Tuesday, April 15, 2008
Forex And Forex Trading Related News
Featured Easy Forex Article
Why Forex Traders Lose - Avoid These Mistakes
By: Jerry Leung
You may have an illusion that forex trading is something very easy and simple but in reality a lot of trader will lose all the money they have. So what are the mistakes they made?
In fact, the number one mistake they make is that they do not prepare well. They will think that they can make money by following a system from others. They may even think that they can predict the forex price. In fact, you should not just follow the others if you want to be successful in forex trading.
Besides, some people lose because they think that there is a formula for them to follow and they can just trade according to this scientific formula. However, the sad fact is that there is no such formula in the world. If such formula really exists, all of us have already become billionaire.
The most serious mistake, according to experiences, is probably being too greedy. Some traders want to make the most money out of the market and they try to predict the highest price they call trade. They will be reluctant to make the deal even if they know they have already made some money. However, they will only find later that they cannot make money or even lose because they have missed the chance.
In fact, discipline is very important if you want to be successful in the forex market. Most traders know that it is important but they are just unable to do so. And this will make them lose money in the market.
You have to do your own research. You have also to study the market yourself. Of course you are also going to make your own decision. You should not just listen to what others say. Instead you should only take the opinions of the others some advices.
Besides, if you have set a target, you should make the deal when it is achieved. You should never think that you will be able to make more money and forget your original target. As discussed, this is the most serious mistake some traders make.
To be honest, forex trading is not easy. However, if you can work hard and do your own research, you will always have the chance to make money. You have to keep learning. Education is probably the most important thing if you would like to make money from forex trading. And if you have the discipline and educate yourself well, there is no reason why you cannot be successful in the marketing.
Article Source: http://www.tradeforex2000.info/forexarticledirectory
The author has great interest in finance. You can check his website on Financial Planning http://myfinancialexpert.info/
Let's Talk About Forex
learn forex
Most of these Forex trading systems are reactive (not proactive!!) by design. Like, if a stock or a commodity acts in a certain way, the system assumes that the stock or a commodity will continue to act that way. It generates this conclusion based on the formulas programmed into the system some �Black Boxes" also compute a large array of indicators in an attempt to increase confidence of an action recommendation. Most mechanical trading systems buy or sell breakouts. The stock market calls these traders momentum players. Their formulas assume a continuation of that movement. Should that movement fail to continue, the system will generate a loss, plus the commission cost.
forex trader
The bid/ask spread for EUR/USD should never exceed 3 to 4 pips to improve profiting from Forex trading. For an active trader profiting in Forex with a 2 pip transaction cost is highly preferable.
forex trading software
When it comes to the Forex market, you should know that what you assume to be true may not be true at all. You may think that you can use the Forex market to protect your investments. You have learned from reading this however that the Forex may not protect your investments, and one should be diligent in watching their investments in order to avoid anything catastrophic. You may also think that you can get rich quickly using the Forex market. The truth is that short term trading, which is notorious for turning profits quickly, is not for the beginner. Those who have traded for years may try short term investing, but it is very risky indeed. Lastly, you may think that leverage will help you "play with the big boys" and still stay safe. This can be a horrible assumption and many people will over leverage themselves if they are not careful. So, do research, be smart, and think before you act when dealing with the Forex.
More Easy Forex Info
Higher Commodity Prices Failed to Lift the Canadian, Australian and New Zealand Dollars
Tue, 15 Apr 2008 21:57:18 -0400
Both commodity prices and the stock market have closed today, but that has failed to translate into strength for the Canadian, Australian and New Zealand...
Understanding Forex
Forex
Tags: Forex Day Trading
Why Forex Traders Lose - Avoid These Mistakes
By: Jerry Leung
You may have an illusion that forex trading is something very easy and simple but in reality a lot of trader will lose all the money they have. So what are the mistakes they made?
In fact, the number one mistake they make is that they do not prepare well. They will think that they can make money by following a system from others. They may even think that they can predict the forex price. In fact, you should not just follow the others if you want to be successful in forex trading.
Besides, some people lose because they think that there is a formula for them to follow and they can just trade according to this scientific formula. However, the sad fact is that there is no such formula in the world. If such formula really exists, all of us have already become billionaire.
The most serious mistake, according to experiences, is probably being too greedy. Some traders want to make the most money out of the market and they try to predict the highest price they call trade. They will be reluctant to make the deal even if they know they have already made some money. However, they will only find later that they cannot make money or even lose because they have missed the chance.
In fact, discipline is very important if you want to be successful in the forex market. Most traders know that it is important but they are just unable to do so. And this will make them lose money in the market.
You have to do your own research. You have also to study the market yourself. Of course you are also going to make your own decision. You should not just listen to what others say. Instead you should only take the opinions of the others some advices.
Besides, if you have set a target, you should make the deal when it is achieved. You should never think that you will be able to make more money and forget your original target. As discussed, this is the most serious mistake some traders make.
To be honest, forex trading is not easy. However, if you can work hard and do your own research, you will always have the chance to make money. You have to keep learning. Education is probably the most important thing if you would like to make money from forex trading. And if you have the discipline and educate yourself well, there is no reason why you cannot be successful in the marketing.
Article Source: http://www.tradeforex2000.info/forexarticledirectory
The author has great interest in finance. You can check his website on Financial Planning http://myfinancialexpert.info/
Let's Talk About Forex
learn forex
Most of these Forex trading systems are reactive (not proactive!!) by design. Like, if a stock or a commodity acts in a certain way, the system assumes that the stock or a commodity will continue to act that way. It generates this conclusion based on the formulas programmed into the system some �Black Boxes" also compute a large array of indicators in an attempt to increase confidence of an action recommendation. Most mechanical trading systems buy or sell breakouts. The stock market calls these traders momentum players. Their formulas assume a continuation of that movement. Should that movement fail to continue, the system will generate a loss, plus the commission cost.
forex trader
The bid/ask spread for EUR/USD should never exceed 3 to 4 pips to improve profiting from Forex trading. For an active trader profiting in Forex with a 2 pip transaction cost is highly preferable.
forex trading software
When it comes to the Forex market, you should know that what you assume to be true may not be true at all. You may think that you can use the Forex market to protect your investments. You have learned from reading this however that the Forex may not protect your investments, and one should be diligent in watching their investments in order to avoid anything catastrophic. You may also think that you can get rich quickly using the Forex market. The truth is that short term trading, which is notorious for turning profits quickly, is not for the beginner. Those who have traded for years may try short term investing, but it is very risky indeed. Lastly, you may think that leverage will help you "play with the big boys" and still stay safe. This can be a horrible assumption and many people will over leverage themselves if they are not careful. So, do research, be smart, and think before you act when dealing with the Forex.
More Easy Forex Info
Higher Commodity Prices Failed to Lift the Canadian, Australian and New Zealand Dollars
Tue, 15 Apr 2008 21:57:18 -0400
Both commodity prices and the stock market have closed today, but that has failed to translate into strength for the Canadian, Australian and New Zealand...
Understanding Forex
Forex
Tags: Forex Day Trading
Labels: Forex Software
