Browsing CategoryForex

Play safe when you are afraid of something 

For any kind of profession, you have to play it safe until a good position is obtained. This is required for any kind of profession. For an official employee, it has to be with working with care and following the orders from the bosses properly. For a business, it has to be with the planning and strategies of the business. You have to be efficient in thoughts and managing the business with proper setup. Because those are the most important thing for a business to make positive returns. In the case of the trading business, it is the same as…

Traders must be accurate in choosing the methods 

When you begin trading in the Forex marketplace, it is necessary to choose a trading method. This is because it is not possible for a trader to maintain without any planning about the trading schedule or routines for the business. Without it, you regular actively in the markets is not assured. For good quality trading, it is really necessary for a trader to be regular in this business. Because that will make our heads to concentrate on the process. Then any possible mistakes in the planning of trades will be easily visible to a trader with good trading routine. That…

Some valuable advice from the senior traders

When you reach a certain age limit, your life and career come into your own hand. When you start living on your own, it might be a little hard for you. Because you are going to lead a life that you are not accustomed to. But, if you can get any help from others, it would be easier for you to start living on your own. In the case of a profession, it is also a good thing to get suggestions from elders. In this article, we are going to show you some precautions. They will help you to be…

What to Look For in a FOREX Broker

Getting started in FOREX requires a great deal of reading and learning in order to gain the best understanding of both the market and the trading techniques available. In order to help you get started in this industry the first thing which you will need is a broker, and here is what you should be looking out for. – Low Spreads The spread is the difference between the price which a currency can be bought at versus the price which it can be sold at. Brokers won’t make money from commission in FOREX trading, so the spread is how they…

Advanced Trading Techniques only the Pros Know

Follow these tips to up your trading game and close the gap between you and the pros. Use trailing stops As an experienced trader, you’ll know how annoying it is to get stopped out of a trade. Basically, you set a stop limit on the trade to prevent losses over a certain percentage or price level. If you’re holding an equity it’s probably a stop limit if the price falls below a certain point. For a spread bet, it may be a point above the price if you’ve sold the stock, or below the price if you’ve bought it. Say…