The Frontiers Of Trading

By:  Ivan Cavric I’m going to be 100% honest with you and tell you the following before you consider trading currencies: All forex traders, and I mean all traders lose money on trades. Ninety percent of traders lose money, largely due to lack of planning and training and having poor money management rules.  Trading forex is not for the unemployed, those on low incomes, who can't afford to pay their electricity bill or afford to eat. You should have at least $5,000 of trading capital (in a mini-account) that you can afford to lose. Don’t expect to start an account with a few hundred dollars and expect to become a kazillionaire.  The foreign exchange market is one of most popular markets for speculation, due to its enormous size, liquidity and tendency for currencies to move in strong trends. You would think traders all over the world would make a killing, but success has been limited to very small percentage of traders.  Many traders come with false hope of making a g...

By:  Ivan Cavric While paper-based investments and real estate are vulnerable to effects of changing times, gold soars. A precious metals investment may save a portfolio when all else fails. The old Chinese curse, “may you live in interesting times”, has particular relevance to the current epoch of U.S. history. There’s a lot going on right now, much of it scary. Major investors around the world are responding to the events of our perilous age by sinking their dollars, deutschmarks and yen into gold, silver and palladium; Bill Gates, Warren Buffet , and billionaire speculator George Soros to name but a few. Big financial institutions like the Central Banks of Russia and China are also leaping onto the metals bandwagon driving the price of these precious commodities ever higher. This is spurring a gold rush not witnessed since the Misery Index years of the 1970s. Many financial experts now view gold in particular as an island of stability in a paper-based investment market growing ...

By:  Ivan Cavric You can find lots of websites online which offer advice on the newest and the best trading systems that you can use in the Forex market. New traders are often fooled into purchasing these trading systems in the hope of earning more profits. Don’t make the same mistake. You have to check these trading systems before you finally decide to employ them. The internet is full of scammers and some of the trading systems don’t really work or are fraudulent. You have to choose only the best and reliable systems. Reliable trading systems can bring in more profits if you use them consistently and in a disciplined manner.  Most Forex traders are looking for the best trading systems available online and perhaps you’re looking for it too. You have to be realistic when looking for an efficient system and so you will need to consider several factors. Some systems are very hard to understand. You must ensure that you understand the system’s logic before purchasing it. Only by ...

  By:  Ivan Cavric Many novice traders have gambling mentalities which they have acquired from other pursuits such as horse racing. They mistakenly believe that they can transfer their winning strategies from those activities easily across to trading. Some even think that trading should be easier because it does not comprise uncertainties such as a horse breaking its leg or falling ill.          If you identify with this mindset then you must get rid of it as quickly as possible otherwise you will suffer severe financial losses trading. This is because although trading may appear to be a simple two-way bet from initial perceptions, it is in fact a very complex entity. You can gain an understanding of this feature if you realize that the financial markets have an astonishing daily turnover. The question you need to ask is what on this planet is capable of generating such a massive amount of money. The answer is the combined trading actions performed by ...

 by:  Ivan Cavric With the amazing growth of the Forex Market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals. Have Faith In Yourself To reach the level of elite Forex trader, you must trust in yourself and your Forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of).   Of course, you will prepare yourself fully before ever risking any money. Accept Your Learning Curve Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fail to this reality day in and day out. You, however, will not risk a dime until you have learne...

by:  Ivan Cavric How to predict the future by studying the Past - Technical Analysis: The best traders don't discount one or the other but understand that having an understanding how the fundamentals influence market sentiment gives him/her an edge over those traders who don't. In my opinion, TECHNICAL analysis is the easiest and most accurate way of trading the FOREX market. "The number's don't lie" - all available information and its impact on the market, are already reflected in a currency's price. Prices move in trends - the foreign exchange market is mostly composed of trends and therefore a place where technical analysis can be very effective. History repeats itself - over time, certain chart patterns become consistent, predictable and very reliable. The question is SEEING them. PRICES MOVE IN TRENDS The traders who don't believe this obviously have no need to implement a trading methodology on technical analysis. But, research has shown t...

by:  Ivan Cavric           Many companies persistently launch heavy marketing campaigns promoting the image that novices will become very wealthy from Forex trading in no time at all. Large quantities of products are continuously advertised that guarantee almost instant success. However, historical results and statistical results portray a much darker outcome by emphatically indicating that about 95% of all novices lose their entire invested deposits within 3 to 4 months from startup.           As a priority, novices must develop a powerful mindset if they wish to trade Forex successfully. They need to understand the importance of stressing the psychological aspects of trading because it is this that will finally decide their fate. Of course, Forex tools, products and techniques are important, but it is their correct usage over time that will ultimately determine how successful you will be at trading Forex. You can gain an...