"Today, the Fed is the star-rushing the field with new and exotic games of finance: Quantitative Easing, the Greenspan Put, and entirely possible Negative Interest Rates in the future. All this because the executive and legislative branches seem unwilling to take responsibility for the budget." -Shawn Lucas
7. “Judge me by my size, do you?” The Empire Strikes Back
Yoda may not look like a formidable foe, but that’s a little green guy you do not want to mess with! This quote is from when Yoda explains to Luke Skywalker that while he might be small, he is an ally to the Force-which is strong and flows through everything. The Force is power, and when a Jedi can feel the Force surrounding them and connecting them to something as trivial as the trees in the forest or the rocks resting in the swamp, then they become powerful as well.
Before developing trading skill, a Forex trader must master money management. How are we supposed to grow our capital if we don’t learn to protect it first?
One of the neat things about trading Forex is that you can do it from anywhere. As long as you have a computer and a solid internet connection, it doesn't matter where in the world you happen to be; you can log on and make some pips. That being said, because of this global market, it can be tricky getting the timing right.
While viewing a chart, you are actually looking at two different prices: a historical price and a current price.
A fresh chart on Apiary Fund's Alveo trading platform initially shows historical data.
Once a chart is open, Alveo starts receiving “Current Price” data from our “Quote Server.” Apiary Fund has multiple liquidity providers who send their current price quote to our Quote Server which collects and organizes the different quotes, finds the best price, then broadcasts it to your computer. The quote servers feeding Alveo are built to send every quote they receive into the platform.When you first open a chart to trade, you won't have instant access to the current prices. Instead, the chart is back filled with historical data, or previous movements of price action. In Alveo, we fill the chart with data from our "Historic Data" server.
Proprietary trading has been around for decades. However, while the concept isn't new, the structures of today's proprietary trading firms are as varied as the selection of cereal at your local grocery store. Generally, proprietary trading firms, or prop shops, are focused on finding professional traders who can manage the firm’s assets. The structure provided by a proprietary trading group is great for the professional trader who knows how the industry works, but there are some hidden pitfalls for the semi-pro or greenie trader looking for the right proprietary trading firm. In this post from the Apiary Fund, I’d like to go over a few elements common to most prop shops, and show you how the Apiary Fund’s unique model compares.
In this article we are going to discuss non-directional markets, their sources as well as what to do with them. First, however, we need to define them.
So what is a non-directional market?
Imagine you're trading the EUR/USD. After you perform some market analysis, you belive that the currency pair is going to strengthen so you go long on the EUR/USD. Another day, you might believe that it is going to drop, so you would short the currency pair. These would be an example of directional trading because the trader is taking a fairly confident stance on which direction the trend is going to go. In non-directional markets, you'll notice that the trend doesn't take a clear stance; rather, it moves sideways.
You've probably heard the term, "It takes money to make money." One of the first things you should look at when getting involed with the Forex markets are the costs. While there are many costs to trading forex, most costs are categorized in three ways:
Explicit Costs, Implicit Costs and Optional Costs
Risk management is essential to profitable trading. No matter how good your trading strategy is you're going to experience losses. As Forex traders, we know that we don't need to fear taking a loss. However, if you don't manage a losing trade then you're going to find yourself in trouble pretty quickly.
It’s a sad fact that most people go about learning to trade with flawed, self-destructive expectations. If you don’t approach learning with the right expectations, then success will always remain beyond your reach – irrespective of your desire, how hard you work, or what other resources you bring to the table.
If you want to become a successful trader and realize the wealth and freedom you desire and deserve, then you are going to have to adjust your expectations! Trading is a profession – plain and simple – and just like any other profession the road to mastery is marked by incremental achievements based on realistic expectations.