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Some people still think Forex Market is a scam. Of course, it sounds ridiculous for traders and people with a degree in finance, but other people often take this statement seriously. Simple lack of understanding of economy may result in creating myths and lies about Forex, which unfortunately can discourage a lot of people with high potential.

“Forex is simply the market of the currencies. It is similar to real estate or auto market. You can’t say the auto market is a scam.” Robert Parker, CEO of Holborn Assets - Holistic Financial Planning Services, Dubai.

Money should work. Do you agree? These days, it has already become common knowledge that investing in stocks may significantly increase your capital. To start doing that, you need to learn some basics. In this article, we will review some issues of stock trading and tips on how to do that most effectively. 

There are plenty of opportunities to make money, you only need to pay attention. Phongphat Wetchakarn is a simple young man from Thailand, a former student and a trader in his part-time. He didn’t have a lot of trading experience, instead, he used his knowledge and common sense to make the most out of $123 bonus.

Investor, philanthropist, social activist, writer, the 56th richest person in the world, according to Forbes, and definitely the legend. Yeah, you have a hunch whom we are talking about. All these titles were given to the American financier George Soros, or it's better to say were deserved by this icon for 89 years of his life. You may call him as you prefer, but the crucial thing remains the same – he is a person whom people have discussed through the decades. Especially after that night when he earned a billion. Yeah, guys – one may lose count of zeros while writing this number.

How did Soros manage to do so? What else did he went through and achieved? And why people all over the world and the FX community, in particular, keep admiring this man? Today, we recall the story of the world-famous and probably the most generous trader of all time.

So many factors affect the financial markets that it's often impossible to correctly predict where the prices will move next. Many traders lose their hard-earned money because of unexpected price swings. Some shift to smaller time frames and turn to scalp trading to reduce the risk of exposure to significant price fluctuations.

In this article, you'll learn what scalping is, what indicators scalpers use, and how to apply these indicators in a scalping trading strategy.

We’re happy to share with you the best books about Forex trading, that will not only help beginners but also will give some valuable hints to experienced traders. Don’t forget to share it with your friends!

THE STORY OF THE JAPANESE HOUSEWIVES

This is the way a typical Japanese housewife is very likely to greet her husband returning home from work. What about cooking dinner? Well, this is not that crucial, especially as the delivery from the posh restaurants is not a problem after earning this amount.

When one thinks of a typical Forex trader, a Hollywood celebrity is the last image that crosses the mind. However, the history shows us the opposite – read on to find out which celebs know trading first-hand. 

Michelle Williams 

As unexpected as it may sound, the Golden Globe and Academy Award nominee used to be a successful trader – in 1997, Williams entered the Robbins World Cup Championship of Futures Trading and won it by turning $10,000 into $100,000.

Each newcomer wonders, what features a trader should have to achieve an outstanding success at Forex market. One thinks this over and over again, dreaming of incredible profits, while, sometimes educating of these skills take a lot of time and efforts. But, can you imagine that there are people who have innate trader’s instincts? That’s the case of the most powerful trader on Wall Street you surely never heard of. Steven Cohen is an American hedge fund manager who was ranked by Forbes at the 106th richest man in the world and the 35th overall in the United States. 

Steven Cohen was born in 1956 in Great Neck, New York, where his father was a dress manufacturer in Manhattan's garment district, and his mother was a part-time piano teacher. Growing up in big Jewish family among seven brothers and sisters, he got used to concentrate on the essentials from the very early childhood.

Nowadays the Internet is full of stories of ups and downs, successes and disappointments in the Forex market. One can find a few dozens of such stories that fit every taste. But you have hardly heard the incredible story of astonishingly rich, a genius and a pioneer of commodity trading, Richard Dennis.

Dennis’ story is the type of stuff for trading legends that can still fire the engines of aspiring traders today. This guy was around 23 years old and he was reported to have borrowed $1,600 and turned it into $200 million in about 10 years trading commodities. By the time he was 26 years old, he was already a millionaire trader.

So called “Prince of the Pit” was born on the South Side of Chicago in 1949 in quite poor Irish-catholic family, where only father worked as utilities cleaner. Dennis became an order runner on the trading floor of the Chicago Mercantile Exchange at age 17. A few years later, he began trading for his own account at the MidAmerica Commodity Exchange, an entry-level floor where "mini" contracts were traded. To circumvent a rule requiring traders to be at least twenty-one years of age, he worked as his own runner, and hired his father, who traded in his stead in the pit. That’s how he got his moniker.

We bet you want to be safe and protected from the world troubles. You would preferably curl up in a cozy armchair of a family house and have somebody by our side telling:

‘You are doing great! You will succeed. You are strong and capable. The whole universe knows it and is ready to welcome your special self.’