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Forex Market Myths VII – You Need a Lot of Money to Trade Currencies

What is the minimum capital needed to trade profitably the forex market? There is no straight answer; that would depend on your goals, expectations, and tolerance to risk. Compared to other business opportunities the currency trading is a very affordable occupation.

Forex Trend Trading – Why It Is Unwise to Trade Against The Trend

Whenever you read anything about trading on the Forex market you will see a disclaimer stating that Forex trading is very risky and no advice here is intended as to how you should place any of your individual trades. The reason for this is simply that it is true you can lose everything you had in a very short time when you trade the Forex or any commodities futures market for that matter. Therefore, anyone who is talking about trading the Forex has to be very careful to make everyone knows he’s not giving explicit market advice, unless however, he is. I am not. However, even though any type of trading can be risky, there are some things some traders do that are more risky than others. In this article, we talk about one of those things.

Forex Market Myths V – You Can Accurately Predict the Market’s Moves

Despite of what some market gurus want you to think you can’t know, with 100% certainty, what the market is going to do, or when, the good news is that you don’t have to know to have a profitable career as a forex trader. Trading is a game of odds and your job is to keep the odds in your favor. Here are some ideas I would like you to consider:

Easy Forex Strategies: Range Trading

One of the best Forex trading strategies for the beginner is range trading. The reason is that it is probably the easiest strategy to use. It is not just beginners who use this type of strategy, a lot of very successful professional traders also use it. While it is a fairly simple strategy there are a few things that you have to be careful of when you are range trading.

Easy Forex Strategies: Day Trading

Of all the Forex trading strategies that you can follow the most common is probably day trading. Forex is a lot better suited to this type of trading than other investments are so it is one that you should definitely look into. It is an especially good strategy for the beginner since it does not require you to hold positions overnight.

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