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Are You Successful? Or Just Chasing Your Tail?
We talk about success as though it's an event or a thing. We
refer to people wearing "the badges of success", and carrying
around (or wearing or driving) the latest status symbol.
But success is not a thing - it is a way of being in the...
Distance Learning Degree Program – How to Study
The format of distance learning courses is different than what most students have experienced. The teaching style is more student directed and you will have to become accustomed to these differences. Distance learning relies heavily on technology....
How an Autistic Child Changed A Career...For the Better
Typically, career choices are made based upon responsibilities, compensation, or prestige where a businessperson makes a change to get a higher salary, more responsibility, or greater prestige. What about the situation, though, where the driver...
SO YOU WANT TO BE A CONSULTANT?
Let's say you have more than 20 years experience in your chosen field. For the sake of this article, let's say you have been in the nonprofit field for 25 years and are at the very top of your game. And let's say you're a bit bored with the hum-drum...
Too Many Maybes
Workplace decision-making often reminds me of a "Peanuts" comic
strip I saw where Lucy and Charlie Brown were discussing their
New Year's resolutions. "I'm going to be a changed person next
year," Charlie tells Lucy. "That's a laugh," Lucy...
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Trends and Profitable Trading In The Forex Markets.
The basis behind using technical analysis is to find trends when
looking at the forex charts and be aware of when they first
develop so you can ride the trend until it ends. The foreign
exchange market is a very strong trending market, lots of ups
and downs in short periods of time, and is, therefore, a place
where technical analysis can be very effective.
But even considering the great amount of indicators available,
there are still many traders every week who still end up buying
(being "long") while the currency pair is in a basic downtrend,
or selling short when a market is in a uptrend. This is, they
end doing things backwards.
If you want to become a profitable forex trader you will need
to use as many technical indicators as you want, or create a
personalized trading strategy based off a combination of
indicators, to recognize the trend. In other words, professional
Forex traders try to identify the major trend, the intermediate
trend, and the short-term trend and then
construct their trades
in that direction, based on how long their rules allow them to
hold a position.
If the action of the market shows your judgment to be correct,
the successful trader 'stays with the market' and endeavors to
make the maximum profit on each trade, according to his/her
risk-to-reward / equity management rules. If and when the market
goes against him/her, the smart trader will take profits and get
out. In a narrow market, when prices are not going anywhere to
speak of, but move within a narrow range, there is no sense in
trying to anticipate when the next BIG movement is going to be -
up or down.
In short, if you want to be in good profitable terms with the
forex markets you must follow this words of wisdom: "Never argue
with the market, or ask it for reasons or explanations".
About the author:
Adrian Pablo;Forex trader
and freelance writer.
>> http://www.1-forex.com
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