The Frontiers Of Trading

By:  Ivan Cavric Jumping into Forex trading with both feet? Here are five must-know tips on forex trading and mini forex to help you stay afloat in the Foreign Exchange currency market. Know your forex trading market. Educate yourself about the currencies that you trade. The more you know about the country whose currency you’re trading in the forex market, the more accurately you’ll be able to predict which way the money will move.  Pick a forex trading system – and stick with it. Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading. Practice makes perfect – but it’s not the real world. Practice forex trading accounts are great for learning how a particular trading account works – but they’re not the real world. Many experienced traders recommend starting off with a mini forex accoun...

  By:  Ivan Cavric According to most marketing campaigns, Forex trading should be a breeze and you should quickly acquire a small fortune in no time at all. Unfortunately, reality does not support this viewpoint and indicates that a far more scientific and structured approach is essential in order to achieve consistent success. In fact, most professionals would advise you similarly in that you need to adjust your thinking about Forex trading so you can elevate it to the same levels used by experts.  To achieve success at Forex, you fundamentally need to complete a sequence of consecutive successful Forex trades as often as possible. What does that really mean and is it difficult? Let us try and answer these questions by considering the following analysis. For each trade you open, consider that you will need to target an achievable profit of 50 pips that may require you to trade, on average, for about 4 hours. In addition, you will then need to obtain a consecutive sequenc...

  by:  Ivan Cavric One rule of thumb that every aspiring entrepreneur should remember is that to make huge profits, you should know how to do it by yourself—and not rely on other’s efforts. Being independent from other people will help you determine what things are best for your business. Such rule applies on all types of investments, including foreign currency trading, or mostly known as Forex trading. It cannot be denied that Forex is the largest existing market around the world, which is estimated to have an excess of 2 trillion U.S. dollars worth of foreign currencies are traded each day. It is larger than the magnitude of the New York Stock Exchange, which is approximately 50 billion U.S. dollars. Thus, Forex market exceeds all combined equity markets around the world. With such huge wealth circulating around the Forex market, one of your financial goals is to grab a major slice of that $2 trillion average daily turnover in the market. How you will be able to get a sub...

 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 The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.  That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world. Traditionally, access to the Forex market has been made available only to b...

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...