You do not need a university degree to trade the forex markets - how to use forex trading demo account

You do not need a university degree to trade the forex markets ~ how to use forex trading demo account

I get to be asked the question whether it is essential to have a university degree many times I introduce people into the concept of trading forex online. A university degree is not essential. Neither is it an added value. The markets know not of first class scholars or students from Ivy League institutions. A little bit of education is essential but not key.

Forex trading is for anybody with the access to internet and a desire to learn or explore. Anybody open to new ideas can succeed in this market. Most of it is self taught and so as long as you can read and write gathering knowledge will not be difficult. A lot of people that I interact with dismiss the concept of online forex trading altogether. But the dismissive characters are often individuals afraid to leave their comfort zones and test themselves with new challenges.

A lot of newcomers in the forex market tend to think that a background in mathematics is essential if one is to have success trading forex online. Whereas that could be true, mathematics is only essential when calculating your position sizing. Risk reward can seem to involve some calculations but it is simply a matter of where a trend moved up to and turned and more often is simply determined by the look of the charts. Position sizing and risk reward do not require a background in mathematics or any of the sciences.

What any trader requires is an ability to communicate. Of course you must be able to read and understand the terms of contract entered between you and the forex broker lest you fall for a scam. You will probably also be trading with a foreign based broker who might only provide sites in languages that do not include yours. An understanding of the basics of the English language is therefore essential.

Problems tend to arise within the first weeks of opening an account and if you are unable to communicate with the broker you will be at a greater disadvantage. Remember that the trade contract is only between you and the forex broker and the possibility of hiring a third party to communicate with your broker is also unthinkable.

Forex, most of it, is about common sense.  Most of the decisions you make in your day to day trading will greatly depend on how you view the charts or market sentiment. That degree certificate of yours is of less significance and it matters not that you failed or scored a pass.

So if you’ve been keeping away from the markets for the reason that you lack a college degree, kick out that idea and begin gaining knowledge from all those sites that give the 101 on forex. This job requires no interview and is mostly rewarding to those with a desire to learn. After reading through and understanding most of the essentials of forex trading, why not open a demo  account and test your new skills. Almost all forex brokers provide free Meta trader 4 demo accounts. I wish you all the best in your studies if this article in any way convinces you to begin learning how to trade the online forex market.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.

Call us today on 0725 050 419 for the best forex trading orientation.

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The moral obligation to trade forex wisely - forex-trading news tips reports

The moral obligation to trade forex wisely ~ forex-trading news tips reports

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Days you Should Never Trade an Inside Bar - forex peace army news trading

Days you Should Never Trade an Inside Bar ~ forex peace army news trading

An inside bar is among the major forex price action trading strategies. The inside bar forms when the low and high of the bar are within the range of the mother bar. The inside bar can be traded in both the 4 hour chart and the daily chart. 

Due to the nature of the inside bar, it is not advisable to trade it on particular days associated with low volatility or little market movement.

1.    Saturdays and Sundays

The first way to avoid trading inside bars that form on weekends is to use an online forex broker that uses the five day chart. If your forex broker uses the seven day chart you need to be careful about the trading signals that form over the weekends. Every trading edge that forms after the New York Close at 5: 00 pm EST on Fridays should be held suspect. A lot of forex brokers actually use the seven day charts and every forex trader must be extra careful not to execute trades on the basis of signals that form on Saturdays or Sundays when the London and New York markets are closed. Any inside bar that forms on Saturdays or Sundays should never be traded because they end up being false signals. They don’t reflect the general mood of the forex market.

2.    International Holidays

Inside bars that form on international holidays should also not be traded.  The forex market is always closed on international holidays such as Easter Monday and Good Friday. Although the online forex market is a 24/7 affair, it does not imply that markets don’t respect holidays. As a matter of fact, the forex brokers, hedge funds, banks and retail traders that contribute to the running of the forex market are humans that must get a rest.  If they are not engaged in forex trading, there is no way the price action strategy will bear good results. Master international holidays and ignore all inside bars that form on such days.

3.    United Kingdom Holidays

If your online forex broker uses the London open forex charts, you must bring yourself to the knowledge of the relevant events in London. List down all the United Kingdom holidays that may affect your success trading the inside bar in the online forex market. Mostly your forex broker will let you know about holidays in their forex reviews. But if you are a forex trader that rarely looks at reviews, then you need to have all the relevant information about the London forex market charts written somewhere. Remember, inside bars can easily lead to loses in the forex market when traded on the wrong days. The trade will turn against you due to your lack of knowledge of when to trade the inside bar successfully.

4.    American Holidays

This applies to all forex traders using the New York close charts. Online forex volatility falls whenever the New York Stock Exchange closes. This happens at daily at 5:00 pm EST. if your broker uses the New York close charts, you must be aware of the relevant trading days in the United States of America. Short of that you will mistakenly trade an inside bar that forms on an American holiday. The consequences will be dire as you will have a losing trade and lose faith in your trading edge and the forex market all together.

Most of the time that our edge turns into a loser is because we’ve rushed into the forex trade and executed a trade without considering whether our trading edge is genuine or not. Trading genuine inside bars in the forex market implies trading only inside bars that form on the right days. Success in the online forex market comes after mastering the what, when and why. Know what to trade, when to trade, and why to trade. In forex, learn how to trade the inside bar only after answering the what, when and how to trade. That way, the online forex market will not be a painful endeavor.

You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 
Call us today on 0725 050 419 for the best forex trading orientation.

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Why has Google Adsense rejected my 27 000 words Blog ~ forex trading news channel

Someone better take cover. I’m spitting venom today. This article will surely turn me into a deadly snake whose head must be crushed- by Google of course. You the reader, may actually find no reason to harm me- because I’m almost certain that our plight is similar. And in case you do, then you obviously are stuck in a bubble where reality passes you by- holding onto the misconception

that you’ll make money online using blogger.

Maybe I should state from the onset that I’m not in dire need of money as I write this. Nor I’m I in need of any vindication from those in the business of making money online. I was actually idling on the sofa set when I thought of my other now “dormant blog”. Dormant not because I’m yet to start blogging (the blog has 27 articles each containing over 1000 words and records over 100 page views daily) but because Google is just yet to be convinced that my adsense account is ready for activation. And so it seems that I cannot make money online with a 27,000 worded blog.

What does Google really want? Is anyone making money online using blogger? Blogger being a Google brainchild, I would suppose that Google would be at the forefront in offering some form of encouragement to those that actually manage to generate pageviews without a custom domain. I had long thought that making money online was all about pageviews and content. Yet Google seems so much removed from the aspirations of those that use the blogger service and obey its code to the latter. Many sites that provide tips on how to make money online have put a spell upon anybody who blogs using blogger- the common narrative is that there can be no online success in writing for money using blogger unless you go professional by getting a custom domain. Google seems to be covertly sending the same message to anyone attempting to make money online using blogger. The disdain with which Google has treated those trying to make money online using blogger supports this assertion.

When you begin blogging for money, the common mantra is always- content is king. It is a tired phrase repeated by all those sites promoting the idea of how to make money online. So you write in the hope that soon when you’ve gathered enough content you’ll be making money online. You write day and night with all the SEO requirements in mind. You then apply for an adsense account- and that’s the point at which the reality sinks in. you won’t make money online using blogger. Google will never activate your adsense account if you are using blogger no matter the content size on your blog.  Google has turned the rider, ‘get a custom domain to make money online’ into a powerful sad reality; all with its contempt towards those using its service in the honest belief that it’s all they need to make money online.

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Another proof that you can make money online - forex trading news tips

Another proof that you can make money online ~ forex trading news tips

The article below was a piece in the Business Daily. It gives a glimpse into the lives of youths who’ve discovered how green the grass is on the virtual sphere. It is my hope that with this, most youths will extricate themselves from the “herd mentality”- the false belief
that travelling abroad is the only source to wealth and prosperity.

Tech jobseekers click it right with online ventures

Donholm is noisy and irritating. We welcome the chance
to escape into Ben Mwangi’s living room only 30m from the road made notorious by buses, which pick and drop passengers everywhere. The buses are said to be involved in an average of five accidents daily.

On this bright Sunday afternoon, the Business Daily has just witnessed a motorcyclist being pushed into a ditch by one of these buses prompting a commotion that has led to a snarl-up on the busy road.

The scenes of disorder and chaos outside are contrasted by the ambience and taste in Mwangi’s house.

From imported curtains to a 100 inch LCD television set, every sign points to a man leading a good life. But Mwangi is only a 24-year-old university graduate who could not find a job after completing his Mass Communication degree.

“I fought hard, tarmacked extensively and in the end, I found no opportunity,” he says of his difficult past. “Thereafter, I met a guy who trades in foreign exchange (forex) and he agreed to train me on the trade.”

It must have worked since Mwangi is now unrecognisable from the jobseeker who covered every inch of the streets of Nairobi in his then “only beige suit dropping brown envelopes everywhere in vain”.

Forex, he says, is a high risk, high return busines
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