Forex Investment and Currency Trading

When it comes to trading, risk management is frequently an afterthought – that is, until you take a loss that you weren’t expecting. Suddenly, the wisdom of the ages is upon you, and you vow never to let it happen again.
By the way, who in her right mind would ever put on a trade expecting to take a loss, anyway? Sounds crazy, right? But all the experienced traders calculate the risk they’re facing in every trade before they ever enter it. It’s part of their decision-making DNA, and it goes a long way toward determining which trade opportunities they pursue [...]

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November 24 - Existing Home Sales (Survey: 5.00 million)
November 26 - New Home Sales (Survey: 440k)
Two recent trends are likely to remain in place with the release of the home sales reports for October. Over the past thirteen months, existing home sales have moved within a narrow 4.89 million – 5.18 million unit range. October sales likely also fell within that range. New home sales, however, have essentially been falling since August 2007. With the deterioration in credit and economic conditions over the past several months, some expect that October sales fell 18% to 380,000, lowest since 1982.
November 25
GDP (Survey: [...]

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We call these “beginner” trading mistakes, but they’re made by everyone – from total newcomers to grizzled market veterans. No matter how long you’ve been trading, you’re bound to experience lapses in trading discipline, whether they’re brought on by unusual market developments or emotional extremes.
The key is to develop an intuitive understanding of the major pitfalls of trading, so that you can recognize early on if you’re letting your discipline slip. If you start to see any of the following errors in your own trading, it’s probably a good idea to square up, step back from the market, and refocus [...]

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After you’ve identified a likely breakout point, you can use a resting stop-loss entry order placed just beyond the breakout level to get into a position when a breakout occurs. To get long for a break to the upside, you would leave a stop-loss entry order to buy at a price just above the upper level of the range or pattern. To get short for a break lower, you would leave a stop-loss entry order to sell at a price must below the lower of the range or pattern.
The appeal of using stop-loss entry orders is that you’re able to [...]

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