Forex

How to Start Trading Forex in Australia

How to Start Trading Forex in Australia

Foreign exchange trading, also known as forex trading, refers to buying and selling currencies to profit from differences in exchange rates. There is no centralised marketplace for swapping currencies – forex trading simply occurs over the counter (OTC) via computer networks. In this article, we’ll discuss several key aspects to help novices start trading forex…

How the U.S. Will Become a 3rd World Country (Part 1)

By Ron Hera, ©2011 Hera Research, LLC The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status.  Economic data indicate a harsh reality that obviates mainstream political debate.  The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial neo-3rd-world country…

Diary Of A Forex Trader

By Karmali Abid, forex trader I started trading Forex in 2005 after stumbling across the Oanda site while looking for financial education. My uncle had recently talked me into the idea of investing, and as such, I was hunting for information. I saw the website touting foreign currencies and saw that the trader should “be…

Top 5 Tips For Boosting Profits In Forex Trading

1. Trade Using Multiple Objectives It may seem obvious; but the best thing for you to do in your trading to improve profit is to actually take profit. There are too many traders who are so happy to see their position in the green that they will sit on it as emotion crowds out rational…

How do I know where to place my stop loss on a forex trade?

Question: How do I know where to place my stop loss on a forex trade? Answer: Kathy Lien, Director of Currency Research, GFT I am so glad you are asking this question, because the number one rule of trading is “always use a stop.” This is particularly true when trading forex, because trends can last…

The secrets to trading forex

Acclaimed US forex trader Kathy Lien, author of “Day Trading & Swing Trading the Currency Market,” is currently in Australia. When starting out trading forex – or even shares for that matter – it’s handy to have some exact rules to follow. A set of rules is precisely what we need to lift our confidence,…

As share investors head for the exit, forex trading is booming

Trading the foreign exchange market is a tough gig, but those who learn the art of trading the biggest and most unruly market in the world can reap big rewards. However be warned – the volatility and leverage involved in trading foreign exchange can make for a wild ride. Kunal Sharma, managing director of Melbourne-based…