Posts Tagged ‘gambling’

Forex Practice Trading (Part I)

Thursday, August 20th, 2009

The best way for new traders to get a handle on what currency trading is all about is to open a practice account. Almost every forex broker offers a free practice account to new clients. All you need to do is to sign up with any good forex broker.

Practice accounts give you the great chance to experience the forex market without losing your real money. You can see how the price changes at different times of the day. Practice accounts are funded with virtual money. So you are able to make trades with no real money at stake and gain experience in how margin trading works. The more you use the practice account, the more familiar you will become with how the forex market works. This will help build your confidence. Confidence is what you need when trading live.

Will Favre Actually Improve the Vikings?

Thursday, August 20th, 2009

It’s amazing. Just when he was officially retired once again, Brett Favre “un-retired”, agreeing to come back to Minnesota for two more years of football. This move is getting all kinds of media attention and generating excitement in Minnesota, but I really don’t see the big deal.

Favre will be 40 in October. How many quarterbacks lead their teams to Super Bowls at 40. He’s as durable as they come and he’s showed great longevity through his career, but still…

One of Baseball’s Most Overlooked Pitchers

Thursday, August 20th, 2009

There have been many great pitching seasons during the 2009 MLB season. The National League has especially had its great share of pitchers. While Lincecum, Cain, and Carpenter all get their due, Josh Johnson’s season has gone largely unnoticed.

Add Johnson’s stats to the fact that he had Tommy John surgery in late 2007, and everything becomes all the more impressive. How many pitchers can successfully recover from Tommy John surgery? Very few. And Johnson has bounced back, pitching the best baseball of his career ever since.

What is Rollover in Currency Markets?

Wednesday, August 19th, 2009

Rollovers are unique to the currency markets. Rollovers are transactions where an open position from one settlement date is rolled over to the next settlement date. Rollovers represent the intersection of interest rate markets and forex markets.

Rollover rates depend on the difference between the interest rates of the two currencies in the pair that you are trading. Only remember that what you are trading is in fact the good old cash. Dont forget currency is money after all.

Different Types of Market Orders (Part II)

Sunday, August 16th, 2009

Stop Loss Orders: Stop loss orders are critical to your trading survival. The traditional stop loss order does just that. It stops losses by closing out an open position that is losing money. Stop loss orders are used to limit losses if the market moves against your position. If you dont use stop loss orders, you are leaving yourself at the mercy of the markets. A dangerous proposition!

Different Types of Market Orders (Part I)

Saturday, August 15th, 2009

Forex markets are open 24 hours a day, five days a week except on weekends. You cannot sit in front of your computer screen all the day watching the markets move. Currency traders use market orders to catch market movements when they are not in front of their screens. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen.