Archive for the ‘General Things About Forex’ Category

Trading Anxiety

Saturday, June 25th, 2011

Trading anxiety can be a problem for traders who have suffered big losses. Anxiety can cause lack of confidence, fear of making mistakes, and can take away the ability to be objective.

If you find yourself sick and tiered, upset of your trading account, it is very likely that the risk management that you use is not good enough. To overcome this you must make a plan. Thing about what you did that got you in the current situation. Once you have identified the mistakes, make a trading plan to correct the trading mistakes, write down on paper how you will avoid them in the future, so that you will not end up in the same situation.

Forgive yourself

Nobody is perfect, we all make mistakes. The most important thing is to learn from your mistakes. There are no perfect traders in the Forex market (or any other financial market). Even experiences traders have from time to time a significant lose.

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Posted in General Things About Forex, Miscellaneous Forex |

Introduction to Fundamental Analysis

Tuesday, April 19th, 2011

What is fundamental analysis?

Fundamental analysis is basing an evaluation of a good on important economic data. In forex trading we are talking about this data as economic indicators. Comparing the unemployment rate of 2 countries and trading their currencies based on this information is just one example of how you can use the fundamental analysis.

What is an economic indicator?

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Posted in Fundamental Analysis, General Things About Forex |

When and how to start trading?

Thursday, March 4th, 2010

Before you start trading the forex market, there are a couple of questions that need to be answered. How to chose a boker? Should I use a demo account? What do I need to know before I make my first trade? Let’s talk about this things.

1. Choosing a broker

This is a personal decision for every trader. Some forex brokers offer different options and different benefits that can be very attractive for some traders while at the same time other traders may consider them useless. It is very important that you compare and analyze carefully every forex brokers options and to chose the one that you feel comfortable with.

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Posted in General Things About Forex |

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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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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