Aug
20
2009
0

Start With a Practice Account (Part I)

Almost every forex broker offers a free practice account to new clients. All you need to do is to sign up with any good forex broker. The best way for new traders to get a handle on what forex trading is all about is to open a practice account. Read more on Start With a Practice Account (Part I)
Aug
19
2009
0

Rollovers & Currency Trading

Rollovers represent the intersection of interest rate markets and forex markets. When an open position from one value date or settlement date is rolled over to the next value date or settlement date, this is known as Rollover in currency trading. Rollovers are unique to the currency markets. Read more on Rollovers & Currency Trading
Aug
18
2009
0

Know These Trading Secrets

Trading can be challenging. Trading is not investing. It is speculating. Speculating is defined as assuming business risk in the hope of making a profit from market fluctuations. Successful speculating requires analyzing different market situations, predicting outcomes, and putting your money on the side of the trade on which you think the market is going to go up or down. Read more on Know These Trading Secrets
Aug
15
2009
0

Types of Market Orders (Part I)

Currency traders use market orders to catch market movements when they are not in front of their screens. Just to remind you that forex markets are open 24 hours a day, five days a week. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen. Read more on Types of Market Orders (Part I)
Aug
14
2009
0

How About Currency Trading? (Part II)

Crosses enable currency traders to directly target trades to specific individual currencies to take advantage of news or events. The most active traded crosses focus on the three non USD currencies (EUR, JPY, GBP) and are known as the euro crosses, yen crosses and the sterling crosses. The most actively traded cross currency pairs are: EUR/CHF, EUR/GBP, EUR/JPY, GBP/JPY, AUD/JPY and NZD/JPY. Read more on How About Currency Trading? (Part II)
Aug
13
2009
0

Learning Currency Trading (Part I)

Currency Market is the most traded financial markets in the world. We like to think of the currency market as the, Big Kahuna of the financial markets. The currency market is the crossroads for international capital, the intersection through which the global commercial and investment flows have to move. Read more on Learning Currency Trading (Part I)
Aug
09
2009
0

Candlestick Patterns Explained (Part I)

Candlestick patterns can reveal a lot about the underlying market sentiments. Using one of these candlestick patterns without knowing about the previous trends wouldnt be very useful. Based only on the market activity of the previous few days, most candlestick patterns are valid. For instance, some of the candlestick patterns indicate a change in trend. Read more on Candlestick Patterns Explained (Part I)
Aug
07
2009
0

How To Trade the Breakout? (Part II)

When prices move out of a price range, then back into the price range and then breaks out of the level again, stopping both breakout traders and faders at least once, whipsaw takes place. When there is a lack of momentum or the breakout is small and weak, a whipsaw breakout usually occurs. Read more on How To Trade the Breakout? (Part II)
Aug
02
2009
0

Breakout Fading Explained (Part I)

Fading breakouts refers to trading against breakouts when you believe that the currency prices will not be able to follow through action in the direction of the breakout. We fade breakouts when we believe that breakouts from support and resistance levels to be false and unsustainable. Read more on Breakout Fading Explained (Part I)
Jul
31
2009
0

Why Not Swing Trading? (Part I)

Lets take the analogy of a cricket team. There are 11 players in each team in the match. All players are talented and super fit. Everyone can throw and catch the ball. Everyone is a hard hitter. However some are more skilled at balling. Others are more skilled at batting. Not many runs will be made and the match will be lost if the baller is going to do the job of the batter. Not knowing what type of a trader you are can make or break your trading career. Determining your trading style is very important right from the beginning. Read more on Why Not Swing Trading? (Part I)









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