• Be aware of scams – Unfortunately there are many charlatans looking to take your money in the forex world. Be wary of the many eBooks and forex trading robots out there claiming to make you rich if you simply buy their product. The bottom-line is there is no easy way to get rich in this world unless you win the lottery or are born with a silver spoon. Forex trading creates the illusion of […]
There are certain things that no one will tell you before you start trading the forex market, the solitary nature of trading in general leaves much of the learning process up to trial and error. Unfortunately this trial and error can become very expensive over time. Here are some things that all beginning forex traders should keep in mind that might just help you save some money and time: • […]
The first question you need to ask yourself before you even consider becoming involved in forex currency speculation or investing is do you truly have disposable income to fund your account with? Disposable income means income that is free for use, which you wouldn’t really be affected emotionally or physically by if you lost it. The bottom line is that most traders start out trading money […]
• Why does the Forex Market even exist? Many beginning traders find themselves wondering why the forex market exists at all. This is a good question and one you should definitely know the answer to before you go any further in learning how to trade the forex market or why should or should not trade it. Currencies are very important to most people around the globe whether they realize it or […]
The foreign exchange currency market, or forex market, is the “place” where currencies are traded. The forex market is the largest and most liquid market in the world boasting an average traded value greater than $1.9 trillion a day that includes all of the currencies in the world. In terms of the total cash value traded the FX market has the largest market value in the world and is open to […]
Forex trading is an exciting way to make some extra money or even to make a full-time living. However, it is important to understand the forex market before getting involved and risking any of your hard earned money it. Many people do not gain a thorough understand of exactly what the forex market is, why they should or should not trade it, and other critical information prior to becoming […]