The experts are undecided on how far oil prices will rise. Not that long ago people thought $40 a barrel was the upper limit. This year of course prices have risen to over $70 although they fallen back again recently. Some people are now predicting it won’t be that long before prices reach over $100 […]
Why does the price of oil affect you when you are dealing on the forex ?
Well a lot of the most important currency trading pairs rise and fall in line with the price of oil. As we all know oil is one of the most important comodities in the world and the price of oil […]
If you are using a mechanical system for your forex trading it will remove your emotions out of your trading system. Emotions are one of the main reasons people fail when forex trading. A mechanical system isn’t influenced by good or bad news and it doesn’t hold onto a bad trade hoping it will turn […]
When you are starting to trade on the Forex its NOT a good idea to just go with your instincts, what is sometimes called your “gut feeling”. Unless you are an experienced trader or can avoid bringing your emotions into play its probably the quickest way to lose money.
Normally the way to make profits when […]
It is a very good idea and many people try out a forex demo account before they try out the real thing. By using a demo account you get an idea how the whole forex trading system works and it is excellent training.
You can make buy and sell decisions the same as you would in […]