The Pros and Cons of Fundamental and Technical Analysis in Forex Trading
Forex trading, the buying and selling of foreign currency pairs, is a world awash with new information 24 hours each trading day. How the market reacts to the information will determine which way the market will move. The analysis method you choose to employ may depend on your experience, expertise and the time you have available. This article examines the differences between the fundamental analysis method and technical analysis.Foreign Currency Trading Explained
Forex, the short name for foreign currency trading, trades in ‘lots’. Lots are multiple shares held or traded together, usually in units of 100 and 1,000. There are different types of lots, typically termed as standard, mini and micro.Foreign Currency Trading Explained – Part 2
Trading forex online is attracting more and more traders daily. In order to be successful, novice traders need have the basics of foreign currency trading explained. Part 2 looks at major currencies pairs and pips.Foreign Currency Trading Explained – Part 1
Foreign currency trading, more commonly known as forex trading, is a market or medium where every day people can make large profits from their own computers. However it is not without risk and any would-be trader needs to get to to grips with a basic understanding of the trades and the jargon. Read Part 1 to have currency pairs explained and see how they are expressed.Forex Mini Account Or Micro Account – Worth It Or Worthless?
A micro or mini account can also be useful if you want to learn a new system using real funds instead of a demo account. This can be a good idea because it eliminates the over-confidence you can get caught up in when trading with play money.Rollover Days – Essential Information For Any Trader
Rollover is when we switch from trading the contract that expires in the current month, to a contract that expires in a future month. Rollover for futures trading can occur each month, and/or quarterly.You’re Going to Make Millions! It’ll Only Take 50 Years Without Automated Forex Trading Systems
Here are loads of programs available that claim to make Forex trading trouble-free, generating a cash flow with modest work on your part, yet these have a tendency to be feebly made. Numerous traders still buy these programs regardless of the clear truth that they barely yield money for anyone.Forex Demo Currency Trading Accounts
Remember when you were a kid, how easy it was to spend your parents money? But when it came time to spend your allowance that you had earned yourself and saved-up, the purchase took on more meaning and importance, didn’t it? Demo trading gives you that free-ride feeling, and if you’re not aware of it, it can be carried over to your live account with disastrous results.Forex Robot – Are These Systems Right For You?
Automated Forex trading programs, or “robots”, are software marketed primarily to users interested in profiting from the Forex market but with little or no firsthand experience. The common plug is that Forex robots can make money without any input or supervision from their users: just set them running and they do all the work, turning a profit even while you sleep. These claims may be truthful in some cases, but there are enough programs that fail to live up to these lofty promises that anyone interested in investing their money with a Forex robot should do their research before making a purchase.Using Cutting Edge Strategies to Earn a Profit With Automated Forex Trading Systems
Numerous Forex trading applications currently assert that they can easily supply you with a continual stream of revenue. Surprisingly, traders are still purchasing these programs, despite knowing that practically all traders are currently losing money, which should not be the circumstance if these programs held up to their promise.Forex Robot – What to Look For in the Best Systems
Looking to invest your money with one of the myriad automated trading programs on the market? Like any major purchase – especially one you’re going to be trusting your money with – you should make sure the Forex robot you’re interested in is legitimate and not one of the many frauds and scams out there.4 Ways Forex Trading Software Can Bring You Some Serious Cash
The Forex market is a great income opportunity for many, especially now that you can trade online and there are less restrictions or when it was limited to only the big guys. Granted, there is still a lot of skepticism about using a Forex trading software, there are at least 4 reasons you should seriously consider getting one.