Forex Trading Basics

Before you trade, have you made sure that you are not just making an emotional decision? When traders are running a business trading stocks, futures, options, or currencies they should know specific information. Trading is a business that requires planning and preparation. Trading is not gambling, unless you are just making decisions blindly without a plan. Every time you trade you should already know your target price, the risk level, and the strategy you are using. This article explains in detail three keys that, ultimately, are the difference between success and complete failure. Read more »

Getting Started With Forex

So many people want to jump right into the deep end when they begin Forex trading. I know I did. What you need to do, however hard it may be, is force yourself to start small. Be careful. Plan each step of your journey carefully before you put any of your hard earned and harder parted with money into Forex. If I had just listened to this advice when I started...well, you might not be reading this today! Read more »

Haiti Disaster Relief

There was recently a great crisis as a major earthquake in Haiti and we are working to bring some help to those in need. Many of you may not know that I went on a mission trip to Haiti last year. I wrote about it on this blog last year Read more »

Why Do Many Currency Traders Lose Money Trading The 1 And 5 Minute Charts?

Forex traders will use a wide variety of different price charts when trading the various currency pairs. Some will prefer taking a long-term view, some will trade the 1 hour or 4 hour charts, whilst others will trade the short-term charts such as the 1 and 5 minute charts, and it's these I want to focus on in this article. Read more »