Too many Forex traders think the only way to make great profits trading is on the Intraday time frames. But the truth is, there are many benefits to Forex End Of Day Trading and using the Daily charts.
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With any sort of currency trading, whether it is Forex or stocks and bonds, a strategy needs to be in place to be successful. Rarely will random trading without rhyme or reason get you anywhere.
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Having a Forex trading plan is one of the key elements to becoming a successful Forex trader. Many traders never even make a trading plan, let alone use one regularly. Read 10 Step For Perfect Trading Plan in Forex.
Forex trading is not new, but it was almost entirely controlled by banks and other big financial institutions with large investment funds - until the rise of the internet.
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Talking Points: Traders fail by risking too much per trade Traders fail by not adapting to market conditions Traders fail by using a negative Risk:Reward ratio Many people from all walks of life give Forex a shot, but most people that attempt it lose money. Have you ever wondered why that is? At THE FOREX SECRET, it is our job to assist people in reaching their goals and make them the best traders they can be. So in today's article, we are going to look at some of the top reasons why most Forex traders fail, and how we can improve our chances of profitability.
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1,000 Readings = net 1,000 stocks on the 'Up' Tick (moving up) = Bearish -1,000 Readings = net 1,000 stocks on the 'Down' Tick (moving down) = Bullish. Notes: ...