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Tag Archives: foreign investments

Steering Clear of the 6 Major Novice Mistakes of Forex Trading

Forex Trading Mistakes

You’re new to forex trading, and you’re not entirely confident in your abilities. That’s fine. You’re not alone. At the same time, you don’t want to be just like most new traders who end the day at a net loss. Here are some of the more common mistakes you can make, and how to avoid them. You Don’t Make Consistent Decisions Of all of the forex trading mistakes, this has got to be the most common. Almost everyone has a problem with consistency when they first start. Everyone figures that the forex market is simple enough. You have a 50/50 chance of profiting. You either win or you lose on every trade. But, there’s more to it than that. Sure, you either win or lose on every trade, but there’s a lot that happens between and during trades that affects your profits. A successful trade involves making disciplined decisions about stop losses, when to take profits and when to ride out the trend. Most new traders don’t have a clue about how to make rules for themselves and how to stick to those rules. So, this is the first step you can take that will keep you out of trouble: ...

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Broaden Your Investing Horizons with Foreign Currency Trading and Emerging Markets

In trying to become a financially independent person, I’ve certainly realized that it requires having diversity in my investments. While I am always trying to keep my Eyes on the Dollar, maybe it’s time I also kept my eyes on the peso, yuan, real, or rupee. I think many investors stick with what is most familiar, the US stock exchange,  when we really need to be broadening our portfolio with international and emerging market stocks or currencies. Luckily, there are several options for those who want to add some international flavor to your investments. Foreign Currency Exchange Foreign currency exchange or Forex trading has become a popular topic in financial blogs. You can take a Forex trading course, then set up an account through a broker and buy or sell foreign currency, depending on whether you think that particular currency is going to rise or fall. Forex is experiencing huge growth in availability in many international markets, including India, Latin America, and the Middle East. Because this market exists in several time zones, it is pretty much accessible 24 hours a day for those who don’t like typical Wall Street hours.

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