Forex Trading: Good Opportunity Or Scam?Fortunately, thanks to new legislation written in the late 1990’s, forex brokerages have opened up to the general public and offer trading opportunities for anyone who has an interest in trading currencies for profit. In fact, many brokers allow traders to open and trade currency with as little as $250 dollars in an acc... [Read more]
Forex Basics Part 1.Forex is an acronym for Foreign Exchange. The foreign exchange is a currency market where currencies are traded. Traders are trading one currency against another. There are very large players in this game such as, large banks, corporations, and countries. There is also the speculative trader. Most individual traders would fit into the speculative category. Speculative trading focuses on the value of one currency with regard to another. As a speculative trader you focus on or bet on which currencies will go up in value and which ones will go down. Fundamental economic news and political situations play an important roll in the fluctuation in value of a currency for any given cou... [Read more]
MM And ECN: Making A Killing With The Right Forex BrokerIf you have already figured out your forex trading strategy by now, you are not in the clear yet. Now comes the part where you get to choose the type of brokerage firm that will fit in seamlessly with your ... [Read more]
Why Is A Mentor Necessary To Succeed At Forex (FX) Currency Trading? (Part II)By engaging the services of a Forex trading mentor rather than purchasing a one-size fits all course, you are providing yourself with a jump-start to your Forex trading education. If your overall goal is to learn Forex trading, a mentor is a great way to go, mentors have years of their own trading experiences to share with you in addition to methods of learning that may deviate from the general courses that are marketed to mass audiences. Even better, mentors teach and guide you as an individual rather than one of the masses. They want you to succeed and will present the information over and over until it clicks with... [Read more]
Keep Your Shirt On- Skirt Those Forex ScamsThe U.S. CFTC (Commodity Futures Trading Commission), which regulates futures and commodities trading, warns new investors to be wary of frauds and scams that promise huge profits from your investments, in and out of the Forex market. The CFTC has issued several Consumer Fraud Alerts in connection with foreign currency trading. They offer the following tips to help you avoid being sca... [Read more]
