Let me cut to the chase. If you’re newer to Forex trading or have been trading the currency market, but aren’t seeing month-to-month increases, don’t day trade. For most people, including you, the more trades you do, the higher the probability of loss.
Many amateur traders think they need to make lots of trades to profit. Hey, we’ve all done it. Actually, I think it’s the way we all start off. Got to be in the action, right? Unfortunately, this is a path to ruin.
Forex is a decentralized market that’s open 24 hours a day, 5 days per week all around the world. Despite this, it’s not all roses. Action in the market goes in shifts. It’s not always the same. But, I’m getting ahead of myself. Let’s start out by going over the 4 market in the currency trading world.
While there can be a lot of perceived randomness in the currency market, there’s one thing that’s a constant—new Forex traders lose money and most of them fail. It’s just a fact. Regardless of your background (degrees, experience in other markets, etc), you’ve got a high likelihood of failure. I’ve identified three reasons why this is and I want to share them with you, so you can have a higher chance of success.
Forex is the best business I know of today. With economies having trouble, people losing jobs, businesses failing and people having to work more for the same money they used to make, the currency market gives you the golden opportunity of a lifetime. Let me break it down for you.
If you’re looking to keep up-to-date with a few precious metals, Gold Tracker might be an iPad app that works for you. It’s currently $2.99 in the app store and this will be part 4 of 5 of my iPad financial app review series.
I sat down today to write a financial iPad app review about StockPortfolio for this part of my iPad series, but then something happened. I ran into BlackGold. Being an oil enthusiast—guess that’s the right way to put it—BlackGold immediately had my attention.
So, I thought I’d delay the article by a few hours and do a fresh review for this app. As it turns out, the makers of the other app I like, StockWatch, make this one. It has the same feel to it and operates in the same way.
Yesterday, I reviewed MarketScan as part of my financial iPad app review series. Today, I look at an iPad app that I’m using more and more—StockWatch. It’s $5.99 in the app store.
As the first part of my financial ipad app review series, I will take a look at MarketScan. This was actually the first financial app that I bought for my iPad. It is currently $3.99 in the app store, which is slightly lower than some other financial apps.
The revolutionary iPad is changing the way most of us think about computers. It’s a great tool for investors, because of its extreme portability, PDF support and task-solving potential. Even though it’s fairly new, there are already a handful of good financial apps available that are worth looking into if you’re an investor of any calibre.
When currency starts to get weak, people naturally look to gold. In the old days, gold backed the US Dollar. Some people still think this is the case. Sorry, these days currency is backed by expectation of value.
So what is the best way to secure capital in gold for the typical investor? Today, I’ll present you with three of the usual suspects. The last method is one I recommend back in 2007. Had you invested at that time, your investment would have grown by over 100%.
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My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.
Jason