NEWS FUSE

The clues are in the details - The bottom of your account balance does not tell the whole story . Consider individual business details , analyze your losses and the bad times they say. Generally , traders that make money without suffering significant daily losses have the best chance of maintaining a positive performance in the long term.

Simulated Results - Be very careful and cautious about systems infamous " black box". The so-called trading signal systems do not often explain exactly how market trading signals they generate. Typically, these systems only show their track record of extraordinary results - historical results . Successfully predict future trade scenarios is altogether more complex . The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems , not to help you trade effectively in the future.

Know a cross at a time - Each currency pair is unique and has a unique way of moving in the market. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from their experience and apply their learning to a cross at a time.

Risk Reward - If you put a cap of 20 points and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the diffusion you operate on, it is more likely to be 1-4 . Play the odds the market gives you.

Trading for Wrong Reasons - Do not trade if you are bored , insurance or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place . If you are unsure , it's probably because you can see the trade to make , so make one .

Zen Trading- Even when you have taken a position in the market, you should try to think as you would if you had not taken one. This level of detachment is essential if you want to retain the clarity of mind and not succumb to emotional impulses and therefore increasing the likelihood of incurring losses . To achieve this it is necessary to cultivate a calm and relaxed attitude . Trade in brief periods of no more than a few hours at a time and accept that once the operation, which is out of their hands.

Determination - Once you have decided to place a trade , stick to it and let it run its course . This means that if your stop loss is close to being triggered , let it trigger . If you move your stop midway through a trade 's life , it is more than likely to suffer worse moves against you . His determination to display when it is recognized that was wrong , so get out .

Short-term Moving Average Crossovers - This is one of the most dangerous trade scenarios for non professional traders . When the short term moving average crosses the longer term moving average it only means that the average price in the short term is equal to the average price in the long run . This is neither a bullish nor bearish indication , so do not fall into the trap of believing it is one .

Stochastic - Another dangerous situation. When it first signals an exhausted condition that's when the big spike in the currency pair "exhausted" tends to occur . My advice is to buy at the first sign of an overbought cross and then sell on the first sign of an oversold . This approach means that you will be with the trend and have successfully identified a positive move that still has some way to go . So if DK percentage rate and are both crossing 80 , then buy ! ( This is the same for the seller , sold to 20) .

A cross is all that counts - EURUSD seems to be trading higher , so you buy GBPUSD because it appears not to have moved yet. This is dangerous . Focus on one cross at a time - if EURUSD looks good to you , then just buy EURUSD .

Wrong Broker - A lot of FOREX brokers are in business only to make money with it. Read forums , blogs and chats around the net to get an unbiased opinion before you choose your broker.

Too bullish - Trading statistics show that 90 % of most traders will fail at some point. Being overly optimistic about their bargaining can be fatal to your long term success . You can always learn more about trading the markets , even if you are currently successful in their operations. Stay modest , and keep your eyes open to new ideas and bad habits you might be falling in to.

Interpret Forex news yourself - Learn to read the source documents of Forex news and events - do not rely on the interpretations of news media or others.

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