13.04.2018

How to start trading on Forex?

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So, you want to become a Forex trader – be your own boss, trade currencies, make a lot of money. The natural question is “Where to start?”. We prepared a simple answer! Below you will find several steps which will form a short way to your financial freedom. Please note that every step contains a link that offers a clear explanation what to do.     

 

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26.03.2018

“I can make up to 5 000 USD a day by trading ”. Interview with Edwin Shin, FBS trader from Korea

Edwin Shin is a successful trader and partner from South Korea, who started his trading career as a student and only in a few years became an example of  success that can be achieved through trading. 

At the moment of this interview Shin is 27 years old, lives in Incheon, South Korea, has a degree in Business marketing and a great acumen in finance. We asked him a few questions and he agreed to share some of his experience with us.

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16.03.2018

Nassim Taleb – a genius mathematician and trader

Nassim Nicholas Taleb is one of the finest original thinkers of modern era. He deserves all attention he gets as he made a bunch of money doing things that other people haven't done or haven’t even dared to do before.

This elitist, snooty rogue was born in 1960 in Amioun, Lebanon, a son of Dr. Najib Taleb, an oncologist and researcher in anthropology, and his wife Minerva Ghosn. His family rich and influential Greek Orthodox believers, a minority religion even in a country of minority religions. His grandfather and great-grandfather was deputy prime ministers, and his great-great-great-great grandfather was the governor of Ottoman Mount Lebanon.

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09.03.2018

Richard Dennis - a genius of commodity trading

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.

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02.03.2018

Ed Seykota - a patriarch of computer trading.

It’s not a secret that Forex market has incredibly changed over the past few decades. Technological evolution changed trading for good, but few know the people who stand behind this progress. Have you ever heard of Ed Seykota, a lustrous trader who brought IT solutions to Forex trading? His returns on capital compares to those achieved by Warren Buffett, George Soros or William J. O’Neil. He is among the trading gods with no doubt.

Edward Arthur Seykota was born in 1946 in the Netherlands, but at an early age immigrated with his family to the United States. His father tried himself as a stock trader and eventually became the first trading mentor for his son.

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28.02.2018

Best tips for Forex newcomers on how to trade safely

Learn how to start Forex trading and begin to move along the way to success.

Foreign exchange market attracts more and more new traders worldwide offering great opportunities and quite achievable real benefits. But profits that come with the trading can truly be gained only through significant experience, enormous self-discipline and really hard work. 

Some useful tips to get around the pitfalls of foreign exchange market and to reveal the potential of novice traders are given below.  

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27.02.2018

Top reasons to become a Forex trader

So many people dream of a successful start-up of beneficial business project, but they neither have business plan, nor considerable investment capital. This might be crucial for many business spheres, but not for Forex trading.

The Foreign Exchange Market is a global, worldwide, decentralized financial market for trading currencies. It has unique characteristics and properties that make it an attractive market for investors who want to optimize their profits. The Internet makes the process quick, convenient and very simple. Forex trading does involve risks, but alternative investments have better returns.

So, let’s discover the main reasons encouraging people to become Forex traders.

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26.02.2018

What anime can teach you about Forex trading

Have you noticed how many Forex strategies and Expert advisors either have names taken from anime or sound like they were taken from there? It seems that huge worldwide love for anime is only growing stronger. 

You could have noticed how it absorbs almost every part of our lives. Even huge brands like Amazon, Nike, McDonald's, Nissan, Sony, New Balance and many others recognized the influence of anime and sponsored many famous titles. 

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22.02.2018

Steven Cohen is a legendary trader of Forex market.

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.

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19.02.2018

Video Games vs Forex Trading

We were thinking on what to feature in our blog when one of our developers suggested we take a break and play a short match in League of Legends. How bad can it be, right? Well, surrender the game at 20 minutes kind of bad because we didn’t play for a couple of months and didn’t read the recent patch notes. At the same time our analyst traded and managed to make a couple of bucks while we were playing. 

And there we were, defeated and frustrated as he smiled at us with the sense of accomplishment. We decided to sit down, gather our thoughts on what trading and gaming have in common, and what are the pros and cons of both. What else can a person do after he was defeated, if not analyse what he did wrong? 

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