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- jackal2 replied Mar 10, 2010
This maybe are the simple things that are needed in trading forex, but it's worth to give notice to it. Sometimes small things make difference.
- jackal2 replied Mar 10, 2010
Another thing that is needed is the capital. When you wanted to learn forex, you have to spend your money, paying your DSL, PLDT, Broadband or other kind of internet connections. Even though downloading a demo account is free, you still need money ...
- jackal2 replied Mar 10, 2010
Primary Needs There are few people who really know Forex trade, others knew it as simply as foreign exchange. Forex was became known to private individuals not until the late 90's. Forex before was a form of trade that only the banks and big ...
- jackal2 replied Mar 10, 2010
When you trade without money management rules, you are in fact gambling. You are not looking at the long term return on your investment. Instead you are ONLY looking for that “jackpot”. Money management rules will not only protect us, but they will ...
- jackal2 replied Mar 10, 2010
Sad to hear that some traders are so stuck with their trade and sacrifice their family's well-being just to be in the trade. They simply determine how much they can stomach to lose in a single trade and hit the “trade” button. There’s a term for ...
- jackal2 replied Mar 10, 2010
"Money Management" It is a paradox, but its the real thing. Some traders overlooked this because of one reason "GREED". I read one of the forums, someone wrote about his losses in the trade that makes his life miserable. And this is because of the ...
- jackal2 replied Mar 4, 2010
Well, anyway, no matter what they call it, for me it's still a strategy. Some traders spend their time looking for this so called holy grail, but it's not only on the strategy. A successful trader has the all-in-one formula why did they became ...
- jackal2 replied Mar 4, 2010
Arguments are in the air, when I am reading this particular thread talking about the "holy grail" thing. I was trying to weigh which is the real from not real. I am also curious where did they get the name as holy grail. Making me confused. After I ...
- jackal2 replied Mar 4, 2010
Holy Grail? What is the connection of the holy grail with forex. Well, it's not what you are thinking. In forex, holy grail is somewhat a perfect strategy in a trade, having this strategy will lead you to gaining pips. Other traders says that holy ...
- jackal2 replied Mar 3, 2010
6. December and Summer Holidays. Banks tend to trade the Forex markets at least once a day for balance sheet reasons and can also trade a number of times throughout the day for speculation reasons. You got to keep your body in prime fighting ...
- jackal2 replied Mar 3, 2010
5. Market close/open. Good idea to avoid these or be wary around these times. At market close a number of trading positions are being closed. This will lead to volatility in the currency markets and can cause the price to move erratically. The same ...
- jackal2 replied Mar 3, 2010
4. Weekends. It’s not advisable to hold trades over the weekend, unless your method is a long term strategy which specifically involves holding trades for longer time frames, such as weeks or months.
- jackal2 replied Mar 3, 2010
3. Erratic Periods. There will be times where a currency is moving differently from normal. Perhaps it’s spiking and you don’t know why. This is a good time to stay out of the market. If you don’t understand why it’s moving like this then it’s ...
- jackal2 replied Mar 3, 2010
2. News. These can be found, in advance, in a number of places but the most popular one seems to be the Forex Calendar, provided by Forex Factory. It’s not a good idea to trade, for the hour before or after the news.
- jackal2 replied Mar 3, 2010
Yesterday I wrote about the personal reasons why a trader should not trade. Now, were going to see what the market reasons not to trade are. 1. Bank Holidays. These are scheduled and there is nothing you can do about it, since Banks serve as the ...
- jackal2 replied Mar 2, 2010
3. Emotional times. If something emotional has happened, and you can’t be subjective, then do not trade. Before you trade, make sure you are emotional stable. Don't trade when bad things happened with you because this will affect the way you trade. ...
- jackal2 replied Mar 2, 2010
2. Get rid of all distractions. Whatever your other businesses are, provide a time for your trade. To avoid distractions from outside factors, such as the sounds of vehicles (if you live along the road), the loud music of your neighbor and so on and ...
- jackal2 replied Mar 2, 2010
1. Do not trade while drunk. If you really want to gain pips, you have to avoid liquors before you take the trade. Sounds funny, but some traders do this. So think twice, never mind those martini, vodka, tequila or whatsoever liquor you have their ...
- jackal2 replied Mar 2, 2010
"Personal reasons not to trade" There is one main reason why traders go for a trade,and that is to gain profit. But there are reasons why traders should not trade, either of this two. Personal or Market Reasons. Let's see what the personal reasons ...
- jackal2 replied Mar 2, 2010
Sometimes traders forgot to do this and are sometimes neglected; they forgot to balance their lifestyle. Don't underestimate your trades, but do not forget to smile and laugh. When you lose in the trade, laugh it out, when you win in the trade, then ...