Forex Trading: Good Opportunity Or Scam?Fortunately, thanks to new legislation written in the late 1990’s, forex brokerages have opened up to the general public and offer trading opportunities for anyone who has an interest in trading currencies for profit. In fact, many brokers allow traders to open and trade currency with as little as $250 dollars in an acc... [Read more]
Why Forex?Because there is neither physical location nor a central exchange for FOREX it can operate 24 hours, moving across the time zones from one financial center to another, from Monday to Fr... [Read more]
Forex: No Psychological LimitationsNow, these market averages are almost worshiped like golden calves. Repeatedly drilled into my brain was the concept that there were hundreds (if not thousands) of fund managers and other “professionals” out there with Harvard degrees, decades of experience, millions of dollars under management, and they were all spending 15 hours a day consuming every single bit of market information in the hopes of beating these golden calves by a few po... [Read more]
FOREX Trading-Not Just For The Big BoysFOREX (Foreign Exchange market) is the largest financial market in the world with almost $1.5 trillion traded daily. Compare that to $200 billion in the equity market. Basically, FOREX is the exchange where you can sell one country’s currency for another. Let’s say that you purchase British pounds and then after the pounds/dollar ratio goes up, you sell the pounds and buy more dollars. Until recently this market was only accessible by the major banks, large corporations and those with very large investments. Due to federal regulations, the Foreign Exchange market is no longer a monopoly which means you and I can also profit in this huge ma... [Read more]
Forex Trading: How To Get StartedForex, or foreign currency exchange, trading can be broken down into several key elements. These include a market, your broker, your broker's trading software, and yourself. In short, you will make decisions, enter them into trading software, and watch the results. It isn't necessary for you to know very much else about your broker at this p... [Read more]
