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5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

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Link Disini With the incredible growth of the forex market, you will see an incredible amount of traders losing all their money. Unfortunately, they didn't follow the simple steps I have prepared for you. Follow these steps and give yourself the greatest opportunity to achieve your goals. 1. Have faith in yourself To reach the level of an elite forex trader, you need to trust yourself and your training in forex trading. You need to be willing to make all your trading decisions, instead of relying on someone else's thoughts or skills (or lack of). Of course, you will fully prepare yourself before any money risk. 2. Accept your learning curve Unless you are a veteran trader, you will lose money by trading on the Forex market. This is almost a certainty. I'm not saying this to dissuade you from trading. Indeed, quite the opposite. You will negotiate against others who fall into this reality day after day. However, you won't risk a dime until you learn the skills needed t...

10 Good Reasons why YOU should jump into Trading FOREX

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The foreign exchange market is a market where traders buy and sell currencies with the hope of making a profit when the values   of the currencies change in their favor. People are making huge amounts of money from Forex trading. The Forex market has great potential for everyone from large companies to ordinary and ordinary people like you and me. It is a very exciting trade with huge earning potential. Imagine sitting comfortably in your pajamas at the computer ... you turn on the internet and do some quick transactions and when you get up to get a cup of coffee, you are several hundred dollars rich! Would you like this? I would like to!! I can hear you say, "Wait a minute !! This sounds just like another one of those confusing markets like traditional stocks, options or futures, so what makes this market different? Aaah! Good question! So, in answer to your question, here are 10 good (if not great) reasons to get into Forex Trade: 1. First and foremost, Forex trading allows ...

A Short Explanation Of “Buying” and “Selling” In Forex Trading

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These days everyone is talking about a profitable new business called Forex trading and the great opportunity this business presents for people willing to break free from the corporate world and start working from home or anywhere else without losing their current lifestyle and even improve it. More experienced traders consider the best and most profitable of the capital markets to be the Forex market. For many years, Forex trading was the sole domain of the major banks, large financial institutions and central banks of countries; for example the Federal Reserve Bank of the United States. But these days, thanks to the internet, the market has been open to all who wish to learn the best forex trading techniques and with the intention of making substantial profits like the institutions mentioned above which annually and consistently make quite high profits from trading. in Abroad Foreign exchange market. You have many advantages when trading on the forex markets, for example; you don...

Understanding Forex - #5 - Compound Interest

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This is a series of articles on the foreign exchange market. You will learn here what Forex is, how it works and how profitable it can be. The entire series contains the following articles. . . What is Forex? Technical analysis Fundamental analysis Money management Compound interest Compound interest. As an investor, time can be your best friend once you learn how to use compound interest to your advantage. This is an important aspect of any trading system. Increasing your profits can make you very rich and help you increase your investment profits exponentially. The downside to this technique is that you may also increase your risk. By reinvesting your earnings you can multiply your profits but you can also suddenly lose everything. I will explain here how compounding can make you rich. I will also describe some of the risks involved. This strategy may be suitable for some investors, but not for all. It is more like a long-term strategy. Most traders or investors don't have the pa...

Understanding Forex - #4 - Money Management

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Lihat Link This is a series of articles on the foreign exchange market. You will learn here what Forex is, how it works and how profitable it can be. The entire series contains the following articles. . . What is Forex? Technical analysis Fundamental analysis Money management Compound interest Money management. This is one of the most important aspects of a good trading system. Even if your market forecasts are accurate, you may still not be profitable in the long run unless you implement proper money management techniques. Money management refers to how you manage your trading capital. It has to do with how much money you invest in each trade. Also, how much do you expect to earn on each trade compared to how much you are risking. Furthermore, you can also use different types of orders that allow you to automatically manage your trades such as stop loss, limit order and trailing stop. In my opinion, the two most important aspects of money management are position sizing and expecta...

Understanding Forex - #3 - Fundamental Analysis

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This is a series of articles on the foreign exchange market. You will learn here what Forex is, how it works and how profitable it can be. The entire series contains the following articles. . . What is Forex? Technical analysis Fundamental analysis Money management Compound interest Fundamental analysis. Forex fundamental analysis strategies consist of studying the economic factors of a country to predict the future value of its currency. This includes, but is not limited to: economic conditions, monetary policy, etc. Fundamental analysis focuses on studying the economic, social and political factors that drive supply and demand. Some important indicators are interest rates, inflation and unemployment. Political decisions are also important. Below are some of the most important fundamental analysis indicators and their definition. You can learn more about these indicators and how they are used at www.investopedia.com. Producer Price Index - PPI A family of indices that measures the ave...

Understanding Forex - #2 - Technical Analysis

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This is a series of articles on the foreign exchange market. You will learn here what Forex is, how it works and how profitable it can be. The entire series contains the following articles. . . What is Forex? Technical analysis Fundamental analysis Money management Compound interest Technical analysis. Unless you are new to trading, you probably already know that technical analysis is a method of predicting the future price movement of commodities, stocks, etc. (in this case currencies) based on graph analysis, modeling, technical indicators, etc. technically and in my opinion it is quite predictable. No trading strategy will work 100% of the time. That's why you need proper money management techniques. Either way, technical analysis is important in determining where the price of currencies is going, including when to enter and exit positions. There are several technical analysis techniques that you can implement in your trading strategies. I show here how to use technical indicato...