Forex Crunch » forex demo account

Forex Trading: Walk Before You Run

Yohay — Tue, 07 Feb 2012 13:15:53 +0000

If you are new to forex trading, taking things slowly and gradually will help you not only survive, but will also increase your chances of long term success.

Taking this slowly applies to the time and money spent in trading and also your education as a trader. Here are four tips for taking it easy.

Read the rest of the article Forex Trading: Walk Before You Run

Trade Responsibly Chapter 1: Money Management

Yohay — Tue, 01 Nov 2011 10:00:00 +0000

Isn’t money management a nice buzzword? Many forex brokers flash around this nice phrase. I’m sure you’ve heard it many times. How can you turn this buzzword into practical, actionable advice?

As with any type of investment, there is risk. The idea is to control your risk and be aware of it. This will save you from the infamous margin call, as well as let you control your account in a better way.

Read the rest of the article Trade Responsibly Chapter 1: Money Management

4 Pitfalls of Demo Accounts

Yohay — Wed, 19 Oct 2011 15:36:06 +0000

A forex demo account is a very important tool for assessing a broker’s platform, testing your technical analysis skills and lots more. Using a demo account is highly recommended.

Yet it doesn’t fully prepare you for the real thing. Here are 4 pitfalls for demo accounts, and solutions for part of them.

Read the rest of the article 4 Pitfalls of Demo Accounts

Think Demo Trading Will Make You Successful?… Guess Again

Yohay — Fri, 06 Aug 2010 06:47:21 +0000

Guest post from visionsofaffluence.com

Demo trading. We are all familiar with it. We have all heard the advice of the experts that tell you that you should demo trade first in order to learn how to trade. Indeed demo trading is thought by many to be the path to trading success because by allowing people to trade without risking any money gives them the chance to learn how to trade without the fear of losing money. This lack of risk however is what makes demo trading ineffective at creating successful traders, because without the risk of losing money you will never be able to deal with the emotions that cripple so many traders.

Read the rest of the article Think Demo Trading Will Make You Successful?… Guess Again

5 Limitations of Back Testing

Yohay — Tue, 18 May 2010 09:00:23 +0000

There are lots of forex trading system and EAs out there. Some may be good and others can be bad. While it’s definitely a good start, it isn’t bullet proof.

Expert Advisors (EAs) are small pieces of software that automatically open and close forex positions according to the code written inside. MetaTrader has an excellent environment for programming, executing and and analyzing the results of backtesting.

Read the rest of the article 5 Limitations of Back Testing

Forex Arbitrage – Theory and Reality

Yohay — Fri, 14 May 2010 20:00:07 +0000

Arbitrage trading is a risk free way of making money by tapping into gaps that may occur. Theoretically, arbitrage trading can be done in forex by enjoying the fractions of pips that are missed in crosses. Here’s how it works – in theory. In practice, remember that forex trading isn’t easy money.

Did you ever try to calculate the price of a cross pair by yourself? Crosses such as GBP/AUD or NZD/CAD don’t necessarily appear by default on your site’s quote list. But even for popular pairs, did you see the full triangular connection? Sometimes a pip or more are missing:

Read the rest of the article Forex Arbitrage – Theory and Reality

Binary Options Demo Account

Yohay — Fri, 26 Feb 2010 09:43:39 +0000

Start Options, a provider of binary options, announced that traders can now check out their options using a virtual demo account. They are currently the only provider that provides this service. This sector is evolving together with traditional forex trading.

I’m repeating my pledge to check their possibilities using a forex demo account. Up to now, a demo account wasn’t available in the field of binary options – not for stocks and not for forex binary options.

Read the rest of the article Binary Options Demo Account

Oops, we’ll reinstate your position

Yohay — Wed, 17 Feb 2010 15:00:06 +0000

Not all forex brokers were born equal. Some will play dirty tricks to drain your account without being typical scammers. Here’s ascenario that happened to me and to many others.

This should ring all your bells. There is a solution: take your business elsewhere.

Read the rest of the article Oops, we’ll reinstate your position

5 Tips for Avoiding Forex Euphoria

Yohay — Tue, 09 Feb 2010 12:03:25 +0000

In forex trading, also winning can be dangerous. Some traders get euphoric, make bad trades and eventually kill their forex account. This can happen to anyone. Here are 5 tips for overcoming it.

So you’ve learned forex at a course or by yourself and trained yourself with technical analysis using a forex demo account. Now you’re absolutely ready for a real account. So, you open an account and things begin well:

Read the rest of the article 5 Tips for Avoiding Forex Euphoria

Forex and Freedom

Yohay — Mon, 14 Dec 2009 11:40:35 +0000

While successful forex trading can free us from waking up to the sound of the alarm clock, commute to the office and smile to the boss, it still requires discipline and takes time. There are no shortcuts. Becoming a successful trader does require some characteristics of a day job.

The Forex Guy wrote about the patience that is needed for forex traders, and touched an interesting point – forex traders want to be free of their jobs and their bosses. I’m following up on this point. Here are the characteristics:

Read the rest of the article Forex and Freedom