How To Trade In Forex? - Auto Forex Trader

October 16, 2011 by  
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How To Trade In Forex? - Auto Forex Trader

The Forex marketplace turns over more than a trillion Dollars each and every day. It used to be the case that this was an arena purely reserved for large financial institutions and professional traders. Over the last 10 years or so the market has been opened up. This means that anyone can trade Forex, from the veteran to the absolute beginner. There are many ways to learn how to trade in forex in order to boost your chances of being successful.

One of the easiest ways to trade Forex nowadays is by using an automated robot. These systems use a range of mathematical calculations and identify potentially profitable trades. It is not necessary to have any extensive knowledge of Forex trading in order to use these tools. If this is an option you are considering, it is paramount that you find one that suits your trading style.

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One of the oldest ways to trade in this marketplace and one of the most used by professionals is analysis. This involves a lot of knowledge and a certain amount of skill. There are in essence 2 methods for analysis of the Forex market, namely fundamental analysis and technical analysis. The former of these two methods relies on devouring knowledge about economic and political situations around the world. The latter method employs the use of previous market conditions to try and accurately predict the movement of current and future markets.

A lot of traders whether they are just starting out or have been trading for years turn to proven Forex strategies to help them identify potentially profitable trades. These have usually been tested and ensure that the employed strategy will result in successful trades on the marketplace. Many have been developed by veteran traders or those from a financial background.

One of the simplest ways to learn how to trade in forex is to take an online course. There are many of these available and many are priced very reasonably. You are provided with a range of materials that will help you to learn all about how to trade successfully in Forex. You can move at your own pace and practice the skills that you have learnt on a demo account before embarking on trading in the live market.

Learning how to trade in forex seems quite daunting as it appears that you have to have a lot of technical knowledge and get your head round a lot of jargon! In fact, learning about Forex is very easy after a little while and you will find that much of the knowledge you learn is down to having safe practices and minimizing the risks of losing your hard earned money.

Do you want to learn how to trade in Forex for profits? Read the author’s review of the Top 5 Forex Robot Traders on the web at http://www.review-best.com/forex-trading-robots-download.htm first!


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The Professional Forex Trader Robot Review

October 14, 2011 by  
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The Professional Forex Trader Robot Review

Before we get to the professional forex trader robot part, it’s important to understand how the forex market works. It’s also important to learn why a robot needs to replace a human trader. The robot is actually a script coded with a forex trading strategy.

Forex trading is a vast subject. But to sum it up in a nutshell, what happens is that currency traders buy and sell specific currency pairs and earn money from fluctuations in relative currency values. Buying into a currency pair is called an enter, and selling the position is an exit.

This is where the robot comes in - it can automatically enter and exit trades without need for human intervention. The trader finds a robot that has a script matching the trader’s strategy or favored currency pairs. The trader then uploads the robot script to the trading platform (Metatrader) and leaves the PC on 24/7.

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Knowing when to enter and exit trades is the most critical part of forex trading. So it is important to choose a robot that is bug-free and works as promised. The robot is not actually meant to completely replace the trader, but merely to supplement said trader’s efforts.

The forex market operates across time zones, so all the robot is required for is to replicate the trader’s strategy during periods when the trader is not around. Dozens of good robots and forex robot review sites are available to help find the good ones. It’s easy to find one which matches.

Also to be noted that good robots will prove very useful in the initial period after they’re put out on the market. Once the robot becomes too popular, it generates clones and it gets harder to make the same kind of automated profits as before. It is, therefore, just as important to keep an eye open for the professional forex trader robot that’s about to hit big time. I am personally making more than 10%-20% a month consistently using a Forex professional automatic trading system that I found online which you can find out more about at my website link below.

Do you want to learn about the Best Professional Forex Trading Systems and Robots? Read the author’s review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots-download.htm first!


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Become a Forex Trader - How to Achieve Forex Success

October 11, 2011 by  
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Become a Forex Trader - How to Achieve Forex Success

If you want to become a Forex trader and enjoy success you can, as everything about successful trading can be learned. While you can learn to be successful at Forex trading 95% of traders lose, so lets look at the mistakes they make and how to get on the road to Forex trading success.

The first point to keep firmly in mind is that you need to learn skills to win and most new traders don’t do this! They simply buy a cheap Forex Robot or Expert Advisor and think there going to win with no effort and they lose. These cheap software packages all see traders lose and if Forex trading success could really be achieved without effort, 95% of traders wouldn’t lose their money.

You have to learn skills and get confidence in what your doing, just like you do in any other profession and Forex trading is no different. The good news is you only need a simple strategy - simple strategies work best, because they are more robust than complex ones with fewer elements to break. You can learn a simple system which is soundly based and can make profits in just a couple of weeks. A great methodology to use is breakout trading; we don’t have time to discuss it in detail here so look up our other articles for full details of this simple, profitable strategy.

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The key point to keep in mind, if you want to become a successful Forex trader from home is that learning a Forex trading strategy which can make money is easy, the real key to success is to learn to apply it with discipline. Most traders don’t fail because they can’t learn a method but because they lack the discipline to apply it.

The reason they don’t have discipline is down to they cannot adopt the right mindset.

So why do they fail to get the wrong mindset?

The reason is they cannot accept losses and keep them small. In Forex trading, you need to accept you are going to lose for long periods, this doesn’t mean you can’t win long term you can but you must keep your losses small and run your profits to build wealth long term.

Most traders have an ego and when they lose, they start to get angry and frustrated, as the market gives them losses, its nothing personal yet, most traders instead of taking and keeping losses small, run them and hope they turn around, swap strategies or start to engage in revenge trading. This is their emotional side coming to the fore and as soon as it does and you don’t trade with discipline, you will lose.

Many successful traders lose 60 - 70% of their trades yet, still make huge profits long term, because they know there is nothing wrong with losing, so long as these losses are kept small, they can then run their winners and pile up huge gains.

If you want to become a Forex trader from home decide if you want to be right all the time or want to make profits, the market won’t allow you to do both, so choose the second option!

Learn a simple Forex trading strategy which will take you a couple of weeks or less and then focus on applying it with rigid discipline and you will soon be on the road to making great Forex profits in around 30 minutes a day or less.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential Forex info and more on how to Become a Forex Trader visit our website at: http://www.forextrendfollowing.com


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Become a Forex Trader - in 2 Weeks in 4 Simple Steps

October 10, 2011 by  
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Become a Forex Trader - in 2 Weeks in 4 Simple Steps

Here we will outline how you can learn to become a Forex trader in just two weeks and start enjoying currency trading success in around 30 minutes a day…

My idea for writing this article came from a famous experiment conducted by trading legend Richard Dennis. Dennis taught a group of people with no trading experience to trade in just 14 days and they went on to make several hundred million dollars.

Now I am not saying you will be as successful as this group - but it just goes to show that anyone can learn to trade and learn quickly.

Here are your simple 4 steps to Forex trading success.

1. Don’t go with the Crowd

95% of traders lose money and most think that Forex trading is easy, before the market gives them a lesson in the form of an equity wipe out. Most traders think they can buy a Forex robot and enjoy success - but these robots never produce the gains they claim they can and neither do the other sure fire systems sold.

In Forex trading if you want to make big money, you need to learn skills and how to apply them there is no short cut - but for the effort you need to put in you will be well rewarded.

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2. Work Smart not Hard

There is a myth you have to work hard - but you don’t. You get rewarded for being right not the effort you put in. The good news is you can learn Forex trading and build your own trading strategy for success in a few weeks.

The best way to do it is to learn Forex charting and get a system to catch and follow trends which we will look at next.

3. Use a Simple Trading System

In Forex trading simple systems work best and always have; as they are more robust, with fewer elements to break than complicated ones. In the experiment conducted by Richard Dennis, the traders used a simple, long term breakout system and this is an excellent choice for any novice trader.

Breakout trading is simple to understand, easy to do and if you focus on the big moves and trend follow, you can make some great long term profits.

4. Get the Right Mindset From the Start

Learning to trade Forex is easy but of course there is a hard part and that’s why the rewards are so high.

The hard part is trading your system with discipline.

In Forex trading you have to learn to lose and keep your losses small to win longer term and this is hard, as the market wrong foots you and hands you losses. It hurts our egos and our emotions can get involved but if they do, you won’t be able to apply your system with discipline. Without the discipline to apply your system, you simply don’t have one.

Of course if you have done the basics, have confidence in what you’re doing and really want to succeed, you will forget your ego and understand that taking your losses cheerfully and unemotionally, is the only way to win.

The Challenge you Can Win

You can learn to be a Forex Trader and you can enjoy currency trading success. Anyone can win with the right Forex education and the right attitude, so if you want to make a great second or even a life changing income, learn Forex trading the right way and win!

FREE ESSENTIAL FOREX TRADING PDF’s! + SUCCESSFUL FREE TRADING SYSTEM


For a complete resource on how to win and Essential trader Pdf’s and more on how to Learn Forex Trading and an exclusive RISK FREE Forex Trend Following Course visit our website.


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Become a Forex Trader - 10 Keys to Forex Trading Success

October 9, 2011 by  
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Become a Forex Trader - 10 Keys to Forex Trading Success

If you want to become a Forex trader and make big profits you can. If you understand the points in this article you will be on the road to Forex trading success in a few weeks and making big profits in just 30 minutes a day.

Here are the essential points you need to lead you to Forex trading success.

1.Work Smart Not Hard
You can easily learn to trade Forex in a few weeks and you then, only need to spend 30 minutes a day trading. In Forex trading, you don’t get rewarded for effort, just how much money you make. You don’t need to be a geek or have a college education to win, you just need the right education.

2.Do Not Use Forex Robots

Never be taken in by cheap Forex robots and so called Expert Advisors, who say you can get rich with no effort. If everyone could get rich by spending a hundred dollars or so, the whole world would be trading and not working - avoid these systems or you will lose.

3.Use a Simple Trading System

Simple systems work better than complex ones, as they are more robust with fewer elements to break so keep your simple too.

4.Do Not Try and Predict Forex Prices in Advance

You cannot predict where prices will go so don’t try. Instead, simply trade the reality of price change as it occurs on a Forex chart and a great strategy to use, is one based on breakouts. We have written frequently on this timeless strategy and its a great way to trade for novice or pro traders.

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5.Understand Money Management is Essential

There are lots of different ways to make money but all successful trading strategies have one thing in common - they all have good money management. They cut loses quickly and your strategy must too. You are going to have losses, so deal with them correctly and keep them small.

6.Don’t Follow News Stories

Don’t pay attention to the news, in Forex trading 95% of traders lose and the news always reflects the crowd and you will always see markets collapse when the news is at its most bullish and rally when its most bearish. Instead of following the news, simply follow price action and use charts. The chartist doesn’t care why markets are moving, he just wants to make profits when they do.

7.Trade the Long Term trends

Don’t day trade or scalp the market for minor profits, because you will never make enough money to cover your inevitable losses. Trade the big longer term trends that last for weeks and you will make a lot more money and spend less time on your trading.

8.Trade with Discipline

If you can’t trade with discipline you will lose, because if you cant follow your trading plan with discipline you don;t have one. You must take losses and keep them small and have the courage to run profits which comes from a good education and keeping your emotions out of your trading.

9.Be Realistic

If you can make 50 - 100% per annum, you will make a lot of money over time. Don’t try and rush profits they will come, if your strategy is sound and you keep your losses under control.

10.Don’t try to hard or Chase Your tail

Many traders think the more effort they make, the more they will make in terms of profit and as we stated earlier this is simply not true. Also don;t chop and change systems or be impatient, many traders keep looking for the perfect system but there isn’t one - get a logical trading system and be patient

You can Win at Forex Trading

So there are your 10 tips for trading success, I hope you enjoy them and wish you good luck in your pursuit of Forex trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential Forex info and more on how to Forex Trading Success visit our website at: http://www.learncurrencytradingonline.com


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Become a Forex Trader - How to Make Triple Digit Gains in 30 Minutes a Day!

October 8, 2011 by  
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Become a Forex Trader - How to Make Triple Digit Gains in 30 Minutes a Day!

If you want to become a Forex trader from home you can, because Forex is a learned skill however be aware, that 95% of traders lose. Here we will look at what you need to do to win at Forex and the key mistakes to avoid.

Forex trading is simple but it isn’t easy and you wouldn’t expect it to be, with the huge rewards on offer so don’t make the first key mistake most novice traders do which is to try and get rich, by buying a cheap piece of automated Software.

All the Forex robots and expert advisors you see sold online for a hundred dollars or so that claim they can make you rich with no effort don’t work - that’s why there so cheap! Avoid these systems and understand in a market like Forex trading where 95% of traders lose you need to learn skills.

The good news about becoming a Forex trader from home is - the skills you need to learn can be learned quickly. To get a Forex strategy that can make great gains long term, will only take you a few weeks to learn and you should base it on the following criteria:

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1. Focus on long term trends not the short term noise of the market.

2. Do not try and predict - trade the reality of price change as it happens on a chart and a great.
methodology to use is breakout trading, if you don’t know what it is make it an essential part of your Forex education.

3. Ensure your system cuts losses quickly and runs longer term profits.

4. Do not make your system to complicated! Simple systems work best, as they have fewer elements to break.

All the above is easy to do and now we need to look at why most people fail to win; the reason they do is due to their mindset - they simply cannot trade with discipline and if you can’t trade a system with discipline, you don’t have one!

So why does trading with discipline cause such problems?

The reason is in Forex trading, you are going to face periods of losses and you are going to have to keep them small; most traders simply can’t do this. They let losses run, because they cannot accept their wrong and this leads to their demise.

If you want to become a Forex trader understand learning a method is easy getting the correct mindset to take and keep losses small is the hard part.

You need to see keeping losses small, as the way to win because, if you keep your losses small and have the courage to run your profits, you can make huge gains in 30 minutes a day or less.

NEW! FREE PDF REPORTS
CATCH THE BIG TRENDS NOW! FREE PROVEN TRADING SYSTEM

Get free essential trading Pdf’s on catching the big profits from the big moves and more on how to Become a Forex Trader visit our website at: http://www.forextrendfollowing.com.


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Forex Automatic Trading - Don’t Trade With A Forex Robot Trader Until You Read This!

October 7, 2011 by  
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by Ed Yourdon

Forex Automatic Trading - Don’t Trade With A Forex Robot Trader Until You Read This!

Forex automatic trading is a relatively new development that frees Forex traders from the need to be chained to the trading desk at all times. With the advent of the Forex robot trader, any Forex trader can leverage on the market experience and expertise of professional Forex traders to profit from the Forex markets, even if they have never traded before.

That said, there are thousands of Forex robot traders out here in the market, so how do you differentiate between the best Forex robots and the ones that are pure junk? By the end of this article, you’ll be well equipped to make smart decisions when choosing your own Forex robot trader.

So how exactly does Forex automatic trading work? The idea behind Forex automatic trading is to take a profitable Forex trading strategy or system and quantify it into a set of rules that can be replicated by a computer program. Once the Forex trading strategy is perfectly quantified and replicated in that program, it is officially a Forex trading robot and is able to trade the Forex markets as well as the original Forex trader employing that particular trading strategy would.

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Forex robot traders have a huge advantage over human Forex traders in many ways. First of all, Forex robot traders are able to analyse dozens of trading indicators and factors, while a human mind can only process limited amounts of information at a time. Secondly, a Forex robot trader will never make emotionally affected decisions nor be prone to errors in judgement. It sticks to the rules at all times, and is 100% consistent and reliable.

In an ideal world, every Forex robot trader in the market would be capable of making significant profits in the Forex markets without the risk of wiping out trading accounts and breaking down when market conditions change dramatically. The downfall of Forex automatic trading is, not surprisingly, the human factor. Given that it’s very easy for anyone to throw a Forex robot trader together these days, combined with the fact that selling them is a very lucrative business, there has been a rise in unscrupulous developers putting out robot traders that are at best poorly tested and at worst an outright scam.

The best Forex robots are ones that are developed with longevity in mind. If you do a quick scan of the robot trader marketplace, you will find that most of them promise extreme returns of 100% in a matter of weeks or even days. Yes, it’s possible, but that kind of return comes with a very extreme risk of destroying your trading account as well. Forex robot traders that aim for a return of 5-10% a month are much safer and have a much better chance of returning a consistent passive income.

When it comes to commercial Forex robot traders, you can never be too sure. It’s important that you do your own testing to verify their profit projections, and only buy a Forex robot trader with a money back guarantee from a reputable vendor like Clickbank. Yes, Forex automatic trading will save you from going through the expensive and difficult learning curve that every manual Forex trader will go through, but only if you make a wise selection when it comes to the Forex robot trader you commit your funds to.

Thad B. is a Professional Trading Systems Developer who has developed and managed dozens of profitable trading system over the years for a private hedge fund. Forex trading systems are his passion and expertise, and he has a wealth of helpful resources available for any serious Forex systems trader.

 

For an in depth guide on how to choose the best Forex Robot Trader to meet your financial goals, get his free report: The Truth About Forex Trading Systems. In it you’ll discover how to make safe, consistent Forex profits… Even if you’re completely new to trading!

 


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Learn Forex Trading Like A Professional Forex Trader

October 4, 2011 by  
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Learn Forex Trading Like A Professional Forex Trader

Article by: ForexTradingCrashCourse.com

Learn forex trading like a professional forex trader! There are many different ways to learn forex trading. Some people suggest that learning forex whilst trading is the best method, but it is always your decision to choose the best way to learn that will suit your needs.

What is forex trading?

Forex trading is the buying and selling of different currencies of the world. In forex trading, currencies are traded in pairs, one currency is bought and the other currency is sold. If you want to become successful in forex trading, it is important that you learn the basics first. By learning the basics of forex trading it is no guarantee that you will be successful, not by a long shot. The reality is that only 10% of forex traders are highly successful and make money every day. To have a fighting chance of succeeding in the forex markets you still need to learn much more. 

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How To Learn Forex Trading Like A Professional 

 Here are a few  great ways to learn forex trading. 

1. Buy forex books and videos to teach yourself

2. Enrol in an online forex course

3. Enrol in a forex trading school

4. Become an apprentice of a forex trader

5. Hire a forex mentor and get 1-2-1 tuition 

There are many forex traders who have lost a great amount of money in forex trading because they are not properly educated. To survive in the forex trading markets, it is imperative that future traders should learn forex trading thoroughly before investing any money. Proper forex education will enable you to learn different forex trading systems and market strategies. Remember, forex trading markets are the largest market in the world where instantaneous exchange happens. It is always a challenge even to knowledgeable forex traders and bankers. As in all types of trading buying and selling currencies brings with it a degree of risk, don’t ever trade with money you cannot afford to lose. Never enter a market without a good trading plan and forex education.

Learn Forex Trading In Less Than 1 Week!


If you are NEW to forex trading and you would like to learn more, get over 4 hours of forex video training and fantastic eBooks. For more information visit: http://www.ForexTradingCrashCourse.com

Gifty Child is the author of “The A-Z Of Forex Trading” a simple guide for beginners that will teach you how to make money forex trading. Click here to purchase the book from Amazon.com.


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How to Choose a Forex Trader for You

October 4, 2011 by  
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by FxShell

How to Choose a Forex Trader for You

Foreign Exchange trading, better known as Forex trading is a very important part of the financial world today. This trading is used by several people for several reasons. Some require to trade because they are globetrotters and want money in several currencies, while yet others wish to make money with trading by buying foreign currencies and selling them when the price is right. However, the forex trading market is as complex, if not more, than Wall Street itself, and one needs an experienced trader to ensure that they do not lose money in their activities. Here are the important aspects one should keep in mind when looking for the best forex broker.

Local Global:

One of the first aspects to look for in your forex trader is whether they are locally available, and whether you can interact with them over the phone. Financial transactions can be quite tricky, and you can contact them only online, it may pose a problem during those times when you need to send across a message to the forex trader on an urgent basis.

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Forex trading without online support is not practical in the twenty first century. Most, if not all traders offer online trading services, where one can either download and install the client on their machines, or use a web based client to carry out their trading. Online trading is by far the fastest way in which one can carry out foreign exchange trading. However, one should also check whether the trader offers the relevant safety and security to their online activities.

Regulation:

A forex trader is like any other agent, like a real estate agent or an insurance agent and requires to be regulated by some governing body or institution. The regulatory body is an important entity because it helps shield the user from fraud and other business malpractices. Therefore, the best traders are members of some or the other regulatory body. To find out whether the trader is the right choice for you, find out the foreign exchange regulatory bodies that exist in your area, region or country, and then find out whether the trader is affiliated with any of them. This will give you a safety and security in case you have a bad experience with the foreign exchange trader.

Forex Trading Tips:

Forex trading is not simple, and requires people to have a grasp and knowledge of the foreign exchange trading market. It is very important the user gets the relevant forex trading tips consistently. So, it is very important that the broker offers the relevant tips and information to the user when required. Most forex traders would be satisfied by just offering you a platform for trading in foreign exchange, but the best traders will act as a mentor to new clients and as knowledgeable partners to the veteran traders.

These are the three most important tips one should remember while looking for the best forex broker.

FXCENTRAL is a leading Online Forex Trading company established with the goal of providing forex trading tips to individual traders, fund managers and institutional customers, and Best Forex Broker, Forex Broker, Forex Investments, Forex Expert Advisor.


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How to Become a Professional Forex Trader

September 30, 2011 by  
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How to Become a Professional Forex Trader

The first step on the path to becoming a professional forex trader is to realize that you will need a qualified source to learn from. By qualified source I mean a professional forex trader that has already paid their dues and put in the necessary screen time to develop a real and effectual trading strategy. Many beginning traders think they can skip out on a solid forex education by buying a software program or subscribing to a signal service. This is simply not the case, the fact is that forex trading is not easy to excel at, as such; it requires consistent time and energy on behalf of the aspiring trader. This time and energy needs to be directed at learning a forex trading method that is both reliable and valid.

Once you locate and digest an effective and logical forex trading method it is time to develop your trading plan. A complete forex trading plan should include the rules the trader will use for entry and exits, a risk management plan, as well as long-term trading goals. The importance of actually writing down your trading plan cannot be emphasized enough. Having a concrete written out plan that you can read everyday will help you to remain disciplined because you will essentially have a written contract with yourself. It is important to inject some form of accountability into your trading plan because remaining disciplined and accountable is very difficult when there is no one to answer to but yourself. Read you’re trading plan every day and before every trade if necessary. It is very easy to become undisciplined and fall off the track towards consistent success in the forex market.

After developing your forex trading plan and writing it down on paper it is time to take it for a test run. One of the many great aspects about the forex market is that you can open up a free demo trading account very easily online with very little time or energy involved. Once you get your demo account up and running you can begin testing your forex trading method. It is important to keep a running log of each trade you take so that you can get an idea of what your trading plan’s expectancy is. Expectancy is important because it tells you the win percentage of your method, or the probability of any trade being a winner or a loser. Knowing your trading plan’s expectancy will further help you fine tune your risk threshold for every trade so that you can maximize your returns.

After developing a winning track record of at least 2-3 months on your demo account and fine tuning your trading plan you can try your hand at trading real money if you feel comfortable enough. Be aware that live trading is totally different from demo trading; the element of having your real hard-earned money on the line seems to elicit an emotional reaction even if you decisively control your risk on each trade. This feeling wears off after a number of trades, but be aware that breaking your risk-management rules that you previously objectively defined can have dire consequences and will likely induce a snow-ball effect of emotional mistakes that will destroy your trading account. Following the advice in this article and taking a very disciplined approach to all aspects of your trading will allow you to profit in the long-run in the forex market.

Nial Fuller is a Respected Trader and Forex Coach. He runs a Forex Training and Education Website, Visit his site here How to Trade Forex


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