What is Online Currency Trading?
Online currency trading or forex trading can be a lucrative source of income for those who can do it successfully. It is a speculative form of investment a little like stock trading. As with most speculative investment, it is risky and you can lose money, but there is the potential to make a lot of money if things go your way. The skill, of course, is in knowing how to trade so that things go your way more often than not. The word Forex is simply made up of the first letters from the words Foreign Exchange so it is ...
Forex Trading Hours: When are the Best Times to Trade?
Forex is a 24 hour market as you probably know, and forex trading hours are pretty much constant from Monday morning (Sunday evening in many time zones) through Friday afternoon. But if you are trading regularly, you need to know a little more than this. What times exactly does the market open at the beginning of the week and close for the weekend? And what are the times of the different sessions in the major financial centers of the world? In this article we will explain exactly how this works. The first thing to understand is that there is a ...
Forex Pips Defined
If you are interested in the great money making opportunity that is forex trading, you need to understand forex pips. The word pip stands for percentage in point and so pips are also sometimes called points. A pip is the measure of rise or fall of a currency pair. You may wonder why this is not measured in dollars and cents. The answer is that the dollar is not always the quote currency and sometimes is not involved in a trade at all. If you were trading the British pound against the Euro for example, it would make no sense to ...
Efficient Market Hypothesis: True “Villain” of the Financial Crisis?
Editor's Note: The following article discusses Robert Prechter's view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter's Elliott Wave Theorist. When a maverick idea becomes vindicated, there's a good story to tell. It usually involves a person (or small group of people) who courageously challenge the orthodoxy of the day -- and, over time, the unorthodox yet better idea prevails. A "good story" of this sort has surfaced during the current financial crisis. A chapter of the story appeared in a recent New York Times article, "Poking Holes in a Theory on Markets." The ...
How to be a Professional Currency Trader
So what is a professional currency trader and how do you get to be one if you are just trading currency part time right now? This is the big question for most forex traders because just about everyone who is involved in the forex market has the dream of being able to support themselves and their families from their trading some day. A professional currency trader could also be described as a full time forex trader but the words 'full time' give the impression of working 9 to 5 which is not really what it is all about. The point is ...
Federal Deficit Projected Higher by $2 Trillion
AP sources: $2 trillion higher deficit projected WASHINGTON (AP) The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending. The new projection, to be announced on Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the condition of anonymity ahead of next week's ...
Make Money With International Currency Exchange
International currency exchange or forex (foreign exchange) trading has become one of the most popular ways for investors to get involved in speculative trading from home. Instead of trading stocks, you simply trade the different currencies of the world. When a currency that you bought increases in value, you make money. However, unlike stocks, you can also make money when a currency that you sold goes down in price. So you could say that you have twice the opportunities for a trade. The forex market is huge and because of its global nature, you can trade at any time ...
Forex Predictions: Determining Currency Price Movements Means More Profit from Forex Trading
Can anyone make accurate forex predictions? Also called reading forex signals or forecasting, it is possible and it is done on a daily basis. To trade forex successfully, you need to learn how it is done. By predictions we mean price movement, or the direction in which the currencies you are trading are likely to move. Successful currency trading requires some way to make forex predictions. This means you need to have an understanding idea of which direction the prices are likely to move. To be certain, currency trading seems very complicated when you first start out. The beginning trader ...
Online Foreign Exchange Trading: Avoid These 3 Big Mistakes
Just about everybody who starts online foreign exchange trading is hoping to make big money. There are perhaps a few people who do it just for fun, but if they are at all successful they will soon start to think about turning that success into a money maker that could eventually change their lives. However, a lot of forex traders see their big dreams come to nothing. Mistake #1: Increasing The Risk When you start out you will receive a lot of good advice about keeping your risk down around 2% to 5% depending on the size of your funds. Most people ...
Are These 4 Emotional Pitfalls Sabotaging Your Trading? eBook Free Until Aug 17th
To be a consistently successful trader, the most important trait to learn is emotional discipline. I discovered this the hard way trading full-time a few years ago. I remember one day in particular. My analysis told me the NASDAQ was going to start a sizable third wave rally between 10:00-10:30 the next day... and it did. When I reviewed my trade log later, I saw that several of my positions were profitable, yet I exited each of them at a loss. My analysis was perfect. It was like having tomorrow’s newspaper today. ...
Forex for Beginners
Forex Analysis: When to Trade
In any discussion of forex trading you will see discussion of the two main types...
How Online FX Trading Works
Online FX trading, trading also known as forex, currency trading, or foreign exchange,...
10 Things Every FX Trader Must Know to be Successful
A successful FX trader knows these 10 rules of foreign exchange trading. Print out...
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Currency Trading Australia
If you are interested in currency trading Australia keep in mind that there are some...
Weaker Oil, Stronger Dollar
Metals are beginning the new trading week on a lower note reflecting weaker Oil,...
Dollar Continues to Weaken on Inflationary Worries
Markets continued to strengthen in overnight activity in the wake of Ben Bernanke’s...
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Q&A With Elliot Wave Expert, Robert Prechter
By Elliott Wave International As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity. Famed technical analyst and Elliott wave expert Robert Prechter has long called for the bear market we are now in the midst of. (He views... [Read more of this article]
Find The Right Forex Trading Course for You
Finding a top rated forex trading course is wise when you decide to get involved in currency trading. You’ll want to start making money as soon as possible but because forex trading is risky, it’s important to know what you’re doing or you could easily be losing money instead. Forex trading involves being able to predict which way... [Read more of this article]
Learn Currency Trading – Overview
Is it possible to learn currency trading the easy way or must you struggle? Currency exchange trading does not have to be complicated. Of course there are many different systems and methods, but you only need one that works in order to make money. If you have ever exchanged money for a vacation or business trip to another country, you will know that... [Read more of this article]
Strange Forex Secret (private training video)
If you’re still losing money trading Forex, then you need to see this brand new, complimentary training video fresh from the recording studio of one of the most respected Forex trainers around. In it, he reveals the REAL REASON most traders just like you keep on losing… and then shows you, step-by-step, how you can FIX any trading method... [Read more of this article]
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