Forex Knowledge — 5 Things to Consider Before Trading

4efaeba3-6436-4953-be70-6ea277363f79In certain aspects Forex has been around us, since there was no electricity in caves. Long ago people always traded currency they had: whether it was food, animals or some shiny minerals. With the creation of modern money (coins and then paper) different nations traded one currency for another. In modern times currencies are widely traded by the world’s major financial organizations. The birth of a retail market in mid 1970s allowed non-commercial players to trade Forex. However, the most crucial change to the industry came in 1996 when Forex trading was put online. Continue reading

Forex Knowledge — 5 Things to Consider Before Trading

4efaeba3-6436-4953-be70-6ea277363f79In certain aspects Forex has been around us, since there was no electricity in caves. Long ago people always traded currency they had: whether it was food, animals or some shiny minerals. With the creation of modern money (coins and then paper) different nations traded one currency for another. In modern times currencies are widely traded by the world’s major financial organizations. The birth of a retail market in mid 1970s allowed non-commercial players to trade Forex. However, the most crucial change to the industry came in 1996 when Forex trading was put online. Continue reading

Forex and Stock Markets

01Forex market and stock market (stock and securities market) are two independent markets with no relation to each other. They differ in trade instruments: currencies are traded on Forex market, and shares, on a stock market. Stock markets are often located at the stock exchanges. The largest stock exchanges are situated in New York, London and Tokyo. Another difference between Forex and stock market is the amount of money Continue reading

Forex and Stock Markets

01Forex market and stock market (stock and securities market) are two independent markets with no relation to each other. They differ in trade instruments: currencies are traded on Forex market, and shares, on a stock market. Stock markets are often located at the stock exchanges. The largest stock exchanges are situated in New York, London and Tokyo. Another difference between Forex and stock market is the amount of money Continue reading

Trading Psychology

12_6_origTrading is an activity that demands analytical and inference skills. It requires patience from the one hand and quick response with risk readiness from the other. Trading is an activity for those who understand psychology. These factors will largely determine whether you succeed or loose on Forex. Even if you switch to system trading, you will not avoid the emotional stress when making trading decisions. Forex traders are often inclined to believe that the less emotion, the better trade – i.e. emotions prevent a correct decision. But the sense of anxiety, fear of losing money, hope and belief in luck, regret, joy, frustration, and joy again – all these feelings inevitably associated with trading. Continue reading

Trading Psychology

12_6_origTrading is an activity that demands analytical and inference skills. It requires patience from the one hand and quick response with risk readiness from the other. Trading is an activity for those who understand psychology. These factors will largely determine whether you succeed or loose on Forex. Even if you switch to system trading, you will not avoid the emotional stress when making trading decisions. Forex traders are often inclined to believe that the less emotion, the better trade – i.e. emotions prevent a correct decision. But the sense of anxiety, fear of losing money, hope and belief in luck, regret, joy, frustration, and joy again – all these feelings inevitably associated with trading. Continue reading

Old man walking to the Stage

old-man1Old man walking to the Stage

I was attending a Motivation Seminar conducted by a well-known Insurance Company. There was one part where they called upon a veteran who has already retired to give a testimonial. He was sitting in the audience somewhere in the back. After his name was called, he stood up amidst the applause, made his way to the front. The auditorium was slanted forward and so there were steps along the side where he walked. Somewhere near the front seats, he toppled and felled. There was a huge commotion of shock from the audience but when they saw him get up and carried on walking, there was a smaller commotion of relief. Continue reading

Old man walking to the Stage

old-man1Old man walking to the Stage

I was attending a Motivation Seminar conducted by a well-known Insurance Company. There was one part where they called upon a veteran who has already retired to give a testimonial. He was sitting in the audience somewhere in the back. After his name was called, he stood up amidst the applause, made his way to the front. The auditorium was slanted forward and so there were steps along the side where he walked. Somewhere near the front seats, he toppled and felled. There was a huge commotion of shock from the audience but when they saw him get up and carried on walking, there was a smaller commotion of relief. Continue reading