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Forex Forum for Forex Trading Education

I think that one of the most important things that people fail to realise, that in the end of the day, all trading, in all areas, no matter which

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Forex Forum Tips How to Be a Forex Trader

Fri, 07 Aug 2009 21:42:00 +0000

If you want to know how to become a Forex trader from home and make a valuable second income, then this article will point you in the right direction; simply follow the 3 simple steps enclosed and you can get on the road to Forex trading success.First lets start with a simple fact - 95% of all traders lose money but they don't lose because they can't learn to trade, they lose because they make fatal errors in their approach. For example forex news, a huge group of traders think they can get rich by making no effort and following a cheap robot but if these worked 95% of traders wouldn't lose money. To win you need to work smart and this leads me to my first steps to success.Get the right EducationYou don't need to work hard or even be clever, you just need to use a simple Forex trading strategy. You can educate yourself about the markets in a week or two but don't fall for the myth, you can predict the market, you can't. You are simply trading the odds in Forex and that means, using a Forex strategy based on the following:A simple Forex Trading Strategy based on the Reality of Price Change Your strategy should be based on just a few rules and parameters and should be very simple because - if you make it to complicated, it will have to many elements to break. Keep it nice and simple and trade the reality of price change and don't try and predict where prices may go. A good strategy to use to trade forex markets (which we have written on in other articles) is to follow and hold long term trends by buying breakouts to new highs. A[...]

Forex Forum Help for Automated Forex Trading

Fri, 07 Aug 2009 21:41:00 +0000

Foreign exchange trading also known as forex trading is an excellent choice of investment. It has been around for a very long time and generally involves buying and selling of currencies through a broker. It is a kind of business where you can earn huge profit when the value of the currency that you bought goes up. It is very similar to stock trading where the foreign currencies behave like shares of the currency institutions of the countries. As stock prices moves up or down, foreign currency exchange also move up and down with time-dependent instability.It's a market that is best described as virtual. Its presence can be felt only through existing telephone lines and internet connections. Before the arrival of the internet, earlier this market was much reserved for banks or massive private firms that had enough amounts to pour into their investments. But with their internet connection, it has allowed many average traders to enter into this lucrative market and make money. In recent times, this forex trading market has drawn many investors. Today forex trading has turned into a profitable business and considered as one of the best and prominent cash flow machine because of the following reasons: Liquidity- Looking at the present scenario, its liquid investment nature is one of the key reasons for gaining it tremendous popularity. It is one of the most liquid markets you can trade in. Here trading can be done in real time and investment decisions are rapidly changed depending upon the market movements. Being extremely liquid in nature investors can also easily withdraw his investments at any time relatively.Leverage: This is yet a&[...]