Welcome to Trading Guide
Forex Trading Strategy Article
This is a selection made from among articles on Forex Trading Strategy. For a permanent link to this article, or to bookmark it for future reading, click here.
The Basic Principles Of Mini Forex Trading
from:
Foreign exchange trading is one of the most novel ways to earn money via online means. And because of the convenience that is afforded by the Internet and because there are more than 60 currencies existing all over the world, it is also considered one of the easiest profit-making machines.
Forex trading used to involve only large corporations and banks because of the magnitude of the trades. However, since the coming of the Internet, forex trading has become accessible even for the average individual interested in dabbling in currencies.
To date, the forex market is considered the largest in the world, with a turnover of approximately $1.5 trillion a day. In addition, forex trading also operates 24 hours a day, unlike regular day trading sessions that last for only eight hours, giving forex traders an opportunity to buy and sell at any time they want.
There are two kinds of forex accounts: the regular forex account and the mini forex account. For this article, we will focus on the mini forex account.
Mini forex trading
Small investors can get a good headstart in the forex trading market by first entering mini forex trading. Mini forex accounts are typically opened and accessed by traders who are relatively novices to the market and do not have enough resources to engage in a regular account.
Mini forex trading allows the trader to deposit only $100 to be able to control a currency position worth $10,000. With regular trade, currency positions should be at least $100,000. Mini forex trading, therefore, is one-tenth of the size of the regular forex trading account. It is a great way for small traders to get a feel of the industry and practice without having to shell out so much.
Traders that do not have much funds and want to trade with only less than $10,000 are best advised to go with a mini forex trading account. Not only will this strategy allow them greater flexibility in applying various strategies, but it also gives them a longer staying power in the forex market without the risk of over-leveraging.
You might think its impossible to trade 10,000 worth of currency with just a meager deposit, but it is possible with mini forex trading. This is because you will have what is called 'leverage'.
Leverage enables you to trade more of a particular commodity than what your account holds and affords you the opportunity to reap great returns. Too much leveraging is risky, though, so be careful not to get too excited.
The benefits of the mini forex account are not really that different from the regular forex account. You will still be able to enjoy access to small spreads, a free trading platform, etc.
But, as said earlier, perhaps the greatest advantage to opening a mini forex account is that you don't have to spend so much to be able to see gains. You risk less money, but your earnings opportunities are still attractive.
Forex Trading Strategy News
Ten Pennies Per Year - FXstreet.com
Ten Pennies Per Year FXstreet.com by Boris Schlossberg - BKForexAdvisors | View company's profile My friend Rob Booker who runs a great new website call Trade for Life recently posted an interesting video lesson in which he makes the following point. If you decide to play the violin ... |
Top 5 Forex Spread Betting Tips for New Traders - MarketWatch (press release)
Top 5 Forex Spread Betting Tips for New Traders MarketWatch (press release) This is why more experienced traders tend to cut their losses quickly and run their profits to a level they expect the market to reach and they use their trading strategy and trading plans to help enforce these rules. Because your forex trades will ... |
Forex - Psychology/Strategy for major markets today - FXMarketAlerts.com
 Bloomberg | Forex - Psychology/Strategy for major markets today FXMarketAlerts.com *T.BOND - Supply sails through without much of a problem but the market remains weighed by the 'proximity' of a Greek deal. This is just a sample report that would be received as part of our Strategy package (see below). FOREX-Euro hits 2-mo high vs dollar as Greece deal allays fear Euro drops away from two-month peak Waiting On The BoE And ECB |
Forex Impact Reveals Gap Trading Strategy That Has Been Proven To Be Right ... - San Francisco Chronicle (press release)
Forex Impact Reveals Gap Trading Strategy That Has Been Proven To Be Right ... San Francisco Chronicle (press release) Forex Impact has been researching, and testing a gap trading strategy for the past 9 years, that has been proven to be 89.1% accurate. This means, 9 out of every 10 trades are profitable. This method of Forex trading is known as "Gap Trading", ... |
IndependentInvestor Launches New Forex Trading Section - SBWire (press release)
IndependentInvestor Launches New Forex Trading Section SBWire (press release) The new tutorial, which expands beyond basic know-how into complex strategy and trading techniques, is aimed at helping traders supplement their knowledge or build up a more rounded picture of forex trading before hitting the markets for the first time ... |
UBS FX Daily Strategy - FXstreet.com
UBS FX Daily Strategy FXstreet.com USDJPY BULLISH Clearance of 77.42 has put focus on 77.75; a break here would open 78.29, the Nov. 29 key high. Initial support is at 77.02. GBPUSD BULLISH Resistance is at 1.5886, a move above which would open 1.5947. Support lies at 1.5730. |
Are you missing out on forex trading? - Globe and Mail
 Globe and Mail | Are you missing out on forex trading? Globe and Mail All trades are settled in US dollars. To trade currencies, you must open an account at a firm that trades currency futures on an exchange or forex over the counter. You must keep enough money on deposit (collateral) to meet the margin requirements for ... |
Forex - Psychology/Strategy for major markets today - FXMarketAlerts.com
 DailyForex.com | Forex - Psychology/Strategy for major markets today FXMarketAlerts.com Thursday the big day for GBP traders with busy data schedule and the BoE policy decision due. *DJIA and S&P - Bumpy ride as market waits out Greek news, but bulls are not allowing for much slack to form. *T.BOND - Long end supply setup and fears that a ... Feeling The Squeeze Forex - EUR/USD dips on fresh Greek jitters Market Outlook for February 7, 2012 |