www.BorneoForex.com
What is Forex? | We have 469 free forex articles/answers for you.
What is Forex? | We have 469 free forex articles/answers for you.
Latest Articles
Forex Option BrokersThe word Forex is derived from combining two words - Foreign Exchange. It deals with buying of one currency and selling of the other at the same time. Over $2 trillion in foreign exchange is transacted everyday. Currency exchange is a new option...
Removing the Greatest Obstacle to Trading in the Forex Market
The foreign exchange market is exploding! About two trillion dollars are being traded daily! and yet Americans are lagging far behind their international counterparts in entering this market. How can this be? Americans have never taken the...
Risks of Trading Forex in Retail Market
Forex nowadays had become one of the most fast growing trading markets in the world. There are several reasons why Forex had became such a popular investment among world wide speculators. In Forex trading, you can always use technology for your own...
Choosing A Forex Trading System – Part 2
In the first part of our series – Choosing A Forex Trading System – Part1 we covered a few quick tips to get you a few steps closer to choosing the Forex trading system that’s right for you.In Part2 we will take a look at a few other do’s and don’ts for choosing a Forex trading system. With that in mind her is “don’t” number 1.
1) Don’t be overly impressed by a high percentage of winning trades
Often times you will see Forex trading systems advertising a high winning trade percentage. The ad might contain information a line like the following:
“Over 90% Winning Trades”
You might look at that and say, “Wow, with numbers like that I’ll be rich in no time!”Before you stop reading the ad to call your local real estate broker about buying that private island just realize that this one figure does not tell the whole story.
The fact is that most successful traders the world over have made their money with far smaller percentages of winners than many of the trading systems you will see advertised.
I would suspect that the reason the high winning percentages are advertised is to attract as many customers as possible. Many buyers believe that the closer the winning percentage is to 100% the closer the trading system is to being a
“sure thing”. In the trading world there is no such thing and you would be well advised to run as fast as you can away from anyone who tells you otherwise.
Here’s a quick illustration of a losing trading system with a high percentage of winning trades:
Trading System A Performance
Number of trades = 1000
% of Winning trades = 92%
% of Losing trades = 8%
Average Winning trade = $180
Average Losing Trade = -$2100
That’s just a quick illustration of how a Forex trading system can have a high percentage of winners and still lose money. We’ll go into even more depth in the next part of our series as we continue to explore choosing a Forex trading system.
To Your Forex Trading Success!
About the Author :
Whether you're a beginner or a seasoned pro you'll discover the best Forex Broker tips, techniques and valuable resources and information at http://www.forex-strategies.com
Article Source: www.iSnare.com
Written By: Tony Hosea
WORLD FOREX: Dollar Ekes Out Gains In Thin Holiday Trade Wall Street Journal TORONTO (Dow Jones)--The dollar eked out marginal gains Friday in activity made narrow and illiquid by the close of US ... FOREX VIEW:Dollar Could Firm Within Existing Ranges Next Week WORLD FOREX: Return Of Risk Aversion Keeps Dollar Rising WORLD FOREX: Dollar Posts Large Gains After June Jobs Report |
 Reuters | WORLD FOREX: Dollar Rises, Euro Falls Waiting For Payrolls Wall Street Journal LONDON (Dow Jones)--A small rise in risk aversion has helped the dollar and hit the euro in Europe Thursday as the market waits for the ... FOREX-Dollar falls as stocks gain; Europe data dent demand WORLD FOREX:Euro Falls Below $1.40, Down Vs Yen On Payroll Data WORLD FOREX: Yen Up On Risk Aversion After US Jobs Data |
 Boston Globe | FOREX-Dollar up vs euro, down vs yen on weak US jobs data Reuters "The weak jobs report reinforced a trend already in place in the forex market prior to the release, that is, that the dollar was oversold," said Camilla ... Still No Change in Tight Forex Ranges after ecb's Rate Decision Forex trends: euro is trading down versus majors Dollar gains as US jobs report rattles markets |
 Reuters | FOREX-Euro recovers from sharp falls vs dollar Reuters LONDON, July 3 (Reuters) - The euro recovered modestly against the dollar on Friday after falling sharply in the wake of bleak US jobs ... Forex − Risky Assets take a hit on US Payrolls FOREX-Dollar dips vs euro in holiday-thinned trade Forex news: the yen falls against European majors as Japanese ... |
WORLD FOREX: Dollar Mixed In Light Holiday Flows Wall Street Journal TORONTO (Dow Jones)--The dollar is mixed Friday morning as light trading flows due to the Independence Day holiday in ... |
Japan's new forex tsar seen sticking current stance Reuters Besides economic turbulence, Tamaki is faced with a global debate on whether the world should decrease its dependence on the dollar as the main ... |
A Forex Trader's Tale of Central Bank Intervention Forex Hound In those days the dollar was under pressure so most of the orders were to buy dollars. It was the early 1980s and I co-managed a trading operation for a ... Forex Market Update: Japanese Yen Crosses Pare Losses In European ... WORLD FOREX: Dlr/Yen Up As PBOC Comments Ease Concerns Forex trend: yen pares its early Asian gains |
WORLD FOREX: Dlr Back Up A Bit Vs Yen After Post-Jobs Fall Wall Street Journal TOKYO (Dow Jones)--The dollar rose back slightly against the yen in Asia Friday after tumbling yesterday on weak ... |
 China Daily | WORLD FOREX: China Helps Dlr; Risk Hits Euro, Data Hit Pound Wall Street Journal LONDON (Dow Jones)--Reassurances from China about its reserve policy left the dollar higher but the euro has ... Dollar gains as data suggest brighter US economic outlook FOREX-Dollar recovers, supported by low risk demand Stocks gain on recovery hopes |
 AFP | CORRECT:WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower Wall Street Journal ("=WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower" published at 0928 GMT and 0929 GMT, misstated the level of the dollar against the yen in the 15th ... Liquidity crunch to keep US dollar demand strong Forex Trading - Dollar Down, Positive Finance News Dollar drops against rival currencies |
