Currency Trading Information

The Seven Most Traded Currencies in FOREX.


Currencies are traded in dollar amounts called ?lots?. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called ?High Leverage?.

The Miracle of Forex


My father, who owns a small parts store and garage for vintage British sports cars, called me up recently and droned on and on about how he is getting killed by the Euro. Confused as to how the Euro could possibly be affecting his small and seemingly insignificant business, I asked him how. ?Because of the Euro!?

Forex Trading


Foreign exchange market, or better known as FOREX, is the world's largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast majority of the currency trading or FOREX trading takes place, with a total daily turnover of currency worth more than $1.2 trillion.

Adaptation to the Realities of the Market


Do you think adaptation to the realities of the market is the most important thing?

Money Management, Part 1


There are some common mistakes I?ve seen traders make in the area of money management. First, let?s understand what money management is all about.

Money Management, Part 2


FEARING LOSSES

The Secret of Reduced Margin Spreads


One of the best kept secrets in trading is that of reduced margin spreads. You cannot name a trading method that provides more safety or a greater return on margin than does a reduced margin spread, while also being one of the least time- consuming ways to trade. Have you ever asked yourself why it is that many of the largest, most powerful traders trade spreads? I?m going to show you why!

The Nature of the Trading Business


Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day to day. He knows that no one truly can.

Experience


Throughout our course on futures trading, we have tried to point out to you that there is a great difference between having an investor attitude and being a trader. There are also many similarities. In one sense, a trader is someone who invests in his own trading ability. Therefore, in that sense trading is investing. Trading and investing are interrelated. You come to realize this through experience.

Disgruntled


The following situation happens quite often to many traders. Look it over and see if it has been happening to you:

Two Timeless Rules in FOREX Investing


RULE #1) ~ Cut your losers; let your winners ride.

Example of a Profitable Transaction in FOREX


To make a profit, in the FOREX, a trader can enter the market as a *buy position* (known as going "long") or a *sell position*(known as going "short").

Dont Deny Reality


If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about.

Creativity in Trading


?Is it important to be creative in your trading??

Ways to Acquire Discipline in Trading


One way to acquire discipline in trading...

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