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Bay Leaf Ritual for the New Year
HI would like to share with you a ritual I do every New Year's that is quite involved and requires a lot of thought and meditation time. It is derived from an ancient Greek ritual for prosperity and fertility. As you may recall, ancient...
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Protein - Its Place In Your Weight Loss Program
Any food that we take into our bodies is composed of macronutrients, micronutrients and water. The macronutrients (macro = large) are protein, fat and carbohydrates; the micronutrients (micro = small) are vitamins, minerals and trace elements....
The Mid-Life Challenge: Make a Plan to Re-ignite Vocational Passion
Nobody will stop you in the hallway at work to ask if your career provides meaning and personal fulfillment. Recognizing that something’s missing in your vocational life and taking the initiative to change must come from within.
Serena...
Video Games And Children Are Not Made To Be ‘Always’ Together
Many people think that video games and children are made for each other. As a result they never keep a check on their kids spending hours with these play machines. Though the ardent reality is children should not be always glued to the video games.
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Forex Training Follow Your Gut or Your Broker
Which way will the forex market move? Do you just follow your gut feeling? Or do you have Neo’s sixth sense that would let you be one with the market and feel the underlying currents.
Trading forex is a non stop action movie but a good one, where you really don’t know who will win at the end. Every forex trader is trying to predict the winner of his own movie.
The forex markets move fast. Can we understand why they move? Yes, we can but only by having a feeling for the market, the instinct to know in which direction to move. Will our intuition enable us to predict the forex markets every move? Of course not. But understanding what makes the markets move will give the edge in making better trades.
What do we need to know!
- Who trades forex?
Traders, investment funds, corporations, banks and governments.
- Why do they trade?
Traders go for a quick speculative profit. Investment funds avoid risk and follow the long term trends. Corporations are trying to hedge on currency fluctuations. Banks are short term traders, market makers and hedgers. Governments trade currencies to keep there countries markets stable.
Now that we know who the players are we must understand ourselves. As the other players trades will impact greatly on our own. We need to decide on our trading strategy. There are just too many strategies to be covered in this article so please visit Forex Value Guides to
for more information. http://www.forex.value-guides.com
But no matter our strategy, we must be disciplined and not let our emotions take over. That is not an easy thing to do when the markets go wild. We need to keep calm to analyze the other players to reach our profit goal.
Don’t believe anyone who says trading is easy. You need a lot of will power not to keep changing your mind every minute and sharp analytical skill. Not only to understand the other players but to comprehend world events that have an impact on the markets.
What strategy should you choose? Each trader needs to develop his or her personal approach to the FOREX. Some traders rely solely on technical analysis while others prefer fundamental analysis, but many successful FOREX traders use a blend of both to get a broad overview of the market and for plotting entry and exit points.
There are many valid tools available to recognize market movements. The novice FOREX trader is well advised to study each one individually for getting a working knowledge of their concepts and use. Once one has been understood, keep on using it while studying others. Each method tends to reinforce the others.
About the author:
David Jones is a freelance writer and world traveler who writes on subjects in which he has a personal interest. Forex Trading
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