Forex Trading Strategies That Are Guaranteed To Work
As we all know that traders in India have not been able to do forex trading in cross currency pairs legitimately due to RBI regulations. Many of the CTM clients have files complaints with their respective police agencies and anti-fraud units in Canada, UK and NZ. Hopefully the developing legal suit will track down and prosecute name deleted by staff due to legal threats as well as make public that New Zealand is the Pirate Bay of FX trading.
The real winners are the institutions that get commissions on all your trades, or spreads on markets like Forex, as well as the large institutional traders that really control the markets and have operating budgets in the millions for traders, analysts and programmers to manage their sophisticated trading systems.
Compare that to equity markets, where a company can suddenly declare a dividend or report huge losses, leading to huge price changes In addition, the chances of insider trading are almost nil (especially on major currency pairs ), as there are no insiders in the forex market, which is dependent on global factors and perceived developments.
In the past, only large international financial institutions were allowed to trade currencies, but with the introduction of online forex brokers, i.e. forex trading platforms, individuals are also given an opportunity to invest and increase their capital by trading currencies.
Obviously any profits you make when using a demo trading account will not be yours to keep as they are paid out via additional demo credits but the upside of these types of accounts is that you will never risk losing anything whilst you are mastering the online or mobile trading environment.
Once you insert the appropriate Pivot lines indicator onto your chart, you can see all the historic battles sites of the market (the Pivot levels bounced and broken, the support and resistance levels held and overtaken), and you can foresee where future battles in the market will be waged.
But with right mindset, money management, and a long term more clean approach to trading currencies, it can become easy, as I’ve traded Currencies for majority of my 5 years trading and have gained much success from it not without major fair share of losses.