The Poker Doc Blog

Archive for April, 2009

Know How To Place Stop Loss?

by Hass67

Currency prices in the forex markets are always jumping up and down. Forex markets are volatile most of the time. In the short term, you will only find noise in the intra day forex market. This makes it difficult for new day traders to know how to put a stop loss. Most of the time, prices in forex markets jump 10-20 pips for no apparent reason.

The noise in the intraday market keeps on frustrating new day traders. They constantly find their stop losses being tripped even when the rates are going in the anticipated direction.

Most of the new day traders use a static 10-20 pip stop loss. This is an arbitrary choice many traders make. How about using a trailing stop? If you place the trailing stop loss too close; you will find your stop hit too early. And if you place it too far; you will have to forgo potential profits if the price retraces later on.

Sphere: Related Content

Automated Forex Trading

by Hass 67

Forex trading is being called the Recession Proof Business of 21st Century. Forex trading is becoming the best part time work at home opportunity. You only need a computer and a good internet connection to start trading forex from your kitchen table.

Forex market is quite different from the stock market. The stock market is less liquid as compared to the forex market. Stocks were traditionally seen as long term investments, where people buy stocks or a group of stocks in mutual funds and wait for them to appreciate and build in their retirement accounts.

Forex markets are open 24/5 meaning 24 hours, 5 days a week except on Saturday and Sunday. As compared to forex markets, stock markets have fixed hours usually from morning to evening. After the close of a stock exchange the trading on that stock exchange stops.

Sphere: Related Content

Trading Forex on Autopilot

by hass67

Stocks are showing volatility never seen before. Every day you hear news of blue chip stocks going down. Newspapers are filled with countless stories of big companies going bankrupt. Many investors have lost their savings in the recent stock market crash.

This bear market has not yet reached its bottom. It is expected that the stock market crisis is going to continue for a few more years. Many people have started forex trading.

Forex trading is becoming popular day by day. Do you know this that there is always a bull market in forex? Forex markets are different than stock markets. One currency goes down, another goes up. You profit from this by buying and selling a currency at the right time.

Forex trading can be difficult for a newbie. It takes time to learn and master a new thing. You need commitment and discipline to succeed. No doubt, forex markers are complex.

Sphere: Related Content

Polish Your Poker Skills With Online Poker

by Anand

It goes without saying that online poker is becoming more or less a rage amongst the masses in the online gambling world. It becomes barely credible that in what way, such a formatted game of chance has over-shadowed the others in a matter of just fifteen years. Online poker grabs the attention of incredible number of people which goes as good as in millions. Whether pros or novices all love to wager their hard-earned money on the online version of poker. But the count of rules also keeps on extending as the count of the kinds of game increases. Yet, there are a number of unanimous tactics which are required to be considered in order to brush up your play at online poker and keep on winnings come your way every time.

Sphere: Related Content

Free Picks and Sports Handicapping

by es4lsports

The huge industry of sports handicapping has emerged as a billion dollar business. On the internet handicappers flood websites with advertising about themselves.They will all use one method or the other. But,the Free Pick is the one and only constant that we see in sports handicapping advertisments.

The best friend or it could be the worst enemy of any sports handicapper is generally the dread free pick.This is a great asset and ploy for advertisement,to generate traffic.The public will visit the handicappers site not because of the handicapper but because of the Free Pick! The reason is if it’s free it’s for me! The public does not conern themselves with the purpose of the free pick. If the handicapper is hitti at a 65% clip the average player is more likely to purchase services. Simply put, they weren’t concerned where the free pick would lead them.Right to the sports handicapping service.

Sphere: Related Content

Beware of Forex Brokers

by Hass67

Forex traders need to know about their forex brokers if they want to really start trading forex trading. There are many myths and scams that need to be exposed. Many retail forex traders are too simpleton to understand the games the forex brokers play with them.

Retail forex market where small traders like you and I trade forex is different than the interbank forex market. Interbank forex market is where big banks, corporations, hedge fund and other institutional investors exchange currencies. It is only open to big players.

Retail forex market was developed after the advent of the internet. Retail forex brokers offer online margin accounts to retail forex traders like you and me who are small time players in a huge market. Retail forex market is loosely regulated that lets the forex brokers play games with small forex traders.

Sphere: Related Content

Forex Market Session

by Hass67

Stock trading and forex trading are altogether two totally different beasts. Stock exchanges are open only for a fixed time each day. You can only trade stocks during this time. On the other had the forex markets are open 24 hours, 5 days a week.

Continuous 24 hour action at the forex markets baffles many new traders. Forex markets have no central exchange. It is an Over the Counter (OTC) market that is spread over various locations in the world.

Now, how to provide a open and close session for each day so that you dont have to sit in front of your computer all day getting yourself exhausted. An ingenious way is to divide the day into three eight hour session.

Sphere: Related Content

Fundamental & Technical Analysis in Forex Trading

by Hass67

Forex trading is the new fad in the investing public. You will find many new gurus in the market paddling their courses. If these gurus had been so successful at forex trading they did not need to sell forex trading courses.

Forex trading is being shown as so easy that anyone with a computer and an internet connection can do it from the comfort of their homes. No doubt, you can now trade forex from anywhere in the world. The internet revolution has made retail forex trading possible.

No guru will ever tell you that only 5% of the new traders ever succeed in the long term. 95% will quit after a few months or within a year. Forex markets are like a battlefield. Only the best survive. There is no room for inexperienced traders. Forex markets are brutal and unforgiving to those who dont know how to swim.

Sphere: Related Content

« PREV PAGE -
NEXT PAGE »