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The only way to manage market uncertainty is by concentrating on our trading strategy. As long as our strategy is well tested in a demo account there is no need, what so ever, to fear market turbulence. It will continue to exist. The strategy should be implemented in a real account without any...

Specializing in trading is possible only when we take up Quant analyst course. Not only does it deal with basics of trading but advanced processes such as statistical data mining, development of algorithms, and creation of advanced trading strategies. The study also covers theory of...

The profit of a full-time trader would be higher if he shifts from part time trading after creating a successful track record. Without succeeding in part time trading, there is no guarantee that a person will make higher returns from full time trading. Trading is all about timing the entry and...

Knowledge is very much important to succeed in the forex market. However, skill or smartness matters the most. Even the most knowledgeable traders fail sometimes but those who have raw skills but lack sufficient knowledge can manage to trade with small success in the market. That is why even the...

Of the four reasons you have provided, the first three reasons contribute to only 30% of forex market turn over. The rest of the volume is from speculators which includes the dealing desks of major banks. The leverage mechanism, liquidity and the 5 decimal quotes provide undue advantage to...

I do not hedge and will not recommend it to anyone. It is very difficult to close position with profits when we hedge. This is because our mind is always tuned to take up or think in a single direction. When we hedge, we should know where to close the hedging position and leave the other one...

The euro is currently in a long-term uptrend. So, those traders who buy the euro during retracements make profit on a regular basis. However, the euro zone is still lingering with so many problems. Unless and otherwise they solve the debt crisis totally it may not be long to see the euro falling...

PAMM and HYIP are different concepts altogether. While modus operandi of PAMM is purely transparent, it is not so in the case of HYIP. There is no legal means to verify where a hyip invests contributors money. Also, PAMM does not guarantee you any fixed profit per month. All the profit made is...

Bitcoin is not a fiat currency (still not legal in many countries). Liquidity is very low. That makes it very much volatile. Unless and otherwise we have a huge capital base, trading in bitcoin will not be profitable. This is because those who trade in bitcoins have considerable reserves in...

There are traders who have made millions in forex market. Trading is all about being calm and composed. It enables a trader to take wise decisions. Lack of mind control and patience is the primary reason for loss. Strategy is important but not the principal reason. The first thing I learn from...

Offline trading hardly exists in financial markets. Gone are those days when traders used to call their broker offices to buy a security. It is time consuming and lacks transparency. With the advent of low cost communication facilities online trading has become the order of the day. A trader can...

As such there are no secrets for succeeding in forex trading. Success in any profession demands determination, patience and mind control. Forex is no exception to the same. The results are experienced sooner in forex trading than any other profession. This makes it quite unique. There is no room...

Speculation always carries considerable amount of risk. Only a trader who is willing to manage the same should trade in the market. Success in trading lies with the ability to mitigate risk. That is why prudent money management is necessary and insisted by successful traders. A trader who is...

Beginning to trade in the forex market is not that difficult. All you need to do is choose a broker who suits your needs, open a real and demo account, practice trading and finally when you are confident play with real money. The big question that lies in front of many traders is "can I...

The first thing I will look for in a forex broker is the speed of processing withdrawals. Ultimately, that matters most to any forex trader. When withdrawal requests are discarded or delayed then it does not make good impression on a broker. The second criteria is the spread. Wide spread is...

The other issue with bitcoin, apart from what you have stated, is that its value rises purely because of low liquidity and speculation. Commodity such as gold has inherent value. So, there is a reason for its appreciation in price. In case of bitcoin, there is no such valid reason. Being a...

I agree with your statement that money and status can be achieved in other business or profession as well. However, when it comes to the time period for achieving the same, forex trading simply beats them easily. No other profession allows this much flexibility in work timings. Apart from that...

A poor person should trade using forum bonus or money accumulated by other small internet jobs such as captcha typing or forum posting. A micro account can be opened to trade in the market. Once he starts making profit, a shift to mini account can be done. Trading should be done only as a part...

In a way forex and HYIPs are linked to each other. While forex is legally accepted process of trading in the financial markets, HYIP is built on collecting money from investors to trade in the market. However, an investor in forex market is in full control of his account and money. In the case...

The best way to develop a trading strategy is through trading experience. It need not be trading in a real account. Even demo trading will do well in creating a reasonably effective trading strategy. A trader can opt for e-books and forums to understand the principle behind the development of a...