Making the odd winning trade isn’t hard. In theory, you have a 50/50 chance of being either right or wrong on a trade. The tricky part is making consistent forex profits. Forex presents opportunities to generate consistent profit for savvy traders, but the risk of loss is significant. For beginners starting out in a demo account or actual trading, embracing the mentality of a disciplined and strategic trader can greatly increase the chances of consistently profiting in the forex trading. Given its low commissions and fees, the forex market is...
Maybe a few week’s away from divorce negotiations is what was needed in order for UK Prime Minister May to understand that the UK may be in a much better position than consensus tries to persuade everyone. With her job on the line, May appears to have gotten back on the track to fulfil her duties as a PM and deliver on the vote to leave the EU. Prior to the summer recess, May often pushed a soft Brexit which many Brexiteers pointed out would leave the UK in a weak position. May stated that if the UK would tumble out of the EU without a deal,...
For those forex traders that understand how currencies behave, it is easy to generate a steady stream of inflowing funds from this market. However, there are people who are new to this realm and need assistance in order to get into the system. Forex trading signals are alerts that let people know when there are changes in the foreign exchange market. Subscribing to forex trading signals is a great way to diversify your trading by mirroring the trades of traders with a good track record. However, when choosing a forex signal service it is...
Like many high-performance endeavors, success in forex trading takes time, patience, and a lot of practice. Many beginners don’t last very long in the forex market – not necessarily because they deduce losses that are impossible to recover from, but because they make a few losses in the beginning and give up. The fact is, quitters never win and winners never quit. It isn’t easy to become a successful, profitable forex trader, but anyone can become one by taking a professional approach to forex trading. One of the primary reasons so many...
Ever felt like getting really sleep as you are starring at your trading platform, running a technical analysis or catching up on fundamental events which could impact your forex trades? I mean it is not easy scanning chart after chart and applying the same technical analysis over it, time and again. Mixing it up by reading about political developments around the world or dissecting economic reports which are released throughout the day doesn’t make things any easier. I have only been trading forex, or learning how to become a trader to be...
