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Day trading forex market behaviour

Technology advances like the internet have spawned a new craze, where anyone with a secure internet connection prepared to undertake a small amount of training can engage in trading foreign exchange on the forex market. Just as a day trader...Read More

Day Trading, Forex or Currencies Back Testing - A Way to Improve Your Trading Score

You can draw some useful parallels between running a business and Day Trading, Forex or Currencies trading. For instance, most successful businesses keep statistics on everything from their conversion rate, to their average dollar sale, to the...Read More

Forex Charting Lesson: Chapter 1 - Introduction

We made our Technical Analysis lessons as simple as possible for easy understanding. There will be as much graphs and step by step guide as possible. We believe that the basic is the most important step to understanding TA - with these basics,...Read More

How to choose wisely a FOREX broker

Most traders use a FOREX broker to handle their transactions. What exactly are brokers? Strictly speaking, brokers are individuals or companies that buy and sell orders according the investor's decisions. Brokers earn money by charging a commission...Read More

What A Forex Broker Does

Even if you have bought and sold homes before, you probably would not want to do it without the help of a licensed real estate broker. The housing market is constantly changing, and you want someone that understands where that market is headed. The...Read More

Recommended Forex Reading

'Trading in the Zone' by Mark Douglas

Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.

Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.

Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability.

Latest Forex News & Information

Dollar picks up haven support

The dollar and yen gained steadily on Thursday as risk aversion pushed investors towards haven currencies following the release of US jobs data

Overview: US jobs data sideline risky investments

Investors recoiled from more daring assets after a sharp drop in US employment set back hopes for a quick revival of the world's largest economy

China to allow renminbi trade payments

Beijing moves towards reducing reliance on the US dollar with new rules that will enable importers and exporters to settle their payments to select Chinese companies in renminbi

ECB puts pressure on banks

Eurozone official interest rates were left unchanged at 1 per cent by the European Central Bank as policymakers await signs of the region's economic recovery gaining momentum

Overview: Upbeat data fuel risk appetite

Global risk appetite gathered steam as the second half of the trading year began and investors digested manufacturing reports from the major economies

View of the Day: The dollar fairytale

The concern that government deficits and debt will sink the dollar is a "fairytale", says Gabriel de Kock at JPMorgan

Insight: Risks of currency intervention

The return of 'dirty floating' poses risks for both policymakers and investors, says Mansoor Mohi-uddin at UBS

US private sector sheds 473,000 jobs

US companies cut nearly a half million jobs last month as the recession continued to cut into the labour market in spite of other recent signs of hope in the economy

UK economy shrinks most in 50 years

The UK economy shrank by 2.4% in the first quarter, the most fall in more than half a century, according to revised figures that were much weaker than originally estimated

Overview: Strong quarter for equities ends on dull note

Disappointing US consumer confidence data offer a timely reminder of the headwinds facing the global economy

OECD urges plan to control spending

Any recovery in the UK is highly dependent on the restoration of stability in its badly damaged financial sector, according to an in-depth report on the state of the British economy

Eurozone economic confidence rebounds

Eurozone economic confidence recovered more than expected this month, even with idle capacity in the region's industrial sector at a record high, according to a European Commission survey

Overview: Central banks point up risks ahead

Signs of economy 'green shoots' are thin on the ground, leaving riskier assets such as equities and commodities struggling to make gains

China repeats criticism of dollar dominance

The People's Bank of China repeated its call for the world to cut its reliance on the dollar, saying it saw serious defects in one currency dominating the global monetary system

SNB shows its appetite for a fight

The Swiss franc's haven status has forced intervention to the top of the central bank's agenda as it strives to stop currency appreciation hitting its campaign against deflation

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