The #1 task of a leader

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Today, we have more news than ever and its delivered in the click of a mouse and many traders want to trade it and make profits – after all it’s the fundamental supply and demand situation that drives forex prices. No it isn’t! Supply and demand fundamentals are not important by themselves – it’s how they are perceived that determines price.

There are lots of forex signal services to choose from and the idea is appealing, no real work, just follow the signals generated by the forex trading system software or vendor and get big profits longer term. To choose the right forex trading signal service however you need to consider two key points.

This trading tip is simple logical and will if you apply it increase your profit potential dramatically. It dates back to the nineteenth century and applies in many areas of life not just forex trading and is known as the 80 – 20 rule. Let’s take a look at it in more detail.

I constantly read articles about the advantages of forex trading but these are actually disadvantages for most traders and that’s why 95% of traders lose all their equity quickly and here we will look at the two specific reasons, most forex traders lose… 1. Leverage – Today, you can leverage your investment with an online forex broker by 200, or even 400 to 1 and this creates tremendous profit potential. But it’s a fact that most traders actually over leverage and lose.

There are many who think that being intelligent or clever will help them become better forex traders but academic excellence or being clever can be a hindrance rather than help… Why? Because trading forex is simple and if you complicate it you wont win and many people who are intelligent or clever also have big ego’s and if you want to trade forex you need to leave your ego behind.

Human nature is constant and humans determine the price in any market, therefore if you know the law of human nature you have a scientific theory you can apply, to predict prices and make big profits. Let’s look at some forex trading systems based on scientific movement.

If you want to catch the big profits in forex trading you need to trend follow forex trends which are longer term. Here we are going to give you a 3 step simple method which if you use it correctly, will help you catch every major forex trend and lead you to long term currency trading success.

Many traders want to learn currency trading and the obvious place to start is with a currency trading course and there are many that are sold online – but how do you choose one? Here are some important points to consider.

Yes! Certainly there is hope for beginners in the forex currency trading market, opportunities abound for all, and there are no more restrictions now. In past the Forex market was restricted only to big firms, financial institutions and multi millionaires, but today with the advent of the internet everyone can access the online market and make money.

There are by far many more losers than winners in the business of FOREX and Futures Trading. For the vast majority of traders it is a short lived experience that results in the loss of most if not all of the money used to fund the account. Many are lured into the business by the ads that speak of great profits earned in a very short time period.

To make money in forex, you have to learn how to trade strategically, as well as, tactically. The forex market being a 24hr, 6 days a week market, you have to pick your spots. Are you an owl or a lark?