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Saturday, July 4, 2009

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

By Michel Brockworth

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

When you trade you must know Your edge when you trade you must know your trading edge - this is the precise reason ( outlined ) which means you will appear a winner, when 95% of traders lose. If you do not know what your trading edge is - you do not have one and will lose.

It's a challenge but you can make huge profit if you know what you're 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 ready to do that?

you may learn the fundamentals this implies not only learning how and why the markets work - but why you are trading system will steer you to success, so you can acquire confidence in it and the wherewithal to follow it.

Are you prepared to do this?

You need to trade in isolation In common-or-garden life, we are taught to conform with the majority and hear professionals. In foreign exchange trading you need to ignore the majority view, as the majority lose! Can you ignore the majority and follow your own path?

Other traders think trading expert reports is a way to win and others trade from the gut and all of them finish up with a and all of equity for their difficulty. 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 nothing 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 foreign exchange trading basics and having the right angle to stand alone and win. So if you want a challenge, currency trading will give it to you and with the right attitude and a burning desire to succeed, you could be on the way to a great second or life changing income. - 23196

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