Featured

How does cryptocurrency gain value?

Cryptocurrencies are the latest “big thing” in the digital world and are now recognized as part of the monetary system. In fact, enthusiasts have labeled it a “money revolution.”
bitcoin price
Clearly, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, with most of them being created through special computing techniques called ‘mining’.

The adoption of currencies such as the US dollar, the British pound and the euro as legal tender is because they are issued by a central bank; however, digital currencies, such as cryptocurrencies, do not rely on the public’s trust and confidence in the issuer. As such, several factors determine its value.

Factors that determine the value of cryptocurrencies

Free Market Economy Principles (basic supply and demand)

Supply and demand is a major factor determining the value of everything valuable, including cryptocurrencies. This is because if more people are willing to buy cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will increase and vice versa.

Mass adoption

The mass adoption of any cryptocurrency can kick its price up to the moon. This is due to many cryptocurrencies whose supply is limited to a certain limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to higher prices for that particular commodity.

Many cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing privacy issues as well as resolving everyday cases with the intention of making them irreplaceable in everyday life.

Fiat inflation

If a fiat currency, such as USD or GBP, inflates, its price rises and its purchasing power declines. This will lead to an increase in cryptocurrencies (let’s use bitcoin as an example) with respect to this fiat. The result is that with every bitcoin you will be able to acquire more of this fiat. In fact, this situation was one of the main reasons for the rise in bitcoin prices.

Fraud and cyber attack history

Fraud and hacking are also major factors affecting the value of cryptocurrencies, as they are known to cause wild changes in valuations. In some cases, the cryptocurrency support team may be fraudsters; they will pump up the price of cryptocurrency to attract unsuspecting individuals, and when they invest their hard-earned money, the price is shortened by scammers who then disappear without a trace.

Therefore, it is imperative that you watch out for cryptocurrency fraud before investing your money.

Some other factors to consider that affect the value of cryptocurrencies include:

  • How cryptocurrency is stored, as well as its usefulness, security, ease of acquisition and cross-border acceptability
  • The strength of the cryptocurrency-backed community (this includes funding, innovation and the loyalty of its members)
  • Low related risks of cryptocurrency as perceived by investors and consumers
  • New moods
  • Market liquidity and cryptocurrency volatility
  • State regulations (this includes banning cryptocurrency and ICO in China and accepting it as legal tender in Japan)
Featured

Most days of the week to buy tickets

What are the best days of the week to buy tickets?

Everybody pays attention to the cheapest offer, especially with the increase in airfare. This is largely due to the timing and key of which days you can plant a cheap deal on airline tickets.
Trivago flights
Avoid booking tickets on weekends. On the contrary, that’s when most people deem it necessary to purchase tickets, as they are busy on weekdays.
airline tickets
So the question here; if convenient to buy a ticket? According to tourism experts, the purchase of tickets on Tuesday and Wednesday could bring you a lot.
vacation packages
Prices tend to fluctuate constantly, that can bring a lot of frustration to customers. However, if you are looking for a better offer, buy a ticket on Tuesday. Sales at discount places start on Monday evening, and competitors match the low prices on Tuesday morning. They are due to expire before the end of the week (in most cases, Thursday or Friday).
cheap airline tickets
Here is an example; The return journey can cost $ 209 on Tuesday or Wednesday, and up to four days – up to 301 dollars, then drop to $ 219 on the following Tuesday, and by Friday the same week to jump to 307 dollars! Tuesday again airfare may be reduced to $ 229.
trivago flight
Airlines are raising prices for travel on Thursday night – usually $ 5 or $ 10 to find out how much their competitors will match their prices. If competitors do not meet this value, they are reduced to the original price on Monday morning.
trivago flights
Here are a few tips that you need to follow if you want to buy a ticket;

  • Arrange your day trip in the fall on Tuesday, Wednesday or Saturday. If you are traveling these days, prices are likely to be below the dates, Friday and Sunday. You get a big discount on the day does not reach the peak.
  • Order tickets in advance. You can find cheap if book your flight 14 days before the date of travel. You need to act quickly, because the prices change frequently, you can catch fish and get a better deal, but when you come back to buy it, the deal is gone!

Most businessmen are buying tickets from 9 am to 17 pm Monday through Friday. Of course, airlines make deals when business is currently active. Studies have shown that by purchasing a ticket for Tuesday Tuesday at 15:00, you can get a very good deal.

The markets have shown that in the middle of the week the airline offering the lowest prices, as indicated by a rise in prices over the weekend. Best day of the week to buy ticket, so would be on Tuesday for the study.

Tips for Online Currency Trading

A trusted and impersonal forum that facilitates the Internet in no way stands in the way of foreign currency trading. Online Forex trading involves currency trading, which facilitates and transacts through fanatical Internet connections during the foreseen hours of Forex marketing.

So, let's first look at what Forex trading is all about.

In general, forex trading absorbs the purchase and sale of foreign currencies. This term is derived from an exchange – & # 39; ex & # 39; and foreign – & # 39; for & # 39;. This is similar to stock trading, here the foreign currencies take responsibility for the shares of the currency institutions based on which country they trade. With respect to Forex trading, equity investments follow the needs of time, economy and value. However, currency exchange exists from the mere possibility of buying a low currency and subsequently selling it in a high currency. For online commerce, one must also be aware of other exchange rates. Because online forex requires investors to look at the trajectory of couples through online marketing strategies.

Next, let's continue to look at the functional aspects of online Forex trading.

The currency trading software available to online merchants allows for profitable arbitrage and financial management. In fact, the Forex market is a kind of internet trading designed to replace other money markets in order to allow traders to operate their Forex according to the foreseen market standards.

There are several ways to do Forex trading, but the most effective of these is the automatic Forex trading system. This type of system uses special software that captures exchange rates and trade. They are mainly used to monitor exchange rates. They can also trade for you. In fact, this tool remains active 24 * 7, which works when news breaks without waiting for more markets to open. Thus, it is important to study before purchasing a Forex tool that has been tested recognizing the change in speed in the global system.

Let us now continue to look at the benefits of online currency trading.

-These are designed to generate money-making ideas, enabling you to invest without being restricted to any business area.
-They are also easy and fun.
-Let you work at home with a computer from anywhere in the world.

So what are the basic steps you need to follow to get started?

– Open an account with a researched or recommended broker using online surveys.
-Payment of registration fee.
-Then invest after considering the amount you will want to start with.
– Finally, a cash bag!

Few tips to make money from Forex trading are:

-Buy when the currency rate has dropped significantly. As you explore changing the higher side, just sell to make a profit. You can take advantage of an online backup for this.
-Learn the most from the training provided by marketing services to achieve the desired success.
-View Forex sites online to start learning with minimal investment from your home office only. However, before you begin, you must go through the general terms and conditions, especially with regard to risk, warning and disclaimer, to avoid home scams.

Other forex currencies

Here are some Forex currency expressions:

  • Currency trading is for self-government. If you can manage your own actions, you can trade currency successfully.
  • The truth is that most people do not have the self-control to be a currency trader. It is a learned skill that comes after a lot of trial and error.
  • There is nothing destructive about error – the mistake lies in "staying" wrong.
  • The difference between winners and losers is perseverance
  • 95% of traders lose because they go to forums and learn how to lose.
  • Never hope for trading, just manage the doubt.
  • One does not trust their trades because there are no valid reasons for the success of their trades in the long run.
  • Have the courage and intelligence to admit when you lose.
  • Traders who most likely fail are those who enter the market unprepared – emotionally, psychologically and technically.
  • Two entities rule the market, fear and greed. They pass the scepter of control back and forth every day and that is how we make money.
  • You can't win without an edge, if you don't know what your edge is, you don't have one. To have an edge, you have to have a method.
  • Winners plan, losers just hope.
  • Reading and evaluating all the financial news will not help you. The market can pick up on bad news and come down to good news. Then where are you?
  • A good trader must have three things: a chronic inability to accept things at face value, to feel constantly unstable, and to be humble.
  • If you trade according to your plan, there are no "extra points" to be had.
  • I was convinced that whatever was wrong was wrong with me, not the market.
  • Do not ask the market what it cannot give you, and be prepared to take what it is prepared to share with you.
  • Trading is a losing game. The one who loses best wins.
  • Good traders know how to make money, but great traders know how to take a loss.
  • Trade what you see, not what you think.
  • Trade well and be good. Take responsibility for your transactions. That's your money.

Four Tips for Effective Forex Trading in an Unpredictable Market

It is well known that in order to trade effectively in the foreign exchange market, one must follow current trends. But sometimes market trends become very volatile. And when that happens, forex traders, especially newcomers, will become very frustrated and confused. Therefore, it is necessary for every trader to be aware of different trading strategies, especially when the market becomes unpredictable.

So here are some useful tips for effective currency trading in an unpredictable market. You can certainly apply these tips while using a demo account. Ultimately, using a demo account will allow you to practice Forex trading and prepare you for the real thing.

1. Check your economic calendar. You need to be sure that current market movements are not just based on temporary news. Because, if the economy is really low, it is better to avoid the currency market until everything returns to normal.

2. Check the rotation points as well as the resistance and support levels. In a volatile market you will notice that the lines of resistance and support are parallel. So you can expect the market to turn around as the resistance and support lines approach. You can also use a stochastic oscillator to help you identify good trading signals.

3. Use another indicator to check your conclusions. If resistance and support lines are touched, there is likely to be a break. And if that is the case, you will not be able to assume that the price will turn once again. So you may just want to place your orders outside the stretch of the resistance and the support lines to catch any breaks. However, you need to use another indicator to verify your conclusions.

4. Check your currency trading strategy. It always happens that two pairs of foreign currencies become contradictory. For example, USD / CHF and EUR / USD are two conflicting pairs. One of them will surely rise and the other will certainly fall. So you need to plan which currencies you will trade.

Forex Technical Analysis – Beginner's Aid

If you are a new forex trader, forex technical analysis may sound like rocket science. You may even mistake it for fundamental analysis. Although both will require critical thinking, they are obviously at the opposite end of the other in terms of subjective-objective spectrum. Understanding how Forex works and how both types of analysis can be done will help you achieve greater success in foreign currency trading.

What is Forex?

As with any investment, you need to know what kind of commodity or security you are dealing with. In this case, you are dealing with a foreign currency that you can buy or sell to make a profit based on their variable values. The truth is that foreign exchange trading can be very risky. This is because they can dramatically change their values ​​in a short period of time. But if you're smart enough to analyze trends, you can make a big profit out of it.

Fundamental currency analysis

As the risk is high when dealing with currency, it is important to have some forecasting technique. In this case, various forms of analysis can help you predict how the currency will move. Fundamental analysis, for example, uses politics, economics, and sudden events, after which these factors combine to make up the overall situation. The trader looks at the general situation and makes an estimate of how that situation will affect the currency. For example, when a nation loses its leader, that nation's currency may suddenly decline in value.

Currency technical analysis

Technical Forex analysis does not deal with situations, but with raw, non-emotional data. Instead of reading the news, the trader looks at the recent history of foreign currency values. The merchant can even watch for months & # 39; currency value if he or she wants to see the bigger picture. He or she will then draw data diagrams to facilitate reading of progress or trend. By using indicators such as moving averages and Bollinger Bands, the trader will distinguish a pattern or trend. He or she may also recognize when the currency is experiencing a deadlock. A deadlock or a traffic jam means that the currency is locked in a small range of values. This may mean that the currency is low risk or it may not be profitable by trading at that value.

The benefits of Forex technical analysis

For some pros, forex technical analysis may be self-sufficient when making forecasts and following trends. With Forex technical analysis you don't need to become an economist or political analyst, you just have to be a Forex trader who can compile and read charts. Through the graphs you can now find out what is likely to happen tomorrow or next week. However, you must be aware that even forex technical analysis can be wrong. But at the very least, it can provide you with a better base when dealing with high-risk security, such as a currency that is better than bothering with your next trading move.

The biggest emotions – fear and greed

It's been a few months since we last wrote something. During this time, I watched the Markets move and do all the things we expected them to do. We watched with anticipation how the Market would answer the question of fiscal scales in the US and others. We watched the news portray different events around the world; both good and bad. I also had the opportunity to witness some beginner forex traders trying to make sense of everything. There is one thing I have seen time and time again. Typically, beginners trade with their heart, not their head.

The key word in this lesson is Emotions. Forex trading will always be full of them, the movements of the Forex market, many times, are based on them. Obviously, some marketers are driven by emotions from their rush to buy or sell and how sometimes their plans overflow. A common question I hear on the market is "Why did I ever do this or did I do it?"

I have often wondered what causes us to go on the market when we are not fully prepared and come up with prices that do not fully agree with our plans. I cannot say that I know every reason why many of us (and all beginners) do this, but I would like to suggest that there are two main reasons. These two reasons are greed and fear.

Greed comes when the market goes as we expected then, quite naturally, we want more! Somehow we get the idea that it will last a very long time. Perhaps the laws of physics have not quite sank it – "what's up …" In some ways, we seem to have forgotten that eventually everything is changing.

One thing to remember is that in order to have a successful trade you need good strategy and discipline to execute that strategy. As good as it may be, trading is completely useless without properly disciplined strategy.

Fear comes when we realize that there is profit and we actually miss it. The other time when Fear plays a role is when we believe that by the way trade can go, we begin to fear losing money. I have learned that until we learn to rule over fear and greed, our results will be very volatile. The worst part is that my biggest concern for new marketers is if money management is not strong, many emotional traders will soon run out of money – long before they even have a chance to establish themselves as legitimate traders.

So my advice to you as a beginner or advanced trader is simple; don't let your emotions manage. There is no room in the forex trading halls for people who cannot dominate their emotions – especially fear and greed.

Automated Forex Tading – How To Make Money With An Automatic Pilot

There are several forex experts who offer their personal trading tools to the public. These tools will allow you to start trading in the foreign exchange market and will put you in a position to make a lot of money. If you do not have a trading instrument, then you are almost certain that you are losing a lot of money when trading in the foreign exchange market.

Here are some topics you should be familiar with in order to start trading in the foreign exchange market:

1. Find a Trend ID – There are several different types of indicators that can be used to find trends. The goal is to find one that you can easily understand and use.

2. Understand the risk of each trade – Before you can trade and trade, you must be able to calculate your risk / profit for each position. This will allow you to determine if your trade is worth it to you.

3. Find Your Entry and Exit Positions – If you try to rely solely on instinct, you will break and enter the forex market very quickly. You need to target specific forex signals that will tell you the best way to enter or exit the market.

4. Trading Time Period – You need to determine what type of forex trader you are trying to be. There are several ways to look for foreign exchange trading. You can trade every day, every week, or download the approach and trade every month. Find out how much you want to participate and stick to it.

5. Analyze and identify good trends – Before jumping into the forex market it is vital to choose a good indicator that will show you a promising trend. Find an indicator that you are comfortable with and use it to spot trends.

The good news is that there are automated currency trading systems that can significantly reduce your risk and help you learn the ropes. These systems are created by professionals in the foreign exchange market who will make assumptions from it.

Who are the creators of the Forex market?

Have you ever thought about how you can buy or sell forex pairs at any given time? Forex is a market that trades non stop for 5 business days a week. Although it is a global event, the likelihood of finding a trader willing to make the currency pair of our choice at any given moment is very low. And yet, every single currency trade ends in seconds. This is due to the functioning of foreign exchange market producers.

Market Marketing is an intermediary whose job is to create a virtual marketplace for the merchant. As soon as we place a buy / sell order, the market maker makes the trade, regardless of his own loss or profit. On the forex, the list of market producers includes investment banks, central banks, commercial banks and large intermediary companies. These institutions are always ready with a fixed offer and a request price. The market maker offers services in both rising and falling market scenarios.

How does a marker make a profit?

There is nothing like a free service in the world. Marketing vendors need to get something from the facilities they provide. They make money through:

  1. Buying securities at a price lower than its selling price.
  2. Sale of securities at a higher price than the purchase price.

In this way, in short, we can say that market makers make money by taking advantage of the difference between supply and bid prices. The spread of this offer / offer depends on the market's liquidity and the size of the transaction.

Why Do We Need Forex Market Producers?

Forex marketers ensure that the trading floor is always functional. They are constantly updating their bid / bid spread (twice a minute) in line with market updates. This helps on two fronts. First, the trader gets an accurate picture of the decision-making market. Secondly, it guarantees market liquidity and currency pair efficiency. It is this form of marketing solution that has provided the 24-hour forex trading system.

With the advent of currency market makers, players such as large multinationals and registered money brokers began to lock horns with the likes of major investment banks in the area of ​​currency trading. Some of the most famous producers in the forex markets are CMS Forex, Forex Capital Markets and Profit. All are regulated and managed by the US Commodity Futures Trading Commission.

Commodity markets and in which direction they are headed

Commodities are commodities extracted from Earth. There are many commodities that are traded in the open markets and through Forex brokers, as well as brokers. There are many examples of commodity products that are; crude oil, coffee, metals, agriculture, wheat, soy, corn, honey and cotton. Usually the goods meet the following criteria; they are tradable, shipped and liquid. The most traded goods are metals, crude oil and coffee. Commodity prices may change as the penny drops. According to several commodity analysts, specific commodity products are thought to be due for correction.

In addition to crude oil and coffee, one of the most traded goods in the world is metals. This group of goods consists of items such as; gold, silver, platinum and copper. Metals are used in all sectors of construction, machinery manufacturing and consumer goods. In addition, many metals are found as components of jewelry. Metal goods are traded on exchanges such as the London Metal Exchange, COMEX & NYMEX.

Commodity prices are usually cyclical. Over the last 15 years, many investors have reaped the benefits and benefits of investing in commodities as a strategy to diversify their portfolios. There are currently over 135 commodity ETFs providing investors and traders with exposure to many commodities such as metals, cereals, butter, coffee and sugar. One of the main factors influencing the instability of goods is the price of these products during economic cycles.

One of the most important questions to be asked by investors and traders is that commodity prices have peaked. In the early 2000s, which some consider to be big investors in the super commodity cycle, they were more than happy to take risks with commodity prices. In the wake of the 2008 financial crisis, commodity prices have had a high return on investors and speculators. There is evidence to suggest that these large increases in commodity prices (according to the World Bank) will not accelerate as before, but should remain stationary by 2020.

One of the most widely traded metals is gold. Like any commodity, gold is subject to the laws of supply and supply. Gold prices in general are far from their highs in 2011, when an ounce of gold was trading at $ 1900. Usually, US dollar and gold prices go hand in hand. In 2011, the US dollar was not as strong as it is today. In 2011, when the US dollar was weaker, the investment in gold was seen as a hedge against inflation.

During the financial crisis, investors and traders believed that gold would continue to rise from the Fed's devaluation of the dollar. Investors and traders who thought gold prices would remain stable as their peaks now feel the pain of investing in metal.

Again, it is important to note that gold prices are subject to supply and demand laws. Demand for gold is low today, pushing the price of metal down. In 2011, investors and speculators believed that gold was a sure thing and demand pushed prices higher.

Although gold prices are not close to what they have been in the last few years, 2016 has surprised some investors and speculators that the metal has surpassed numerous asset classes. Gold ETF prices have exploded in the last few months of 2016. Growth has far exceeded that of 2015.

There is a lot of speculation about gold prices and where they will potentially go in the next few months. There are some who believe that the price of gold will actually fall below $ 350 an ounce. These gold price levels have not been observed since 2003. Although these price levels appear to be completely off the chart, there is reason to believe that when looking at historical gold prices, the current price is close to $ 1,250. If the dollar remains strong and inflation remains in check, the fall in gold prices, along with other precious metals, could be significant. If metal such as gold fell in prices not seen since 2003, this would amount to approximately eighty percent of the collapse of gold prices at its peak in 2011. This type of sale would be catastrophic for many investors and traders who are long gold.

US inflation has been checked and relatively low. In the past, gold and other precious metals were an excellent hedge against inflation. As cost of living rises due to a surge in inflation (measured by the consumer price index), investors, as well as traders, flock to gold. Currently, a stable inflation rate, coupled with the strength of the dollar, keeps gold prices in check.

In conclusion, commodity markets can be very volatile and active traders who want to make money in this market need to keep an eye on commodity prices as well as news and events around the world. Inflation plays a major role in the purchase and sale of precious metals and investors, and traders must also closely monitor the economies of the world to determine the inflation rate in these countries. Today the most popular goods are traded; crude oil, coffee, metals, agriculture, wheat, soy, corn, honey and cotton. Institutions, as well as individual traders and investors trading metals, do so on exchanges such as; Comex, Globex, USAGold, Australian Securities

Stock Exchange, Chinese Gold and Silver Exchange and Shanghai Benchmark. Again, precious metals such as gold, silver, platinum and copper are some of the most actively traded goods in the world. When working with a Forex broker, the Forex trader will be able to view different commodity prices such as copper prices, real-time gold and silver prices and be able to trade in these commodities.

Different types of Forex brokers

With so many Forex brokers to choose from, it's certainly no easy task to find the perfect forex broker to match your trading style and preferences. As you may know, currency is an unregulated market as it is not traded on the stock exchange, which means that the prices you see and receive from one broker may vary from one to another. Forex brokers fall mainly into one of two classifications –

1) Market Makers (MM) and

2) Trading in Electronic Communication Networks (ECNs).

Most of the brokers around are Market Makers (MM). They offer traders the means to trade with and against the broker. MMs offer a single bid / price for each currency pair. They usually offer a fixed spread.

The second group is the brokers of the electronic communications network (ECN). They offer merchants the opportunity to publish their own bid / search rates. As a result, traders often see multiple bid / ask prices driven not by the broker but by other spot traders and liquidity providers (banks). They usually offer you a quote.

Market makers

Professionals:

– Provide free software for graphics and news feeds

– Prices are less volatile than ECN brokers

-Often provide a user-friendly and analysis interface

Disadvantages:

-He can take a stand against you

-The prices they offer may be worse than ECN brokers

-They can manipulate prices and trigger your suspension, or prevent you from reaching your target profits. This is because they may take a losing position against you

-Huge price slippage usually occurs during data transmission hours or their platform may not allow orders to be made during high volatility

-Most of them inhibit scalping, which can have a minimum stop loss of space or scalp performance can be very "manual" or complicated.

ECN Brokers

Professionals:

-You can usually get better deals / offers because they come from several different institutions or banks.

-Bids between offers and requests can be equal to zero spread or small spreads at times of liquidity (mostly in the afternoon, DG)

-They will not trade or hold a position against you, but will transfer your orders to a bank or other customer at the other end of the transaction.

-You will be able to bid between the bid and ask for a chance to fill it

-If they support Stop-Limit orders, you can prevent them from slipping in the news by making sure your order is either fulfilled at the price you want or not at all

-The prices can be more volatile, which will be better for scalping

Disadvantages:

– Most do not offer integrated graphics

-Don't offer integrated news anymore

Shady Broker Practices Reorders:

These days, redemptions are almost a thing of the past, but if you find that the broker is in the habit of opposing alternative deals, you will be well advised to find another broker.

Slippage: Slippage is a pricing practice used by some brokers to generate an additional pips profit or two in a given trade. Instead of making available, the broker raises the tariffs with an additional pips. If the execution price is consistently higher (as in the case of a purchase order) or lower (as in the case of a sales order) than the one displayed on your screen, find another broker. This is a difficult practice to document, but if you suspect this is happening, move your business elsewhere.

Pricing Irregularities: There are two cases where you will see a price jump – a change of screen that shows a significant, momentary price movement

1) when the broker deliberately raises prices to cancel the trader's position or

2) when the broker's liquidity provider does the same. Like slipping, spikes are difficult to document, but if you think you've been tampered with, consider changing brokers. Do not buy the argument that this is a programming error. Spiking is a deliberate means by which some unscrupulous brokers and liquidity providers manipulate the market.

Currency Trading Tips – Treat Currency Trading as a Business and Make Huge Profits

In terms of Forex trading tips, I would give any new trader to treat Forex trading as a serious business and you can make a lot of money and in this article I will show you how, but if you do what most traders do and treat you like to a hobby or just trade without a business plan, you will lose money. Let's look at how to make a lot of money in currency trading.

When you start any business, you have a plan and Forex trading is no different and your plan includes:

– Investigate all the basics related to the business you are working in and develop a profit strategy.

– Overhead and income analysis to give you a REALISTIC profit target.

How many traders start with a plan like the one above before trading?

They are not many, so let's look at what you need to do to make money and make a profit.

If you are a business owner, you know all the basics of your market and the same is true with Forex trading. You need to learn how to make money and create a system to operate in your market, which involves developing a strategy that is easy to do because – good Forex trading systems are simple and therefore easy to learn.

The real problem for most marketers is that they do not know the basics and do not develop a plan and ultimately lose. They try and trade news stories, follow gurus, or use robots and think they can find a way to success and lose. If you want to win, you need to do your own research, accept responsibility, and fulfill your plan to keep your business upside down and profits bigger, which is the real key to success.

The key to business success

The key to Forex trading is to make sure that your earnings exceed your overheads or turn into trading, that is, keep your losses low and make sure your profits are higher! Most traders fail to do this and the reason is – they want to make money from most of their trades, but this is not possible, you need to have overhead to win, so making losses is part of of your business – the key profit is to keep your head down.

You won't win 90% of your trades, as many people tell you, you'll probably win no more than 50%, but it doesn't matter, as long as you keep your costs low, your business can still make an overall profit if You make profitable deals to cover losers and make a total profit.

All business owners will know, they will have numerous losses of lighting, heating, salaries, taxes, rents, etc., but they also know they have them to earn and in fact it is the same with currency trading, yours losses are your overheads and your profit deals can cover them and make you a lot of money. To stay in business, you need to keep your overhead down.

How Much Money Can You Make?

Realistic goal growth is 50-100% annually, this is a key figure, but one that is good for targeting and unlike many other businesses, the Forex business requires far less effort to make big profits than other businesses and I know many marketers who make 100% annual profit in about an hour a day – what other business can make you such a big profit in so little time?

I can't think of any business with such great rewards for the effort you have to make. If you take your Forex business seriously, you can make a lot of money, but if you treat it as a hobby or gambling (as most traders do), you will join 95% of the losers – treat it as a serious business and it can bring you fantastic income.