Category Archives: Forex Trading

Knowledge is the key to successful FOREX trading.  The knowledgeable trader has greater awareness of how the market moves and more chances of making profitable transactions.  Without knowledge you are shooting in the dark.  You may succeed on a few … Continue reading →

Many beginning FOREX traders are captivated by the allure of easy money.  FOREX websites offer ‘risk-free’ trading, ‘high returns’ ‘low investment’ – these claims have a grain of truth in them, but the reality of FOREX is a bit more … Continue reading →

There are many tools available to the FOREX trader for analyzing the market as well as for buying and selling currencies.  Software tools are a necessary part of FOREX because of its volume and volatility.  Software can be used to … Continue reading →

To be a successful FOREX trader you need a trading strategy.  There is no one set strategy that is good for all traders; rather, each trader needs to develop his or her individual approach to the FOREX.  Some traders rely … Continue reading →

Almost every online FOREX broker has a software package for their clients to make transactions and get information about market prices.  Due to the relative maturity of online trading there is a consensus among FOREX brokers about what clients need … Continue reading →

One of the disadvantages of FOREX trading is the time investment needed to monitor the markets for advantageous entry and exit points.  It’s possible to sit in front of a computer monitor for hours watching the markets. Of course, you … Continue reading →

Despite the claims you may see on some FOREX web sites, FOREX is not risk-free.  You are trading with substantial sums of money and there is always a possibility that trades will go against you.  There are several trading tools, … Continue reading →

Currency prices are determined by a number of factors, the most important of which are economic and political conditions in the issuing country.  Political stability, inflation, and interest rates are all factored into the price of any currency.  In addition, … Continue reading →

FOREX currencies are traded in much smaller divisions than cash.  Whereas the smallest division in US cash is the penny ($0.01), US currency can be traded on the FOREX in divisions of $0.0001.  This smallest division is called the pip … Continue reading →