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Get Real!

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March 1st, 2010 by

My path to becoming a successful trader has been a long journey, from starting with illusions about the markets to coming to see the truths of the markets. Nowadays, when private traders usually start out trading electronically, I believe it is even more imperative that most beginning and even many advanced traders overcome those same illusions I had when I first started out. This might be even truer for new traders who start trading Forex with a broker who is also a market-maker. At these

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The industry will face a big challenge with the new regulations over the next 10 years – James Chen

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February 15th, 2010 by

“I remember Francesc’s [Riverola, CEO at FXstreet.com] announcement regarding the launch of the new forex portal website, FXstreet.com ten years ago!”, says James Chen, chief technical Strategist at FX Solution, in an exclusive interview with FXstreet.com on the occasion of the site’s ten year anniversary. James Chen began to trade on the foreign exchange market since the inception of the retail forex market and he could see the very beginning of the FXstreet.com adventure. Author of the book,

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The Magic Of Compound Interest

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February 9th, 2010 by

Let me explain the term “Compound Interest” as simple as I can: Compound interest simply pays you interest on your principal; then, when it’s time to pay interest again, you’re paid interest on your principal AND the previous interest that you earned. In other words, the interest that you’re paid adds to and becomes part of the principal that accrues interest during the next period. This means that you have a continuously growing principal amount without having to make another deposit. But if

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7 rules For Choosing A Forex Broker

forex currency trading

February 9th, 2010 by

With the rapid rise of Forex Trading over the last few years, the number of brokers available in the market are also growing at a rapid rate. Most traders are scratching their heads when it comes to choosing a reliable broker to trade with. Unless you are a bank or large financial institution, you will need a broker to trade currencies. In fact, all individual traders need a broker to trade in the Forex Market. This is a critical step to take before you can begin your journey as a Forex

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Wealth protection and investment insurance in unstable times

eforex magazine

January 26th, 2010 by

For Pizzolorusso, the story started when he was just 14 and working in his father’s mortgage firm. Making a habit of 60-hour weeks, he found his way up from his father’s company to a position as head of a subprime mortgage sales team. He was bringing home more than $100,000 a month, choosing each day which of his five cars to drive, shuttling between two luxury homes, partying in expensive New York City nightclubs. Pizzolorusso, still in his 20s, was living the glamorous life. “We rolled up to

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The Holy Grail for Trading– Proper Money Management

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January 26th, 2010 by

This article is taken from the Forex Journal (October 2009 issue). There are at least 101 theories out there on how to profit in Forex, stocks, futures and more. I personally believe that there is one theory that is essential and critical. That theory is proper Money Management. Money management is all about knowing what exactly you are risking per trade and making sure that level of risk is acceptable to your capital.

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Currency Corner

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January 26th, 2010 by

This article is taken from the YourTradingEdge magazine (JUL/AUG 2009 issue) The author, Wayne McDonell is the Chief Currency Coach of FX Bootcamp. He is a member of the US National Futures Association and registered as a Commodities Trading Advisor. His new book ‘The FX Bootcamp Guide to Strategic and Tactical Forex Trading’ is available from Wiley Publishing. Wayne McDonell provides analysis of the currency market: currency correlations. “I’m just a forex trader… not! I love trading

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Video Interview with Ashraf Laidi: What is essential to know when you are choosing a broker?

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January 26th, 2010 by

Ashraf Laidi, Chief Strategist at CMC Markets, provides us with his scoops about the Brokers selection. In an exclusive interview recorded at the FXstreet.com’s International Traders Conference 2009 in Barcelona, Ashraf comments that the key point in the process is to know the details of your brokers, what is the risk management and which services they are offering and which is the minimum capital they require. But the most important, according to Laidi, is to have an account with more than

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Video Interview with Andrei Pehar: What do you want the broker to offer you?

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January 26th, 2010 by

Andrei Pehar, Chief Technical Strategies at fxKnight.com, lets us know what he wants from brokers. Andrei, in an exclusive interview recorded at the FXstreet.com’s International Traders Conference 2009 in Barcelona, affirms that spread is certainly important, but much more important is the capacity of the broker to solve fast your doubts and necessities in any moment.

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Video Interview with James Chen: Which are the most useful tools to identify trends?

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January 26th, 2010 by

James Chen, Chief Technical Strategist at FX Solutions, suggests us the use of moving averages to identify trends and patterns: ” Moving averages are really good tools to see trends as well as to set resistance and support levels ” James also comments, in an exclusive interview recorded at the FXstreet.com’s International Traders Conference 2009 in Barcelona, the utility of trend lines to place good positions.