Discipline, dispassion and trading the appropriate currency pairs based on your daily availability are the hallmarks of a successful part-time forex trader. For beginners, an automated trading program is considered the best way to break into forex trading, at least until there is a greater level of comfort with trading procedures.
However, there’s no guarantee that you’ll make a profit due to the volatile nature of currency markets. Smart, knowledgeable, experienced traders – and even beginners at forex trading – will have a better chance to profit if they follow the few simple principles described above.
Rules. No-one likes rules. But we all realize that if we didn’t follow traffic rules and stop at a red light, our streets would be chaos. If you want to have a successful personal budget, you have to follow the rules (in this case one simple rule). Many people believe that there are a lot […]
In this article we are going to talk about some of the common personal budgeting mistakes that people make when writing and trying to follow their personal budget. The following personal budgeting mistakes are some of the most common ones that cause people to or quit on or fail on their personal budget. 1) Not […]
There are so many personal finance programs and books on the market, trying to decide where to begin can make your head spin. Besides the myriad of options on the store bookshelves and online sites, there are dozens of popular, national programs that can cost hundreds of dollars. I’ve seen people spend over $100 to […]
Some of the most frequently asked personal finance questions during this difficult economy revolve around “how to budget”, “how to make a budget” and “how to live on a tight budget”. Budgeting your money successfully is crucial to flourishing in any type of economy, much less a tough one. There is a common misconception that […]