There are plenty of mistakes new traders make and they tend to repeat the same mistakes over and over again. This does not only hurt their progress as forex traders, but it also reduces their profitability. There is a growing number of new traders who could increase their profits and operate their portfolio much better, but making these five mistakes limits their success. Unfortunately with the increase of popularity of forex trading too many rush into trading and do not take the proper time to learn the basics. Many think they can rush the...
Trading doesn’t have to be like this, and it doesn’t have to take over your life. Traders need to keep in their mind why they came to Forex in the first place and go about using a strategy that gives them their time back. There is an approach that gives traders the above mentioned luxury. This method entails only trading the larger charts on the weekly and daily time frames. When traders are learning to trade the Forex market it is advised that they stick the longer term time frames such as the weekly and daily charts. This...
The minutes of the last US Federal Reserve meeting showed that several voting members of the FOMC were open to tapering the current $85 billion economic stimulus package known as QE3. QE stands for quantitative easing which was started by outgoing US Fed Chief Ben Bernanke in an attempt to stabilize the US economy during the Great Recession. While QE3, as well as the previous two stimulus packages, have artificially kept the US economy afloat and outside of a technical recession, defined as two consecutive quarters of negative GDP, the long...
PaxForex team wish you Happy Holidays. Find out Forex Holiday Trading hours: December 24, 2013 - January 2, 2014 All time is referring to the Server time (GMT+2) Date Trading hours Customer service Hours December 24, 2012 Close at 09:00 PM Close at 09:00 PM December 25, 2012 Closed Closed December 26, 2012 Open at 09:00 AM Open at 09:00 AM December 31, 2012 Close at 06:00 PM Close at 06:00 PM January 1...
Today is Christmas Eve which will be followed by Christmas tomorrow while some countries also celebrate a second day of Christmas on Thursday. Since this year the celebrations fall in the middle of the week most traders decided to enjoy a longer break and took vacation days which means their probably enjoyed their last day trading forex last week on Friday. It is good to take some time off from the joy and stress of trading and Christmas is the preferred time for traders from Europe through Asia and into the American continents to take some...
