Tuesday, July 15, 2008

trading

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Each forex trader must have his own strategy, we can’t rely on others strategies and forex signal, we can build up more profitable technique.
For me forex trading is not easy and it needs a good focus , but we can make profit by doing simple techniques and follow it. Don’t use difficult economic indicators, indicators describe the market and not predict it.
I develop a strategy which is not rely on news release, we can do that by closing a trade before a news release or open it after a news release, and by this way you will not be stopped out because a report came worse than your expectation. The main thing in forex trading is the entry point, good entry point leads us to profit, bad entry point leads us to loose. Maybe you hear a lot of traders telling you do not trade against the trend, and that’s right but it is not enough, you must know where to enter a trend , time is the most important.Forex trading gives you many chances, you must change your way of thinking slightly and see trading from a diverse viewpoint and have our own forex signal.

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some principles

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Do you want to increase your profit by applying some of the more important forex currency trading rules? Do it consistently with a suitable amount of discipline. Here are some of my principles that can help you improve your chances of success, practice them in your trading on a regular basis. Set up and practice specific goals. In forex trading, the primary goal is clearly to make money. Have a specific idea of what you want to achieve in your trading and the exact time frame you want to achieve it, make your efforts more focused. Develop your discipline and personal forex currency trading system. In order for any business to succeed it must have measurable goals that are both rational and possible. The common part of forex traders who often find themselves on the losing end of a trade make the same common and frequent mistakes.

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my experience

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Are you sick and tired watching your investments drop but at the same time others make money?Maybe you have read thousands of forex trading e-book but it doesn`t work and your forex trading systems failed.
Have you bought forex trading systems or methods and your trading outcome still were not up to scratch.Why you experience with unproductive results? I am using well known indicators which are offered in most free or fee based forex charts. Keep on trying is the rule that must be followed to become an expert in anything.
A forex trading method with a high winning percentage is reward psychologically, keeps your confidence high and enjoy trading. A string of profits will build your confidence. If you look for a system with no losing trades, forget trading and find a different trade or hobby. Losses have to kept small and wins should be larger than losses. Soon you will know how to “read’ the market better, when to let your profits run, how to use higher time frames to measure how price will react on lower time frame charts and how strategies can be implemented without buying any costly software or subscribing to expensive data services.

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