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Useful Daily Forex Articles

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Tue Mar 01, 2016 1:42 pm

Hedging in the Forex market

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The liquidity of the forex trading market is increasing day by day which means that much more money and statistics are in play every passing hour. This onset of complexities and the associated risks demand a more defined tactical approach. Those of you who are already familiar with the horse racing term 'hedging' must know that although hedging secures your position in the bet, it still involves a substantial risk factor. But better to stay on the safer side of the track right? So to provide the traders with a similar semi-immunity gear, 'hedging' is also commissioned in trading.

What is hedging?

A 'hedge' is something that everyone from naive traders to the experts should know about. It is a technique that can protect your investments to a suitable extent. Here it should be made clear that getting into a hedge does not mean that when a negative event occurs or the results go down the hill you will come out of it completely ruined. It only means that if you properly hedge yourself, you won't have to undergo a massive financial trauma. It can be taken as auto insurance which is able to compensate some loss after a tragedy but it does not prevent the tragedy from happening. So think of it as a semi-protection shield. Anyone who is involved in trading can and should learn the hugely practiced technique to hedge properly.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Wed Mar 02, 2016 1:01 pm

What Drives the Price of Gold?

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Gold holds a paramount importance since ancient times and the proportion of gold a family possessed was the measure of their wealth. Today, things haven’t changed much. Gold is being used in a lot of industrial processes such as metallurgy and electroplating. As of March 2011, the price of gold reached a record high of 1420 dollars and there were some factors which caused this rapid ascension. These are as follows:

Gold Mining

The major players who extract the most gold are India, China and Australia. The world’s gold production has a causal effect with the prices of gold. All around the globe, gold mining increased by a staggering three percent since 2010 which is an enormous value. Moreover, the predicaments associated with mining gold have also increased. The gold which was easy to extract has already diminished and the environmental factors which may be hazardous for miners are much more than they were before. They have to dig deeper in order to find some valuable reserves of gold. All this comes at a high cost and therefore, as the expenditures related to gold mining increase, so does the market worth of gold.

Central Reserves for Gold

The central Banks are responsible for the hoarding of gold and other currencies. They have built reserves for this purpose. It was discovered that central banks have been hoarding more gold than they were actually selling by the World gold council. The banks are also bringing about a revolution by encouraging a paper free culture which is also a really big problem. This is one of the main reasons because of which the gold prices have soared.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Thu Mar 03, 2016 12:16 pm

How to make money trading Forex while being lazy

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An obese guy sprawled out on a couch, in old worn out pajamas, a drooling mouth, a fat bag of cheese pops, a stash of expired super hero comics, a can of soda, zero ambition and minus one achievement, is the very first picture a common mind associates with the word 'lazy'. But what if I tell you to shift the image of lazy from this stereotype to that of a successful sharp suited prototype? Hard to imagine, right? But let me tell you folks, that depending on what exactly you are being lazy for, this my friends is not a probability, but a very much occurring reality. My personal observation, over the years has taught me that a no-stress approach tends to prove best by making more money in trading and investing, in comparison to serious over-thinking and a workaholic approach.

Making a decision and letting the circumstances determine the outcome of the market, without constant vigilance is what some might call 'lazy' but in fact, this in my opinion is what makes a trader 'smart'. Keeping a 24/7 watch on the market might seem to be the right thing but this really achieves you nothing except for perhaps suddenly causing you to doubt your own position and closing it before it even gets moving or jumping altogether to a new position etc.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Fri Mar 04, 2016 10:59 am

How to spot a forex trading fraud

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Are you sure that a recent promise by someone to help you get filthy rich in a day wasn’t a scam? Or that your unguided approach hasn’t led you in to a well-planned hoax? You’ve been the subject of a fraudulent scheme? And let’s just face it; a lot of people have been inflicted by such plights. With the market growth sprouting like fungi on the global fronts nobody wants to lag behind in their material success and why should they? But as this race falls into sync with the hoax business preying on the naivety of new investors in the market; chaos finds its place, dreams fall apart and hard earned money is thrown around like confetti. And by the time the victimized amateur sees the devil horns under the fake halo of the seductive sharp suited lure, it is usually too late. Money has already gone down the drain with no return factor.

We here at Forex have taken up the initiative to educate our clients and make them aware of the foreign currency scams being carried out shamelessly in the forex industry.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Mon Mar 07, 2016 3:07 pm

How to Improve Your Forex Trading Routine

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If your trading routine is plagued by lack of sleep and a gallon of espresso shots to down its after affects, then these tips given below should be considered nothing less than a holy grail, to make your eye bags finally disappear along with granting you an active mindset for efficient trading.

Sufficient sleep is the number one prerequisite for a sound mind. Get at least 7 hours of sleep a night as nothing can ‘compensate’ for the lack of sleep. Your body will ultimately give up on you and your reasoning abilities will be impaired. So hence, if it is not already, then it is finally the time for your sleep cycle to fall in to the cleft of the maxim "early to bed, early to rise makes a man HEALTHY, WEALTHY and WISE."

After proper sleep comes a proper diet and specifically a proper breakfast.


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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Tue Mar 08, 2016 1:55 pm

What I Learned About Forex Trading from Professional Poker Players

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If you observe a poker game you would realise that there are plenty similarities in poker and trading. One can actually learn a lot from poker players about the trading world. It is a well-known fact that most of the best candidates for trading jobs at Wall Street are professional poker players. And this fact has been justified by the Department of Economics in Harvard University.

In poker, it’s all about managing your risk properly and executing your play with consistency, this won’t be gambling, this will be basically playing the odds. It’s the emotions that throw a player off his game and he starts to gamble with his money.

So what are the important things a trader can learn from poker?

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Fri Mar 11, 2016 2:12 pm

HiWayFX Forex Trading Accounts

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HiWayFX is a global broker and acts as the medium between a trader and a network of banks. Before you start trading with HiWayFX, you need to consider certain guidelines to ensure efficient management of your trading account.

The first step requires you to register a forex trading account. Opening an account is actually very simple and is quite similar to opening a bank account. The types of trading accounts offered by HiWayFX are variable depending on your preferences. All of the trading accounts here give you a personal account manager, free economic calendars and educational videos. Also, for all accounts, the currency used for depositing is Euros.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Fri Mar 11, 2016 2:26 pm

Learning Currency Trading – Part 9: NZD/USD

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The symbol stands for New Zealand Dollar/United States Dollar. It tells the reader about the amount of US dollars needed to buy one New Zealand Dollar. In this particular pair, the NZD is the base currency and the USD is the counter currency.

General facts and information

The New Zealand Dollar/US Dollar pair is also referred to as the Kiwi. The NZD is one of the three major commodity currencies, the other two are AUD and CAD. New Zealand was crowned in the year 2005 as the world’s most favourable country for businesses by the World Bank. This small, scenic Island is not only politically peaceful and economically strong, but is also one of the most investment-friendly countries. Lately, it has made sure that it serves as a hub for businesses and investments by being extremely lenient in the regulations it places over business activities.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Tue Mar 15, 2016 4:48 pm

In Trading, Less is more

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We can witness the rise and fall in markets commonly. It is crucial in some ways, but it may also result in excessive loss of money if we try to trade everything.

There are some errors quite common like trading intra-day price variations or withdrawing a cost-effective trade simply because the market started retracing against your situation. These kind of faults result because of giving unnecessary importance and effort to the regular price variations in a market.

It is well known that less is more in trading. We can emphasize on the importance of this fact by notifying few key points about market dynamics, price action and how not to react at every fluctuation in the market.

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Re: Useful Daily Forex Articles

Postby Pepen_supendi » Wed Mar 16, 2016 3:51 pm

And you thought it was just Gambling with Suits

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If you were presented with a person that is engaged in an activity that can either indulge him or her with buckets of riches or complete loss of belongings your instant guess on what the activity is would be gambling. That is usually the image portrayed when someone outside the online trading industry hears how the forex world works, however this is not the case. Sure, gamblers and traders may share some very striking characteristics but their core difference is analysis.

One of the things that gambling and forex trading have in common is the way the foreign exchange or stock market works in relation to poker table. What drives both people to these two area is ideally the opportunity to earn money, and usually a small amount of money is barely enough, if you’re in it you are in to win big or else you should pack up before you even get started. Even the procedures can be related to each other, in a casino filled with countless tables the gambler will choose the one that feels right to him. The same way a trader will choose the right broker after going through a stunning number of prospective brokers in order to settle on one.

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