In the past, only large international financial institutions were allowed to trade currencies, but with the introduction of online forex brokers, i.e. forex trading platforms, individuals are also given an opportunity to invest and increase their capital by trading currencies. Basically, a forex broker is a company which provides a platform for individuals who like to engage in speculative trading of currencies. This type of forex trading where individuals get to trade via a platform is also known as ‘retail forex trading’, a term used to...
Get rich schemes flood the internet via ads, emails, and product placements. Forex is an often misused vehicle for such ploys as it offers traders highly leveraged instruments. Ads will show unrealistic expectations where traders can win big and earn a hot sports car by simply winning just one big trade. This is gambling, not trading. Learning how to be a successful forex trader in forex is unfortunately not that simple. It requires practice, active learning, persistence, patience, and mentoring. The entire process takes time to build focus,...
It is not unusual for traders to dream of obtaining financial freedom and self-employment by supporting themselves through profitable forex trading online. To make a living from a trading forex, you must learn to understand how the market works, gain serious experience at trading, and learn an in-depth proven strategy. If you are willing to spend the time to do this, and you are prepared to spend at least five to seven hours a day trading, then it is possible to make a living at the game. One thing that is certainly true about trading is...
Despite what many traders, especially new traders, like to believe, the United States regulatory environment is extremely counter-productive and should not make any trader feel safe. This may be one of the best examples that regulation does guarantee traders that they are being protected against fraud as it appears that the brokers who mistreat their clients, in other words you the trader, often come from heavily regulated countries. The US is a prime example as the brokerage industry has been plagued by scandals and fines. While one can...
The final quarter of 2017 will kick-off next Monday and many forex traders will try to push hard over the final three months of the year in order to boost their overall performance. This is rather normal and many traders seek the best returns over that period. It is debatable if the final three months of each year or any other specific period is the best for trading, but volumes do tend to pick up and depending on which strategy a traders follows that could make a big difference in the results achieved. In either case, the trading action in...
