Forex trading guide for a fundamental trader
Forex trading guide for a fundamental trader
The word forex is an abbreviation for foreign exchange market. Though I will not be talking much on this topic because of how I am going to be.
If you are not a forex trader and you are reading this article I will suggest that you should just stop reading and walk away, because what I am about to share in this article is not for novice but those who are traders.
Most of the times what traders considers to be losses in the market are we can simply call experience. If you are reading with about three years of trading experience you will understand what I am talking of. Through a thorough research and scrutiny, I have been able to discover that if you not fail you cannot succeed and the same principle goes with forex trading.
You will discover that when you started trading what you were told was something like money management and beware of greediness. But at the end of the day you will discover that after which you have been able to make some amount in the market your thought would be how to double your account in a day which is rather too risky and that is why you have been so loosing heavily ever since you have started. The question is despite all these misfortunes that are rocking many traders in the forex market, is there out? The answer is yes. Why don't you relax yourself as I give a bit of my several years of analysis?
Come to think of, assuming that I have been trading for about three years and I started with the sum of one thousand dollar in my account, being a diligent and disciplined trader, how much do you think I would have made? Let us quickly go into the analysis. Let us assume a particular trader starts trading with about one thousand dollar and he has been trading for about three years making his profit consistently by economically using a reasonable lot size, let us say 0.1 and very small pips of about twenty everyday. What exactly do you think that this individual would have become over the years? By the time you calculate the profit you will discover that he must have become a big guy in the real sense.
You may be asking that how it could be possible for someone to be making consistent twenty pips everyday. Well what I mean by consistency has to do with the days in which you take trades in the market. This means that you do not have to go to the market when you do not see genuine signal to trade. But the major with us traders, I do not mean gamblers but traders. The major we are having is that we do stick to our trading plans and this kind of mentality has to be grafted out in we want to make it in the long run perspective of the market. For you to stick to your trading plans will save you a lot mental stress you encounter with in the market. It help you avoid some of the pit falls awaiting you in the evils days and by this virtue you ca consistently win your trades at all time and if not at least most of the time.
I will also want to say that you must be too complacent with your trading methodology but rather you should be visiting forums in order to share your experience and also get some of the latest information about the forex market.
Get more info by subscribing for my daily newsletter @
http://younginternetmillionaire.com Playing Online Bingo Offers Convenience Fantastic logoped support online Increase Your Website Traffic By Publishing An Online Newsletter Finding Women's Jeans Online That Fit Save BIG by finding a discount Online Clothes Store IUD tips online Fantastic Ways To Earn Online Fantastic Methods To Earn Online Starting a Career As an Individual Forex Trader Affiliates Programmes-Making Money Online Watch Montreal Canadiens vs Atlanta Thrashers Online Live NHL Scores Online Tax Consultants to Reduce eBay Tax Adidas Football Boots Online Today