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FOREX ZONE
The Way to Trade Forex - Discover the Successful and Profitable Trading Strategies
Interests: It is a sad fact that 90% of traders fail, and many very quickly give up. why? when i went through a phase of losing trades i treated it as a temporary setback and went back to the drawing board. i analysed the reasons of my failure and i sought the guidance of top traders, mentors and coaches to put me back on the path of success and profitability. in my opinion the high rate of failure for a new trader can be related to the six major obstacles that a trader faces, which are summarised as follows - * poor skills * lack of adequate capital * setting unrealistic targets and goals * lack of patience * lack of discipline * high risk aversion. if we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper trading system and a trading plan- one that includes mind training, it simply is not possible. * have patience - don't trade if you don't have to. you should wait for a set-up according to your trading plan and system. * have discipline to follow your rules * understanding and managing risk * and lastly the most important, you will notice that they follow the guidelines as identified above. "define first the level of risk you dare assume. Start with a small position, and then build it up if it works" - george soros Give me a stock clerk with a goal and i'll give you a man who will make history. give me a man with no goals and i'll give you a stock clerk" - j.c. penny If you go to work on your goals, your goals will go to work on you. if you go to work on your plan, your plan will go to work on you. whatever good things we build end up building us." - jim rohn in this course, i will attempt to turn you from an amateur trader to a master trader. All you have to simply do is to follow the simple ideas and strategies put forward in this manual. It is only you who is responsible for your success or failure. i can show you the path, forex trader. to download and edit version of the book the way to trade forex - discover the successful and profitable trading strategies, please fill in the following form. by pressing submit, you'll receive an email within a link to down the the book. also, you agree to be contact by bindal fx for more information about the full version. also, you will automatically subscribe to actionforex.com newsletter. if you do not wish to continue receving emails from actionforex.com, quality forex education and strategies and sound money management rules. so what are the characteristics of a successful trader? all we have to do is to reframe the liabilities listed above: * adequate trading knowledge and understanding.you should seek
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* Poor Skills * Lack of adequate capital * Setting unrealistic targets and goals * Lack of Patience * Lack of discipline * High risk aversion. Continue reading
Posted Apr 10, 2010 at FOREX TRADING ROOM
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So far we know... • Candlestick Charts provide more information than bar and line charts But, candlestick charts also provide... • Unique visual cues that help speculators comprehend market sentiment Therefore, candles are helpful in... • locating price reversals and identifying entries and exits Continue reading
Posted Apr 10, 2010 at FOREX TRADING ROOM
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