November 12, 2011

What kinds of Forex Scams should I be aware of?

If you're reading this article, odds are you discovered the forex market in one of two ways:
1) As a financial instrument for investment and speculation -- an alternative to trading in stock (company shares) and futures contracts; or,
2) as a get-rich-quick scheme that you discovered from an infomercial, or colorful sales web page, that promotes massive gains using small initial deposits.

Chances are, if your case is the former (case #1), you understand that forex is a market driven by professional speculators and banks, and that your ability to trade in it is a great opportunity for anyone who is willing to put in the effort to succeed. You might even have a background in economics or business (although this is actually not a prerequisite for becoming a consistently profitable trader.)

Unfortunately, the latter (case #2) is becoming more common in the recent decade. In that case, you're more likely to have learned a lot of misinformation from ruthless marketers. So it's time to spread a little truth about one of the world's largest financial markets.

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March 20, 2011

The Real Way to Trade Price Action and Technical Analysis in Forex

It's a bold title... but it's way overdue in an online Forex trading community that's over-run by scammers and egos who can't tell the difference between a higher high on a 5-minute chart and a higher high from a narcotic.

February 21, 2011

Beginner FAQ: What is a Major Pair?

The term "major pair" in the forex market generally refers to the most heavily traded US Dollar currency pairs.

Beginner FAQ: What is a Currency Cross Pair?

Cross pairs do not involve the US Dollar. For example: GBP/JPY is a cross, GBP/USD and USD/JPY are not.