FOREX TRADING MARKET.

 FOREX TRADING TIPS: NEW THINGS TO CONSIDER BEFORE TRADING.

https://www.youtube.com/watch?v=kAy0AZxGsYs

 20 Habits of Wealthy Traders.

1.Wealthy traders are patient with winning trades and are enormously impatient with losing trades 2.They realize that making money is more important that being right 3.They look at charts as a picture of where traders are lining up to buy or sell 4.Before they enter any trade they know exactly where they will exit for either a gain or a loss 5.They approach trade number 5 with the same mindset they did on the trade 4 previous losing trades 6.They use "naked" charts and focus on zones 7.They realized a long time ago that being uncomfortable trading is OK 8.The markets are their workplace. They are a participant, not an on-looker. 9.They stopped trying to pick tops and bottoms. 10.They stopped thinking about the market being "cheap" or "expensive" 11.They are willing to change sides if the market tells them to do so 12.They trade aggressively when trading well and modestly when they are not 13.They realize the market will be open again tomorrow 14.They never add to a losing trade... EVER 15. Cash is the goal, but never the measure of success 16.They read about mobs and riots 17.They provide liquidity to the markets while watching price and volume 18.They have a way to gauge fear, greed and speed of the markets: Tick charts 233, 612 19.They practice reading the right side of the chart, not the left 20.Every wealthy trader has an "edge" they can explain to their mothers 21.Their position size is calculated exactly on risk tolerance 22.Profit targets are based on average range or something objective 23. One or two trades a month make their month 24.Confident decision makers in the face of incomplete information 25.A losing trade does not mean they are a loser 26.They buy higher highs and sell lower lows 27.Their business isn't trading, it's finding the right trades 28.They write down or record every trade, price, thoughts, news, attitude 29.Their conviction on an active trade remains unless something major changes 30.A winning trade does not result in taking on extra risk the next trade 31.They trade the reaction, not the news 20 Habits of Wealthy Traders.

https://www.youtube.com/watch?v=el10dgDa2Do

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If You Want To Be Rich, Stop Focusing On Your Salary (Do This Instead):How do the rich get richer?

THE BEST KEPT SECRET OF TRADING.
Forex trading is not only about using appropriate strategies, but also about proper timing. Yes, it is true that the Forex market is open 24hrs a day but it is not always active. This means that while you can make money when the market is going down or up, you'll find it difficult to make a profit if the market hours as well as the best times of the day and the best days of the week to trade.

The Forex market has 3 major trading sessions: the Tokyo session, the London session and the US session. Between each session is a period when two sessions are open at the same time. For example, both the Tokyo and London sessions are open between 3AM-4 Am EST while the London and US markets are open from 8AM-12PM EST. These then are the busiest time for trading since traders who wish to purchase currency from another continent can do so.

Of all trading markets, London usually shows the most movement because it involves a number of countries such as UK, EU member countries and many other.
TO BE CONTINUED..

Money Making Opportunities In Forex Trading:How to make money in Forex trading the Non-Farm Payroll in the Forex Trading Market. To be successful and made money in the Forex trading market,you must take economic report as your friend.Economic report interpreted by professional traders as economic indicator in trading chart forms the basis of trading strategies used by traders in making money in he market. Market investors frequently trade on information they believe to be superior and relevant,when in fact it is not and is fully discounted by the market.Forex trading moves from major banking centers of the U.S to Australia and New Zealand to the far east to Europe and finally back to U.S. Non-farm payroll report is a key economic indicator for the United States.It could be represented thus:The total number of paid workers in the U.S minus (Farm employee+employees of Government+employees of non profit organizations+household employees)The report generally came out on the last Friday of every month at 8.30amEST. TRADING STRATEGY: 1.A good trader who wants to profits from the report needs to be patient so as o capture the real movement after the announcement.Ride the market movement. 2.Trade like professionals and make profit.How does a professional trade the report?"after the initial swings has occurred,and after market participants have had a bit of time to reflect on what the number means,they will enter a trade in the direction of the dominating momentum.The professionals even wait for a signal that indicates that the market may have choose a direction. The strategy works best with GBP/USD pair.

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