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The foreign exchange, FX or forex market first arose in ancient Mesopotamian times. Royal palaces and temples were used to store harvested commodities which in turn created the need for revenue. This revenue was used for transfers to those who made the deposits and to third parties. The very same banking and receipt business were [...]
Category Archives: Forex
Paper and Real Money Trading
June 24, 2009 – 1:19 pm
Paper trading has its merits and demerits whether it is of value or not. In paper trading the profits are meaningless. Paper trading is an important step in the trader’s learning progression.
Paper Trading Values:
Simulator fill prices are not real and won’t be attainable with real money
There isn’t any financial risk [...]
Choosing the Right Forex Broker
June 24, 2009 – 10:47 am
Online Forex trading market becomes progressively more saturated and the choice of brokers becomes wider, the decision of which broker to run with becomes increasingly important for the trader. Although the majority of brokers offer the same basic trading platform, there can be an enormous variation in what they offer their clients, both in terms [...]
Forex Scams – How to Spot them a Mile Away
June 23, 2009 – 10:00 pm
In recent years, investors have observed increased number of savings opportunities and offerings.
1. Promises of Little or No Risk
If you come upon a Forex firm that alleged to have developed a foreign currency trading strategy that carries very little or no risk, stay away. The Forex market is very unpredictable, and, without good money management, [...]