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Editor's Pick by BestForexProducts.com

Tradeonix Pro System Review by Tradeology

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If you have a look around the many Forex websites, forums, discussion groups and social media, it seems like everyone's making stacks of money trading currencies. The thing is, many traders love to talk about their winning trades and make themselves out to be wildly profitable traders, however reality is that only 5% of Forex traders are consistently making money. Yes, even a beginner can make money in Forex trading, but there's a big difference between making money short-term, and earning a steady income long-term. That said, if you can find a trading system that works, you can overcome the biggest challenges any trader faces when trading Forex. You'll be able to gain valuable market experience, and most importantly make money trading currencies. Since there is a great deal of unpredictability involved, guaranteeing anything in this market is next to impossible. This is where Tradeonix Pro comes into play. The formation of Tradeology, an South African web-based servi

Using the Risk/Reward Ratio to Be More Profitable

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An extremely successful way to determine exit points is to look at the risk/reward ratio on a trade. Applying the risk/reward ratio provides a pre-set and well calibrated exit points. If the trade doesn't offer a favorable risk/reward, then the trade should be avoided, which helps to eliminate any low-quality trades from being taken. If the target is reached on a trade, then the position will be closed, and the target priced according to the strategy in place. If the stop loss is reached, then the manageable loss will be accepted, and the trade will be closed before it has the opportunity to become a larger loss. With this, there isn't any confusion regarding what to do, an exit has been planned for the predetermined exit points, regardless of if it is unprofitable or profitable. If the trend is up during a trade, then buying during a pullback is recommended. In some cases, waiting for the price to consolidate for several bars or candlesticks, and then buying when the price e

Tips in Protecting Your Forex Investment

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If you are looking for a great way to earn money and to build up your capital, you can try your luck in forex investing. A forex investment can make you earn big money. Real big money. Of course, to be able to do that, you need to be able to know the ins and outs of the forex market and the tricks behind being successful in it. How should you go about handling and taking care of your forex investments, then? Investing in forex used to be an activity exclusive only to those who are really in the financial circles. Those who have studied forex trading are the only ones who does forex trading investments. Today, though, the forex market has become more like a free for all market since even the average Joe can go ahead and trade as long as he or she has some inkling of what he or she is doing. The power of the internet has enabled people to do so. But trading like this and being successful as a result is only going to last a short time if ever a newbie in the forex trading world does trad

Simple Strategies That The Pros Use In The Forex Market

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Investing in Forex can be an anxious and risky endeavor. This is because of the volatile nature of the market due to the fact that it is the world's most actively traded market and operates 24 hours a day. However, this does not mean it is impossible to reduce that risk and profit from it. This article shares some of the best tips in Forex that can help an investor do just that. Overtrading and trading with emotions on Forex will get you in trouble every time. Don't get too greedy when you're on a winning streak. Don't try to get revenge after losing an important trade. Use strategies based on clear thinking or the result will cost you money. While trading Forex, it is important that you stay humble and patient. If you begin to believe that you have a magical knack for picking out investments, you could end up losing a lot of money. Each investment that you make should be a well thought out investment so that you can minimize loses. Learn about the currency pair you

Comparison: Forex Trading and Stock Trading

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The forex (foreign currency exchange) market is the largest and most liquid financial market in the world. The forex market unlike stock markets is an over-the-counter market with no central exchange and clearing house where orders are matched. Traditionally forex trading has not been popular with retail traders/investors (traders takes shorter term positions than investors) because forex market was only opened to Hedge Funds and was not accessible to retail traders like us. Only in recent years that forex trading is opened to retail traders. Comparatively stock trading has been around for much longer for retail investors. Recent advancement in computer and trading technologies has enabled low commission and easy access to retail traders to trade stock or foreign currency exchange from almost anywhere in the world with internet access. Easy access and low commission has tremendously increased the odds of winning for retail traders, both in stocks and forex. Which of the two is a bett

Thing to Consider When Choosing a Forex Broker

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The first particular step to your successful trading is to choose a Forex broker. There are many questions that must be answered before you are able to decide responsibly. Brokers' revenue and available information will not facilitate this decision. Below you will find information on the basic issues you may encounter when choosing a Forex broker and how to overcome those issues. You cannot move forward without a Forex broker, and choosing the right one is essential and highly important. This is the reason why this topic is one of the most discussed throughout Forex forums. Before you start trading Forex, you need to set up an account with a broker. The broker is essentially a mediator, individual or company that buys and sells orders according to the retailer. Brokers profit either from charging a fee for their services, or (and this is more often) from the spread. Considering the huge number of brokers offering their services online, it's likely you may feel helpless and

Forex Options Market Overview

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The forex options market started as an over-the-counter (OTC) financial vehicle for large banks, financial institutions and large international corporations to hedge against foreign currency exposure. Like the forex spot market, the forex options market is considered an " interbank " market. However, with the plethora of real-time financial data and forex option trading software available to most investors through the internet, today's forex option market now includes an increasingly large number of individuals and corporations who are speculating and/or hedging foreign currency exposure via telephone or online forex trading platforms. Forex option trading has emerged as an alternative investment vehicle for many traders and investors. As an investment tool, forex option trading provides both large and small investors with greater flexibility when determining the appropriate forex trading and hedging strategies to implement. Most forex options trading is conducted via t

Forex Mentor Course - My Full Story

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I began my first Forex trade three years ago, at this time, information sources of trading available were very limited. I could not get the suitable information on online Forex course for free trading to allow me to begin a live Forex trading successfully, all my sources of information and trading strategies were obtained from Forex forums posts. The trial and errors of former Forex traders and their trading strategies, which were evolved to suit their needs and their potential financial capabilities. I had a long time with a Forex demo account for several months, I did not dare to enter into a real live Forex trading, because my capital was very limited, and there were no free online Forex courses which I can get to help me in my trading. But one day I landed on a website which sell a Forex training course package, this website claimed that the its strategy results in a profit rate around 80% in all cases, I read more on this course enough to to be motivated to buy it, especially its

Forex Trading Strategies and the Trader's Fallacy

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The Trader's Fallacy The Trader's Fallacy is one of the most familiar yet treacherous ways a Forex traders can go wrong. This is a huge pitfall when using any manual Forex trading system. Commonly called the "gambler's fallacy" or "Monte Carlo fallacy" from gaming theory and also called the "maturity of chances fallacy". The Trader's Fallacy is a powerful temptation that takes many different forms for the Forex trader. Any experienced gambler or Forex trader will recognize this feeling. It is that absolute conviction that because the roulette table has just had 5 red wins in a row that the next spin is more likely to come up black. The way trader's fallacy really sucks in a trader or gambler is when the trader starts believing that because the "table is ripe" for a black, the trader then also raises his bet to take advantage of the "increased odds" of success. This is a leap into the black hole of "negative e

Four Different Forex Trading Methods - Pros and Cons

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Forex trading right now is the hottest money making opportunity, if you are new to forex trading you might be wondering how to get started trading forex. In this article, I tell you aout the 4 different forex trading methods and the pros and cons. So, let's get started: 1. Forex Signals If you are new to forex trading and don't have much time to learn how to trade forex than you can subscribe to a forex signal service. There are many forex signal services now. You get forex signals via emails as well as sms. With these forex signals, you don't have to watch the market 24/5. Just enter buy or sell as recommended by the service. The trick lies in finding a good forex signal service. How to do that? First test the forex signals on your demo account. Only by testing a signal service on your demo account, you will be able to know how well the signals are. Now, a new development has started. Some of the professional forex traders have started signal service in which they trad

The Secret Of The Profitable 5%

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Introduction Ask any Forex trader how to trade Forex if you're just getting started in Forex and most of them will tell you: Learn how to trade on your own, go through the school of hard knocks and find your way eventually. Heard that before? The sad fact is, 95% of traders don't make money in Forex, so why take advice that will lead you down that same old path filled with frustration and disappointment? The truth is, anyone can learn a repeatable process for making a Forex passive income... and all it takes is 30 minutes of your time. By the end of this article, you will know the secret of the 5% who do make money, and how you can join them. What Stops 95% Of Traders From Making Money In Forex? I can tell you with absolute certainty right now that 95% of Forex traders don't know how to trade Forex profitably. That's right, 95% of everyone that you've ever encountered in a Forex forum, discussion board or chat room is bleeding money from their trading account r