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FXstreet.com (San Francisco) - There is practically no change in the EUR/USD pair since the NY close, with EUR/USD trading at 1.2770 at the weekly opening after closing late Friday at 1.2774.Over the weekend, leaders of the Group of Eight (G8) major economies addressed the two biggest threats to their economies - the euro zone crisis and high oil prices, though no new developments have come out of the meeting in the US.On the Greek front, all eyes remain on the next elections on June seventeenth. "The overwhelming majority of Greeks want to keep the euro, but oppose the austerity conditions agreed with the EU and International Monetary Fund," reports Reuters. The G8 leaders on Saturday backed keeping Greece in the euro but signaled it should keep to its bailout terms.At the time of writing, EUR/USD holds a slight bid ...
Forex traders should avoid going against the market trends unless they have patience and a secure long-term plan. Trying to fight the market trends will only lead to trouble for beginners. Even advanced traders may have trouble. Listed are why Forex is a better choice than other markets. Trades can be made at any time of day. When investing in Forex, a little can go a long way. Forex trading can be done by almost anyone and at just about any time of the day. Many trading pros suggest keeping a journal on you. Include all of your failureS and your successes in the journal. It is important to record everything you do in the Forex market, in order to analyze how well you are doing, and to avoid past mistakes that can affect your bottom line. If you want success, do ...
Paulo Oliveira says: October 21, 2010 at 12:36 pm In my short trading career (18 months) I started like most people do, loading up indicators, use of high leverage and tight stops (never risk more than 2% of your account on any trade – I have lost count on how many times I read this sentence on all the forex trading books I came across). After six months of demo trading with mixed success I decided to open a live account. In demo you can follow the rules and be very detached from your trades, but when it comes to the real thing you embark on an emotional roller coaster. Thankfully after two months of live trading I made a wise decision to stop trading. I would finish most days emotionally drained. I came to the conclusion that it would be impossible to make ...
