Day Trading

This is a fascination. This is a wide open field that just about anyone can take advantage of. It use to become only for the mega rich people, the large corporations and banks. They’re trading foreign currency’s.. Can you picture this is a 1.2 trillion dollar each day being traded. Thats 1.2 TRILLION each day. … Continue reading

Is one of the most popular strategies for the FX market. Actual meaning of day trading means all your trades should be opened and closed on the same day only. Sometimes it should be quicker as well. This is the main reason why more number of people is getting attracted towards this Forex currency business Continue reading

Below you will find the six common beliefs followed by the bulk of traders – and if you believe these myths too, then they will restrict your chances of making significant currency trading profits. Ninety percent of currency traders believe a minumum of one or more of these myths – which explains why ninety percent of traders don’t make much gain trading currencies! Continue reading

The lack of an effective trading plan including precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely impulsively because things are not going just as how they had envisioned. Repeatedly they will use unreliable methods that neglect to produce a profit. Many traders keep losing positions telling themselves Continue reading

How does a trader test his/her strategies and abilities without paying (or paying an excessive amount of) for his/her mistakes ? I’d say there are three possible answers.

One first answer, of course, is by paper trading. Paper trading means that you do not actually execute your orders, however, you only “bookkeep” them, testing on paper what their results could be. Continue reading