Forex As A Legit Business: 5 Things to Know About Forex Trading
Huge gain potential, work from home and flexible working hours. These advantages look tempting, but what is the catch? It would be somewhat naive to believe Forex trading will make anyone rich overnight and there are plenty of people telling they have “friends who trade Forex for a living”. Yet, it is possible to turn Forex into a reliable income source. This article covers some of the major Forex-related issues.
One Belief, Which Builds or Ruins Your FOREX SuccessWhat does FOREX really mean to you? Is it a game? Or maybe it’s a form of leisure activity? Is it a challenge, sport, or maybe something else? I encounter these types of metaphors constantly, while dealing with Traders. Their attitude towards FOREX trading, largely determines their level of success.
PAMM Accounts: What Are They?A Percentage Allocation Money Management (PAMM) account is an investment program in which an investor gives over the trading rights of his investment to a skilled trader for the purpose of growing the account and providing returns on investment. Profits accruing from this trading activity are split between the investor and the trader/account manager.
Causes of the Decline of the DollarThe US dollar once again is under attack as the world’s reserve currency. Late December of last year the world’s second and third largest economies Japan and China held important discussions, coming to an agreement for opening up currency swap lines between the two countries.
Trend Indicators Used In Forex TradingThe best way of trading the Forex market is to make the trend to be your friend. And, you can use various trend indicators to determine the strength and direction of a trend. You should use indicators in trending markets. If you use them in ranging markets, they can give inaccurate signals. It is important that you avoid using every other indicator you find out there. You should use two or three which you are most familiar with.
