You should be able to find several indispensable facts about forex brokers in the following paragraphs. If there’s at least one fact you didn’t know before, imagine the difference it might make.

A forex broker is one who assists individuals, traders and firms to trade in the forex market. The assistance can be in the form of providing market information or in conducting the actual trade. In either case, the broker charges a fee according to the services rendered.  Read more... (463 words, 18 images, estimated 1:51 mins reading time)

There are basically two types of investors involved in forex currency trading:
About five percent of the overall daily turnover is from companies and governments that buy or sell products and services in a foreign country or on the other hand must convert profits made in foreign currencies into their domestic currency. The other ninety five percent are involved in financial speculation for profit which is the category most of us are in.

The best forex trading opportunities are with the most commonly traded currencies, which are called the majors. For speculators these offer the best forex currency trading opportunities. Right now the major forex market currencies are considered to be the:  Read more... (637 words, 18 images, estimated 2:33 mins reading time)

We’ll begin tonight be recapping yesterday’s trading. Unfortunately, we don’t have much good to say about our trading, but we will use it as an opportunity to “teach” a bit.

We were stopped out of our trades last night, since we were looking for a short. Now, you have heard us talk about the ability to trade without emotion and yesterday we had to use this skill to its fullest.

While in the early stages of your trading career, you might have tried to short Cable at several different points on the chart yesterday. However, this is the classic mistake that beginning traders make.  Read more... (942 words, 18 images, estimated 3:46 mins reading time)