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Thursday, July 2, 2009

Automated currency trading - No BS Trading recommendation from a genuine Pro .

By Michel Brockworth

You are going to look foolish and lose if you read a large amount of the nonsense written online, you can trade with some losses here and there or no losses but even the best foreign exchange trading techniques, will lose for weeks on end. You will face losses and the market making you look foolish - can you handle this and stay on course?

When you trade you want to know Your edge when you trade you must know your trading edge - this is the exact reason (defined) which means you will emerge a winner, when 95% of traders lose. If you don't know what your trading edge is - you don't have one and will lose.

It's a challenge but you can make large profit if you know what you are doing. To many novice traders like to follow like sheep and get slaughtered.

You need to stand on your own and take responsibility - are you ready to do that?

you'll learn the fundamentals this means not only learning how and why the markets work - but why you're trading system will point you to success, so you can obtain confidence in it and the willpower to follow it.

Are you prepared to do this?

you want to trade in isolation In common-or-garden life, we are taught to conform with the majority and hear pros. In foreign exchange trading you must disregard the majority view, as the majority lose! Can you ignore the majority and follow your own path?

Other traders think trading expert news is a method to win and others trade from the a method to win and they all end up with a wipeout of equity for their trouble. On the other hand the trader who learns the right foreign exchange trading basics and has confidence and discipline can make massive gains.

You don't have to work conscientiously to win. This has got zilch to do with working hard (you don't get rewarded for effort just being correct with your trading signals), it's to do with working smart, learning the right foreign exchange trading basics and having the right perspective to stand alone and win. So if the right foreign exchange trading will give it to you and with the right angle and a burning desire to be successful, you might be on the way to a great 2nd or life changing income. - 23159

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