I have learned a lot of thing to be a successful trader, being a successful trader takes a more than having big money. It does not matter whether you have time and desire. You must be willing to learn and study hard at least to know hoe the business work if you do this that will determine your success or failure in the business. But I want you to know that forex is a wonderful business that can make you big money with a small investment. These are the 3 powerful secrets I want to talk about today. 1) Information: - A trader that wants to invest in forex must first have adequate knowledge of the business; I mean you must have all the information about the business. You must know the rules of the business because it's impossible to play a game without knowing the rules of the game, you will discover that you are loosing without knowing. Get the best information from the people that know how it works, read books that teach on how to invest and make profit out of the business. 2) Register with a broker: - What I mean is that you must have company you are doing business with and that's your broker. But you must make a little research to be sure about the broker you want to choose, because if you choose a wrong broker and something bad happen along the line you will think the business is not real. There is a way to know a good broker or a bad broker but I wilt el you to ask the people in that business already to guide you with a good broker. 3) Demo trade: - This is important because practice made perfect but without practice it's impossible to be perfect. See you need to practice very well because in your practice period you are going to learn a lot and it will also prepare you and your confidence, even your emotion will be checked. So when you practice you will discover how forex trading look like and it help you to be emotionally balanced.
I hope all these 3 point helps you as a beginner, keep discovering to recover thanks.
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
Friday, March 5, 2010
Monday, March 1, 2010
4 BEST STEPS IN GLOBAL FOREX MARKET. by idowu samuel
Be the best in global forex trading by following these steps I am given you and a lot of people will see you as an expert and ask you for advice if you can follow the steps:
1) Creativity & Thinking ability: I will advice you that before you enter into any market, regardless of the volatility. First sit down and think, analyze and be creative before the trade. Before you enter the trade makes sure you are emotionally balance and calm at the same time creative. And make sure you control yourself 100% because anything that has to do with money can cause emotional disturb but make sure you overcome that emotion and be balance before entering into any trade also always ask yourself a question. Am I calm? Am I balance? If you are convinced that your answer is "Yes" then you can go and enter the trade and follow your thought and plan.
2) Locate sides to go: - Trading is locating sides to go, that means to buy and when to sell or when to take long and short. Don't be confused taking long and short is the same as buying and selling. If you can locate where the price is going and follow it you will be making big profit out of the market. Just be in a right position at all time. As a trader you are afraid if the currency market is going up or down, because there is always an opportunity in up & down of the market what you need is to locate where the price is going and follow it and make big profit out of it.
3) Be methodology: - have or develop your own method of trading you can be a day trader or swing trader but you just have to discover yourself. If you are like me and like hearing the cash registering often then use day trading strategies. If you don't mind waiting for profits to accumulate over time then consider using swing trading strategies. It is very important to know the method you like most, and perfect your skills on that method.
4) Currency pair: - Have a better understanding about the pair of the currency you are trading because every currency pair has its own individual "personality", spread, liquidity. You have to have a better understanding of currency pair for better profit.
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
1) Creativity & Thinking ability: I will advice you that before you enter into any market, regardless of the volatility. First sit down and think, analyze and be creative before the trade. Before you enter the trade makes sure you are emotionally balance and calm at the same time creative. And make sure you control yourself 100% because anything that has to do with money can cause emotional disturb but make sure you overcome that emotion and be balance before entering into any trade also always ask yourself a question. Am I calm? Am I balance? If you are convinced that your answer is "Yes" then you can go and enter the trade and follow your thought and plan.
2) Locate sides to go: - Trading is locating sides to go, that means to buy and when to sell or when to take long and short. Don't be confused taking long and short is the same as buying and selling. If you can locate where the price is going and follow it you will be making big profit out of the market. Just be in a right position at all time. As a trader you are afraid if the currency market is going up or down, because there is always an opportunity in up & down of the market what you need is to locate where the price is going and follow it and make big profit out of it.
3) Be methodology: - have or develop your own method of trading you can be a day trader or swing trader but you just have to discover yourself. If you are like me and like hearing the cash registering often then use day trading strategies. If you don't mind waiting for profits to accumulate over time then consider using swing trading strategies. It is very important to know the method you like most, and perfect your skills on that method.
4) Currency pair: - Have a better understanding about the pair of the currency you are trading because every currency pair has its own individual "personality", spread, liquidity. You have to have a better understanding of currency pair for better profit.
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
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