Forex Tips

Which Forex currency pair is the best to trade?

Bookmark & Share The major currency pair EUR/USD is a great choice for beginners because it moves slowly compared to other currency pairs. The EUR/USD has a strong positive correlation with GBP/USD and a negative correlation with USD/CHF. It is the most traded currency pair with with around 30% of total daily volume of the Forex market. This... [Read more of this article]

Forex trading – Do it your way!

Bookmark & Share There have been some extremely successful traders in the history of the various markets, people who have made so much money in fact that they have been able to retire before the age of thirty in some cases. Whether the idea of being retired before you are even half way to the legally-mandated retirement age thrills or terrifies... [Read more of this article]

Don’t get carried away – consistency is the key!

Bookmark & Share When trading on any stock market it is easy to look at early positive results and think yourself bullet-proof. In fact, the world’s impression of stock traders in many cases tends to picture them as extremely sure of themselves and convinced that they alone hold the secrets that create wealth. This is due in no small part to... [Read more of this article]

Don’t assume that you know everything

Bookmark & Share If there is one piece of advice that should be issued to every potential Forex trader before they go anywhere near the trading floor (virtual or otherwise) it is this: “You may well arrive at the conclusion that you are always right. Get that idea out of your head now before it is proved to be dead wrong.” The fact of the... [Read more of this article]

Bulls and Bears – oh my!

Bookmark & Share Anyone who has flicked through the financial channels on their cable TV box without really stopping to listen to what is being said will probably be occasionally confused by references to “bulls” and “bears”. These terms are common parlance in trading situations, and can be heard or read in any market analysis if you... [Read more of this article]

Analyzing the market to your advantage

Bookmark & Share It has been said by many experienced traders that Forex is a more volatile market than any of the available options. The theory goes that it is difficult enough to judge a single company’s value at a given time and in the future, just imagine how hard it is to do the same thing with a whole country. This philosophy takes the... [Read more of this article]

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