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Strategies for Profiting from News Trades: Colocation
Many traders have lost money from news trades. I remember my first experience trading the Non-Farm Payrolls report back in 2006, when I lost some good money after being entered on the retracement by my broker. I look back at those early days of foolishness when I constantly went to war against an army with […]
Read Some MoreIdentifying and Avoiding the Common Forex Broker Scams
Do you know why sharks are drawn to blood? That is because it reminds them of food, so they just can’t help themselves. Just like the those sharks in the ocean, we also have the sharks in the Forex market who are drawn to the four trillion dollars that changes hands in the market. They are not […]
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Avoiding the 5 Most Common Forex Trading Mistakes
A major reason responsible for 95% of retail traders sustaining losses in the Forex market is not necessarily a failure to register profitable trades, but rather a constant repetition of 5 common Forex trading mistakes. In this article, we examine these mistakes and suggest ways that traders can avoid them. Mistake No. 1: The market players are squeaky clean […]
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Forex platforms provide traders with the access that they require to participate in the purchase and sale of currencies in the market. They are an advancement of the telephone trades of yesteryear where traders had to call brokers on the phone to place trades, with no control over the price at which a currency was bought and […]
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Recently, I was invited by a friend to help out the wife on a few matters in Forex After a short tutorial, we identified a trade opportunity and I asked her to open the trade order. What followed was a disaster. She ended up muddling the order and opened three positions on the same currency pair, […]
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