Category Archives: Forex Basics

Finding a Broker

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Finding a Broker “Hey Joe!
I need help finding a broker. I notice that discount commission rates are pretty much the same.
So how do I choose?” Commission is definitely not the most important factor in choosing
a broker. Most important in choosing a brokerage firm is the per trade
slippage, the difference between the stop order price and execution
price. Based o a study I saw some years back, ten orders were placed with
five commission houses. All orders were priced in the same market at
the

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Trading Mistakes 101

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This article is taken from the Forex Journal (November 2008 issue). The author, Steve DeWitt , has been involved with Forex trading for over 8 years. During his years of experience, he has won many international Forex trading contest including “The Biggest Forex Contest” ever. He has also trained over 10,000 people how to become successful at trading the Foreign Exchange markets Steve DeWitt takes a look at common mistakes made in Forex trading that cause traders to lose money. He also shares

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The Global Forex Market

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This article is taken from the Forex Journal (November 2008 issue). The author, Sam Seiden , brings over 15 years experience of equities, Forex, options, and futures trading that began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, Forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and

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4. Choosing a Dealer

This is a topic most traders are passionate about. Because the retail forex market is dominated by short- and medium-term traders, most forex dealers have a focus on quality and ease of execution to cater to that trading style. But there are still significant differences between dealers and you need to understand these in order to pick a preferred dealer. In this section, we will discuss the internal characteristics, as well as well as the external benefits you should look for in choosing a

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3. How Trading Works – Interbank and the Forex

The forex market has many players, large and small As discussed before, like most markets, the forex essentially works because many participants are buying and selling a fairly uniform product. Currency contracts at the retail level are most often denominated in 100,000 or 10,000 units of the base currency in the pair. There are many dealers who will break a lot into units smaller than that, but a full-size 100K or mini-size 10K lot is the most common. Forex dealers can be classified as

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