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Thread: Forex trader

  1. #11
    sabrinathomas
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    This forum is the right place where you can learn something about forex trading. If you are a new trader, then you must join some more forex forums and some online tutors where you can learn basic forex trading.

  2. #12

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    Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 34.1% in April 2007. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the IMF calculates the value of its SDRs every day, they use the London market prices at noon that day.

  3. #13
    ben6418
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    Forex Trader is the foreign currency exchange simulation software to develop and test your intra-day trading system without risking real money.
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  4. #14
    shirley.williams
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    Keep in mind that if you cannot afford to lose, you cannot afford to win. Losing is a not a must but it is the natural in any trading market. Trading should be always done using excess money in your savings. Before you start to trade in Forex, we suggest you to put aside some of your income to set up your own investment funds and trade only using that funds.

  5. #15
    goldie.kyles
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    The internet has many websites which teach about Forex. One worth checking out is ufxbank.com which provides many articles for beginners as well as all the tools necessary to trade successfully.

  6. #16
    sabrinathomas
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    The forex market provides some of the best opportunities for financial market speculation for retail traders today. It is the most widely traded market in the world, contains the deepest liquidity (this means you can get in and out of trades very easily), and is open 24 hours a day from Sunday afternoon until Friday evening.

  7. #17
    Junior Member Janni's Avatar
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    Nov 2010
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    I'll suggest you to move for UFX Bank as UFX Bank is a leading Forex Trading Broker and provides the most up-to-date charts and news feeds.

  8. #18
    benjamin6418
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    only few of them are making money, because forex market is a risky game and if you are not trading smartly, surely you will loose all your money, So you must start with forex education.
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  9. #19
    kevinjones
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    The human mind is the most difficult facet of Forex trading to overcome. There is no short cut to this except through realization, and coming to terms that we all are human and are prone to mistakes. Once we can recognize this, we can begin to watch out for these “undesirable” mental blocks and take steps to eliminate them.

  10. #20
    shirley.williams
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    Forex Trading is not Easy Money because you need to do good amount of research before you start buying currency and also when you try to sell it off. The currency you first buy is called as ‘Base Currency’ and this is usually in USD[United States Dollars] which is most traded currency ie around 90% overall.

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