The best way to become a successful trader is to honestly evaluate your own performance without allowing emotions to cloud your judgement - all try, some succeed, most fail.
Too often novice traders start trading with large volume, made possible by excessive leverage - it’s no surprise that the majority quit the market within six months. It’s important to understand leverage and how to utilise it correctly.
Retail traders are the David's of the FX world, taking on the Goliath's that are banks and institutions. This article takes a pragmatic view of what retail traders are up against and where they fit in. There are ways that David can beat Goliath; the secret is having a clear strategy that plays to your strengths.
Market tension continues strongly into 2012 as European debt, US fiscal health, Chinese growth and geo-political tensions in the Middle-East lead the market themes
The EUR directed focus last week but it was the high-beta currencies that were the weakest performers overnight after Sunday’s market open
Over the past six weeks USD is higher against the Euro and down against JPY, but it has fallen against the higher yielding commodity currencies
This week’s macro calendar centres more on Europe and China than the US
