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:-
- Emotions
- Complexity
- 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.
- 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.
The Hidden Techniques of Forex
Posted by Joe 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.
Risk of losing your whole investment!
Posted by Joe 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.