Trading The News: How To Do It Right

When trading forex, one of the most important items to watch at the beginning of each trading session is the news. Taking into account that forex is up and running somewhere around the world 24 hours-a-day five days-a-week, the international news reports can play an important role in prices.

Using the news in forex trading strategy

Traders need to not only check the news reports of both of the pairs they are trading, but they must also take into account how events around the globe can send prices suddenly soaring or plummeting without prior warning. Whether it’s the newest financial reports or a local catastrophe, it can send the market in a direction you were not expecting.…

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7 Ways Technology is Changing how Traders Trade

From the time you wake up to take a look at the market’s performance overnight to the time you check how the market is set to open the next day before going to bed, technology plays a critical role. There’s no doubt that technology has ushered in significant advancements in the way we do things.

Trading technologies

These advancements have significantly been evident in the way traders trade. For instance, technology initiated the development of the online based MT4, which enables Forex traders to trade from any operating system or browser.

Additionally, advanced technology has enabled traders to operate and maintain a competitive edge in the cutthroat financial and Forex environment.…

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3 Reasons Why You’re Not Making Any Money Trading Forex

If making money trading on the Forex markets was easy, we’d all be millionaires. Sadly, Forex trading requires a certain skill set, and a certain degree of luck. Nonetheless, if you manage to perfect your trading strategy, you can be one of those Forex traders who makes money. It might not be enough to make you mega rich, but it could be enough to pay for a few extras in life, such as a dream vacation.

Making money doing forex trading

In this article, we’re going to look at the most common reasons why Forex traders don’t make any money from their trading activities.

Reason #1.

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Forex Trading Tips to be a Successful Trader

There are many who are working on Forex market to gain profits from it. The trading is exciting and often educational for the traders. Here are some trading tips that you may want to follow:

Forex trading using mobile device

Plans must be made and followed

The trading is important for you and so you should make proper plans before starting the career. You should know what the reasons of failure in this trade are and then you can plan the ways to be taken for successful career. You will also have to define the time frame you must give for the trading purpose and what your aims are while trading?…

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4 Patterns for Forex Profitability

There are many factors that determine profitability for Forex traders. It is difficult to pick one factor that will lead to a profitable experience in the Forex market so many traders will look for patterns that will predict a successful trading strategy. These patterns will hopefully guide Forex traders towards great decision making and profitable Forex trades.

Forex trading

Let’s examine some of the patterns that have been seen in successful Forex trading.

Pattern #1: Mitigate your losses

The first important pattern to note is that no matter how many of your trades are successful, if you are losing more on your losing trades than you are gaining on your winning trades, your Forex trading will not be profitable.…

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Using Forex To Supplement Your Income While Chasing Your Dream

If you’re like me, the success of your business is your main priority. That’s what you’ve committed yourself to, and you won’t rest until you’ve achieved your dreams. The prospect of doing “a little something on the side” is anathema to you, especially when spoken by “concerned” friends and family. It can be a sign that they don’t believe in you.

Forex trading using trading software

But that does not mean you can’t supplement your income while chasing your dream. With every new technological innovation, there are more and more ways to make money. This is no more true than with Forex.

Forex trading has become increasingly popular due to its sheer accessibility.…

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3 Thing That You Need To Know About Forex Market Regulations

The foreign exchange is by far the largest and most liquid financial market in the world, with an estimated $5.3 trillion traded globally on a daily basis. This is at least according to the most recent Bank for International Settlements’ (BIS) triennial survey, which evaluates markets according to their value and growth.

Forex market regulations

The size of this market has caused some issues in terms of regulation, however, as historically there has been no single global body tasked with policing the foreign exchange. Instead, individual countries have their own independent regulatory bodies, while national governments are also active in driving compliance from traders, banks and brokers alike.…

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The Most Popular Forex Trading Strategies That Work

Forex trading needs your ability to speculate the movement of the currency prices in the correct manner as much as possible. Everyone has his own preference in how to go about the way to trade the Forex market.

Mobile forex trading

There are many Forex trading strategies and different traders take different approaches in FX trading. The motive of everyone is to earn continuous profits in the field and get the maximum returns from the money they invest.

Though there are many methods of investing in Forex here are some of the most important ones.

4 Effective Forex Trading Strategies

Scalping

This is one of those Forex trading strategies that involves quick opening and liquidations of the trading positions by a Forex trader.

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Choosing the Right Forex Broker

Forex or FX market is actually an abbreviation of two words – foreign and exchange. Basically, this is a foreign currency market. The volume of trading in the Forex market sometimes exceeds 6 billion dollars. So, it is no surprise why so many people want to be part of this type of trading.

Forex broker

Forex brokerge 101

One of the first things that you should do in order to start working on Forex is to open an account with the help of a forex broker. That’s why choosing the right forex broker is important. Before we go into details, it is good to explain what does this term actually mean and how can you get involved in the trading process with the help of such broker. …

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The Many Benefits of Mobile Trading Platforms

For most forex traders, investing is something of a sideline. Many have existing businesses to deliver an income, and a multitude of commitments aside from those connected to their trades.

Mobile trading platforms

As a result, the advent of mobile trading – easy, straightforward, and perfect for investing on the go – has proved something of a revelation. It has opened the markets up to a whole new breed of investors, from entrepreneurs to housewives to overworked CEOs.

If you’re considering entering the world of forex yourself, here are three reasons why a mobile trading platform might prove the perfect choice for you.…

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