Managing Your Risk – How to Trade FOREX Safely and Profitably
Managing your risk is a vitally important element of any successful FOREX trading strategy. As part of your trading plan, risk management drives all the other elements. It determines what kind of trading style you will have, the amount of money in your trading pot, how much money you risk for each trade and much more. This article helps define the elements of a solid risk management plan that will protect your trades and increas profitability.The Skinny On Forex Brokers
In this article we’ll take a look at the types of forex brokers available for the retail market and their advantages and disadvantages. To start with, a broker is an intermediary between you and the liquid forex (foreign exchange) market.Why Am I Afraid to Make Money Trading Foreign Currencies Online?
There have been some great opportunities to make big money trading foreign currencies online. But I let them pass. Why am I afraid to make money trading foreign currencies? If you are someone looking to earn some extra cash online as a hobby or as a major source of income, perhaps you can relate to this experience shared above.The Who, What, Where, When and How of Forex Trading
The Who, What, When, Where and How Forex strategy (which we’ll call 4WH going forward for brevity’s sake) is a checklist that will maximize the probability of success for the Forex trader. 4WH addresses psychology, fundamental factors and technical indicators that must come together for a “all systems go” signal before a trade is placed.FX Investing Hints
To be truthful there are simply too many foreign forex trading tips on the Internet. Sometimes you appear to get deluged by the amount of data you could access while you use among the search engines like Google and Yahoo! and the forex trading websites.