Binary Options Vs Forex Trading - How to Make Money

Many people tend to look for better options when trading in forex. The HiWayFX website provides both options, the user can choose either depending on his preferences. One question which arises is what are the differences and the similarities between forex and binary options? For this purpose one should have an inherent understanding of binary options and how they work, pay or the risks involved in them.

Binary options are easier to understand and simpler to use. They are in fact quite similar to foreign exchange or forex but involve fewer risks as compared to forex. Binary options are called FRO which denotes a fixed return option. In order for this to work a person must assume the correct direction in which the market will be heading at a particular time period. If the prediction or the speculation of the person is right about the market, he will get a fixed price no matter how much the market fluctuates. The HiWayFX website has a binary option; all you have to do is sign up and open a binary options trading account.

What are the Similarities?

•     Both take place 24/7 which means the person can trade anytime he desires.
•     Both can be started with a low capital which is approximately $100 or more.
•     People gain or lose money based on the way the market is moving.

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Do You Want to Succeed in Forex Trading? Here’s What to Do

Bill Gates said that he prefers a lazy man to do the job because he’ll find a much faster way to do it. This is quite true in trading. If you have a sloth-like personality, not that lazy though, then you’ll try to conjure magic and find the missing link which you’re missing because of your unique way of perception. However, too much sloth can also hurt you, as it is after all one of the seven deadly sins.

The best way to do with your trades is not to micromanage them but let them play out themselves. No amount of anxiety in this world can solve any problem so, relax after you’ve placed a trade.

Actions which are not according to your trading plan will hurt you. These decisions will make you frustrated and stranded so stay on track and trust your trading strategy.

The problem with traders is that they over do things and instead of finding that missing magic piece in themselves, they look at places which will not give them productive results. If you sit idle and do nothing most of the time, then that’ll be the best way of going at things. Do not misinterpret though, I’m advising you to do nothing after you’ve done the trade

The impediment to your success is that you’re doing way more than what is asked.

A Trade Management Experiment…
Here’s an experiment for your satisfaction that my theory is indeed true. Set your trade and the stop loss and other things and sit idle for week.

You’ll be surprised by the results you’ve reaped and even if you lose, you’ll be quite ok with it.

Make the Most out of your Trading Strategy
Devise a plan, a solid strategy and don’t meddle with it. This point, I emphasize strongly, if you want to succeed.

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Practice Forex Trading on a Free Demo Account

HiWayFX is a global broker providing forex services to clients worldwide. It provides a trading platform that enables traders to trade currencies or commodities 24/5.

How to Start Trading
The first step is registering an Online Forex account. It is not a baffling process and is quite similar to opening a bank account.  There are a number of different trading accounts one can have access to using HiWayFX and they are designed to meet your preferences. All of the trading accounts here give you a personal account manager, free economic calendars and educational videos. Also, for all accounts, the currency used for depositing money is Euros.

The thing is that not everyone knows about forex trading and it can get confusing and difficult for some people and they can even end up losing a lot of their money if they do not comprehend the entire phenomenon. For example, if one doesn’t know what currency pair to trade in or how to use the news trading service to their advantage or even the forex trading software, he can get into an uncalled for hitch. To make people understand the forex trading world there are demo accounts which go a long way to imparting the desired knowledge and they are offered by HiWayFX.

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Live Vs. Demo Trading Accounts

There are numerous forex trading platforms that allow you trading through them and in order to start trading you have to create an account. Now there are different types of accounts that can be categorized as live and demo accounts. Demo accounts are basically for beginners to learn about trading without risking any money.

Now obviously it is good to practice one’s trading strategy with a demo account but the problem is that people stay on their demo accounts too long. A time comes when the trader has mastered the screen time and has all the relevant knowledge but when he/she starts trading with a real account, they start to lose their money.

It is good to know all the ins and outs of trading, understanding the market and charts and other relevant knowledge about trading before entering the real trading world. But if you don’t jump in and get your feet wet, you’re never going to develop the skills to succeed in the market. They are good to educate you but they are only simulations, not the real thing. Also, you are never going to get those ‘perfect’ scenarios in the real world, for example, order fills, stop out levels, prices and etc. are different in demo accounts. The reason why traders do much better on demo accounts is because there is no risk involved and no emotions clouding their judgment either.

Yes, demo trading can educate you about what trading is, but to actually start trading, live trading will be your best teacher. The goal is to master a trading strategy, once you’ve achieved that on a demo account, you can enter the real world.

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Trading Forex for a Living - What You Must Practice

To become a trader, you need to have the knowledge, trading strategy, understanding of market and charts and etc. Now these are the necessary things that you need to have in order to become a trader, but to become an expert at what you do, you need to have a little more than that.

Let’s discuss five of the most important things you must possess if you ever hope to be able to make a living as a trader.

Passion
The first one is Passion. It is pretty obvious but the misconception about passion is that people are only ardent about making money, not the real trading processes. The professionals do not trade to only make some cash but they are in this business to enjoy the intellectual and emotional challenges that trading the market provides. You have got to stay focused and passionate about your work to stay successful for a longer period in the trading world.

Patience
The second thing is Patience. You need to remember this, the market always fluctuates even if it was a good looking setup at the start, but you have to wait and not react at every single movement in the market. There is no need to sit all day looking at the charts either, because if the price goes down you might react and make a rash decision by ending your trade early. Let your trade play out for you.

Discipline
The third thing, Discipline. Patience and discipline are correlated. When you have a strategy for your trade, you need to stick to that. There is no need to over-analyse the market and change your plan at every movement. If you keep changing your methods, you will be stuck in the same place, that is, you’ll remain a prey for those predators-traders out there.  

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Advantages of Trading with ECN Brokers

The Electronic Communications Network is regarded as one of the ways of trading in the future. Most people who trade in the Forex market often have difficulty in making the right trades because of the delay between placing an order and the actual execution. The Electronic Communications Network was designed to facilitate seamless trading between traders. In simple terms, the Electronic Communications Network is designed to create a link between brokers, high liquidity providers and small scale traders.

The Electronic Communications Network is regarded by many as one of the best ways of trading in the forex market. If you are interested in trading in the forex market, you should seriously consider signing up with a broker that offers ECN trading. The concept of trading on the Electronic Communications Network is simple. The broker first asks the high liquidity providers for liquidity. Once the broker has liquidity for small market participants, this is passed on down to the small market participants. Then, when a small market participant places an order, the order is passed on down to the forex market.

Now there are many different things that you need to know about trading in the forex market through an ECN broker. Here are a few advantages of using the ECN while trading in the forex market.

Anonymous Trading
Many traders often have difficulty in making larger trades while using their own accounts. This can often perturb the market, thus increasing the prices before the trade is executed. Traders in the forex market are very active and take action very quickly. Given the fact that the market is accessible to people from all over the globe and remains active round the clock, you can easily expect that word spreads around very quickly. However, one of the main reasons why prices in the forex market remain neutral is because of anonymous trading. Keep in mind that this is given as an option, so you will still have to accept it in order to trade in complete anonymity.

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Stop Repeating the Same Forex Trading Mistakes

This is probably the most important article regarding trading because this is where you'll learn how to achieve the goal: making money. Now, this might not be what you were expecting to read about because it won't necessarily be 'fun'. However, if you follow through on these tips, you'd assuredly get maximum profits.

When it comes to trading, you need to do what is best (generally) not what you think is best. Trade isn't 'the wheel of fortune' where you might go big or you might go home. Here, you can either go big if you have a good mindset or you'll go home.

Wider Stop Losses
The most rookie mistake you can ever make at trading is placing a stop loss within the markets daily range. This might seem like a good idea but it isn't. Stops need a wider margin. If you just do what looks best in the moment you're practically handing money away.

What's keeping you from following this simple rule is the fear of reducing your position size. Rest assure, this isn't a bad thing. Thinking about trade as a game of logics rather than as a game of chance can allow you to have a better track record i.e more funding.

Don't think of wider stop losses as 'messing up your game', if you want to make it big then you need to realise that your reputation is key. Even if you aren't as experienced but in your performance review scored bigger than you'll be big. Ultimately, not getting too overly emotional.

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How to Trade Successfully with Small Trading Accounts

Every experienced trader knows that profit has to be measured over a longer period of time, whereas, a novice trader believes that the bigger the trading account: the more money.

The fact of the matter is; if you don't know what you're doing then your account balance won't matter because you'll lose it all anyway. A good trader can make a big profit on any account whether big or small.

Trading can be quite tricky at times and you might find yourself wondering how you went wrong with the most basic of all things because you don't have the proper strategy in mind. Having a lot of money in hand and no trading experience is as good as having no money at all.

The problem lies with the trader themselves because of their approach towards trading. Consider yourself lucky if you don't have a large trading account at the beginning because it's better to make a loss of a few than of a lot.

Mindset
First and foremost; change your outlook of things. Think of 'how' rather than 'when', sooner isn't always better in these cases. Think about what you would've done had you had a larger trading account instead of 'if' you had a larger trading account so and so would've been easier.

You might think you're goal-oriented by wanting to make more money but it isn't about that, its about how you'll make that money.

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How Effective is an Automated Forex Trading Software?

You too, like many others must have found yourself scrolling on a page advertising these terms, for any automated forex trading system. Haven't you? I know you have. So, the pipe dream being offered must have gone something like this, “If you log on to our system, you will reach the heights of profit without even moving a single finger." Didn't it? And it sounded tempting right? But the real question is, is it really that good under the surface too? Well, a little underground digging as we do it, might surface a whole clan of epidemics that will surely repel you away from the offer that seemed too alluring just a while ago.

Expert Advisors (apparently) allow automation of trading processes on buying and installing an assigned file into your MetaTrader 4 trading platform. And then, the much awaited 'magic' is supposed to happen as, the software starts determining all your buy and sale. You are even offered the option to choose the number of lots, apparently guaranteeing you, no manual error at all. In short, they come with the promise of a zero possibility of human error or so, they seemingly claim. But does this selfless 'ease' provided by the hosts not make the sane mind suspicious? Do you not wonder how, suddenly when "there is no shortcut to success" was a popular maxim did something like this pop up out of the blue? Well if you look into it a little bit more clearly and do some background research, you will quickly, undoubtedly find them to be un-durable, unrealistic and unsustainable and with a definite fake or superficial track record that only looks ‘real’ for the sake of being passed on as a ‘proof of performance.

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Top 5 Habits of Unstoppable Traders

To become a professional and successful trader, you don’t only have to possess the knowledge, be patient and have a game plan but a positive attitude towards your work and a certain protocol are also essential. Obviously every trader is different and has different qualities but there are a couple of habits and traits that are in common in those professional traders that you must have to become an unstoppable trader.

The following are 5 behaviours and traits that big-time traders share, and if you are able to follow these, there’s nothing much out there that can stop you from becoming like one of these traders.

They Don’t React Solely Based on one Trade’s Outcome

There are a lot of feelings and thoughts that can go through a person after a trade ends. You may get over confident, feel cocky and astute after a win, or you may get all depressed and feel agitated after a loss. In both the cases you will try to get out there again sooner and it can make you enter in low quality trades. So the first thing you need to become unstoppable, is to not get emotional after a trade and to not let it affect your decisions.

They Know They Might Fail

The second thing common in all stupendous traders is that, they do “nothing” very well. Yeah it might sound strange but it is one of the most important things a trader can do.

Even the best looking setups can fail in the end so don’t just gamble with every setup in the market just because it looks good and because your last trade made you a lot of money. The expert traders know that they will be out on the bench for more time than in the field, and they are fine with that. They wait for the perfect opportunity and when the time is right, they go all in.

- See more at: https://www.hiwayfx.com/forex-articles/top-5-habits-unstoppable-traders

Learning Currency Trading – Part 10: EUR/CHF

The symbol stands for Euro/Swiss Franc. It tells the reader about the number of Swiss Franc that one needs to have in order to buy one Euro. The Euro in this case is the base currency, while the Swiss Franc is the counter currency.

Facts and Information
To anyone new to the world of forex, the EUR/CHF currency pair might seem to be confusing. This relationship is often regarded as one of the most important currency relationships in the forex market. The reason lies in the fact that the EUR and CHF share a relationship which is the strongest in the market.

Switzerland occupies a position amidst the Eurozone countries. The closeness between Switzerland and the EU has led to trading ties that are so strong that the steps taken by EU can easily affect the businesses in Switzerland. To-date, more than 100 pacts have been signed between the Eurozone and Switzerland, which have further reinforced the relation shared between EUR and CHF. Since the economies are related, the currencies are inevitably linked to one another.

While EUR stands out as the world’s second largest currency, Swiss Franc serves to be the safe havens for traders in times of uncertainty in the market to prevent major losses. It has also been observed that the CHF is a more stable currency than the euro.

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And you thought it was just Gambling with Suits

If you were presented with a person that is engaged in an activity that can either indulge him or her with buckets of riches or complete loss of belongings your instant guess on what the activity is would be gambling. That is usually the image portrayed when someone outside the online trading industry hears how the forex world works, however this is not the case. Sure, gamblers and traders may share some very striking characteristics but their core difference is analysis.

One of the things that gambling and forex trading have in common is the way the foreign exchange or stock market works in relation to poker table. What drives both people to these two area is ideally the opportunity to earn money, and usually a small amount of money is barely enough, if you’re in it you are in to win big or else you should pack up before you even get started. Even the procedures can be related to each other, in a casino filled with countless tables the gambler will choose the one that feels right to him. The same way a trader will choose the right broker after going through a stunning number of prospective brokers in order to settle on one.

This is where the differences come forward, the gambler will have to choose his cards and his moves on the spot without any context. A trader however knows what products he is aiming for, whether its currency, spot metals or anything else a good trader will never accept going in blind. This on the other hand is not the case will all the traders because it’s no secret that some traders do regard online trading as a gambling sport, but these people are never under any circumstances considered traders they are just gambling on a different field.

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In Trading, Less is more

We can witness the rise and fall in markets commonly. It is crucial in some ways, but it may also result in excessive loss of money if we try to trade everything.

There are some errors quite common like trading intra-day price variations or withdrawing a cost-effective trade simply because the market started retracing against your situation.  These kind of faults result because of giving unnecessary importance and effort to the regular price variations in a market.

It is well known that less is more in trading. We can emphasize on the importance of this fact by notifying few key points about market dynamics, price action and how not to react at every fluctuation in the market.

The first and the foremost thing you need to do is accept the fact that stopping a “freight train” is a pretty tough job. A freight train in trading refers to the trends with a lot of momentum behind them, for example, if you look at the charts, you’ll realise that EURUSD, USDJPY or AUDUSD have long multi-month trends in them. It is not common for these trends to alter directions quickly or easily just like those freight trains.

Don’t Go Against the Trend
Hence, those short movements in these markets don’t really matter that much and reacting at these movements will be a bootless errand. Make the trend your friend, you can do this by not going against it every time the market fluctuates. Again coming back to the “freight train” reference, a trade in a huge market can pretty easily run you over if you stand in its way. Traders usually make this mistake of getting in these big-time trade’s way and get crushed.

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The Pros and Cons of a Forex Demo Account

The condition of the economy affecting the currency will continue, as well as with the forex market conditions, will be affected, either from its currency or market participants who come to do business in the difference in currency movements.

Many amateur traders these days are advised by brokers and pros to prepare themselves and practice their skill on a demo account before getting into the mainstream trade. A demo Forex account is a sort of an indirect 'virtual training program' where you get to practice your trading skills, in a completely risk free atmosphere, only to get you familiar with the factors that a successful trading demands and to help you develop some basic strategies.

Traders over the time have had much divided opinions about its applications. Some consider it a good start, while others think of it as a waste of time. So in order to help you choose whether or not you should get involved in the trading process of a demo account, below are some major pros and cons of this virtual trade:

Major Weighty Advantages of a Demo Account:

1. Easy Access
Opening a demo account is one of the best and easiest ways to get an access to the trading world and learn how the market works, along with learning the methods by which various currencies are traded across the globe. The best part of this opportunity is that no money is required to open a demo account, which means that you get a good chance to learn, without spending a single penny of your own. Your name, address and a valid phone number is all that you need to give the demo account a go.

2. Trading Strategy
Most of the trading situations on the demo accounts are close to the reality, hence they are ideal for practicing your forex trading strategy, and all this comes without the financial risk. This will allow you to learn in a comfortable, fearless environment and sharpen your skill. Even those of you with already enough experience, can give it a try in order to practice any new strategies that you wish to implement, before actually putting it to use.

3. Familiarization with Trading Tools.
4. Understanding the Dynamics;

The Disadvantages Looking at the other side of the coin, the top major disadvantages of a demo trading account include the following:
1. Fake Money;
2. False Confidence;
3. Realizing the Risk Factor;

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HiWayFX Forex Trading Accounts

HiWayFX is a global broker and acts as the medium between a trader and a network of banks. Before you start trading with HiWayFX, you need to consider certain guidelines to ensure efficient management of your trading account.

The first step requires you to register a forex trading account. Opening an account is actually very simple and is quite similar to opening a bank account. The types of trading accounts offered by HiWayFX are variable depending on your preferences. All of the trading accounts here give you a personal account manager, free economic calendars and educational videos. Also, for all accounts, the currency used for depositing is Euros.

Standard NDD AccountThe first one is, the Standard NDD (Non Dealing Desk) account. It is one of the most basic accounts as one can start trading with only a deposit of as low as 20 dollars (US). The Standard NDD allows a 5 digit pricing quote.

The features of this account include a spread of market from 0.8 pips. This account gives a leverage from 1:1 to 1:1000. It is a Swap free account and Hedging is possible. There is 0 commission involved. The locked margin, margin call level and stop out level are at 50, 100 and 20 percent respectively.

ECN NDD AccountThe second one is, ECN NDD. This account is well suited for a more innovative type of a trader. To start trading with this account one has to deposit 1000 dollars (US). This, like the standard account is also NDD type.

The features include a spread of market from 0 pips. Leverage is 1:1 to 1:500, while commission is 0.002 percent. Locked margin, margin call level and stop out level are at 50, 100 and 50 percent respectively. Hedging and scalping is possible.

Zulu Trade;
MyFxBook;
Demo Accounts;

Eventually when one has learned about trading forex and managing trades, he/she can start a real account with HiWayFX.

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Learning Currency Trading – Part 9: NZD/USD

The symbol stands for New Zealand Dollar/United States Dollar. It tells the reader about the amount of US dollars needed to buy one New Zealand Dollar. In this particular pair, the NZD is the base currency and the USD is the counter currency.
General facts and information

The New Zealand Dollar/US Dollar pair is also referred to as the Kiwi. The NZD is one of the three major commodity currencies, the other two are AUD and CAD. New Zealand was crowned in the year 2005 as the world’s most favourable country for businesses by the World Bank. This small, scenic Island is not only politically peaceful and economically strong, but is also one of the most investment-friendly countries. Lately, it has made sure that it serves as a hub for businesses and investments by being extremely lenient in the regulations it places over business activities.

The climate and land in New Zealand has enabled it to emerge as one of the most successful countries with an agrarian economy. Its services and industrial sectors are equally operational. Its export base comprises of top-notch goods and services.

The US is the world’s super power and the most favoured country by many multinational giants. It has proven itself to be an integral part of the world economy. As a result, the USD has become the globe’s most heavily traded currency.

As with all other commodity currencies, the NZD fluctuates every now and then, making the pair more or less reliant on the trends that prevail in the market.
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Top 10 Forex Trading Tips for Beginners – The Road to Success

There is a lot of information that will come your way about online trading on the internet and it becomes quite hard to process all that information at once, especially if you are a novice trader. It is therefore advisable to take the help of an experienced professional before you move forward.

The following tips will put you well on the road to success.

1. Learn the Basics First
Being hasty in this business can cause you a lot of problems. Be patient and learn about all the jargon associated with Forex trading first and then proceed to the next step. You should be well aware of the basics of the whole business and then progress on to learning about a Forex trading strategy. In my Introduction course I have given guidelines for beginners which might be of great help to you.

2. Learn one Trading Strategy, Stick to it
If you don’t want to lose money and sail your ship on false hopes then be consistent and stop changing trading tactics all the time.  If you’ve faced a terrible loss while trying out some strategy then don’t bail on it. It is a quite common thing to have few losses before you begin to make some serious money. You need to be steadfast to excel in this kind of business.

3. Don’t get Overwhelmed
The prolific amount of information can lead you to wrong places. It is better to take the help of someone who knows the business well, a mentor, who could teach the ways and show you the right path before you set foot into the practical world.

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What I Learned About Forex Trading from Professional Poker Players

If you observe a poker game you would realise that there are plenty similarities in poker and trading. One can actually learn a lot from poker players about the trading world. It is a well-known fact that most of the best candidates for trading jobs at Wall Street are professional poker players. And this fact has been justified by the Department of Economics in Harvard University.

In poker, it’s all about managing your risk properly and executing your play with consistency, this won’t be gambling, this will be basically playing the odds. It’s the emotions that throw a player off his game and he starts to gamble with his money.

So what are the important things a trader can learn from poker?

The strategic approach
First off, it’s the strategic approach. For example, if a player has an above average expectancy over a series of hands, he’ll know that he’ll have to execute his strategy over a large enough series of hands to see it play out in his favour. Similarly in trading, if you have entered a perfectly good looking setup, you’ll have to make a plan first and then let the trade play out for you.

Know when to ‘hold’ and ‘fold’
The next thing, quite famous with those poker players, is that they know when to ‘hold’ and when to ‘fold’. One simply cannot escape losses in trading, so a trader must know when to fold and when to keep on playing. Then comes the risk management. Poker and trading are all about taking risks. Management of chip stack is a great tactic in poker. Like any poker professional, one can neither bet all the chips on a weaker player, nor play very easy on a stronger one. That’s how one can play steady while being on the edge too. An expert places the trade when he comes across a low risk chance.

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How to Improve Your Forex Trading Routine

If your trading routine is plagued by lack of sleep and a gallon of espresso shots to down its after affects, then these tips given below should be considered nothing less than a holy grail, to make your eye bags finally disappear along with granting you an active mindset for efficient trading.

Sufficient sleep is the number one prerequisite for a sound mind. Get at least 7 hours of sleep a night as nothing can ‘compensate’ for the lack of sleep. Your body will ultimately give up on you and your reasoning abilities will be impaired. So hence, if it is not already, then it is finally the time for your sleep cycle to fall in to the cleft of the maxim "early to bed, early to rise makes a man HEALTHY, WEALTHY and WISE."

After proper sleep comes a proper diet and specifically a proper breakfast.

After a 7 to 8 hour sleep your body requires a complete fuel refill to operate properly and drinking plenty of water throughout the day along with a proper diet also keeps you hydrated and helps manage the cycle of your appetite. Also try and keep a consistent routine of physical exertion.

How to get started
Getting started is often the biggest activation barrier but once you get over it you will definitely notice a breakthrough in your mental and physical capacity. After you've made sure that you are physically there, remember to not forget having a life. Yes, trading is a necessary part of your system and yes, you need it, but it shouldn't be all that you have.

A social life saves you the ditch of turning into the trade paranoid underwear guy. So have hobbies. And remember not to be boring. Have a prepared mind. Keep tabs on the flow of the market and prepare your trade from a week before as, luck favors the pre-planned.

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How to spot a forex trading fraud

Are you sure that a recent promise by someone to help you get filthy rich in a day wasn’t a scam? Or that your unguided approach hasn’t led you in to a well-planned hoax? You’ve been the subject of a fraudulent scheme? And let’s just face it; a lot of people have been inflicted by such plights. With the market growth sprouting like fungi on the global fronts nobody wants to lag behind in their material success and why should they? But as this race falls into sync with the hoax business preying on the naivety of new investors in the market; chaos finds its place, dreams fall apart and hard earned money is thrown around like confetti. And by the time the victimized amateur sees the devil horns under the fake halo of the seductive sharp suited lure, it is usually too late. Money has already gone down the drain with no return factor.

We here at Forex have taken up the initiative to educate our clients and make them aware of the foreign currency scams being carried out shamelessly in the forex industry.

Be aware of tempting promises
The first point is to educate and make them aware of the ordinary client and about the weak spots that these hoaxers prey upon. The number one fault of this sort is the blind pursuing of tempting promises that guarantee zero risk and 100% profit with amateur experience and non-substantial verification. It is the “oh look it promises and guarantees. It must be real”, approach that kills the target.

The primary implant in one’s brain in this aspect should be that “no investment is risk free” and “100% profit is never a guarantee in real world’s trade.” And hence, whoever promises you otherwise is a bluffer. Be very much aware that a past success by no means is a guarantee for future success. Make sure to see the verified broker statement of a verified accountancy firm first and foremost.

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How to make money trading Forex while being lazy

An obese guy sprawled out on a couch, in old worn out pajamas, a drooling mouth, a fat bag of cheese pops, a stash of expired super hero comics, a can of soda, zero ambition and minus one achievement, is the very first picture a common mind associates with the word ‘lazy’. But what if I tell you to shift the image of lazy from this stereotype to that of a successful sharp suited prototype? Hard to imagine, right? But let me tell you folks, that depending on what exactly you are being lazy for, this my friends is not a probability, but a very much occurring reality. My personal observation, over the years has taught me that a no-stress approach tends to prove best by making more money in trading and investing, in comparison to serious over-thinking and a workaholic approach.

Making a decision and letting the circumstances determine the outcome of the market, without constant vigilance is what some might call ‘lazy’ but in fact, this in my opinion is what makes a trader ‘smart’. Keeping a 24/7 watch on the market might seem to be the right thing but this really achieves you nothing except for perhaps suddenly causing you to doubt your own position and closing it before it even gets moving or jumping altogether to a new position etc.

What you really need to do is just be “lazy” about your trades, sit back and give them a fair time to play out. By trusting your ‘once for all’ made decision, you will not end up witnessing each and every up and down of the intraday session, allowing yourself to be tempted in meddling with your decided position. This approach leads to a higher overall accomplishment and risk reward return, in the longer run.

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What Drives the Price of Gold?

Gold holds a paramount importance since ancient times and the proportion of gold a family possessed was the measure of their wealth. Today, things haven’t changed much. Gold is being used in a lot of industrial processes such as metallurgy and electroplating. As of March 2011, the price of gold reached a record high of 1420 dollars and there were some factors which caused this rapid ascension. These are as follows:

Gold Mining

The major players who extract the most gold are India, China and Australia. The world’s gold production has a causal effect with the prices of gold. All around the globe, gold mining increased by a staggering three percent since 2010 which is an enormous value. Moreover, the predicaments associated with mining gold have also increased. The gold which was easy to extract has already diminished and the environmental factors which may be hazardous for miners are much more than they were before. They have to dig deeper in order to find some valuable reserves of gold. All this comes at a high cost and therefore, as the expenditures related to gold mining increase, so does the market worth of gold.

Central Reserves for Gold

The central Banks are responsible for the hoarding of gold and other currencies. They have built reserves for this purpose. It was discovered that central banks have been hoarding more gold than they were actually selling by the World gold council. The banks are also bringing about a revolution by encouraging a paper free culture which is also a really big problem. This is one of the main reasons because of which the gold prices have soared.

Hedging in the Forex market

The liquidity of the forex trading market is increasing day by day which means that much more money and statistics are in play every passing hour. This onset of complexities and the associated risks demand a more defined tactical approach. Those of you who are already familiar with the horse racing term 'hedging' must know that although hedging secures your position in the bet, it still involves a substantial risk factor. But better to stay on the safer side of the track right? So to provide the traders with a similar semi-immunity gear, 'hedging' is also commissioned in trading.

What is hedging?

A 'hedge' is something that everyone from naive traders to the experts should know about.  It is a technique that can protect your investments to a suitable extent. Here it should be made clear that getting into a hedge does not mean that when a negative event occurs or the results go down the hill you will come out of it completely ruined. It only means that if you properly hedge yourself, you won't have to undergo a massive financial trauma. It can be taken as auto insurance which is able to compensate some loss after a tragedy but it does not prevent the tragedy from happening. So think of it as a semi-protection shield. Anyone who is involved in trading can and should learn the hugely practiced technique to hedge properly.

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