Dealing with Anxiety in the World of Forex Trading

Are you worried about the forex markets? Thinking that your portfolio isn’t going to be trading properly? It’s time to relax! That’s right, we said it — it’s time to relax and try not to take life too seriously!

How can we say that? How can we think that forex trading is a game?! We’re not saying any of that. We are saying that trading anxiety in the world of forex is something that you have to correct right away. if you worry too much about the way your trading portfolio is set up, you’ll end up making costly mistakes that will cost you big in the long run. It’s better to step back from time to time and make sure that you have the core concepts taken care of.

You have to forgive yourself for any mistakes you make as a trader. No one, not even the super traders, are going to have perfect days every day. There are times where mistakes are going to cost everyone from one point or another. What makes the difference is how you handle the mistakes. If you give up and don’t try to move on, you lose the ability to really be objective. You lose the ability to be strong in your decisions. You lose the power to truly control your destiny through sharp trading.

Sometimes people find that they really benefit from keeping a trading journal. It sounds silly, but being able to look back at your victories as well as your defeats can help you stay in the game a little longer.

This is a journey, and you have to be committed to going to the very end. Except there’s a secret that you probably have figured out by now — there’s never really going to be an “ending”. There’s always going to be a point where you will need to know more information. You will need more challenges. You will have times where you will succeed and wonder what else there really is. These feelings are all normal. You don’t want to go into the markets when you’re feeling upset. That’s going to cause you try to “win back” money that you lost, and that’s usually going to lead to even more losses.

So now is the time to unplug and assess where you are in the forex game. if you’re a solo trader, you might need to join a forum and bond with other forex players. Even though we think that advice in the forums tends to be a little hit or miss, there’s nothing hit or miss about being able to bond with players that have the same desires that you do.

There are people that will try to use your losses to get you to back out of the market completely. If you know that forex is really part of your overall blueprint, then there’s no reason to skip over it, is there? Not at all!

Hang in there, and don’t give up!

Break Out of the PPI Jail – Find Out More

When you wake up and realize that over the last few years of having your loan that there was something attached to it you were forced to pay for without receiving any benefits, it’s safe to say that you’re going to be very angry. You’re going to be very frustrated. You’re going to want to have this series of charges removed as soon as possible and your premiums returned to you. In other words, it can feel like being in jail.

That jail, so to speak, is called the PPI jail. Thankfully, there is a way to break out of that jail, but you might wonder what the fuss is all about.

Payment protection insurance, or PPI, was implemented as a way to give consumers protection in the event of a life change. We all know life tends to change on us in a matter of hours — if life is even feeling that generous. It can change in an instant, so what you feel about the world around you is very important. You don’t want to just give up before you’ve had a chance to really fight.

Getting a PPI legal team on your side will show the lenders that you mean business. They’re not going to be dealing with someone timidly asking them for the PPI money back without any interest attached to it (your compensation should include the interest as well,  just as if you had a savings account out). Instead, they will be dealing with legal professionals that have already been around the block a few times in the world of PPI. They know all of the questions to ask. In fact, most claim companies can get you multiple PPI claims. This is all done on a no win no fee basis. This means that there’s no upfront payment at all.

You will definitely be better off getting someone on your side. After all, who really wants to feel alone? Who wants to feel like they have no options left but to surrender? Nobody wants to feel that way.

Getting a great legal team on your side is the best way to unlock that money and make it work in your life. It’s better than thinking that it’s impossible to get things done at all, right? Trust in your legal team for the best results — good luck out there!

Choosing the Best Forex trading platform

If you have ever looked in to trading Forex, then you will be aware that there is a selection of fx trading platforms. It can be quite overwhelming and difficult, knowing which of these you should choose, especially if you have not got much experience of Forex.

A good place to start is to ask around friends and family and see if anyone you know has any experience of trading on various Forex platforms. They might be able to tell you about their experiences and this should not only help you understand more about them, but also help you to start deciding which you may like or dislike.

Another way to find out more is to see if you can find any reviews online. These will allow you to find out other people’s opinions on various trading platforms which could help to understand more about what they are like. A lot of negative comments are likely to steer you away from particular ones and lots of positives could lead you towards another. However, remember to understand that everyone has different opinions and so you need to bear in mind that what you might like, could be hated by someone else and so you should do some additional research yourself as well.

Try to come up with a short list of platforms that seem good and they go and look at them yourself. Find out more about them and how they work, look at how easy they are and things like that. This should give you enough information to be able to make up your own mind.

It can be worth trying out several in order to decide which you like the best. Reading reviews and things is one thing, but actually trying something out for yourself is completely different and you will get a much better idea of whether you like using it and whether it works for you.

It may seem rather time consuming to go through this long process but it is worth it. You will not have to wonder whether there are better platforms out there for one thing and you will know that you have chosen the best one for you. You will also find it easy to use and fun because you will have chosen one that is. Therefore spending that time looking will help you to be able to have a better Forex trading experience.

Following Forex Blogs Can Be Profitable

As a new forex investor, you’re going to be in for a lot of research! There’s just no getting around it — don’t fall victim to sites that tell you that you don’t have to research forex day in and day out. There are a lot of newcomers that are rushing in because they feel that forex is a quick way to riches. The forex market is the largest in the world, and there is a lot of money changing hands. You have to be aware of that and tread carefully. Just as you can indeed get good returns on your money, the market can turn on you within mere moments.

Yet what about blogs? The ones that are run by everyday forex traders can be a rich source of information for people that are trying to fit all of the pieces together. That doesn’t mean that you can skip the other portions of your research. Think of forex blogs as providing a gateway into what people are talking about and focusing on. You can run the terms that are used through Google to get a deeper understanding.

If you’re going to get excited about forex, then you might as well leverage it in a different way through the use of binary options. If you want the shortcut way to get in on this section of the market, you have to check out binary options signals. They aren’t nearly as expensive as you think, and it gives you a chance to see how the real players handle business.

It’s something that really makes sense when you think about it, but that doesn’t mean that it’s something that’s always going to be pleasant to do. You’re going to have to really focus on the bigger picture here from start to finish.

Not every site is going to tell you what you really need to know about forex. They might be promoting a product and trying to get a big affiliate sale, or they might be only focused on fast money.

forex investor
Read a blog for at least a month and see where the posts end up. If they seem to be nothing but pitches, then you already have your answer.

One other benefit to reading blogs is that you can find people that are on the same wavelength as you. Forex is still investing, and why should you invest in a vacuum or a bubble? No one likes that. It’s hard to find people offline in your area that are going to be interested in something as volatile as forex. That’s where you go outside your comfort zone and really reach out to people online. A simple email could yield a lot more than what you were hoping for. Why not check it out today?

Does Forex Still Make Sense in a Bad Economy

If you’re new to the world of forex, a bit of congratulations is still in order. Indeed, it’s all about making sure that you really do have a great experience with forex trading, but that will come in time. If you’re still wading through a few concepts and finding that you’re completely lost, don’t worry about it.

Need a resource that gets you in the game fast? Tired of searching through countless pages and still feeling as lost as you did at the beginning? Cut through the clutter and head over to

The truth is that a lot of people find themselves in the same position that you are. They worry that they will never catch up because they really are trying to take their time looking at things. On the other hand, do you really have to rest so carefully when there is really so much ground to cover?

Well, that depends on your own beliefs in the matter. If you want our opinion, you need to continue to push through your forex education on the fly and focus on getting a little better than you were yesterday.

One concept that has a lot of forex traders nervous is the economy. The truth is that forex is something that you do through all seasons — and that means that you will trade during a recession. This is where market sentiment really comes into play. Some people run for the hills when it comes to recession economies and the marketplaces, while other people rush in, looking for a way to capitalize on the markets. It’s all about perspective.

If you’re going to play forex during a time like this, trading smart is really important. You want to be doing a lot more charting than you would if the markets were doing great. You have to really ensure that you know your market inside and out. An error in judgment can really cost you big.

If you’re still new, you want to make sure that you’re entering your stop loss details more carefully. Double check to make sure that you can break out of any position that you open. This will minimize your losses. Continue reading

Get Good At Forex Options Trading – That’s Where the Money Is!

If there’s one thing that you need to focus on as an investor, it’s knowing when the catch the wave — and when to let it go. When it comes to making money, it doesn’t get better than forex options trading. You need to make sure that you’re thinking about profit and consistency. This isn’t a side of investing that’s designed for the timid. You have to be bold in order to get big returns. That’s something that a lot of people will assume shouldn’t be the case. Maybe you should take your time. Unfortunately, the reality is that you have to think about the bad economy in terms of opportunities. Just because the economy as a whole is bad doesn’t mean that you can’t make your personal economy better. You have to think about all of your choices and then go with the one that matches your level of risk.

If you’re willing to go with some big swings, you’re going to absolutely love forex trading. Of course, it’s not for everyone. It’s all about managing your risk.

The biggest thing that you need to know about forex options trading is that they allow you to move currency pairs without actually buying them. What they give you is the right to purchase something from the option seller at a set price and time. This means that you might want to get an option to buy two lots of a EUR/USD pair at 1.3000 one month from now. This would be known as the EUR call / USD put (because you are going to simultaneously put in a buy and a put).

If EUR/USD surges up to 1.5000 — you’re in the money. You get two lots for 1.3000, which will leave you getting a nice profit. Of course, if the price drops below the original contract, then you lose only the premium.

This is risky, but definitely worth it. You’ll need to practice a few times before you really get into options trading but this is forex — it’s always about practice first. It also cannot be stressed enough — make sure that you really take the time to research before you just dive in. You’ll need to make sure that you’re actually going to make some profit here. It’s very easy to end up losing money on options trading because you aren’t aware of how the price is moving. You don’t get to just invest based on hunches — good charting is still a must!

A Fun Gambling Website That Has Its Ups and Downs

In my spare time I enjoy a bit of small stakes gambling. But after playing for a while, I tend to get bored with most of the games that are available online. I can only play virtual blackjack or bingo for so long before my eyes start to glaze over.

A few days ago I was visiting an online gambling review site and read about an intriguing new gambling website where you can win money playing games that are based on real financial markets around the world. Now this sounded interesting!

The site was called Golden Boys. I headed on over to to check it out. It was way cool! You can bet on all sorts of stock market games regardless of whether you are an experienced trader or a novice.

One really enjoyable game is “Tick Poker”, a multi-player table game where you match wits with other players trying to predict whether a particular market will be up or down in price after a 20 second period of play. Talk about rapid fire fun!

With Tick Poker you can wager on movement in a wide range of stock markets (the UK 100 Index, the German Stock Market, US Industrial Average, and more). Games are also available for currency futures (EUR/GBP, AUD/USD, etc.) and even commodity futures such as Gold, Platinum and Natural Gas.

I have to say though, my favorite Golden Boys game is the one they call “Up and Down”. As with Tick Poker, there are numerous markets to play – international stock markets, currency futures, and commodity futures. However, in this game you are playing against the house rather than the other players. You select a market and then wager whether it will be up or down at the end of a predetermined period of time that ranges from 1 to 30 minutes. You can also bet on whether the market price will be an even or an odd number. What makes it really interesting is that the prize for a correct wager varies, depending on overall market trends. It may sound complicated but it’s really not as you’ll see when you check it out.

Here’s another cool thing about the Golden Boys site. You can practice any of their games for free using Virtual Currency (VC for short) rather than real money. Then, once you are ready to begin playing “for real”, you will have become very comfortable with game play.

Please note that players must be 18 years of age or older and located in an eligible country.

Why not check it out for yourself? With the Golden Boys you can be a winner regardless of the ups and downs of the financial markets.

Understanding Fibonacci Ratios as They Relate to Forex

We have a secret for you: all of those old math lessons are coming back to get you, and you better be prepared if you’re going to trade in the world of forex. Thankfully, it’s just theory that will repeat itself over and over, so it’s really not the end of the world if you aren’t catching on as fast as you would like at first.

Let’s go into today’s math concept real quick: the Fibonacci ratio.  The term is named after Leonardo Fibonacci, a famous Italian mathematician.

Fibonacci discovered a series of numbers that corresponded to ratios that revealed the natural proportions of just about everything contained in the universe.

The number series was simply: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…well, you get the idea.

To repeat the numbers, you simply take one and then follow it with 2, then take 1 + 2 to make 3 — the third number in the series, then 2+3 to make 5 — the pattern just repeats itself to infinity and beyond. Not that we’re getting all cartoony on you! :)

What about that ratio issue? Well, let’s take two numbers from the series: 34 and 55. Fibonacci found that if you divide 34 by 55, you will get .618.

But you want to know what this has to do with your forex trading, right? Right!

These ratios turn into retracement and extension levels in the world of forex, and we use them as support and resistance areas. That’s really all you need to know, but we’ll go ahead and explain it a little better.

You see, you’re going to need to know when to back out of a trading position, and when to push forward. The more information you have, the easier it will be to push forward and get what you want in the long run. You also need to know when you have to back out of a trade in order to protect your profits.

The extension levels are designed to place profits before everything else.

Keep in mind that your charting software that comes with your forex package should be letting you set these Fibonacci points automatically. You don’t really have to calculate them by hand — the software’s job is to do that so you don’t have to worry about it.

As you get deeper into forex trading, you’ll see how all of these connections fit together. We’ll cover more on Fibonacci retracement levels next, so stay tuned!

Good Forex Strategy Gives You the Power to Build Consistent Profits

Everyone gets to a point where they need to start looking into all of their investing options. As you might have already found out, investing really is what you make of it. If you want to make sure that you’re going to be able to really make things happen, you’re going to have to take on some risk. Yes, there are ways to build wealth slowly over time, but if you’re reading forex guides chances are good that you need a little more speed and you’re willing to take on more risk to get where you ultimately want to be. Just as there are conservative options for people that really crave them, there are options for people that are drawn to high-risk, high reward situations.

Forex is really the place to be if you’re into that type of thing, but that doesn’t mean that you get to throw all types of caution to the wind and just do whatever seems to be right at the time. You’re going to actually want to make sure that you focus on the bigger picture and keep your wits about you. That’s the only real way to go when you’re serious about making the most out of your investing situation.

Now, are we saying that in order to embrace forex you’re going to have to jettison everything else you might have picked up in the investing world? Absolutely not. You will just need to make sure that you shift over into getting everything that you’re seeking to get with your new investing plan. Merging the two investment styles is the key to a well balanced portfolio. No one, not even a super forex junkie would tell you to just give up the conservative investment world and embrace forex to the point where all of your money is at stake. That just wouldn’t make sense!

In addition, you also need to make sure that you really do take the time to not only learn the basics of forex trading, but advanced concepts as well. Good forex trading is a matter of strategy. If you’re not looking at strategy, you’re going to have a really hard time making sure that you will be able to make consistent profits.

Is anything in investing guaranteed? Not at all. However, the closer you get to looking at the hard numbers and making decisions base don key market principles, the easier it will be to predict the type of returns that you’re going to get. It’s only when you try to follow every last little trend out there that trouble begins brewing on the horizon.

Good strategy comes from solid information. So you will need to make sure that you have access to a lot of data before you even make any decisions. The right forex platform truly means everything.