Forex Newbies - Forex Trading for Newbies Explained

Where Do I Get a Forex System?

January 21st, 2012

If you’re going to trade Forex and you plan to do so successfully, then some kind of method or system is a must. Systems can vary quite a bit-yours may be mechanical, discretionary, or a combination of each. It may be based in fundamental analysis or technical analysis. Your Forex system will need to have entry and exit rules, though, and also incorporate other comprehensive strategies for success (money management, for example). [...]

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What Is Discretionary Trading?

January 3rd, 2012

If you’re just getting into Forex, you’ll hear a lot of talk about “system” trading vs. “discretionary” trading. These Forex trading techniques are usually discussed as if they are completely distinct from one another, but in reality most trading methods rest somewhere in the middle. Which is better? That depends on you. “System” trading, or “mechanical” trading, means trading based off of a mechanical system [...]

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Risk Management in Forex

December 22nd, 2011

As any accurate brochure or legitimate broker will inform you, Forex is a risky business. You are taking a risk with every trade you place; it’s a calculated risk, and since nothing in life is certain, this isn’t an unreasonable way to make a living. You’ve probably heard people say that investors are gamblers. Many are—but a few aren’t, and it’s the few who aren’t who succeed. The difference [...]

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IAFT — the Key to Success in Foreign Exchange

December 15th, 2011

This is a paid blog post provided by http://www.tradersunion.com/: Today it is hard to come across a person who has never heard about Forex. Every day trading foreign exchange becomes more and more popular. People choose Forex as an opportunity to realize their potential. Considering the state of current technologies development, working in exchange market has become a lot easier. In earlier days a trader had to read through countless [...]

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The Role of Financial Reports in Forex

December 2nd, 2011

Should you trade financial reports in Forex? Some traders make their entire living trading reports—others make their living by avoiding them. What impact do financial reports have on the Forex market, which reports should you pay attention to, and what’s the best way to trade them—or not? Whenever a financial report comes out, Forex traders who make their decisions based off of fundamental analysis look [...]

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