Is Online Social Trading for Me?
Online trading is evolving in front of our eyes, as thousands of new traders join the game. In the recent years, forex brokers surprised us with many new features and innovations. One of which is social trading – the revolution of forex.
What is Direct Market Access?
Direct market access or DMA is a method by which electronic trading transactions are purchased, sold or submitted directly in the stock exchange's order book. Even though it seems like an obvious way to trade, DMA is a fairly recent development. Online trading also does not work exactly like DMA.
Understanding Leverage in Forex Trading
Leverage, in the forex industry, is the practice of using a small amount of capital to control larger investments. It has also been termed by stock traders as trading on a margin. Leverage allows the investor to invest in the market with a small amount of money, as long as the broker offers a margin. It is also a way of ensuring profit even when the exchange rates of foreign currencies fluctuate.
Biggest Mistake in Forex Trading - Part 1
Even most experienced traders have a hard time ignoring the emotions when trading. All of us, traders, fall victim of emotional roller-coaster once in a while. Today let’s talk about ways to overcome the mistakes, avoid serious setbacks and manage to control our emotions the best way possible.
How Amateur Forex Traders Can Beat the Pros
You may be David against Goliath, but you’ve got a slingshot that can take out the big guys. It is hard to believe, but there are distinct advantages to being an “amateur.” Yes, the pros generally have money...a lot more money, access to information and research, contacts in the industry whom can clue them in on big moves, and better technology, but even with their Bloomberg terminals, they often fall short of what better than average “amateurs” do all the time.
Top Foreign Currency Trading Tips for Beginner Traders
Commitment. That is all it takes. Sure, it helps to have knowledge, experience and a large amount of capital to trade, but the key to long term success-forex is not a get rich quick scheme-is the burning desire to succeed, and the dedication to stay in the game. At some point, it all comes together. Here are a few hard fought lessons:
Beginner's Steps to Currency Trading
Foreign exchange or forex trading is all about trading currencies from various nations against each other. This is done at a global level. Currency investing is a great option for people who are planning to earn some extra money apart from their current income. Even students and home moms can jump into currency trading to meet their everyday expenses. To reap the benefits of this business, you ought to understand its fundamentals.
How to Trade American Session?
In the last few years forex trading turned from an unknown investment opportunity to one of the most popular online career. Trading currencies is attractive due to the fact that it is open day and night. A 24 hour market allows you to join in any time for as long as you want to.
Most Important Forex Trading Tools
Forex trading is becoming the top pick among investors online and with increasing demand comes an extensive list of forex brokers with exciting new features and useful trading tools. With overwhelming amount of tools available today, how can you figure out what is essential and what is more of a gadget? Which tools can truly influence your decision and help in analyzing the market conditions?
Tips on How To Avoid Scam In Forex Trading
Forex Trading is open for everyone with a will and power. Your next door neighbor might be making some cash on the side trading online, your university professor could be using his mathematical strategies to profit, even your mother can enter forex trading world and succeed tremendously. Along with “good guys” come the scammers – the cyber criminals. The question is how to avoid scam in forex business?