How much money do I need to start trading Forex? Can I start with $2,500?
You certainly can start trading forex with that much. In fact, you could go way lower. Many forex brokers these days have accounts open to small traders. There’s at least one broker who has no minimum account size. When picking a broker, though, make sure that the trade size minimums (so called lots) are reasonable for your account size, otherwise you will be in a position of have to trade too large for your capitalization.
Will Crude Oil hit $100 per barrel?
Crude Oil surged to a new all-time high today as the situation in the Middle East appeared far from being resolved.
The two reasons most options investors lose money
As many as 90% of all persons buying options lose money…
Is there a way to determine which high RS stocks will continue to rise and which ones are about to fall apart?
There are certain telltale signs we look for in a stock with high relative strength that might be vulnerable. In this article I will explain how to detect stocks that are overextended or are displaying other warning signs.
I need to learn how to trade Forex. Can hype about it be believed?
A: As in trading any market, you should always be suspicious of anyone trying to tell you that they have the one true way to make profits in forex. There is no one way. The fact of the matter is there are many ways. You need to find the one that is best suited for your personal needs and situation.
Short term trading techniques for the FX market
I want to illustrate how some of the techniques and indicators used in a scalping strategy can still be overlaid on to a swing trading approach in order to maximize entry and exit points.
Q: What would be the best way to scan for which stocks to trade the following day?
It all depends on your trading style. Personally, I like
pullbacks and normally consider holding positions for one to five days. With
that said, looking at the pullback list gives me a good start. I then whittle
these 30 stocks down to a few that are worthwhile. This comes with experience.
I’m normally look for stocks on the list that are in the strongest sectors. In
addition, after much trial and error, I’ve learned to recognize the best
patterns. This is the type of analysis I do for my nightly Stock Market Outlook.
You could apply the above methodology to any list we publish that fits your
trading style. In addition, I suggest you experiment with the
StockScanner.
Check
TradingMarkets’ Trading Lessons for my series of articles
on using
I’m looking to open up my first Forex account. What should I look for in a Forex broker?
You should be looking for basically the same things you would look for when trading any other market. That includes things like speed and accuracy of execution, safety of funds deposited, and low transaction costs (spreads or commissions). Beyond that you get in to more personal things like customer service and the features of the broker’s trading platform.
Depending on your trading timeframe, you may also want to take the broker’s rollover (carry interest) policy. Some brokers will only charge or pay carry on positions held overnight. Others do so on a continuous basis. For a longer-term trader this is not a big deal. For the short-term trader, however, it can definitely come in to play.
Ridin’ the MoMo train…
GOOG is one of the 5 stocks that I keep on my watch list. News announcements from the company makes for AMAZING trading.
Part V: What Influences Forex Prices?
Foreign exchange rates are both a market unto themselves and an influence on the fundamental situation of other markets. They reflect the strength or weakness of an economy and are a factor in it.
Part IV: Understanding Positions & Profits
The best way to understand what happens in a forex trade is to demonstrate by way of example.
Hi, I currently do pretty well in my stock trading. Can my success in trading stocks be transferred over to Forex?
A: If you follow sound trading practices – and by that I mean you have a well
conceived trading plan that you follow – then you can certainly transfer your
stock trading success over to forex.(more)