When looking for patterns, it’s important to keep in mind that they’re more of an art than science. Pattern interpretations should be fairly specific, but not overly exacting as to obstruct the spirit of the pattern. A pattern may not fit the exact description, but that should not distract from its robustness. Below are patterns which I have found to be particularly useful and enriching in my personal experience as a professional trader.
Archive for April, 2009
Posted in Forex
Margin is one of the key features that makes foreign exchange trading so exciting a prospect. Without a factor like margin, trading in this area would be completely out of reach for the ordinary man in the street who wants to invest in this area. However, what exactly does “Margin” mean?
Margin allows traders in forex to leverage by controlling a large amount of currency with a proportionately small amount, or what is called a deposit. Essentially a margin account has to be opened through a foreign exchange broker and the trader is then able to control currency lots. Currency lots vary in size but they generally are around $100 000.
The more you understand about any subject, the more interesting it becomes. As you read this article you’ll find that the subject of stock market is certainly no exception.
Keep in mind that the risk-reward dynamic is a little more volatile in the stock market than it is in other alternatives. Closure would be a good time to compare stock market investments to other alternatives.
Posted in Forex
The foreign exchange (forex) market is undoubtedly one of the most liquid financial markets in the world with a daily volume of more than 3 million U.S. dollars. Because of this very liquid nature of the forex market, a lot of people from all walks of life are being enticed to try their luck in forex trading, hoping to double, triple, and – if really lucky – exponentially grow their money through it. For some people, it can be a very lucrative venture. For majority, though, if not done correctly and wisely, it can result to insurmountable losses.
Posted in Investing
Do Government Auctions really sell cheap used cars and trucks? Yes they do, every day. Actually, it’s fairly easy to find decent, inexpensive used vehicles; often for just a few hundred dollars. Thousands of cars and trucks are sold like this every day.
Before trying to purchase a cheap used car or truck at a government auction, there are some things you want to be aware of. In this article we’ll look at both the negatives and positives of buying at government auctions. I’ll give you some long-term strategies that you can use over and over again because it will teach you how to find the very best deals on used vehicles from Government auctions.
An important lesson for new traders seeking to find the right kind of Forex Trader Training is that while the indicators that you view on the charting platforms may seem like they are helping; the truth is they are a restraint to your trading.
You will find this quite illogical and hard to believe. I myself would have disbelieved it if someone were to tell me this during my initial period of forex trading.
When I began as Forex Trader, I utilized every single indicator possible. My goal was to make money in the Forex Market.
Having a college degree or diploma, or even a high degree of mental acuteness will not guarantee success for anyone who engages in Forex trading. And nor will having a lot of financial resources either. If it isn’t one of these obvious and common denominators, then what is ?
To become a success at Forex trading, one has to have a basic knowledge and forehand information of the trading system itself, and its various working elements and technical jargons. Within time and substantial experience, one can then establish a plan of action or strategy as a means of accomplishing ones goals and objectives. Due to the unstable and unpredictable nature of the trade, the more simple and uncomplicated the strategy, the better to keep failures to a minimum.