Do not trade too short-term - If you are aiming to make less than 20 points profit, don’t undertake the trade. The spread you are trading on will make the odds against you far too high.
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Saleen S7 Twin Turbo in Europe runs for about $670,000.00
This would be on my list…okay maybe after a huge donation to several charities.
Are these types of profits the norm or even possible for the average Forex Trader? Weigh in…
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Trade on the news
A majority of the big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is also when the big players adjust their positions and prices change resulting in a serious currency […]

Tiny Margins
Margin trading is one of the biggest advantages when trading the forex. Why, it allows you to trade amounts bigger than your bank account or more than the total of the dollars you have deposited. However, it can also be dangerous to novice traders as it can appeal to the greed factor or the […]

Become a Student of Forex
Anywhere that you invest your hard earned capital deserves some investment of your time. Learn to read the source documents of Forex news and events - don’t rely on the interpretations of news media or others.

Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail Forex broker is destined for losses. Give your position a fair chance to demonstrate its ability to produce. If you don’t place reasonable stop losses that allow your trade […]

Trade pairs, not currencies - When two (2) currencies are being traded against each other, it is called a “Pair” and the Forex Market consists of four (4) main pairs: Euro-USD, USD-GBP, USD-Japan Yen, USD-Swiss Franc.
The first currency is called the base currency and the second currency is called the counter-currency. For each transaction, we […]

Emotional Trading - Without that all-important strategy, your trades are just thoughts and thoughts are emotions and a very poor foundation for trading. When we are emotional we seldom make the wisest decisions. Don’t let your emotions sway you. As mentioned in other posts, adding the emotional element into the equation makes it strike two […]

Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds have an advantage over small nickel and dime traders during the off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and transfer funds when there is a reduction or lower trade volumes. During these periods their risk is […]

Equity investors already know that higher oil prices negatively impact the stock prices of companies that are highly dependent on oil such as airlines, since more expensive oil means higher costs and lower profits for those companies.
In much the same way, a country’s dependency on oil determines how its currency will be impacted […]