Myfxbook on Mobile

A trader is no longer the kind of person that sits in front of his computer all day keeping an eye on the market whilst he evaluates his next trade. The modern trader is constantly moving, sleeplessly interacting with the world but is still aware of everything that happens in the market without his computer screen right in front of him. Online trading has evolved with the times and has now become available through multiple mobile platforms.

Traders can now perform the same tasks they would for their trading through the swipe of their fingers. Mobile technology has elevated the way traders do business by providing them the freedom of going about their daily activities without having to return to their office at a certain time.

Mobile trading was one ground-breaking event for Forex trading, the next was the creation of Myfxbook. Myfxbook took the social media phenomenon that conquered human daily lives and made it forex oriented as the first global trading community in the industry. Traders have always had to be members of a silent elite community, now traders have

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Forex Trading in 10 simple Tips (Part 1)

Online Forex Trading is a worldwide phenomenon, the industry has taken the world of finance by storm and holds a staggering amount of $4 trillion traded daily which is why it’s no surprise that more and more people are becoming part of the boom every day. But you can’t become a successful forex trader in a day, Forex is unlike any other thing you may have experienced even if you come from a financial background. The rules of this game are different and the arena is a lot more complex. But what it does have in common with any other business activity is that there are only two outcomes, you will either win or you will lose and there is no middle ground. That’s why a trader needs to take the necessary steps into educating himself appropriately in order to face the forex world and come out on top.

Here are some tips for any trader to keep in mind when entering the Forex arena.

1. Save something for a rainy day.

Never under any circumstances should a trader or investor place all of his capital on his trades. Even though when forex trading is done right it can lead to some very attractive amounts, it’s quite often that the market can turn sour on you in a second so you must always have your trading budget completely separate from your living amount.

2. No one won by losing on purpose.

Forex trading in part has to do a lot with risk. A trader can never be successful without taking a few risks along the way, it’s also part of his own learning experience. However, sometimes a trade may be plated with gold only in the trader’s imagination, if the risk is too overwhelming the adrenaline rush on its own is simply not worth it. If a loss is bound to happen let it happen calmly instead of forcing it on your account.

3. Mind your own business.

From the moment you enter into the world of forex you are in this on your own and that’s the way it should be...

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