Archive for the ‘Forex Tips’ Category

Forex Essential Tips - Part 5

Wednesday, July 4th, 2007

15. Ignoring the technicals- Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way. 16. Emotional Trading - Without that all-important strategy, you're trades essentially are thoughts only and ...

Forex Essential Tips - Part 4

Monday, June 18th, 2007

10. Trade on the news - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions ...

Forex Essential Tips - Part 3

Friday, June 8th, 2007

7. No strategy - The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. ...

Forex Essential Tips - Part 2

Friday, June 1st, 2007

4. Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. ...

Forex Essential Tips - Part 1

Friday, May 18th, 2007

Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it? This tips clearly and simply details essential information on how to avoid typical pitfalls and start making more money in your forex trading. 1. Trade pairs, ...