Social network copy trading or just social trading is another way to utilize the expert’s knowledge & skill in forex trading. Social trading sites initially are set up for traders and investors to share information, strategies and tips from all over the world. They allow people to view what trades other professional traders are making, and when they are making them. By connecting traders from all over the world into a network and sharing their views and trades real-time, investors can use that information to make social rather than...
Whether you are just starting out learning how to trade forex, or even if you’ve tried your luck a few times trading on the forex market, in order to achieve the important end goals you’ve set for yourself, you need to be realistic right from the start. It’s also important to make sure you put the correct forex strategy in place to get you where you want to be. Placing a trade without a solid well thought forex trading strategy is like jumping out of a plane without a parachute. Forex trading strategy is a set of rules and analyses that a...
As the forex trading getting its popularity in the last decade, there are more and more people trying to find a different kind of ways of making profits from it. Many new traders who didn't manage to educate them self, and also are not patient enough, are getting desperately in the forex market with the idea of making quick profits. With this kind of mind set, they are throwing lot of money for trading softwares so called forex robots. Forex robots have complex algorithms that enable them to do mathematical calculations based on the detail...
Today's investors and active traders have access to a growing number of trading instruments, from tried-and-true blue chips and industrials, to the fast-paced futures and forex market. Deciding which of these markets to trade can be complicated, and many factors need to be considered in order to make the best choice. The most important element may be the traders or investor's risk tolerance and trading style. For example, buy-and-hold investors are often more suited to participating in the stock market, while short-term traders, including...
Gold is one of the most popular assets in the world. This precious metal has proven its value over and over with its impressive track record. Trading gold can be dangerously and exciting. Exciting because you can make money beyond your wildest imagination if you know what you are doing, and dangerous because this instrument has no qualms decimating the accounts of a trader who tries to trade it without the relevant knowledge and experience. Forex traders are paying much attention to the instrument called XAU/USD, in other words gold. At the...
