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Changing Careers... to obtain the Telecommuting Lifestyle
At one time or another, every employee wonders what it would be like to work in a telecommuting situation. But, they look at their current job and wonder how they could ever do it from home. Well, that concern is quite correct as some jobs cannot be...
First Contact: The Source of Customer Loyalty
With customers being smarter, more cost conscious, more product knowledgeable and more demanding, improving customer service has become a major focus within many businesses. In Customer Satisfaction is Worthless; Customer Loyalty is Priceless,...
Gainfully Unemployed... Making the decision to strike out on your own!
They say marriage, birth, death, changing residence, and changing jobs are five of the more stressful situations that a human being can encounter---they all take a lot of courage. Courage, however, doesn't pay the bills. To be successful, you not...
The Key to High Productivity is Energy Management
One of the issues most often raised by my clients is better time management. People have tried prioritizing tasks, blocking out parts of their day for certain tasks, implementing new systems and getting better at delegation. While all of those...
THE REASONS FOR FINANCIAL FAILURE
"Money can't buy you happiness. But it helps you to be miserable in comfort." Why do people not achieve financial success? Reason One: Lack of knowledge: or more specifically, a lack of desire to gain knowledge. Make the effort to read about...
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Proper Behavior of a Forex Trader.
The world of Forex trading is a great open land of opportunities
where great profits can be achieved. But in order to obtain
these great profits you must have a proper understanding of how
the forex markets work and behave.
The Forex market is a market of trends, as you can see in any
forex chart where the oscillation of prices during specific
periods of times is more than evident. And this specific
behavior of the market is what brings us to one of the most
important rules of the forex trader behavior:
You must always trade with the trend and never go against the
evident movements of the market. This an important rule many
traders forget on the assumption that they can somehow cheat the
market. But this is not possible, you will always have to check
your indicators and if the market trend is going in the
direction suggested by the indicators you must stick with that.
You must always cut losses. Yes, every trader has losing trades
and you must learn how to deal with that fact of the forex
world. In short don't let losing trades ride too far and on the
contrary, you should let the winning ones ride as long as
possible in order to always
have a positive balance at the end
of the day. The best technique you can use in order to fulfill
this proper winning vs. losing trades positive balance is the
use of Stop Orders. Every trader should trade using stops if he
wants to maintain the proper balance in his trades for the day.
A Stop Order lets you manage and decide how much money you want
to risk losing if the trade you are in results in a bad trade.
So, if you combine this "security" stop with a correct technical
analysis of your indicators you will always be on the winning
side, even if you have a few losing trades.
In short, the proper behavior of a forex trader can be resumed
in two main attitudes: Always follow the trends of the markets
and decide accordingly (sell or buy) and always maintain a
positive balance of your trades using stop orders in order to
cut losses at its maximum.
About the author:
Adrian Pablo is a freelance writer with articles published in a
number of places. Get a free report on Fibonacci Trading and learn
more about the world of trading , visit the website: http://www.1-forex.com
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