Forex Newbies - Forex Trading for Newbies Explained

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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What Is an NDD Broker?

November 27th, 2011

When you get into trading Forex, you’ll hear about a lot of different types of brokers. One type of them is called a No Dealing Desk (NDD) broker. NDD brokers provide their clients with direct access to the interbank Forex market without going through a dealing desk. By working with banks and other major market players, NDD brokers are able to offer more competitive bid and ask [...]

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When to Close a Losing Forex Trade?

November 13th, 2011

One of the hardest decisions you’ll have to make while trading Forex is when to quit a losing trade. Don’t think you’re going to get out of this by having a perfect Forex system; while the best thing to do is obviously avoid losing trades in the first place, even with a really, really great system, it’s going to happen. Not only that, but a lot of Forex traders struggle to figure out [...]

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What Is a Retracement in Forex?

October 28th, 2011

You’ll hear a lot about retracements in Forex, in particular that you should trade off of them. While the word “retracement” is often found in the context of Fibonacci retracements, it is a broader, more general topic, and quite often people referring to retracements aren’t referring to Fibonacci levels at all. What is a retracement in Forex? Quite simply, a retracement is any temporary reversal in price within a major price trend. The word [...]

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