A Forex Trader’s Lifestyle

Whether you are a novice Forex trader or a seasoned veteran one aspect you must always take into account is to ensure your lifestyle supports successful trading. Forex trading is no different from any other endeavor in life. Whether you are employee, employer or self-employed you must take the time and effort to ensure your environment is conducive to your success.Take a look at your surroundings...

Margin Call Today

Well, it had to happen. After I was forced to make a withdrawal from my account due to the fact I was surprised that someone had given me an NSF check. There simply wasn't much capital left.This means that any sudden moves, as happened today, would cause my account to run out of cash. Well, it did.It's not fun, but at least at this point we are talking about a very small amount of cash. So,...

Forward Test EA Goblin Bipolar - 2 Jan 2008

Firstly, let me say "Happy New Year 2008" for everybody. Hope this year we will be blessed by God with more pips :D .My forward test for Goblin has given profit US$ 515.29 (about 5% from initial equity) with $53 floating loss. Not bad for 2 weeks.It was through twice trend change when EUR/USD was going up from 1.43xx to 1.47xx and then went down from 1.47xx to 1.45xx. Even EA didn't running in...

Forex Speculation?

Have you ever wondered what is meant by the term speculation?It seems to be rather loosely defined. Speculation is the process of selecting investments with high risk in the hopes of making a profit due to price changes. Apparently, if you use that which you purchase, such as consumption of a commodity, or if you purchased something in order to profit from dividends or interest rates, then it...

The ONLY Difference Between Professional Traders and Amateurs Is ...

He's a blog posting from one of my friends on mySpace, Barry. To close the year I couldn't resist posting this for thought!****************************************************Here's a revelation that changed my trading forever:"Successful trading is imply a business of not making mistakes."That has become such a cornerstone to my trading that I actually framed that saying and put it on my wall over...

Forex Trading Made Easy

Are you kidding me? Forex trading isn't easy, it's about as risky a financial endeavor as you can legally participate in.Wait, let me rephrase that... foreign exchange trading is easy, success isn't. Yeah, that's right, that's my tag line. It's true.If you are looking for the easy button, here are some platitudes for you:Buy low and sell high.Have inside access to national economic...