I have been getting asked a few questions I’ve already answered before but It seem’s like nobody goes back and check my old Forex posts. I will be listing all my Forex posts below. They are very useful information to help you understand a bit about Forex.
Leverage
To get started with Forex you really need to [...]
Is Forex Trading a Gamble? That’s what everyone thinks at first but it really isn’t. Forex Trading will become gambling when there is no fundamental or technical reason supporting a trading decision. Let me explain…
Gambling
- To bet on an uncertain outcome, as of a contest.
- To play a game of chance for stakes.
- [...]
What’s up Guys,
Let me start off by saying that any opinion here is welcome and this post probably goes to those who are looking for a WAY to start making money online or those who don’t want to learn affiliate marketing because your too lazy to start testing offers and losing 1k a day with [...]
Everybody needs some knowledge and gain some new information that is related to the currency trading. I will be listing useful Forex resources that are worth to be visited daily.
Baby Pips – King of Free Forex Education
Very useful site that offers free forex education. These guys really put all there effort to help you make [...]
Forex spreads is how the brokers make there money. Every market has a spread and the size of the spread is due to the liquidity and transparency in the market. When all traders have access to the same price information at the same time, few are able to get away with wider spreads. Wider spreads [...]
1. Not Being Prepared
Having a trading plan is a big part of trading. You should always have a written plan of what you want to buy and WHY. It’s also good to know when to cut your losses. Beginners tend to just make it up as they go along and lose all there money because [...]
You guys are probably getting sick of me always talking about leverage but the reason why I keep going over this is because it’s very important! I see alot of new traders putting in a very low minimum deposit to start quickly and next thing you know they lose all of it. Traders often find [...]
So I went over on how to choose your trading accounts wisely. Basically what leverage means is borrowing money to control a very large amount of money you don’t owe. You can control $200,000 with a $1,000 deposit, also known as 200:1 ratio. Leverage is about risk. Increasing your leverage increases both your opportunity to [...]
Leveraging your money can be a great thing, but it can also lead to excessively risky trading. Certainly using leverage in any business context is the key to large profits, but at what cost are you willing to achieve this? Are you willing to risk over 20% of your forex account balance on a single [...]
Here is a very honest list that can better you as a Forex Trader.
1. Don’t Follow, Analyze your Own Information
Just like “most” professional traders you got to learn how to analyze your own information. A true trader does all of his own analysis and learn from his own mistakes. If you choose to follow someone [...]
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