Currency Trading Information Channel
Your Mother Could Make Money In Forex Trading
The question would be not whether she could but rather would she enter the Forex trading market. The Forex day trading arena is a veritable snake pit ripe for scam artists to bilk money out of unwary investors. On the other hand, it is a forum for educated traders with the correct education, tools, and trading strategy to make a handsome income.
Becoming a successful Forex trader basically comes down to four things; 1) attaining the correct education, 2) using Forex tools which 3) use your own personal trading strategy, and 4) finding the correct Forex broker to fulfill your requirements. Let's look at these individually:
1) Attaining the correct education. Your Mother may not know the difference between a Forex PIP and one of the backup singers for Gladys Knight. So would you send her to one of those infomercial Forex riches classes to find out? We hope not! There are literally hundreds of training courses and materials out there for proper training. Word of mouth recommendations might be the best path to follow here.
2) Forex tools can also do many things like send trading signals and various buy/sell alerts to your desktop or mobile device based on what your personal trading philosophy dictates. Many of these tools are software based and some are provided via your favorite Forex trading sites. Not all people base decisions based on these signals though and use things like technical and fundamental analysis to determine when to buy or sell.
3) It also is essential to develop your own personal trading strategy. Your ability to assume certain risks might not exactly be what other traders or your broker recommends. A Forex trading strategy is not something generic and involves your personal game plan.
4) Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.
One of the most important ways to make the greatest return (and, also carry a greater loss risk) in Forex trading is with the use of a margin account. These accounts may let you trade as much as $100k in currency for as little as $1000. Margin accounts are the lifeblood of FOREX trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.
Used correctly and together, the above items can lead to a comfortable part or full time income. If you don't use all the information available to you, though, you may as well let Mom take the weekend visit to Vegas with her money to see Gladys Knight. Make sure that she has developed her own Forex trading strategy and has used "paper trades" many times before actually beginning trading for real. Better that ole Mom is equipped to make some real money rather than throwing it away on the gaming tables.
Wayne Watson is editor and publisher of Forex Market Explained, a site dedicated to beginning Forex traders. This site is one of many development projects that he has created or contributed to in the past.
MORE RESOURCES updated Wed. July / 24 / 2019
UPDATE 2-London forex trading turnover surges to record high Reuters
Britain's daily foreign exchange turnover rose to a record high in April, the Bank of England said on Tuesday, as investors concerned about central bank policy ...
Forex Trading for Beginners Yahoo Finance
Forex trading can be an exciting and lucrative activity, but it can also be tough, especially for beginners. Newcomers underestimate the important of financial ...
VertoFX raises $2M for its African and EM currency trading platform TechCrunch
VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital ...
Funds Push For Retrial Of $370M Forex Trading Fraud Claim Law360
Two investment funds urged an appeals court Tuesday to revive their $370 million suit accusing a foreign exchange firm of participating in a fraudulent currency ...
Asia Pacific stocks set to trade mixed amid US-China trade developments CNBC
Stocks in Asia were set to trade mixed on Wednesday following developments on the U.S.-China trade front.
A Guide to Trading Forex in Canada Benzinga
Looking to trade forex in Canada? Read our guide to learn about the rules, regulations, and the best brokers to use in 2019.
Forex Trading for Beginners- All you need to know Bulletinland
The foreign exchange (Forex) is the process to change one currency into another. The currency is important for all the people around the world, and treading in ...
Forex Trading Philippines Benzinga
If you live in the Philippines, trading in the forex market has its own set of rules. Learn how to trade, and the best forex brokers to use for 2019.
Forex Trading Opportunities For the Week Ahead [Video] FXStreet
About the Author Sam Eder is a currency trader and author of "The Definitive Guide to Developing a Winning Forex Trading System" and "The Advanced ....
Coinify Commended by Frost & Sullivan for Its Global Growth Excellence Leadership Yahoo Finance
LONDON and COPENHAGEN, Denmark, July 23, 2019 /PRNewswire/ -- Based on its recent analysis of the global financial services market for ...
The essentials of trading currency Dhaka Tribune
Many people enter the forex market not really understanding what it is or why they are even wanting to trade. You might have heard that you can make lots of ...
How ex-banker made fortune in forex trading The Nation Newspaper
A former banker with Zenith Bank, Patrick Ogagbor, quit his job to become a full time professional Forex trader. Today, he is happy he made the decision, writes ...
A Detailed Look at Forex Trading Kalkine Media
In simple terms, forex trading, is the currency trading. It is one of the most liquid and traded financial markets in the world, with transaction volume exceeding $ 5 ...
QuantBroker - Multi-functional New Digital Currency Trading System Yahoo Finance
NEW YORK, NY / ACCESSWIRE / July 19, 2019 / The main goal of QuantBroker (QB) is to solve the problem that the liquidity of the digital money market is ...
FCA seeks to ‘give teeth’ to forex trading code with endorsement Financial Times
The UK's financial regulator has endorsed a voluntary code outlining good conduct in currency trading for the first time, in a move intended to boost compliance ...
Turkish lira trading volumes in London down 40% from year-ago levels - BoE data Euronews
LONDON (Reuters) – Average daily trading volumes of the Turkish lira fell by 40% in April from a year earlier, the Bank of England said.
Trump talking about crypto can only be a good thing, CEO of top exchange Binance says CNBC
President Donald Trump might not be a fan of cryptocurrencies, but Binance CEO Changpeng Zhao doesn't seem worried.
Tanzania issues new rules to tighten foreign currency exchange controls Reuters
DAR ES SALAAM, June 25 (Reuters) - Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is ...
Learn how to short a currency IG
Discover how to short a currency, including how it works and some of the financial instruments you can use to go short.
Trade Idea – I’m Looking To Buy Gold On A Retracement To The $1350 – $1380 Support Range FXStreet
Trade Idea – I'm Looking To Buy Gold On A Retracement To The $1350 – $1380 Support Range – July 23rd, 2019 Trend: Bullish Relevant Key Levels: Support.
Five Key Secrets of the Successful Forex Trader - CTN News Chiang Rai Times
There is no doubt that forex trading is a powerhouse when it comes to currency trading. According to trusted forex broker, Statistics show that over $5 trillion are ...
Dollar ends flat in lackluster trading on Monday FXStreet
Market Review - 23/07/2019 00:41GMT. Dollar ends flat in lackluster trading on Monday The greenback traded largely flat in directionlsss trading on Monday as ...
How does the currency market work? NuWire Investor
The currency market also called the Foreign Exchange, Forex or the FX maket, is an increasingly popular market for traders looking to make quick profits through ...
Listless currency markets frustrate forex traders, Companies & Markets News & Top Stories - The Straits Times
Listless currency markets frustrate forex traders, Companies & Markets News & Top Stories The Straits Times
LONDON • Currency markets are so listless that the head of European foreign exchange (forex) sales at Nomura has taken to selling bonds instead.. Read more ...
Forex Tips: 5 Reasons Why You need Trading Software The Hack Post
Think forex trading is easy? Do you think it's a matter of looking at price tics and buying orders? If so, think again. Because this is a career path. And it takes skill ...
Slumbering FX confounds traders, prompts fear of rude awakening Reuters
LONDON (Reuters) - Currency markets are so listless, the head of European foreign exchange sales at Nomura has taken to selling bonds instead.
Is Forex Trading a Scam? DailyForex.com
Where there is money involved, there are scammers. the potential rewards in trading are higher, but, some of the best traders in the world make 20% a year.
Three indicted for illicit currency trade services Taipei Times
The Taipei District Prosecutors' Office yesterday indicted the owner of a Taipei-based company and two accountants after an investigation implicated them in ...
There is no solution to illegal forex trading: President Mnangagwa Khuluma Afrika
PRESIDENT Emmerson Mnangagwa says his administration has no immediate solution to dealing with illegal foreign currency trade despite admitting its role in ...
Sentiment Analysis for Forex Trading MENAFN.COM
(MENAFN - DailyFX) entiment analysis can be a useful tool to help traders understand and act on price behavior. While applying sound technical and.
Is Forex Trading Legal in Canada? Toshi Times
Before you venture into the Canadian forex market, understand the laws and the regulations. Note, the forex trading laws differ across the provinces in Canada.
Why Zimbabwe has banned foreign currencies BBC News
Zimbabwe's government has taken the controversial decision to ban local trading in foreign currencies, including the US dollar, with immediate effect. It has also ...
GenSan pushes regulation of forex trading activities pna.gov.ph
GENERAL SANTOS CITY -- The city government is pushing for the proper regulation of foreign currency exchange or forex trading and other related investment ...
You may get better forex rates on retail platform Livemint
Trading on the RBI-notified FX-Retail will start from 5 August, though registration for the retail forex trading platform opens from 1 July itself.Initially, banks would ...
What are the most volatile currency pairs? IG
Learn about some of the most volatile currency pairs and how you can trade them.
Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs - DailyFX
Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs DailyFX
The forex economic calendar is chalk full of high-impact event risk next week and puts USD, EUR, AUD, NZD and CNH currency pairs in the spotlight.
Aussie Trading On A Weaker Footing This Morning Action Forex
For the 24 hours to 23:00 GMT, the AUD declined 0.17% against the USD and closed at 0.7033. LME Copper prices declined 1.0% or $58.5/MT to $6007.5/MT.
Global Profit Technologies, Inc. Announces Release of Global Currency Unit (“GCU”) GlobeNewswire
SCOTTSDALE, Ariz., July 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Global Profit Technologies, Inc., a US publicly traded company (OTCMKTS: ...
RBI wants to extend forex trading timings to bring more global players Business Insider India
The Reserve Bank of India (RBI) is proposing to increase timings for forex trade. Currently the over-the-counter forex exchange-traded currency derivatives.
Fed funds futures now pricing in at 59% chance for 50 bps cut in July ForexLive
Up from 34% on Wednesday The chance of a 50 basis point cut in July is now up to 59% (was just at 50%). That is up sharply from 34% late on Wednesday and ...
These 6 stocks have been dragged along by bitcoin's increasingly erratic trading | Markets Insider - Business Insider
These 6 stocks have been dragged along by bitcoin's increasingly erratic trading | Markets Insider Business Insider
Shares of Marathon Patent tumbled 19% on Thursday but are still up by more than a quarter this week. Marathon - which was in the uranium and vanadium mi...
European trading week starts on a cautious note City Index
European trading week starts on a cautious note. European shares started the week on a cautious footing, in most cases only barely higher, with caution spilling ...
Rupee Edges Higher To 68.81 Against Dollar NDTV News
The rupee opened higher and moved in a range of 17 paise against the US dollar on Thursday. After opening on a strong note at 68.76 against the dollar, the ...
Where UK Monetary Policy has Failed | Andrew Sentance | Podcast DailyFX
The state of UK monetary policy and its impact on Sterling. - How negative interest rates work for the likes of Switzerland and Japan. - Global recession and the ...
10-year jail for buying, selling Bitcoin; a status check of cryptocurrency trading in other countries - The Financial Express
10-year jail for buying, selling Bitcoin; a status check of cryptocurrency trading in other countries The Financial Express
In bad news for crypto enthusiasts, digital currency trading may see a blanket ban in India if the recommendations by the government-appointed panel are ...
What The RBI Hopes To Achieve By Extending Forex Trading Hours BloombergQuint
An internal working group of the Reserve Bank of India has proposed longer trading hours for the foreign exchange markets, as a way to counter the growing ...
Genesis Posts Strongest-Ever Quarter with $746 Million in New Loan Originations Business Wire
Genesis, an industry pioneer and leader in digital currency trading and lending, today released its Digital Asset Lending Snapshot for the second quar.
Online article on digital currency trading passing off as ST report is fake AsiaOne
SINGAPORE - A fake news article on digital currency trading passing off as a report by The Straits Times has been making its round online. The page, which ...
FOREX-Dollar rises to a 2-week high on debt deal; Swiss central bank eyed Kitco News
LONDON, July 23 (Reuters) - The dollar firmed to a two-week high versus its rivals on Tuesday, a day after U.S. President Donald Trump and congressional ...
USDMXN trades to highest level since June 10 ForexLive
Looks toward the 200 day MA at 19.35557 The USDMXN has extended to a new high for the day at 19.33438. That took out the highs from the end of June at ...
Social trading: what is it and how is it changing the market? Raconteur
Social trading brings ease, accessibility and word-of-mouth credibility to investing through platforms where investors can share strategies.
Riyad Capital launches forex trading services Arab News
Riyad Capital has announced the launch of Forex Contracts Trading *Service* via Riyad Forex. “This *service* comes along with multiple options of currencies ...
USD/CAD Canadian Dollar Lower as Debt Ceiling and Trade Hopes Gives Greenback a Boost MarketPulse
The Canadian dollar lost 0.18 percent versus the US dollar on Tuesday. The loonie had a lively session being up against the USD at one point threatening to ...
Dollar falls as Fed's Williams' remarks stoke rate-cut bets CNBC
The dollar extended its losses against the euro, yen and other major currencies on Thursday as remarks from New York Federal Reserve President John ...
Pound to Euro exchange rate: Will a new PM and a new Brexit mandate Boost GBP's Value? - Pound Sterling Forecast
Pound to Euro exchange rate: Will a new PM and a new Brexit mandate Boost GBP's Value? Pound Sterling Forecast
The pound to euro exchange rate has struggled to make any impressions over recent days, but with the UK's new Prime Minister set to be announced later this ...
Riyad Capital launches Forex Contracts Trading Service Saudi Gazette
RIYADH — Riyad Capital announced the launch of Forex Contracts Trading *Service* via Riyad Forex. This *service* comes along with multiple options of ...
Gold Price Weekly Forecast: Fed Drives Next Leg Higher DailyFX
The price of gold made a *fresh* six-year high Thursday, fueled by dovish Fed commentary. This stimulus comes on the back of recent, heavy, central bank buying ...
Currency Trading for Beginners Benzinga
If you're new to currency trading – look no further. FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning ...
Never lose hope in currency trading business Rocky Mountain Collegian
Sponsored *Content*: Never lose hope in currency trading business A good trader will know about the right kind of performance in the business. It is very.
Seeking security in the forex market World Finance
Despite being one of the world's most precious metals, there was little interest in trading gold as a commodity for much of the 20th century. Global economies ...
Future Returns: The Risk and Reward of Foreign Currency Exchange Markets Barron's
While most advisors recommend leaving the foreign currency exchange market to the pros, individual investors are increasingly entering the market as ...
EUR/USD Forex Signal DailyForex.com
EURUSD: More bearish but 1.1199 strong support.
Best platform for Forex trading Augusta Free Press
Forex or as most people know it, foreign exchange, is a decentralized world market where people can trade, buy or sell currencies.
48 Crypto Exchanges Approved in the Philippines Bitcoin News
The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko ...
Gold Prices Push Above Unchanged As Traders Buy The Dip Kitco News
(Kitco News) - The gold market has moved to daily highs in late-morning trading Tuesday, with modest gains, as traders stepped in to "buy the dip" on some ...
Trade currency pairs: your guide to trade currency pairs Capital.com
Currency trading takes place on the foreign exchange, or forex, market. The forex (abbreviated as FX) market is a global decentralised market for the trading of ...
Apply "the secret" to forex trading success ForexLive
What's "the secret" behind successful traders? The Forex market is the largest trading network in the world with $1.8 trillion dollars being exchanged every day.
Forex trading – what are the best currencies to trade? Capital.com
In the world of currency trading, an essential fact is frequently overlooked, which is that foreign exchange rates are reference numbers, not expressions of ...
Learn the Basics of Trading Currencies FX Empire
Learning the basics in currency trading is not complicated. Building your own strategy to make and making it work is a different story.
Zimbabwe Trade Union Demands More Stable Currency, This is Why Crypto is Important newsBTC
A Zimbabwean government policy to ban the use of the US dollar and other currencies has been met with bitter opposition by the largest trade union in the ...
Venezuela loosens currency exchange controls to allow forex trading Reuters
CARACAS (Reuters) - Venezuela will allow local banks to open foreign currency trading platforms as part of a loosening of the OPEC nation's exchange controls ...
What to Expect From Colgate-Palmolive in Q2 Market Realist
Colgate-Palmolive to announce second-quarter earnings. Colgate-Palmolive's sales and EPS could stay weak. High valuation is a concern.
Forex Trading Tools Benzinga
FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning customer *service*, actionable data and powerful ...
What is Forex Trading? Complete Beginner's Guide MoneyCheck
Forex is the art of buying or selling one currency for another - Find out more in our complete guide to Forex Trading for Beginners.
FX Trading - Currency Trading FXTM
Discover the details of foreign exchange, currency trading, currency pairs, forex market hours, forex trading fundamentals, trading signals and more. | FXTM ...
Gold Price Outlook: Gold Snaps Back from Highs, Support in Sight DailyFX
Gold prices have finally found some resistance that could pose pause in the bullish move, following the print of *fresh* six-year-highs during yesterday's trade.
Forex Trading – What You Need to... Forex Crunch
Forex trading is popular with many people because you do not need to make a large investment to get started. However, while it's certainly possible to.
AUD/USD Forex Technical Analysis – Looking for Test of .6940 to .6914 FX Empire
The Australian Dollar is trading sharply lower at the mid-session on Friday and in a position to close lower for the week. After posting its second potentially ...
How Does Forex Trading Work? FinSMEs
Forex trading is one of the most profitable money-making options — a successful trader can double their investment in 6 months. However, it is also extremely ...
Banishing forex trading is 'Good times are back!' for chefs, 'Nhamo yamakandiwa yadzoka!' for povo - Bulawayo24 News
Banishing forex trading is 'Good times are back!' for chefs, 'Nhamo yamakandiwa yadzoka!' for povo Bulawayo24 News
Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has cleared the air on a number of issues surrounding the abolition of the multi-currency ...
Forex trading: Understanding account types and differences ForexLive
Instaforex: See what different account options are available to FX traders There are a number of different account types available in the FX sphere and this article ...
The Twilight Trading Hour Strikes Currency Markets Again The Wall Street Journal
There is a fragile spot in the $5.1 trillion currency market: early morning in Asia. This one- to two-hour period when U.S. traders are heading home—but market ...
How to Trade Forex | Forex Trading Examples IG Bank
Follow six steps to easily start trading forex. See forex trading examples, learn how FX markets work and find out what you need to do to place your first trade.
Currency Traders Should Get Ready for Big Move in the Dollar Bloomberg
Currency traders should brace for a large move in the dollar, if past periods of low volatility are a guide.
Are forex trading signals for you? ForexLive
What you need to know about signals from UBCFX Foreign exchange or forex is defined as the exchange of a nation's currency for that of another is. Overall, the ...
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions Bloomberg
Follow Bloomberg on LINE messenger for all the business news and analysis you need. Singapore is grabbing an opportunity measured in milliseconds to win a ...
A Guide to Forex Trading in Hong Kong Benzinga
With FOREX.com, you will get competitive pricing, award-winning customer *service*, actionable data, and powerful trading platforms to help you make the best ...
5 forex trading tips to help you find success in the market Born2Invest
Forex trading provides investors an immense opportunity to earn money. Here are some ways to become a top forex trader.
What Are The Benefits Of Forex Trading? ValueWalk
As already mentioned, Forex trading does not cost a lot of money if you are beginning, especially when compared to equity markets.
Proper Forex trading plans are never too aggressive AZ Big Media
Most control must come to risk management. There will be a good trading performance if you can handle the trading performance with that. In this article, we are ...
How to Trade Forex - and Is It Worth the Risk? TheStreet.com
Trading currencies is an enormous part of the world market. Here's how it works and whether it's worth the risk....VLKAF.
Forex Trading Strategies: Complete Beginner's Guide MoneyCheck
Forex trading is a financial product which offers investors a great path for wealth creation in both short and long-term trading options.
Forex trading volumes fall 9.6% to $1.62 trln in May - CLS Nasdaq
LONDON, June 10- Average daily foreign exchange trading volumes fell 9.6% year-on-year in May to $1.62 trillion, CLS said on Monday, as calmer.
8 Trading Strategies for a Low Volatility Forex Market Nasdaq
Are you frustrated by tight ranges and getting chopped up when currency rates do not move as much as expected? Are you frustrated by the lack of sustainable ...
Best Forex Trading Mobile App Benzinga
FOREX.com is one of the the largest forex broker for traders. You will get competitive pricing, award-winning customer *service*, and powerful trading platforms to ...
FX Futures: How Currency Trading Revolutionized Finance TheStreet.com
Financial futures today represent 90 percent of global futures trade, with currency futures being the first financial futures product to trade 45 years ago. Today's ...
5 Tips for Investing in Currency | Investing 101 U.S. News & World Report
Currency can help balance a portfolio but investors must be careful.
How to Start Forex Trading in South Africa: A Complete Guide • Benzinga Benzinga
Learn more about how to start trading forex in South Africa, including what you'll need to start and the best forex brokers.
How to Start a Career as a Forex Trader NuWire Investor
Making a consistent profit in the forex trading industry is extremely hard – something many newbie investors find out the hard way. Before you dive into a life of ...
The new risk proxy for currency traders isn’t the one you’d expect MarketWatch
When investors duck for cover in times of market turmoil or dial-up their risk appetite when things are rosy, there is a new currency of choice — and it...