Forex Demo Account for In-Trade Psychology
A Forex Demo Account cannot really simulate how you’ll act when a trade is open in a real account. Yet, there are still a few things that can be done. This is the third post in the series about forex demo accounts.
I’ve already dealt with aspects of psychological pressure when using a forex demo account. [...]
Forex Daily Outlook – April 30th 2009
The economic calendar is packed by events today, with German Unemployment Change, Canadian GDP and American Unemployment Claims being the most important figures. The market is still shaken from yesterday’s Advance GDP and FOMC Statement. Let’s see what’s up for today:
In Australia, CB Leading Index rose by 0.2%, showing that the Australian economy is still stable. NAB Quarterly Business [...]
GDP And FOMC Roundup – Yen Hurt
Advance GDP and the FOMC Statement supplied much volatility for the forex market. Most currency pair eventually stayed in the same place. Only the Yen was significantly hurt.
Advance GDP was very bad: According to the early indicator, the American economy squeezed by 6.1% in the first quarter of 2009, much worse than early expectations of [...]
Forex Daily Outlook – April 29th 2009
Big day in forex trading today, when Advance GDP and the new FOMC Statement are published. There are more economic indicators, and there’s the swine flu still influencing the market.
Advance GDP in the US is currently expected to show a contraction of 4.8% in the first quarter of 2009. This will be better than the [...]
Forex Demo Account for Money Management
A Forex Demo Account is an excellent tool for learning Money Management. In order to get the best out of it, there are a few important things to keep in mind. This is the second post in the series.
Forex Money Management
In short, money management is controlling how much of your account you want to risk [...]
Forex Daily Outlook – April 28th 2009
The ongoing swine flu crisis will continue to make the forex market sneeze. Apart from that, CB Consumer Confidence is the main economic indicator of the day. And there’s more! Let’s dive in:
The swine flu is spreading quickly around the world, and cases have been reported virtually everywhere. This ignites fears of more economic pain – [...]
Forex Demo Account for Technical Analysis
Opening a Forex Demo Account is a great way to practice technical analysis. There’s only a minor difference between having a real account and a demo account at this stage of technical analysis, and you can learn a lot. This is the first post in series of posts.
Small Psychological Difference
A Forex Demo Account is extremely [...]
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