4 Tips on How to Trade Forex
Big bucks are trading every hour of the day anywhere you are in the world with the only market that is open 24 hours a day – you can take your share of the big bucks by learning how to trade forex currencies. Do not, however, expect to get a huge chunk of the trillions of dollars being traded every day. Even without the millions, the ordinary forex trader can gain profits on timely trades guided by good fundamental and technical analysis.Different Terminologies in Currency Trading
Currency Trading is a whole new world – even for those who are used in equity trading. This is why anyone who decides to be part of this market should take the time to learn the different tricks, tips and terminologies in order to function well. That being said, following are the most common words that are tossed around within the Forex community.Pivot Points in Forex – What Are They and How You Should Use Them?
Pivot points are one of the most popular indicators used in technical analysis. It is vitally important to know what they are and how to use them if you want to be successful in any type of trading but especially in Forex. In this article I go through the most important stuff relating to them.Always Look For Reasons Not to Place a Trade
The first priority of all Forex traders should be to preserve their trading capital. The second priority should be to then grow that capital.Forex Trading Strategy – Slow Down to Go Fast
Forex traders are often drawn to Forex on the promise of quick riches. My best advice comes from an old auto racing saying that sometimes you have to slow down to go fast. This is certainly the case in Forex.