Victoria_Crowmberg's Blog
How To Be A Trader Part 1
Before you even start trading, you need to know what to expect from trading.Have realistic expectations, and understand the risks of trading. Set small goals. Don't shoot for the stars. Try to make $100 per week on a trading account of $5,000. That would be $400 per month, or 8% based on your capital. Per month!!!You might not achieve your weekly goal every week. There might be some weeks when you make less. Or you might even lose some money. But in the long run you should be ahead and see your …
Do You Really Want To Be a Trader
Trading is a business. It's a profession. And it takes time to learn how to trade.Anybody who tells you differently, is a liar. Sorry for being harsh, but it's the truth.You can't just buy "the magic system" that automatically puts money into your bank account overnight. It doesn't exist!Realistically, it can take you several weeks and and often even months before you have your first profitable trade. And in the beginning you might even lose some money, no matter how well you prepare. Because wh…
The Mindset of a Trader
Many people are intrigued by the idea of "making millions in minutes" while working from home or any place they want. No commute to work, no boss yelling at you, no deadlines, no annoying coworkers, no cubicles, no demanding customers.... and the list goes on.Often people dream of living in an exotic location, trading for a few hours in the morning and then enjoying life.And although this might be reality for some traders, the vast majority of traders have a different reality. They put in a lot …
Finance Ministry Will Deprive Ruble Of Support from Month-end
The Russian ruble will lose its usual support from monthly tax payments after the finance ministry starts buying foreign currencies on the open market to boost liquidity, Russia's deputy finance minister said Thursday.The ruble usually firms towards the end of every month as export-focused companies convert dollar and euro revenues into rubles to meet local tax duties. In the second half of 2013 however, the finance ministry will deprive the ruble of such support as it plans to start converting …
The U.S. Dollar: Too Much of a Good Thing?
The U.S. dollar really is everyone’s problem. There are more dollars in circulation worldwide than any other currency – perhaps more than all other currencies combined as a full two-thirds of the rest of the world’s foreign reserves are denominated in the U.S. dollar. It’s also true that two-thirds of all dollars circulate outside of the United States. They have long been the choice of exchange on the world’s black markets. The reason is because they are so recognizable and accepted everywhere e…