Must read FREE trading magazines

On December 5, 2007, In Education, Fundamentals, Futures, Trading, By admin

Today I am going to share with you two magazines that offer a wealth of articles and are delivered to you via email free every month. I have been a subscriber to these magazines since late 2005 and they have proved to be interesting reading.

The first of the magazines is Currency Trader. The Currency Trader magazine is delivered monthly after you subscribe (By providing your email address). The areas currency trader covers include:

CurrencyTrader

  • Analysis and news
  • Trading strategies
  • Systems and more

Articles in November 2007 currency trader include:

  • Japan: Politics, carry trades and the yen
  • Japanese Inflation and the yen
  • Trading FX pattern breakouts
  • Triennial BIS Forex survey

One of the extremely helpful features of the Currency Trader magazine is the global economic calendar and the trading events and conference section usually located at the rear of the magazine. (more…)

Popularity: 25% [?]

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The Big Three in Forex: Leverage, Margin and Equity

On September 19, 2007, In FOREX, Fundamentals, By admin

Leverage, Equity and Margin are three concepts which the understanding of is crucial. Leverage is one of the factors that makes Forex trading so attractive and also makes trading of Forex fraught with danger. In most other financial markets you cannot lose more then your initial deposit, however in Forex dependent on your broker you can lose much more then your initial deposit. The Forex market is often referred to as the “Wild West” of the finance industry as there are little regulations and so many rouge operators.

Leverage
Leverage can be defined in many different ways however we are only interested in the financial definition of leverage. In simple terms leverage in the Forex market allows you to buy a standard lot without requiring you to have $100, 000 of the base currency. You are only required to have a predefined percentage of the full amount in your trading account. The most eloquent definition I have come across is that by the National Futures Association: (more…)

Popularity: 17% [?]

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The Best Trading Times in the 24 hour Forex Market

On September 11, 2007, In FOREX, Fundamentals, By admin

In the Forex market as with other markets there are things that you can control and things that you cannnot. The Forex market provides the opportunity to choose what currency you wish to trade in. It enables you to choose

  • to buy or sell a given currency
  • the amount or volume of a given currency you wish to trade
  • to make a decision when to trade.

These are all key variables that you have control of and need to be considered before trading.

Today we will look at when you can actually trade in the Forex market as it is very different to futures and equity markets. The Forex market is an open 24 hours a day 5.5 days of the week. However as I live in Australia there is no real volume on Saturdays and there are no open markets on Sundays. The reason the Forex market is a 24 hour market is that as soon as trading ceases in one geographical location it has generally already begun in another. Therefore if markets in your region are closed usually you can trade somewhere else.

The Forex market opens in New Zealand followed shortly after by Australia then Asia, Europe and America. It is very important to be aware of the times major trading countries are open. Thankfully there is an excellent tool I use and highly recommend, It is called ZoneTick. This program allows you to have multiple clocks in the taskbar or any other area on the screen for that matter. (more…)

Popularity: 25% [?]

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