Forex trading methods
For many people the Forex markets represent the high risk element of their investment portfolio. The currency markets are often described as being exciting and high risk. This is because you can make high profits on them one minute, only to lose it the next.
It is of course possible to make steady returns from these markets but you will need to become familiar with the markets and learn Forex techniques for profitable trading. Also make sure you are fully aware of the risks that are involved.
It is vital that you don’t over leverage yourself or overexpose yourself to any one trade outcome as currencies can often move in unpredictable ways.
Risk management is one of the most important things that you need to consider when trading any financial instrument and Forex is no exception. Always ensure that you balance your risk and limit your capital exposure.
Many top traders advocate using no more than two per cent of the capital that has been set aside for Forex trading on any single trading outcome.
This will still allow you to make good profits on your account. It will also limit any losses that you incur and will prevent you from facing a margin call on your trading account.
Source: Marc Le Fur
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Thailand is a shifty job market2009-11-18 20:50:45 by feelindrastic
The basis of ForEx trading is that peeps give you their money so that you can grow it for them. Do you know about charting, candlestick methods? Do you golf with the rich in order to gain their confidence? Do you know how many freelance ForEx traders there are in 3rd world countries? LOL...OMG!
Are you young enough to do manual labor? Go hang out by the docks and ask around. Or, take peeps on tours into the N. country. Can you get a job at a hostel/hotel?
I trust Thai job board postings about as far as I can throw a suitcase full of Buddhas. Maybe you can find a work-from-home call center job however, Thailand isn't a US mainstay for outsourcing (that I'm aware of).
Overcoming inhibitions to "live" trading?2005-08-15 10:17:51 by austingeekgirl
I got together with a really great
guy that I was introduced to for the
primary purpose of learning forex.
My guy(we've lived together now, about
11 months) seems to have both some real
intuitive skills but definately the
distinct analytic ones too. He has 4 or 5
primary criteria, support/resistance,
Price /volume charted against special
charting things, which I'm a little
wary to mention, moving averages and RSI.
I'm lead to believe all very standard
Ok, so, he has been having really phenomenoal success (85% wins?)
in demo trading for the last 3 months.
He will typically demo trade between 2
and 4 hours a day.
Here is my quandry. We (mutually) have a modest ($1000) live...
Eur/Usd: Bearish trend persists — BusinessDay
You can keep up with the latest developments by joining our 'Forex Trading' group on http://possessor.org, but for now, let's take a look at how manual trading went last week. On Monday, May 21, the Eur/Usd started out drifting in the Southward …