Currency Trading
ISO 4217 in Forex Trading
ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO).
The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes (which are similar to those used for national top-level domains on the internet) and the [...]
Trading Tips No 1: Learn How to Trade The Moment of Truth
So you have learned how to trade the markets by mastering a few trading tools like Moving Averages, Channels, Stochastics, MACD, or RSI – that is a great accomplishment achieved by only a few. However, having the tools and rules to trade markets successfully, year in and year out, is only half of the challenge. [...]
Online Futures Trading – Advantages and Disadvantages
What Is Online Futures Trading?
A futures contract is an agreement to buy or sell a commodity at a date in the future. Everything about a futures contract is standardized except its price. All of the terms under which the commodity or financial instrument is to be transferred are established before active trading begins, so neither [...]
Commodity Trading – Advantages and Disadvantages
What Is Commodity Trading?
Commodity futures markets allow commercial producers and commercial consumers to offset the risk of adverse future price movements in the commodities that they are selling or buying.
In order to work a futures contract must be standardised. They must have a standard size and grade, expire on a certain date and have a [...]
Trading Timeframes
Long Term
Long term traders will work from end of day data and look to hold trades for a few weeks up to many months. Usually trend trading.
Advantages
No need to watch the markets intraday.
Fewer transactions means lower commission costs.
Cost of equipment and data is minimal.
Disadvantages
Large equity swings on single positions with large stops.
Usually only 1 or [...]
How To Control Fear And Greed In Trading
There is an old saying that the market is driven by fear and greed. Anyone that has placed more than a couple of trades will surely have experienced these two emotions.
All traders experience emotion. The distinction between a successful trader and an unsuccessful trader comes down to how they deal with that emotion. [...]
Business and the Forex
The business world is a complex web of supply and demand. Money and goods, physical or otherwise, pass through the global market every single day. To meet this exchange between one country and another, foreign exchange, or forex, was born. The term forex is used to refer to transactions involving the conversion of money of [...]
The Margin Advantages of Trading FOREX.
There is one aspect that is considered as one of the best advantages of FOREX Trading. This is related to the amount of money you need to place a trade, this is known as “margin”, and in short, this is all that can be lost in a the case you had a bad trade.
I state [...]
A Fools Game
I received an email this week with a question (below) which caused me to think about the wisdom of pursuing trading as a career. Regardless of your trading time span, the skills and concerns of active short-term trading are relevant to all market particpipants.
Question: "There are a lot of people who say that day trading [...]
Money Management – The Holy Grail Of Trading
Money management determines how much to risk on each individual trade. This is a vital element of any trading system – risk too much and the chances of going bust are too high, risk too little and the reward for trading is too low.
The main methods for calculating trade size are:
Fixed Fractional
The number of [...]
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