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Forex Trading Online Tips
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TIPS: You must have to be careful before you dealing with these companies. There is a lot of fake company, especially in the Internet. So what you have to do just taking time to check the company overview, reviews as well as company background before you select. Otherwise, you have a possibility to face on fake and your efforts and money are totally waste.
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Don't make the common mistake of trying to pick the top and bottom of the market in forex. If this is your strategy, wait until your indicators confirm the top and bottom have actually taken form before setting up your position. This is still a risky position to take, but your odds of success increase when you use patience and confirm the top and bottom before trading.
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Originally posted by Biodun View PostTIPS: You must have to be careful before you dealing with these companies. There is a lot of fake company, especially in the Internet. So what you have to do just taking time to check the company overview, reviews as well as company background before you select. Otherwise, you have a possibility to face on fake and your efforts and money are totally waste.
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Originally posted by Biodun View PostTIPS: You must have to be careful before you dealing with these companies. There is a lot of fake company, especially in the Internet. So what you have to do just taking time to check the company overview, reviews as well as company background before you select. Otherwise, you have a possibility to face on fake and your efforts and money are totally waste.
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Let's take the idea of buying first. What if you bought something (it could literally be almost anything...a house, a piece of jewelry or a stock) and it went up in value. If you sold it at that point, you would have made a profit...the difference between what you paid originally and the greater value that the item is worth now. Currency trading is the same way. For example if the AUDUSD pair was bought at 1.0615 and the pair moved up to 1.0700 at the time that the trade was closed/exited, the profit on the trade would have been 85 pips m is worth now. Currency trading is the same way. Had the pair moved down to 1.0600 before the trade was closed, the loss on the trade would have been 40 pips
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Originally posted by Klimov View Post"The components of successful trading are: 1) prevention of losses, 2) elimination of losses and 3) prevention of losses. If you are able to adhere to these three rules, you have a chance." Ed Seykota
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Technical analysis as its based on past events not future events making it easier on the emotions. Just avoid looking at the active account balance on your account and stick to your trading strategy.If you could win 80% of trades then your in the money easy. You can use this free indicator here; http://goo.gl/YZsYmA . It has up sells but it will help. All the best
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