Forex trading is always perceived as a place for those with an appetite for risk. Risk is absolutely part of the package but is manageable through appropriate forex trading strategies. Stop loss orders and diversification are two of the most effective ways of tackling the risk a forex trading transaction may be exposed to.
Archive | Forex 101
The term “Forex Market” means the Foreign Exchange Market and it is the worlds’ largest market place. To give you an idea of the sheer size of the Forex Market – it trades in the region of $3 trillion dollars each and every day, and for this reason the forex market attracts Millionaire and Billionaire traders. Any trader can potentially make millions of dollars trading in this market.
Greg Secker interviews Fatima Ghellab and Manuela Robson, two friends that signed up for the Traders University course in July 2007 with no previous trading experience.
Knowledge to Action continues to amaze me with the resources they provide to their Forex students. Not only do we get the Forex Trader Alert emails but we also now get FX Charts emailed to us daily!
If you are looking for another investment option then I recommend you have a look at Forex. When I use their strategies I make money and I know of a few female traders who trained with knowledge to action as well. Take a look at the picture below of the Masters course that I attended last year. Check out that its not all nerdy looking males.
Vertical Financial Solutions is offering Australian and New Zealand residents a free financial review to prepare you for trading! I will be signing up to this and I recommend you do the same. A free review of this nature cannot hurt and even if you have all of this sorted its could to get a second opinion.
Most readers of this blog will know that I attended the ‘Knowledge to Action Ultimate Forex‘ course and the ‘Forex Masters‘ course in 2011. I loved both courses and recommend them to anyone thinking about Forex as a way to generate extra income or replace your current employee income.
Below are the list of books that I will attempt to read over the holidays while taking a break from trading.
The people that create and use these weapons of mass destruction are the ones that cause the rest of humanity to suffer. Can we not try and learn from the mistakes of past depressions?
One thing that the USA trip has confirmed to me is that the global financial economies are so intertwined that contagion is a certainty – France is now looking next to be downgraded – once that happens who is next? Germany? USA?
Someone contacted me via Twitter to ask their thoughts on Knowledge to Action as a business to help educate them for Forex trading. My reply is below.
I built ForexNewsMole.com (read about it here=> Online Forex News tool) so I could keep track of Forex and financial news on one web page and in realtime. Below is a screen shoot of what I am monitoring currently – its the weekend so I have general financial news showing but when I am Forex trading I have it filled up with currency pair news like EUR/USD, Cable and Kiwi.
But what I can tell you about the others is that most of them either don’t have a clue how stuffed the global economy really is or they don’t care or want to know about it.