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The Perils of Over-Reacting
from:Trading on the Forex market is something that can be quite thrilling, such is the potential for making real money. For many people, the thing that attracts them about the Forex market is exactly the same thing that can turn them off it – that is to say the high stakes which exist. Successful trading can make you very rich very quickly, but a bad trade can wipe your profit out in the blink of an eye. Having a negative experience early on can cause a trader to decide not to return to the trading arena. Even the fear of something going wrong can put the brakes on a promising trading career.
It is completely human to be cautious early on in your trading career, in fact, being over-cautious is better than being reckless, because as beneficial as a daring strategy can be, if you suffer a major loss early on in your trading career it can put the thought of failure in your mind on every future trade. You will, in all likelihood, lose leverage from your broker, and you may also become prone to a kind of paralysis which prevents you from trading at all. However, this does not mean that you should react hastily to any drop in the market because every market undergoes corrections from time to time. A short drop is not always the precursor to a crash, and judging the right time to stop your loss is something you will learn to do with experience.
Currency Trading Forex Spot Rate News
PRECIOUS METALS: Gold Choppy In Asia; Range Trade Seen Ahead Of Greek Deal - Wall Street Journal
 TheStreet.com | PRECIOUS METALS: Gold Choppy In Asia; Range Trade Seen Ahead Of Greek Deal Wall Street Journal By Arpan Mukherjee Of DOW JONES NEWSWIRES WELLINGTON (Dow Jones)--Gold prices were choppy in Asia Thursday, with market participants tipping the yellow metal to trade sideways as investors continue to await a deal on Greek sovereign debt restructuring ... Todays gold price per ounce Spot gold price per gram; Price of gold; Silver ... Comex Gold Trades Near Steady on Consolidation PRECIOUS-Gold rallies 1 pct as Greece deal boosts euro |
Forex Trading Volume Drops for First Time Since 2009 - Wall Street Journal
Forex Trading Volume Drops for First Time Since 2009 Wall Street Journal By comparison, spot currency trading was up more than 9%. "There was fear of counterparty risk," said Charles St-Arnaud, vice president of foreign-exchange research at Nomura Securities in New York, adding that "you needed to pay a huge premium to ... |
Yuan Halts Gains on Greek Talks, Inflation Distorted by Holiday - Bloomberg
Yuan Halts Gains on Greek Talks, Inflation Distorted by Holiday Bloomberg The yuan halted a two-day gain as Greek leaders struggled to agree on economic measures needed for a second aid package and Lunar New Year price increases pushed up China's inflation rate. Asian currencies weakened after Greek Prime Minister Lucas ... |
Gold Prices Gain on Central Bank Easing - TheStreet.com
TheStreet.com | Gold Prices Gain on Central Bank Easing TheStreet.com Gold for April delivery was up $4.10 at $1735.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1742.10 and as low as $1728.30 an ounce while the spot price was adding $4, according to Kitco's ... |
Forex - Asia Close Highlights - FXMarketAlerts.com
Forex - Asia Close Highlights FXMarketAlerts.com Singapore: Singapore will report detailed fourth quarter gross domestic product data before stock market trading hours on Feb 16, the Ministry of Trade and Industry said on Thursday. - Malaysia: Dec export growth slowed to 6.1% y/y from 8% in Nov, ... |
Gold, Silver, Copper and Crude Oil Trading - NASDAQ
Gold, Silver, Copper and Crude Oil Trading NASDAQ The US Dollar index moved up off of its session low to trade near steady on the day. The Crude Oil market lost most of its early gains to trade just steady to firmer on the day. Spot Gold was last quoted down 12.50 at 1733.00 oz. |
Kenya shilling slips on importer dollar demand - Reuters
 Business Daily Africa | Kenya shilling slips on importer dollar demand Reuters "The shilling should remain supported by high interest rates and so long as we see muted (dollar) demand." Traders said the currency, which took a hammering in a broader emerging markets sell off in the second half of last year, was broadly supported ... Kenya shilling slips on oil importer dollar demand |