How Good Are You in Forex Trading to Win?

As a Forex trader Forex currency, You may have asked Yourself with that question at least once, "How good am I in Forex Trading?", or "Is Forex trading currency is the right business for me?", or "How can I win in everytime I take an action on market?". Well, the answers could be a various. You may assume that You are a good enough as a FX trader, or if You are newbie, You might think that You need more learn, study, practice, and dicipline. Whether You are an expert or even a newbie, Forex trading has very deep meaning. In my experience, being a good as a Forex trader, means the ability to control the emotion, feelings, and mind.

When You're running FX market online, You know how it feels once You've taken the position, BUY/SELL, You have many feelings; happy, fear, confidence, optimism, greedy, excited, end more. However whatever the feeling You're feel, it's based on Your decision as a Forex trader online currency. As for me, decision means that You have responsibility for every decisions you have made, whether You'll lose, or You'll win the transaction.

Personally for me, Forex isn't a competition between You and another FX traders. Forex will describes who REALLY YOU ARE, what kind of persone You are; You could be the greedy one, You could be a loser, You even can ba winner. But remember that Forex trading currency it's about something to enjoy, while You earn money from that. Forex is not about how good Your skill to read the technical charts, or to read the fundamental news. It;s more than that, even deeper. Once You've binded the skill with the insting, and feeling good, that's how You win.

Finally, I wanna say that being a good Forex trader it doesn't mean that You'll always win every trancaction You taken, but the REAL trader is the one who could accept when You lose the money not REAL LOSE, but learning and improving, also investing YOU, Yourself from within to be a GREAT Forex trader. :)

Learn Forex Benefits Reviews for Newbie

Forex trading currency is very popular from time to time, especially in the last years. People are entering the market in large numbers every day. You might be ask, Why is it that many people have joined as a traders around the world see the Forex market as an investment opportunity? Why trade Forex instead of stocks, futures, commodities, or options? Well, I'll the you some of the advantages you can get in this post.

Here are just few of  Forex benefits

1. Trade Forex 24 hours a day

Yes, it's running all day 24 hours. Forex market never sleeps. In Forex trading, you do not need to wait the market to open, you can always response to world latest movement and news immediately. The market opens on Sunday at 3:00 pm EST when New Zealand begins operations, and closes on Friday at 5:00 pm EST when San Francisco terminates operations. This is very available for those who want to trade on a part-time basis, because you can choose when you want to trade–morning, noon or night, the time is very flexible.


2. High liquidity in the market

Liquidity is what really makes the Forex market different from other markets. The Forex market is by far the most liquid financial market in the world with more than 3 trillion dollars traded everyday. It is the largest trade market in the world and the liquidity of the market is huge. Traders can easily cash in or cash out their capital in Forex market.


3. High Leverage Margin

In Trading Forex Market offers a greater buying power than many other markets. A small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make an extra profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars.


4. Low minimum investment

Trading forex is easy on your wallet. You do not have to spend a lot of money on the setup. All you need is an internet connection and a PC. The initial investment is also low. The initial investment could go as low as $100 USD, depending on leverage offered by the broker. This is a great advantage since Forex traders are able to keep their risk investment to the lowest level.


5. Trading from Anywhere

Do you love travelling? then you can trade from anywhere in the world just having an internet connection.

What is Traded in The Forex Market?

The answer of course money. The currency is always pairs in traded . For example Eur vs U.S. Dollar (EUR / USD) or Pound vs. Yen (GBP / JPY).

Unlike the stock market, forex trading has no central office. Forex as a market that is "Interbank" or OTC "Over-The-Counter" is a continuous trading period of time following the trade of each country and can be assumed that the foreign exchange market is open for 24 hours, 5 days a week.


What are curiencies are traded ?

If you know, all the currencies can be traded. But there are some certain currencies are very popular who driving all the currencies in the world economy.

Every each currency symbol has always 3 digits, with first 2 digits is the name of the country and the 3rd is the name of its currency.