Regardless of a size of your Forex deposit, you should not forget about the most important thing, namely the analysis of the behavior of a currency pair. After all, the final result of your trading will depend on how well it is made. However, it should be noted that if you have problems with trading psychology and money management rules, you can fail even with the correct prediction. Nevertheless, you should always strive to make your Forex broker rates forecast as good as you can. One of the elements of a trading system towards better...
Trading foreign exchange on the currency market also called trading forex is a great source of investment income. Until recently the forex market was a closed market and trading activities were confined to the banking sector, the multinationals and the hedge funds. However with new technological advancement small retail investors now have the opportunity to participate in this lucrative market as well with online forex trading. Essentially online forex trading is the trading of one currency for another through the use of the internet. The...
When you first start forex trading online things seem to be so simple and straight-forward; all you have to do is to buy a currency pair and then sell it once the price increases. However a few weeks down the lane and probably after losing most of your account you have come to realize that forex trading is not easy. There are a number of variables (commission, leverage, spreads and your emotion) which are against you. Most forex traders seem to be short term, swing or intra-day traders looking to pick up a few pips and move on. What makes...
China's manufacturing sector has improved in May showing signs of stabilization in the economy, but weakness remains forcing the government to loosen its policy further. The HSBC China Purchasing Managers' Index (PMI) showed a reading of 49.4 in May, compared to the earlier flash reading of 49.7 and 48.1 in April. A reading below 50 indicates contraction in the sector. The reading signaled only a marginal deterioration in business conditions, but the health of the sector has now deteriorated in each month of 2014 so far, according...
The Forex market is the largest and most accessible financial market in the world. However, despite the huge number of Forex investors, only a few manage to become truly successful. Failures of traders and typical errors are similar to investors who invest in other asset classes. Moreover, the availability of high leverage and relatively little exchange margin deprive the trader a chance to make small mistakes. Currency trading is characterized by a number of specific factors, due to which profit expectations are higher than the market can...
