In Forex trading 95% of all traders lose money and while this is a huge percentage, it’s a fact that Forex trading can be learned by anyone with a desire to succeed and a willingness to work at the basics. Someone once said to me, “Forex trading is simple but its not easy” and this statement, is very true; anyone can learn to trade but with the rewards on offer, you wouldn’t expect it to be easy. (more…)

W ITH equity, property and bond markets going through a rough time, investors are increasingly tempted to see currency trading as a safe haven. However newcomers should remember that while the gains can be impressive, those without a clear strategy can suffer losses that would make share traders blanch. The most famous example is the £3.3bn the Bank of England lost in 1992 betting against billionaire (more…)

Companies and individuals may speculate in foreign currency exchange rates (commonly referred to as “forex”), and a number of firms are presently offering off-exchange foreign currency futures and options contracts to the public. If you are a retail investor considering participating in this market, you need to fully understand the market and some of its unique features. NFA has prepared this booklet (more…)

A difficult challenge facing a trader, and particularly those trading e-forex, is finding perspective. Achieving that in markets with regular hours is hard enough, but with forex, where prices are moving 24 hours a day, seven days a week, it is exceptionally laborious. When inundated with constantly shifting market information, it is hard to separate yourself from the action (more…)

EES provides an online trading platform for individuals that want to speculate on the exchange rate between two currencies. In doing so, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from market news or events that take place in the world. (more…)

a Brief history of Forex Forex trading has a rich history that goes back to the earliest systems of barter and trade. Unfortunately, throughout time, forex trading was only reserved for the wealthiest individuals, banks and later large corporations. That all changed in the late 1990s when the rise of the internet (more…)

A Brief history of Forex Forex trading has a rich history that goes back to the earliest systems of barter and trade. Unfortunately, throughout time, forex trading was only reserved for the wealthiest individuals, banks and later large corporations. That all changed in the late 1990s when the rise of the internet and advances in technology enabled individual traders to connect with forex dealers, view market prices and make trades online. (more…)

Spot foreign exchange market today is the most volatile and liquid of all financial markets in the world. The present paper addresses in details the efficiency, liquidity and risk seen by a trader, particularly concentrating on analysis of high frequency data for intraday trading. The main findings of the research include the fact that the market was found to be efficient in weak form, which in particular means that technical analysis cannot be successfully (more…)

With out going too much into my life’s story I will explain where it is I come from and what purpose, I hope, this book will have in your own Forex trading career. At the time of writing this book I am 28 years old, recently moved from the UK to Johannesburg and have been trading forex full time for 1 year. Before becoming a full time forex trader I worked for 6 years as a software installation engineer for an IBM business partner in the UK. (more…)

Let’s discuss the false high-breakouts (the same holds for low-breakouts). There are times when price breaks a significant high, a buy order is filled, long position is opened, but the price quickly turns back down and never comes up or stoploss is filled. The trader has to exit position with a loss. Small losses are not something unusual. Every professional trader has losses in Forex trading, (more…)