Let’s face it. We’re not real smart about money and economics. If we were we wouldn’t be here. Ok, maybe I should speak for myself. I’m not real smart about money and economics. I can’t even tell you in my own words based on my own comprehension of the subject what economics is. I can [...]
This week I have spent more time trading in demo mode than in live mode because I have very little money in my live trading account. I find the more money you have in your account the less worried you are when entering into a trade. I suppose that’s not really a profound finding. It’s [...]
I’m down to $102 in my FXCM account. That’s as good as having no money in my account. I don’t plan on entering into any trades today. I did enter a few trades yesterday. All but 1 was a profitable trade but the losing trade wiped out the profits from all the others; and that’s [...]
It wasn’t very long ago that I discovered the world of forex trading. My introduction to forex came about as a result of a web development project. I was hired to build some websites for a client, and the first website built was a forex website. My job was to build the site and fill [...]
I still have a few dollars in my FXCM forex trading account. I won’t tell you how few because I’m embarrassed; but it’s enough to open a few more trades before I run too low to open any trades. It has been an interesting experience thus far; but I am happy to report that I [...]
Since I am trading forex with FXCM and having some concerns about whether or not they are practicing underhanded tactics to wipe out the accounts of new traders who don’t know too much about forex trading and couldn’t prove they are being scammed even if they might suspect the possibility, it concerns me to discover [...]
I wrote earlier about my concerns regarding fxcm stop-hunting. That’s pretty much where I stand with my forex trading adventure at the moment. I continue to lose money but I feel much better about these losses than the losses incurred when I first started. I’m not depressed about these losses mainly because I feel that [...]
I’ve had some feedback from a reader regarding my forex trading adventures. The reader wrote among other things that it is foolish of me to be putting my money into forex trading. He told me that the first time I made the decision to pull my money out of FXCM I should have stuck with [...]
Today was supposed to be my official live forex trading start day; but as you know I was unable to wait and started last week and lost $1000, twice decided to close my account and run far and fast from the world of forex trading, and twice changed my mind about my decision.
FXCM sent me [...]
I have come to the conclusion that the key to succeeding in forex trading is to understand what makes the market move. By that I mean to say it’s important to have a good idea of where each currency stands, not just the currencies on which you are focused but the other major currencies as [...]
