Forex

A way of winnig huge profits. Currency exchange   is the trading of one   currency   against another. Professionals refer to this as foreign exchange, but may also use the acronyms Forex or FX.   Currency exchange is necessary in numerous circumstances. Consumers typically come into contact with currency exchange when they   travel. They go to a bank or currency exchange bureau to convert their "home currency into ,   the currency   of the country they intend to   travel to.   They may also purchase goods in a foreign country or via the Internet with their credit card, in which case they will find that the amount they paid in the foreign currency will have been converted to their home currency on their credit card statement.   Although each such currency exchange is a relatively small transaction, the aggregate of all such transactions is significant. Businesses typically have to convert currencies when they conduct   business   outside their home country. They exportin goo

1. No matter what you read about trading, until you use an approach and test it with your money on the line you will never learn how to trade. Paper Trading is NOT Trading! 2. If it were really possible to "Buy Low Sell High" or "Cut your Losses and Let your Winners Run", then almost everyone would be making money rather than losing it. 3. Remember that there is ALWAYS someone on the other side of your trade who is using a trading technique exactly the opposite of yours who hopes to make money with his system. 4. If 90% of all traders lose money, they must be following generally accepted trading rules. The 10% who win do not! 5. You trade your beliefs and your beliefs about your system. If you have a problem with yourself, fix yourself first. 6. Impatience, Fear and Greed will make you poor. Any need to trade is rooted in greed and impatience. 7. If you really understand the markets then YOU KNOW that there is the same opportunity on every time frame, in