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Forex Trading Education
By Raul Lopez, Thu Dec 8th
How difficult is it to make money trading the Forex market? Howmuch time does it take to actually be able to make a livingtrading the Forex market? These and other important aspects oftrading are to be discussed in this article. Trading the Forex market has many benefits over other financialmarkets, among the most important are: superior liquidity, 24hrsmarket, better execution, and others. Traders and investor seethe Forex market as a new speculation or diversifyingopportunity because of these benefits. Does this mean that it iseasy to make money trading the Forex Market? Not at all. Forex brokers agree that 90% of traders end up losing money, 5%of traders end up at break even and only 5% of them achieveconsistent profitable results. With these statistics shown, Idon't consider trading to be an easy task. But, is it harder tomaster any other endeavor? I don't think so, consider musicians,writers, or even other businesses, the success rates are aboutthe same, there are a whole bunch of them who never got to thetop.
Now that we know it is not easy to achieve consistent profitableresults, a must question would be, Why is it that some traderssucceed while others fail to trade successfully in the Forexmarket? There is no hard answer to this question, or a recipe tofollow to achieve consistent profitable results. What we do knowis that traders that reach the top think different. That'sright, they don't follow the crowd, they are an independent partof the crowd. A few things that separate the top traders from the rest are: Education: They are very well educated in the matter; they havechosen to learn every single and important aspect of trading.The best traders know that every trade is a learning experience.They approach the Forex market with humility, otherwise themarket will prove them wrong. Forex trading system: Top traders have a Forex trading
Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
</div>
USD/CAD: Canadian Dollar Down on Greek Concerns, Weaker Oil Prices
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexpros.com/analysis/usd-cad:-canadian-dollar-down-on-greek-concerns,-weaker-oil-prices-113296" style="font-size:1.2em">USD/CAD: Canadian Dollar Down on Greek Concerns, Weaker Oil Prices</a>
<br> <span style="color:#888888;">Forex Pros</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">By GCI Financial | Forex | Feb 07, 2012 10:20AM GMT The Canadian dollar was pressurized as Greek leaders struggled with austerity measures to get a bailout, reducing demand for riskier assets.</div>
</div>
Lack of Greek Deal Sends EUR Tumbling
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexyard.com/en/market-analysis/lack_of_greek_deal_sends_eur_tumbling-2012-02-07" style="font-size:1.2em">Lack of Greek Deal Sends EUR Tumbling</a>
<br> <span style="color:#888888;">Forexyard</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt.</div>
<a href="http://www.forexpros.com/news/forex-news/forex---euro-finds-support-on-greece-deal-hopes-230012">Forex - Euro finds support on Greece deal hopes</a> - <span style="color:#888888">Forex Pros</span><br>
<a href="http://www.bestsyndication.com/?q=20120205_forex_signals_usd_jpy_eur.htm">Forex Trading and Currency Exchange Rates ? USD/JPY rises as EUR/USD drops</a> - <span style="color:#888888">Best Syndication</span><br>
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Canadian Dollar (CAD) Technical Major Currencies (2012-02-07)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/294134/20120207/canadian-dollar-cad-technical-major-currencies-2012-02-07.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-07)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">The pair has been fluctuating with narrow ranges recently, within the descending short term channel shown on image, while MACD indicator continues to provide a bullish divergence over the four-hour timeframe, and momentum indicators are within oversold ...</div>
</div>
British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/british-pound-eur-safe-haven-06021355.html" style="font-size:1.2em">British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">21 hours ago </span>
<div style="width:80%;">The Pound continued its advance against the Euro this morning, but the UK currency declined for a second day versus the US Dollar, as market speculation escalates over the prospect of further quantitative easing from the Bank of England this week.</div>
</div>
Canadian dollar exchange rate (CAD) falls back vs USD as risk aversion takes <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-cad-06021354.html" style="font-size:1.2em">Canadian dollar exchange rate (CAD) falls back vs USD as risk aversion takes <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">22 hours ago </span>
<div style="width:80%;">The US dollar to Canadian dollar exchange rate (USD/CAD) is 0.54% higher at 0.9987. The euro Canadian dollar exchange rate (EUR/CAD) is 0.39% lower at 1.3018, the pound Canadian dollar exchange rate (GBP/CAD) is 0.22% higher at 1.5746.</div>
<a href="http://www.dailyforex.com/forex-articles/2012/02/USDCAD-Daily-Outlook-Feb-7-2012/10802">USD/CAD Daily Outlook Feb. 7, 2012</a> - <span style="color:#888888">DailyForex.com</span><br>
</div>
Canadian dollar exchange rates (CAD) are a big winner following strong Non <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-exchange-rate-non-farm-03021348.html" style="font-size:1.2em">Canadian dollar exchange rates (CAD) are a big winner following strong Non <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">Canadian dollar exchange rate: Global markets have been caught by surprise following the release of strong US Non-Farm Payroll data.</div>
</div>
Canadian Dollar (CAD) Technical Major Currencies (2012-02-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/292363/20120203/canadian-dollar-cad-technical-major-currencies-2012-02-03.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">The pair has been trading within a narrow range above the 200-days SMA; the pair is having difficulties breaching this support area around the average as see on chart, while price is clearly oversold as seen on Stochastic.</div>
</div>
Canadian dollar exchange rate: CAD finds risk environment unconstructive <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-exchange-rate-02021342.html" style="font-size:1.2em">Canadian dollar exchange rate: CAD finds risk environment unconstructive <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 2, 2012 </span>
<div style="width:80%;">The CAD was not a participant in the overnight push up in risk currencies, with USD/CAD remaining well-entrenched in familiar ranges.</div>
<a href="http://www.forexpros.com/news/forex-news/forex---usd-cad-up-on-jobs-data-229907">Forex - USD/CAD up on jobs data</a> - <span style="color:#888888">Forex Pros</span><br>
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=158866:mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll&catid=191:daily-forex-technicals">Mixed Reactions in the US Dollar to the Non-Farm Payroll</a> - <span style="color:#888888">Action Forex</span><br>
</div>
Canadian Dollar (CAD) Technical Major Currencies (2012-02-02)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/291619/20120202/canadian-dollar-cad-technical-major-currencies-2012-02-02.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-02)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Feb 2, 2012 </span>
<div style="width:80%;">The pivotal support around 0.9965 is still providing the pair with a good support as seen on the provided four-hour chart. The struggle around the middle line of the descending channel that dominated the movements from 1.0285 zones continues fixing RSI ...</div>
</div>
system.They have the discipline to follow it rigorously, because theyknow that only the trades that are signaled by their system havea greater rate of success. Price behavior: They have incorporated price behavior into theirtrading systems. They know price action has the last word. Money management: Avoiding the risk of ruin is a primary subjectto the best traders. After all, you cannot succeed without fundsin your trading account. Trading psychology: They are aware of every psychological issuethat affects the decisions made by traders. They have acceptedthe fact that every individual trade has two probable outcomes,not just the winning side. These are, among others, the most important factors thatinfluence the success rate of Forex traders. We know now that it is not easy to make money trading the Forexmarket, but it is possible. We also discussed the most importantfactors that influence the rate of success of Forex traders.But, how much time does it take to have consistent profitableresults? It is different from trader to trader. For some, itcould take a life time, and still don't get the desired results,for some others, a few years are enough to get consistentprofitable results. The answer to this question may vary, butwhat I want to make clear here is that trading successfully is aprocess, it's not something you can do in a short period oftime. Trading successfully is no easy task; it is a process and couldtake years to achieve the desired results. There are a fewthings though every trader should take in consideration thatcould accelerate the process: having a trading system, usingmoney management, education, being aware of psychologicalissues, discipline to follow your trading system and yourtrading plan, and others. About the author:Raul Lopez is a full time Forex trader; his trades are based ona price behavior approach. Raul is also founder ofhttp://www.straightforex.com a high quality Forex training company.
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Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
</div>
USD/CAD: Canadian Dollar Down on Greek Concerns, Weaker Oil Prices
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexpros.com/analysis/usd-cad:-canadian-dollar-down-on-greek-concerns,-weaker-oil-prices-113296" style="font-size:1.2em">USD/CAD: Canadian Dollar Down on Greek Concerns, Weaker Oil Prices</a>
<br> <span style="color:#888888;">Forex Pros</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">By GCI Financial | Forex | Feb 07, 2012 10:20AM GMT The Canadian dollar was pressurized as Greek leaders struggled with austerity measures to get a bailout, reducing demand for riskier assets.</div>
</div>
Lack of Greek Deal Sends EUR Tumbling
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexyard.com/en/market-analysis/lack_of_greek_deal_sends_eur_tumbling-2012-02-07" style="font-size:1.2em">Lack of Greek Deal Sends EUR Tumbling</a>
<br> <span style="color:#888888;">Forexyard</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt.</div>
<a href="http://www.forexpros.com/news/forex-news/forex---euro-finds-support-on-greece-deal-hopes-230012">Forex - Euro finds support on Greece deal hopes</a> - <span style="color:#888888">Forex Pros</span><br>
<a href="http://www.bestsyndication.com/?q=20120205_forex_signals_usd_jpy_eur.htm">Forex Trading and Currency Exchange Rates ? USD/JPY rises as EUR/USD drops</a> - <span style="color:#888888">Best Syndication</span><br>
</div>
Canadian Dollar (CAD) Technical Major Currencies (2012-02-07)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/294134/20120207/canadian-dollar-cad-technical-major-currencies-2012-02-07.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-07)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">The pair has been fluctuating with narrow ranges recently, within the descending short term channel shown on image, while MACD indicator continues to provide a bullish divergence over the four-hour timeframe, and momentum indicators are within oversold ...</div>
</div>
British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/british-pound-eur-safe-haven-06021355.html" style="font-size:1.2em">British Pound Sterling: Currency continues advance against EUR, safe haven <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">21 hours ago </span>
<div style="width:80%;">The Pound continued its advance against the Euro this morning, but the UK currency declined for a second day versus the US Dollar, as market speculation escalates over the prospect of further quantitative easing from the Bank of England this week.</div>
</div>
Canadian dollar exchange rate (CAD) falls back vs USD as risk aversion takes <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-cad-06021354.html" style="font-size:1.2em">Canadian dollar exchange rate (CAD) falls back vs USD as risk aversion takes <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">22 hours ago </span>
<div style="width:80%;">The US dollar to Canadian dollar exchange rate (USD/CAD) is 0.54% higher at 0.9987. The euro Canadian dollar exchange rate (EUR/CAD) is 0.39% lower at 1.3018, the pound Canadian dollar exchange rate (GBP/CAD) is 0.22% higher at 1.5746.</div>
<a href="http://www.dailyforex.com/forex-articles/2012/02/USDCAD-Daily-Outlook-Feb-7-2012/10802">USD/CAD Daily Outlook Feb. 7, 2012</a> - <span style="color:#888888">DailyForex.com</span><br>
</div>
Canadian dollar exchange rates (CAD) are a big winner following strong Non <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-exchange-rate-non-farm-03021348.html" style="font-size:1.2em">Canadian dollar exchange rates (CAD) are a big winner following strong Non <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">Canadian dollar exchange rate: Global markets have been caught by surprise following the release of strong US Non-Farm Payroll data.</div>
</div>
Canadian Dollar (CAD) Technical Major Currencies (2012-02-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/292363/20120203/canadian-dollar-cad-technical-major-currencies-2012-02-03.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">The pair has been trading within a narrow range above the 200-days SMA; the pair is having difficulties breaching this support area around the average as see on chart, while price is clearly oversold as seen on Stochastic.</div>
</div>
Canadian dollar exchange rate: CAD finds risk environment unconstructive <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.euro-exchangerate.com/canadian-dollar-exchange-rate-02021342.html" style="font-size:1.2em">Canadian dollar exchange rate: CAD finds risk environment unconstructive <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 2, 2012 </span>
<div style="width:80%;">The CAD was not a participant in the overnight push up in risk currencies, with USD/CAD remaining well-entrenched in familiar ranges.</div>
<a href="http://www.forexpros.com/news/forex-news/forex---usd-cad-up-on-jobs-data-229907">Forex - USD/CAD up on jobs data</a> - <span style="color:#888888">Forex Pros</span><br>
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=158866:mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll&catid=191:daily-forex-technicals">Mixed Reactions in the US Dollar to the Non-Farm Payroll</a> - <span style="color:#888888">Action Forex</span><br>
</div>
Canadian Dollar (CAD) Technical Major Currencies (2012-02-02)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/291619/20120202/canadian-dollar-cad-technical-major-currencies-2012-02-02.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2012-02-02)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Feb 2, 2012 </span>
<div style="width:80%;">The pivotal support around 0.9965 is still providing the pair with a good support as seen on the provided four-hour chart. The struggle around the middle line of the descending channel that dominated the movements from 1.0285 zones continues fixing RSI ...</div>
</div>
the international exchange market, the market for conversion exchange operations of specified amounts of one country’s currency into the ...
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