Saturday, November 21, 2009

Forex Tips, Forex advice




Free Forex tips, valuable Forex advice to help improve your trading









Forex Trading Tips:

Tip 1. Gamblers go to casino. All unproved, spontaneous actions in
Forex trading — are a part of pure gambling.



Any attempt to trade without analysis and
studying the market is equal to a game. Games
are fun except when you lose real money..
 
 
 
 
 
 
 
 
 
Tip 3. Go with the trend!


Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.




 
 
 
 
 
 
 
 
 


 When a trend is up you don't want to be selling.











When a trend is down, you don't want to be buying.


Tip 3. Learn to use protective stops. Respect your stops and don't move them.


Hoping that market will turn in your direction is a very delusive hope. By moving a stop loss further a trader increases his chances to end up with a much bigger loss.

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