Forex Guide

Forex Guide

  • Submitted By: rishu09
  • Date Submitted: 12/17/2010 11:35 PM
  • Category: Business
  • Words: 9172
  • Page: 37
  • Views: 468

An Introduction to the World’s Most Exciting Investment Forex trading is the biggest, most exciting, and potentially one of the most lucrative forms of trading you can engage in. It is one of the few ways where traders can start with small stakes and build significant wealth quickly. Of course, where there are large rewards, there are also risks, and forex trading is no exception. If however, you can learn to control risk, harness the power of leverage, run your profits and cut your losses, you can make a lot of money and build significant wealth. That’s what this document is all about: turning the potential of currency trading into consistent profits. We’re not going to tell you how to place orders or any of the mechanics of trading. You can get that free on the net; Here, we are going to walk you through specific tools that you can combine to make a robust trading system that will help you get the odds on your side and potentially, make big profits in the world’s largest and most exciting investment medium. Welcome to the world of global forex trading! 1. Currency Trading Success - Basics Currency trading looks easy, but very few traders succeed. The statistics show, that over 90% of forex traders lose all of their money. This is despite the fact that everything about trading currencies can be specifically learned in advance. So why do the majority fail? There are several reasons, which we will now look at in more detail. You can become a winner, and enter the elite 10% of traders who make consistently make big currency profits? FIRST, let’s look at some basic points that you need to consider before you decide to trade forex. You’re on Your Own The first point you need to accept is that you are responsible for your currency trading success. When you’re trading currencies, it’s tempting to follow a guru who has made money, or claims to have made money. However, in most instances, the people selling this information are marketing organizations, and have no real...

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