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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