If you decided to trade in Forex market, then know that you will lose. What is important is to minimize your loss, never avoid losses, it's impossible.
Let's break away a little from serious Forex discussions and laugh!
This is one of my favourites:
A Japanese guy (J) is at Los Angeles International Airport, waiting for his flight back home to Japan. While he's waiting, he goes to the currency exchange counter to change his remaining...
I started 6 months ago, first I opened a demo account and traded there together with it studying Forex market, then 6 months later I opened a real account and funded it with little money, kind of 10USD in order to get live practice. No need to say that demo greatly differs from real, your...
Forex really taught me much:
1. It made me understand what is online business in general
2. I gained a lot of knowledge about world's major currencies and how the money turnover operates
3. I learnt how to use electronic payment methods, like Liberty Reserve, Skrill, Neteller, etc.
4. I...
The most interesting part of Forex is that you never know if the position you opened will end in gaining or losing, so do not think much, lose, gain then again lose, gain, it's really cool.
If you open a demo account, sooner or later you will pass from the demo field to the real one. But what are the signs that it is high time for you to pass to real trading?
1.You have had more profitable transactions ever since than unprofitable ones
2.You are able to manage your capital properly...
When you are already thinking about going into live after trading in demo account for some time, you will be more quiet, if you start trading with very small investment. It will serve you as somehow a live practice.
I am trading with that company now. I especially like their fast deposit and withdrawal procedures. I am also interested in its trading-analytical trading platform NetTradeX. It has many innovational tools, a wide range of different orders and I especially like that you can withdraw directly...
I have taken this material from a Forex site, written by Debbie Graham - Section Editor:
The Forex online market was established in 1971, though it was only possible through a combination of technological, communicational and political advances.
1816-The Gold Standard Changes Forex...
Yes, really nice rules. However if one thinks that following them they will always be a success, they are mistaken. They will only help you to minimize your losses. I especially liked Rule 9. Many people think that there is a method to predict the market movement exactly. But they should realize...
I also greatly appreciate when a broker has Toll-Free number. Not all traders trust Live Chat and it is natural. After all you neither see the person, not hear him. All sometimes calling from another country through common number is quite expensive. So in this case Toll-Free is the best variant...
I am adjusted to trading with EURUSD. Maybe it is a habit, I don't know, but I do not even wish to change it. This is the most liquid currency pair, I think.
According to Bank of America Corp., iron ore may tumble 21 percent by the year-end as global supply increases, undermining a rally that pushed the price of the steel-making raw material to the highest level in 15 months.
I trade IFC Markets and they provide daily market overview and technical analysis. I sometimes make trading decisions based on that analysis, though I think that you better rely on yourself in any situation.
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