Traders that try to pick the tops and bottoms of the market throughout the day end up with 
mostly misery because inexperienced fellows in Forex departments even in first division clubs
try to pick the tops and bottoms believing that is where the real big money is.
And ego demonstration and bonus consideration comes into play too for smart college graduates.
The first thing I do when facing new recruits is,
do my best to destroy their ego and fear in the market first.
Once their ego and fear are reasonably cured, they become dutiful followers of the market like Pavolv`s hounds and they can survive. And once they can survive, they can be taught on how to put temporary tops and bottoms to the market at much higher level of speculation school. Then, that may take at least a decade of training too.
Look for a reputable broker Live to trade another day Don’t trade emotionally, stick to your plan and maintain discipline Don’t leave stops at obvious levels such as “big figures” (e.g. eur/usd 1.20, usd/jpy 110) Don’t add to a losing position in unless it is part of a strategy to scale into a position Trading with and against the trend Treat trading as a continuum Forex trading is multi-currency Be cognizant of what news is coming out each day so you don’t get blindsided Beware of illiquid markets
Speaking frankly Forex is a great way to earn easy money and work only a few hours a day (even a few minutes) but let’s be honest it is not for everybody. You need to have supreme mental abilities and self control if you want to take advantage of Forex not to get Forex to take advantage of you.
I know many people who started trading currencies with the great ambitions to change their lives and make good money but most of them failed. It appears that this is work only for those who can survive under serious pressure. When you play demo accounts it looks really easy (and this is why most of the brokers have this option for new comers). You can even create a really working system and double even treble you demo money only in a couple of days. The truth is that this is what causes many people to put on the platform money which they cannot afford to lose. And here is the problem: it appears that many players know exactly what to do when they win but when they are not mentally prepared to loose. They easily turn a small lose into disaster making a consequence of wrong decisions.
It is really good to have in mind that the money someone is winning in Forex is the same money that somebody else is loosing there. Our advice is trivial but precious: “Never to play with more than you can afford to loose”.
Forex market is a very specific nonstop cash market where different currencies are being traded, usually by brokers. All the currencies are constantly bought and sold on many local and global markets. Investments increase or decrease in value following every movement of the currency pairs. Foreign exchange market is very vulnerable to real-time events.
Typically Forex offers:
v 24/5 nonstop access by the online platforms.
v Enormously liquid market.
v Volatile markets offering excellent opportunities.
v Different instruments giving easy control over risk exposure.
v Ability to gain profit in both rising and falling markets.
v Leveraged trading having low margin requirements.
There are a few reasons why Forex is considered unique.
- There are varieties of factors which affect the rates.
- There is geographical dispersion
- Large number of traders are performing in the market
- The market is extremely liquid
- Trading volume is enormous
- The trading hours are 24 hours a day (breaks only on weekends).
The foreign exchange market (called as well currency or forex or just FX) exists when one currency is traded for another.
By all means this is the largest financial market on the globe. It includes trading between central banks, governments, significant banks, currency speculators, multinational corporations and many other institutions and financial markets.
The importance of these operations is described by the average daily trade which is over USD 3 trillion. The individuals are just a small fraction of this market and they are limited only to indirectly transaction through brokers or banks.
If you want to keep your hand on the pulse of financial markets and to assess trading opportunities on the Forex market, Sigma Forex is the right place for you. We offer a powerful Forex trading platform to engage on Forex market and online trading. Forex market quotations, Forex market order placement and confirmations are available online 24 hours a day and 5 days a week! At Sigma Forex you have the opportunity to take advantage of mini Forex trading with flexible lot sizes and trade in any fractions of a low in base currency.
Do you think it's too hard to open your account and start Forex market trading? Here are Sigma Forex Financial Company you will find various useful aspects, such as around-the-clock trading, up to 1:100 leverage (please note that high leverage is associated with high risks make sure to read Risk Warning on this website), mini Forex accounts and transactions in a fraction of a lot - and many other tools to engage the Forex market. Sigma Forex allows our clients to trade 14 currency pairs. If you are looking for flexible FX online trading platform, Sigma Forex offers you all new Rumus 2 platform loaded with FX tools essential for trading, analysis. Beside the traditional functionality of "stop" and "loss", our FX currency trading system accepts orders to close, reverse, increase or decrease size of your position.
Whether you are the beginner, who wants to start with mini Forex trading or advanced trader; whether you prefers fundamental or technical Forex market analysis, our Forex online trading platform may meet the needs of different investors' groups. Internet dealing FX currency trading system gives you real-time market quotes, fast order executions, integrated streaming Dow Jones News, generated reports and much more. RUMUS2 analytical Forex market platform allows you to keep track the real time data feed, historical quotes database, variety of tools and indicators. With Sigma Forex Financial Company you have a chance to create your own indicators and trade the full value of your account.
Irregardless of your investment size (standard or mini Forex trading), we at Sigma Forex will make everything possible to provide you with superb service, while delivering a true FX online trading experience. Please note, before you start trading you should read about terms and conditions as well as Risk Warning displayed on this website.
Forex Market Strategy
Financial Forex market is a popular place to trade world currencies for specialized traders, brokers and individuals who want to earn money online. At online Forex market anyone can get a financial success with the help fundamental knowledge, continuous training and business luck. Briefly speaking Forex market strategy is a method of using currency exchange rates from different countries to buy one country's currency when it is undervalued and exchange it for another country's currency when it is of normal or higher value. By using Forex market strategy you will get profits from the difference of currency exchange rates.
Our managed Forex day trading system will help you to raise your business profits, increase financial success of your company and personal income. But before you decide to try managed Forex trading strategy in practice and invest in foreign exchange real money, we strongly recommend you to determine your investment purposes, level of experience and possible risks. Before using managed Forex trading strategy you should be well informed about all risks associated with foreign exchange trading and in case of any problem consult with our financial advisors.
You can start trading on financial Forex market from everywhere you want: your home, office and even on the road with your mobile phone. Install financial Forex market platform on your computer and begin to earn money.
Register any Forex trading account with us and we will provide you with top-notch customer support and high level services to help you follow your chosen Forex market strategy successfully.
Trading Strategy - Pre-trading shorts?
The SEC rule change on short-selling forces speculators to borrow shares before shorting them. This all but eliminates day-trading on the short side. Seems likely to be viewed a positive for a bear market but like all rules the unintended consequence will be to eliminate liquidity in shares just as the market wants it and the short-squeeze will be less dramatic. While calming markets down is the first order of business that Bernanke made clear in his testimony – the second order is inflation and today’s US CPI will be key in allowing all the other things that need to be fixed the key ingredient – time. FX markets actually took center stage overnight – with both CHF and JPY gaining again – but not purely against the USD. The article in the WSJ coupled with the CPI reports today show that Europe suffers as much as the US. The failure in Spain of the biggest real estate developer should be a wakeup call for the EU. Further ECB hikes due to inflation targets will be meeting more resistance from politicians. Bernanke won’t be alone in his rock or hard place dilemma. The US data today may actually help stabilize the market more than any new regulation - first the TIC data may show that the world still puts money into the US enough to finance its deficits, second the IP data may not be horrible enough to show a clear recession in manufacturing, third Congress may be able to support Bernanke in his second round testimony by suggesting more stimulus. Overall, the bears should be a bit worried today – and that may be good for the USD but better for the crosses. Key for USD will be 103.70 JPY – the voodoo of the cloud point, but more interest overnight in EUR/CHF and EUR/JPY may be the driver linked to equities. With oil down, gold down, the USD may hold well in a dull range allowing some respite from the volatility that destroyed risk-taking over the last week.
