The Rules of Trading Engagement

November 2, 2009 James Dicks Editorial No Comments

By James Dicks

Trading engagement

Trading engagement

To do anything successfully, you must have a plan and a deliberate method of accomplishing the task.  Trading the Foreign Exchange market (FOREX) or the stock market is no different.  There are rules, strategies, and acceptable methods of boosting your opportunities to become successful and financially profitable.  The bottom line – know how you are going to handle a trade before you make your first move.  You must create a personal strategy.  And if you are trading the FOREX, you will want to “trade” your strategy using a demo account until you are certain that it will work effectively for you.

There’s no way you can tell the future in order to know what direction any particular trade will ultimately travel.  So, if you believe there are “geniuses” out there who can prognosticate direction, forget it.  But there are techniques you can use to obtain a general feel for how a particular issue may trade.  Study the technical and fundamental topics that relate to the particular equity or Forex pair and learn how to read the charts and use the various tools associated with your trading platform.  You may also want to get involved with a trading group.  You’ll be surprised how this support can help you learn the basics very quickly. … Continue Reading

The Importance of Education

November 2, 2009 The Wizard No Comments

By Michael Thomas

Education is important

Education is important

Doing something well takes a lot of time and practice and in order to do it with confidence requires you gather as much information about a topic as you possibly can and then apply that information to achieve your final result.  When we were younger, we all did this; we got up every morning, whether we wanted to or not, and went to school.  But as our school years fade, so does our feeling to obtain the information we need to excel in this life.

Because of the current state of the world’s economy, many Americans have recently started trading in order to add to their personal incomes.  But so many times new traders haphazardly make decisions that may not be very productive for their investment dollars.  … Continue Reading

This month in FOREX – November 2009

November 2, 2009 Global Forex No Comments

By Scott Nourse

Australian Dollar

Australian Dollar

October has seen a great deal of US Dollar selling, marking seven consecutive months of decline against some of its major counterparts.  Currencies of most developed and developing nations are gaining on the back of heightened risk appetite; at least that’s the story most of us have heard.

Perhaps risk appetite has improved over the last six months, but certainly not to the extent to which the buck has fallen.  We are nearly back to pre-crisis levels in the dollar and I can’t name one person that feels as good about today’s economy as they felt in 2007. … Continue Reading

Understanding Market Conditions

November 2, 2009 Final Word No Comments

By Adam Horak

Bear Market

Bear Market

It’s time to put your money on the side of change…traders often don’t look at the “big picture” and often can get caught up in what is happening right in front of the them while not seeing what is going on around them. It pays to know what the markets are doing and why.  Are we seeing an area of consolidation (range trading) or are we seeing an area of higher highs or lower lows (trend trading).

Understanding what kind of a market you are entering will greatly increase your success as an investor. … Continue Reading

MONTHLY COLUMNS