The definition of day trading is a trade bought and sold within the same day. Forex day trading is buying and selling a currency pair in the same day, sometimes within the time span of minutes or hours. . Another term commonly used with Forex day trading is ‘intraday’. This means the same. The trade occurs that day. Day trades are an economic boon to the Forex. When would Forex day trading bring the most profit to […]

Forex has many names. It can be called FX, Forex, Spot or Foreign Exchange, yet underneath all those different names, it has one central meaning. Investing, which is of course what you do when you trade on the Forex market. In any investment, never put up money you don’t really have. If the only amount of money you have in savings is your emergency fund but you want to learn Forex in hopes of tripling that amount, […]

So you want to become a Forex Trader. Why? Because you want to become an overnight success, buy your own tropical island and flit there in your private jet whenever the notion strikes you? When you become a Forex trader, anything really is possible and you can see the realization of many dreams through smart currency trades. . But as far as the overnight multi million dollar success goes, that’s probably not going to happen. However, a […]

If you want to become a Forex trader, you’ll need to have a Forex account. There is more than one kind of Forex account, so you’ll need to look into the individual accounts and see which one fits for you. . Though there are more than these three, the most common Forex accounts are the managed Forex account, the standard Forex account and the mini Forex account. Choosing the right Forex account is a big decision and […]

Learning Forex the hard way (by losing your investment) doesn’t seem like too much fun, does it? To avoid making costly mistakes, there are several key pieces of advice you should know. This advice might not make you as rich as you’d like to be, but it can help prevent you from losing your shirt. 1. Know where you stand. For your best chance to succeed in Forex, know what your possibilities are, the possibilities of success […]