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Some Quick Forex Information

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Forex Mentality
When I interview prospective young traders, I always look for disciplined and strong-willed person as my first priority as long as one has decent education, but strangely in many cases, it is some kind of genius or half-genius with lots of brains with no disciplines who turn up for an interview thinking only bright people can make good traders.
More info on a great Forex system

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A pip is the smallest unit of price for any currency. Most currency pairs consist of five digits and most pairs have the decimal point immediately after the first digit, EUR/USD 1.2855. In this case a single pip equals the smallest change in the fourth decimal place example EUR/USD 1.2856 - 1.2855 equals to 0.0001 pip.

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Trading requires time in a couple of ways. The first is the time dedicated to developing a trading system. This can be thought of as a one-off thing, but in reality it is more an on-going process. Once a system is in place, time is required in terms of monitoring the markets for signals, executing transactions, and managing positions. How much time all these different elements require depends on the trading system. The trading system, in turn, needs to take in to account the amount of time the trader has available.

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FX traders include governments, corporations and fund managers doing business with foreign countries, that need to exchange one currency for another, and speculators who seek to profit from price movements in the markets.

Forex Software News

GBP/USD: Will Strong UK Inflation Prevent a Drop Below 1.9740?

Mon, 14 Apr 2008 22:03:10 -0400
On Tuesday, UK CPI figures are anticipated to show stronger inflation pressures, with the index expected to rise 0.6 percent in March from the month prior...

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