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Knowing yourself helps to improve your chances of making money in the Forex Market. Knowing your own ability to control your fear or greed will help pave your way to successfully investing in the forex market

If you are a successful professional in another area of work will your present skills be enough to make you a successful forex trader? Discover how professionals from other occupations move into the field of forex trading, and how they become successful forex traders.

The classical figures of continuation and reversal of the trend are always of great importance to a working trader. A trader can come across the following figures. A figure of the trend prolongation (continuation) indicates that there takes place the trend common correction (recoil). After the end of it, a deal must be opened along the trend. For instance, under the condition of the “bull” trend and the downwards-turned recoil, one must open a deal on “buy”, trying to “surf” with the trend new wave.

The classical figures of continuation and reversal of the trend are always of great importance to a working trader. A trader can come across the following figures. • A figure of the trend prolongation (continuation) indicates that there takes place the trend common correction (recoil). After the end of it, a deal must be opened along the trend. For instance, under the condition of the “bull” trend and the downwards-turned recoil, one must open a deal on “buy”, trying to “surf” with the trend new wave. • The trend reversal figure indicates that a currency pair has reached its peak, after which the reversal happens. Starting from the peak, one must open a deal against the previous trend direction. For instance, at the top of the “bull” trend, one must open a deal on “sell”, trying to detect (“catch”) the new trend first wave.

Forex brokers are available everywhere, however it is not an easy job knowing with who to trade forex. These 5 criteria are crucial no matter which broker you decide to trade with.

Three powerful criteria that makes a forex trader are the basis for success. In this article we will see 3 key areas to help you achieve forex trading success.

A decade ago foreign exchange trading in the forex spot market was reserved for huge traders. Today, small or big, the playing field is the same. Let’s look at key benefits for a today’s new forex trader.

The start of the London trading session marks a period of increased volatility in the Forex market and a period of more opportunities to trade. As part of your Forex trading education, run through this checklist to see if you can identify good trade setups regularly at this time of day.

Discover How Everyday People with No Forex Experience are Building Huge Investment Portfolios

For the trader who employs a forex trading system, he can still face the losing trade with a smile, because he has had followed through the trading signals in a disciplined way, and it is only when a trader follows a system, he can be sure of keeping his losses small and to live to trade again another day. Is there a place for day trading in a forex trading system?

Currency trading training is an ongoing process. Even when a trader has reached a reasonable level of success constant monitoring is necessary. These 7 favorite tips can be used regularly as reminders in the training process.