Although it might seem easy to go onto your computer, open a forex account with a broker, deposit some money, and begin trading right away, it hasn't been so easy to do so in the past, as the forex industry has changed significantly over the past couple decades. A stepping stone in the forex market history was when metals like Gold and Silver started being minted into coins. This point in time could be considered the birth of the Foreign Exchange Market. It was the First World War in 1914 to put an end to the gold standard, since...
Next to learning a profitable trading strategy, money management is the most important factor in determining just how successful you become as a trader. Money management is all about asset protection. That means using stop losses, to limit the damage, and calculating just how much you should wisely risk per trade. Money management describes the actual method of determining the position size under certain, but specific, conditions. Since trading is inherently complex and unpredictable, losses are inevitable. Successful...
The definition of a market trend is simply the movement within a financial market over a period of time. Using varying forms of technical analysis, market trends are recognized in order to help predict price in response to the course of the market. Trading has a language of its own, and if you are starting out long or short, bullish and bearish are trading terms you will hear frequently. Bullish and Bearish are simply terms used to characterize trends in the currency, commodity or stock markets. The terms...
Trading forex means that participants engage into transactions in the world’s largest and most liquid financial market. Over $6 trillion exchange hands every single trading day in this decentralized market and unlike equity markets, the forex market is open for business 24 hours from Monday through Friday. This is one of the biggest reasons why forex trading has increased in popularity and attracted many retail traders from all over the world. It has taken the position of possibly the most sought after part-time job, as traders are not bound...
Precious metals, and gold in particular, have always the symbol of wealth. As far as prehistoric times, when gold was used in bartering, and throughout the centuries, whether in the form of coins, or bars and billions of fixed purity and weight, gold has been a valuable and much sought-after asset. When economic times are uncertain, many people turn to precious metals as an investment. Whether or not the times are worrisome, portfolio diversification is critical, and adding precious metals can assist in your pursuit of that strategy....
