Latest Articles

Evaluating the Forex Market
Learning to trade the forex market can be a valuable lifetime financial skill. The road to financial freedom requires a toll be paid in the form of perseverance and dedication. The journey starts with a single step and that step should be in the...

Starting Out in Forex Trading
The foreign-exchange ("forex" or "FX") market is the place where currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.8 trillion per day. The forex market is open 24...

Understanding Concepts of Online Forex Trading
The largest financial market in the world is known to be the Foreign Exchange Market often referred to as the Forex or FX market. On a daily average they have a turnover of about one point nine trillion U.S. dollars. This forex trading market is...

Becoming a Successful Forex Trader

Making the decision to trade forex, whether its full time or just once in a while, requires answering a lot of questions about yourself and your methods. If you haven't been able to answer some fundamental problems, it's probably not time to attempt trading for a living. You have to make sure that in addition to working out your forex trading system you need to create a workable equity management system as well.

The forex market will do what all markets tend to do. At times that means taking on a, seemingly, life of its own. Do not be too eager to jump into the game with a large stake until you've come to terms what exactly you're trying to accomplish. And certainly don't be too quick to jump from a secure situation or job into the trading game full time unprepared. You have to realize that emotions, and likely your success, are directly related to the size of your margin account. If you see that your account is dwindling and, assuming you're relying on this money for living expenses, you might find that your emotions start to affecty the way you trade. Pretty soon, greed keeps you in too long or fear takes you out too soon, and you are forced to break the trading rules that you

had previously formed.

If you want to become a serious and successful forex trader, you need to know how much you can lose and how much you need in your bank account to be comforable psychologically. After you've answered these questions honestly and accepted your finding (and of course established a proven trading system, etc.) then it will be time for some serious trading.

If you plan to trade forex full time, you need to treat it like a job or a business, and not like a get rich quick scheme. You have to manage your finances, adjust your lifestyle as needed, and work hard. Your success will not necessarily depend on your IQ or someone else's trading system. It will come from your work ethic and your discipline, and your ability to maintain your emotions and follow through on the plans and systems that you've worked so hard to establish.

Happy Trading!

The Forex Pub provides forex trading articles and resources to help traders learn to trade forex for profit and fun. Please visit http://www.forexpub.com for more helpful forex and foreign currency trading advice.


Written By: Earl Lord




BBC News (blog)

FOREX-US dollar slips, but strong trend remains intact
Reuters
NEW YORK, Feb 8 (Reuters) - The US dollar drifted lower on Monday as a modest recovery in overseas stock markets and commodities ...
WORLD FOREX: Euro Manages Gains, But Sovereign Debt Issues LoomWall Street Journal
WORLD FOREX: Euro Down As G-7 Fails To Produce Greece Debt PlanMarketWatch
Euro decline against dollar slowsEconomy News
Forex Hound -Reuters -Reuters
all 2,610 news articles »

DailyForex

Forex: US Dollar mixed as EUR/USD hovers around 1.3650
CountingPips
By CountingPips.com The US Dollar has been mixed in forex trading as movements against most of the major currencies have been muted with little economic ...
Forex: USD/JPY breaks past 89.55, and reaches 89.75 highNASDAQ
Forex: Dollar and Yen showing strength on economic uncertaintyFXstreet.com The Forex Market
Daily Forex Outlook - Market Quiet, Still WeakEasy-Forex
NASDAQ -NASDAQ -NASDAQ
all 90 news articles »

RTT News

Forex: Pound drops against Dollar and Euro, weighed by trade deficit
NASDAQ
FXstreet.com (Barcelona) - The Pound has extended its pullback against the Dollar, while the EUR/GBP broke to a 3-weeks high as UK trade deficit widened ...
Forex: UK Visible Trade Deficit Surges In DecemberForexTV.com

all 10 news articles »

WORLD FOREX:Yen Down Vs High-Yielding Units As China Stocks Rise
Wall Street Journal
In tandem with the euro, the Australian dollar, the Swiss franc and the pound also advanced against the yen. But dealers say the Japanese unit could make a ...
Some Japan exporters still pressured by euro weaknessMarketWatch
Forex news: dollar shows mixed trading sliding from multi-month high vs poundEcommerce Journal
Forex trends: gaining vs yen, buck's sliding vs European majorsEcommerce Journal
Ecommerce Journal -Ecommerce Journal
all 38 news articles »

WORLD FOREX: Euro Weakens As Negative Bets Hit Record Highs
Wall Street Journal
The dollar was at Y89.30 from Y89.38, while the euro was at Y121.97 from Y122.14. The UK pound was at $1.5598 from $1.5613. The dollar was at CHF1.0722 from ...

and more »

Forex Strategy Outlook: US Dollar Likely to Move Sharply Against Euro
Daily FX
Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming ...

and more »

Financial Times

WORLD FOREX: Euro Sinks; Dollar, Yen Gain On Debt Concerns
Wall Street Journal
The dollar was at Y89.38, up from Y88.94, while the euro was at Y122.14, down from Y122.20. The UK pound was at $1.5631, down from $1.5750. ...
Dollar will doom, Gold will boom: Jim SinclairCommodity Online
WORLD FOREX: Euro Losses Accelerate Amid Debt WorriesWall Street Journal
WORLD FOREX:Euro Sinks Further;Markets Broadly Sell Off RiskWall Street Journal

all 956 news articles »

BBC News (blog)


Reuters South Africa


FXstreet.com The Forex Market

US Dollar Forecast Remains Aggressively Bullish on Forex Options
Daily FX
Forex Futures and Options markets show that large speculators continue to bet on and hedge against further US Dollar strength—giving us a strong bullish ...
Forex: Dollar consolidates gains ahead of NFP reportNASDAQ
FOREX: US Dollar, Japanese Yen surge today on risk aversion.CountingPips
Forex: Dollar and Yen rally further on concerns about economic recoveryFXstreet.com The Forex Market
Forexyard -NASDAQ -NASDAQ
all 205 news articles »

Sign up for PayPal and start accepting credit card payments instantly.