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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR!
Reasons Why Most Forex Trading Systems Fail to Show Attractive Results
There is an old saying about Forex Trading Systems. It is that the systems themselves never fail. It is always the users that fail. And the users fail because they did not make the system their own. That is, they have not built up enough confidence in it to follow the rules without questioning them. The only way to build confidence in a system is to test it until the point one is convinced by the results. The degree of conviction is very important. Traders need to be convinced to a level such that they will intuitively take a signal the very second it manifests itself.Best Strategy for Forex Trading – The Dow Wave
Exploiting the power of trading Forex in the “when” zone is the best way of kicking out the speculative mindset. I’ve spent the the last three plus years, studying and tweaking this market for the ultimate Forex strategy. Knowing when a currency pair is going to take a swing or reversal, is the ultimate Forex trading method (period). There are so many indicators in this market from the MACD, Bollinger Bands, etc… trying to find you the reversals or swings; the right mindset but the execution is a total failure. These indicators are based on mathematical equations that do not take the crowd reaction into consideration, price action is not recognized, and trends are extinct. These indicators will fail you on many levels!Currency Trading Tips: 2 Reasons Why Foreign Exchange Trading Can Help You Gain Financial Freedom
Over the last few years many so called “business gurus” have been sharing thousands of tactics to achieve financial freedom. An imperative thing to always remember is that several of these people you hear about are unique incidents and a lot of times what worked for them might not work for you. In this section of my currency trading tips series I would like to discuss with you 2 reasons why I believe Forex can form a number of “unique” success stories and can allow you to achieve true financial freedom.Forex Trading, Not For Beginners?
Forex trading is an increasingly popular trading option for new traders due in part to the heavy promotion of Forex trading courses. After all and as many Forex trading course advertisements will point out, Forex trading has low capital requirements, is relatively easy to do, comes with fairly low trading commissions, involves low margin requirements and trading can be done 24 hours a day.Forex Financial Instruments
A spot forex transaction is exchanging one currency for another at the current exchange rate. The currencies are exchanged at the spot rate at the time of the contract, and the contract is usually settled within two business days, involves cash rather than a contract, and interest is not included in the transaction.