
<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	>

<channel>
	<title>FX Location</title>
	<atom:link href="http://www.fxlocation.com/?feed=rss2" rel="self" type="application/rss+xml" />
	<link>http://www.fxlocation.com</link>
	<description>Your online FOREX tips resource</description>
	<pubDate>Wed, 22 Apr 2009 14:33:53 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.7.1</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Is it possible to live on the profit earned on Forex?</title>
		<link>http://www.fxlocation.com/?p=29</link>
		<comments>http://www.fxlocation.com/?p=29#comments</comments>
		<pubDate>Wed, 22 Apr 2009 12:08:40 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.fxlocation.com/?p=29</guid>
		<description><![CDATA[This question can be paraphrased: does a job with a good salary exist? Yes, it exists. But to reach a high salary level it is required to work in a company for some time in order of getting into to the root of the matter. On Forex this situation is similar. If you expect to [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.fxlocation.com/wp-content/uploads/2009/04/earncashforleads.gif" alt="earncashforleads" title="earncashforleads" width="300" height="200" class="alignright size-full wp-image-30" />This question can be paraphrased: does a job with a good salary exist? Yes, it exists. But to reach a high salary level it is required to work in a company for some time in order of getting into to the root of the matter. On Forex this situation is similar. If you expect to gain profit on Forex market after a month of working – this means that you&#8217;re in deep illusion. If you understand this situation soon, you will lose less money. In my opinion, to bring oneself closer to profit making, it is required to pass through following steps.<br />
<span id="more-29"></span><br />
1. It is required to overtake the elements of technical analysis.</p>
<p>2. It is required to learn a feel of danger and to learn all the situations when it is unreasonable to open positions.</p>
<p>3. It is required to be able to find the points of market entering with minimal risks. A free training account with virtual funds will be enough to pass trough these three steps. And it is required to operate it at least one month. This will allow to form a strategy, to detect its weak points. Treat a virtual deposit with consideration, as if it was a small real one.</p>
<p>4. It is required to modify a nature of your behavior and to form new one. To enhance a trading strategy.</p>
<p>On this step you will need a small real account. In my opinion, a deposit that equals to 30% - 50% of your salary, would be enough. This amount will be enough to threat it quite seriously; meanwhile such a small amount would allow you to feel yourself rather comfortable with the exception of panics upon slight market movements against your position.</p>
<p>I strongly do not recommend opening a deposit at the expense of borrowed money; when you expect to double your deposit quickly and to return the debt. It is nearly not possible to get through such a psychological pressing. Furthermore, is you don’t possess a sum, required for deposit opening, doesn’t it mean that Life-Destiny itself doesn’t desire you to do it? Who does want to go against his own destiny?</p>
<p>This isn’t a courage, but a stupidity.</p>
<p>5. It is required to store specific experience.</p>
<p>Experience would allow you not only to successfully find a good point of entering and closing a position, but also to correct your errors with minimal losses or small profits. In addition, sometimes there are arising such situations when you intuitively see familiar models (patterns) of market and you unmistakably take a correct decision even without a deep technical analysis of the situation.</p>
<p>6. It is required to accumulate a rather big deposit.</p>
<p>Initially it is rather possible to double your small deposit while working on Forex market. If an expected market movement in 100 points corresponds to a profit of 20% of your initial deposit, in order to double your deposit, you will need just 500 points of profitable deals.</p>
<p>This situation is rather popular, as the cost of 1 lot is close to a sum, corresponding to 20% of a small deposit. From economical and mathematical points of view, such state of affairs is connected with super-risks (and superprofit), but it is rather acceptable, if the deposit doesn’t exceed single remuneration. But when it is talked about more essential amounts, then entering a position with amounts exceeding 10%, will be fatally dangerous for your deposit, and in a long-term outlook will lead to a catastrophe.  </p>
<p>Thereby the profitability of working on Forex market, with optimal correlation of profits and risks, equals to 10% - 15% of your deposit per month. </p>
<p>Though, if you proceed to the 6th step of Forex trading, you won’t feel any problems with lack of money on your deposit. There are many prosperous people in the world desiring to increase their capital. If you will really possess a profession of exchange trader, you won’t be left unnoticed. A high-level trader will be one of the most claimed specialists on labor market, until there would exist </p>
]]></content:encoded>
			<wfw:commentRss>http://www.fxlocation.com/?feed=rss2&amp;p=29</wfw:commentRss>
		</item>
		<item>
		<title>Is it easy to make money on Forex?</title>
		<link>http://www.fxlocation.com/?p=21</link>
		<comments>http://www.fxlocation.com/?p=21#comments</comments>
		<pubDate>Fri, 10 Apr 2009 06:01:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.fxlocation.com/?p=21</guid>
		<description><![CDATA[For many years the pattern of Forex market was developed as a source of easy and big money. In fact this situation develops rather successful and such a pattern grows with each opening of a dealing center. This situation is rather logical, as new unskilled customers “feed” with own money the directorate of a dealing [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.fxlocation.com/wp-content/uploads/2009/04/what-is-forex-trading2.jpg" alt="what-is-forex-trading2" title="what-is-forex-trading2" width="207" height="160" class="alignleft size-full wp-image-27" />For many years the pattern of Forex market was developed as a source of easy and big money. In fact this situation develops rather successful and such a pattern grows with each opening of a dealing center. This situation is rather logical, as new unskilled customers “feed” with own money the directorate of a dealing center. In my opinion, such an outrage can continue endlessly. </p>
<p>Do not trust advertisement. Working at exchange is a rather difficult job. The reason is in extreme individualization of performed work. While in ordinary business in order of income support of a company there are employed a hundreds of workers, in Forex trading all the profits and losses depend on a single person – a trader, an administer of deposit account. If anybody in a big company makes a mistake, he will be secured by more experienced worker or administer, and such a mistake can hardly lead to a catastrophic effect. Trader, while working on Forex, is free from any authorities, but all he takes all the responsibility on his own shoulders.<br />
<span id="more-21"></span><br />
In order to master any &#8220;office job&#8221;, it is required to have a specific ability to think. In case of existence of specific talents, a person can successfully advance through a job ladder. If it is talked about some handicraft, then you will have to possess specific skills of your body control (ex. your arms). </p>
<p>The situation on Forex is radically different. Lion&#8217;s share of self-cultivation will be directed not on the body or intellect. In order to learn to keep mental equilibrium, you will have to transform your feelings, emotions; you will have to modify some aspects of your behavior. Forming such characters as self-control, freedom from greediness, anger, avidity, despondency is a very difficult and long-dated matter, even within the limits of Forex. Eastern religions teach to start from &#8220;yourself&#8221; in solving such difficult problems. This means you should find all the causes in your own shortcomings. While in a real life it is rather difficult to notice a source of your life peripeteias, in Forex market everything is extremely obvious: if you enter position with a single desire of earning 100 points, you will rather loose them.  </p>
<p>What is the motivation of beginning trader while opening a position? Wow! Now the market will fluctuate and it would be easy to earn much!!! Experienced traders go the other way. Of course they are not indifferent to profit, but position opening was dictated by optimal conditions solely. The volume of profit gained from specific deal interests them just a little. Experienced trader, as a thoughtful gardener, picks only ripe fruits – optimal points of opening and closure. </p>
<p>Thereby the main difficulty of working on Forex is that beginning traders will have to find new, hardly achievable kinds of personality in themselves. Meanwhile there are many fields of activity with a quite enough level of salary and without need of self-developing. </p>
]]></content:encoded>
			<wfw:commentRss>http://www.fxlocation.com/?feed=rss2&amp;p=21</wfw:commentRss>
		</item>
		<item>
		<title>How long it is required to sit in front of a PC monitor, tracking movements of exchange rates?</title>
		<link>http://www.fxlocation.com/?p=16</link>
		<comments>http://www.fxlocation.com/?p=16#comments</comments>
		<pubDate>Sun, 29 Mar 2009 11:53:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.fxlocation.com/?p=16</guid>
		<description><![CDATA[Traders possessing high skill levels in the field of technical analysis can afford themselves to execute multiple deals earning up to 300 points per day. At first sight it seems that everything goes the way it should be, but such way of Forex trading can be compared with performance of acrobatic elements by figure skaters [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.fxlocation.com/wp-content/uploads/2009/04/xcvzxc.jpg" alt="xcvzxc" title="xcvzxc" width="200" height="144" class="alignright size-full wp-image-19" />Traders possessing high skill levels in the field of technical analysis can afford themselves to execute multiple deals earning up to 300 points per day. At first sight it seems that everything goes the way it should be, but such way of Forex trading can be compared with performance of acrobatic elements by figure skaters or gymnasts. This activity is a daily routine for professional athletes, but for mere mortals it can be rather fatal. In trading the situation is similar. For a beginning trader&#8230; such an extreme would be of no eathly use.<br />
<span id="more-16"></span><br />
      It is much safer to enter a market just in points of the most prognosticated market movements: points of intersection of long-dated and medium-dated channels, strong support or opposition levels and etc. Though such situations are generated from several times per week or several times per month, this would be sufficient to gain a small but stable profit. Furthermore there is no necessity to sit continually in front of a PC, tracking slight price fluctuations.  </p>
]]></content:encoded>
			<wfw:commentRss>http://www.fxlocation.com/?feed=rss2&amp;p=16</wfw:commentRss>
		</item>
	</channel>
</rss>
