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Probably one of the hardest things about swing trade is the psychology of it. Many people begin their trading career at all aware of what they are about to face. Trading is a very emotional experience for many people these feelings are too strong and this leads to their failure to be an efficient operator. It is therefore logical that anyone who wants to improve their chances of negotiating just needs to gain a better understanding of the market and their emotions. If only this easy. Unfortunately, the field of psychology is a topic often overlooked because many traders do not know how important it is and this is the last thing they ever thought when placing trades. One could say that the real key to success in the swing trader is understanding the psychology of it. Read the rest of this entry »

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world. Read the rest of this entry »