Four Habits of Successful Currency Traders
Forex trading is one of the most exciting ventures you can undertake in today’s financial markets. There’s an allure of uniqueness to this business, owed to the lack of any supervisory entities, geographical dispersion and the fair competition that it offers. But there is more to forex than simply trading one currency for another. Though that is the foundation of it all, the specifics of how everything works are more complicated.
Introduction to Pending Orders and Trailing Stop in Forex TradingUse of Pending Orders & Trailing Stops is one of the basic strategies in Foreign Exchange (Forex) market. You need not to sit in front of computer screen 18 hours a day if you are good enough to make use of these two tools which are available in MT4 software.
Understanding Elliot Wave (EW) PatternsAnalysis and inference through the chart patterns is one of the most complex but successful strategies used by some traders. There are different trading systems that are based on the chart pattern analysis; Elliot Impulsive & Correction Waves Pattern, founded by R.N. Elliott, is perhaps the easiest among all such systems. Let us have an in-depth view of this system.
Online Trading – What You Should Know As A BeginnerAre you interested in the financial markets, such as day trading, stocks indices or forex? If yes, you should gather some knowledge about online trading.
Gold Appears Vulnerable, Eyes $1307Gold has closed with a large bearish engulfing candle below the major 76.4% fib level resistance which shows considerable downside risk. The yellow metal is expected to continue the slide up to $1307 an ounce or even below amid Fed tapering optimism.
Things You Should Know About Online Brokerage FirmsOnline brokerage firms have gained significant ground thanks to the growing interest in trading. With a market base that is predominantly European and Asian, the services have grown in reputation, and attracted a new range of small scale investors.
Introduction to the Currency MarketIn this article I show some of the essential aspects of the foreign exchange: the reason and need of this market, its participants, what is spot FX, and its main characteristics. The forex market is a fundamental tool for allowing business transactions between different currencies.
Characteristics of a Good Trading PlatformOnline trading has opened up new possibilities in investing that are accessible to the masses. The desire of initiating a venture is shared by many people, but there’s an immense challenge in starting a profitable enterprise. For those who have a little to invest, but lack any scalable ideas, online trading offers an alternative that can lead to a sustainable income.