Budgeting Red Flags

Every manufacturing firm, retail store, service company and governmental agency should have an operating budget. In essence, an operating budget is the quantification of a company’s business plan. In order to create a functional and realistic operating budget, it is …

The Euro Will Recover

Remarkably, the Euro currency still remains afloat despite the many doomsday predictions of 2012. Although European leaders continue to quarrel over economic issues, they’ve managed to agree on some things. Their perspective of the struggling Euro has shifted from blame …

Reducing Risk in Currency Trading

Because traders enter the forex market to make a profit, the ultimate risk they seek to avoid is losing money. There are multiple routes a trader might take to reach this unfortunate destination. There are also a variety of safety …

Forex Market Trading Mistakes to Avoid

The following mistakes can happen to anyone, beginners and veterans alike. Even if someone has been trading a longtime, it isn’t unusual for a lapse in trading discipline to occur from time to time. Most importantly, a trader should recognize …

Keys to Succesful Currency Trading

There are some fundamental habits that make for successful currency traders in the forex market. These don’t come naturally but must be developed through discipline and intentionality. But if a trader focuses on these basic principles, he is bound to …

Evaluating a Past Trade

It’s important to approach each trading opportunity individually, with a fresh perspective of the market and refined trading approach. When a trade is complete, a prudent trader will assess what he did right and what he did wrong. This type …

Closing Out a Forex Market Trade

Market trading either ends with a profit or a loss. Occasionally, trades will end flat, meaning they are without a gain or a loss because a traders exits at the same price at which he entered. It is difficult to …

Take-Profit Targets

In the forex market, it always pays to enter a trade with a well-developed plan. However, the market is a rapid, fluid entity keeping any trader on his toes. Remaining committed to one’s plan and yet maintaining flexibility when the …

Placing Forex Market Orders

An investor in the forex market must consider an order to be the equivalent to a trade. If the market conditions fall into place as desired, the orders waiting execution in a trader’s account will launch the trade into the …

Click and Deal Trades

Buying and selling online in the forex market is as easy as a few clicks of the mouse. Online trading allows for easy, rapid access to the forex market. A trader can enter and exit a trade with little interference. …