Import prices rose during this last quarter, but the actual retail sales were not as strong as expected causing the markets to open down this morning. People decided to cut back on buying cars and did a little less shopping online. Let’s hope for everyone’s sake we see some up ward momentum in both these [...]
Being aware of the dangers and pitfalls within the Forex market is smart risk management. Be careful because the Forex market is not one that will allow you to gain instant riches. Realizing this is the first step to improving your trading. Don’t aim big right from the beginning. Treat each trade as a small [...]
The foreign exchange market is like a big ballpark, everything is fair game. The players in this game are composed mostly of banking institutions from all over the world. Traders are not usually allowed to play in this field, and they could only do so through their “managers”, which can either be market makers or [...]
For those who don’t have the time or energy to research investments or completely understand the language of investing, mutual funds may be the answer. The beauty of mutual funds is that an investor/representative is choosing the best investments for your based on your needs and interests. Because you are putting your trust (and money) [...]
Askobid is a neophyte in the world of Forex trading but shows much promise. It makes use of a web-based proprietary platform which gives the trader the convenience to log in and trade wherever he may be. The same platforms also has integrated charting tools, real time analysis fees, stop loss, entry limit, take profit, [...]
Forex exchange trading is not only the largest market in the world with a daily turnover in excess of three trillion dollars, but it is also the fastest traded market amongst private traders and speculators. In this market, there is one concept that seems to override everything else – timing. Currency trading involves the exchange [...]
No international currency news might paralyze some traders, but you do not need to fall into this category. Many traders today have switched to a method of trading that revolves around news releases using the Oracle Trader. While this is a very powerful strategy, it severely limits your trading schedule. Sure, you might only trade [...]
Whether you are brand new to the world of forex trading or a seasoned professional, there are some common mistakes that we all make. There is hope, though; most mistakes are quite easy to fix. Let’s look at some of the most common ones and go over their solutions. Perhaps you don’t even realize you [...]
Fibonacci sequences often occur naturally throughout the world, but in the Forex world, they often come across as support and resistance levels as well as areas of profit making. These sequences come in two main varieties: Fibonacci retracements and extensions. These complex calculations are automatically calculated by most charting packages making them easy to use [...]
All currency traders will make mistakes. The key is to make the mistakes as small as possible and to recognize when they are made so that you can avoid them in the future. Ingrained habits are perhaps the hardest mistakes to overcome. These are trading ideas and concepts that were taught or learned incorrectly, but [...]