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Useful Daily Forex Articles

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Tue Feb 16, 2016 4:15 pm

Learning Currency Trading – Part 4: USD/CHF

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Introduction:

The symbol USD/CHF stands for U.S. dollar and Swiss franc. It tells us about the number of Swiss Franc needed to buy one US dollar.
About the Swiss Franc, traders say that it happens to be their safest resort in the forex market during the times of political unrest and economic instability. It is regarded by both the newcomers and the old-timers of the forex market to be one of the most reliable currency pair when the volatility of the market is at its highest.

General facts and information:

Switzerland is not only one of the safest countries in the world, but is also a wealthy nation with an economy that is completely reliable. The Swiss economy is safer than most other nations because of the relatively more peaceful political environment that presents either very little or no problem at all to the economic standing of the country.

- See more at: https://goo.gl/ZpkLUV
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Thu Feb 18, 2016 1:24 am

Learning Currency Trading – Part 5: USD/CAD

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Introduction:

The symbol USD/CAD stands for U.S. Dollar/Canadian Dollar. This short form articulates the number of Canadian Dollars one needs in order to obtain one US Dollar. In the symbol, the US dollar is the base currency while the Canadian Dollar is the counter currency.

This currency pair is referred to as “loonie” by many forex traders and economic experts owing to the introduction of a loon at the rear of the Canadian dollar. Often, the Canadian dollar is regarded as the commodity currency based on the fact that raw materials make up a major portion of the country’s export base.

General facts and information:

- See more at: https://goo.gl/g7rlHe
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Thu Feb 18, 2016 1:44 pm

Learning Currency Trading – Part 6: AUD/USD

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Introduction:

The symbol AUD/USD stands for Australian Dollar/United States Dollar. The abbreviation articulates the number of US dollars required to buy one Australian Dollar. In the symbol, the Australian Dollar is the base currency and the US dollar is the counter currency.

The AUD/USD is one of the world’s most oft-traded currency pairs, one of the biggest reasons of which is the importance of Australia and United States in the world trade. Both countries have a continuously expanding and flourishing economy.

General facts and information:

The AUD/USD is nicknamed “Aussie” by many traders in the forex market. In recent years, there has been a tremendous increase in the popularity of AUD in currency trading as its yields continue to hike in the market as compared to other countries.

- See more at: https://goo.gl/MZcM1X
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Fri Feb 19, 2016 2:02 pm

What is an ECN Market?

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The foreign exchange market is one of the biggest trading markets in the world. It is completely unregulated, so there are different market makers that often have a huge impact on the prices. However, if you are a trader in the forex market, there are many things that you should know about this trading platform. Most people often enter the world of foreign exchange trading in the hope of making better trades and maximizing their profit potential. However, since this is a completely unregulated market, most people often end up incurring huge losses before exiting the market.

Now, if you are a forex trader, there are numerous different things that you need to know. First of all, one of the best ways to trade in the forex market is on an ECN market. ECN stands for the Electronic Communications Network, which is a simple network designed to facilitate trades between low level market participants and large scale, tier 1 liquidity providers. Many analysts in the foreign exchange market have said that the Electronic Communications Network is going to be the way of the future. It is going to revolutionize the way people trade and it will completely alter the role of the brokers in the market.

Here are a few important things you should know about the Electronic Communications Network Market:

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Mon Feb 22, 2016 3:36 pm

Learning Currency Trading – Part 7: EUR/JPY

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Introduction:

The symbol EUR/JPY stands for Euro/Japanese Yen. It tells the reader about the number of Japanese Yen that is needed to buy one Euro. In the EUR/JPY currency pair, EUR is the base currency while JPY is the counter currency.

EUR/JPY is one of the most heavily traded currency pairs. However, many forex traders find this pair to be highly volatile with a very large loss risk associated with its exchange. Depending on the market conditions, this particular exchange could either help the trader earn big profits overnight or cause him great losses.

General facts and importance:

Japan and the EU are two successful giants in the global market. With Japanese Yen serving as a proxy currency for Asia and EUR being the representative of the entire Euro zone, the significance of the currency pair can hardly be undermined.

- See more at: https://goo.gl/zAL29u
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Tue Feb 23, 2016 4:52 pm

Take your Forex Losses Like a Man

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Only a fool would believe that you can enter the competitive Forex arena without taking a few blows. An even bigger fool would also believe that all the blows he or she might endure are shallow. Accepting loss is one of the key elements any trader or investor has to master even before they go ahead with their first trade. It’s an inevitable part of the daily forex circle of life, some will rise and others will fall instantly and it can’t be any simpler than that.

Although you cannot avoid losses altogether there are ways which an aware trader can take advantage of in order to always be the one holding the reins regarding how hard he or she is to fall if they do.

Traders are probably tired of hearing this but actually it’s the most important and basic rule of any venture in the trading world, that is to never stray from your strategy

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Wed Feb 24, 2016 4:14 pm

The Forex Industry – Uncut Version

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This article might possibly shock you and make you question everything you've ever been told personally by a 'professional' trader, as well as potentially offend many (if not all) of the experienced forex traders. The purpose of this article is to 'expose' everyone in your life who's told you everything against this article.

I'm pretty sure that what initially inspired many people to pursue trading was all the hype that the media created regarding the simplicity and luxury that comes with being in this industry. Traders you personally know might have showed-off their new car or huge house in an attempt to 'encourage' you to begin trading. The truth is that all of that was a lie.

Now don't get me wrong, gradually you can have that new car or extravagant lifestyle but what everyone fails to mention is that it doesn't just present itself to you in a hand basket.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Thu Feb 25, 2016 2:18 pm

Live Vs. Demo Trading Accounts

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There are numerous forex trading platforms that allow you trading through them and in order to start trading you have to create an account. Now there are different types of accounts that can be categorized as live and demo accounts. Demo accounts are basically for beginners to learn about trading without risking any money.

Now obviously it is good to practice one’s trading strategy with a demo account but the problem is that people stay on their demo accounts too long. A time comes when the trader has mastered the screen time and has all the relevant knowledge but when he/she starts trading with a real account, they start to lose their money.

- See more at: https://goo.gl/o8xNWK
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Fri Feb 26, 2016 2:53 pm

Famous Quotes from Professional Traders

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Trading is all about possibilities and sometimes you'll win, sometimes you'll lose or sometimes you'll be losing for so long that you get frustrated. People assume that a trader's life is full of pros but ask a real trader and they'll probably laugh at that assessment. In reality, sometimes they just want to quit because of it but rest assured, after this article, quitting will be the last thing on your mind. Take it from the people who've been doing it for years and got big:

1. “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch

The possibility of a good trade or a bad one can not be forseen and instead of getting emotional about just think of it as part of the game.

2. What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” -William O’Neil

The message here is to understand the dynamics. Some of them might seem appealing but are actually not or viceversa.

- See more at: https://goo.gl/cyVyha
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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Mon Feb 29, 2016 2:02 pm

Learning Currency Trading – Part 8: EUR/GBP

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The symbol EUR/GBP stands for Euro/British Pound. It tells us about the number of British Pounds required to purchase one Euro. In the symbol, EUR is the base currency while the GBP is the counter currency.

General Facts and Importance

Various websites and forex analysts have concluded that the most important and the most voluminous exchange rate in the United Kingdom is the rate of exchange of EUR to GBP. While EUR is the world’s second largest trading currency, GBP happens to be the fourth. The currency pair is of immense importance when the proximity of the location and nature of trade between the UK and the Euro zone is taken into account.

- See more at: https://goo.gl/Ijwsb9
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