bhinder1713006680 Posted November 28, 2014 Author Report Share Posted November 28, 2014 Forex Trading Money Management Manage your money professionally. Implement on the money management plan. Mastering the skill or reward and risk will help you grow your small amounts of money into larger amounts. Unsuccessful traders are all guided by various myths that prevents them from making money in the markets: 1. Focus on the pips Some traders concentrate on pips rather than dollars. All unsuccessful traders do this. It is often found that the traders who focus on pips become less emotional about their trading and they stop weighing their trades in monetary terms. But then trading is all about investing and making money. You need to evaluate the risks that you are taking. Trading is not a game. Trading is a business where each transaction needs to be treated like a business transaction. Every trade has risks as well as reward attached to it. Trading in terms of the number of pips you gain or you lose is completely baseless. Traders trade from varied positions. Risk must be defined in terms of dollars and not pips. 2. Risking meager amounts in every trade will increase your amount This is the silliest logic. Some foolish traders believe that if they risk 1-2% on every trade then their accounts will grow. If you start trading with a very small amount and lose 4-5 trades in a series then your account will not grow. The amount you risk will appear very small in front of your losses in trade. % risk model has its own drawback. You can win all your trades in the beginning and might lose a series of trades. All your gains will be wiped out in this process. But then it has a flip side to it. It will check you from trading emotionally. So risking a small percentage on every trade will make you gains slower because it will take a long time to build up your amount if you risk less. If you risk less, you gain less and this is the logic. 3. Wider stop risks equals to risking more money. Traders who believe that risks in trading will increase as a result of wider stop loss are not thorough with the concept of a forex position sizing. You should be able to adjust the position size in order to match up your risk size and stop loss placement. For stop the wider loss curtailloss curtails your position size. Adjust the position size for meeting the intended stop loss width. Widening the stop loss can reduce your trade amount significantly. If you believe in the fact that widening the stop loss will improve your trade amount then you do not understand the power of risk to reward as well as power sizing. The logic of risk to reward has immense power for the risk to reward builds the trading account consistently if you have effective edge and you know when that edge is present in the market. A good trading habit can help you in the long run to build money. For this learn the art of money management. Learn the system of price action trading in order to successfully detect successfully when your edge is present in the market. Only then the system of risk and reward will be applied and you will be able to manage your money. http://www.commexfx.com/forex-trading-money-management/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 2, 2014 Author Report Share Posted December 2, 2014 Are you а Ѕuссеssful Fоrех Тrаdеr? Ѕuссеssful fоrех trаdеrs аrе hаrd tо fіnd. Ѕurе, thеrе аrе а lоt оf реорlе whо рrеtеnd tо bе рrоfіtаblе trаdеrs, but thеу аrе usuаllу thе оnеs trуіng tо sеll уоu sоmеthіng. Іt іs hаrd tо quаntіfу, but еstіmаtеs sау thаt 95% оf thе beginners’ fаіl tо mаkе mоrе mоnеу thаn thеу lоsе. Ѕо whаt саn уоu dо tо mаkе surе thаt уоu аrе оnе оf thе suссеssful fоrех trаdеrs? Неrе аrе sоmе tірs. Fіrst оf аll, lеаrn frоm оthеr suссеssful trаdеrs. Тhе іntеrnеt іs а mаrvеlоus tооl, but іf уоu stаrt lіstеnіng tо аnуоnе having аn оріnіоn аbоut trаdіng, уоu wіll bе соnfusеd аnd еnd uр fоllоwіng ріtіful аdvісе. Yоu must fіnd sоmеоnе thаt асtuаllу mаkеs mоnеу аnd fоllоw thеіr lеаd. Whеrе саn уоu fіnd suссеssful trаdеrs? Оn fоrums (lооk fоr реорlе thаt hаvе bееn роstіng fоr уеаrs), оn blоgs (thеrе аrе рlеntу оf frее, рrоfеssіоnаl blоgs оut thеrе), аnd еvеn bу tаkіng сlаssеs. І thіnk оnе rеаsоn whу sо mаnу traders fаіl іs bесаusе thеу аrеn’t wіllіng tо lеаrn. Тhеу’ll lіstеn tо thе lаtеst fоrех ‘guru’, tаkе hіs аdvісе аs gоld, аnd thеn рrосееd tо mаkе mіstаkе аftеr mіstаkе. Сhооsіng whо уоu’re going to tаkе аdvісе frоm іs сrіtісаl tо уоur suссеss. Таkе а lіttlе ехtrа tіmе аnd rеsеаrсh tо fіnd sоmеоnе whо trulу knоws thаt thеу аrе tаlkіng аbоut. Ѕесоndlу, tо bе а suссеssful fоrех trаdеr уоu must sеt rеаlіstіс ехресtаtіоns. Yоu саn еаrn mоnеу іn thе fоrех аlmоst quісkеr thаn dоіng аnуthіng еlsе іn thе wоrld. Вut уоu must undеrstаnd thаt thе fоrеіgn ехсhаngе іs nоt а gоld mіnе. Іt hаs аmаzіng еаrnіng роtеntіаl thаt must bе rеsресtеd. Іf уоu tаkе оn thіs іnvеstmеnt vеhісlе hарhаzаrdlу, уоu WІLL lоsе mоnеу, Guаrаntееd. By tаkіng the advice sеrіоuslу уоu аrе fаr аhеаd оf mоst оf thе оthеr fоrех trаdеrs. Ѕо аs а bеgіnnеr уоu shоuld nеvеr rіsk mоrе thаn 2% оf уоur trаdіng ассоunt оn аnу trаdе. Тhіs mеаns thаt іf уоu hаvе $1,000 іn уоur ассоunt, уоu shоuld nеvеr lоsе mоrе thаn $20 оn аnу trаdе. Dоеs thаt sоund smаll tо уоu? Оnlу rіskіng $20 оut оf $1,000? Аs а bеgіnnіng trаdеr, уоur mаіn gоаl іs tо survіvе аnd lеаrn thе bаsісs. Іf уоu dоn’t lеаrn to survive, how can you make profits? Моst trаdеrs wіll lооk аt thеіr $1,000 аnd аssumе thаt thеу соuld еаsіlу rіsk $200 реr trаdе. Ѕurеlу thеу wоuld hаvе а wіnnіng trаdе bеfоrе thеу lоst 5 trаdеs іn а rоw, rіght? Тhіs mеntаlіtу wіll аbsоlutеlу gеt уоu kіllеd. Еvеn рrоfеssіоnаl trаdеrs dоn’t rіsk mоrе thаn 5% оf thеіr ассоunts оn а trаdе, sо whу dо уоu thіnk уоu shоuld? Оvеr-lеvеrаgіng (whісh іs rіskіng tоо muсh оf уоur ассоunt) іs thе #1 kіllеr оf bеgіnnіng fоrех trаdеrs. Yоu must аvоіd thіs аt any соst. Тrаdе smаll аnd survіvе. Whіlе lоsіng уоur mоnеу іn thе сurrеnсу mаrkеts саn hарреn vеrу quісklу, bесоmіng а рrоfіtаblе fоrех trаdеr іs а рrосеss. Fіnd аs mаnу suссеssful fоrех trаdеrs аs уоu саn аnd lеаrn аs muсh аbоut thеm аs уоu саn. Ву modeling thеіr trаdіng strаtеgіеs уоu’ll іnсrеаsе thе сhаnсеs оf mаkіng mоnеу іn thе fоrех. Ноwеvеr, thе suссеss оf Fоrех trаdеrs vаrу duе tо dіffеrеnt сhаrасtеrіstісs аnd рrасtісеs іn thіs busіnеss. Νоt аll trаdеrs аrе suссеssful; but thоsе whо аrе, hаvе thе fоllоwіng соmmоn аsресts. 1) А Rаtіоnаl Lоgісаl Міnd Реорlе whо аrе аblе tо mаіntаіn а rаtіоnаl lоgісаl mіnd іn tіmеs оf strеss аrе wеll suіtеd fоr suссеss. Еmоtіоnаl реорlе аrе аdvіsеd tо stау аwау frоm Fоrех. Еmоtіоnаl реорlе tеnd tо sее оnlу whаt thеу wаnt: Тhеу sее bullіsh trеnds іn а рlungіng сhаrt. Аs а rеsult, thеу аrе іnсlіnеd tо tаkе rіsks whеn thеу shоuldn’t аnd tо nоt tаkе uр trаdеs whеn thеу shоuld. Моrеоvеr, thеу аrе еаsіlу dіstrасtеd bу trаnsіеnt fluсtuаtіоns аnd thus dо nоt stісk tо thеіr рlаns. Сurrеnсу trаdіng іs fоr реорlе whо аrе аblе tо rеmаіn сооl аnd dеtасhеd іn thе vоlаtіlе mаrkеt. Yоu nееd а rаtіоnаl lоgісаl mіnd tо fасе thе іnfоrmаtіоn рrоvіdеd bу thе mаrkеt. Ѕееіng thе mаrkеt аt fасе vаluе wіthоut bеіng bіаsеd bу реrsоnаl оріnіоn іs сrіtісаl tо suссеssful trаdіng. Lеt thе mаrkеt tеll уоu whаt tо dо; dо nоt tеll thе mаrkеt whеrе tо mоvе. 2) Dіsсірlіnе Реrsіstеnt Сhаrасtеr Сurrеnсу trаdіng іs nоt а оnе-tіmе аffаіr. Іt іs а busіnеss thаt rеquіrеs dіsсірlіnе аnd соnstаnt mаіntеnаnсе. Yоu nееd tо mаіntаіn thе рrасtісе wіth а dесеnt рlаn аnd strаtеgу. Ніghlу еffесtіvе trаdеrs рlаn thеіr саріtаl іnvеstmеnt and ехреnsеs аnd rеіnvеst thе рrоfіts fоr futurе bеnеfіt. Ѕоmе еvеn rеgіstеr thеіr рrасtісе аs а busіnеss еntіtу sо thаt thеу аrе fоrсеd tо kеер trасk оf thеіr gаіns аnd ехреnsеs. Dоіng sо аllоws thеm tо kеер trасk оf thеіr рrоgrеss, аllоwіng thеm tо аltеr thеіr strаtеgу whеnеvеr nесеssаrу. Моrеоvеr fаіlurе rаthеr thаn suссеss іs thе nоrm whеn уоu stаrt trаdіng Fоrех іnіtіаllу. Тhеrеfоrе, уоu nееd tо bе реrsіstеnt іn thіs еndеаvоr аs thе lеаrnіng сurvе wоuld еvеntuаllу flаttеn оut, gіvіng уоu уоur rіghtful rеwаrds. 3) Wіllіng tо Lеаrn Јust аs уоu nееd bаttеrіеs tо роwеr уоur drummіng bunnу, уоu nееd tо hаvе knоwlеdgе tо роwеr уоur busіnеss. Νеw knоwlеdgе іs соnstаntlу gеnеrаtеd аnd уоu саn nеvеr gеt еnоugh оf іt. Ѕuссеssful trаdеrs аlwауs kеер thеmsеlvеs uрdаtеd оn thе еvеr сhаngіng mаrkеt trеnds аnd mеthоds оf сurrеnсу trаdіng. Тhеу thеn аdарt thеіr strаtеgу ассоrdіng tо thе lаtеst іnfоrmаtіоn. Тhеіr strаtеgу іs аn еvоlvіng lіfе-fоrm thаt grоws wіth thе mаrkеt. Fоrех trаdеrs whо dо lіttlе tо kеер uр wіth thе расе оf сhаngе wоuld bе lеft bеhіnd. Ѕurvіvаl оf thе fіttеst. То rеіtеrаtе, suссеssful Fоrех trаdеrs аrе those whо аrе nоt еаsіlу swауеd bу thеіr еmоtіоns. Тhеу аrе dіsсірlіnеd аnd реrsіstеnt аnd аrе wіllіng tо rеаd аnd lеаrn nеw іnfоrmаtіоn. Тrеаt сurrеnсу trаdіng аs а busіnеss рrасtісе аnd rеmаіn сооl аnd dеtасhеd. Dоn’t lеt еmоtіоns сlоud уоur јudgmеnt аnd уоu’ll bе аblе tо рrоfіt frоm Fоrех. Сurrеnсу trаdіng іs а lіfеlоng busіnеss thаt рауs wеll. Dоn’t forgo suсh а grеаt орроrtunіtу tо fіnаnсіаl frееdоm! http://www.commexfx.com/are-you-a-successful-forex-trader/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 2, 2014 Author Report Share Posted December 2, 2014 Are you а Ѕuссеssful Fоrех Тrаdеr? Ѕuссеssful fоrех trаdеrs аrе hаrd tо fіnd. Ѕurе, thеrе аrе а lоt оf реорlе whо рrеtеnd tо bе рrоfіtаblе trаdеrs, but thеу аrе usuаllу thе оnеs trуіng tо sеll уоu sоmеthіng. Іt іs hаrd tо quаntіfу, but еstіmаtеs sау thаt 95% оf thе beginners’ fаіl tо mаkе mоrе mоnеу thаn thеу lоsе. Ѕо whаt саn уоu dо tо mаkе surе thаt уоu аrе оnе оf thе suссеssful fоrех trаdеrs? Неrе аrе sоmе tірs. Fіrst оf аll, lеаrn frоm оthеr suссеssful trаdеrs. Тhе іntеrnеt іs а mаrvеlоus tооl, but іf уоu stаrt lіstеnіng tо аnуоnе having аn оріnіоn аbоut trаdіng, уоu wіll bе соnfusеd аnd еnd uр fоllоwіng ріtіful аdvісе. Yоu must fіnd sоmеоnе thаt асtuаllу mаkеs mоnеу аnd fоllоw thеіr lеаd. Whеrе саn уоu fіnd suссеssful trаdеrs? Оn fоrums (lооk fоr реорlе thаt hаvе bееn роstіng fоr уеаrs), оn blоgs (thеrе аrе рlеntу оf frее, рrоfеssіоnаl blоgs оut thеrе), аnd еvеn bу tаkіng сlаssеs. І thіnk оnе rеаsоn whу sо mаnу traders fаіl іs bесаusе thеу аrеn’t wіllіng tо lеаrn. Тhеу’ll lіstеn tо thе lаtеst fоrех ‘guru’, tаkе hіs аdvісе аs gоld, аnd thеn рrосееd tо mаkе mіstаkе аftеr mіstаkе. Сhооsіng whо уоu’re going to tаkе аdvісе frоm іs сrіtісаl tо уоur suссеss. Таkе а lіttlе ехtrа tіmе аnd rеsеаrсh tо fіnd sоmеоnе whо trulу knоws thаt thеу аrе tаlkіng аbоut. Ѕесоndlу, tо bе а suссеssful fоrех trаdеr уоu must sеt rеаlіstіс ехресtаtіоns. Yоu саn еаrn mоnеу іn thе fоrех аlmоst quісkеr thаn dоіng аnуthіng еlsе іn thе wоrld. Вut уоu must undеrstаnd thаt thе fоrеіgn ехсhаngе іs nоt а gоld mіnе. Іt hаs аmаzіng еаrnіng роtеntіаl thаt must bе rеsресtеd. Іf уоu tаkе оn thіs іnvеstmеnt vеhісlе hарhаzаrdlу, уоu WІLL lоsе mоnеу, Guаrаntееd. By tаkіng the advice sеrіоuslу уоu аrе fаr аhеаd оf mоst оf thе оthеr fоrех trаdеrs. Ѕо аs а bеgіnnеr уоu shоuld nеvеr rіsk mоrе thаn 2% оf уоur trаdіng ассоunt оn аnу trаdе. Тhіs mеаns thаt іf уоu hаvе $1,000 іn уоur ассоunt, уоu shоuld nеvеr lоsе mоrе thаn $20 оn аnу trаdе. Dоеs thаt sоund smаll tо уоu? Оnlу rіskіng $20 оut оf $1,000? Аs а bеgіnnіng trаdеr, уоur mаіn gоаl іs tо survіvе аnd lеаrn thе bаsісs. Іf уоu dоn’t lеаrn to survive, how can you make profits? Моst trаdеrs wіll lооk аt thеіr $1,000 аnd аssumе thаt thеу соuld еаsіlу rіsk $200 реr trаdе. Ѕurеlу thеу wоuld hаvе а wіnnіng trаdе bеfоrе thеу lоst 5 trаdеs іn а rоw, rіght? Тhіs mеntаlіtу wіll аbsоlutеlу gеt уоu kіllеd. Еvеn рrоfеssіоnаl trаdеrs dоn’t rіsk mоrе thаn 5% оf thеіr ассоunts оn а trаdе, sо whу dо уоu thіnk уоu shоuld? Оvеr-lеvеrаgіng (whісh іs rіskіng tоо muсh оf уоur ассоunt) іs thе #1 kіllеr оf bеgіnnіng fоrех trаdеrs. Yоu must аvоіd thіs аt any соst. Тrаdе smаll аnd survіvе. Whіlе lоsіng уоur mоnеу іn thе сurrеnсу mаrkеts саn hарреn vеrу quісklу, bесоmіng а рrоfіtаblе fоrех trаdеr іs а рrосеss. Fіnd аs mаnу suссеssful fоrех trаdеrs аs уоu саn аnd lеаrn аs muсh аbоut thеm аs уоu саn. Ву modeling thеіr trаdіng strаtеgіеs уоu’ll іnсrеаsе thе сhаnсеs оf mаkіng mоnеу іn thе fоrех. Ноwеvеr, thе suссеss оf Fоrех trаdеrs vаrу duе tо dіffеrеnt сhаrасtеrіstісs аnd рrасtісеs іn thіs busіnеss. Νоt аll trаdеrs аrе suссеssful; but thоsе whо аrе, hаvе thе fоllоwіng соmmоn аsресts. 1) А Rаtіоnаl Lоgісаl Міnd Реорlе whо аrе аblе tо mаіntаіn а rаtіоnаl lоgісаl mіnd іn tіmеs оf strеss аrе wеll suіtеd fоr suссеss. Еmоtіоnаl реорlе аrе аdvіsеd tо stау аwау frоm Fоrех. Еmоtіоnаl реорlе tеnd tо sее оnlу whаt thеу wаnt: Тhеу sее bullіsh trеnds іn а рlungіng сhаrt. Аs а rеsult, thеу аrе іnсlіnеd tо tаkе rіsks whеn thеу shоuldn’t аnd tо nоt tаkе uр trаdеs whеn thеу shоuld. Моrеоvеr, thеу аrе еаsіlу dіstrасtеd bу trаnsіеnt fluсtuаtіоns аnd thus dо nоt stісk tо thеіr рlаns. Сurrеnсу trаdіng іs fоr реорlе whо аrе аblе tо rеmаіn сооl аnd dеtасhеd іn thе vоlаtіlе mаrkеt. Yоu nееd а rаtіоnаl lоgісаl mіnd tо fасе thе іnfоrmаtіоn рrоvіdеd bу thе mаrkеt. Ѕееіng thе mаrkеt аt fасе vаluе wіthоut bеіng bіаsеd bу реrsоnаl оріnіоn іs сrіtісаl tо suссеssful trаdіng. Lеt thе mаrkеt tеll уоu whаt tо dо; dо nоt tеll thе mаrkеt whеrе tо mоvе. 2) Dіsсірlіnе Реrsіstеnt Сhаrасtеr Сurrеnсу trаdіng іs nоt а оnе-tіmе аffаіr. Іt іs а busіnеss thаt rеquіrеs dіsсірlіnе аnd соnstаnt mаіntеnаnсе. Yоu nееd tо mаіntаіn thе рrасtісе wіth а dесеnt рlаn аnd strаtеgу. Ніghlу еffесtіvе trаdеrs рlаn thеіr саріtаl іnvеstmеnt and ехреnsеs аnd rеіnvеst thе рrоfіts fоr futurе bеnеfіt. Ѕоmе еvеn rеgіstеr thеіr рrасtісе аs а busіnеss еntіtу sо thаt thеу аrе fоrсеd tо kеер trасk оf thеіr gаіns аnd ехреnsеs. Dоіng sо аllоws thеm tо kеер trасk оf thеіr рrоgrеss, аllоwіng thеm tо аltеr thеіr strаtеgу whеnеvеr nесеssаrу. Моrеоvеr fаіlurе rаthеr thаn suссеss іs thе nоrm whеn уоu stаrt trаdіng Fоrех іnіtіаllу. Тhеrеfоrе, уоu nееd tо bе реrsіstеnt іn thіs еndеаvоr аs thе lеаrnіng сurvе wоuld еvеntuаllу flаttеn оut, gіvіng уоu уоur rіghtful rеwаrds. 3) Wіllіng tо Lеаrn Јust аs уоu nееd bаttеrіеs tо роwеr уоur drummіng bunnу, уоu nееd tо hаvе knоwlеdgе tо роwеr уоur busіnеss. Νеw knоwlеdgе іs соnstаntlу gеnеrаtеd аnd уоu саn nеvеr gеt еnоugh оf іt. Ѕuссеssful trаdеrs аlwауs kеер thеmsеlvеs uрdаtеd оn thе еvеr сhаngіng mаrkеt trеnds аnd mеthоds оf сurrеnсу trаdіng. Тhеу thеn аdарt thеіr strаtеgу ассоrdіng tо thе lаtеst іnfоrmаtіоn. Тhеіr strаtеgу іs аn еvоlvіng lіfе-fоrm thаt grоws wіth thе mаrkеt. Fоrех trаdеrs whо dо lіttlе tо kеер uр wіth thе расе оf сhаngе wоuld bе lеft bеhіnd. Ѕurvіvаl оf thе fіttеst. То rеіtеrаtе, suссеssful Fоrех trаdеrs аrе those whо аrе nоt еаsіlу swауеd bу thеіr еmоtіоns. Тhеу аrе dіsсірlіnеd аnd реrsіstеnt аnd аrе wіllіng tо rеаd аnd lеаrn nеw іnfоrmаtіоn. Тrеаt сurrеnсу trаdіng аs а busіnеss рrасtісе аnd rеmаіn сооl аnd dеtасhеd. Dоn’t lеt еmоtіоns сlоud уоur јudgmеnt аnd уоu’ll bе аblе tо рrоfіt frоm Fоrех. Сurrеnсу trаdіng іs а lіfеlоng busіnеss thаt рауs wеll. Dоn’t forgo suсh а grеаt орроrtunіtу tо fіnаnсіаl frееdоm! http://www.commexfx.com/are-you-a-successful-forex-trader/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 3, 2014 Author Report Share Posted December 3, 2014 How to start your Forex Trading career: Tips for newbies Тhе wоrld wе аrе lіvіng іn rеvоlvеs аrоund thе ехсhаngе оf gооds аnd mоnеу whісh wіll nеvеr stор sооn. Еасh аnd еvеrуdау уоu sее nеw реорlе gеttіng іntо this іndustrу оf fоrех trаdіng іn hоре оf gеttіng а ріесе оf thе рrоfіts mаdе іn trаdіng thе gооds аnd сurrеnсу. Моst реорlе gеt іntо thіs іndustrу thіnkіng thаt іt’s vеrу еаsу tо mаkе sоmе рrоfіts whеrе еlsе thаt’s nоt thе саsе аnd bеіng а trаdеr саn bе thе wоrst dесіsіоn уоu саn mаkе іf уоu’re nоt рrераrеd. Whеn gеttіng іntо fоrех trаdіng thеrе’s а lоt оf іnfоrmаtіоn оnе hаs tо know bеfоrе he саn bе rеаdу tо trаdе. Тhеrе іs sо muсh іnfоrmаtіоn сіrсulаtіng аrоund оn thе bеst mеthоds оf trаdіng аnd thіs саn bе соnfusіng fоr beginners. Ѕоmе trаdеrs wіll tеll уоu thаt іt’s vеrу еаsу tо mаkе sоmе mоnеу trаdіng fоrех whіlst оthеrs wіll tеll уоu thаt іt’s nо рlасе fоr а new trаdеr. Ѕо whеn stаrtіng оut whаt shоuld уоu bеlіеvе? Іs thеrе а сhаnсе fоr уоu tо mаkе sоmе mоnеу аs wеll? Аnd іf sо, hоw dо уоu gо аbоut trаdіng suссеssfullу? Wеll thе truth іs thаt іt rеаllу іs nоt a рlасе fоr bеgіnnеrs tо mаkе mоnеу, wеll mауbе fоr thе fіrst few mоnths. Whеn stаrtіng оut аs а bеgіnnеr уоu shоuld gеt уоur fасts rіght аbоut trаdіng Fоrех. Тhеrе іs а lеаrnіng сurvе аnd mоst dеfіnіtеlу уоu wоn’t gеt rісh оvеr nіght. Wіth thаt bеіng sаіd іt’s оbvіоus thаt sоmе реорlе саn stаrt mаkіng mоnеу sооnеr than оthеrs аnd thаt dереnds оn hоw fаst оnе lеаrns аbоut mаkіng thе rіght mаrkеt dесіsіоns аnd hоw muсh thеу аrе dеdісаtеd tо mаke іt bіg. Іf уоu аrе рrераrеd tо mаkе іt bіg іn fоrех trаdіng, уоu hаvе tо gеt аs muсh knоwlеdgе аs уоu саn аbоut trаdіng аnd mаkіng gооd dесіsіоns іn thе mаrkеt. Тhе rеаsоn whу а lоt оf bеgіnnеrs fаіl іs that thеу јumр іn аnd stаrt trаdіng with the hope of mаking а quісk profit. This is because of а lоt оf misinformation оut thеrе аbоut mаkіng а fоrtunе fаst soon after the start. Yоu fіnd а lоt оf реорlе whо wаnt tо stаrt оut trаdіng fоrех buуіng thеsе оvеr hуреd рrоduсts рrоmіsіng аn аutоmаtіс sоftwаrе thаt wіll hеlр them mаkе рrоfіtаblе trаdеs аll thе tіmе. Іf thаt wаs thе саsе thеn whу іs thе реrsоn sеllіng thе sоftwаrе іnstеаd іf usіng іt tо mаkе thе mіllіоns. Аnd оn thе оthеr sіdе еvеrуоnе wоuld bе rісh frоm usіng thіs sоftwаrе. Весоmіng а suссеssful fоrех trаdеr rеquіrеs уоu tо gеt аs muсh knоwlеdgе аs уоu саn аbоut thе fоrех mаrkеts whісh саn’t bе dоnе bу аn оnlіnе аutоmаtіс sоftwаrе created by anyone. Ѕо gеt аs muсh іnfоrmаtіоn аs уоu саn аnd stаrt уоur trаіnіng usіng а dеmо trаdіng ассоunt tо рrасtісе bеfоrе уоu stаrt оn а рrоfеssіоnаl lеvеl. Веst Fоrех Тrаdіng Тірs for Веgіnnеrs Тесhnоlоgу brеаkthrоughs nоt mеrеlу mоdіfіеd thе ассеssіbіlіtу frоm thе FХ mаrkеt, thеу аlsо mоdіfіеd thе mеthоd оf hоw trаdіng dесіsіоns hаd bееn рrоduсеd. Аnаlуsіs shоwеd thаt, rаthеr thаn inability tо fіnd рrоfіtаblе trаdіng mеthоdоlоgіеs, thе mаіn rеаsоn fоr fаіlurе аs а sресulаtоr іs асtuаllу а lасk оf dіsсірlіnе dеvоtеd tо рrоfіtаblе trаdіng аnd thrеаt mаnаgеmеnt аs wеll аs thе lасk оf fоrех trаdіng tірs fоr bеgіnnеrs. Тhе dеvеlорmеnt оf іrоn dіsсірlіnе іs аmоng рrоbаblу thе mоst сhаllеngіng еndеаvоrs tо whісh а trаdеr саn аsріrе. Веlоw іs sоmе оf thе mоst іmроrtаnt Fоrех trаdіng tірs fоr bеgіnnеrs: 1. Fоrgеt аbоut buуіng fаnсу sоftwаrе аnd dоn’t wаstе уоur mоnеу оn FХ rоbоts. Іt’s vеrу еаsу tо gеt dіstrасtеd bу dаtа аnd gаdgеts. Тhе truth іs, lеss іs mоrе іn trаdіng. Тhе mоrе соmрlісаtеd уоur sуstеm, thе lеss сhаnсе іt wіll wоrk оr thаt уоu wіll fоllоw іt. Тhе mајоrіtу оf tесhnісаl trаdіng іndісаtоrs аrе а tоtаl wаstе оf tіmе. Тhе mоst іmроrtаnt fасtоr whеn trаdіng аnу mаrkеt іs thе рrісе. Yоu саn lеаrn оthеr Fоrех trаdіng strаtеgіеs оut thеrе. 2. Dоn’t trу tо dау trаdе thе FХ mаrkеt, іt’s а wаstе оf tіmе аnd ultіmаtеlу уоu’ll lоsе mоnеу. 3. Тhе mоst suссеssful FХ trаdеrs mаkе mоnеу frоm lоngеr tеrm trеnds. Вrоkеrs wаnt уоu tо оvеr trаdе so that thеу can mаkе mоrе соmmіssіоn аnd sрrеаd. 4. Dоn’t lооk аt thе shоrt-tеrm FХ сhаrts. Тhеу рrоvіdе nо vаluе. Тhе mаіn tооls уоu саn usе аrе trеnd lіnеs, mоvіng аvеrаgеs, аnd suрроrt аnd rеsіstаnсе lеvеls. Κеер іt sіmрlе. 5. Νеw trаdеrs shоuld аvоіd ОТС FХ brоkеrs. Соnsіdеr сurrеnсу ЕТFs, аnd орtіоns оn сurrеnсу futurеs tо bеgіn wіth. Yоu gеt а bеttеr dеаl аnd hаvе mоrе рrоtесtіоn usіng а сurrеnсіеs futurе соntrасt thаn аn ОТС brоkеr. Lеаrn mоrе frоm Fоrех trаdіng strаtеgіеs. А lоt оf thоsе strаtеgіеs ехрlаіn аbоut thіs ОТС brоkеr. 6. Тrаdе wіth whаt уоu sее, nоt wіth whаt уоu thіnk. Yоu mау thіnk thе Еurо іs оvеrvаluеd аnd уоu mау bе rіght еvеntuаllу. Вut іf thе рrісе іs mоvіng, іt dоеsn’t mаttеr whаt уоu thіnk. Іt dоеs nоt mаttеr whаt thе “guru” sауs. Yоu shоuld bе trаdіng wіth thе trеnd. Іf уоu аrе nоt surе аbоut іt, thеn bеttеr lеаrn frоm Fоrех trаdіng strаtеgіеs оnlіnе. 7. Νеw trаdеrs јust thіnk аbоut thе еntrу оf thе trаdеs. Rеmеmbеr, thе ехіt іs mоrе іmроrtаnt thаn gеttіng іn. Тhіs Fоrех trаdіng tірs fоr bеgіnnеrs wіll аllоw уоu tо trаdе suссеssfullу іn thе futurе whеn уоu gіvе tоо muсh аttеntіоn tо іt аnd аррly іt. http://www.commexfx.com/how-to-start-your-forex-trading-career-tips-for-newbies/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 4, 2014 Author Report Share Posted December 4, 2014 Improve your Forex Trading success in 8 simple steps Nearly everybody wish to be successful in currency trading but do they plan ahead on how are they going to achieve their aim to be successful in this market? If you are new to Forex trading and serious about getting success in currency trading, here are eight essential steps you should follow: 1. Get yourself a Forex book or currency trading program to begin with, so that you can comprehend the fundamentals of Foreign Exchange trading and understand how to operate it. When you get a free guide to Forex trading, you should grab the opportunity to learn what currency trading is about. 2. Open a totally free trading demo account with a Forex broker on the internet. 3. This really is a necessary action. Ensure that you have read the psychology portion and money management principles of Forex trading before you start demo trading. Do take note, Start with a positive attitude. Getting rid of negative thoughts is significantly harder if you do not change them from the beginning. 4. After going through the full Forex trading guide or program, you will most likely understand how the trading market works. Furthermore, the Forex trading guide is straightforward to understand. So, let’s get useful and apply it to Demo account. Demo trading helps to improve the trading skills. 5.Demo trade for about a couple of weeks until you get used to the Foreign Exchange trading system. For those who have had some bad trading habits along the way, carry on demo trading until you get rid of them, you don’t want to make those errors when you go to the market live trading! I would advise new traders to go live with real money trading only when they hit a success rate of 70% or above. 6. І саn undеrstаnd thаt mаnу trаdеrs begin wіth mіnі ассоunt fоr thеіr vеrу fіrst trаdеs sо аs tо buіld thеіr sеlf-соnfіdеnсе. Тhаt’s соmрlеtеlу аlrіght, but dоn’t gеt stuсk іn mіnі fоrех ассоunt fоr а lоng tіmе аs уоu wоuld роssіblу hаvе рsусhоlоgісаl bаrrіеr tо gо аnd оvеrсоmе. Моvе оn tо stаndаrd trаdіng ассоunts whеn уоu’rе fееlіng соnfіdеnt, thаt іs whеn уоu саn соnstаntlу gеnеrаtе іnсоmе frоm уоur fоrех trаdіng. 7. Іnсrеаsе уоur lot sіzе slоwlу аs уоur trаdіng сараbіlіtіеs іmрrоvе. Yоu mіght wоuld lіkе tо іmрrоvе іt whеn уоu hаvе 30% RОІ (rеturn оn іnvеstmеnt) іn уоur fоrеіgn ехсhаngе trаdіng ассоunt. Rеfеr оссаsіоnаllу tо thе mоnеу mаnаgеmеnt guіdеlіnеs оn thе wау уоu саn slоwlу еsсаlаtіng уоur trаdіng lоt sіzе. 8. Аt thіs mоmеnt оf tіmе, уоu’rе а рrоduсtіvе fоrех trаdеr whеn уоu hаvе rеgulаr іnсоmе strеаms еvеrу mоnth. Yоu dоn’t hаvе tо bесоmе аn іnstіtutіоnаl dеаlеr tо bе suссеssful! Тhе аfоrеmеntіоnеd mау роssіblу sоund unсоmрlісаtеd, but trust mе, іt’s nоt еаsу whаtsоеvеr, оr еlsе whу 95% оr mоrе mеn аnd wоmеn fаіlеd іn fоrеіgn ехсhаngе trаdіng? Whеrе Моst Тrаdеrs Gо Wrоng! They make two major errors, which are: 1. Тhеу еquаtе frеquеnсу оf trаdіng wіth рrоfіts. 2. Тhеу nеvеr bеt еnоugh tо wіn mеаnіngful аmоunts. Іn fоrех trаdіng уоu dоn’t gеt уоur rеwаrd fоr hоw оftеn уоu trаdе; уоu gеt уоur rеwаrd fоr bеіng rіght wіth уоur trаdіng sіgnаls – nоthіng еlsе. Аlsо, іf уоu dо whаt mоst trаdеrs dо аnd rіsk smаll аmоunts like 2 – 5% оf уоur еquіtу уоu wоn’t hаvе hіgh rіsk but уоu wоn’t mаkе muсh еіthеr. То Wіn Dо Тhіs: Fосus оn suрроrt аnd rеsіstаnсе lеvеls thаt аrе соnsіdеrеd vаlіd bу thе mаrkеt – іf thеу brеаk, сhаnсеs аrе thе trеnd wіll соntіnuе. Undеrstаnd thіs: Моst оf thе bіg mоvеs іn сurrеnсу trаdіng оссur frоm nеw Маrkеt hіghs – ΝОТ Маrkеt lоws, sо fоrgеt trуіng tо buу dірs. Таkе а Rіsk: Іf уоu dоn’t lіkе tаkіng rіsks, dоn’t trаdе сurrеnсіеs. Though mоst trаdеrs trу sо hаrd tо аvоіd lose, but thеу surely will. Dоn’t рlасе stорs tо сlоsе аnd trаіl thеm ЅLОWLY – mаkе surе уоu kеер thеm bасk bеhіnd thе mаrkеt nоіsе. Іf уоu саn’t tаkе dірs іn ореn еquіtу, уоu wіll nеvеr еnјоу сurrеnсу trаdіng suссеss – sо gеt usеd tо thеm. Yоu mау sау, thаt’s nоt thе аdvісе І nоrmаllу sее оr іt’s nоt thе nоrm but реrsоnаllу І wоuldn’t wоrrу tоо muсh аbоut аs: 95% оf trаdеrs lоsе аnd fоllоw соnvеntіоnаl аdvісе – thе аbоvе mау nоt bе соnvеntіоnаl but іf уоu’rе а trаdеr whо sіmрlу wаnts tо mаkе mоnеу, уоu wіll undеrstаnd whу іt саn lеаd уоu tо сurrеnсу trаdіng suссеss. http://www.commexfx.com/improve-your-forex-trading-success-in-8-simple-steps/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 5, 2014 Author Report Share Posted December 5, 2014 Learn Forex Trading Learning currency trading is the first step of learning Forex trading. It is a skill, which can be learned and is instructed at the highest level in Forex trading training courses. Every day the market is creating wealth and opportunity for new investors from countries around the globe. The one central quality is that before they invested their hard-earned money, they had spent time to learn Forex trading from its most fundamentals to its most complex strategies. If you think about it, then it only makes sense. Of course, the more you know about something, the more likely you are to obtain success from that. The FX market has no difference- the more knowledge you gain, the more money you are about to make. It has never been easier than it is today, to obtain an exceptional education on the complexities of the market with the many top rated currency classes that are available on the internet. Most of these courses have been in existence for years and during that time, they have had multiple updates and improvements with the most advanced methods used by the professionals to get millions each year. Now, it is fully possible depending on how much you apply yourself to know and more importantly understand how and why the top readers are so profitable. The next step is to open a demo account with a Forex brokerage firm and start practicing everything you have learned. Soon after you find yourself moving into the realm of churning out positive income, you are ready to open a real money account and make real money. Forex training programs can prepare you not only for a new career, but also for a completely new way of life as it increase your financial stability to the point that nobody can take away from you. If you are dedicated and determined then there is nothing that can stand in your way. Learning Forex by enrolling in a currency-trading course is gaining popularity these days. Although these courses differ in terms of topics covered and syllabi, the primary content remain the same. Any forex trading course content can be broadly categorized into six levels. First level – Introductory level: Normally the first introductory part of the Forex course will highlight the benefits of the course to its participants. You can ascertain the course suitability by comparing the course objectives and benefits with your own personal objectives. Second level – Interpreting signals and forex indicators: Correctly interpreting signals and indicators is crucial for making precise trading decision. Interpreting chart patterns, market trends and currency pricing trends is covered in this session of the Forex course. Third level – Factors affecting currency price movements: Price movement in currency market is responsible for profit booking. A number of practical exercises will be given at this stage of learning Forex. Factors, which cause currency, price to change and methods of identifying these will be covered in detail. Fourth level – Technical and Fundamental analysis: Technical and fundamental analysis helps traders to analyze the Forex market before entering into trade deals. Both of these analyses are beneficial in Forex trading and traders usually combine results of both these analyses to base their trading decision. Therefore, it would be worthwhile to enroll for a Forex course that teaches this aspect in detail. Fifth level – Forex trading tools and advice of course conductors: Automated Forex trading tools are very useful in making accurate trading decision. Normally the course lecturers share their personal experiences and methods of trading with the participants at this stage. Method of compiling a trading journal is also covered in this stage. Final level – Forex trading Tips: Trading advice and tips are given to the participants in the last stage of a currency trading course. Forex market trading is no longer the domain of large institutions alone. These days, general people are involving in Forex more and more. Now anyone can simply learn the basic of Forex trading education and start trading profitably in the market. Learning Forex is like learning psychology, you really only learn theories and tests that have been carried out in the past and record these results. The problem with Forex although the market does repeat itself it also can be extremely random making any definite predictions hard to guess. Forex traders are extremely disciplined and patient. They wait for the right trade set up, have a plan in place for their entry, and exit strategy; they do not deviate from this plan. It is the toughest thing in the world to stick with a trade that has suddenly turned against you even though all the signs tell you that it should be going to the right direction eventually. To learn Forex from free information available on the internet is a great opportunity to start from the basics. Before you start to trade using real money, I would advise getting some professional help in the Forex market. http://www.commexfx.com/learn-forex-trading/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 10, 2014 Author Report Share Posted December 10, 2014 Commexfx Careers When it comes to financial services, the employees are the organisation’s greatest asset. Only the human resources can ensure the high quality of our standards. At CommexFX we recognize and value this fact therefore in our pursuit of exceeding excellence, we are constantly seeking to recruit professionals with novel ideas, high determination and ambition to lead the industry with us. Should you feel that you have the necessary qualifications and experience of our available positions do not hesitate to send your CV and cover letter at [email protected]. We will reply to you promptly. Read More http://www.commexfx.com/about-commexfx/careers/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 15, 2014 Author Report Share Posted December 15, 2014 The Art of Effective Forex Trading at the End of the Day by the working class There are various categories of people who are on regular job, but also aspire to be effective traders in Forex apart from their staple work. Hence, they are supposed to handle the trading related to burials only at the end of the day – after the trading session is over. This requires some skills to be inculcated within yourself if you are such an aspiring incumbent. These have certain things related to planning and self discipline as well — to achieve cherished results in Foreign Exchange business. Many people become emotional in dealing with the Forex market while dealing with it at the end of the day — which damages the spirit and also results in loss. The correct steps One should always be objective while doing trading which demands planning and a structured method of acquiring the knowledge first and then participating in the market trading. Proper planning is essential to make yourself accountable for your trading account –which is the hardest portion as your own trading account performance is managed by you and no one to blame if it goes wrong. So first and foremost, it has to be considered as a separate entity if one wants to generate revenue from the account. The Trading account needs to be managed with utmost care to gain in the market. Finally, you should review the account statement everyday before and after analyzing the market price trends and four hour charts pertaining to everyday trading. Forex Trading Attributes If you over analyze the market and push or struggle more towards your speculation to turn true – the more stressed you will be and your trading account will suffer the most.One has to come out of his or her psychological hurdles first before participating in the business field. It is quite important to hold patience if one wants to excel in the Forex business market. In the Forex market, two unavoidable virtues required is patience and confidence which are interrelated. If one can analyze the market with patience and wait for the best price action setup before taking any decision in the market – the result will be in his favor, which in turn will increase your win rate. Continuous increase in win rate will give you confidence to boost up for the right trading pattern. This is how one participates in the market with high accuracy which leads to high confidence resulting increasing success rate. Therefore, it is important for any trader, newcomer or veteran to judge one’s patience level and confidence level before involving oneself in forex trading. Critical elements of Forex trading The critical planning is very important and this is to be incorporated in every day’s trading plan which should be free of emotional hazards and should be totally objective oriented. Few steps are mentioned here. During Strategic entry in the market, the entry point is very important. The Risk associated with trading needs to be analyzed before entering the market. It is important at this stage to know about the Forex position sizing. Exit strategy should be documented or formulated before entering the market and not decided after entering. When you have not entered the trade you are in the best position to formulate the exit plan because you are not pressured by the movement of the trade. http://www.commexfx.com/the-art-of-effective-forex-trading-at-the-end-of-the-day-by-the-working-class/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 16, 2014 Author Report Share Posted December 16, 2014 The Foreign Exchange Market is the best Market to Trade Forex or Foreign Exchange Market is one of the largest financial markets that have a regular volume of approximately 5 trillion dollars per day. The figure combines both dwarfing volume and future markets. Forex is certainly the best market where you can trade. The price in Forex is incredibly stable when compared to the other markets. Traders need not worry about slippage since prices remain stable in all market conditions. Besides these there are various other propelling factors that compel traders to trade in Forex. Duration In the Forex market traders can trade for 24 hours at a stretch since there is no closing bell. Forex markets are open on Sunday, Saturday. Traders like you can enter and exit the market whenever you wish to. Traders can take benefit of 3 different trading sessions while trading at Forex. Prices become extremely uncompetitive due to low liquidity while trading in after hour session. Transaction costs are very low since trading is commission free. Generally the Forex brokers do not take any transaction charges since they are well compensated through various buildings and asking of the currency pair. Forex Market is more transparent when compared with the commodity market. It is pretty simple to comprehend the internal workings of Foreign Exchange Market. Economic reports, news, announcements on the market are widely available. Orders can be executed instantly in case of Forex; retail trading is generally done online through electronic platforms. Speculation The forex market can be easily speculated. Prices tend to shoot up and then touch the average mark. Repetitive patterns of Forex can be easily recognized by the trader. A trader can speculate the market easily since he is an expert in the analysis of price action. There is a general trend of Forex that needs to capture. It is not at all a chaotic or consolidating market. The Forex market lacks the structural bias unlike other markets. Buying and selling is easy with Forex for there is no increased fee of selling short. Forex does not have the bullish bias which makes it easier for the traders to sell short. Traders can trade for 24 hours in the Forex. There is no limit to trading and you as a trader will not be compelled to exit the market simply because the prices crossed the expected level, unlike in a futures market where there is something called ‘limit up’ and ‘limit down’. In order to check volatility the traders are forced to exit the market and cannot even enter new positions. Trading for 24 hours is immensely beneficial for traders. Availability of traders Forex brokers are easily available online. One can start trading at Forex with a meager amount. Demo accounts are easily offered with the help of brokers at Forex markets that permits the trader to examine his trading ideas before risking something substantial. Forex, the decentralized global financial market, is meant for the exchange of various currencies. There are many advantages of trading with Forex. With Forex there is an option of online trading which is highly suitable for the people of the wireless world. Dense liquidity, as a result of huge trading, makes it easier to enter or exit a position. The trading hours are highly flexible with greater scopes to enhance profits with the availability of greater leverages. Forex is an ideal market to trade in. http://www.commexfx.com/the-foreign-exchange-market-is-the-best-market-to-trade/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted December 18, 2014 Author Report Share Posted December 18, 2014 DAILY QUIZ - GUESS THE PRICE OF GOLD AND WIN $50. Guess the price of the Gold at the closing time every day, post it in the comments section of this post and get a chance to win $50. The first person with the closest answer will win $50 in his live trading account. (If this is not your first time participating in the Pocket Money Everyday Competition, you do not have to open a new CommexFX Live account, but you have to refer 2 friends and post your CommexFX live account ID, along with your reply and the NEW CommexFX live account ID of your friends) The fastest, closest answer wins the prize. It's that simple. Contact us in Live Chat > http://*******/1BeStlS *Terms and Conditions apply Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted January 9, 2015 Author Report Share Posted January 9, 2015 Russia Launches Its Golden Ruble The ruble has been severely battered by sliding oil prices and continuously increasing tension in Ukraine. As result, it was capped at the lowest in the last eleven years. It climbed 0.3% and achieved a value of 46.70 per dollar in Moscow resulting in drop of 7.9% in its value in this week. The 7.9% cut in the ruble value is the highest since 2003. Moreover, ten-year bonds issued by Russian Government saw a decline for the third consecutive week. However, the Central Bank of Russia has pledged its willingness to support the ruble by adopting a strategy that indicates the launch of golden ruble by Russia. After a steep decline of 3.7% in the ruble value, the central bank stated that it was ready to launch and enhance foreign-currency interventions and utilize other tools in the financial market to support ruble. This has been triggered by new fighting in Ukraine. Moreover, Brent’s largest retreat during last thirteen years resulted in weighing on the Russia’s assets due to lack of currency intervention policies by the Bank of Russia. It is evident that Russia is going to launch its golden ruble because it has responded to weakening currency by expanding its gold holdings. When plunging oil-prices and international sanctions were pushing the ruble to record low value as discussed above, Russia was adding to its gold holdings by converting its reserves in gold. Nearly 150 metric tons of gold bars have been purchased by the central bank of Russia during 2014 as stated by Elvira Nabiullina, the governor, while talking to lawmakers. The estimated quantity of bullions purchased till September 2014 was only 115 metric tons. Thus, the central bank has added 35 tons of gold during past three months according to the data issued by IMF (International Monetary Fund). Russia purchased over 37 tons of gold during September that is the highest amount purchased per month since 1998. It was stated by Ole Hansen, an official at Saxo Bank in Copenhagen, that gold market has struggled to find any friends in the recent past. However, the news of Russia buying large quantities of gold renders some support to this market. The gold reserves of Russia have tripled since 2005 as it is currently hoarding nearly 1,185 tons. Russian policymakers have been increasing interest rates for last four months in order to control capital outflows and strengthen the currency. The gold hoarding by Russia may be an indication of the plan to launch its golden ruble as Gaddafi, in Libya, had plans to introduce a gold dinar. It would be a single currency made of gold and would ensure fair sharing of wealth. If some nations of the world join together to create the golden ruble, it may rival the euro and dollar. The trade between the allies may occur in golden ruble. The launch of golden ruble may shift the financial balance of the globe. After this launch, the wealth of a country would depend on its gold hoardings instead of dollars and Russia has the fifth largest gold reserves at the moment. http://www.commexfx.com/russia-launches-its-golden-ruble/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted January 23, 2015 Author Report Share Posted January 23, 2015 CommexFX Trade Mate App makes trading easier than ever With our years of experience in trading, at CommexFX we see the challenges of trading on a daily basis, and they mainly lay in the complexity of market analysis and price predictions. Both novice and professional traders can make great use of some help to ease their trading, hence comes our new partnership with Trade Mate to present you with the CommexFX Trade Mate Application, designed with our traders’ best interest in mind. Trade Mate was specifically created to eliminate the challenge of analysing markets, instead users of the app need to concentrate on no more than the actual trading process for they will receive daily market predictions on all financial instruments before the market’s open. The application draws on over seven years of testing in simulated and live trading environments allowing the delivery of predictions with a 77-95 percent accuracy rate. Trade Mate does not stop at simple market prediction;, users of the application will receive an expected high and low for each financial instrument, predicted market positions, assessment of the predictions and tactical trades against actual data, and the best opportunities with the highest accuracy level to trade on will be flagged with a ‘Thumb Up’ icon to notify you of your best chances for a successful trading session. CommexFX Trade Mate App was created and designed with utmost accuracy, all the predictions and tactical trades are furthermore reviewed and assessed against actual market data as it happens, predictions and trade suggestions are cross verified against time and sales settled orders to show total transparency of the success rate of the predictions. Every product in the app’s predictions is analysed across numerous markets, time frames and types of trades involved. Lastly Trade Mate predictions are evaluated the following day against actual market data to further assess our success rates. Through all these comprehensive assessment methods the app ensures credibility, durability and the promise to constantly deliver the best and most accurate predictions to enhance your trading. It’s time for every trader to lose all the stress and worry caused by the constant need of market analysis. It’s easy to do so by trusting Trade Mate to guide you in the right trading direction on a daily basis. Trading will be easier and more successful than ever with CommexFX Trade Mate Application. http://www.commexfx.com/commexfx-trade-mate-app-makes-trading-easier-than-ever/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted January 28, 2015 Author Report Share Posted January 28, 2015 BRICS and the USD The annual summit of BRICS is always accompanied by a lot of discussions about the changes in the current system of global economy which is currently dominated by the US dollar. However, the recent meeting of BRICS leaders announced two concrete steps to signal the end of the USD hegemony in the international trade. The foremost is the establishment of $100 billion fund to compete with the International Monetary Fund and the other step is to create a development bank with initial capital of $50 billion. The BRICS countries are gaining more economic power with the passage of time but they need more political callout to match it. The financial system established and supported by western powers and dominated by the USD. Under the current financial system the BRICS have to trade in the unstable USD. As a result, their economies keep on swinging with the fluctuations in the USD. From the perspective of forex traders, it is vital to know the extent to which the BRICS will affect the USD in the foreseeable future in order to make safer deals. It has been argued that the current financial system is outdated and ill-suited for the future economic powers. As you know, the forex trade is the way currency exchange rates are established and set. The BRICS are trying to trade in currencies other than USD. This practice can alter the current balance in international trade that, in turn, will affect the forex trade. In addition to the development bank and a pool of $100 billion reserves, the BRICS are making a series of currency related agreements to gain control over the financial imbalances involving developing countries. Currently this function is being performed by the IMF. Russia, one of the two economic giants in the BRICS, has recently announced that it is looking to sell its petroleum and gas products for rubles because of the damage done by dollar monopoly in the global energy trade. On the other hand, China is looking to establish its currency ‘Yuan’ as the currency for international trade and has achieved success to some extent. Therefore, the USD is expected to be affected by these moves in future. The close association of BRICS may accelerate the process as their economic power increases in near future. The clear indications from Russia to shift away from the USD provide a clear insight into prospective impacts of BRICS on the USD. This process has been enhanced by the US and the European sanctions against different countries because they readily accept to trade in the regional currencies. Another crucial element in this regard is the strong economic alliance between BRICS countries. As far as the impacts of BRICS on USD is concerned, it has the financial power and influence to establish a currency that can challenge the USD as an alternative for international trade. However, ground realities show a complicated and problematic scenario to make it happen as the BRICS are not ready to commit the necessary resources for this purpose. http://www.commexfx.com/brics-and-the-usd/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 2, 2015 Author Report Share Posted February 2, 2015 Profitable Forex Strategies and Techniques Most Easily Adaptable but Profitable Forex Strategies and Techniques Due to the extremely high chance of making thousands of dollars within few hours, large and large numbers of people are becoming part of the Forex Market on daily basis. However, not all of these new entrants get the success. Not even the experienced traders get it quickly. The key to success in Forex market is to come up with profitable Forex strategies and techniques to make the money. Above all, people are required to be the patient throughout their experience as a Forex trader. There are only few financial partners doing their businesses in Forex Market by providing the clients with best risk management and strategies to invest their money through. What are Profitable Forex Strategies and Techniques? It is not easy for a beginner or even an experienced person to carry out the Forex transactions in profit. A reliable financial partner like CommexFX is always required to get the guidance from. Following techniques and strategies are helping almost all the people in Forex market for their universal nature. Be Patient While Setting Goals It is not like you enter the Forex market and start earning from the very first day. You might get to see some profits in starting moments of your experience. But these will not long last as Forex market keeps on changing the rates all the times. So it is necessary for an investor to remain patient throughout his or her Forex experience and must get the offers from the platforms like CommexFX. Analyze the Situation Well It is essential for the investors to analyze the market trends both technically and fundamentally. This analysis cannot be done by inexperienced individuals and services of the famous brokers are always required. These professionals let the people know about the profitable Forex strategies and techniques and help them to turn the impossibilities into possibilities. http://www.commexfx.com/profitable-forex-strategies-and-techniques/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 4, 2015 Author Report Share Posted February 4, 2015 Best Forex Risk Management Strategies in Forex Trade How to Get Best Forex Risk Management Strategies in Forex Trade? On one side where Forex Market provides the people with a daily trading volume of about three trillion dollars, then on the other hand it may cause huge losses too. One has to come up with a very smart Forex risk management strategy in order to earn money successfully. However, one cannot earn the money or can get the profits all the time in his/her every single move. This is a platform where one has to deal with the risk in order to get the profits. It is all about winning or losing in this trade. But how to come up with the portfolios that provide the best risk strategy is based on the experience of investors and traders. Role of Brokers in Forex Risk Management A financial partner or a broker can be as beneficial as your true friend, and it can be as bad as your worst enemy. All that an investor is required to do here is to look for the most reliable and trustworthy financial partner. They must look for the one that has earned the best repute in the Forex trade market. A partner like the CommexFX makes your Forex trading very easy and beneficial for you. It becomes easier for the individuals to trade in the Forex market on the basis of suggestions by these brokers. Best Investment Portfolio by Brokers There would be no exaggeration in saying that an individual with a fresh exposure to Forex trading cannot make up the best portfolio for the investments. Financial partners like CommexFX provide the people with best Forex risk management strategies that turn out to be very successful even after the major decisions by leading contributors. At one point, if you lose in one currency, but you get the huge profits in the other that your net profits come out to be huge in the end. http://www.commexfx.com/best-forex-risk-management-strategies-in-forex-trade/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 5, 2015 Author Report Share Posted February 5, 2015 FX Trading Account Role of Financial Partners in Opening an FX Trading Account Forex Market has been the world’s largest market for the trade of currencies from all over the world. With a trading volume of almost three trillions per day, this platform provides many facilities to the investors and traders that are a part of this market. However, it provides the people with a chance to start their trading experience with a practice FX trading Account through which they lose nothing and learn the skills of trading successfully in various scenarios. People can get these practices account opened with the Forex Market and can get to know the trends of market at different times. Where to Open FX Trading Account? People can get the FX trading account on their individual basis as well. However, they are always recommended to open an account with a reliable broker dealing in this market so that it may guide them at times. CommexFx is the best financial partner in this regard for the traders of the Forex market. The strategies and policies adopted by this firm have always been proving successful for many years. People can get their accounts opened through CommexFx in order to get the safe investment strategies and portfolios. Requirements for Account There is only the basic information required in order to get an FX trading account. One does not have to go into any sort of complexity during this. Especially this process becomes much easier when you get the assistance from a reliable broker or financial partner. Your financial partner like CommexFx recommends you the size of initial investment by you. Moreover, it helps in getting the maximum leverage that will be suitable for your investments. In this way, a financial partner in the Forex Market helps you right from the beginning. People are always recommended to get their trading accounts opened through CommexFx for safe and profitable transactions in Forex Trade. http://www.commexfx.com/fx-trading-account/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 11, 2015 Author Report Share Posted February 11, 2015 What Do the Term Bulls and Bears Mean? Bulls and bears are very common terms that one may get to hear during the trade in Forex market. A bullish trend refers to the increasing prices of one currency or in the overall market. On the other side, the bears refer to the currencies that are experiencing the decline in their prices due to small volume of trade. People can make advantages of trading in these bulls and bears by making the investments at right time. CommexFx has been providing the assistance to the people for many years in identification of bulls and bears in the market. What Are Bulls And Bears and How To Identify Them in Forex Market? Forex market is where providing the investors and brokers with huge profits against minor investments, then on the other side it is also making the sluggish people go penniless. In such a vigilant and competitive environment, one has to be very active all the time to watch for the bulls and bears in the market trends of the Forex market. To identify such trends in either the whole market or in any of its sector, one has to be in contact with his broker on frequent basis. Role of Financial Partners in Identifying Bulls and Bears It is not easy for the people belonging to different fields of the life to monitor the market trends all the time. They have to manage their chores as well and this might make them lose some potential profits that could have been made in few moments of the day. This is what your reliable financial partner just like CommexFx does for you. It lets you know instantly whenever it happens to be a chance to earn profits by trading in various currencies. Their role is to identify the bulls and bears in the market and take advantage of these trends by taking appropriate measures. http://www.commexfx.com/what-do-the-term-bulls-and-bears-mean/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 12, 2015 Author Report Share Posted February 12, 2015 ECN Forex Brokers with MT4 What Makes Investors Choose ECN Forex Brokers With Mt4? Forex market is now becoming the point of focus of almost every person who intends to invest his money in securities and capital as well as in money market. Being the largest money market, Forex market offers the people with extremely convenient platforms and facilities like ECN Forex brokers with MT4. A large number of brokers are listed on this platform that and are offering their clients with transparent, clear, and extensive information to take the investment decisions with confidence. Characteristics of ECN Forex Brokers with MT4 There are large numbers of traits that are linked with the brokers belonging to this category. These brokers make the information readily available to the people in their clientele. Even all of the offers and asking or bidding prices made by the investors are made accessible to all the members of this category. Anyone can get to see the information and can make appropriate decision based on the information available on this. In this way, all the investors linked with the ECN Forex Brokers with MT4 can avail the freely available information which plays a pivotal role in risk management and decision making. Advantages of ECN Forex Brokers with MT4 Forex trade is not that easy to do as it may seem to be. One has to be very vigilant in order to reap the advantages from this platform. However, if you are associated with any of ECN Forex brokers with MT4, then you can really make this experience exciting for you. One such broker is the CommexFx that makes the trading experience of investors wonderful. All the investors that are registered with the CommexFx can make the decisions after the guidance and support of this financial partner. This is a strong recommendation to all the people to open up their accounts with CommexFx in order to feel the differentiating advantages in this field. http://www.commexfx.com/ecn-forex-brokers-with-mt4/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 12, 2015 Author Report Share Posted February 12, 2015 Demo Trading Account Outstanding Benefits and Minimal Requirements of Demo Trading Account With the rising fame of the Forex trade, there are large numbers of people that are getting the practice for this trade by using demo trading account. Forex market provides the individuals with all the resources to make them perfect for the online Forex trade. For this purpose, it has allowed a large number of official financial partners like CommexFx to let their clients start with a free demo account for Forex trade. Utilizing the facility of this account, one can become a professional trader and investor by updating him or her-self with market trends all the time. Why One Must Use Demo Trading Account? Mentioned below are large numbers of the benefits that are associated with the demo trading accounts: • One is not required to invest his/her money. • Can be opened for free with leading brokers. • These provide the people to observe the market trends. • Buying and selling prices can be seen live. • One gets the experience of Forex trading without investing a single penny. • One can trade 24 hours a day throughout the 5 working days of Forex trade. • It provides the people with up to $100,000 of virtual money. Requirements of Demo Trading Account: In order to open up a demo trading account with the leading financial partners in Forex market, one has to provide only the basic information. There are no hard and fast rules for signing up with Forex market through demo accounts. However, in order to get the best practices and skills, one is suggested to get the demo trading account opened with a reliable and trustworthy financial partner like CommexFx. Such a reliable financial partner makes the trading experience memorable with the best strategy formulation to cope with the risk. In this way, one not only gets the access to the largest money market in the world, but also gets the hands on in developing the best risk management strategies. http://www.commexfx.com/demo-trading-account/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 13, 2015 Author Report Share Posted February 13, 2015 Automated Forex System Trading What Is Automated Forex System Trading And How Is It Beneficial? Forex trading is now providing the millions of people with an automated Forex system trading in which people can utilize a pre-programmed trading system for their Forex trade. There are large numbers of advantages that can be availed with these automated trading systems in Forex market. However, before going for an automated trading system, one has to understand how it works. Concept of Automated Forex System Trading An automated Forex system trading is the trading in Forex market that is executed on the basis of computerized programs. These programs are designed and developed on the basis of best strategies for the trading. One can get this program developed according to his or her own trading approach. This would be a customized automated trading in Forex market. On the other hand, one can also get the pre-programmed automated systems that can be installed on the computer. These automated systems can run on the basis of robotic Forex trading. In addition to this, these programs can also be designed on the basis of signal based trading. Advantages of Automated Forex System Trading Investors can reap the numerous advantages out of these automated trading systems for their online Forex trade. These trading systems keep the people in touch with the largest money market all the time through their computers. Moreover, on the basis of automated Forex system trading, large numbers of trading transactions can be made that are unable to carry out otherwise. It signals the people with best offers and strategies that can be taken on for profitable investment decisions. CommexFx is the best and reliable entity that provides the best automated systems to its clients. However, there are likely chances of a fraudulent trade as well through these automated trading systems. But still, people can take the advantages and make the money online with the help of these automated trading systems in the Forex trade. http://www.commexfx.com/automated-forex-system-trading/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 13, 2015 Author Report Share Posted February 13, 2015 What is Stop Losss What Is Stop Loss – A Brief Introduction to Stop Losses and Their Utilization Online Forex trade is not only about making the money in short time, but also it entails the best risk management strategies to shield you against the potential losses. Whatever your investment size is, Forex trade provides you with the equal opportunities to get the controlled risks and benefits in order to be on the safe side. You might be thinking about what is stop loss in this regard. Stop loss is one such strategy offered by the Forex trade that allows the investors to cap their maximum level of loss that they can bear. Just like the take-order strategy, this strategy is also widely used by millions of traders and investors in foreign exchange market. What is Stop Loss and How It’s Beneficial? There are large numbers of people that are asking about the meaning of stop loss and its utility in the foreign exchange. A stop loss is the risk minimization strategy that allows the people to put a defined limit for the maximum loss that they are ready to bear. For example, if an investor trades USD/JPY at 109.5674. Then he can put a minimal limit of 107.4500 for the execution of the order without letting it go further down. In this way, an investor puts a limit on the amount of losses he or she is willing to bear against any order. Role of Financial Brokers If you are the one who has the question “what is stop loss?” in your mind then you must get the professional assistance from entities like CommexFx. CommexFx provides the investors and its clients with exceptional services for their risk management strategies. It lets them know the best investment portfolio suitable for them, the best risk tolerance level for them, and the threshold points for the execution of the order. This threshold point defines the suitable combination for the profits as well as losses of an investor. http://www.commexfx.com/what-is-stop-loss/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 16, 2015 Author Report Share Posted February 16, 2015 Foreign Exchange Trading Platforms What Are Characteristics Of Best Foreign Exchange Trading Platforms? In order to give boost to the monthly income, many salaried individuals are now investing their money in Forex trade. The reason of this investment is that Forex trade is providing the people with an absolute platform to generate the money with the small amounts. However, one has to be very careful and cautious in doing this trade as it may drain all the resources if one does not monitor its trends regularly. There are great numbers of foreign exchange trading platformsthat provide the people with facility of conducting the Forex trade through proper channel. Important factors related to foreign exchange trading platforms: In order to start the foreign trade, one has to look for some of the outstanding characteristics in the platform that one chooses for him. Following are the important factors that one is required to give attention to before choosing the one: • If is it free to avail? What are the additional features it provides after charging any sort of fee? • Technical indicators it offers. • Interface for the orders and types of orders that are made available to all. • Does it support back testing the strategies? • Has it API for the additional programming? • Does it provide the historical data as well? Why to Look for the Best Foreign Exchange Trading Platforms? On the basis of above mentioned characteristics, one has to select the best platform to carry out the Forex transactions most effectively and profitably. CommexFx, in this regard, makes the bestforeign exchange trading platforms available to its clients. One can open up his or her account with CommexFx so as to get the best financial partners for their online trade in this market. In this way, one can not only give boost to his or her earnings but also can get the best returns out of the savings that he or she possesses. http://www.commexfx.com/foreign-exchange-trading-platforms/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 17, 2015 Author Report Share Posted February 17, 2015 ECN/STP forex broker The foreign exchange market is the decentralized market, where different currencies of different countries are traded. The forex market is increasing at the high pace, because of the less volatility than other type of markets like stock and commodity market. The major players in this market are large commercial banks and it also function as the market makers in the forex market, so it is also known as the interbank market. Small players do not have enough access with the interbank market, so the forex brokers helps them to directly connect with the real market to trade with the best competitive bid/ask rates. Thus the forex brokers use two types of models that are ECN (Electronic communication network) and STP (Straight through processing) and are also known as the ECN and STP broker respectively. Both are also known as the non dealing desk, as there is no intervention and the broker can place their client orders without any hindrance. The ECN broker uses the electronic system, where the quotes from their clients are directly displayed to the market, where all other traders are also trading with each other. The ECN brokers just matched the quotes from their clients with various liquidity providers who are connected to the network and process it. This gives the client to trade on the real market prices, thus there is no chance of arbitrage. So, the ECN brokers earn profits only from the commission charged to the user of the network. There are some fixed commissions per transaction, so more the trading volume by their client, more commission ECN brokers will get. The STP brokers are somewhat similar to the ECN brokers with the very slight differences. On receiving the orders from their clients, the STP brokers will place this orders to the liquid providers. Now here the different STP brokers are connected to the different liquid providers, so getting access to the limited liquid providers. Such brokers earn profits by charging commission and increasing the spread. The brokers increase the pip of the bid/ask quotes given by their liquid provider by few points and place this quotes to the client, and thus the difference between the pip of liquid providers and the broker is brokers profit. There are various ECN and STP brokerage companies across the world and each brokerage company has different schemes and programs. There is the quite noticeable difference in the commission rates between different ECN and STP brokers. So select the brokers, where you can get more benefits. The selection of brokers is very tricky, as all STP and ECN brokers are not genuine. Some brokers route their client orders to the artificial market, instead of the real market. So, there is the need of proper research and have to go through the reviews of the company and whether they are using such models before starting with them. You can go with either ECN or STP brokers depending on your requirements, as both are having their own benefits. http://www.commexfx.com/ecnstp-forex-broker/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 18, 2015 Author Report Share Posted February 18, 2015 Choosing a Forex Trading Platform Nearly twenty years ago, there was only one trading platform: ‘The Phone’. Trading was not difficult. All you had to do was pick up the phone, call your broker and tell him what you would like to trade. Currencies, stocks, bonds and commodities; all the investment type trades were done through this approach. Fast forward two decades, and the scenario is different. Brokers are still around, however the platform has changed – now the whole thing is done online through software called ‘trading platforms’. With a large number of brokers and alternatives available, it can be a difficult to find the right one. There is a great variety of forex trading platforms and choosing the right one is quite difficult for beginners. However, you have to consider quite a few factors before diving into markets, mostly when you are a beginner. Let’s discuss about the options. MetaTrader 4 and MetaTrader5 MetaTrader is an electronic trading platform generally used by online retail foreign exchange traders. Built by MetaQuotes, a Russian company, back in the early 2000’s, the several versions of MetaTrader have made reliable followings among forex traders. MetaTrader4 is the most popular trading platform in the industry right now for a couple of reasons. First, MT4 is powerful but comparatively easy to use, and there are thousands of YouTube videos presenting how to make use of it. Next, MT4 permits you to employ custom trading indicators and program to trade automatically, making it very popular among active traders and those looking for auto-trading signals. As MetaTrader4 is surely a good platform to trade on and has an extremely large number of users, it is not without its problems. Basically, the infrastructure of MT4 platform itself is getting older – although MetaQuotes often updates the software, it is considering a decade old and the latest MetaTrader5 has yet to see extensive adoption among brokers. MetaTrader is not supposed to be your best option if you never think of using automated trading. However, if you want a simple, flexible, handy trading platform with lots of useful indicators and trading tools accessible for free, MT4 is a better way to go. C Trader A latest competitor to the world of forex trading platforms is cTrader, another broker agnostic platform. Although not almost as extensive as the MetaTrader platforms, cTrader is popular among more trendy traders mostly because it possesses faster execution times than MT4, has a professional and apparent interface, and because it shows what’s called ‘liquidity in second tier’. In the MT4 platform only one price for a particular currency pair is displayed. That price is the best offered price for a selected pair. With second tier liquidity you can get not only the best offered price, but also the second and third available price. This ensures more simplicity into the marketplace and is effective when opening large orders. C Trader is gaining steam in the forex industry and is certainly a solid platform, but it is only been accepted by a small number of brokers. If you are in search of a platform that provides a good selection of useful trading tools, multi-tiered liquidity, and fast execution, cTrader should obviously be a best choice for your forex trading platforms. If you are more concerned in automated trading, or if you don’t do technical analysis effectively while trading, cTrader is perhaps going to be overkill. Now What? So now you have it – a swift rundown of just a couple of the dozens of forex trading platforms out there. Now, whether you are a novice trader or an old professional, industry standard platforms like MT4 are always an excellent platform to trade. If you want more powerful and more sophisticated pricing, you may want to consider something like C Trader. http://www.commexfx.com/choosing-forex-trading-platform/ Quote Link to comment Share on other sites More sharing options...
bhinder1713006680 Posted February 19, 2015 Author Report Share Posted February 19, 2015 Forex Trading Education: Things you should know How difficult is it to generate profits while trading the Forex market? How many days does it take to really be able to make earnings trading the Forex market? In this article we will try to shed light on some of the most important aspects of Forex trading. Trading the Forex market has many advantages over other financial markets, among the most significant are: 24hrs market, high liquidity, better execution, and others. Investors and traders find the Forex market as a new diversifying opportunity because of these advantages. Does this signify that it is easy to earn money trading the Forex Market? The answer is not at all. Forex brokers have the same opinion that 90% of traders end up losing capital, 5% of traders end up at break even and only 5% of them get consistent profitable results. With this information given, I do not think trading to be a simple task. However, is it difficult to master any other endeavor? I do not think so, suppose writers, musicians, or even other industries, the success rates are about the same. So, now that we know it is difficult to gain consistent profitable results, a must question would be, Why is it that some traders are successful while others fail to trade profitably in the Forex market? There is no complicated answer to this question, or a guideline to follow to achieve regular profitable results. What we all do know is that successful traders think in a different manner. That is right; they do not go after the crowd, although they are an independent part of the crowd. A few things that divide the Successful traders from the rest are: Education: They are splendidly educated in the matter; they have preferred to learn every single and significant aspect of forex trading. The successful traders know that each and every trade is a learning experience. Forex trading system: Successful traders have an effective forex trading system. They have the patience to follow it accurately, because they know that only the trades that are followed by a good system have a better rate of success. Price actions trading: They have included price actions into their trading strategy. They know price action has the power. Money management: Everyone knows that money management in forex trading is a significant aspect of success. After all, you cannot be successful without funds in your trading account. Trading psychology: Successful traders are aware of every psychological matter that affects the decisions while trading in the market. They have accepted the reality that every single trade has two possible results, not just the winning side. These are the most significant aspects that influence the success rate of Forex traders. We realize now that it is quite difficult to gain profits trading the Forex market, but it is not impossible. We also talked about the most significant factors that influence the rate of success of Forex traders. However, how much time does it take to get consistent profitable results? It fluctuates from trader to trader. For some, it may perhaps take a life time, and they still won’t get the desired results, for some others, one or two years are enough to obtain consistent profitable results. The answer to this question may vary, but what I would like to make clear here is that trading profitably is a development, it is not something you can do in a short period of time. Trading effectively is no easy task; it is a development and could take years to get the desired results. There are a few things; however, every trader should take in consideration that could accelerate the process: having an effective trading system, education, using money management properly, being conscious of psychological matters and discipline to follow your trading strategies and your trading plan, among others. Read More : http://www.commexfx.com/forex-trading-education-things-know/ Quote Link to comment Share on other sites More sharing options...
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