Saturday 23 July 2011

forex trading tips and tricks

Which group do you belong to?
If your answer is D you have better things to do than hanging out on this site so please leave this site's bandwidth to people who really need it.
However, if your answer is A, B or C than we would strongly advise you to read on...
We are not planning to explain to you here how big forex market is, trillions of dollars changing hands , you can quit your day job... Blah, Blah... You have already heard such stories and where did it get you?
You can find such "wisdom" on thousands of crappy forex blogs and sites that exist only to
clutter search engine results.
We need to get to the core of the problem. Immediately.
First, the problem needs to be identified.
You want to enter your trades with confidence. You want to have a reasonable certainity
that the trade will move in your direction.
However, more often than not, the opposite happens. And you are desperately trying to
figure out what are you doing wrong...
The answer is simple.
You are thinking inside the box. You are not seeing the whole picture.
Forex trading is a zero sum game. In order for you to win someone has to lose.
That's why forex is such a cuttroath business.
You have probably read some books on forex, learned a bit about technical analysis,
found out about some "winning" strategy, did a bit of paper trading and you thought you were ready...
The truth is, with such knowledge and 10 dollars you can buy yourself a lunch.
Or even worse.
You have stumbled upon some flashy website selling you a 100% accurate forex robot
that will triple your money every month.
Then you found another one. And then one more...
How much money did you make with such robots?
Ok. I understand.
Let's go straight to the point.

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