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Published on Saturday, June 4, 2011 by Ramiz
RULE #1 -
Use money you can aford to lose.
If you are trading with funds you need for some family project, you are doomed to failure. This is because you won’t be able to enjoy the mental freedom to make sound trading decisions.
Your trading funds should be viewed as money you are willing to lose. Your position should be carefully analyzed so you don’t... Read More »
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Published on Saturday, August 22, 2009 by Ramiz
Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major... Read More »