Singapore is the fourth largest foreign currency trading centre in the world This is according to the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2010 conducted by the Bank for International Settlements. The next time this survey is conducted is
The answer to consistent trading profits (for any kind of trading, not just forex trading) can be found in another activity – firing a weapon. Anyone who has fired a rifle professionally should be acquainted with the concept of ‘grouping your shots’. A close grouping on the target board by a firer is very similar to consistent trading results.
There are many strong reasons for individuals to trade forex only. Indeed traders want to find markets that may suit their personal way of life. However anyone who excludes himself from trading other markets without giving it a try is depriving himself of many opportunities. There are 3 reasons that traders should look at other markets especially if he wants to trade for a living.
Hey! Forex Trading is so like a Role Playing Game! I enjoy playing computer games when I have the time, especially Role Playing Games aka RPG. For those of you who are not familiar with Role Playing Games, they usually look like this: A RPG
A forex scam could also happen to stocks, futures and commodities. It is a fraudulent setup that represents itself as a legitimate broker. It is set up to swindle money from traders who deposit trading capital.
When I was learning to trade forex in the beginning, my trainer mentioned “dead cat bounce” during class one day. It was the first time I heard such a term. I thought that it was invented by the trainer because it sounds so weird.
‘Mind’ is an important leg of successful forex trading. Individual psychology or mindset plays an important role. Some individuals face higher hurdles than others because of their own mindset. The good news is that this is not cast in stone.