Everyone has heard about forex demo accounts and roughly 98 out of 100 traders recommend forex demo accounts to new traders. They are very popular, especially among retail traders and there is a growing number of forex brokers who push demo accounts in their marketing efforts and allow traders to manage up to $100,000 in virtual funds. You can go to every online forex forum and you will find dozens of posts which encourage new traders to start out trading in demo accounts. Some even insist that before a new trader opens and funds a live...
Today we will take a look at the Top 5 attributes of successful forex traders. It is no secret that the failure rate among forex traders is roughly 98%, this means that out of 100 forex traders only two (sometimes even less) will able to succeed. There are different definitions of success, but in general forex traders need to be able to generate consistent profits with their trading strategy, at least on a weekly base. Let’s take a look at the Top 5 attributes of successful forex traders: Do not waste your time in demo accounts....
“Work actively and constantly on turning a correct idea into a useful action which will then become an unconscious habit – if you do, you can manage to be a successful trader, too.” – Norman Waltz John Paulson was born in December 14, 1955, to Alfred G. and Jacqueline Paulson, who both immigrated to the US from different countries (Alfred came from Ecuador and Jacqueline came from Lithuania). He’s the 3rd of the 4 children born to the couple. Growing up in New York, and spending some of his time in...
The leading stock indexes in Europe and the U.S. mostly slightly declined last Friday: Britain's FTSE-100 (-0.60%), German DAX (-0,50%), the French CAC (-0,58%), the U.S. Dow (+0,06%), S&P 500 (-0,03%), Nasdaq Composite (-0.01%). As a result, they lost during a fairly volatile week from 0.3 to1.3%. The wave of fixing profits’ investors, which we saw last week, has put major stock indexes to the brink of collapse and was triggered by the publication of minutes of the last meeting of the U.S. Federal Reserve, from which it...
Icelandic authorities have stated that negotiations on EU membership will be suspended until the national referendum on this issue. Iceland is one of few countries in Europe that continue to maintain an independent political and economic course. The small island nation, which before the financial crisis of 2008 was named by UN as "the best country to live", still prefers to go its own way of development. The head of formed this week new government coalition Sigmundur David Gunnlaugsson said that the process of negotiations on Iceland's...
