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Most of us don’t perceive everyday car travel as a threat — it’s just the way you get where you’re going. But in fact, statistics from the Centers for Disease Control and Prevention show that motor vehicle crashes are the leading accidental killer of Americans, and the leading cause of death overall for Americans ages two to 34. In 2006, more than 42,000 people were killed in automobile accidents, according to a study by the U.S. Department of Transportation. The same study showed that more than 2.57 million were injured, at a cost of more than $200 billion. Continue Reading

If you consider Forex money management a boring distraction from the real fun of Forex trading, you’ve missed the whole point. Before you can make any real and consistent gains in the Forex, you must come to understand that money management is just as important as the trading part. One of the most essential ingredients of successful Forex trading is the unfailing use of money management techniques to minimize losses and protect your gains.

Before you even begin laying out money and making trades, you’ll want to decide on a set of Forex money management guidelines. Placing bets without any kind of safety net is irresponsible toward yourself and your family.

Successful traders recommend that you start small and gain a gut-level grasp of the markets before moving on to bigger bets. Hoping for a big score right at the beginning is the mark of a casino gambler, not an investor.
The best advice:
Keep your risk, right from the beginning, at about one percent or less of your total equity on any one trade. Keeping your risk low, in the one percent range, protects you if disaster strikes and you have a string of losses. You could actually survive 20 consecutive bad trades and still have 80 percent of your equity remaining. Taking tiny little one percent baby steps may seem boring, but it certainly beats being wiped out by a run of adverse trades. It will ensure that you’re still around to invest next week, next month and next year. It also helps you safely build confidence, judgment and experience.
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Forex Scalping is a strategy used in trading where the profits come from tiny shifts in the prices. They are normally very short-term strategies and in less than seconds you will be able to make money. Many of the Forex traders that use the “Scalping” strategy place stops and take profit.
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