Forex trading is a zero sum game and those with a trading plan and the necessary discipline to stick to it will succeed over those that trade without one. If you want to succeed in the forex market, you need to be able to plan ahead. If you decide to dive head first into the forex market without any preparation the chances of you succeeding are very unlikely. You need to know what you're looking for, what your aim is and how you plan to achieve your goals. Trading plans are a lot like insurance: People don’t usually want it until they...
A gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. The four precious metals allowed to be held in an individual retirement account are gold, silver, platinum and palladium. Investors often use precious metals as a long-term hedge against...
Forex trading is inherently risky because it is a zero sum game. Every dollar you gain through trading represents a loss on someone else balance sheet. Traders earn and lose in the financial markets every day. One of the primary differences between successful and not-so-successful traders is their understanding and consistent application of a simple risk management strategy and knowing when to cut your losses and let your profits run. When it comes to actually generating a return from any kind of leveraged trading, the primary factor you...
For those who trade in forex, knowing the techniques of how to forecast the forex market can be the resounding difference between those who trade successfully and those end up losing money. As soon as you start to learn about forex trading, you should also start learning how to forecast the forex trading market. When entering the forex market, it's better to come prepared - and that's when forex forecasting comes into play. Many entities have an interest in being able to forecast the direction of exchange rates. Whether you are a...
Discipline is an integral part of becoming a consistently profitable trader. However, most aspiring forex traders find themselves unable to remain disciplined as they trade the markets. Forex trading obviously requires a high degree of discipline, most all traders know this, whether beginner or pro. However, knowing is different from doing and while most all traders know they should be more disciplined, it often ends up being something they think they can put off until they make X amount of money. Successful traders are not only happily...
