We traders have to be careful of the pontificators on many of the cable financial network shows. The problem is that so many people think they are experts. They regurgitate old news and ideas, make outrageous claims, and then try to sell you their books. I’m sure that at some point in their careers they have had some success with the markets and maybe some even continue to have a degree of success. The markets, however, don’t care how successful you’ve been in the past because it is …

This is a very good article (attributed to the Trading-Home-Business.com website) that is also a good primer on foreign currency exchange rates.
Foreign Currency Markets
The cost to exchange one currency for another is defined as the foreign currency exchange rate. For an example, if you vacation in France you will have to pay your expenses in European Euros. If you are from the United States then you will use your American dollars to buy European Euros.
Let’s assume that you go to your bank and buy $1000 worth of Euros. …

By Colon McRae
Statistics show that only 15% of forex traders make money, which seems to contradict the vast numbers of people actually trading in forex. What follows is five mistakes new traders and experienced make that often causes them to lose money.
1. No Forex Trading Plan – Trading in forex without a forex trading plan is akin to going to war without a battle plan. You have very little chance making money without a well-conceived plan and strategy and how to execute it. The forex trading plan …