Biggest Mistakes of Forex Traders
The world of foreign exchange (or forex or currency trading) has always been associated with windfall profits and easy money. However, this is not the truth as almost as much as 80 to 90 percent of forex traders fail to earn profits and end up losing all money. Let us access some of the most common and biggest mistakes committed by currency traders so that they can be avoided and profits can be earned on a consistent basis.The Forex Market Vs All-Time Low Interest Rates
Now that “Interest Rates” in the USA are trading at all-time record lows, savvy investors need good alternatives for investing their money. Keeping the buying power of their hard-earned dollars is an understandable goal. The Forex Market offers some advantages over other markets and investment alternatives that would make investors able to keep the value of their dollars.Are Good Forex Market Investors Born or Made?
Many people think successful investors are born with some genetic gift, but the truth is they just had the right training. The Forex Market is the most profitable market of the world and anyone that has the right education and commits the time to learn will be able to gain some dollars from it.What Is Speculation? A Brief Introduction to Speculation
Speculation is a well-known term in economics. It is very much influential on economy. First of all it is must to know what speculation is. Speculation means taking large risks in purchasing. To understand better, we’ll discuss currency here.Where Many New Forex Traders Go Wrong
Often new traders come to the market with many false beliefs about what is needed to make money consistently in the markets. This article will explore some of those false beliefs and how you can fix them to become a successful trader. False Belief 1 – I need to watch the markets as much as possible This is a very common belief that many new traders find themselves falling into.