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By: Nial Fuller

Risk management is a topic that many forex traders do not take seriously enough. In fact, risk management is probably the single biggest factor that is over looked amongst forex traders and this is the biggest reason why 95% of them fail to make money over the long term. The reason that so many traders ignore managing their risk or developing a risk management plan is simply because they don’t feel like they need to. Many forex traders think that their system or their trading method is so accurate that they don’t need to manage their risk because they believe they will win on a very large percentage of their trades. The truth is that this is a false belief and it is simply emotional trading and illogical thinking as a result of fear and or greed. Professional forex traders understand that at best they will win on 60-70% of their trades, they understand they will lose on any where between 30-50% of their trades. If you knew you were going to lose something 50% of the time why would you not manage your risk? The simple answer is because novice forex traders do not understand the concept of position sizing and they are trading based off emotion.

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Forex Market Hours shows the ‘market hours’ of the major Foreign EXCHANGE markets. The major markets are London, New York, Tokyo and Sydney. There are some benefits in knowing the ‘trading hours’ of ForeX markets:

1. The first hour after a major market opens is considered very important and often indicates how the session might develop.
2. In periods when market ‘trading hours’ overlap, liquidity tends to increase as more traders participate in the FX market.

Everyone would like to find the best broker. Finding a good Forex broker for your Forex Currency Trading is a Must if you want to earn money.  You want to concentrate all of your energy in trading and doing Forex research instead of worrying about fake Forex systems or whether your Forex broker is cheating you. I have done a research to make your job a little easier.

Few things to consider when doing your Forex Broker research. Be sure that the broker has a physical contact address  and a phone number. Check this elements directly before sending any money.

1. Whether the broker is registered with financial regulating authorities. Check to see if they are registeredd with National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they are based in the US.  If the Forex Broker is based in the UK, check to see if they are registered with Financial Service Authority (FSA).

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