Market Order
Generally saying, market order is an order to buy or sell at the current market price. As for as an example, EUR/USD is currently trading at 1.2140. As if you wanted to buy this exact price, you would click buy and your trading platform would instantly execute a buy order at that exact price. If you ever shop on Amazon, it’s like using their just a simple-one click ordering. You like the current price, you click once and gotcha; it’s yours! The one and only difference is you are buying or selling one currency against another currency instead of buying something weird or things which are not important to you at the present time. (more…)
January 6, 2010
Forex Orders – Types and their importance
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December 28, 2009
Accepting losses – The psychology behind
One of the real culprits, we believe, is in the difficulty traders have in separating the reality of a losing trade from the psychological sense of feeling like a loser. At some level, many traders equate losing with being a loser. This frustrates them, depresses them, and makes them anxious-in short, it interferes with their future decision-making, because their P & L is a blank check written against their self-esteem. Once a trader is self-focused and not market focused, distortions in decision-making are inevitable.
A particularly valuable section of the classic book Reminiscences of a Stock Operator describes Livermore ’s approach to buying stock. He would sell a quantity and see how the stock responded. Then he would do that again and again, testing the underlying demand for the issue. When his sales could not push the market down, then he would move aggressively to the buy side and make his money. (more…)
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December 24, 2009
CFD Trading – An Introduction and Risks Inherited
There’s no doubt CFD is a risky business. A contract for difference, or CFD, is a legally-binding contract between two parties, buyer and seller, where the seller agrees to pay the buyer the difference between the current value of an asset and its value at contract time.
Here are the main reasons CFDs don’t suit everyone or are risks to the traders.
Overtrading
One of the silent killers to any account is overtrading. Many people who overtrade are able to stay at breakeven for a length of time and some can even be slightly profitable, but unfortunately many end up in a losing rut, finally unable to climb out.
Trading too large after successive wins (more…)
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December 9, 2009
Online Forex Trading Platform – Deposit Bonuses For Different Accounts
The forex trading skills, the natural responses to trading situations, the method in which a forex investor deals with the trading will all vary from one forex trader to another. The kind of trade volumes that one would like to handle is also based the skill level, the ability to invest, the risk appetite and their confidence level in dealing with the forex investment process.
So, based on the volume that one is prepared to deal with in online forex, they can choose to have different accounts in forex trading. The trading activity of all the forex investors are not the same and therefore the kind of account of is classified as bronze, silver, gold, diamond, VIP etcetera based on the amount of money one is capable of trading with.
Based on the kind of account type one might hold in forex, they will get the benefits accordingly. For those traders who are depositing money regularly in to their forex accounts, they will be getting a said percentage of money in deposit bonus for the forex accounts in the online forex trading platform. (more…)
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December 2, 2009
What are the similarities and differences between Mechanical and Discretionary Trading System?
When it comes to trading forex, there are two most commonly used types of systems and they are: – Mechanical and Discretionary Trading Systems.
All traders use one or another system approaches to a trade; some use either the discretionary trading system whereas some use mechanical trading systems. It depends upon the mood and the suitability of the trader’s trade. To be clearer about these approaches of trading, let’s talk about the Advantages and Disadvantages. (more…)
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November 23, 2009
Spot Market Or Real-Time Market Is A Buzz Word In Today’s Global Economy
Spot market or real-time market is a buzz word in today’s global economy. Every deal cannot be fixed futuristically in anticipation of lucrative profits in the unstable and turbulent marketplace of today. Even developed economies and fool proof investment companies have bitten the dust due to the turbulence in the marketplace. Hence the significance of spot price in forex trading or stocks trading gets further propelled into the limelight. Basically a spot market is a commodity or security market where the goods available are sold for liquid cash and immediate delivery is done without any lag between actual payment and processing and delivery. If the goods are available, payments are made then delivery is done. Simple! The contracts which are bought and sold in these spot markets come into instantaneous effect. (more…)
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November 16, 2009
How do I get started planning forex?
To anything to succeed, first you need a plan and this rule is also applicable in forex system. So better prepare a plan and stick to it. It’ll present a whole bunch of insights in front of you so that you can trade with more accuracy and much effectively.
1. Before you begin trading, you ought to decide upon yourself what kind of trader you are. Are you a scalper or a day trader or a swing trader? You can be anyone of them. Depending upon your personality and your trading style, you will have completely different setups, charts, mentalities, indicators, trading times, etc. But there is a difference among each category of traders and the major difference between them is the time length that each one holds a trade. (more…)
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November 15, 2009
Why forex market is different from any other investment?
>> Forex market though being highly risky, but comes with a high leverage; which is good for profits if played safe and well. A good leverage ultimately means good profit and huge risk at the same time. So, try to trade in a low leverage so that you will not have to suffer from huge losses, and you’ll also enjoy good deal of profit. (more…)
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November 7, 2009
The most common indicators used in Forex market
Indicators are the tools that help the traders identify the new and continuously changing trends in the forex market. Though traders use many sort of indicators to find out about the currency market status, but here we will be listing the most common indicators used by the pros as well as the novice ones in the currency market. (more…)
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November 3, 2009
An Introduction to Binary Option Trading
Hey, so what the heck is this binary option trading? One more added term in forex? Well, very simply, a binary option is an option where the payment can be done either from some fixed amount of some asset or nothing at all. In a binary option trading, a buyer accepts a contract to purchase an original asset at a fixed price at a time that is predetermined in the future. However, the asset is not bought by the trader himself, but he/she takes the option to buy it. A fixed price is mentioned for either buying or selling, and that fixed price is known as strike price. (more…)
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