admin on 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 [...]
admin on October 22nd, 2011
One reason that Forex holds such an allure to many beginning traders is that the entry barriers are much lower with this market than most others. This is a huge advantage to those who don’t have a lifetime of savings stockpiled for trading stocks or other commodities. So how little can you get away with entering the market with? Can you really trade responsibly on so [...]
admin on October 8th, 2011
Part of creating a Forex trading plan to become a profitable trader is deciding on a position sizing technique. The size of the positions you trade is part of your money management plan. Money management is as important as your basic trading strategy. Not only does your position sizing technique impact the results of your trades, but the amount of money you choose to invest could determine whether you succeed as a Forex trader [...]
admin on March 29th, 2010
The standard pip value for the USD-based account and the USD-quoted currency pairs (EUR/USD, GBP/USD, AUD/USD, etc.) is $10 for the standard lot. But many beginning Forex traders soon stumble upon the non-USD currency pairs (USD/JPY, USD/CHF or more difficult – EUR/JPY, EUR/CHF) or the non-dollar based accounts. In all those cases, the value of a single pip for your positions isn’t obvious. Here’s simple formula to calculate the pip value in all possible [...]
admin on August 14th, 2008
In forex like in other forms of investment, deciding beforehand exactly how much you’re going to risk in a trade and when you’ll be getting out is something of the utmost importance. In forex more than in other markets, though, novice traders tend to avoid this fundamental step completely.
Fill out the form below to signup to our blog newsletter and we'll drop you a line when new articles come up.
Our strict privacy policy keeps your email address 100% safe & secure.
