A plethora of articles and books have been written on what do in order to guarantee success in Forex trading. Here is my take on it: As a Forex beginner, make sure you educate yourself and get a good grasp of the basics of Forex trading; Educate yourself on different trading strategies Read more »
Wisdom from a Future Forex Millionaire
I received this email today from a valuable member of our trading room. I've seen him in the room go from asking "newbie" questions to providing his own (accurate) pair analysis. He will reach the seven figure level in due time as long as he keeps up this kind of progress and discipline. With his permission, I'm sharing this because I really feel this will be of value to others. Read more »
Forex Trading Rules To Live By
This Forex business is a serious one indeed. Isn’t it funny how breaking your rules ‘just this once’ can cause things to spiral out of control? Not funny at all. We as traders have the odds stacked against us as it is. Our rules are the only thing that keeps us grounded and prevents us floundering. Read more »
How To Manage Your Money When Trading The Forex Markets
Forex trading can be a very rewarding profession because you can start off with a relatively modest amount of capital and turn it into a considerable amount of money. However it should be pointed out that it's definitely not a get rich scheme. Read more »
A Way To Avoid Overtrading
Despite the hundreds of currencies in existence, only a handful is heavily traded on a daily basis. The currency pairs that see the most activity are considered the Majors. The Majors consist of GBP/USD, EU/RUSD, USD/CAD, USD/JPY, USD/CHF, and USD/AUD. Read more »
Breaking Even: How To Preserve Your Bankroll
Price does not care about you. Nor does price care which direction you want it to go. Price does not even care where it once was. So if price is running away from you, do not just let it get away with bankroll. Put a stop to it. Read more »
No End To The Road of Risk
Last week the U.S. reported better-than-expected employment data. And the markets liked it. Stocks rallied. Yields advanced. And the dollar actually moved higher. Read more »
