Tips To Successfully Manage Your Forex Investment

Currency trading can imply a lot of different types of trades depending upon whom you ask or talk to about it. We all know that it's what and when you trade that determines your profit or loss. Take some time to train yourself and work on your trading using the tips below.

Keep your eyes on the commodity prices. When they are rising, this generally means that there is a greater chance that you are in a stronger economy and that there is rising inflationary pressure. Avoid when the commodity prices are falling. This generally signals that the economy and inflation are falling as well.

When you begin your Forex trading experience, it is important to choose and account type that fits your trading goals and needs. Choosing the right account can be confusing, but a good rule to go by is that a lower leverage is good. Standard accounts are usually good to start off on if you are new to trading.

Take the time to learn the essential components of forex trading. If you want to be successful at what you do and be competitive with some of the experts in the field, you must have a clear understanding of everything that it entails. You don't need a college education, but you do need a desire to learn.

Start small. When first starting out in the forex trading market, start with a small initial amount, and use your trading gains to further fund the account. If your account is losing money, adding additional outside funds will only serve to increase your losses. Increasing your account through gains is also the most surefire protection from getting in over your head.

Never be misled by any profit gains in Forex. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700 in the exact same way you gained it, only quicker!

The basis of forex trading is to base your decisions on the bidding quotes. These quotes show how much you can trade what you have for. The principle is simple: if you can make a profit, trade what you have or what for a bigger profit. If you cannot make a profit sell before you lose any more money or wait for the market to change.

Expect to lose money. Every trader who has ever traded forex has lost some money; you're not immune. Losing money is not something to be regretted, as it's a normal part of trading and can teach you lessons about the market. Losing can also teach you lessons about yourself.

One good trait that successful foreign exchange traders have is that they are more objective and less emotional. The moves that you make should be based on reason and should not involve emotions. Researching on good investments should be done and it is better to win a little than lose a lot, due to an emotional trade.

If you are going to be investing a lot of money in forex, you should enroll in a money management class at a local college. This will help you to form a blueprint of what you want to achieve and learn to quit when behind. Proper money management is the key to maintaining success.

There's absolutely nothing wrong with questioning the legitimacy of any work-from-home method, so be sure that you read plenty of real information about Forex that was written by real Forex users. This is how you find out if the platform is legitimate or not. The dollar signs can be enticing, but the actual users will tell you what you need to hear.

You should keep at least five hundred dollars in your Forex account at all times. You might be required to keep less, but you might lose a lot of money because of leverage. In that situation, you will be glad you have the money you need to cover your debts quickly.

Keeping track of the market trends is one thing, but you should also pay attention to buying and selling trends from other traders. Their perception of the market will influence their decisions, and also influence the value of a currency. A currency might have a high value only because there is a high demand for it.

While the middle of the week is the best period for trading on the Foreign Exchange Market, Saturday and Sunday are the worst days for trading on the market. This is due to the market dying down due to the lack of weekend activity from businesses. In addition, Monday and Friday are not recommended trading days, as new trends establish on Monday and closing trades happen on Friday.

A mistake that is commonly made among beginners when trading in the foreign exchange market is that traders try to pit tops and bottoms. Pinpointing tops and bottoms in the market is a difficult and very risky task. Wait until tops and bottoms have been established by price action, not by random guessing.

Finding a guru or trusted source of information for active Forex trading can either save you from losing money or help you to make it! You already know that learning everything there is to know about Forex is the best strategy to be successful. But, as with any market, Forex has trends and tricks that are very valuable to know. Most often the best source of information for these things are traders who have first-hand experience. So, make solid connections with them whenever you can.

It is important to really evaluate yourself, your life, and your finances, BEFORE getting into Forex trading. Consider what would cause you great anxiety, what you can afford to be playing with, and how much money you really have available outside of things like loans or mortgages. This will give you your risk levels.

Currency trading involves various types of trading strategies, but no matter who you are, you can always refine your strategy. Study and improve upon your own techniques to learn to trade on par with trading experts. With any luck, this list of tips gave you advice on how to do that.

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Tips For Making Money From Home On The Forex Market

People that start forex trading have a lot to learn before they can really start making money. It is important to get as much good information as possible in order to learn what to do. Read the following article for great advice on how to successfully trade currency on forex.

With the Forex market being gigantic, the rumor mill surrounding it is also enormous. Always make sure you're avoiding the hearsay and rumors surrounding certain currency pairs. Just look at what happens to investors every decade or so when markets collapse. Avoid this fate by sticking with what is tangible and ignoring the rumors.

Never add money to a losing trading in the foreign exchange markets. It might be tempting to add to a losing trade in hopes of a more lucrative payout, but the chances are good that the trade will just continue to lose. If a trade does start to show signs of succeeding, there will still be time to add to it.

As a beginning forex trader, a fast computer and Internet connection are essential. You're going to need to check the markets as often as possible, and things can change drastically in a heartbeat. Day traders need to stay as alert as possible to stay aware of rapid changes in the exchange.

A great forex trading tip is to try and learn what factors drive a certain currency. There are a number of things that can have a major influence on currency, such as, policy decisions and even political changes. Getting to know these factors will improve your chances of making smart decisions.

After you've learned about stop losses in Forex, you will understand the importance of protective stops. Even still, you will need to know how to effectively use them. One great tip to remember is to never place a protective stop on an obvious round number. Stops on long positions should only be placed below round numbers.

If you enter the Foreign Exchange Market afraid to invest and trade your money, you are going to lose your money. A Wall Street tycoon will tell you point blank that scared money never makes money, and that's the absolute truth. If you are scared to take the risk when opportunity presents itself, you're never going to earn a reward.

When investing in forex, define what your goals are. Do you know how much risk you're comfortable with? Do you know how much money you will invest and how regularly? Before getting involved in forex you've got to know yourself and what you want and expect from the markets.

When you first delve into the Forex markets, the large number of currency pairs available could tempt you into investing in several of them. Start with just a single currency pair to build a comfort level. You can increase the number of pairs you trade as you gain more experience. In this way, you can prevent any substantial losses.

To make money in foreign exchange trading, it is necessary to check the conditions of a certain currency before making a trade. This can be done by reading various news and political data associated to the country you choose to trade with. A country's currency is usually a reflection of the country itself.

Many experienced forex traders do not bother trading on Fridays. At the end of the week lots of the long-term traders in the market will be closing out their positions. This leads to extreme volatility. Trends on Fridays are hard to read and can rapidly reverse themselves. The Friday market is dangerous ground for the short-term trader.

If you are going to be investing a lot of money in forex, you should enroll in a money management class at a local college. This will help you to form a blueprint of what you want to achieve and learn to quit when behind. Proper money management is the key to maintaining success.

Confidence and patience are two major keys to currency trading success. A trader must have total confidence that they will succeed in the long term and have a belief in the decisions that they make. It is not necessary for traders to be in the market constantly to make money.

Every Forex trader, whether they are experienced or not, should formulate a plan and stick to it while trading. Setting up a plan allows you to successfully achieve your goals and can reduce some of the risk involved with trading. A well thought out plan can make your trading strategies much more effective.

If a forex signal software offers a 100 percent guarantee or claims that you can avoid taking any kind of risks, you are facing a fraud. Look for software that explains honestly what they do and how you can use this data to maximize your profits and make informed decisions.

When you choose a forex broker, pay attention to how much they take in commissions. This means that your broker will take a part of your profits, or of any amount that you invest. If you have found a broker with rather high commissions, you can probably find a cheaper way of trading.

After you have chosen your Forex trading plan and established your limits for winning and losing, stay the course. You will gain consistent knowledge if you give yourself consistent experience. You may want to make minor adjustments to your plan as you learn, but stick with your basic plan once you have established it by using your demo account as a learning tool.

Before investing your money into the forex market, practice first with a forex demo account. You want to develop solid trading skills and see if you have the necessary skills to make money in the demo market, before you do the real thing.

As mentioned above, there is a lot to learn when you start learning forex trading. In order to make money you need to get the right advice and use it. This article has some great tips in it that will help you with the trading process so you can be successful as soon as possible.

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Simple Strategies To Help You With Forex

The foreign exchange market, or forex market, can be a great place to invest your money, but like any market, it has its share of pitfalls. Too many traders jump right in without knowing what they are doing and end up losing their shirt. Before you start trading, read this advice.

It is always important that you learn from your successes and your failures. As with anything, you must take notes when you begin trading Forex. When something goes wrong, make sure you do not do that again. When something goes right, make sure you remember what you did to make everything end well.

When trading in the foreign exchange market, let your profits run as long as you safely can, but don't let your greed prevent you from being cautious. If you have made a significant profit on a trade already, withdraw some of the money from that trade to diversify into something else. You can never tell when a given market might crash.

It is smart to use stop loss when trading in the Forex market. Many new people tend to keep trading no matter what their loses are, hoping to make a profit. This is not a good idea. Stop loss will help anyone to handle their emotions better, and when people are calm, they tend to make better choices.

If you don't understand a currency, don't trade in it. Understanding the reasons behind why you are making a trade are paramount to a successful trade. A trade may look profitable from the outside, but if you don't understand the reasons behind it, you could lose out. Learn your currency pairs before risking money in the market.

To see the best results from your investment, stay in line with currency trends. A currency may seem oversold, but as long as it hasn't reached major support level, it remains a good investment choice. Sticking with trends will keep you from losing significant amounts of money, and will keep your profits strong.

When you get into forex market trading, first learn to read action in currency prices directly. There are many complex analytical tools and indicators available to forex traders. When you are starting out, though, it is better to get a feel for the raw action of the market. Leave the tricky formulas alone until you get experienced.

Keeping up to date with current world affairs can be a very good trait to have when using Forex. Political crisis such as wars, internal struggles, and many other things can reduce currency values. Also, things such as natural disasters that can be predicted, may reduce currency values. One should always stay current with what is going on in the world if they want to keep their investments safe.

A successful trader and an unsuccessful trader have a glaring difference. While the unsuccessful trader is ruined by a downswing, a successful one has the ability to weather the storm. When investing, never risk more than two or three percent of the total account. Several loses in a row is a quick road to ruin otherwise.

While lots of forex articles talk about the difference between "beginners" and "experienced traders," what you need to keep in mind is that learning forex is a process that never stops. Throughout your forex career you should strive to increase your knowledge of the process and your trading skills. Standing still can be no better than falling behind.

Understanding how to read the charts and analyze the financial data in forex can be the difference between success and failure. If you do not understand the numbers, you will not understand a good trade when you see one. This means you will ultimately fail, so make sure you're studying up on the numbers.

A useful tip for anyone new to the forex world is to analyze actual performance carefully and regularly. It is important to become familiar with price trends, trading methods and other fundamentals, but it is equally crucial to use one's actual transactional experience to learn from mistakes as well as from victories. By maintaining detailed trading records it will be possible to refine an overall strategy to achieve optimum success.

If a forex signal software offers a 100 percent guarantee or claims that you can avoid taking any kind of risks, you are facing a fraud. Look for software that explains honestly what they do and how you can use this data to maximize your profits and make informed decisions.

Forex trading, or foreign exchange trading, is designed to help investors make money through the swings in the value of foreign currencies. Using this you can make a few extra bucks, or even make a career. Do not start buying and trading before you have educated yourself about the market.

Forex trading can be extremely complicated, but it doesn't have to be. The main things you need for successful trading are knowledge, patience, commitment, and a good plan. By picking a simple strategy that is easy for you to follow and applying it sensibly and consistently, you can have lots of success with Forex trading.

If you are going to trade on Sunday night, watch out for 'slippage'. The market opens again on Sunday night, and rates of opening can be different from rates of closing. Your broker might be showing a rate that does not reflect the actual rate at which the exchange will be made. Losing money in this process is referred to as 'slippage'.

Set aside your emotions when trading. Don't trade too aggressively when trying to recoup a loss, and don't become too greedy when your positions are winning. Making too many trades can disrupt your strategy and increase your costs, while strong emotions can cloud your judgment and pressure you to take on too much risk. Staying calm and focused will help you get the best results.

Once you've learned the basics of trading on the forex market, it can be a great place to invest your money. A little education can go a long way in protecting you from big losses. If you apply the lessons you've learned from this article, you'll be a successful forex trader in no time.

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An Introduction to Cryptocurrency Trading: Risks and Rewards

Cryptocurrency trading refers to the buying and selling of digital currencies, such as Bitcoin, Ethereum, and Litecoin, on online exchanges with the aim of making a profit. Since the emergence of Bitcoin in 2009, the cryptocurrency market has grown exponentially, with hundreds of different cryptocurrencies now available. While the potential for high returns is a major attraction for many traders, the volatile and unregulated nature of the market also makes it a high-risk venture.

One of the key features of cryptocurrency trading is the use of blockchain technology. Blockchain is a decentralized, distributed ledger that records transactions on multiple computers, making it virtually impossible to tamper with or forge. This provides a level of security and transparency not found in traditional financial markets.

Another key aspect of cryptocurrency trading is the use of digital wallets. These are software programs that store the private keys used to access and manage a user's cryptocurrency holdings. Digital wallets come in various forms, including desktop, mobile, and hardware versions, and offer different levels of security and functionality.

The process of buying and selling cryptocurrencies on an exchange is relatively straightforward. After creating an account and verifying their identity, users can deposit funds into their account using a variety of methods, such as bank transfer or credit card. Once the funds are available, users can search for the cryptocurrency they want to buy, specify the amount they want to purchase, and submit their order. The exchange will then match the user's order with a seller, and the transaction will be executed automatically.

One of the biggest challenges for cryptocurrency traders is the volatility of the market. Prices can fluctuate wildly, and sudden changes in sentiment can cause sharp movements in price. This can make it difficult for traders to know when to buy and sell, and increases the risk of losses.

To mitigate this risk, many traders use technical analysis to make informed trading decisions. This involves using charting tools and indicators to identify patterns and trends in price data, and make predictions about where prices are likely to go in the future. Technical analysis is a complex field, and there are many different approaches and techniques that traders can use.

Another strategy that traders use to manage risk is diversification. This involves spreading investments across a range of different cryptocurrencies, rather than putting all of their eggs in one basket. By diversifying, traders can reduce the impact of any losses and maximize their potential gains.

Despite the challenges and risks, many people are drawn to cryptocurrency trading because of the potential for high returns. In the early days of Bitcoin, investors who bought the cryptocurrency at a low price and held onto it for a few years saw huge gains. However, it is important to remember that past performance is not a guarantee of future results, and that cryptocurrency trading is a high-risk venture that should only be undertaken by those with a strong understanding of the market and the ability to bear significant losses.

In conclusion, cryptocurrency trading is a complex and rapidly-evolving field that offers the potential for high returns, but also carries significant risks. By using technical analysis and diversification strategies, traders can mitigate some of these risks, but it is important to remember that the market is volatile and unpredictable. As with any investment, it is essential to do thorough research and carefully consider the potential rewards and risks before getting involved in cryptocurrency trading.

Disclaimer: This post has contains content generated from an AI assistant.

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How To Be The Best Forex Trader You Can

The foreign exchange market is more important to our daily lives than most people would ever realize. The forex market is used for the trading of foreign currency. This is essential for the economy of many nations. If you would like to trade currency in the forex market, then keep reading this article for tips.

Many Forex brokers offer demo accounts that the wise trader will take advantage of before committing to a broker. While such demo accounts do not make a trader any money, they allow prospective clients to experience a broker's user interface. Using a demo account lets a trader decide if a Forex broker's services are a good match for his or her trading style.

Practice new forex strategies on a simulator system before trying them out for real. Stop costly mistakes from ever happening. There are websites available that let people simulate actually trading. Before investing large amounts of money, pretend to spend the money and see if the deal would have turned out successful.

If you are thinking about getting into forex, educate yourself about the foreign exchange market and its history. This will give you a good foundation of the type of market that you will be dealing with and prepare you for some of the tough decisions that you will have to make.

To be successful in Forex trading, remember to follow trends. Rather than trying to beat the game, work with it. When the trend is up, it's not time to sell, and when the trend is down you don't want to buy. Trying to work against the trends will require more skill and attention, which will develop with more experience.

Don't get too comfortable with just one or two trading pairs in the forex market. A lot of people make the mistake of learning everything about one pair and sticking with it because they believe they will be able to predict the future. You can't predict the future of a currency, so make sure you keep yourself working on multiple pairs.

Make your account bigger by using gains to fund your forex account. Try to avoid making more deposits for a while, because you want to be sure that you are making a profit off your investments. By not making deposits, you minimize your risk and ensure that you aren't spending more than you can afford.

To keep track of exchange rates, you should of course check them on a daily basis but you can also look at statistics of exchange rates over the years. When something out of the ordinary happens, you should notice a fluctuation: the same kind of variation might happen again if a similar event occurs.

It is important for every forex trader to formulate a specific trading plan, stick with it diligently, and resist making decisions based on emotional factors. By adhering to a formal strategy, it is possible to avoid losses resulting from the sorts of irrational hunches or bouts of wishful thinking that can sometimes grip forex novices.

It is wise to go with the trend. If you notice a trend on the Forex market, play it safe and go with the trend. Trading against the trend does not necessarily mean that you are going to lose, but it is a very risky move to make and will take a toll on your nerves and require much more attention.

If you are not willing to take a lot of time to learn the ins and outs of the Forex market you are destined to come in with high hopes and leave without your shirt. These days the Forex market is a financial onslaught looking for uneducated traders to stop in their tracks.

Don't invest any money into your Forex account until you have had plenty of practice. Work on your demo account for a couple of months before you put your own money out there. Remember that the majority of traders do not succeed when they first start out with actual cash. The reason for this is simply that they haven't practiced enough, so make good use of your demo account.

Currency trading can be a very risky business and is not suited to all traders. Before leaping with boots and all into the trading pool it is wise to carefully consider whether this type of investment is for you. You could sustain a loss of the investment monies, so ensure that you never trade more than you can afford to lose.

To protect yourself from scams, be wary of any Forex "get rich" schemes. Profiting from Forex is challenging, and anything that promises you easy money is likely to be a deception. Research any company or product making big or outlandish claims. If their offer seems too good to be true, it probably is.

Forex International Trading Corporation is a New York City based firm that provides foreign currency market trading for a variety of non-US based clients through an online trading system. This system grants clients access to almost twenty currencies. Forex is also known for their production of demo style trading systems and various trading software as well which makes it useful in several ways.

Don't approach the forex market as if you were walking into a casino. Don't make trades just to see what happens or just to take a chance on a hunch. Long shots generally don't pay off, and trading without a measured plan of action is a recipe for losing money.

Do not over-do your dexterity. Most traders work with hourly trades, and this is for a good reason. While it is possible to do fifteen and thirty minute trades, they require having a constant eye on the market. Even a tiny restroom break can ruin a fifteen minute trade, so you may want to steer clear of these monumental tasks.

In conclusion, many people do not realize how important the foreign exchange market really is. Foreign currency is traded through the forex market, making the market essential for the economy of nations. Use the tips from the article above and you can begin trading foreign currency in the forex market.

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New To Forex? You Must Read These Tips!

Many people are becoming more interested in forex trading because it is a way to make some extra income, in today's challenging economic times. Although it is true that forex traders can make large sums of money in a short amount of time, forex traders can also lose money. For these reasons, it is important to research forex trading and learn how to be a successful trader before investing any money. Follow the advice in this article and you'll be on your way to becoming a successful forex trader.
When trading forex, be sure to keep a detailed log of all of your choices and transactions. This is important because not only is it important to analyze the market, but it is also important to analyze yourself for positive or negative trends. This way you can easily evaluate your performance and make changes if need be.

Make sure you stray away from get rich quick methods like Forex bots, magical techniques and other snake oil products. As with every outlet, products like this are all propaganda and hoopla. There is no easy way to get rich. Trading Forex should be done simply, calculating logically where you should invest.
Learning to spot trends in Forex is a great way to learn how to make a profit. It will take a little while to notice any trends through all the jumbled numbers you'll see, but once you learn to spot them you can then start making predictions, and hopefully making the right trades. If you see a trend, use it.
Take your expectations and knowledge and use them to your advantage when choosing an account package. It's important to accept your limits and work within them. Nobody learns how to trade well in a short period of time. Having a lower leverage can be much better compared to account types. To reduce the amount of risk involved in trading during the learning stage, small practice accounts are ideal. Start slowly to learn things about trading before you invest a lot of money.
When investing in forex, define what your goals are. Do you know how much risk you're comfortable with? Do you know how much money you will invest and how regularly? Before getting involved in forex you've got to know yourself and what you want and expect from the markets.
To make money, you need a good broker. You can find many different forex brokers: read reviews about them and try a few of them if necessary. A good broker should match your skill level and be easy to use. As you progress and learn more about trading, you might want to switch to a new broker.
Once you start making money, you should learn more about money management so that you keep on making money. You might be tempted to invest the money you make, which is a good thing. However, make sure you understand how to manage higher sums of money by minimizing your losses and maximizing the potential profits.

Just like with many other situations in life, if you are trading with Forex, it is important to try to stay calm. By stressing your self out, you may not make wise decisions and you could end up losing a lot of money. Also, try not to be too greedy.

Only invest in Forex if you have money to lose. What this means is do not use rent or mortgage money or money you would lose on food. Although you hope you will gain money, there is always a chance you could lose it and you do not want to find yourself in a bad position.

Every Forex pair has its own personality characteristics. Have the patience to trade only one currency pair at a time, and make sure you learn all about it. Stay up on the news about this pair, watching how it reacts to current events and forecasts of economic activity. Each currency pair has so many differences, and trading more than one could set you up for disaster.

When the Forex market in a particular currency pair is turning ugly do not be afraid to sell short. There is still money to be made in a bear market. Like any Forex trade, short selling relies on intimate familiarity with a currency pair's behavior. It is also little extra challenging because all short selling involves a reversal of habit.

Keep your eye on the country's interest rates. When the country has a rising interest rate, its currency will become stronger because more people will move their assets there to get a higher return. Conversely, a decrease in interest rates means a weaker currency. These movements will influence this currency's activity in the forex market.

More than likely, you will experience failure in the foreign exchange market at some point, whether it is a small failure or a big failure. When this failure happens, take note of the failure, and if the failure cannot be completely eliminated, then you should try to alleviate the failure. Exercise humility and patience

Some people try to learn forex trading by using no-risk demo forex trading accounts. But, don't make the mistake of thinking that your demo performance is going to match your real performance. Demo forex trading is a great way to learn the basics. But, when you have nothing to lose, you're not going to bet the same way you would on the real forex market, using real money that comes directly out of your pocket. Don't let demo trading fool you into thinking that trading on the real forex market is easy.

If you're unsure about the market's direction, don't trade! It's better to stay on the sidelines until the situation becomes more clear, because trading in an uncertain market is just gambling. Sitting out of a questionable market helps you preserve your capital to trade later when you find a better opportunity.

As was stated in the beginning of this article, forex trading is a way to make a lot of money in a very short amount of time. Because of the risks involved in forex training, before starting, it is wise to know the right way to trade forex. Apply the advice from this article to help you become a succesful forex trader.

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How To Be The Best Forex Trader You Can

How To Be The Best Forex Trader You Can

The foreign exchange market is more important to our daily lives than most people would ever realize. The forex market is used for the trading of foreign currency. This is essential for the economy of many nations. If you would like to trade currency in the forex market, then keep reading this article for tips.
Many Forex brokers offer demo accounts that the wise trader will take advantage of before committing to a broker. While such demo accounts do not make a trader any money, they allow prospective clients to experience a broker's user interface. Using a demo account lets a trader decide if a Forex broker's services are a good match for his or her trading style.
Practice new forex strategies on a simulator system before trying them out for real. Stop costly mistakes from ever happening. There are websites available that let people simulate actually trading. Before investing large amounts of money, pretend to spend the money and see if the deal would have turned out successful.
If you are thinking about getting into forex, educate yourself about the foreign exchange market and its history. This will give you a good foundation of the type of market that you will be dealing with and prepare you for some of the tough decisions that you will have to make.
To be successful in Forex trading, remember to follow trends. Rather than trying to beat the game, work with it. When the trend is up, it's not time to sell, and when the trend is down you don't want to buy. Trying to work against the trends will require more skill and attention, which will develop with more experience.
Don't get too comfortable with just one or two trading pairs in the forex market. A lot of people make the mistake of learning everything about one pair and sticking with it because they believe they will be able to predict the future. You can't predict the future of a currency, so make sure you keep yourself working on multiple pairs.
Make your account bigger by using gains to fund your forex account. Try to avoid making more deposits for a while, because you want to be sure that you are making a profit off your investments. By not making deposits, you minimize your risk and ensure that you aren't spending more than you can afford.
To keep track of exchange rates, you should of course check them on a daily basis but you can also look at statistics of exchange rates over the years. When something out of the ordinary happens, you should notice a fluctuation: the same kind of variation might happen again if a similar event occurs.
It is important for every forex trader to formulate a specific trading plan, stick with it diligently, and resist making decisions based on emotional factors. By adhering to a formal strategy, it is possible to avoid losses resulting from the sorts of irrational hunches or bouts of wishful thinking that can sometimes grip forex novices.
It is wise to go with the trend. If you notice a trend on the Forex market, play it safe and go with the trend. Trading against the trend does not necessarily mean that you are going to lose, but it is a very risky move to make and will take a toll on your nerves and require much more attention.
If you are not willing to take a lot of time to learn the ins and outs of the Forex market you are destined to come in with high hopes and leave without your shirt. These days the Forex market is a financial onslaught looking for uneducated traders to stop in their tracks.
Don't invest any money into your Forex account until you have had plenty of practice.
Work on your demo account for a couple of months before you put your own money out there. Remember that the majority of traders do not succeed when they first start out with actual cash. The reason for this is simply that they haven't practiced enough, so make good use of your demo account.
Currency trading can be a very risky business and is not suited to all traders. Before leaping with boots and all into the trading pool it is wise to carefully consider whether this type of investment is for you. You could sustain a loss of the investment monies, so ensure that you never trade more than you can afford to lose.
To protect yourself from scams, be wary of any Forex "get rich" schemes. Profiting from Forex is challenging, and anything that promises you easy money is likely to be a deception. Research any company or product making big or outlandish claims. If their offer seems too good to be true, it probably is.
Forex International Trading Corporation is a New York City based firm that provides foreign currency market trading for a variety of non-US based clients through an online trading system. This system grants clients access to almost twenty currencies. Forex is also known for their production of demo style trading systems and various trading software as well which makes it useful in several ways.
Don't approach the forex market as if you were walking into a casino. Don't make trades just to see what happens or just to take a chance on a hunch. Long shots generally don't pay off, and trading without a measured plan of action is a recipe for losing money.
Do not over-do your dexterity. Most traders work with hourly trades, and this is for a good reason. While it is possible to do fifteen and thirty minute trades, they require having a constant eye on the market. Even a tiny restroom break can ruin a fifteen minute trade, so you may want to steer clear of these monumental tasks.
In conclusion, many people do not realize how important the foreign exchange market really is. Foreign currency is traded through the forex market, making the market essential for the economy of nations. Use the tips from the article above and you can begin trading foreign currency in the forex market.

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How to start an IELTS essay

You need to write an effective introduction for IELTS writing task 2 in order to get a better band. As someone said ‘first impression is the last impression’, so is for writing as well. I will be discussing here the structure of a good introduction and things that you should avoid and things you should adopt.

Read this article How to start an IELTS essay, for more information.

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How to play guitar

Getting started with a guitar may be difficult but once you have gained the pace you would enjoy learning to play guitar. It is normal to feel a little daunting, but generally, if you keep these few things in mind, you’ll be off to a great start.

Read this article How to start playing guitar for a deep insight into playing guitar.

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What is MOOC

MOOC is acronym of Massive open online course. It's a new term but relatively old as refered to introduction of internet. Read the full article on What is MOOC on Hotchpotch Post.

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Top 10 Reasons to Volunteer

Volunteering has been one of the top most philanthropic work intricuded in late 19th century. This incresed in early 20th century when different organization started to promote.
Read the featured article Top 10 Reasons to Volunteer on Hotchpotch Post.

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9 Must-Read Books by Pakistani Authors

A Case of Exploding Mangoes by Mohammad Hanif

A Mohammad hanif classic considered to be one of the best novel written by a Pakistani author is a comic novel revolving surrounding the incident that killed General Zia ul Haq in the plane crash, A Case of Exploding Mangoes is a fictitious story of Ali Shigiri, a junior officer in Pakistan Air Force who is set to seek revenge for his father’s apparent suicide, which he blames on General Zia. The book won the Shakti Bhatt first book prize in 2008 and also grabbed a commonwealth book prize in best first book category.
Get it Here A Case of Exploding Mangoes

My Feudal Lord – Tehmeena Durrani

Tehmina Durrani’s My Feudal Lord is one of the biggest stirrers in Pakistan’s history. The book is an autobiography and revolves around Durrani’s life as the wife of Pakistan’s influential politician, former governor and Chief Minister Punjab Ghulam Mustafa Khar. The book was highly controversial and explored details of her marriage and unveiled how Khar mistreated her and how she had to run away barefoot to survive.
Get it Here My Feudal Lord: A Devastating Indictment of Women's Role in Muslim Society

Burnt Shadows – Kamila Shamsi

 Kamila Shamsi’s is one of versatile novalists not only in Pakistan but to me whole of asia .. Burnt Shadows traces the shared histories of two families, from the final days of the second world war in Japan, and India on the brink of partition in 1947, to Pakistan in the early 1980s, New York in the aftermath of 11 September and Afghanistan in the wake of the ensuing US bombing campaign. The book received the Anisfield-wolf award and was long listed for the prestigious Orange Prize for Fiction.
Get it Here Burnt Shadows: A Novel

Between Clay & Dust – Musharraf Ali Farooqi

Between Clay and Dust is about a wrestler and a tawaif, about two art forms that no longer hold the glory they once did. Set somewhere suggestive of post-partition Punjab, albeit in an area left ‘unscathed’ by ‘the ravaging winds of Partition’, the narrative is quiet, thoughtful and centered. Farooqi was among the five writers shortlisted for Asia’s most prestigious literary prize in 2012.
Get it Here 

Kartography by kamila shamsie

Kamila shamsie second entry in top 10 of this list but not surprisingly I had to put this one in this list. A love story with a family mystery at its heart, Kartography is a dazzling novel by a young writer of astonishing maturity and exhilarating style. Shamsie transports us to a world we have not often seen in fiction-vibrant, dangerous, sensuous Pakistan specially karachi. But even as she takes us far from the familiar, her story of passion and family secrets rings universally true.
Get it Here   

The Crow Eaters – Bapsi Sidhwa 

Set in the early 20^th century, The Crow Eater is an exuberant novel packed with witty humor. It describes the life of a Parsee family of Freddy Junglewalla who moves his family including a pregnant wife, baby daughter, and Jerbanoo, his stout mother-in-law from their ancestral forest home to cosmopolitan Lahore. He opens a store, and as his fortunes grow, so does the animosity between Freddy and his mother-in-law. While Freddy prospers under British rule, life with the domineering Jerbanoo is another matter entirely.
Get it Here 

Moth Smoke by mohsin hamid

8th on the list is Moshin Hamid’s debut novel moth smoke.  It portrays a contemporary Pakistan as far more vivid and disturbing than the exoticized images of South Asia familiar to most of the West. This debut novel establishes Mohsin Hamid as a writer of substance and imagination.
Get it Here 

Blasphemy by tehmina durrani 

In prose of great power and intensity, the author tells the tragic story of the beautiful Heer, brutalized and corrupted by Pir Sain, the man of God, whom she is married to when barely fifteen. But the nightmare she is locked into is not hers alone; it affects the entire clan that owes allegiance to the pir. In the Pir's haveli, unspeakable horrors are perpetrated every day and every night, all in the name of Allah. Sucked into the fetid hell of her lord's making, Heer loses her dignity, her freedom, even her humanity, till a terrible resolution gives her back to herself. 
Get it Here 

The Shadow of the Crescent Moon by Fatima Bhutto

Fatima Bhutto's stunning fiction debut begins and ends one rain swept Friday morning in Mir Ali, a small town in Pakistan's Tribal Areas close to the Afghan border. The Shadow of the Crescent Moon chronicles the lives of five young people trying to live and love in a world on fire. Individuals are pushed to make terrible choices. And, as the events of this single morning unfold, one woman is at the centre of it all.
Get it Here 

Read the book reviews here : Book Reviews 

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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Blogger vs Wordpress

“Blogger or Wordpress?” this is a common question among bloggers who are new to blogging. There is no hard and fast rule to choose the blogging platform. It depends on the preferences of the blogger. As of me I choose blogger when I started my first blog. But I won’t recommend blogger, instead I will do a simple comparison of Blogger and Wordpress here.

1.       Creating blog

On blogger you sign up with an email address, if you use your gmail account you don’t need to go for a lengthy sign up process rather a simple one. You will use the same gmail username and password.

Same with the wordpress, you need an email address or URL to sign up. Off course you need to fill the tiring sign up form.

2.       Ease of use

Blogger offers a simple layout and options so that you can work easily.

Wordpress on other side is a bit messy, it has all those fancy tabs and option you would see in a sci-fi movie. But it offers a lot of options to work on.

3.       Web Space

Bloggers gives you a web space of 1gb, which is simple very low. You would have to pay for additional space or use data that is located somewhere else.

Wordpress blogs comes with a web space of 3gb, which is quite enough for a starter. You can get more space by paying for it.

4.       Customization

Blogger is very primitive in case of customization. You are provided with very basic themes and customization. If you are good at programming or familiar with languages like HTML and XML you easily get free and paid templates for your blog.

Whereas wordpress has plethora of themes available at time of sign up. These themes are highly customizable. You can choose between the themes available on wordpress or get a free or paid theme available on web.

5.       Support

Blogger has a limited support available. You are left with very little choices to choose from.

On the other hand wordpress has an active support available. There are professionals as well who provide premium services for support.

6.       Security

Blogger comes with the google’s sturdy and robust secure platform. You don’t need to worry about the securing your blog against theft, spam or backups.

WordPress is pretty secure, but in the meantime it is a self-hosted, therefore you are responsible for security and backups.

Final Verdict

In this post we did a basic comparison of Blogger and Wordpress.  The fact still remains unclear which is better. Both comes with their own pros and cons. It is up to the specification and needs of blogger to choose over the two. 

Read Also: What is SEO

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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6 Reasons Why "Log Kya Kahenge" Shouldn't Matter

If you are an Pakistani , you must be very familiar with the phrase “Log kya kahenge”. How many times have you wanted to do something in your life that is not normally accepted in pakistan? – Drop out of college? Pursue a career as a interior designer or a fine artist? How many times has some or the other neighbour asked you when you are getting married? And deep down you wish that you could push all these judgmental hypocrites away and just follow your heart? Well its looks seemingly impossible to just ignore all these people in our society or I should say country.

This is a list of things about why you shouldn’t listen to “Log kya kahenge”:

1. Hanging out with the boys does not make the girl a 2 no. larki(that’s what we say in Pakistan)

Girls are “supposed” to marry boys and boys are “supposed” to marry girls. Oh but wait, you can’t hang out together, but oh yes you can get married to a stranger who liked your online profile. 

2. Choosing a career in Arts does not make you stupid

“Humara beta engineer ya doctor banega.” Because they don’t realize creativity and creating art is a science in itself. A career in a field other than science is also a career. So go make a career in dance, painting, photography or anything else that makes you happy and your job doesn’t seem as a burden.

3.Marrying people in your caste sect or religion does not guarantee happiness

How does it matter who you marry as long as they are human? (or in pakistan – trees, I guess?) Marry inside/outside/around your caste and religion and be happy because you will have that one “what-if” crossed off your list.

4. School->College->Job-> Marriage isn’t a mandatory rule to be followed

This cycle is carved onto your forehead. Break the chain! Go back to college to get another degree if you wish to! Or change your job or field if you are unhappy with it. You have one life – are you going to spend it the way others want you to, or come back as a ghost so that it will haunt you forever?

5. "Your time is limited, so don't waste it living someone else's life."

We thank Steve Jobs for giving us this gem of a line. Seriously, why on earth will you get into engineering because kashif’s bhai’s son did it?

6. in the end nobody really cares about you.

Well it’s a bitter truth even if we know nobody cares what you become still their voices are in our head consistently and we fear what they say and our own voice is drowned. 

Courtesy: Hotchpotch Post

Salim Khan

The author is a linguist and a creative writer.  He writes about social causes and sports. He can be reached at salimbsml@gmail.com








The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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Global warming entering into a crucial stage

Climate change is entering into a crucial stage. With 2'C set as limit by UN Climate change institution by 2100, we have reached the first half. The global temperature is set to enter 1'C global temperature increase after pre-industrial times by end of 2015.
Global temperatures in 2014 were just below 0.9'C. According to climate observatories 2015 was the hottest year of history. As we witnessed heatwaves, droughts and  floods hitting different part of the planet. Including heatwave observed in Europe after the catastrophic heatwave of 2003. Droughts hit different states of USA, California in most.
Read Also: What if we stop using fossil fuels?
Carbon dioxide the leading global warming cause, was noted to be higher than ever. With concentrations of 440 ppm. Which is two-third of maximum to limit global temperature increase by 2'C.
The temperature increase comes with 60cm increase in average sea-level rise. This may seem little but can inundate lots of coastal cities.

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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What is Search Engine Optimization - SEO

Search engine optimization (SEO) is the technique of affecting the visibility of a website in a search engine's natural or unpaid search results.

Search engines like Google have primary search results , where web pages and other content such as videos or local listings are shown and ranked based on what the search engine considers most relevant to users.

For more basic but also in-depth advice, “Periodic Table of SEO success” shown below, introduces you to all the key concepts you need to know:

As a companion to the table, Search Engine Land’s Guide To SEO explains the ranking factors in more depth, in a tutorial tips and advice on implementing them are provided on http://searchengineland.com/guide/what-is-seo.

Read Also: Blogger vs Wordpress

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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Hunza in Pictures (Flickr)

Hunza Before Sunrise

Sunrise in Hunza

Apples of Hunza

Mighty Karakoram Highway near Khunjerab Top

Moon Evenings in Hunza

Read also: Gilgit baltistan pictures

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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Eid in a Different Way

Eid (Eid ul Adha or Eid-e-Qurbani) is annual ritual performed by muslims for the world annually as based on lunar year. It is to commemorate the 4000 years old event in which Prophet Ibrahim offered his most beloved possession, his son Ismail for sacrifice upon God’s call. This event is called as qurbani in most countries, which translates as sacrifice in english.

In this ritual muslims sacrifice an animal, that is halaal, (whose meat is allowed to be eaten in Islamic teachings). Most of the time these animals include Cow/Bull, Goat, Sheep and sometimes Camel as well. This meat is divided in different ways. Most common of them is that, the meat is divided into 3 equal parts. First part is given to poor and oppressed living in vicinity, second part is distributed among relatives while third part is retained by the person who is performing this ritual.

Rituals are same in a religion but we see a different kind of Eid performed by people of Hunza, a valley in mountains of Karakoram range. I grow up reading different sort of Eid but performing a different. On the day of Eid in Hunza everybody gathers at Community centers located in their native villages after Eid’s prayer. All of the animals devoted for Qurbani are gathered as well. All of these animals are slaughtered one by one and meat is collected. This meat is not divided into 3 parts rather it is divided into number of households present in the vicinity of the community center, and is divided among them. No difference is seen between poor or rich, related or unrelated, everybody gets equal portion of the meat.

For some it may seems absurd but it is the real essence of sacrifice. Where the one sacrificing doesn’t believes in favouritism or nepotism. This is a model that every muslim needs to learn and replicate, rather than indulging in practices like show off by buying animals in prices above their worth. Islam teaches the same. It teaches us to be just and generous and  live a life in simplicity.

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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Microsoft announces two flagship phones, Lumia 950 and Lumia 950XL

Microsoft came up with flagship Lumia 950 and Lumia 950XL after a long break of 18 months. This is third of kind, as the announcement came after Apple and Google releasing their high end phones (Apple's Iphone 6S & 6S Plus, Google's Nexus 5X & 6P). These 6 phones are to be launched soon and it would be worth noticing the competition among theses internet giants.

When talking about specs Microsoft has done a good job but its matter of choice as well. The phones are backed by powerful OS Windows 10. As reported 5.2-inch Lumia 950 and 5.7-inch Lumia 950 XL are powerful devices: OLED screens (564ppi and 518ppi); octa-core and hexa-core processors — with "tablet class liquid cooling" technology; a 20-megapixel camera with triple LED flash. Pictures taken by these phones haven't been published yet.
The phones comes with a unique feature called Continuum, which lets you use a large-screen display and with a Display Dock, you can even plug in a keyboard and mouse and run a Windows-esque environment capable of using universal Windows 10 apps. It's not quite a PC replacement, but it is something no one else is offering.
The phones support USB type C for faster charging.
Here is a comparison of the new upcoming phones by Microsoft, Apple and Google:

NETWORK	Technology	GSM / HSPA / LTE	GSM / HSPA / LTE
	2G bands	GSM 850 / 900 / 1800 / 1900	GSM 850 / 900 / 1800 / 1900
	3G Network	HSDPA 850 / 900 / 1700(AWS) / 1900 / 2100	HSDPA 850 / 900 / 1700(AWS) / 1900 / 2100
	4G Network	LTE band 1(2100), 2(1900), 3(1800), 4(1700/2100), 5(850), 7(2600), 8(900), 12(700), 20(800), 28(700), 38(2600), 40(2300)	LTE band 1(2100), 2(1900), 3(1800), 4(1700/2100), 5(850), 7(2600), 8(900), 12(700), 17(700), 20(800), 28(700), 38(2600), 40(2300)
	Speed	HSPA 42.2/5.76 Mbps, LTE Cat6 300/50 Mbps	HSPA 42.2/5.76 Mbps, LTE Cat6 300/50 Mbps
	GPRS	Yes	Yes
	EDGE	Yes	Yes

LAUNCH	Announced	2015, October	2015, October
	Status	Coming soon. Exp. release 2015, November	Coming soon. Exp. release 2015, November

BODY	Dimensions	151.9 x 78.4 x 8.1 mm (5.98 x 3.09 x 0.32 in)	145 x 73.2 x 8.2 mm (5.71 x 2.88 x 0.32 in)
	Weight	165 g (5.82 oz)	150 g (5.29 oz)
	SIM	Nano-SIM	Nano-SIM

DISPLAY	Type	AMOLED capacitive touchscreen, 16M colors	AMOLED capacitive touchscreen, 16M colors
	Size	5.7 inches (~74.3% screen-to-body ratio)	5.2 inches (~70.5% screen-to-body ratio)
	Resolution	1440 x 2560 pixels (~518 ppi pixel density)	1440 x 2560 pixels (~564 ppi pixel density)
	Multitouch	Yes	Yes
	Protection	Corning Gorilla Glass 4	Corning Gorilla Glass 3
		- ClearBlack display	- ClearBlack display

PLATFORM	OS	Microsoft Windows 10	Microsoft Windows 10
	Chipset	Qualcomm MSM8994 Snapdragon 810	Qualcomm MSM8992 Snapdragon 808
	CPU	Quad-core 1.5 GHz Cortex-A53 & Quad-core 2 GHz Cortex-A57	Dual-core 1.82 GHz Cortex-A57 & quad-core 1.44 GHz Cortex-A53
	GPU	Adreno 430	Adreno 418

MEMORY	Card slot	microSD, up to 200 GB	microSD, up to 200 GB
	Internal	32 GB, 3 GB RAM	32 GB, 3 GB RAM

CAMERA	Primary	20 MP, 4992 х 3744 pixels, Carl Zeiss optics, optical image stabilization, autofocus, triple-LED RGB flash	20 MP, 4992 х 3744 pixels, Carl Zeiss optics, optical image stabilization, autofocus, triple-LED RGB flash
	Features	1/2.4'' sensor size, 1.12 µm pixel size, PureView technology, dual capture, geo-tagging, face detection, panorama, HDR	1/2.4'' sensor size, 1.12 µm pixel size, PureView technology, dual capture, geo-tagging, face detection, panorama, HDR
	Video	2160p@30fps, optical stabilization, stereo sound rec.	2160p@30fps, optical stabilization, stereo sound rec.
	Secondary	5 MP, 1080p	5 MP, 1080p

SOUND	Alert types	Vibration; MP3, WAV ringtones	Vibration; MP3, WAV ringtones
	Loudspeaker	Yes	Yes
	3.5mm jack	Yes	Yes

COMMS	WLAN	Wi-Fi 802.11 a/b/g/n/ac, dual-band, hotspot	Wi-Fi 802.11 a/b/g/n/ac, dual-band, hotspot
	Bluetooth	v4.1, A2DP	v4.1, A2DP
	GPS	Yes, with A-GPS, GLONASS, Beidou	Yes, with A-GPS, GLONASS, Beidou
	NFC	Yes	Yes
	Infrared port	No	No
	Radio	FM radio	FM radio
	USB	Type-C 1.0 reversible connector	Type-C 1.0 reversible connector

FEATURES	Sensors	Accelerometer, gyro, proximity, compass, barometer, sensor core	Accelerometer, gyro, proximity, compass, barometer, sensor core
	Messaging	SMS (threaded view), MMS, Email, Push Email, IM	SMS (threaded view), MMS, Email, Push Email, IM
	Browser	HTML5	HTML5
	Java	No	No
		- Wireless charging (Qi-enabled) - market dependent - Fast charging - Active noise cancellation with dedicated mic - MP3/WAV/eAAC+ player - MP4/H.265 player - OneDrive (15 GB cloud storage) - Document viewer - Video/photo editor	- Wireless charging (Qi-enabled) - market dependent - Fast charging - Active noise cancellation with dedicated mic - MP3/WAV/eAAC+ player - MP4/H.265 player - OneDrive (15 GB cloud storage) - Document viewer - Video/photo editor

BATTERY		Li-Ion 3340 mAh battery	Li-Ion 3000 mAh battery
	Stand-by	Up to 288 h (2G) / Up to 288 h (3G)	Up to 288 h (2G) / Up to 288 h (3G)
	Talk time	Up to 25 h (2G) / Up to 19 h (3G)	Up to 23 h (2G) / Up to 18 h (3G)
	Music play	Up to 75 h	Up to 67 h

MISC
	Colors	Black, White	Black, White
	Price group	9/10	8/10

The article originally appeared at Hothcpotch Post. It has been reproduced after taking permissions from Hotchpotch Post.

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