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Beginners-are-finding-excellent-profits-from-forex-trading
By Tony Buel
Many beginning traders have found much success when trading their forex accounts. Calculated risks can and do lead to substantial rewards and you will need to evaluate for yourself the kind of risk Read more...

"how To" Start Trading The Forex Market? (part 3)
By Martin Maier, Thu Dec 8th
10 REASONS TO START TRADING FOREX!More and more well informed investor and entrepreneurs arediversifying their traditional investments like stocks, bonds &commodities with foreign currency Read more...

A Review Of Automated Forex Brokers
By Eddie Tobey, Wed Dec 7th
Several companies offer automated forex broker services. In thefollowing articles, you'll find brief reviews of each. What forex brokers offer automated services?GFT Forex is an Read more...

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Forex-trading---95--of-novice-traders-lose---could-you-win-
By kelly price
There is one fact that you need to consider carefully before you engage in FOREX trading and if you do, you could save yourself a lot of money, so here it is:

If 95% of novice traders lose, why should you succeed at FOREX Trading?

Think about it carefully, the vast majority of traders get wiped and that’s a proven fact.

Will you lose? If You Believe the Following You Will!

If you want to see if you are going to lose consider the following questions and then we will give you some advice on how to win at online trading:

Firstly if you hold these views you will lose:

1.You can make money day trading

Try it and find out. You will lose and lose quickly – more novice traders try day trading than any other method, but it’s doomed to failure as you can never get the odds on your side – period.

2.You can buy success

Don’t all those e-books look enticing on the net?

Scalp 15 – 20 pips a day, make $2,000 dollars a month guaranteed trade with 80% success etc

All for a few hundred dollars!

Of course, these people make their money selling courses NOT trading so they win and you lose.

There is a small minority of FOREX education that you can buy that is worth the money, but most of the so called wisdom is available free on the net and you don’t have to buy it.

Always ask your self the question:

If their that good at trading why do they need to sell advice?

3.You can trade by listening to the news

Many people watch the news and there is plenty of it about.

It’s well thought out, well presented, in many cases very convincing and dead wrong and will help you lose.

Why?

Because news is stories these people are giving you their view (fair enough) but their not traders.

An economist can always give you great arguments for why something has happened, but explaining what is going to happen, is a completely different ball game.

4.You don’t like risk

Many novice traders try so hard to

Forex - Canadian Dollar May Falter On Weakening Global Picture
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.forextv.com/forex-news-story/forex-canadian-dollar-may-falter-on-weakening-global-picture" style="font-size:1.2em">Forex - Canadian Dollar May Falter On Weakening Global Picture</a> <br> <span style="color:#888888;">ForexTV.com</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of ...</div> </div>
Forex: USD/CAD tumbles to 1.0292, 3-day low
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=d17c3a7a-e9b4-4400-9cae-1579864a1b97" style="font-size:1.2em">Forex: USD/CAD tumbles to 1.0292, 3-day low</a> <br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">FXstreet.com (Cуrdoba) ? The Canadian Dollar erased losses and turned higher against Greenback as stocks recovered in Wall Street. USD/CAD jumped to 1.0375 (daily high) after the release of US and ...</div> </div>
Forex spread betting: EUR CAD in focus
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.spread-betting.me/forex-spread-betting-00404.html" style="font-size:1.2em">Forex spread betting: EUR CAD in focus</a> <br> <span style="color:#888888;">Spread Betting for Me</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">If you don&#39;t have the time to concentrate on placing your trades then you are doomed. A few rules to making your way to a successful spread betting strategy. We bring those looking at forex spread ...</div> </div>
Daily Forex Update: EUR/CAD
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=119009:daily-forex-update-eurcad&catid=191:daily-forex-technicals" style="font-size:1.2em">Daily Forex Update: EUR/CAD</a> <br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">After a week of hard-fought gains and higher lows in the EUR/CAD, the Euro has weakened slightly against the Canadian Dollar and corrected lower intraday. After exhausting at the resistance of the ...</div> </div>
Canadian Dollar Wipes Out Intraday Gain
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.forex-rateit.com/forex-news/canadian-dollar-wipes-out-intraday-gain.html" style="font-size:1.2em">Canadian Dollar Wipes Out Intraday Gain</a> <br> <span style="color:#888888;">Forex Rate It!</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">After reaching an intraday high of 1.0302 against the US dollar, Canadian dollar moved back to the 1.0380 area. Canadian dollar lost its strength to wipe out most of its intraday gains. The pair ...</div> </div>
Canadian Dollar Forecast to Break Below Narrow Range
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/usd-cad/2010-07-29-1526-Canadian_Dollar_Forecast_to_Break.html" style="font-size:1.2em">Canadian Dollar Forecast to Break Below Narrow Range</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">USDCAD - The ratio of long to short positions in the USDCAD stands at 2.57 as nearly 72% of traders are long. Yesterday, the ratio was at 2.19 as 69% of open positions were long. In detail, long ...</div> </div>
Drop in Crude Oil Weakens CAD
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.fxstreet.com/technical/analysis-reports/daily-currencies-report/2010-07-29.html" style="font-size:1.2em">Drop in Crude Oil Weakens CAD</a> <br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">by UFXBank Research USD Dollar (USD) ? The Dollar was mixed against other major currencies in Forex Trading after worse than expected US data on durable goods orders that came at -0.6% vs. 0.6 ...</div> </div>
Canadian Dollar (CAD) Technical Major Currencies (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/canadian-dollar-cad-technical-major-currencies-2010-07-30.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The pair is moving within a very narrow range that has not changed the harmonic pattern expectations suggested yesterday; thus making us hold onto yesterday&#39;s expectations intact without any ...</div> </div>
Westpac Exits Its Bet on the Canadian Dollar Rising Against Swiss Franc
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.bloomberg.com/news/2010-07-29/westpac-exits-its-bet-on-the-canadian-dollar-rising-against-swiss-franc.html" style="font-size:1.2em">Westpac Exits Its Bet on the Canadian Dollar Rising Against Swiss Franc</a> <br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">By Lukanyo Mnyanda - Thu Jul 29 13:45:29 UTC 2010 Westpac Banking Corp. exited a bet that the Canadian dollar would rally to its strongest level this month against the Swiss franc after the loonie ...</div> <a href="http://www.businessweek.com/news/2010-07-29/canadian-dollar-rises-first-time-in-3-days-as-commodities-gain.html">Canadian Dollar Rises First Time in 3 Days as Commodities Gain</a> - <span style="color:#888888">BusinessWeek</span><br> <a href="http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1377435">Canadian Dollar Advances Further Against Major Rivals</a> - <span style="color:#888888">RTT News</span><br> <a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2010/07/30/TOF730cad.html" style="color:#009900">Daily FX</a> </div>
| EXCHANGE RATE
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailynews.lk/2010/07/29/ExchangeRate.asp" style="font-size:1.2em">| EXCHANGE RATE</a> <br> <span style="color:#888888;">Ceylon Daily News</span> - <span style="white-space:nowrap">Jul 28, 2010 </span> <div style="width:80%;">Exchange Rates on 28.07.2010 (1) The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 am are as follow: Currency Buying Rate ...</div> </div>

restrict risk they create it – that’s why many are attracted to FOREX day trading.

They tend to place stops to close and give themselves no chance of winning.

If you don’t like risk do something else.

5.What’s your edge?

Ask yourself this question before you trade and think carefully about it.

Why should you win when 95% of traders lose – what’s your advantage?

As we have seen its none of the points discussed above!

If you can’t answer the above question, you don’t have one and odds are you will lose all your money.

Any positive advice?

Yes, the good news is anyone can make money trading FOREX as everything about it can be specifically learned.

What you need to do is accept you are going to do it on your own – no one else can help you, only you can give yourself success.

Then learn the right knowledge.

FOREX trading is actually quite simple but requires a different mindset to other activities; you must acquire the right knowledge and the mindset to win.

FOREX Trading is all about working smart, not working hard and if you learn FOREX trading the right way, you can make a lot of money.

We don’t have to time to go through the above in more detail here but we will cover the mindset to win and the education you need to win in part 2 of this article.

Article Source: http://www.upublish.info

About the Author:
kelly price
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An abbreviated name for foreign currency. See also FX