The key to the FOREX market for the average investor is the margin. Without margin trading currency trading would be beyond most investors. I will explain what the margin is and how it works.
When you have a margin account you are able to control large amounts of currency with a relatively small cash deposit. When [...]
by admin on March 30, 2010
tagged
Amount Of Money,
Borrowing Money From,
Currencies,
Currency Trading,
Currency Worth,
Decimal Points,
Forex Exchange,
Forex Market,
Initial Investment,
Investor,
Leverage,
Losses,
Margin Account,
Margin Accounts,
Margin Trading,
Pip,
Prudence,
Small Changes,
Trades,
Trading Currency
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]
by admin on January 26, 2010
tagged
Common Ailments,
Confidence,
Contracts,
Ego,
Failure,
Impulse,
Losses,
Mistake,
Precise Rules,
State Of Denial,
Stress