Tag Archive | "Trade"

When To Buy Shares Or Trade The Forex For Maximum Profits

When To Buy Shares Or Trade The Forex For Maximum Profits

Ideally, you buy stock or currencies at its lowest price and sell at its highest.

Practically speaking, you do the best you can between these unpredictable extremes.

For, as you will see, the low does not become apparent until your stock begins to rise above it, the high is not established until your stock begins to drop away.

Although all of us could wish it otherwise, no bells, no flashing lights, no 21-gun salutes ever mark the bottom or the top.

Timing your stock transactions, therefore, is perhaps the most delicate element of investment, the decision requiring the keenest judgment and the surest touch. Experience helps, although success is not necessarily proportional to it. Veterans of the market, men who have been buying and selling for 30 or 40 years, sometimes seem to have a sixth sense about turning points, up or down, for individual stocks, or industrial groups, or the market as a whole.

On what seems to be no discernible evidence, they will mutter, “Well, I think the market’s going to fall out of bed,” and, sure enough, within a week there is a 9 or 10 point reaction. Yet newcomers may also acquire this skill with surprising speed.

Since judgment is a subjective quality, there are no firm rules for applying it. But there are generalities that can begin to define objectives and delimit areas of choice. And there are a number of techniques which attempt, more or less successfully, to better the average results obtained from trying to calculate timing arbitrarily.

Most professionals will tell you, right off, not to try for the extremes. The surest way to miss tops or bottoms is to wait for that last extra point of gain, that one more point of drop. Usually, an investor is considered to have done very well if he buys or sells within 5 points of the limit on a moderate-to-wide swing, within a point or two over a narrow range.

Another way of looking at the ideal objective is to reverse it: try to avoid selling at the low or buying at the top. This may seem to be superfluous advice, but both have happened many times when emotion entered heavily into judgment. Buying near or at the top is a temptation when a stock has been rising swiftly and steadily and the investor is eager to get aboard. The top, after all, is only relative.

New tops may be within reach which will make the current one seem a reasonable buying level. Selling near or at a low is tempting when a stock has slid downward and the holder has become disenchanted with it. The impulse is to sell out, take the loss, avoid further trouble, and be well rid of the dog.

The correctness of these decisions cannot be judged in the abstract. They depend, first, on your objectives (See Chapter 3) and on how closely or satisfactorily you have realized them. And they depend on your analysis of the several dimensions of highness and lowness involved.

Buying for income is relatively easy. The indicated dividend divided by the current price will give the yield in percentage terms. If the yield suits you, and investigation suggests that it is likely to be maintained, the price is right, whether it is in the high, middle, or low range for the year.

The problem of the buyer-for-income in recent years, of course, has been the fact that a rising market has reduced yields to some very uninspiring levels. The average yield of 10 big oils in the first quarter of 1959 was 3 per cent. For five chemicals it was 2.24 per cent. For seven steels it was 3.85 per cent. Only the better railroads were around 5 per cent, as a group.

Strictly on an income basis, the investor would do better at the savings bank than in oils and chemicals, and might be considered to have missed his market in these categories. The choice then is whether to argue himself into accepting 3 or 3.5 per cent (or 2.2 if he wants G.E., 1.5 if he wants Dow) in a sought-after category, whether to switch categories, or whether to ignore the market until conditions are more to his liking. There may also be a temptation to jump into a stock that for some reason is still yielding 5 or 6 per cent, although it would be foolish to do so without determining why it has maintained a high price/dividend relationship when everything else is low.

If the objective is capital gain, timing becomes more crucial. Somehow you must determine how many more points above the current price your stock is likely to go, and whether this will be a satisfactory profit, considering that possibly 25 per cent of it will go for taxes.

All rises must be predicated on earnings, or the expectation of earnings. Take, for instance, a stock selling at 50 and paying . This is a 4 per cent yield, which, we’ll say, is about average for this market this year.

Now, news gets out that it is possible that the company will earn per share by year’s end. Since a 50-per cent payout is the general practice, a dividend rise to is indicated.

Naturally, there will be a small rush toward the stock and a rise in the market price, probably to 75, or the new equivalent of 4 per cent.

This is the simplest sort of cause-and-effect relationship, so simple, in fact, that it practically never happens just this way. If prices reacted exclusively on good or bad dividend news or expectations, the market would be far more static than it is. Still, earnings and the benefits there from that shower down on the stockholder are the basic premise of stock activity.

The biggest complicating factor is the general absence of hard information. It’s rare that a jump in earnings can be positively pin-pointed, or pin-pointed before a market rise has taken effect. As a result, most investors have to contend with a vast range of other investors’ hopes, guesses, anticipations, and facts.

Furthermore, the stocks believed to have the greatest potential for growth usually vary the general pattern. The Dows, Minneapolis Honeywells, Owens-Cornings, and Minnesota Minings have long since been pushed to levels where their dividend returns are virtually meaningless, and where perhaps even their growth potential has been completely discounted.

Still, these extremities were more marked when stocks generally were yielding 5 and 6 per cent. Now that so many yield 3 and under, the growth specials do not seem so unreasonable at less than 2.

If you are trading shares or Forex you can also benefit from software that can help you time your purchases and sales for maximum profit.

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Which Group Of Shares Or Currencies Should You Trade In?

Which Group Of Shares Or Currencies Should You Trade In?

Here are questions which should be asked about any stock group you are studying. Some of the answers will be contradictory; the significance of all of them will be relative. But each will contribute a plus or minus factor to your thinking about the industry you may wish to invest in.

1) Does the industry deal in necessities or “postponables”? Does it produce things people have to have in good times or bad—food, drugs, power, or heating supplies? Or can people put off buying its products to another year? There is one investor who holds meat-packing and distillery stocks, not notably high-grade issues, because of his conviction that, come hell or high water, beef and bourbon will be staples of the American diet.

The same question on a different level: Is the industry involved in durable or capital goods, such as locomotives, trucks, freight cars, ships, large buildings? These are expensive items with a long life, and are usually financed with long-term, fixed obligations. In a pinch, they are among the first things customers are prepared to do without.

2)Is the industry depression-resistant? Retail stores, tobacco, metal containers, and, again, food products have a reputation for stability, not only in terms of continuing consumer demand, but in terms of production costs and price structures which make them attractive as so-called defensive issues.

3)Is it an extractive industry? Does it deal in natural raw materials, such as oil, lumber, asbestos, metals? Stocks of these companies are considered good hedges against inflation because they represent a primary material, an asset already owned. The acquisition cost of oil underground, for instance, may already have been rationalized; henceforth all that can be inflated are the extraction and distribution costs.

4)How keen is competition within the industry? Usually competition is keenest where the differences are least. Automobiles, soaps and detergents, drugs, tobaccos, gasolines and motor oils—within these categories the companies all offer the consumer pretty much the same thing. The local power and light company, the telephone company, and the natural gas companies (except for the scramble to run pipelines here or there) are virtually without competition.

Cross-competition between industries is also a factor. This is not the struggle of Coke vs. Pepsi, or Tide vs. All, but whether new office buildings are going to have a skin of brick and mortar, aluminum sheets, or glass panels.

The container and packaging people are a lovely example of round-robin competition, as is perfectly evident from five minutes’ inspection of your supermarket’s shelves. Plastic squeeze-bottles of one sort or another have cut into glass as far as the packaging of cosmetics is concerned.

On the other hand, the appearance of liquid soaps has given glass an opportunity in a field that was exclusively the paper-carton supplier’s. The paper-carton manufacturer, meanwhile, has benefited from frozen foods at the expense of the tin-can producer. But the tin-can man has a new area in the pressure containers now used to dispense shaving cream, toothpaste, hair lotions, and anything else that can be squirted or sprayed—and that isn’t already in a plastic squeeze-bottle.

5) Are wages a big item in the industry? How large a percentage of total sales are they? This, of course, can bear heavily on net earnings and, consequently, dividends. In the chemical industry, the ratio of wages to sales is quite small.

In steel and railroading, which have vast numbers of employees and huge payrolls, it is quite large.

6) Do raw materials come from domestic sources or from abroad? Are their prices traditionally stable or volatile? This, of course, applies to the oil, rubber, and sugar companies, to some of the mining and metals companies, and to a few of the chemicals. This is, possibly, not so important as it once was, considering that few industries are totally dependent on foreign resources, and that political upheavals or wars are so far-reaching these days that almost everyone is affected to some degree, at home and abroad.

The question should also be broadened to include foreign markets: What percentage of income derives from sales abroad? This would affect air and shipping lines, distributors like W. R. Grace and U. S. Industries, and the export trade of the auto, machinery, movie, and electrical-equipment industries.

The investor will have to decide, too, whether he considers foreign trade a positive or negative item. Overseas markets may be uncertain or undependable, but they are also frontier areas of tremendous potentiality for an economy like that of the United States, which has lived so largely off its own people.

With Forex trading economic indicators will have to be studied as well.
Good Forex software can greatly help you with this task.

Forex software has become so good that it has artificial intelligence and can predict future currency movements with some accuracy.

You still need to be aware of the risks involved in any financial investing and only invest what you can afford to lose.

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Tips That Help Your Trade Forex Like A Pro (3)

Tips That Help Your Trade Forex Like A Pro

Forex is a subject a lot of people find themselves stuck and confused on, but if you apply yourself well enough then you shouldn’t have a problem eventually being successful in forex. So take some time to read the tips in this article and see what applies to you and your forex goals.

Before committing to an investment one should have previously studied the expectations for that investments growth or decline. By researching when to buy and when to sell one can better their returns. By buying when the investment is not doing good but expected to start doing better in the future one can get in at a lower price and get out with a profit.

Equity protection is actually more important than earning money in Forex. You will notice that the best and most profitable traders in Forex are not turning profits every single day. They’re just not losing as much. You have to be willing to use the old adage that says you cannot lose what you do not play. Protect your capital in Forex first and foremost.

Remember that if you have a perfect strategy for trading in an up-market, it may not be ideal for a down-market. The foreign exchange is very sensitive to market conditions, and you must be able to respond appropriately to the direction in which the market is going. You should test your strategy in all market conditions to see what works best.

If you are interested in getting into the forex market, you have to understand that it is not a game, and it is not worth taking a gamble. Before investing any money, you need to analyze and study the market so you know exactly what you are getting into.

According to highly successful Forex traders, a big part of success is overcoming your natural instincts. If you are losing, you naturally think you should stay and try harder, but nothing could be further from the truth. If you are winning, you may become overcautious, fearing that your luck won’t last. Then you’ll miss opportunities. The answer is to stay rational and mindful at all times.

Watch out for Forex frauds out there. There’s always some type of software breaking onto the scene, making big promises of quick riches, but you can bet that they’re utterly worthless. Always stick with solid, user-reviewed products and methods that actually work for other people. Those other programs might be enticing, but they’re garbage.

Forex investing can be volatile and carries a significant amount of risk. However, this also means it has high potential returns. This makes it a great target for scams. If you are a new investor, you should be aware that there are many scams that promise to give you amazing returns. There are more and more scams every year. If something sounds too good to be true, it probably is. Do your research before trusting someone with your money!

It’s important for your to continue to gain knowledge about forex and then apply it to your trading strategies. The information you just learned serves as a good place to start, but remember that there is a lot of information out there, so always keep your eyes open.

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Using The Forex Trade Signal To Your Advantage

Using The Forex Trade Signal To Your Advantage

Wouldn’t it be nice if you had a way to look into the future and to see what was going to happen over the next few hours, days or weeks? Imagine what you could do if you were able to get this information in advance, both for yourself and for those you care about. Although it may seem like a dream for many people to be able to get this information, the simple fact of the matter is that people are doing it every day on the Forex market. As long as you understand the power of the Forex trade signal, you can have access to this information as well.

The Forex Trade signal is, quite simply, a way for you to determine the direction that the Forex market is going to move in. Although there are certainly many different signals that you can look for, some of the most popular are just ways for you to identify trends that are either just starting or that have been taking place for a considerable amount of time. How can you get this information?

Since there are so many different types of signals that are available, you really need to pick and choose the type that you are going to use in your own personal trading practices. What you can do at that point is to find a way to automate the process and to compile the information into a usable form that will be easy to follow. There are many different Forex trade signal programs that are available to do this. Find one that uses the signals that you would like to use, and you’ll save yourself a considerable amount of time.

Something that you should be cautious about whenever you are using trading signals on a regular basis is that the Forex market tends to be rather volatile. Although using a Forex Trade signal can certainly help you to make a wise decision, the market can turn quickly as a result of a news item or current event that is taking place. In the Forex market, news such as this travels at faster than the speed of light so make sure that you are positioned in such a way that it will minimize any loss on your part. In doing so, you will make sure that you are around for the long term and will build a solid foundation for yourself in the market.

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Prosperous Advice On How To Trade On The Forex Market (2)

Prosperous Advice On How To Trade On The Forex Market

Forex is a subject that you always have to keep up to date with, you can’t expect to use old knowledge. So, you want to make sure you are always seeking out new advice and tips. Here are some new tips that you should find helpful when thinking about your forex decisions.

Learn the charts. You need to be able to understand what is truly happening in the market every day, and the best way to do this is to follow the charts. Find a reliable source and study it the best you can to make sure you will not lose out on profits due to a misunderstanding.

When dealing with forex trading, it is of the utmost importance to choose a broker that you can trust. An unreliable or dishonest broker can be disastrous for you and any potential earnings you may accumulate so take the time and adequately research your brokers history and reputation among other traders.

Remember to take frequent breaks when trading in the Forex financial market. Because Forex is more analysis intensive than other markets, it will quickly overwhelm you if you don’t take a break. When you resume trading you will find your mind refreshed and more capable of handling another round of information.

When you have a profit of two or three times your risk, it’s time to pull your money out and reinvest it elsewhere. If you wait too long you could see the forex market drop on you, so make your trades when you know you’re going to make money. If you do that every time then the profits will add up.

To avoid making ill-timed and costly trading moves, you should consider staying out of the market if the fundamentals just don’t justify market entry at the time. In other words, avoid entering the markets out of boredom or just for the sake of trading. Staying on the sidelines is a position in itself, and sometimes it just pays to hold that “out-of-market” position until the fundamentals improve.

Choosing your broker is important, so don’t select anyone until you do your research. You should be worried about more than just signing up with a scam artist! Even if he is a legitimate broker, you need to be sure that he also works effectively with people at your level of experience.

Never try to recuperate immediately any losses you have had. Doing so can cloud your vision of what is truly going on in the market, and may cause you to make rash decisions, causing even more loss. The best thing you can do is sit out for a little while, and look back to figure out why your trade lost out.

As stated in the beginning of the article forex is always changing and you have to keep up-to- date with it. With the new knowledge you have just learned, you should be able to apply it to your forex endeavors and be successful from it. Forex is not difficult to learn when you keep up-to-date with the latest tips.

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Why Forex is a great trade

Why Forex is a great trade

The Forex market seems to be one of the hottest markets right now.

Let’s take a look why

It takes small amount of capital to get going and you get leverage with it.

This is important because a lot of people entering the market are looking for ways to make money and not just to invest their spare cash.

Leverage means that you can use other people’s money to make your investment bigger. Not to try to scare you but this also introduces greater chance for Loss. This is not for the faint hearted or people not willing to learn how to trade, understand their trading phycology and follow money management rules. Having been duly warned please keep reading about the great potential and positive aspects of Forex trading.

Leverage is a very powerful tool to make money very quickly.

The Forex Market is the largest in the world worth more than a Trillion dollars a day. This is important for many reasons:

It provides amazing liquidity. There are always people ready to buy and sell so you can always enter and exit your position easily. Smaller markets may not always give you the ability to exit your trade so easily.

It is difficult for larger players to influence the market. In the stock market the larger players can influence a particular stock and cause movement just by their trades.

The sun is always shining somewhere.

There is always trading going on 24 hours a day Monday to Friday. It goes from city to city following the sun. Plus you still get your weekends of to relax. With stocks the markets closes and news is released and the stock can gap at the open leaving you in a worse position. When you can trade a very liquid market open 24 Hours it makes it a whole lot easier to manage your positions and relax.

You are trading so that you can have a better life right?, not just stuck in front of a computer. It is important to get clear on why you are trading or you can just be just swapping one situation for another and not really improving your life. Pep talk over with let’s get on with it.

Volatility

Stocks may go in sideways movements and suddenly rush up or down and there are a lot of stocks to choose from. Sure there is some stocks renown for being volatile but it is easier to find consistent volatility in the Forex market. The market is always moving so there are always plenty of opportunities for day trading

So I obviously think that the Forex Market provides great opportunity for people to enrich their lives. It gives people willing to learn a little a great lifestyle that many will envy.

I hope that you enjoyed that simple summary. There are many more great reasons to trade forex.

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Trade Smarter With These Expert Forex Tips

Trade Smarter With These Expert Forex Tips

If you had a few hundred dollars lying around and wanted to turn that into a few thousand, what would you do? A lot of people decide that they’ll put their money into the Foreign Exchange Market. Sadly, however, most of those people walk away broke and angry. That’s because they did not learn about the market first, just like you’re about to do, by reading this article.

Don’t expect to win on every trade. That may not sound like much of a sales pitch, but even the most successful of traders don’t win on every trade. What they do have is a robust plan and long-term strategy, which carefully considers the risks. So don’t necessarily be disheartened if a trade doesn’t go your way; review why it went wrong and see if there is anything to learn from the experience. But don’t think that currency trading is an option for those seeking quick money, because like any investment, it only should be played by those with a long-term goal in mind.

Keep a very detailed journal about what you have done on the market. It will help you learn your tendencies so you can better understand what your weaknesses are and how to avoid loss. You will benefit by maximizing your strengths in a more efficient manner which will in turn make you more money.

While the middle of the week is the best period for trading on the Foreign Exchange Market, Saturday and Sunday are the worst days for trading on the market. This is due to the market dying down due to the lack of weekend activity from businesses. In addition, Monday and Friday are not recommended trading days, as new trends establish on Monday and closing trades happen on Friday.

When you are in the forex business, remember to regularly withdraw some of your profits. It is absolutely imperative that you do not get greedy and think that you have to reinvest all of your profits back into forex in an effort to triple or quadruple your initial investment. If you do this you will end up losing in the long run.

You should not give up on trading, even if you have not been successful so far. You need to be patient and take the time to learn everything you need to know. With enough studying and practice, anyone can become a good trader. If you fail, learn from your mistakes instead of giving up.

Start your trading career with a plan, set clearly defined goals, and stick to them consistently. Your strategy will be different depending on whether you want your trading to be your primary source of income or just a source of extra money. Additionally, you can protect yourself from excessive loss if you have already decided what risks are too great to take.

Hold on; don’t put your money in the market just yet. You’ve read this article and now you’re well on your way to understanding Forex, but you still need to keep things at a slow pace. Understand how the market works before you invest your capital. Taking the time to learn now, will pay off in the future.

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Recognise ‘The Force’ and Trade the Trend

Recognise ‘The Force’ and Trade the Trend

You may have heard the saying ‘A Trend is your Friend until it Bends’. Technical Analysis helps us to identify a trend so we can jump on and ride it until it changes. Since the Forex market has very strong trends, technical analysis is a very effective technique.

Some traders still persist on trading against the trend, they argue with it even though price movements are obviously in a trend. Buying when the currency is in a basic downtrend or selling when it’s in an uptrend, instead of buying.

Our primary purpose is to identify the major trend, intermediate trend and the short term trends and place trades in that direction. We then hold position until our calculations suggest otherwise.

Here’s a quote from Jesse Livermore, a tenacious, flamboyant and profitable Forex trader,

“We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. It is not well to be too curious about all the reasons behind price movements.
You risk the danger of clouding your mind with non-essentials. Just recognize that the movement is there and take advantage of it by steering your speculative ship along with the tide. Do not argue with the condition, and most of all, do not try to combat it.”

There’s gold in these words. If the market action shows your analysis to be correct, the successful traders stay with the market and maximize profit according to his or her equity management rules.

If the market turns, the smart trader will get out and collect profits.

Watch the market and listen to what it tells you about upcoming trends and most importantly don’t ask for reasons for what it does, focus on the essentials.

There are often repeating patterns in price changes. Once established. They become the most probable way to predict price changes.

These can be categorized into two types of markets, trending and trend-less. Trending markets have up and down trends; these are typically less than 45° and are steady movers with occasional pauses or profit-taking periods.

Trend-less markets have very steep movement of more than 45° that most often can’t be sustained. Although price movements can shift a considerable number of pips in a short time period they often don’t produce much net profit.

Choppy markets often produce stop outs and the sideways market, with minimal price movements makes it very difficult to predict which way the price will move.

For these reasons, our objective is to get into a trending market and meet our trading objectives.

The underlying message here is, “Be a good friend to the trend”, a simple concept but powerful indeed.

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FOREX or Futures. Where to Trade

FOREX or Futures. Where to Trade

Our modern futures market originated in the 19th century when farmers began selling contracts to deliver agricultural products at a later time. They did this to attempt to anticipate market needs and to smooth the supply and demand during the off-season.

The futures market has changed dramatically since then, in current times the futures market is no longer restricted to agricultural products. This worldwide commodities market now includes such things as manufactured goods and financial products as well as agricultural products. A futures contract is a guarantee that a certain product will be sold at a fixed price on a certain date.

When speculators play the futures market there is no expectation of the products being delivered and the actual goods are not even important. It is actually just the contracts themselves that are traded and the value of these contracts is in constant fluctuation.

In every futures contract there are two positions a long position and a short position. The short position is filled by the seller and the long position is the buyer. Futures accounts are settled on a daily basis.

As an example a farmer enters into a contract with a grocer to sale him 1000 bushels of corn at a bushel. At the end of the specified time the contract is settled, if the current market price of corn is at a bushel the farmer will realize an extra profit of 00 dollars on the contract and the grocer will have lost the same amount. In this situation the farmer now sells his corn at a bushel on the open market but his loss is covered by the profit from the contract. The grocer now will buy his corn for a bushel but in reality he is still paying a bushel because of the cost of the contract. If he had not entered into a contract he could have bought his corn for and saved 00. However if the price of corn had risen significantly to a bushel he would have saved himself 00.

Speculators try to guess the direction of the market fluctuations and make a profit by buying and selling contracts.

FOREX

The FOREX market has numerous advantages over the futures market. Since it is the largest financial market in the world it is far larger than the futures market. The FOREX market is also far more fluid, which makes it easier to execute stop orders with very little slippage.

The futures market is usually only open 7 hours a day where as the FOREX exchange is open 24 hours a day 5 days a week. This extra time makes the FOREX market more fluid and allows traders to take advantage of this by trading at any time instead of waiting for the markets to open.

There are no commissions in FOREX trades; the brokers make their profit through the spread. This is the gap between the currency buy price and selling price. In futures contracts the trader has to pay commission fees on every transaction.

Due to the extremely high volume of trades in the FOREX market most transaction are executed almost immediately, this allows for better price control of your trades. In future contracts the price the broker quotes will be from the last transaction and your price could be significantly different.

In the futures market debits are a constant possibility due to daily fluctuations. The FOREX exchange has many built-in safeguards in the trading system that helps protect the traders.

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Some Guidance That Can Help You Trade Forex 2

Some Guidance That Can Help You Trade Forex

Forex can be a complicated thing to learn about, but the more you know the easier it is to understand. When trying to learn forex you want to expand your knowledge in the subject as much as possible, this article can serve as a good place to get some of the knowledge you need.

Choose your trades wisely. Your Reward to Risk Ratio should be at least 2-to-1. If you see a setup that shows high probability, utilize confluence and one more indicator to help you make the decision as to whether or not you want to trade it. It’s a lot better to pass a risky trade by than to jump into it too fast and end up losing money.

Stop losses serve an important purpose in forex trading, but many people set them too tight because they are afraid of large losses. Unfortunately, this is a very quick way to lose money and eat through your trading profits. Set your stop loss orders with a wide enough margin, so that trades have some room to develop.

A great tip for forex trading is to accept the fact you may be in the minority about some trades. In fact, many people who are correct about particular trades are in the minority. Most of the time, the minority is as small as 10%. However, these 10% will win while the other 90% will lose.

Give yourself breathing room before making any of the following changes to your trading plan. Increasing or decreasing your stop loss, moving your stop loss when it’s close to being hit, or taking trades without analysis. These are all changes you can make, but only after examining all of the pros and cons. Doing it just because you see a good trade will cause you to lose money more times than not.

When formulating a trading plan, remember that a successful trading systems takes into account three factors: timing, money management, and price forecasting. Timing determines when you will enter and exit the forex market. Money management dictates how much money you will invest in each trade. Finally, price forecasting should give you an indication of the direction of currency market trends.

Stop trying to buck the trends of the market. You want your money to flow with the general course of the market. When you are betting against the trend of the market, you are deciding that you can predict the future better than the trends. The market works in the favor of the trend trader.

Never trade when under the influence of drugs. Drug like alcohol can alter your mind set. In the short term, Forex trading is a high-risk, high-reward game, so loses can quickly spiral out of control if you are not fully alert when trading. The last then you want to do is wake up the next day and discover that you have just lost all the profit that you make last year.

As stated in the introduction the more you know about forex the easier it is to understand, so hopefully with the information you just learned you have a better understanding of what kind of strategies to take in your forex endeavors. Make sure you apply yourself because if you don’t then there’s no way to see success.

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Forex Strategies

Trade:Forex, Oil and Gold

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