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.
Learn Forex

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 […]

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 […]

Unfortunately, the answer for most people or the poorly informed investor, is the opposite. It will break the piggy bank!
Forex trading is not a get rich quick scheme or program. Trading the FX is no different than any other investment you have. You need to become a student of the game. To become a student […]

There are still plenty of people out there that do not believe you can make a decent living off of the internet. Many of us are looking for precious free time to be with family and for a way we can work at home (WAH). I call it “WAH” (Work at Home) because this is […]