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Forex Demo Account – A Must for Every Broker

Forex Demo Account – A Must for Every Broker Not every forex broker out there offers a forex demo account. A demo account is a must for every broker. Checking out a broker via a forex demo account is a must for every trader. The forex market is growing rapidly in the last few years. More people are trading currencies. This is especially felt in the current global crisis, when many people were disappointed and disillusioned from the stock market. Together with the popularity of forex trading, there is growing number of forex brokers. Some have commissions, and some don’t. Some have tighter spreads and some have larger spreads. Some have a better platform and some don’t. Some have a high entry rate and some don’t. All are acceptable. But no demo account? That’s too much. For people that are new to forex trading, this is of course useful for learning about the entire market. It takes time and practice to get technical analysis, money management and even the in-trade psychology. But a demo account isn’t only for newbies. Any trader needs to test and to feel a forex software system, understand how it works and get familiar with its […]

Trading In The Dark!

Trading In The Dark! Too many new traders rush into trading after a string of luck and confuse luck with skill. Or they study a bunch of information and confuse knowledge with experience, actionable skills, and the right process. One of the most dangerous things for new traders and investors is to be ignorant of their own ignorance. The first steps in education in the finance world is learning what the right questions are to ask. Then understanding that so much of trading and investing is a psychological game more than a game of math. Here are some warning signs of new traders that are blind to important market dynamics: (a) They think big returns can be consistent and easy. (b) They do not understand that bull market and bear market price action is very different. (c) They do not see the importance of position sizing and risk management because they are over confident in their trading. (d) They see no need for talking about trading psychology. (e) They think trading is all about making a prediction and betting big on it and letting it play out with conviction. (f) They have never heard of the term risk of ruin. […]

The History of Forex Trading

Forex-Training-In-Abu-Dhabi, Forex-Training-In-Ajman, Forex-Training-In-Sharjah, Forex-Training-In-Dubai, Forex-Training-In-Fujairah The History of Forex Trading The origin of Forex trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon. In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system. Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force […]

Top 10 Myths About Forex

Forex-Currency-Trading-In-Abu-Dhabi, Forex-Currency-Trading-In-Ajman, Forex-Currency-Trading-In-Sharjah, Forex-Currency-Trading-In-Dubai, Forex-Currency-Trading-In-Fujairah Top 10  Myths About Forex Forex is a market where exchange of one currency with another currency takes place. It’s the market which provides accessibility and liquidity to the traders to buy and sell one foreign currency in exchange of another. Forex traders seek profit in buying currencies low and selling them high. This kind of trading became more popular with the widespread of the on-line Forex brokers. There is a lot of information available about Forex on the web. However there also many myths surrounding the foreign exchange market: Forex trading is easy. Many people that want to dive into the world of the foreign exchange market believe that the Forex trading is easy — you just read a book or two and then you will be able to earn daily profits with just 2-3 hours trading daily. Others think that they can buy a profitable strategy and it will make them rich in Forex. In reality that’s just a myth. Succeeding in Forex isn’t easier than mastering any other profession — it takes time, money and a lot of practice. “I will make money in Forex, if I can trade stocks successfully.” Success in stock market doesn’t imply that you will get success in Forex market — there are many differences between trading stocks and the spot currencies. First of all, Forex market requires a lot of hard work and dedication as this market is open for 24 hours a day. You cannot just sit in front […]

The 6 Advantages Forex Trading Has over Other Investments

Forex Trading In Fujairah, Forex Trading In Ras Al Khaimah1, Forex Trading In Umm Al Quwain, Forex Trading In UAE,Forex-Training-In-Abu-Dhabi The 6 Advantages Forex Trading Has over Other Investments   1. Lower Margin Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the stocks, the margin requirements for forex is about 1%. For example, margin required to trade foreign exchange is $1000 for every $100,000. What this means is that trading forex, a currency trader’s money can play with 5-times as much value of product as a futures trader’s, or 50 times more than a stock trader’s. When you are trading on margin, this can be a very profitable way to create an investment strategy, but it’s important that you take the time to understand the risks that are involved as well. You should make sure that you fully understand how your margin account is going to work. You will want to […]

12 Smart Ways to Succeed in Forex Trading

Forex Trading In Abu Dhabi, Forex Trading In Ajman, Forex Trading In Sharjah, Forex Trading In Dubai, Forex Trading In Fujairah 12 Smart  Ways to Succeed in Forex Trading You can generate enormous profits in Forex trading. 12 helpful recommendations will make you closer to this goal. A solid trading plan and awareness about typical errors will contribute to your success. The below list provides you with basic recommendations in this task. 1. Develop your trading plan When a trader expects upraise of market, he usually says something like: “I think than EUR/USD will reach $1.3000. On which level shall I buy?” My reply is – “What is your risk in a trade?” In other words, “Where will you leave if you are not right?” Often a trader is taken aback with the reply. It never occurred him that he could be wrong or at which level he must place Stop. Most part of traders never have a plan. It means they do not know what to do if they are found to be wrong or right. Big profit on paper turns into big loss in real life because they do not know when to leave. Crucial point is to […]

Forex Made Easy for Everyone

FOREX FUND MANAGEMENT GOPALAPURAM CHENNAI, ONLINE CURRENCY TRADING IN GOPALAPURAM CHENNAI, ONLINE FOREX TRADING GOPALAPURAM CHENNAI, FOREX SCAMS GOPALAPURAM CHENNAI, FOREX EVENT IN GOPALAPURAM CHENNAI Forex Made Easy for Everyone Forex made easy is as simple as you would want it to be. The foreign exchange market is a worldwide market and according to some estimates is almost as big as thirty times the turnover of the US Equity markets. That is some figure to chew on. Forex is the commonly used term for foreign exchange. As a person who wants to invest in the forex market, one should understand the basics of how this currency market operates. Forex can be made easier for beginners to understand it and here’s how. Foreign exchange is the buying and the selling of foreign exchange in pairs of currencies. For example you buy US dollars and sell UK Sterling pounds or you sell German Marks and buy Japanese Yen. Why are currencies bought or sold? The answer is simple; Governments and Companies need foreign exchange for their purchase and payments for various commodities and services. This trade constitutes about 5% of all currency transactions, however the other 95% currency transactions are done for […]

How Much Capital to Start Trading Forex?

Currency trading training Chennai, forex reviews Chennai, best forex broker chennai How Much Capital to Start Trading Forex? Because we are not all equal at this point. It is clear that having a large portfolio is significant support for a trader: increased confidence and greater security. Some have much, others have little. Here are the possible strategies according to the size of your trading account: €0 In other words: NOTHING! You do not have a budget trading, you’re not alone… Free forex contests can be a solution to build up a nest egg to start. Some brokers offer unlimited demo accounts. You can refine it at their leisure while waiting to acquire a bankroll. €100–€250 It is usually the minimum amount of deposits. The size of the order authorized the smallest lot being 0.1, you must take risks consequent forced to place orders. If you are a winning trader, your account will grow rapidly. Scalping, very risky but very profitable, is perfectly suited to these small accounts. A conservative swing trading is a good start for patient traders. €1,000–€5,000 Much of the speculators have such a sum in their trading account. It is possible to make good profits without taking […]

Why Is Swing Trading in Forex Popular?

FOREX GUINDY CHENNAI, FOREX TRADING GUINDY CHENNAI, FOREX BROKERS GUINDY CHENNAI, FOREX TRAINING GUINDY CHENNAI, FOREX CLASS GUINDY CHENNAI Why Is Swing Trading in Forex Popular? Swing trading in Forex is a form of quick trading performed by investors aiming to maximize profits and minimize risks by making strategic trades that last from 3 to 30 days. This is a very popular style of trading among investors and day traders across the globe. Swing trading depends on short-term variations in the market, forcing traders to react to the changes in a rapid manner. This form of trading depends more on stress price patterns than actual value. As a trader, you do not wait for currency prices to hit either high or bottom, but wait for short term fluctuations in the market. Swing trading is highly favored by day traders, rather than by large financial establishments or brokerage houses. Swing trading is most profitable when markets are stable. Advantages of Swing Trading in Forex The reason for swing trading in Forex being popular is the many advantages it offers over other conventional forms of trading, like buy-and-hold investing and position trading. The returns tend to be higher for an average trader. […]

Discretionary Trading vs. Robots

FOREX THURAIPAKKAM, FOREX TRADING THURAIPAKKAM, FOREX BROKERS THURAIPAKKAM, FOREX TRAINING THURAIPAKKAM, FOREX CLASS THURAIPAKKAM Discretionary Trading vs. Robots FOREX THURAIPAKKAM, FOREX TRADING THURAIPAKKAM, FOREX BROKERS THURAIPAKKAM, FOREX TRAINING THURAIPAKKAM, FOREX CLASS THURAIPAKKAM I remember, there wasn’t a lot of software on the market and of course we didn’t talk about Forex yet. But, “magic systems” were already spreading over the web. You were finding different kind of gurus selling their black box that only professionals use, of course, promising you a fortune in a matter of days or even hours… One after the other, the gurus disappear leaving place to others. Today, you can find thousand of “wonderful” systems if you type “trading system” on any search engine. You may read numerous articles promoting the success of such expert advisor or trading robot. Speaking of robots, it’s amazing how people believe in automatic trading. They think they can go to work in the morning, leaving behind them this wonderful robot catching pips on the Forex market all alone. Have you been given the chance to get this ultimate trading system only used by banks or institutionals? Just be patient, a smart guy will soon propose a good one, maybe the […]

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