Forex Trading Articles
Dont understand Currency Trading?
I understand stocks and i want to learn currency trading. i read a lot articles. i used the forex demo trading system. For some reason i do very well. I started out with 50k and in 20 days had 100k. and i have never had a negative trade. Every trade i did had positive return out of it. I dont know if im ready. i made over 1200 pip gain over 20 days and i only did this part-time. Like 2 hours a day. Somebody told me (trading is an art) i guess my purpose in life is to trading currency but i dont understand. Im a hvac tech. Do you think i should start to use real money?
Please don’t.
Long ago, there was a book someone loaned me, The Richest Man in Babylon. The concept was to save money (10% was their figure) and invest it. Well, the student character in the story passed his lessons on to someone else and together they pooled their cash and bought some pearls or gems (I forget which). It turns out that they were worthless. The advice then given was “stick to what you know”.
Your purpose in life is not trading currency and playing a simulator is not the same. Unlike stocks, where you really don’t lose more than you put in, futures can be extremely vicious. It can bite you. If the price suddenly goes against you, limit up (or down) for several days in a row, you could get a margin call for you to put up still more money. You could actually owe far more than you may have been prepared to put in. This is something that happened to me several years ago. My broker teased me with that old line, “There are bold traders, there are old traders, but there are no old, bold traders.”
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Currency Derivatives: Pricing Theory, Exotic Options, and Hedging Applications (Wiley Series in Financial Engineering) $65.00 A groundbreaking collection on currency derivatives, including pricing theory and hedging applications.”David DeRosa has assembled an outstanding collection of works on foreign exchange derivatives. It surely will become required reading for both students and option traders.”-Mark B. Garman President, Financial Engineering Associates, Inc. Emeritus Professor, University of California, Berkeley.”A … |
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The cost of technical trading rules in the Forex market: A utility-based evaluation [An article from: Journal of International Money and Finance] $10.95 This digital document is a journal article from Journal of International Money and Finance, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: We compute the opportunity cost for rational risk averse agents of using technical trading rules in the forei… |
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The Forex Traders Guide To Mastering Stress $4.99 Forex Traders Less Tress Equals More SuccessAre you stressed? It’s almost a silly question; just about everyone would say that they’re feeling stress to some degree or another. If someone says that they’re not feeling any stress, you may wonder if they’re just not paying attention! Just listening to the nightly news can cause stress and anxiety levels to rise, as can driving in traffic and paying … |
