Author Archive
Setting Up Forex Orders For Hands-Off Profits
Forex trading can be fun and lucrative, but if not done properly, it can also take more time than you have to manage it. In order to have your Forex trades managed the way you want them to be, you can set up Forex orders. These orders will request that your broker buy, sell or […]
Margin Trading Revealed - How to Make Real Money With Forex
How is it possible to make real money by trading in the Forex market? Two words: Margin Trading. Margin trading is trading using borrowed money.
As you recall from part one, Forex is traded in lots, usually of $100,000. So you cannot for instance, purchase a hundred, or even five hundred units of any given currency. […]
Making Sense of Forex Quotes and Pips
Forex quotes are always listed in pairs, these quotes reflect the exchange rates of the currencies. These pairs look like this: GBP/USD = 1.9714. The currency listed first is known as the base currency (being the base of the trade), the second is called the counter, or quote currency.
All well and good, but what […]
A Simple Introduction to Forex Trading
Short for Foreign (currency) Exchange, Forex is the world’s biggest market for trading in currencies. As much as 2 trillion US dollars worth of currency are traded on the Forex on a daily basis. Compare this with the approximately 25 million US dollars traded on the NYSE and you’ll get the picture - Forex is […]
How Forex Trading Works, In Plain English
The easiest way to illustrate how Forex trading works is to show some currency value fluctuations over the long term.
For instance, this list shows the difference in value of the US Dollar (USD) against the UK Pound (GBP) on Nov 30 your the years 2004, 2005 and 2006.
Year USD GBP
2004 1.91 1.00
2005 1.73 1.00
2006 1.97 1.00
Now let’s say that you bought 1,000 […]
The Dangers of Trading Forex
One thing to be kept in mind if you are thinking of getting into Forex trading - this is a business, and should be treated as such. Forex trading is NOT gambling, and you should never trade with money you cannot afford to lose. This is the most important principle of Forex trading. Don’t trade […]
How to Develop Your Own Profitable Forex Trading System
If you do an Internet search on the keywords “Forex trading systems”, just about any search engine is going to bring up every conceivable scheme under the sun as to what makes the perfect trading system.
Most of these are scams that state you can make big profits every day, and they also promise that […]
How to Manage Your Forex Trading Money For Maximum Profit
Before you begin to Forex trading, you need to learn the basics of money management first. One of the things you need to do is to decide how much money you can afford to lose on a single trade, but just as importantly, you need to have a system set up that you decide you’re […]
