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Once you've opened your account, you begin trading by selecting the currencies you want to trade. Currencies on the Forex always come in pairs. As the value of one of the currency pairs rises, the other falls. Most beginning traders should trade only the most-widely traded currencies, such as the U.S. dollar (USD), the British pound (GBP), or the Euro (EUR) because they are the most liquid and have the smallest spreads.
As you may have already noticed, a great deal of Internet blogs is devoted to trading psychology. It's not for nothing! The Trading Psychology section of our Forex tutorial deals with the question of what the psychological pitfalls of trading are and why it's so important to work on yourself.
ECN technology gives the broker the ability to aggregate its LPs, building an order book and providing a best bid best offer to its clients. The collective volumes of the broker's clients encourage price competition amongst the LPs and provide the leverage to demand better execution. In doing this the ECN model enables the efficient flow of liquidity between price markers and price takers, meeting the needs of clients to provide the best environment for the modern day trader.
However, what must be remembered is that the majority of robots trade within a certain range. They make a particular amount of pips inside the tight range during the slowest time on the Forex market, and they regularly set a few pips target and may not even use a stop-loss. They can be classed as successful, as they do make profits in each trade even if it is only a few.
degree of attention so as to continually manage your assets in the best possible way. Every investor is of great importance to us. We do our best to protect your privacy and security. The guarantee of profit payouts and investment funds safety is ensured by low-risked investment operations. There is the investor's possible losses corridor defined in a practical way. It is some inevitable losses that cannot be anticipated and minimized as the investment market is moves permanently. The reserve offline balance fund is used for compensation of those losses. That is how we reach our company working stability and guarantee the safeness of your funds.
Importers and exporters can greatly enhance their core business activity and market share through hedging and the active management of their currency exposure. In the Forex market, hedging means to cover a foreign exchange exposure through an offsetting transaction. Futures and forward exchange rates are widely used by importers, exporters, borrowers and investors for hedging purposes.
The idea behind the carry is quite straightforward. The trader goes long the currency with a high interest rate and finances that purchase with a currency with a low interest rate. For example, in 2005, one of the best pairings was the NZD/JPY cross. The New Zealand economy, spurred by huge commodity demand from China and a hot housing market, saw its rates rise to 7.25% and stay there, while Japanese rates remained at 0%. A trader going long the NZD/JPY could have harvested 725 basis points in yield alone. On a 10:1 leverage basis, the carry trade in NZD/JPY could have produced a 72.5% annual return from interest rate differentials , without any contribution from capital appreciation Now you can understand why the carry trade is so popular!
A form of instruction or mentorship that provides information on forex trading tactics, methods and successful practices. Forex training acts as a guide for the retail forex trader, providing insight into successful strategies, signals and systems as well as other general information on the foreign exchange market.
Forex Factory : The leading independent forex forum. The number of viewers that read the messages and the number of users that participate in the forums' various threads are huge. There aren't many forums, and the intense debates are seen in a few long running threads. Note that other threads are also active. The forum is based on the known straightforward phpBB platform, but was significantly tweaked. One of the things that make it a valuable resource is the high level of spam-fighting - the moderators, which work transparently, are tough with anything that smells like an unauthorized advertisement and the big amount of users also help in identifying these problematic replies. The site also has a calendar and a news section - both also popular.
With the second type of NDD broker, upon receiving your trade orders they will pass the trade orders directly to another party to be executed by the market maker's dealing desk. In this instance, the broker is known as a Straight Through Processing (STP) broker.