Some Advantages of FOREX Trading

A small summary:

1. Trade 24/7 - The Foreign Exchange markets don't close during the week!

2. Your not bogged down with hundreds of stock tickers - there are only a handful of good 'liquid' trading 'pairs' - so this ultimately saves time.

3. Leverage - This means you can control a lot of money with only a small outlay, and benefit from large gains by providing a relatively small stake. (Remember though that it works both ways, so you can also lose big as well!)

4. You can trade in rising and falling markets by either buying or selling the currency.

Binary Bets - Again!

I've been getting some better results with my binary bets lately.

You know those screen shots that people make of their binary bet account showing lots of wins in green and conveniently none of the red losses?

They then try to sell you a strategy that shows how you can win lots, usually by making heavy cost bets with small returns, i.e. placing a £10 bet to win £12.

Trouble is, the strategy still involves actual risk assessment by looking at currency charts and seeing if a particular bet is worth it or not.

I've tried out this method and it does seem to work, but you must not get carried away. You must stick to the same risk each time which should be what you are prepared to lose per go (In the above example = £10).

Good luck - Although 'luck' should not be part of your strategy!

My e-book on Amazon Kindle!

Yes – It’s about time! – I’ve finally discovered the wonders of Amazon’s Kindle. After using a friends’ Kindle for a while, I could see that I needed to get up to speed and issue a Kindle version of my e-book.

I like to write in an easy style, so have improved “FOREX – Dos and Don’ts” for any newbies to Foreign Exchange trading.

There’s also a lot of stuff for the more experienced trader as well. It’s in nice easy chunks, so you won’t get bogged down!

Have a look:     FOREX - Dos and Don'ts Book

My First 100 Pip Trade!

There’s a first time for everything, so I thought I would say that I’ve just achieved my first +100 pip sell on GBPUSD this morning.

Just once in a while, these lovely trending trades come up and this time I was ready.

I suppose the moral of the story is to be patient, place lots of trades to learn and have a good exit strategy.

For this one, I checked to see charts on lots of timeframes all showing the same directional move.