Month: April 2017

Making Forex Day Trading Successful

If you are serious about daily Forex trading, where trading positions are usually held open for a day, then you need to allocate a portion of your time daily to do so. Many day traders may try to balance their usual job, where they know full time with Forex trading, but some of them may fail to reconcile these things. However, this reconciliation can be accessed if you plan it properly and commit to the necessary time to trade and also tried to keep you updated on the latest Forex news and offers.

Schedule your time

Just like anything else you might be serious about, you will need to devote several hours to the daily forex trading. If you work for example from 9 am to 5 pm you can trade Forex daily from 7 pm to 10 pm because the Forex market operates 24 hours a day and six days a week. You can even trade on Sundays where you are full of your original work. The other day will give you the opportunity to study the latest trends in the Forex market.

Internet resources

Forex trading on the Internet offers a range of the best options that are comprehensive and smooth. Many sites display the latest Forex news through daily electronic newspapers, which will enable you to stay informed of the latest events in the market. You can read some news topics such as the expectations of cutting interest rates in Europe or the weakness of a country’s currency due to its political circumstances. Epix Trader Scam is not just about daily news articles but also about basic and technical alerts. These alerts can be received around the clock and may have five or six alerts a day, so these alerts will enable you to learn about the latest developments before you start trading. Forex trading systems on the Internet can send all important alerts through e-mail or even mobile phone and thus will reach this information to your fingertips, regardless of where you will be. You will not have to wait until you go home and open your trading account to get the latest news. These features will give you a real ability to see everything that is going on in the market and thus enable you to make daily trading decisions faster.

One of the other sources that will help you make your daily trading more successful is the online Forex forums. These seminars will help you expand your overall knowledge base and give you the opportunity to learn an invaluable trading strategy that can be used in your Forex investment.

Epix Trader

Epix Trader

The 7 Undeniable Rules of Forex Trading

Before I talk about the seven rules of Forex trading adopted by a number of full-time traders who have achieved great success in this area, I would like to tell this story.

There was a lion, a donkey and a fox who were always keen to go to the forest together to hunt rabbits. After a successful fishing day, the three of them sat on a pile of rabbits and the lion’s face spoke to the ass saying, “Mr. Donkey, please divide the rabbit heap into equal shares between the three of us?” The donkey counted the rabbits and divided them into three equal pits for each of them. The lion jumped immediately and ran out of his ass to kill him. Then he collected all the rabbits and threw them on the donkey’s head. Then the fox was asked, “Mr. Fox, please divide these rabbits among us?” The fox took one rabbit out of the heap as his stake and then said, “Sir Assad, this is your share,” referring to the large heap of rabbits. Assad said, “Mr. Fox, where did you learn how to divide this just way?” The fox said to him, “The donkey taught me.”

The lesson of Epix Trader Scam story is to learn from the mistakes of others. Now we can proceed with the seven rules that will benefit you as mentioned above because they are the product of the experience of a number of successful traders.

Rule # 1 Never risk more than you can afford to lose, because you will lose money as all traders do, so make sure you do not suffer another important thing when this happens.

Rule # 2 Never risk more than 2% of your trading account in a single transaction. For small account holders, 2% of $ 300 will be up to $ 6 and you will actually need at least $ 15 to trade so you can raise it to 5%. But once your account has increased enough, make sure you return it to 2%.

Rule # 3 Always use the Stop Loss command. If you have not specified where to place a stop loss order and limit orders before you start the trade, Epix Trader Scam is better for you not to trade from the original.

Rule # 4 Be aware of the exit point before you enter the deal.

Rule # 5 Experiment Trading First: You should be successful with paper trading first so make sure there are no obstacles on your way before you open a real account.

Rule # 6 Take a break when your balance drops dramatically.

Rule # 7 Do not let your feelings and emotions dominate you: stay alert and calm and able to group your thoughts. Patience and pure mind are the winners of the game

Managing The Forex Accounts For You

Managed Forex accounts can be considered a great opportunity for people who do not have enough time to be able to deal in currency trading. Monaco Treasure Review is also useful for those who do not have experience dealing in foreign exchange markets. For this reason, there are professionals in the market who deal with managing Forex accounts. Managing Forex accounts is very serious as well as being a competitive first-rate business. Many investors prefer to allocate part of their money to managed Forex accounts by professionals. This will help them diversify risks and also absorb the losses that may result from their other portfolios in the stock and bond markets. Since Forex transactions are separate from those in stock markets, profits and losses are also separate.

So such custom accounts have made Forex a way to enrich the investor’s portfolio very well. Professionally managed Forex accounts must have the following, regardless of the Forex Trading Manager or the type of account you choose.

Monaco Treasure

Monaco Treasure

Forex trading account should not be linked to stock market operations

A managed Forex account should generate a better return on Treasury bond yields and other market instruments

Professional experience is essential. The company must have a good reputation in the market and have experienced professionals in dealing with Forex trading accounts. Most foreign banks and international companies employ the best experts in this field. It is not necessary for a forex account manager to have a degree from Harvard University but in most cases he must have received good and sufficient training.

Companies that manage Forex accounts professionally should have the ability to use leverage to maximize profits.

The Forex account manager must be able to make profits in all market situations, whether bullish or bearish.

The company should also provide weekly or monthly performance reports to clarify its forex transactions, as well as provide immediate transaction reports if the investor needs them.

Forex trading accounts should be liquid in nature. Where they should provide ease of withdrawal of funds by investors at certain times and in emergencies as well.

Depending on the company you choose, you will find many types of currency Monaco Treasure Review Trading accounts you can invest in. These accounts may be named by many names such as global Forex Accounts or adventurous Forex accounts and perhaps high value Forex accounts and so on.

For example, global forex accounts may deal in many foreign currencies, many of which may be non-liquid currencies such as the Russian ruble or the Indian rupiah. Other types of accounts, such as Forex, may deal in the most liquid currencies such as the US Dollar, the Japanese Yen, the British Pound, the Swiss Franc, the Canadian Dollar and the Australian Dollar.

Forex trading accounts also vary according to another factor, namely the initial investment required. Some Forex trading accounts may require an initial investment of $ 10,000 while others may require $ 50,000. Other types of accounts may require an initial investment of $ 100,000.

In order to manage the currency trading professionally, forex trading account managers use many statistical analysis tools to enable them to achieve the best possible results and profits. Therefore, taking the above factors into account will help you choose The Monaco Treasure currency trading box that best suits your needs.