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Trend is Friend

by admin on January 7, 2012

In forex Trading, how far it is true that “Trend is your Friend”? It is always seen that, In any market situation, if you go against the trend, you loose. In Forex trading, market gives you an opportunity every now and then but if you analyze carefully, only those who cash the profit, those who stay with trend.

As a investor you are responsible for your own profit or loss, so don’t make any mistakes in recognizing trend. With trend there are only three things can happen, one- market may be Bullish, bearish or range bound. To recognize the trend you need to know the movement of the market and long term appearance of the candle chart.

It is obvious that when the Bulls are stronger than bears, in short when bulls pushes the price to new heights we can clearly say that market is in a uptrend and bullish. When, bears are stronger and brings the price down, we say that market is in a downward trend. Also when the market bounces between certain price range, we say that it is range bound. Having said this try to identify the trend of the market before placing the trade.

Don’t loose the money by placing the trade against the market.

Best of Luck

Stay in touch with your trade and forex market.

by admin on December 11, 2011

It is very important to stay in touch with Forex market, follow this without fail. Forex Market is very volatile, there are always many opportunities to make money everyday. Just stay in touch with market and watch closely. Also, make sure that your plan is flexible. Don’t be stubborn when you put the trade, also make sure that you have flexibility in your plan, if it goes against you then don’t worry close the Trade. In Forex Trading it is not possible that you will make money in each and every trade. Check your trade every moment and make sure you are not risking your capital for making few pips even when the trade is going against you.

Make sure you update your orders and positions every moment, watch your margin. Adjust your “Stop loss ” ticker every time. Just make sure you minimize your losses, if your trade goes against you.

Success with Forex Strategies

November 19, 2011

Success with Forex Trading is not the game of luck. The Good gain in Forex Trading has direct relation with disciplined and planned trading strategies. If the success ratio is more than 60%, then you are making huge profits. Your plan should include but not limited to: Which currency pair to choose. How much loss [...]

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Career of choice- know your inclination

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We come across many unique personalities through out our life, we see some are having very specialized skills than others, some of them are very good bean counters,some of them expert on tools, some are very good paper pusher, some are very good organizers and some are good leaders if these properties don’t match with [...]

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Careeer of Choice

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It is big question of a life, what career to choose? what would be the best suited career for me ? how i will get success and what career to choose to get the success in life? specially when you are stepping out of high school it is big question in front of everyone, few [...]

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For Success in Forex trading maintain consistency in making pips everyday.

October 11, 2011

It is noticed that disciplined trader always gets rewarded for his devotion and consistency in trading. Forex market gives opportunity to every trader to make money, but we as a trader need to en-cash that opportunity to make profit. If you notice closely any currency pair in a day gives at least couple of opportunities [...]

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