Currency trading articles
Showing page 3 of 6 - There are 172 Currency trading articles
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- 2007-11-13 22:16:19 - Day trading the index futures - how to judge good entries
- QUESTION: If the SP futures fall through support and go straight down for another two points, and I want to get short, should I a.)enter immediately, b.) two points below support, or c.)should I wait for a pullback and then try to get short?You've got to be patient enough to wait for entries that have two things: first - a high probability of immediate gain, and second - a small potential f...
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- 2007-11-13 22:16:19 - Crisis of confidence in the eu
- The European Union (EU) constitution was dealt a double blow, first by a French "no" vote on 29-May and then by a follow on "no" from the Netherlands on 01-Jun. To add insult to injury, one low level Italian diplomat quickly called for a referendum in Italy to decide if a return to the lira was warranted. Additionally, Prime Minister Tony Blair, who took over leadership of the ...
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- 2007-11-13 22:16:19 - Day trading - moving averages vs support and resistance
- When day trading the SP and Nasdaq futures, do you rely on your moving averages more than your support & resistant areas?During the first hour of trading, the support and resistance zones on the SP and Nasdaq futures are the most important things to watch. The moving averages have not yet had a chance to come into play.After that, if a trend is developing I watch several key exponent...
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- 2007-11-13 22:16:19 - Stopping yourself
- I read on a bulletin board a traders comment that on his first outing trading the E-Mini S&P 500 he lost on each of his trades. He noted though, that had he had a wider stop each of his trades would have been profitable and that therefore he would be trading with a wider stop in future.A wider stop on these particular trades may have worked, but this does not mean that a wider stop per se i...
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- 2007-11-13 22:16:19 - A fools game
- I received an email this week with a question (below) which caused me to think about the wisdom of pursuing trading as a career. Regardless of your trading time span, the skills and concerns of active short-term trading are relevant to all market particpipants.Question: "There are a lot of people who say that day trading is for "fools" and that it is very difficult to make a living fro...
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- 2007-11-13 22:16:19 - The yin and the yang of markets
- I am reading a fantastic book on trading, first published in 1924, by Richard D. Wyckoff, titled "How I Trade and Invest in Stocks & Bonds". Although most of the examples in the book pertain to stocks, the insights into the nature of trading are relevant no matter what instrument you choose to trade.I am particularly drawn to the authors' appreciation of the ebb and flow nature of...
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- 2007-11-13 22:16:19 - Where is the market going?
- If you ask me whether the market will have moved up or down by this time next year, well I may as well flip a coin, because I don't know.If you ask me whether the market will have moved up or down by this time next month, well again, I may as well flip a coin, because I still don't know.If you ask me whether the market will have moved up or down by this time next week, AGAIN, I may a...
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- 2007-11-13 22:16:19 - What i learnt losing ãƒâ€šã‚â£60,000 my first year as a full-time trader
- During my first year as a local (independent trader) on the floor of LIFFE, I bought and sold 8804 FTSE futures contracts, about 40 contracts per day on average. The result was a loss of £61,620 or -£267 per trading day. I was profitable on 55% of days with an average gain of £1009, my average loosing day was -£1780. My bi...
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- 2007-11-13 22:16:19 - A beginner?s guide to forex
- FOREX is the abbreviation for the Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over the world are bought and sold for profit. The market today began in the 1970's. FOREX is a very unique market because it is not based in any particular place, and it also has very few qualifications for investing. FOREX is also free of external controls, and...
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- 2007-11-13 22:16:19 - Day trading success- the key is survival
- Most new traders tend to focus just about all their time and energy on finding nearly perfect "setups", but trade setups, even very good ones, are *not* the key to successful trading. It's the *way* you trade your setups that keeps your losses smaller than your gains. And this is the single most essential key to trading success. To me, the process of limiting losses is more than just money managem...
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- 2007-11-13 22:16:19 - What is forex trading?
- Forex, or Foreign Exchange, is the simultaneous exchange of one country's currency for that of another.The way it works is an investor who wishes to purchase or sell one currency for another with the hope of making a profit when the value of the currencies change in favor of the investor. This can happen either from market news, or events that happen across the globe. For example, If you bo...
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- 2007-11-13 22:16:19 - Forex trading online - 7 reasons why you should!
- Forex trading online is a fast way to use your investment capital to it's fullest. The Forex markets offer distinct advantages to the small and large traders alike, making Forex currency trading in many ways preferable to other markets such as stocks, options or traditional futures. Here are seven reasons why you'll want to look into Forex Trading online.1 - Forex is the largest market....
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- 2007-11-13 22:16:19 - Momentum trading: a practical day trading strategy to get profits from hot stocks
- Momentum day trading can be extremely profitable when done correctly...Day trading momentum stocks can be a very risky adventure. You can lose a lot of money when you pick the wrong opportunities.The stockmarket can present you with a lot of hot stocks every day. Some of them are extremely risky while others are not as good as they seem. When you know how to identify and approach the...
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- 2007-11-13 22:16:19 - Ways to acquire discipline in trading
- One way to acquire discipline in trading..."Hey Joe! When you were teaching us at our Forex office in Florida, you stressed discipline. Our head trader stresses discipline. What I want to know is if discipline can be acquired or is it just something you are born with? I'm having trouble finding it in myself." - trader -Personally, I believe discipline can be learned, althou...
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- 2007-11-13 22:16:19 - Creativity in trading
- "Is it important to be creative in your trading?"I'm not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to a variety of internal and external experiences and a driving need to express one's sense of individual...
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- 2007-11-13 22:16:19 - Dont deny reality
- If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about.Many traders think the best way to deal with unpleasant ideas, events, or personal character flaws is to shut their eyes and pretend they ...
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- 2007-11-13 22:16:19 - Example of a profitable transaction in forex
- To make a profit, in the FOREX, a trader can enter the market as a *buy position* (known as going "long") or a *sell position*(known as going "short").For discussion, let's assume you've been studying the EURO.Your trading methods, rules, strategies, etc., tell you that prices will rise during a particular timeframe. So you buy the EUR/USD pair (or, technically, you will simultaneous...
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- 2007-11-13 22:16:19 - Two timeless rules in forex investing
- RULE #1) ~ Cut your losers; let your winners ride.One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in FOREX land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.Every FOREX trader does. The key to being a consistent, predictable, reliable trader is to, at the end of the day, add up ...
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- 2007-11-13 22:16:19 - Disgruntled
- The following situation happens quite often to many traders. Look it over and see if it has been happening to you:You have been faithfully following your trading plan and the rules you've set for trading. By following them you are now in a trade that doesn't look so good. At the same time, by following your trading plan, you see that you've missed a beautiful move in a different market, one...
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- 2007-11-13 22:16:19 - Experience
- Throughout our course on futures trading, we have tried to point out to you that there is a great difference between having an investor attitude and being a trader. There are also many similarities. In one sense, a trader is someone who invests in his own trading ability. Therefore, in that sense trading is investing. Trading and investing are interrelated. You come to realize this through experie...
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- 2007-11-13 22:16:19 - The nature of the trading business
- Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of p...
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- 2007-11-13 22:16:19 - The secret of reduced margin spreads
- One of the best kept secrets in trading is that of reduced margin spreads. You cannot name a trading method that provides more safety or a greater return on margin than does a reduced margin spread, while also being one of the least time- consuming ways to trade. Have you ever asked yourself why it is that many of the largest, most powerful traders trade spreads? I'm going to show you why!...
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- 2007-11-13 22:16:19 - Money management, part 2
- FEARING LOSSESThere is a huge difference between being risk averse and fearing losses. You must hate to lose. In fact, you can program your brain to find ways to not lose. But not losing is a logical thought-out process, rather than an emotion-based reaction.Two human-based tendencies come into play. The first is the sunk-cost fallacy and the second is the exaggerated-loss syndrome....
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- 2007-11-13 22:16:19 - Money management, part 1
- There are some common mistakes I've seen traders make in the area of money management. First, let's understand what money management is all about.Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money mana...
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- 2007-11-13 22:16:19 - Adaptation to the realities of the market
- Do you think adaptation to the realities of the market is the most important thing?Many times in the past I've written about the need to adapt, the need to be able to change your behavior relative to the market because the markets are ever changing. I've stated that mechanical systems may be workable, but for only a short time relative to the life of markets. You must learn to trade what yo...
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- 2007-11-13 22:16:19 - Forex trading
- Foreign exchange market, or better known as FOREX, is the world's largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast majority of the currency trading or FOREX trading takes place, with a total daily turnover of currency worth more than $1.2 trillion.For havin...
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- 2007-11-13 22:16:19 - The miracle of forex
- My father, who owns a small parts store and garage for vintage British sports cars, called me up recently and droned on and on about how he is getting killed by the Euro. Confused as to how the Euro could possibly be affecting his small and seemingly insignificant business, I asked him how. "Because of the Euro!"He went on to explain, after calming down of course, that the distrib...
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- 2007-11-13 22:16:19 - The seven most traded currencies in forex.
- Currencies are traded in dollar amounts called "lots". One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called "High Leverage".Currencies are always traded in pairs in the FOREX. The pairs have a unique notation that expresses what cur...
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- 2007-11-13 22:16:19 - The margin advantages of trading forex.
- There is one aspect that is considered as one of the best advantages of FOREX Trading. This is related to the amount of money you need to place a trade, this is known as "margin", and in short, this is all that can be lost in a the case you had a bad trade.I state it like this because, even though I know with proper self-taught education you're NOT going to lose as much as you win anyway, I...
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- 2007-11-13 22:16:19 - What are your options regarding forex options brokers?
- Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors who prefer to place orders throu...
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