Archive for the ‘currency-trading’ Category
Currency Movements Punish Deficit Nations
Currency movements are an accepted risk when making international payments and can have a real and significant impact on profitability and cash flow for businesses involved in international trade. Over time movements in a nations currency will largely reflect how well or how poorly as nation is managing its international trading accounts.
A nation that is importing considerably more than it is exporting will tend to have a weak currency. One needs to look no further than the current trend of the US Dollar to see how this principal works in the real world.
Currency risks for companies involved in international trade necessitate pro-active management, which in turn requires a certain level of expertise. Currency movements are Read the rest of this entry »
No CommentsForex Trading Success – Why Being to Clever Will See You Fail
Forex trading success is not based around being clever, or even working hard, it’s based around being humble and working smart. Traders who think just because there clever they deserve to win, need to think again.
Keep it Simple!
Clever people tend to like to show how clever they are and construct clever, complicated forex trading strategies which don’t work in reality, because they are not robust and break. A trader with a simple trading system, has a tool which is more robust, with fewer elements to break.
Simple forex trading strategies work best and always have.
You Need to Look Stupid
This is a fact of life in forex trading. You can think Read the rest of this entry »
No CommentsForex Trading Systems – Using Computers for Profit
Today the computer you have on your desk is much more powerful than Mission Control Houston that helped man land on the moon. Powerful computers have changed our lives for the better and here we will look at their affect in forex trading and the application of forex trading systems by traders for profit.
So how useful are computers in forex trading?
The role of computers is very often misunderstood by forex traders.
Computers have enhanced our lives in many areas and help us solve complicated problems there is the belief forex trading systems can be created to trade forex markets automatically.
There are a number of forex trading systems for sale Read the rest of this entry »
No CommentsRichard Donchian – Learn From a Trading Legend
Richard Donchian was born in Hartford, Connecticut in September 1905 was born over 100 years ago and although the vast majority of traders have never heard of him yet, he is one of the most influential traders of all time and the father of technical trend following.
Many modern trend following systems, such as the Turtle Trading system, are based on his work and legendary trader Richard Dennis was a huge fan and Ed Seykota used him as an inspiration.
Richard Donchian didn’t begin trading his successful trend following system until the age of 65. He started making large returns after that and continued to trade until into his 90s – showing your never Read the rest of this entry »
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