Welcome to Effective FX
Our mission at EffectiveFX is to provide you with the very best information and resources regarding Currency Trading and the Forex Markets. We strive to provide you with high quality content that will enhance your trading knowledge and your trading success. We want to take your FX trading to a new level of profitability.
The goal of EffectiveFX is to build a community of novice through expert traders eager to ask and answer questions, share tips and advice and act as peer support. We all know that trading the Currency Markets can be brutally tough. By being a member of this community you will have access to the very best quality tools and information, as well as meet other individuals that share the same passion for Currency Trading as you do.
To be part of this community, all you have to do is register. As a registered user you will have access to many features/resources that are not available to non registered users. We have a number of exciting enhancements planned that will make a difference in your trading success. So go ahead and register, be an active member of the community, share your thoughts and accomplishments in your Blog, write an article. There are thousands of traders out there that want to read what you have to write about.
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Home
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Forex Trading
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Friday, 20 October 2006 |
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A question asked by both professional and private traders alike I have been training traders for around 15 years and perhaps the most frequently asked question of all goes something like: "What parameters do you use for your moving averages?" My sincere and honest response is that I don't use any in my analysis and if I did there is no such thing as an optimum parameter … except in hindsight. However, hindsight is not much worth to us right now. |
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Forex Trading Systems
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Wednesday, 08 November 2006 |
Do you want to be in the top 5% of investors? Quick - grab a pen and paper and get writing. A trading plan can provide you with the sound framework that you need to succeed in the sharemarket. In this article, Louise Bedford highlights what to include in your plan, when to enter and exit your position in the sharemarket and the key to managing risk. |
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Money Management
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Tuesday, 15 August 2006 |
Not mastering risk and reward in trading is probably the main reason why so many traders and investors are destined to fail. It's really dumb when you think about it, because reward/risk is the easiest way to get a definable edge on the market house.
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Trading Psychology
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Monday, 28 August 2006 |
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What are Seven Key Areas that You Need to Work on to Become More Self-Aware? In my work with traders and investors I believe the most significant work that anyone can do to increase market returns is self work. Really understanding yourself and how you think can give you an edge that others in the market don't have.
As part of my Super Trader Program, I give a long questionnaire to each trader to do an evaluation of themselves. Some of the feedback that I get is that taking the test is like doing a Ph.D. program! It's that involved.
I consider the ten questions that I give my Super Traders to be the essence of this self-evaluation process— a minimum starting point for this type of work.
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Forex Broker
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Tuesday, 04 April 2006 |
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Choosing A Forex Broker
by: Geoff Turnbull With currency trading becoming ever more popular, the number of brokers is growing at a rapid rate. What should one look at when deciding which broker to open an account with? These are the important points to consider. |
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