What Forex Trading Software, Hardware, And Other Tools Will You Use?

What “toys” will you use for your forex trading profession? Write down the hardware, software, data feeds, furniture, and internet access that will comprise your currency “trading desk.” Don’t forget backups! Make sure you have a backup plan for everything just in case your main tools fail while you’re in a trade. What if your […]

Which Kind Of Returns Do You Expect To Make From Forex Trading?

I want to make some money! Ahhh. Of course, anybody who’s interested in forex trading certainly has ambitions of raking in some dough. Trading involves risk, and we expect to be compensated for those risks. There’s no doubt that every currency trader expects to make a profit. The questions that you should ask yourself though are this: […]

How Much Time Can You Dedicate To Forex Trading?

You need to seriously consider how much trading will affect your current lifestyle. How much time each day/week/month (whichever is most appropriate) can you dedicate to the various requirements of forex trading and managing a trading system? Your time availability should determine your trading style. The shorter the timeframe you are trading, the more time […]

What Is Your Risk Capital? How Much Money Can You Afford To Lose?

How are your personal finances? You need to determine if you can even afford to trade. Forex trading should only be done with risk capital. Risk capital is money that, if lost completely, would not have an overly harmful impact on you financially. Risk capital is money that you can lose.   This is the kind of money that […]