses with the most strict discipline
3. Make good decisions and winning will take care of itself.
4. When you lose, don’t lose the lesson!
5. When in doubt, get out.
6. Keep your risk/reward profile in check.
7. Avoid scheduled news.
8. Consider your account size for appropriate trading.
9. Get a charting program that allows you to build watch lists, sort stocks, and draw trendlines.
10. Scale out of winning positions as they work for you.
11. Don’t dig yourself into a hole early in the day or in your career.
12. Trade with a blend of anticipation and confirmation.
13. Evaluate your results at least monthly.
14. Finally (perhaps most important), always be patient.
15. Invest on the side that is winning
16. The objective of what we are after is not to buy low and to sell high, but to buy high and to sell higher, or to sell short low and to buy lower.
17. Capital is in two varieties: Mental and Real, and, of the two, the mental capital is the most important.
18. Markets can remain illogical far longer than you or I can remain solvent.
19. To trade/invest successfully, think like a fundamentalist; trade like a technician.
20. Grow Slowly But Strongly “Pip-Machine”
Enjoy Forex trading and GoodLuck
Benefits of Trading The Forex Market
Posted by Kamran on Jan 23, 2008
Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to this market for such a long time. Now with the advent of the Internet and technology, FX trading is becoming an increasingly popular investment alternative for the general public.
The benefits of trading the currency market:
It is open 24-hours and it closes only on the weekends;
It is very liquid and efficient;
It is very volatile;
It has very low transaction costs;
You can use a high level of leverage (borrowed money) with ease; and
You can profit from a bull or a bear market.
Continuous, 24-Hour Trading
The value of currencies on the other hand is affected by so many factors and so many participants that the likelihood of any one individual or group of individuals drastically affecting the value of a currency is minute. Because of its sheer size, the currency market is hard to manipulate. The ability for people to engage in ‘insider trading’ is virtually eliminated. As an average trader, you are less disadvantaged. You are likely to be playing on relatively equal ground along with all the other traders and investors whom you are competing against.
Interested in FOREX Trading?
Posted by Kamran on Jan 20, 2008
Interested in FOREX Trading?
Foreign exchange consists of a simultaneous buying of one currency and selling of another. Currency is traded in pairs, in other words, one currency is traded for another. The major currencies are:
USD - United States Dollar
EUR - Euro members Euro
JPY - Japan Yen
GBP - Great Britian pound
CAD - Canadian dollar
AUD - Australia dollar
here are many reasons investors take a great interest in FX trading Some of the major reasons are:
No fees
No middlemen
No fixed trade sizes
Low transaction cost
High liquidity
Happy Forex Trading
