Thursday, November 12, 2009

Tools and Tactics of Profitable Forex Trading

Tools and Tactics of Profitable Forex Trading

I wanted to take the time to talk to you about some tools and tactics that will help make you have a more profitable forex experience. I've been in this market for a few years now and it wasn't always profitable for me. I learned a lot of what I know today through some tough losses, so I wanted to pass some of this onto you. There is no need for more people to lose money on learning these lessons.

Watch The News

There is so much good information presented on the news, but most traders ignore it because the content isn't filtered toward a forex trader. It's just generic. You have to start watching it and paying attention to anything that will have an impact on the economy. If it is good for the economy, it is good for the currency. If it is bad for the economy, it is bad for the currency.



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