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One of the most popular promotional offerings utilized by Forex brokers are bonuses. Such bonuses are offered in a bid to gain the attention of potential clients as well as to attract them towards a longer working relationship. The concept of bonuses is very popular in the world of Forex traders because they play a big role in generating extra revenue without any need to make additional investments. The Continue Reading;
The Forex brokers, signal providers and trading systems use a very convenient system to lure investments. They promise quick cash or profits in the form of hype, boasts and ‘guarantees’. They even come up with a ‘track record’ which is usually dubious at best. These entities make the assessment and management of Forex risk sound like child’s play. Just to be clear, this might happen to be true in a Continue Reading;
Trading is all about who you are? It is very indicative of you as a person and indicates the basic characters in you. It’s about knowing yourself, knowing to take decisions and to stop when required. You can always change, learn and know what to do before, during and after a trade. There are few tips that you can learn from, and be prepared mentally. What should you do before Continue Reading;
By now, you must have realised the significance of having a Forex trading plan. But then how do you make one. What are the rules that govern the designing of a forex trading plan. The forex trading plan can be considered to be successful if it gives the forex trader all the information that is required to start and complete the trade. The most important reasoning of a forex trading Continue Reading;
The approach towards Forex trading differentiates a successful forex trader and an unsuccessful one. As in any occupation or hobby, it is important to focus on the actual process of work rather than the outcome. The outcome will be good if the steps taken are correct and in the right direction. Hence, to be a profitable forex trader it is important to be focused on the forex trading and not Continue Reading;
An interesting aspect of Forex trading is the Rollover Interest. Now, you might be wondering what is Rollover Interest? Rollover Interest is basically the interest that will be debited or credited from your account for open positions that are held overnight. As you might already know, all open positions need to be closed to complete the trade, if the open position is closed overnight it will incur an interest based Continue Reading;
The forex market is unlike any other market, there are no fixed rules or guidelines to ensure profitability. There are no classrooms providing the training towards better performance. The one and only way of becoming a successful trader is by practice and through practice. The more you try, learn, understand and judge wisely, more the chances of growing into a professional successful trader. There are many important lessons that you Continue Reading;
Trading process consists of two major steps Order opening and Order closing. With the help of the forex technical analysis and the online forex broker, the journey of the trading process begins. The forex technical analysis gives the required information about the market and helps to decide on the trade. The online forex broker assists in completing the transaction. As stated earlier, trading process starts with Order opening. The term Continue Reading;
Forex trading is not a child’s play yet neither is it rocket science. Beginners need to learn the ropes before starting forex trading. There are few points which need to be followed like a mantra to ensure a stress free profitable trading once the learning process is completed. The first step is to find the right forex broker who is reliable and who can be trusted to provide services without Continue Reading;
Forex trading is not simple but with practice and knowledge of the risks involved, it becomes relatively easy. There is a learning curve starting as a beginner, practicing without actual investment and then progress to trade in the live market. The first move would be to find a broker. Forex traders need to appoint a broker to handle their transactions. The law of the land demands that all brokers Continue Reading;