The difference between Forex trading and gambling is simply the presence of a credible and sustained strategy. Most forex traders fail to prevent really basic mistakes and as such are more gamblers than actual investors. In this article we will describe of the most common mistakes that keep traders from becoming profitable. [Read more...]
Forex Demos : Practice Makes Perfect
January 3, 2011 By Leave a Comment
You must practice develop a credible forex investment strategy to earn a profit. A free forex demo account is great way to learn about and understand the key variables that effect exchange rates. It is also an important means to develop risk management skills. The high level of risk involved in trading demands that the savvy investor build a solid skill base before investing real money.
You can’t randomly pick foreign currencies to buy and sell or you’ll quickly be out of you money. As in poker, luck plays a part in the short run but earning money over the long term requires much more. A forex demo account is a safe place to begin acquiring these necessary skills. [Read more...]
Teaching You To Spot A Scam
December 29, 2010 By Leave a Comment
The recent growth in retail foreign exchange and derivatives has driven an increase in the number of companies and individuals who offer unethical and dishonest products and services. Regulatory authorities like ASIC in Australia and NFA in the US have issued numerous investor alerts relating to scams both in and outside of the forex market. The common scams however that exist in the present day are more sophisticated in their nature and setup. Two of the most well known and publicised scams in the currency market include ponzi schemes, and dishonest signal providers and robot / automated systems. [Read more...]
