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 FOREX is the abbreviated termed used to describe the world's largest foreign currency exchange market where of 1.5 Trillion dollars is traded on a daily basis.   This more than 100 times the trading volume that occurs on the NYSE, and is fast becoming the hot spot for individual investors.  A market that was once only accessible to large corporations and government entities is now available to individual investors with online trading accounts.  Despite the hype and excitement around this market, is it right for you? ACCESSIBILITY.   Unlike most investment markets that open and close with the ring of a bell, the FOREX market is open 24 hours a day, six days a week.  Trades can be made anytime the market is open from your home computer through the major trading centers located Sydney, Tokyo, London, Frankfurt and New York.  Because of this you can act instantly upon news that may affect the market.   LIQUIDITY.  Beca...