It rumored that 95% of traders failed in Forex trading and no longer trader after a few years. Why is such high failure rate? Below is a few common mistakes:
1. Too much expectation to win:
As new traders, you usually win and make a good profits, it somehow called new trader's luck which gave...
The European Securities and Markets Authority (ESMA) has formally adopted new measures on the provision of contracts for differences (CFDs) and binary options to retail investors. To simple, as followed:
1. Max leverage is 30:1
2. ban Binary Options altogether
3. incentives such as deposit...
As of today Feb 25, 2014, the Tokyo-based firm Bitcoin exchange MtGox at www.mtgox.com goes offline and you just get a blank page!
Before this issue, there was a rumor that MtGox halted all bitcoin transactions on the website, rumor also said that the company has problem with financial and they...
Not many Forex brokers offer bitcoin trading at the moment. For now I can list:
- AvaTrade
- Plus500
- Forex-Metal
Details information about those brokers can be found at http://digitalcashpalace.com/tag/bitcoin-trading/
Two others less popular brokers offer bitcoin trading are 1broker and...
Emotions such as Greed, Fear, Poor attitude toward money, etc. are biggest problem of many Forex traders. Winning can cause us over-trading while losing may make us fear trading on the market. Overcome emotions involved you can trade Forex in a better way.
So, how to control the emotions...
FXDD has been getting complain around for cancel trade profits of customers and claim that customers manipulated the FXDD trading system.
Complains are finally heard by NFA and CFTC - FXDD regulatory body. NFA filed complained against FXDD on July 29, 2012 and the investigation has been...
Bitcoin is an online currency that use peer-to-peer technology. The concept was introduced in 2008 by a man named Satoshi Nakamoto, the value of bitcoin as in February 2013 is $22 and $266 in April.
You can say, bitcoin is kind of a currency for the internet - digital currency but not as...
Never trade Forex using advice of account manager from Forex brokers. They are not going to make you rich or successful, they just want to take your money!
Account Manager must never give advice to traders but many traders out there still get called from Account Manager and let traders know...
Trading Forex - watch the news, read the charts, etc. are the most boring. I do focus on trading but I do let my mind fresh by listen to music, mostly instrument music. It's really a good way to clean your mind.
What do you do while you trade? Do you play music, or do other more interesting...
Mostly, everything you need to learn can be found for free on the net. If you spend your afford and searching around, you can find everything you need to be a good traders.
Many Forex "gugu" out there offer one-one couch training or charge you a fee to get into their training lessons or the...
I original posted this on ForexTalk Forum but got permission to share it here also, hope you will enjoy the article. :)
MT4 and MT5 are product of the same company which is MetaQuotes Software Corp. MT5 is latest version of MetaTrader software.
So, what is the different between those two? Which...
The problem of many investors that they want to make money but they lack interest to learn the Forex industry. They may over confident and think that they have enough knowledge to make money in the market.
Most traders totally don't have interest to learn and just focus on finding Forex...
A broker usually offer many types of account such as mini account, standard account, ECN account, etc... and most brokers allowed me to two or more account.
I don't believe in performance of demo account, it does not reflect the actual market so I can open mini account to test the market...
Well, I remember the old saying that you should not put all your eggs in one basket and It is probably true in the financial market.
So,
- should you have at least 2 brokers?
- What is the brokers you choose?
- Your strategies about investment in each broker, such as percent of fund...
Guys, one Jan 17, 2013 there have a withdraw from my partner account, and I did not make that request.
Instantly, the same day I report it to InstaForex partner and shortly later, I receive replied from them said that:
On Jan 28 , 11 days has passed and no reply from them, no money back...
Trade with InstaForex, get 1.5 points back for each trade!
What is InstaRebate?
InstaRebate is a system of partial funds repayment to forex traders after each trade carried out. In other words, InstaRebate helps traders receive additional profit by returning part of commission or spread...
There are many other useful hotkeys. Here is a comprehensive list:
Left arrow — scroll chart to the left;
Right arrow — scroll chart to the right;
Up arrow — quickly scroll chart to the left or (if the scale is defined), scroll chart upwards;
Down arrow — quickly scroll chart to the right or...
Use of the mouse and mousewheel, and their keyboard equivalents
Scrolling the chart
Hold down the left mouse button and drag the mouse in the main chart area, to scroll left/right.
Or you can also simply roll the mousewheel down/up, or use the left/right arrow keys, to likewise scroll the chart...
The system uses a 1 min chart on EURUSD Ive not tried it on other swaps
The basics are
We identify the trend Euro open to UK open with a mechanical process
We then use 2 indicators to judge the best time to enter
We always risk 5% of the account as a stop loss
We always set our TP to 3 times...