Now I would like to talk about time. Timing in the market has big impact for the trading account, but so big as choosing the right direction. But even choosing the right direction after some time market will turn around and if you miss right time to get out, all the profits will go away. Based on previous sentence looks like timing is everything. I still think it is not. By my opinion it is better wrong timing than wrong direction. So why I would like to spend all article just talking about
Over a trillion dollars per day is exchanged on the foreign currency market. The Forex market is used by smart traders for speculation, hedging and long-term profit taking. You can trade in the foreign currency market. It is available to anyone and everyone. Take our Forex Essentials course and follow our analysis to get started in this exciting market. Overview: Learning the Forex with us There are a couple things you need to know about this course and our educational philosophy. We believe
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
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
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