Thursday, May 17, 2012
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Forex Basics

Avoid Forex Trading During These Hours!

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forex hours

Although forex market is available 24/5 and theoretically you can trade all the time, there are certain days and hours where all the markets tend to have more action. So instead of turning into a sleep-deprived-pip-thirsty zombie, it makes more sense to carefully choose the time to trade and the time to rest.

Market Hours

The forex market can be devided into 4 major trading sessions:

· Sydney

· Tokyo

· London

· New York

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Articles - Forex Basics

Step-by-Step Money Management

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We all know that money management is crucial in live trading. In case of a fatal mistake, money management can literally save your account from being wiped out clean. What is the right way to control your assets? How should you trade in order to minimize the possible losses?  Are mini accounts helping beginners, or in fact are actually discouraging and more risky? Read more...

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The Best Time to Trade Forex

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Selecting the correct day and time to trade can play a major role in your forex success. Although forex market seems to be available 24/6, not all the days of the week will bring profits. A trader not only has to choose the right day to trade, but also know the best hours. When not to trade? What is the absolute best time for forex? When can you get most earnings? Read more...

Articles - Forex Basics

Forex Demo Practice is Important

(4 Votes)

You are a new forex trader, recently joined the game. The most common way to start practicing forex is to open a demo account, where you can practice your strategy with virtual money. How long should you trade with demo account before switching to real cash? Is it necessary to open a demo account or you should just jump in? Do demo accounts differ from one broker to another? Read more...

Articles - Forex Basics

Typical “Greed and Fear” Scenario in Forex Trading

(4 Votes)

Great forex strategy and all those trading tools available today are just not enough to be successful. A trader needs to work hard on the psychological strength, since whenever there is money involved, fear and greed mixes in.  Without control over these emotions, a trader has difficult time following the trading rules and therefore fails to make rational decisions. What are the signs of greed and fear? What are the ways to buy despite the fear and to sell despite the greed? Read more...

Articles - Forex Basics

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