Why First FED Rate Hike Will NOT Combat Inflation (Crypto OFFICIALLY Legalized in Ukraine)

Today’s article is going to touch on a subject most traders never even consider working on improving. Ironically this is the very same thing that always with out a doubt stops them from creating consistent profits from the market. I am talking of course about trading psychology and the mistakes traders commonly make.

A margin calculator is used to calculate the margin of a currency pair at a required position. This margin calculator is available in US Dollars, and one can convert the amount according to the required currency. Forex can provide you with a free margin calculator for your website. You can find this free tool on the Forex website. If you are a website developer or an owner of a financial website, you can also get free margin calculator codes to place on your website. All the Forex tools are free of advertisements so you don’t have to worry about unwanted ads on your website.

There is a lot of resemblance between boxing and trading the forex market. When a boxer sets foot in a ring, even the undefeated champion, he can’t expect to go through the boxing session without receiving a couple of punches back. You should realize that experiencing small losses, while trading in the forex market, is just part of the deal.

The top most traded pairs are the EUR/USD, GBP/USD and USD/JPY. EUR/USD is the most heavily traded currency pair in the market. As a currency trader what you must do is master trading one or two pairs. For example, you can master trading EUR/USD and GBP/USD. Each currency pair has got its own unique behavior. Mastering a currency pair will help you become familiar with the behavior of that pair at different times of the day as well as different times of the week.

Albert Einstein said: “The most powerful force in the Universe is compound interest”. Many people underestimate the power of compound interest when making their investing decisions. Small gains tend to add up very quickly when you trade in a wise way. If you invest your money in a responsible disciplined manner; in no time you are going to have a small fortune.

The other day I was reading Dan Brown’s book Angels & Demons; and realized something. We need bad guys for survival. We need someone to point our fingers at when things go wrong. In the markets arena this bad guys are called speculators.

In the mid part of the year 2007 I was involved in a serious accident. Fifty percent of my body was burned in an explosion. To make a long story short when I was in the emergency room and my mother asked me how I was feeling; I answered: “Well… If I die, please make sure they don’t charge you full price for the cremation.”

Last night I was watching Star Trek and realized that the, timeless, gems of wisdom contained in it could be used by anyone who wanted to become a better trader. I hope these guidelines would be useful for many…