Getting Started With Understanding Forex Rates
Forex (the foreign exchange market) is a decentralized foreign money trading market that literally thousands and thousands of individuals participate in. Most individuals that participate in Forex trading do so for short-term financial gain.The Basics of Forex Trading
Forex is the term used to name Foreign Exchange and involves the trading of different country’s currencies against each other. The foreign exchange market is by far the largest financial market in the world and makes the NYSE look small by comparison. If you’ve ever traveled to another country and traded your US dollars for the country’s currency that you are traveling to, you have participated in foreign exchange. For those just starting out, Forex can sound a lot more confusing that it is. In Foreign exchange, money is the commodity being traded, but there is not physical trading going on which sometimes intimidates people just starting out in this popular way of making money.How to Trade in the Forex Markets
When you are first starting out in the Forex market, there are some things to remember that will make your trading experiences much more enjoyable as well as profitable. Not every transaction is going to profit of course, but when you take the time to learn some key factors of trading, it makes a big difference in whether you are successful at it, or just end up losing your investments.An Introduction To Trading Currencies
If you have ever traveled overseas and exchanged dollars into another currency, you have participated in a small way in the forex market. The forex market is the trading of currencies on a much larger and more complex scale, with the goal of making a profit.What Is The Foreign Exchange Market?
What is Forex? Forex is a market that allows investors to trade currencies from different countries around the world. The Forex market is the largest and most liquid market available to investors.How to Be a Professional Trader – Part 3
I pulled into Panera Bread at around 2:15. My plan was to arrive before my 2:30 appointment so I could grab some coffee and Tom would not have to wait on me. I use Panera a lot for meetings. It’s quite, and the food is healthy. My goal was to catch the lull between lunch and dinner when there would be the least amount of distractions.How to Be a Professional Trader – Part 2
How many times have you heard it? You need a trading plan. You need a blueprint, a road map that can guide you and your trading. But what does a trading plan look like? What should you consider when writing one out? As part of my consulting business I talk with a lot of traders who are struggling. One of the very first things we cover is their current trading plan.Overcoming Obstacles – The Mindset of a Successful Trader
This thanksgiving I loaded up the family into our Suburban and headed out to southwest Kansas. With chicken McNuggets in our laps and Veggie Tales playing on the DVD we started the 6 hour drive to Garden City to visit my grandparents who are still two of the most active and energetic people I know.How To Make Use Of Forex Market Hours
If you want to make a living trading Forex, you should know the dynamics of trading in international currencies. There are certain basics that determine how successful you will be, one of these is the Forex market hours.What Is Forex Trading?
Forex trading can be explained as the exchange of currency of two different types. If you have ever been to Mexico and traded your U.S. dollar into pesos, you have done forex trading.How to Be a Professional Trader – Part 1
Isn’t this the ultimate goal? Chances are if you are reading this, the answer is a resounding YES! There are thousands of traders who dream about one day waking up, grabbing the morning cup of coffee and walking down the hall to their home office to start their trading day.The Market Is Wrong
What follows is my personal view on market dynamics and principles that govern my own trading. It is written as simply as I can muster, in plain English, in the hopes of explaining my process to traders of all education and experience levels.