Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a Commodity, an investment and simply an object of beauty. Almost every exchange of any note around the globe has some type of gold investment, whether in stocks or futures or some other instrument based on a component of the gold market. Whether bull or bear, the gold market offers high liquidity and excellent opportunities to profit in nearly all market environments due to its unique position...
In a high risk profession like forex trading, conquering bad habits is one of the best ways to ensure efficiency and success. With every activity of trading, it is crucial to exercise good habits instead of bad practices. This will lead to profitable trading sessions and the development of overall performance. Bad habits are the enemy of peak productivity. To sustain a profitable career in forex trading, practice productive routines and avoid bad habits. Emotional trading is one of the biggest bad habits a trader can have. We would all love...
When comparing the bond market to the currency exchange marketplace, you’d think that there would be few similarities between the two entities. This line of thinking is fairly conventional wisdom, as many feel that those who invest in bonds generally do not play the forex market at the same time. After all, bonds are usually considered to be fairly low risk, low reward investment opportunities, while forex is a much more dynamic and high-potential forum for investing. The global markets are really just one big interconnected web. We...
Within the past years, advances in technology have allowed traders to trade forex directly on smart phones and tablets. These devices are great to accompany a laptop or directly trade in. Because of its mobility and convenience, forex traders can even work straight from their phones or tablets. In fact, most brokers offer mobile trading platforms. As long as you have a reliable and safe internet connection, a smart phone or tablet is a handy addition to a mobile office. The forex market has become one of the largest financial markets...
If a survey was handed out to retail forex and futures traders and one of the questions that was asked was “what method or system did they first trade with,” without a doubt the huge majority of traders would say they started with indicators such as moving averages, stochastic, MACD, Bollinger Bands, and the list of goes on and on. The reason indicators are so popular is that they feed into the new trader’s belief that the indicator can help predict where price is going to go. The root of the problem with...
