The foreign exchange, or forex, market is a virtual trading place where dealers buy and sell currencies. Deals at today's price are called the "spot" market and bets can also be made on forward exchange rates. In all, $5.3 trillion was traded per ...

what is happening in the market?

I define financial leverage as the process of borrowing capital to make an investment, with the expectation that the profits made from the investment will be greater than the interest on the debt. But this is not happening all the time. Because many ...

Is it good use high or low leverage as a beginner?

Traders with “attitudes” in my experience are rarely successful. Attitudes of negativity, critical, “they are always out to get me,” stubbornness and just a general sense of sourness in one’s approach to life – can be limiting as a trader. If you ...

Forex - Tips for happy trading

You should choose a broker who can give you direct access to interbank forex trading quotes, no hidden price spreads, no markups, just transparent low commissions. No hidden price spreading, no markup, no kickbacks. Just the combination of real time ...

broker for newbie

In forex your income potential is also determined by your personality and the strategies you use. Income potential is also based on volatility in the market. The scenarios below assume a certain number of trades each day, with a certain risk and ...

Nail small amount everyday?

Forex ECN (Electronic Communication Network) is a technology that allows the trader to be able to deal directly through the Straight Through Processing forex system to the various liquidator providers as the major banks and international financial ...

Traderway spike on charts

Percentage of wealthy foreign exchange trader is not huge, because many forex traders failed to reach the notch of forex trading. But less amount of traders who can make that way they are very much wealthy. We can see documentaries in YouTube about ...

Has anyone become wealthy from forex?

The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. All the world's combined stock markets don't even come close to this. But what does that mean to you? You must need to ...

I'm new Heeeeeelp

Your chances of becoming successful are greatly reduced below a minimum starting capital. It becomes impossible to mitigate the effects of leverage on too small an account. Low leverage with proper capitalization allows you to realize losses that ...

Is it good use high or low leverage as a beginner?

1k = 10 cents / pip = 1 micro lot. 10k = $1/pip = 1 mini lot or 10 micro lots. 100k = $10/pip = 1 standard lot or 10 mini or 100 micro lots. Micro, mini, and standard accounts all allow you to do $10/pip. Micro and Mini allow you to do less which is ...

Mini Account vs Micro Account

A trading system is more than just having a rule or set of rules for when to enter and when to exit a trade. When trading the markets, your first priority is to take a look at yourself and note your own personality traits. Examine your strengths and ...

10 Rules for Traders

Take the time to work out what you need to do to hit your target, and then get out the megaphone. Make yourself accountable to everyone willing to listen. Promising your results makes it that much more likely you will push forward in completing the ...

New to forex Tips and Advice

When leverage works, it magnifies your gains substantially. Your head gets big and you think you’re the greatest trader that has ever lived. But leverage can also work against you. The more leverage you use, the less “breathing room” you have for ...

What leverage is best for a newbie?

Success within the world of forex trading is anything but a given, as risk is located around every turn. That being said, you should never let the potential risks associated with forex trading deter you from viewing it as a viable form of investing. ...

How did you find success?

A trading plan is a written set of rules that specifies a trader's entry, exit and money management criteria. Using a trading plan allows traders to do this, although it is a time consuming endeavor. In order to be successful, one must approach ...

Rules of Successful trader

Accept the possibility of losing your money as an inevitable fact. Every beginner trader should be aware that no one is safe from losses in the currency market. The basic rule of online currency trading is to keep the profit above the losses. Do not ...

New To Forex and Need Advice!