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For all of its numbers, charts and ratios, trading is more art than
science. And just as in artistic endeavors, there is talent involved,
but talent will only take you so far. The best traders hone their
skills through practice and discipline. They perform self analysis to
see what drives their trades and learn how to keep fear and greed out
of the equation.
|Although the foreign exchange market is often billed as a banker's game, currencies
can sometimes be great diversification for a portfolio that might have
hit a bit of a rut. It's a market that can also offer tremendous
opportunity when other global forums enter the doldrums.
The FOREX robot trading system is an automated computer software that
is marketed to users who have little or no knowledge of complex market
algorithms. The marketers claim that profits can be earned even when
you are not in front of the computer; acting like a money-making
machine that you just plug into the wall and will just keep churning
money out. Reading reviews will show you how to know if a robot trading
software is a scam or a legitimate product.
As the name says, the Forex trading platform is a place where you can
sell and buy the forex. This can also be called the forex-trading
station. All forex trading financial companies, banks, traders and
brokers will provide their own trading hub. These currency trading or
forex trading hubs use sophisticated software's, which have, can
perform various kinds of analysis such as technical and fundamental
How Did the Euro Trade in 2008?
one year ago, the Euro was trading at approximately 1.47 against the US
dollar, 5 percent higher than current levels. In 2008, this type of
move is considered mild especially when compared to the Euro’s 20
percent rally against the British pound and New Zealand dollar and 27
percent decline against the Japanese Yen. However the mild year over
year change in the EUR/USD masks a tremendous amount of volatility
during the year. In the first half of 2008, the EUR/USD soared to a
record high above 1.60. After that, it fell 22 percent to a 2 year low
but recovered more than half of those losses in the month of December.