October 2019 – Forex PFA

Forex Trading – Definitely Not Worth a Gamble

Posted on October 21, 2019 by blogger

Trading in the forex market takes a lot of work, focus, and concentration. Anyone who trades in the forex market without some form of analysis or a trading plan for that matter, is not really trading. More fittingly, the trader who simply goes in and out of trades without thinking is just gambling. Making money in forex trading is definitely worth more than a gamble. The amount of effort you exert in learning about how to trade and when to trade, and reading the market indicators before you get in and out of trades will be well worth it when you start raking in pips from your trades.

Carefully managing your investment is the wisest move you can make towards a long-term forex trading business. A good forex business is not only about making your pips. What good are your profits if you are not going to be able to keep it or make it grow some more? Longevity in forex trading lies in being able to make pips, keep pips, and repeat the process. Taking care of the pips that you have made and infusing additional investment when great opportunities are seen will make for a profitable forex trading business.

The business of forex is just like any other business. Sound money management practices are necessary to keep you in business. The advantage of trading in the forex market over other businesses is that it allows you to earn more profits at shorter periods. Management of your investments and profits will guarantee that you will be in business for a long time.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit

Forex Education As A Way To Gain Wealth

Posted on October 14, 2019 by blogger

There’s a lot of money being made on foreign currency exchange (forex) markets these days. Using forex education to gain wealth can be a good opportunity for somebody looking for a bit of excitement. It also presents a chance for good income potential. The first thing a person who wants to try his or her hand at this kind of trading should do is seek out organized forex training courses. Many forex brokers offer it to large groups. It can also be gotten through adult education programs or even online.

Foreign currencies are traded in foreign exchange currency markets, called forex. Any bank or large entity seeking to exchange an amount of currency they may be holding can go through these markets to find the particular currency they’re interested in gaining. They get that currency by trading an agreed-upon amount of the currency they’re already holding. It’s rarely a one-to-one swap.

There’s usually a per-transaction profit to be made, and this is where brokers and traders come in. As in any market, there’s an element of risk and it can take a bit of nerve to help make these transactions, but the money can be quite good.

Forex traders of all persuasion find the business personally and professionally exhilarating if things go as planned and expected. For a good trader, annual income can be well above average. Take advantage of all the educational opportunities involved in learning how to work forex markets before diving into them, though.

Many times, forex brokers offer group courses, for a fee – and sometimes for free – to those interested in learning how to trade forex. If this is the way you’d like to gain your forex education, make a careful search of the Internet and check around for the most reputable and conscientious brokers. There can be a great deal of information to assimilate, so if you expect to do well, you should also expect to have to study a bit.

There are also study-at-home courses you can order or download from the internet. In many cases, the best education can be gained from studying in the comfort of your home, away from the distraction and hard-sell you might see in a large group training session conducted by a broker. The best courses always offer some form of one-to-one tutoring or online reference help.

If you don’t have the stomach for a little drama and high-wire dancing, it’s not recommended that you engage in forex trading, at least initially. Make sure your comfort level and acceptance of a bit of risk is well-established before you begin. Good forex education can help you prepare yourself to be a trader in these sorts of markets, so make sure you invest your time wisely. If can pull that off, you’ll be well on your way to possible wealth.

Can we trade efficiently from Forex brokers’ mobile apps

Posted on October 8, 2019 by blogger

New technology always brings newer and different ways of operating tasks we have historically got used to. For instance, in our everyday lives mobile phones are used more widely now than the historical land line. The same applies to Forex brokers. For years people have undertook Forex trading activities on PC based platforms but it seems that in the recent years, the introduction of smart phones has introduced Forex broker apps that enable users to operate their trading in the same manner but on a mobile device.

In terms of functionality, majority of Forex brokers’ apps do work quite well. They do not have a 100% replicated platform that enables traders to operate in the same manner as they would if they were on a computer. Instead, they provide the user with limited and at the same time -major’ functionality such as buying, selling, debit, credit, indicator set-up and so on. With this limited functionality, Forex trading apps may be slightly missing the point.

The reason why Forex trading with Forex brokers is easy on the PC screen is because of the room you have to view multiple charts, the full extent of functionality use and other resources that generally help traders to manage their trading account efficiently. This is not translated with mobile phone applications.

The reality is that mobile phone screens are far too small to use for market analysis. Even if the screen was large, using fingers to plot lines onto specific price areas can be difficult and time consuming. This is simply not something that professional traders can afford to lose. Time is crucial and if they react too late, they simply miss the trade.

A danger of relying on Forex brokers’ apps is loss of signal – something the user has no control of. If you are on the move and you lose signal mid-trade, there is nothing you can do about that. If you had to close the order or move your stop loss; the opportunity to do so is simply gone. Also, if you are on the move it usually means that you do not have much time. If time is not given to solid Forex market analysis then wrong ideas can be generated for a trade. The amount of free time should never be the cause of a failing trade.

Forex broker apps should only be used for one reason – keep a watchful eye on your trades. This is particularly true with long-term traders. If positions are held for a few days or even a few hours, Forex broker apps are a great way to stay in touch with the market rather than be used to enter the market. Exiting the market can perhaps be acceptable but a stop loss should be able to take care of that in any case. So, despite their pretty shell, they do not seem to bring too much benefit.

Forex Trading – A Trading System to Work For You

Posted on October 3, 2019 by blogger

When you decide on what trading system to use, you should take into consideration your own personality and trading style. A trading system with rules that are not completely understandable to you and is not compatible with your timing preference and risk tolerance will not work nearly as much as one that matches you to a tee. While there are a number of forex trading systems out in the market today that could be purchased for a few thousand dollars, the best trading system is one that you develop yourself. The best thing about this is that it is absolutely free.

Whether you choose to purchase a forex trading system or develop one yourself, the kind of system you should actually put into your forex trading plan should be one that you have been able to back-test yourself and one that you have put through demo trading for about a couple of months. Testing the system yourself will break it in for you and get you used to the kind of trading you can do with it.

Your forex trading system should contain all pertinent information you need in implementing your trades. Your timeframes should be included – do you go for swing trading or an intra-day trading? It should also set the parameters for entries and exits for your trades. You should be able to trust your parameters and not doubt them when it comes time to trade. You do not have much time to dilly-dally during trades or else you’ll might miss your chances for maximum gains. Your forex trading system should also contain the currency pairs you are trading and how much you have in your portfolio.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.