Archive for May, 2008
How To Calculate Forex Pips
Spot Forex is traditionally traded in lots also referred to as contracts. The standard size for a lot is $100,000. In the last few years a mini lot size has been introduced of $10,000 followed by the now popular fractional lot size.Currencies are measured in pips, which is the smallest increment of that currency. To [...]
What New Forex Traders Need To Learn
Most new forex traders give up after 3 months of consistently reducing their trading capital.One of the reasons for this is underestimating the work required before one can be a consistently profitable trading forex. You could read all the forex systems in the world but if you do not get all the small forex trading [...]
Attributes of A Successful Forex Trader
What are the main characteristics of the best forex traders?
When I first started trading currencies, I spent a lot of time in forex forums and forex chat rooms. I spent 80% of my forex trading resources looking for that perfect forex system that would make me money every day, every trade and forever. It [...]
Forex Brokers – How To Choose
One of the most important things that a forex trader will do is choose their forex broker. It is true that your choice of forex broker can give you a psychological edge when trading forex currency . Going to various forex forums, you are likely to come across various complaints as to why a forex [...]
