Online trading is great way for serious investors to make money,
but inexperienced traders often wind up with big losses. A good
set of instructions can minimize the risks and save months of
expensive trial-and-error learning.
Day Trading had its heyday during the bull market of the 1990's.
All the amateurs have since dropped out, but day trading is
still being practiced by professionals. There are fewer
opportunities in the current market, but skilled investors can
still find them if they know what to look for.
The Foreign Exchange Market (FOREX), the world's largest
financial exchange market, originated in 1973. It has a daily
turnover of currency worth more than $1.2 trillion dollars.
Unlike many other securities, FOREX does not trade on a fixed
exchange rate; instead, currencies are traded primarily between
central banks, commercial banks, various non-banking
international corporations, hedge funds, personal investors and
not to forget, speculators. Previously, smaller investors were
excluded from FOREX due to the huge amount of deposit involved.
This was changed in 1995, and now smaller investors can trade
alongside the multi-nationals. As a result, the number of
traders within the FOREX market has grown rapidly, and many
FOREX courses are appearing to help individual traders increase
As a matter of fact, it's advisable to take FOREX training even
before opening a trading account. It is vital to know the market
mechanics of FOREX, leveraging in FOREX, rollovers and
analysis of the FOREX market. Due to this fact, potential FOREX
traders would do well to either enroll in a FOREX training
courses or even purchase some books regarding FOREX trading.
There are pros and cons to enrolling into a FOREX course. For
beginners a FOREX course is a rapid method of learning the
basics of FOREX trading. Not much time is spent on history of
the market or arcane economic theories. Often, on-line or phone
support from a skilled FOREX trader is available to answer any
questions. Also, the information is condensed and practical,
often with graphs and charts.
The disadvantage is the price, as courses are more expensive
than a paperback from the bookstore. Also, the course may just
teach the approach of the trader who wrote it, and individuals
have different trading strategies. The student may grow
accustomed to the logic and focus of the teacher without coming
to realise that nothing is predictable in the FOREX market, and
many different strategies will bring profits in varying market
circumstances. Also, knowledge of practical applications may not
be enough, as the FOREX is highly unpredictable and there are
many external factors, such as political issues, affecting the
flow of finances in the market.
The best advice would be to do some background research on the
FOREX market first, and then enroll in a course.
About the author:
Frank Hague has always been interested in the Stock Market.
http://www.forex-now.info - http://www.lazytrader.com -
Assessing the Opportunities Presented by the New Iraqi Currency
Could it be possible that you are staring right into the most spectacular financial opportunity of the century? Operation: Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, American victory, and the rise of a nation...
Forex Trading: Create Fantastic Wealth From Forex Trading
What is currency trading?
How can you get rich and powerful from currency trading?
Who can do currency trading?
Can you do currency trading from any country of the world?
Until six years ago, when the United States Congress passed a law and...
Short Introduction to Elliot Waves as a Resource in Forex Trading.
The Forex market has the largest volume of trades per day among
all the capital markets you can trade. This characteristic
together with it's high leverage and around the clock trading
schedule makes Forex very attractive for traders around...
The Basics of Forex
Foreign exchange market is also known as Forex or FX market. To date, it is the world’s biggest “economic bazaar”. FX produces an average of over $1 trillion daily earnings. That is 30 times more than combining all the volumes of America’s equity...
Where's the Money?
Where's the Money? By William Cate July 2004 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] To create a US$100 million Multinational Corporation will take US$100...
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest / trade in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading.
** The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.