The (Foreign Exchange) Forex Trading Market Explained.

The Important Ways to Keep From Losing in the Forex Markets

The idea behind forex trading is of course to make money.  However, like any speculative investment, there is a change of loosing money.  The same holds true with the stock market and the commodities market, and in business itself.  Any investment that has a chance of great gain will also have a certain level of risk.  As a forex trader you will want to minimize your chance of risk.  Do it in these ways.

Stay informed.  Read the news magazines and political events journals.  Know what is happening in the world politically.

Have a good understanding of economics.  Take a college econ course if you never have.  Read the journals of economics and books by economists like John Maynard Keyes, Kenneth Galbraith and Walter Williams.  

Read periodicals like the Wall Street Journal and Business Investors Daily.

Open up a practice demo account and use it before you get into the market.

Have a broker you trust.

Cultivate friendships with other traders who know their stuff.

Look at the historical trends.  Read and study forex charts.

Take a course in forex trading to get your skills up to snuff.

Research forex on the Internet.

And finally, only invest money that you can actually afford to loose if worse comes to worse.  Then you won’t be out of the game completely.

Forex trading is not a game for the timid.  Jerry Sparks was a forex trader who did very well for years.  He followed all of the rules.  His college degree was in history with a minor in political science and he went back and took extra courses in economics and business.  Jerry stayed informed. He watched CNN, CNBC, MSNBC and Fox News often. He went to all the major web sites and read several magazines.  He also spent time with a demo account before he got into the market in a big way.  Jerry was determined to make a killing, and he eventually did.  Jerry also only invested money that he had designated as risk capital.  He could still live without it if needed.

Sam Franks, Jerry’s friend, didn’t do as well.  Sam never took an economics course in his life and in fact was bored by Economics.  He knew nothing of history or politics and didn’t even know who John Maynard Keyes was.  Sam took his life savings and invested in forex trading without having spent time practicing with a demo account.  He knew nothing of the currencies he was trading, and didn’t know what historical trends were, or what activity was occurring.  He knew nothing of inflation, and in the end he lost some of his money.  The difference in these two people is important. One was prepared and the other was not prepared. One made money and the other did not. One did his homework and one neglected it.  What you can learn from this is that it is better to be prepared.

By knowing something about other countries and the activities happening over there, you’ll be better able to make educated guesses.  For instance, if there is a great deal of inflation in a country, you may not want to invest in its currency.  However, if you are hedging against that currency you may do well.  Remember that it is never too late to learn.  There are many good courses available online, and offline.  There are many great books to read.  Many economists write newspaper and magazine columns and many have web sites you can go to.  By doing so you’ll be able to learn at the feet of the masters.  See how their minds work, and what currencies they are currently investing in, and you’ll be in a better place when it comes time to make those hard decisions yourself.    Also going online and meeting other people in forums and chat rooms who share your interest will give you more insight and knowledge.  Like anything else in life, forex trading is a job that you must prepare for. The better educated you are, and the better prepared you are, the more likely you will be to be successful.



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Introduction to Online Forex Trading
Current Forex Currency Rates
Forex Trading
How to Get Started In FOREX Trading
FOREX versus Futures Market
FOREX versus Stocks
FOREX Trading Philosophy
Fundamental Analysis In Forex Trading
Forex Technical Analysis - Part 1
Forex Technical Analysis - Part 2
FOREX Trading Strategies
Trading Currencies on Margin
Currency Option Marketplace
FOREX Signals
How to Read FOREX Quotes
Calculating FOREX Profits and Losses
Risks of FOREX Trading
FOREX Training
FOREX Trading Software
FOREX Brokers
FOREX Glossary
Forex Updates and Training
Crash Course in Forex Education
How to Recognize Patterns in Forex Trading Markets
Defining Exotic Currencies and Their Impact on Forex Markets
Defining Trading Trend and Ranges in Forex Trading
Mind Games – The Psychology of Forex Market Trading
Crossing Currency - What’s This Mean to Forex Traders
Money Management Basics for Forex Traders
Choosing Your Forex Broker
Expensive Beginner Forex Trader Mistakes
The Elliott Wave Theory for Forex Markets
Failsafe Facts to Guarantee Failure in Forex Trading
Five No Nonsense Strategies in Forex Trading
Global Expansion and It’s Reaches within the Forex Market
Hedging in the Forex Market
The Important Ways to Keep From Losing in the Forex Markets
An Overview of the Euro’s Performance in the Forex Markets
Six Trading Tips for the Forex Newbie
The Lowdown on Day Trading
Interpreting How Interest Rates Drive the Foreign Exchange Markets
The Basics of the Bollinger Band Technical Indicator in Forex Markets
Relative Strength Analysis in Forex Trading
The Basics on Understanding Forex Options
Forex Charts – What Are They and How Do You Read Them
Interpreting the Future of the Oil Marketplace and How It Affects Forex Trading
Top Five Economic Indicators that Drive Forex Trading
Rules for Trading in Forex Markets
How Does the Japanese Yen Stack Up Against the US Dollar in Forex Markets
Pivot Points in Forex
The Ins and Outs of Trying Out a Forex Demo Account
The Top Currencies to Watch in the Forex Trading Game
Defining Moments Regarding Trading Trends and Ranges with Forex
Top Ten Basic Terms in Forex Trading and Their Definitions
Forex Folklore Investment Myths in the Market
Five Economic Driving Forces that Influence Forex Trading
Day Trading All You Wish You Did Not Have to Know
Time line for Daily Forex Trading When are the Optimum Moments
Forex Relative Strength Analysis
How Forex Quotes Can Influence your Trading Tactics
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