Tag: forex traders

Worst 10 mistakes of managed forex investors

Worst 10 mistakes of managed forex investors

Trading Articles
We all make mistakes, but ours do not cost as much as these guys’: Toshihide Iguchi As a bond trader for Daiwa Bank’s New York office, Iguchi lost the bank $1.1 billion over 12 years from 1983 and 1995. His trades were consistently making losses, but rather than own up to his mistakes, he sold off the bank’s assets worth $733 million and customers’ securities worth $377 million. These illegal trades were done in an attempt to recover the lost money from his investments. Nick Leeson Working as a trader for Barings Bank since 1989, he initially made good profits, but then his luck turned and he started making losses. Instead of reporting them, he hid the losses, which accumulated to £208 by 1994. The largest losses came in 1995 when the Kobe earthquake hit Japan while he was h

Forex Trading: A Disciplined Approach Means Treating It Like a Business

Trading Articles
Achieving success in the complex world of currency trading can be a daunting task. Newcomers to the genre are frequently discouraged by the apparent length of time that must be invested in acquiring knowledge and free demo experience before active trading with real money can commence. Forex trading is high risk under high stress conditions. Specialized training is a must, but many beginners stumble early on in their learning process due more to psychological factors than most anything else. Next to knowledge and experience, controlling one's emotions is paramount. Studies in trading psychology have continually confirmed that our minds can become our worst enemy, especially when the conditions involve real money and high stress, as with forex trading. Even Warren Buffett, who most likely...

Mirror trading platform – Tradency

Trading Platforms & Software Reviews
The Tradency platform is a gateway to a wide range of tested Forex Mirror trading strategies. It enables automatic real-time execution, based on the trader’s individually selected strategies. The Tradency platform uses cutting edge technology to provide traders with a user friendly interface, rich graphic indicators and robust execution. In addition, the platform offers innovative trading tools such as smart filters, T-Score and comprehensive, real-time strategy status cards, designed to assist traders in making educated trading decisions. The Mirror Trading Concept The Tradency platform introduces Forex traders to the mirror trading concept, a new method in trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders. In order to start trading,

Forex Scalping Explained

Trading Articles
Forex scalping is one of the most used and highly demanding forex trading strategies nowadays. In the Forex scalping methods, trading is done over shorter time frames and profits are taken after relatively small moves in the market. Forex scalping is a Forex strategy in which the trader intends to take profits quickly on very small pip movements. Usually the trade is entered and closed quickly, within minutes. Forex scalpers make profits on quick 5 to 15 pip movements. After a while, profits claimed on these small movements will add up. Forex scalping method of trading is different from other traditional forex trading methods where the profits are allowed to run and losses are cut shorter. When somebody is scalping the market he/she is not looking for the big move of the markets; ...
AvaFX Forex Broker Review

AvaFX Forex Broker Review

Forex Broker Reviews
AVAFX was established in 2006, gaining good reputation quickly, and today is one of the most trusted online forex brokers. AVAFX is perhaps one of the most friendliest forex broker with a trading platform that is perfect for both beginner and professional forex traders. Registration process is easy and hassle free, for the Demo account as well as for the Real Money account. AVAFX allows traders 21 days to try out their $100,000 practice account on their advanced trading tools with dozens of currency pairs and Metals. Real Accounts can be funded via paypal, webmoney, or Western Union, while Credit Card funding is instant and customers can immediately access their account with full Forex trading advantages. Incubated by a highly regarded financial institution that manages assets of over...