Forex Articles

Mario Singh talks about different forex strategies at his site Askmariosingh.com.

Successful forex trading takes into account all factors that contribute to market movement. While conducting technical analysis is a good way of trading, it is just one aspect of formulating a good trading strategy. To truly be successful, we also need to look at the news because it is the fundamental force that creates market movement.

Trading based on the news is a perfectly viable way of trading. But there actually two ways of forex trading using the news – a directional bias and a non-directional bias.

Directional Bias

Directional bias means that you are think the market will only move in one direction when influencing news is released. This is hinged on the belief that specific news will only push the market to move in a certain direction.

But first, we should talk about what consensus and actual news. The news that will affect the market is always anticipated, day or even weeks before it is released analysts will already release their forecast – whether the numbers will have a positive or negative [Read more...]

As with every new endeavor, getting started with binary options may be a demanding task. There are many aspects of online trading which must be examined before you actually begin to invest. Some of them are obvious, while others require a more careful approach and some financial knowledge. Read on to find out what to look for in a binary options broker and how to minimize risk on this very dynamic market.

The first question that you need to answer is: Which broker is most suitable for me? Well, it all depends on your investment needs and trading abilities. If you are an experienced trader you would probably compare the payout rates of all binary options brokers and choose the one that offers the highest returns. Other seasoned traders will look for particular trading features like OptionBuilder or Open Platform, that allow them to have more control over the trading process. Beginners on the other side sometimes feel attracted by the 60 Second binary options trading because it reminds them of online gambling. Apart from that, the availability of the customer service staff is not necessarily 24/7, especially when the support is provided in multiple languages, and some of the traders require that their account manager should be always ready to help them. [Read more...]

Aside from personal and business purposes, there is another facet of social media sites that is fast gaining interest today. Social media is now being viewed as a rich source of financial and market trading information that can be valuable to people looking for a winning trading platform. With billions of users logging on every single day, sharing and re-sharing data at an unbelievable speed, social media activity can be an accurate, to-the-minute gauge of trends and movements in the foreign exchange market. This characteristic makes social media a great tool to use for forex day trading.

Compared to position trading that takes a long-term outlook, foreign exchange day trading is more immediate and has a short-term perspective. A lot of traders favor day trading because its simplicity suits their hectic lifestyle: you choose a direction, hold on to your trade for a few hours, and make your trade within the day; you also get to see the results within that brief time frame. Given this real-time, fast-paced approach, there’s no other information platform more applicable than the real-time, fast-paced world of social media. [Read more...]

It’s hardly possible to find a person that has never heard of the Forex market, as FX-related advertising has literally seized nearly all the information channels. This sort of invasion has surely triggered a great response from the audience, resulting in spreading myths among both potential traders and those, who have already taken up this business. The present article is targeted at breaking the most common stereotypes and prejudices around the Forex trading.

Myth 1: Forex is scam.

Hundreds of people strive to plunge into the Forex environment after being promised mountains and marvels just within a few days or weeks. Naturally, unlucky fellows get disappointed at having failed to make a fortune. So, they start blaming the entire world in their bad luck, including Internet, brokers, big daddies but not themselves. [Read more...]

I am sure that throughout your Forex trading career, either short or long, that someone has suggested that you trade the news. Or at least use the economic news to help with your trading. Now I am sure that these people aren’t trying to waste your time but that is exactly what they are doing.

Believe it or not but all of the information that you get from reading the news can easily be read in a more efficient way. That way is using a chart, that’s right a regular old candlestick chart will get the job done.

Each candlestick that is printed on a chart tells a different story, being able to read what the story is telling you is very important. Reading a chart at the most basic level is very simple.

A small bodied candle means the market is undecided. A big bodied candle means the market has made up its mind and is ready to go one direction. A candle that closes above its open price is bullish and a candle that closes below its open price is bearish. [Read more...]

People who are not fond of reading the newspapers’ business sections will find these terms highly intellectual, and will feel as if they’re hearing words from a different language – or maybe a little alien-sounding, perhaps. However, for those who are skilled and adept in maneuvering money in these markets, or just those who are frustrated investors, these words are more than what makes up their day.

Forex and stocks what are these two terms, anyway?

Forex                          

Foreign exchange, or forex as it’s simply called, is a market that deals with buying and selling currencies according to their value, with intentions of earning profit. People earn by selling the money they own for a higher value, which means they gain and have more money than the amount that they started with. [Read more...]