Owner: Forex Trading Blog URL:http://forex.firepips.com Join Date: Wed, 29 Oct 2008 16:18:10 -0500 Rating:0 Site Description: Forex Trading Blog provides Latest News and Free Lessons to help you trade Forex successfully. Fire Up your trading with us. Site statistics:Click here
What is Forex Pip? 2008-10-29 06:46:38 Price Interest point (Pip) is the term used in Forex
market to represent the smallest price increment in a currency. It is often referred to as ticks or points in the market. The easiest way to understand Forex Pip is to look at that last number from the right in a currency.
If EUR/USD moved from [...]
Do You Have A Trader’s Mindset? 2008-10-28 20:55:23 This is the Part 3 of Money Management article. If you haven’t read the first part then you can read it here “Money Management : A new Approach”
As a trader I need to keep in mind that even the most successful system will have series of losses. This is called Drawdown and it is part [...] Read more:Mindset
, Trader
You Win Some You Lose Some 2008-10-27 17:27:37 This is the Part 2 of Money Management article. If you haven’t read the first part then you can read it here “Money Management : A new Approach”
As you saw in the last post that calculating right trade size is a relatively simple process. Even so most traders don’t bother doing it until they suffer [...]
Forex Money Management : A new Approach 2008-10-27 01:04:11 Have you come across a trader who reported a large amount of profit from a relatively small account? Such stories are wide spread and often attract inexperienced trader’s attention. In this 5 part article we will explore into traders mind and psychology plus look into ways of managing money the right way.
Was it a Fluke? [...] Read more:Forex
, Management
, Money
Exotic Currencies Rebound - Whats Next? 2008-10-23 17:47:18 In last 24 hours Brazilian Real and Mexico’s Peso rebound as much as 5% Is it the beginning of global central bank intervention? Lets Talk…
Brazilian Real has fallen 28% in last two months, causing big Latin American companies to brink of bankrupcy. Apprantly companies lost more than USD 2.2 Billion in derivatives. It is about [...] Read more:Currencies
, Rebound
Forex 24-7 2008-10-06 09:06:21 The forex market is open and active 24 hours a day from the start of business hours on Monday morning in the Asia-Pacific time zone straight through to the Friday close of business hours in New York. At any given moment, depending on the time zone, dozens of global financial centers — such as Sydney, [...] Read more:Forex
Forex Speculation 2008-10-06 07:56:28 While commercial and financial transactions in the currency markets represent huge nominal sums, they still pale in comparison to amounts based on speculation. By far the vast majority of currency trading volume is based on speculation — traders buying and selling for short-term gains based on minute-tominute, hour-to-hour, and day-to-day price fluctuations. Estimates are that [...] Read more:Forex
Forex - From The Begining 2008-10-06 07:54:10 The foreign exchange market — most often called the forex market, or simply the FX market — is the most traded financial market in the world. We like to think of the forex market as the “Big Kahuna” of financial markets. The forex market is the crossroads for international capital, the intersection through which global [...] Read more:Forex
When Does Forex Market Open? 2008-10-06 07:15:17 There is no officially designated starting time to the trading day or week, but for all intents the market action kicks off when Wellington, New Zealand, the first financial center west of the international dateline, opens on Monday morning local time. Depending on whether daylight saving time is in effect in your own time zone, [...] Read more:Forex
, Market
, When Does
What is Forex Mini, Micro and Standard Lot? 2008-11-24 23:15:38 A Forex
Lot is the amount of currency you buy or sell. Say for example you wish to buy 100,000 USD, 100,000 is basically your trade size.
Forex Lot is basically representation of Trade Size in a different format. A Standard
Lot would represent 100,000 of any currency, whereas a Mini Lot represents 10,000 and a [...]
What is Forex Mini, Micro and Standard Account? 2008-11-20 18:37:00 In Forex
market a trader can open account based on different leverage. There are three types of accounts:
1. Standard
2. Mini
3. Micro
The table below summarized all the key differences:
As you can see form the table that the lower leverage accounts usually requires more money to open an account. So if you are new to trading and [...] Read more:Account
How To Monitor Active Forex Trades? 2008-11-19 17:41:48 Monitoring active trades is not as easy it sounds. In this article I’ll take you through several ways of doing it effectively:
No matter what trading style you use it always pays off to watch and monitor your trades once you have placed them. There are several way of doing it and it is up to [...] Read more:Active
, Forex
, Monitor
How To Trade Forex Part-Time? 2008-11-18 18:52:55 All traders live by the dream of trading Forex
Full-Time for living, however most if not all start trading Part-Time first. Here are my tips on how you can achieve your dream:
When I first started trading I faced a lot of challenges, such as what indicators to use, which broker, what strategy etc. Eventually I [...] Read more:Trade
Best Forex Forums Review 2008-11-12 19:00:58 Forums are widespread these days and they are very helpful in collaborating and meeting with like minded people. However forums also add to the already existing noise and makes it harder if not used carefully. In this article we will look at the best forex forums:
Forex
Factory.com:
This is by far the best forum when it [...] Read more:Forums
3% Risk Rule - Who Cares? 2008-11-10 02:05:42 This is the Part 3 of Money Management article. If you haven’t read the first part then you can read it here “Money Management : A new Approach”
Ask yourself these questions: Are you trading Forex to make a living? Or Are you hoping to trade Forex Full Time? Or Do you want to learn how [...] Read more:Cares
What is a Margin Call? 2008-11-03 00:59:39 The term Margin
Call comes from Stock Market. It is essentially a phone call from the Stock broker asking you to put more funds in your account to sustain the open position losses. At this stage trader is required to put more money in the account usually with in 24hrs or else the [...]
Does higher Leverage in Forex Trading help? 2008-10-30 17:26:51 Higher ForexLeverage
may or may not help the Forex trader but it certainly does help Forex broker. Let me explain why.
When you open a position, Forex broker requires you to put aside certain amount from your account balance called Margin Requirement. This margin requirement is based on the leverage the Forex Broker has provided [...] Read more:Forex Trading
, Trading
What is Forex Leverage? 2008-10-30 01:44:02 Leverage simply means the % amount of money you are allowed to borrow from the broker when you open a position. Typically in Stock market when you buy 100 shares of a company trading at $10 per share, you are required $1000 to open the trade. Some stock brokers would let you borrow money from [...] Read more:Forex
, Leverage
Recommend Site To A Friend
