Category Archives: Forex Trading

Money Management: What Are The Rules of Proper Risk Control?

I bet you are eager to learn the secrets to be a profitable trader

Surprisingly most new traders jump on the forex market with no specific plan thinking that they will make thousands of Dollars in record time. You see trading is not that easy of a job. Yes it is a job, not a leisurely activity but simply a job which needs to have some strategic plan in place so that it may be performed properly.

In my early days of trading I did a common mistake that most new traders tend to be a prey of, which was ignoring my Money management rules. This one mistake was the cause of my failure in the currency market.

Quite surprisingly, being a good trader doesn’t require having an awesome system that wins 95% of the time. A lot of new traders get caught up in the hype of the amount of money they can make and forget about the proper trading size they should use per trade. This major mistake causes a lot of traders to blow their whole account in a matter of days. Simply because they ignored the Money Management rule.

Money management is in other words the back bone of your trading. Having well thought rules and sticking to them will help you stay in the FX arena for longer. Bear in mind that trading is to some extent a game of probability, a reason why to have a good money management rule in place.

To make things easier, I have outlined those critical Money Management rules below.

* Risk only 1-2% of your total account per day. (You will thank me for that)

* Your trading size should be less than 1/10th of your account size.

* Always use a Stop Loss when trading. Remember to place your SL at a decent swing low/high so that you do not get thrown out of the market too early by some stop-hunters.

* Always use a decent Stop Loss so that you are not thrown out of the market too quickly. I use a 15 minutes chart to access my SL when I trade off a 5 minutes time frame.

Those rules are ridiculously simple but heavily ignored by many new comers in the trading world. Following the critical points stated above will greatly help you in your trading. This will undoubtedly keep you in the game long enough to be profitable.

Below is a sample of trading lots you should be familiar with:

1 Lot = 100.000 Units of a currency. Pip value = 10 Dollar

0.1 Lot = 10.000 Units of a currency. Pip value = 1 Dollar

0.01 Lot = 1.000 Units of a currency. Pip value = 0.1 Dollar

Risking only 2% of your total equity will result in you having to pick the right lot size to trade.

For more information on how to become a super successful Forex trader, read my full review of Forex Mentor and Candle Charts and grab your copy of FREE Forex Video Courses.

Making Easy Money on Global Forex Trading

There are different forms of business. But the easiest way of making money is to trade forex. One of the leading providers of forex trading in real times basis is the global forex trading. It started out its operation since 1997. It gives chances to individuals to trade forex online on real times and it offers an opportunity to most forex brokers to earn millions each day.

Global forex trading is currently serving over one hundred countries. It uses the DealBrook FX2 software and provides twenty four hours access on the forex market. It is also equipped with the highest quality of consumer service which is widely available in the industry of forex trading. The forex brokers are given the opportunity to have an access on the prices of over sixty currency pairs and provide analytical services from renowned experts. The traders are also updated with the latest news bulletin on currency status and available forex charts. Global forex trading is the only provider of trading platforms on forex suitable for beginners as well as professionals.

There are various advantages when trading forex. It is very accessible since it is open twenty four hours besides having the most liquid market. The leverage strategy is always available wherein the traders have the option in using a 100:1 leverage. This reduces the need for larger capitals that is to be opened on the traders account. Forex trading has no commission and the trading is widely available over sixty currencies all over the world. Forex trading is globally available that is why the traders have wider trading opportunities regardless of any market conditions.

Don

Forex Signal Trading: Thing You Should Look For

The Forex market is one of the most popular ways to earn money. In fact, many people even became millionaires almost overnight. First of all, the Forex market is the largest and the most liquid market in the world that operates 24 hours a day and generates exchanges that amounts to 3 trillion dollars each day.

With this kind of features, everyone would want a piece of the action going on inside the Forex market.

However, with all the money making opportunities that you can definitely have in the Forex market, there are also risks involved. It is a fact that many people who traded in the Forex market lost, and some of these people suffered extreme financial loss. Because of this, before you join the Forex market, you should have the proper knowledge and skills on trading currencies.

The Forex market is simply the buying and selling of different currencies around the world. It operates 24 hours a day, making it the most liquid market in the world. With all these things, people are willing to invest money in the Forex market in order to make their investment bigger.

In the Forex market, there are tools that you can use in order to maximize your earning potential. An example of a great tool that you can use in the Forex market is the charts. The Forex charts provide visual information of what

Tips on Managing Islamic Forex Trading Accounts

Forex trading also became popular to many Muslims. Like any other traders, they have an option to manage their own accounts or open a managed Islamic forex accounts. Forex accounts that are managed are created for people who do not have the ability in devoting their time on foreign exchange transactions. This is also an option for people who do not have the expertise in dealing with the forex markets. They can hire professionals who are available for managing forex accounts.

Forex account management is a very competitive and serious business. Many investors are allocating some portions of their funds on forex accounts that are managed by professionals. This is very helpful in reducing the risks and mitigating any losses arising from portfolios which include bond market and stock. Remember, the forex transaction is separated from the stock market, which is why the losses and profits are also separated.

Islamic forex trading accounts can enhance the portfolios of the traders in great ways. Keep in mind that Islamic forex trading accounts which are professionally managed regardless of the account or the manager of forex trading you have chosen should provide these things:

– The Islamic forex trading account is not tied on the operations of stock markets. It should provide better returns than treasury bonds or other money generating instruments in the market.

– It is very important that professionals who handle your account have expertise. The company should have a good reputation on the forex markets. The foreign trading accounts should be managed by experienced professionals. Take note, most transnational firms and foreign banks are employing the best people who always outperformed others. It does necessarily mean that you hired people who are graduates of Harvard. It only emphasizes that the traders should hire better trained people who can successfully manage their Islamic forex trading accounts.

– The company or professionals that handle your Islamic forex trading accounts should know how to leverage to gain maximum profits. The manager can book profits both from the rising and falling currency markets. It is recommended that weekly or monthly reports are provided for every forex transactions together with the real time reports.

– The Islamic forex trading accounts has liquidity. It should offer the traders easy money withdrawals from investors within specified intervals of time and during emergency cases.

– The Islamic forex trading accounts which are managed by professionals uses tools on statistical analysis to optimum results and maximum profits. It is because: