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Tuesday, July 7, 2009

Automated foreign exchange trading - No BS Trading recommendation from a genuine Pro .

By Michel Brockworth

You are going to look stupid and lose if you read lots of the nonsense written online, you can trade with some losses here and there or no losses but even the best foreign exchange trading strategies, will lose for weeks on end. You may face losses and the market making you look stupid - can you handle this and stay on course?

When you trade you want to know Your edge when you trade you have to know your trading edge - this is the precise reason (defined) which implies you will appear a winner, when 95% of traders lose. If you don't know what your trading edge is - you don't have one and will lose.

It's a challenge but you can make large profit if you know what you are doing. To several amateur traders like to follow like sheep and get slaughtered.

You need to stand on your own and take responsibility - are you prepared to do that?

you may learn the fundamentals this suggests not only learning how and why the markets work - but why you're trading system will point you to success, so you can get confidence in it and the willpower to follow it.

Are you prepared to do this?

you want to trade in isolation In common-or-garden life, we are taught to conform with the majority and hear experts. In forex trading you need to ignore the majority view, as the majority lose! Are you able to forget the majority and follow your own path?

Other traders think trading expert reports is a method to win and others trade from the tum and they all end up with a wipeout of equity for their trouble. On the other hand the trader who learns the right FOREX trading basics and has confidence and discipline can make giant gains.

You don't have to work conscientiously to win. This has got nada to do with working hard (you don't get rewarded for effort just being correct with your trading signals), it's to do with working smart, learning the right currency trading basics and having the right attitude to stand alone and win. So if you want a challenge, foreign exchange trading basics and with the right perspective to stand alone and a burning desire to be successful, you might be on the way to a great second or even life changing income. - 23218

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