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Forex is a short for Foreign Exchange. It can be described as a game, market, and occupation. Online Forex trading is basically an activity (mainly trading) that deals with the exchanging of currencies throughout the world via the internet.

People need to keep their feet on the ground when they consider setting up a trading business. Is it properly capitalized? Are your expectations realistic? Do you understand the business and the tools you are using?

The best way to learn how to trade in the commodity markets is to take lessons directly from a successful trader. However, even if you found the right persons, and they taught you all they know, this in itself does not guarantee that you will make money the way they do.

Forex software gives the trader the key to unlocking real time Forex information. While this may not appear like a big deal at first glance, there’s nothing more valuable to a trader. This is particularly true of the Forex market, which can be influenced by so many factors (political, economic, even weather conditions).

The turtle experiment took a group of people who had never traded before and trained them and the result? These traders went on to make hundreds of millions of dollars and become some of the most famous traders of all time.”The Way of the Turtle” by Curtis M. Faith. Is a book written by one of the turtles themselves and is an excellent insight in what you need to do to become a successful trader.

You can make money using Forex charts but most traders lose and the errors they make are listed below. You can make a lot of money using forex charts but you must use them correctly, so here are the errors you must avoid.

A fatal mistake made by many novice Forex traders is they think they need to predict where prices will go to win in there Forex trading strategy. You don’t have to predict to win and if you try predicting you will lose – let’s examine why in more detail.

There are many forex traders who make huge profits yet many don’t have a college education and many don’t spent all day trading – what separates them from the rest is their mindset. Trading is a combination of method and mindset and this is what this article is all about.

Knowing the fundamentals or the news does not guarantee currency trading success – You need to be able to measure investor psychology and how they perceive the fundamentals, to get the big picture and that’s exactly what forex technical analysis does.

The Forex trading strategy we are going to look at here is not complicated and anyone can do it, but if it is executed correctly it can make you triple digit gains or more with very little effort or monitoring. So here is your simple forex trading strategy for big gains.

If you are or desire to be a news trader in the foreign exchange (FOREX) market, you definitely need to depend on reliable information sources for the success of your trades. Whether a news, trader, day trader or long-term trader, you will find that being armed with reliable information can help you succeed. Where can this type of information be obtained?