Archive for February, 2010

Three Frequent Mistakes

Wednesday, February 24th, 2010

When you start trading on the forex market there are a couple of mistakes that you must avoid. Below are the most common mistakes that occur in forex trading.

1. To much leverage

One of the best advantages of the forex trading is the posibility of using the leverage. One of the most common mistake the trades do is that they use to much leverage. Using to much leverage means that you make a big transaction when you have to little money in the account. If the market moves a little against your position that could result in a big loss for you.

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Forex Scams

Sunday, February 21st, 2010

Popular Forex Scams

Forex scams can have many forms. Some of them can seem very convincing and legal. They all have in common the fact the traders are looking for that magic formula that can make them profits. Unfortunately, there are no easy answers. Below is a short list of the most common forex scams.

1. Signals sellers

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What is Forex?

Saturday, February 20th, 2010
Forex or FX is the acronym for foreign exchange. Different countries have different currencies. For example, we have in Europe the euro, in the United States the American Dollar. A forex trade or transaction would be a simultaneous buying of the euro and selling the US dollar. This trade is also called going long on the euro versus the dollar. But this transaction dosen’t physically take place until the end of it (when you cash in the profits / accept the losses or you lose all your investment).

How dose it work?

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