What is forex trading? Can forex trading be profitable? How to trade forex? Forex trading tips and tricks... all this and much more is available in this free forex articles educational section. Learn, trade, and profit from forex market with Forex Peace Army.
An FPA reviewer known as Sydneysider left a link to the article in The Australian in a review for CMC Markets. One of the review moderators passed it to the AsstModerator, and he asked me to write about it. I’d like to thank all three of them for giving me the opportunity to write this.
If you can’t win the high leverage game of FX trading as a day trader, you may want to learn a few useful practices. They will save your balance from a complete drain. Usually, novices lose their capital in an attempt to make money quickly. Forex demands more effort than just mindless investing. But even the educated traders are not fully protected from occasional losses. The following guide will save you from the most common mistakes and will give a few useful tips to become a successful day trader in the FX market.
A forex robot or an expert advisor is a piece of computer software that automatically makes trading decisions on behalf of the trader. Forex robots are designed with inbuilt trading rules, which enable them to enter and exit trades without requiring the physical presence of a trader.
While, technically speaking, forex trading is all about knowing what to trade and when, the truth here appears a bit more complex. While we may have the knowledge and be good at something, if we happen to lack motivation, then the potential to succeed is diminished.
Taking their first steps in financial markets, novice traders inevitably face a choice – which trading platform to use? What are the pros and cons of each online trading terminal? How to avoid making a bad shot? This article will be especially useful for those who want to choose the right trading software.