Browsing CategoryForex

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…

Day Traders and Free Chat Rooms

Day trading is an excellent way to get on the road to financial independence and boost you out of a terrible, gray-cubed soaked day job. But lots of day traders lose money on their first forays into the market. Not all of them had a free chat room to rely on as a boost to their day trading education. And while the trend in the day trading education industry is moving away from completely free chat rooms to super-discounted chat previews, the value is still there. Free chat rooms are an excellent way for day traders to get involved in…

How to Choose the Right Forex Broker for You

The forex market is active 24-hours a day, 6-days a week and is the most liquid capital market. Currency pairs are traded around the clock and provides traders with an opportunity to speculate, as well as allows corporate treasurers and portfolio managers with a marketplace to hedge their currency exposure. While there are plenty of opportunities to make money, you need to find a forex broker who will act as your partner in assisting you through the maze of daily trading activity. Choosing a Forex Broker The first step in determining the right broker for you is determining your needs…