The EURUSD is the most traded and therefore the most liquid currency pair at the disposal of forex traders. Most trading positions are held in the EURUSD which often offers the best spread, the difference between the bid price and the ask price, or the cost of trading.

A lot of forex traders enter the market without having a clear vision of how much trading capital is actually required. Many forex brokers have either no minimum deposit or a very small often, often less than $100. When you add leverage of 1:500 to that you $100 deposit can control $50,000.

Many cite one of the biggest advantages of trading forex the fact that it is decentralized unlike trading equities. The reason this is an advantage is that the forex market does not close for trading during holidays observed in individual countries.

Many new traders have probably read or heard the term ‘hedging’ before, but in most cases it is gravely misunderstood. Hedging can be a good risk management tool, but if an account is not hedged properly it can have devastating effects. Hedging is a more advanced form of risk management and new traders should be very careful with it.

Several economic reports were released this week which point towards a global economy much weaker than expected or hoped for. Forex traders need to take not of economic developments around the globe as it will have an impact on currency pairs and can explain erratic movements.

What are EA’s? Everyone who is trading forex came across EA’s or at least should have. EA stands for electronic advisor and many know them as forex robots. This is basically a coded trading strategy which will execute a trading strategy automatically without the forex trader being present.

Have you heard the term commodity currencies?

The Canadian Dollar has stopped its massive sell-off over the past few weeks and was stuck in a narrow trading range especially against the US Dollar. The USDCAD was unable to breakout above 1.2834 and unable to breakdown below 1.2351.

The US Dollar sold off during yesterday’s trading session after the US Federal Reserve kept interest rates on hold as expected, but the press conference by US Fed Chief Janet Yellen was the driving force behind a much lower US Dollar. Forex traders should be careful as the sell-off which started yesterday may continue throughout the trading week as more economic data out o

When you conduct you research on different account types you will see that there are quite a few to choose from and every broker has a range of different account types which forex traders can pick from. Many new forex traders simply pick the biggest account available and do not send more time on selecting the right trading account for them and their deposit size. This is a very big mistake as there is a reason why more than one account type is offered.

Picking the right forex trading strategy is key to earning consistent profits from the forex market and there are plenty of different factors which go into creating the right trading strategy. As you start to research into forex trading strategies you will discover that there are many strategies out there which can all be profitable.

The obvious answer is to make a deposit, but this is not the only way you can grow your forex trading account.

This is a hotly debated topic in the forex world. Most forex brokers offer them and there are even no deposit bonuses. First let us take a look at what the difference is between a deposit bonus and a no deposit bonus.

Trading based one the release of economic reports belongs to the fundamental side of trading forex where technical charts, price action and indicators are simply ignored.

During the Asian trading session this morning Australia reported its employment report covering the first month of 2015. Economists expected a weak figure and were looking for job losses of 5,000 in January while the unemployment rate was expected to increase by 0.1% to 6.2%.

The memories of Thursday, January 15th 2015 are still rather fresh and many may have not yet recovered from the day the Swiss National Bank decided to shock financial markets which wreaked havoc on the forex market.

PaxForex decided not to take active positions in any Swiss Franc related pairs as from a technical standpoint not enough data has been provided in order to create a proper analysis. The Euro has resumed its contraction which created attractive trading opportunities while caution is advised with the Japanese Yen.

PaxForex advised its forex traders to take short positions in the USDCHF two weeks before the SNB decided to rattle financial markets. PaxForex traders who followed the trading recommendations were able to benefit from the surge in the Swiss Franc.

There are plenty of posts written on why you should trade forex and others which explain the advantages a successful forex trader will enjoy. You will by now understand the importance of learning how to trade forex before you start placing your trades. What many often forget is how to manage the trade once the order has been executed.

PaxForex added several positions to its forex portfolio during the previous week and closed others for profits of 975 pips. This marked a great start to the new trading year and PaxForex is set to eclipse the 1,000 pips per month level in January or twice its expectations.

PaxForex had a great start into 2015 and confirms its guidance of double digit growth in its forex portfolio over the next twelve trading months. Forex traders should expect a volatile January which is likely to set the trading tone for the rest of the year.

PaxForex added to its forex positions in thin holiday trading as opportunities presented themselves which allowed for the creation of a more profitable forex portfolio. Paxforex is confident with the work done in 2014 to streamline it for a growth year in 2015.

CFD's are derivative of the securities. Such situation has developed for the reason that the dynamics of price movement of Contract for Difference on securities (shares) fully coincides with the dynamics of stock price movements, which are the underlying asset of CFD.

This week marks a short trading week due to the Christmas holidays which are observed in the developed world which means major trading hubs such as London, New York and Sydney will be closed as traders will take off time to celebrate this major holiday.

PaxForex added to its forex positions in the final full trading week of 2014 and is very confident that the forex portfolio is on course to see a strong start to trading in 2015. Paxforex plans to add more positions during this trading week if the opportunity presents itself.

When it comes to trading forex there are plenty of factors required in order to succeed. The first step is to spend the proper time on education in order to understand the basics. This step should be taken very serious as it is important to build a strong foundation.

PaxForex is proud to announce the restructuring of its forex portfolio two weeks ahead of schedule. The new composition has been put together with a strong growth year for 2015 in mind. All long-term underperforming positions have been erased with the exception of three positions which will be carried over.

Trading psychology plays a crucial factor when it comes to trading and often is the biggest obstacle for traders to successfully manage. Many traders continue to lose money in forex because they fail to manage their own trading psychology. It is in our human nature that emotions are part of our daily life and often emotions guide actions.

PaxForex nears its completion of optimizations to its forex portfolio and is optimistic about a profitable first-quarter of 2015. Over the next three weeks Paxforex will complete the reductions of underperforming trading positions and replacement with new positions.

PaxForex has lightened their forex portfolio and continued to cut underperformers in order to position its account for growth free of drag in 2015. Over the next four weeks Paxforex aims to reduce more underperforming trading positions and replace them by adding new forex positions.

PaxForex resumed the streamlining of its forex portfolio and is currently approaching the midway point of this operation. Over the next five weeks Paxforex aims to reduce trading positions which were taken over eight weeks ago and adding new positions.

PaxForex has started to streamline its portfolio and closed nine trading positions while adding four more. Over the next six weeks Paxforex aims to reduce trading positions which were taken over eight weeks ago and adding new positions. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our strategy.

PaxForex is expected to make portfolio changes to its open trading positions taken at the beginning of the second-half and hedge its forex positions partially in order to reduce total risk exposure and position the forex portfolio for more growth potential in order to close out 2014.

The forex market continues to grow every day and more and more new forex traders enter the largest and most liquid financial market of the world. Daily turnover is set to exceed $6 trillion; this means that every day $6 trillion are exchanged. This amounts to over one-third of the annual GDP of the US every single day. The numbers are mind boggling and may even appear frightening.

PaxForex decided to manage its current forex account without expanding into new positions; depending on market conditions existing positions will be hedged. The rest of 2014 will be focused on streamlining the portfolio and wind down positions.

PaxForex earned 2,495 pips in the previous week as seven trading positions were closed; all for a profit. This marks a very strong start to the fourth-quarter and we expect to add to this performance in coming weeks. Two closed positions were gold trades and we five were currency trades.

PaxForex slashed its floating trading losses by one-third over the past trading days and expanded its forex portfolio. Fourth-quarter profits are expected to exceed third-quarter profits for a strong finish to the 2014 trading year.