Saturday, March 26, 2011

My straightforward Forex Strategy

When I first started trading forex, I came up with the involved and involved plans to make money. Let's just say that things never turned out that way. When I decided to implement a easy forex strategy, I started to see benefit and success.

Practice With Your Demo Platform: It's marvelous how many citizen don't take benefit of these demo platforms that allow you to custom trading in the real forex market. This is the best the way to learn and test ideas without having to spend any of your money. Take full benefit of this tool and custom production trades until you feel comfortable with it. Be Calculated And Reflect Like A Poker Player: What you need to be is a cold calculated person. This means you're production trades with nothing more than numbers. Now, what I mean by poker player is from the point of reflection on a trade. If you ever played poker, you would have noticed that you made the best move, but just lost by the luck of the draw. You need to identify this same thing with forex trading. If you make the best moves, but end up losing, identify that you made a good move and 9 times out of 10 it would of gave you a profit. Conversely, if you make a bad move and it turns out to be profitable, identify that you made a bad move and the majority of the time you would have lost. Avoid Tiny Margins: If you're production small trades, for small profits than you're not going to do too well, because you're losing out on behalf because your broker needs to be paid too. At least make trades that are of a decent size, so your profits aren't all taken by your broker.

Forex Strategy

Well, this is my easy forex strategy. It is easy because easy works. Forex is an old business and there is no need to reinvent the wheel when it comes to profiting in this business.

My straightforward Forex Strategy

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