Archive for the ‘Forex Tips’ Category
Monday, November 3rd, 2008
The Reserve Bank of Australia rate decision will set the stage this week as Governor Glenn Stevens is anticipated to lower the benchmark interest rate by 50bp to 5.50% ahead of the ECB and BoE policy meeting on Thursday. The central bank is expected to ease policy for the third ...
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Thursday, July 3rd, 2008
1.Practice before you start trading with real money. Could you imagine an athlete going to the Olympic Games without preparation and training? Make sure you have practised your trading on a demo platform and get comfortable with it and your trading style before committing real money.
2.Know what moves currency ...
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Friday, February 22nd, 2008
by David Jenyns
An interesting title? Here David talks about what not to do, and it is a trading strategy that many people still do, usually for no apparent reason apart from being something they heard other people did, but don't understand how it may not be suitable ...
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Tuesday, January 8th, 2008
You can be super motivated to trade, filled with deep optimism, have millions of trading capital available, and a solid trading strategy, but if you don't devote your full concentration to the trade that you have on at the moment, you will lose money.
It's essential that you learn to concentrate ...
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Monday, December 17th, 2007
"Just do it." - Nike.
Everyone's heard it, everyone's see it, and many of you wear it on those big dogs you call your feet.
But how many of you practice what the slogan preaches?
Do you ever doubt your decisions, particularly when opening or closing a trade?
Maybe you spend too much time ...
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Friday, November 30th, 2007
Why do certain traders win consistently lose? Here are four reasons:
Not having a proven trading methodology.
Those who consistently lose don’t know key numbers. They have no understanding of support and resistance. Chart patterns are foreign to them. Their definition of risk management is getting margin called. With no proven trading ...
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Thursday, August 23rd, 2007
Before you open a real live account it is important that you familiarize yourself with the most common mental mistakes new traders make. You'll probably still make them anyway, but at least you'll actually be aware you're making them which hopefully will make easier for you to correct them.
Overconfidence
Trading for ...
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Sunday, July 29th, 2007
Why has the Dollar Strengthened as the Stock Market Falls?
Reports of more subprime related losses have sent the markets tumbling once again. The stock market is down another 100 points, putting this week’s losses in the Dow close to 500 points. Carry trades and other high yielding currencies ...
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Monday, July 16th, 2007
4. Stick to the strategy - When you make money on a well thought-out strategic trade, don't go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.
5. Trade ...
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Friday, July 13th, 2007
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
1. Take it like a man - If you decide to ride a loss, you are simply displaying ...
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