Efficient Forex Trading

Using Forex News for Your Trading Strategy

To really acclerate and learn forex trading, you need to read on...

Some Forex traders use charts, graphs, trend lines and channels in order to analyze the currency market. Some methods can be a bit complicated, and they may involve candlestick charts and even the Fibonacci sequence. But others use Forex news in order to trade. To do this, you need to have an economic calendar which tells you when the relevant news will be released. Types of News to Monitor Sometimes you actually have to listen to speeches made by key people. For example, you need to listen to a speech if it will be given by the Secretary of the Treasury or the Chairman of the Federal Reserve Bank. What these people say can affect the direction of a currency....
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Common Reasons Why Many Forex Newcomers Fail

To really acclerate and learn forex trading, you need to read on...

A lot of Forex websites offer opportunities to make money by trading in foreign currency online. On the face of it, the offer really is legitimate. It does offer you an easy way to make money. Analyzing currencies is much easier than analyzing the stock market. In one study, it was shown than in most instances Forex traders are right about 60% of the time in their calls. But for some reason, many Forex newcomers fail. If you are considering making the jump to Forex trading, you may want to examine the reasons why: 1. You are new. Yes, perhaps the number one reason why new traders fail is that they are new. This should be obvious, because Forex trading...
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The Rising Popularity of Forex Online

To really acclerate and learn forex trading, you need to read on...

There are now thousands upon thousands of people who have entered the currency market by trading Forex online. Forex is the largest financial market in the world, and about 4 trillion dollars are traded each day. While the majority of these trades are done by banks, mega-corporations and private investment groups, the retail segment which involves online traders are growing each day. What accounts for this popularity? There are several reasons: Fewer Complications When you compare trading Forex online to trading stocks, Forex looks a lot simpler. After all, there are only a few dozen currencies to monitor, and usually you can pick only a handful to focus on. In contrast, there are thousands of stocks to choose from, and...
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Note to Forex Traders: You Can Be Right Most of the Time and Still Lose Money

To really acclerate and learn forex trading, you need to read on...

In one recent study involving 12 million real Forex trades in 2010, it was revealed that faulty Forex money management is the number one reason why so many Forex traders are losing money. Money management is all about managing your risks and rewards. When should you take in your profits? When should you accept your losses? These are the questions you need to answer as a Forex trader, and the study showed that a lot of traders are answering them incorrectly. Proper Analysis Forex trading, to the uninitiated, is not really gambling. It’s not a toss-coin proposition at all. While there are many possible ways and methods of analyzing the currency market, the study revealed that for the most part...
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