over the coming couple of weeks we will be outlining the kinds of things that you should be looking for in a potential broker.
Many new traders are unaware that differences even exist between brokers, for example they are not sure what terms such as ECN, Dealing desk and clearing house mean, and are even less...
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Many new traders cant just jump right into trading full time because they have other commitements that require a regular income to maintain. If this sounds familiar you may be frustrated with the fact that many forex traders seem to be day traders or scalpers, something that you just cant do at this stage. This does...
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Day trading is another popular style that most new traders attempt, and would like to become proficient at.The basic premise of day trading is that all trades are opened and closed within the trading day. On wall street a day trader is usually defined as someone who takes around 100 trades per month, this equates...
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Scalping is probably the most popular style with new traders. It basically involves taking lots of small quick profits throughout the trading session, and aggressively reducing the risk in each trade also.Scalping is completely unconventional in the sense that it relies heavily on a very high win/loss ratio whilst only utilising a very small risk reward...
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Over the next few weeks i will be covering the various different ways that you can trade the Forex market. The aim isnt to pigeon hole you into one particular style, but rather to inform you of the pro’s and con’s of each style.
As you may be aware i strongly advise each person to allow...
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