Tag Archives: Forex scam

The importance of strategy in Forex

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The first rule for success in the forex market is to have a good strategy and to follow it strictly. Few understand that to succeed in the Forex market, the trader must apply the right strategy given the market conditions. Your strategy should begin with how much money you are willing to lose. This may seem a pessimistic scenario, the end of the day the objective is to make money and not lose, but common sense tells you that the Forex market is a game. Continue reading

Why venture into foreign exchange?

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The foreign exchange market is the greatest financial business in the world that deals with trillions of dollars daily. What drives the industry is the constantly fluctuating currency conversion rate of this industry. Large banks and huge financial institutions do FX trading on a huge scale daily. Though this industry was not open to the public for a very long time unlike the stock markets, of late this sector has opened up to the general public. Continue reading

The importance of money management in Forex

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Money management is the most important aspect in forex.Even if the estimates of investment in forex tend to be accurate and correct,in the long term may no longer be,so it is essential to implement good money management techniques. The key for success in forex trading is to take big risks and look for higher profits.But this is true and applicable when dealing with virtual money in demo accounts. Continue reading