Online Forex Trading
Posted on March 23, 2008 - Filed Under Finance | Leave a Comment
Foreign Exchange, commonly referred to as Forex or FX in short, is the trading of currencies of various countries. Every country, or union of countries, has its own currency. The purchasing of one currency by selling another currency is achieved in Forex trading. Foreign exchange trade is the biggest financial market in the world. The volume in terms of amount in Forex transactions, happening daily all over the world is 100 times more than what is executed in stocks in NYSE (New York Stock Exchange). It has been estimated that on an average trades amounting to USD 1.5 trillion are being completed daily in the global Forex market.
Read More..>>Forex Charts - 6 Common Mistakes That Cause Equity Wipe Out
Posted on January 13, 2008 - Filed Under Finance | Leave a Comment
Forex charts and technical analysis is a great foundation for a successful forex trading strategy but most novice traders keep making the same mistakes and lose.
If you don’t want to join them, avoid these common forex chart mistakes!
1. Using Useless Indicators
These are indicators based upon flawed logic and are mostly loved by the far out investment community and in the hall of fame we are going to place:
Fibonacci numbers, Elliot wave theory and cycles.
They all come from the markets move to scientific theory brigade.
Really?
Read More..>>
