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Forex is a global decentralized or over-the-counter (OTC) market for the trading of currencies.
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The ABC of a Successful Trader Forex Trading is made upon appropriately educated, disciplined, and self-controlled individuals whose years of experience within the field of Foreign Market Exchange has led to true mastery of...
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I’ve often heard it being said that “a true professional trader doesn’t care if he wins or losses”. Well, this is often true because he knows his method of trading will very probably usher in profit over the future.
Whatever rule you opt to follow, the foremost important is to stay using only one rule. Be absolutely conscientious. I even have tons of scholars who lost tons of cash simply because they didn’t turn the system off at the pre-defined point.
Forex success relies on an exhaustive understanding of how a currency pair trades.
A trader spread too thin over too many pairs won’t have the knowledge needed to show a profit with any of them.
In this article, I even have only “touched” an adaptive issue from the better point of view, which is accessible to a standard user while using approaches I fully support – e.g. WFA
Generally speaking, breakout strategies with small stop-loss are better to seek out on markets like YM and ES, especially on the quarter-hour and half-hour timeframes
