how to forex trade – need expert to know how to forex trade successfully.?
I’m questioning for who have been successful in forex trade. Can you give me some tips and advice on how to forex trade? Any strategy or rules?
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Tagged with: advice • Expert • Forex Questions • strategy • trade
Filed under: Forex Systems
This are 3 simple tips on how to forex trade:
Tip 1 – pick out a currency duo that you are familiar and comfortable with.
Tip 2 – Combine the use of both technical analysis and fundamental analysis.
Tip 3 – Take this tip onboard on how to forex trade is to be greedy whilst others are wary and be wary when others are greedy!
You can refer to the site below to know the detail about 3 tips above.
how to forex trade = http://www.forex-learning.com/forex-learning/how-to-forex-trade-3-tips
Cheers!!
When you enter a spot forex trade one currency must be strong and the other weak or both or you will not make any pips. For example when you buy the EUR/USD the EUR must be strong and the USD must be weak or both or you will lose. Everything else is just baloney. Forex traders try to make it complicated with layers of indicators that dont work which leads to a very high failure rate.
http://www.flickr.com/photos/28210474@N03/4703880642/
Here is a snapshot of my entry management tool that uses strength and weakness. Its a real time tool that tells you which pair to trade. It tells you what currency is strong and which one is weak across 25 pairs. Without a tool like this you have no chance to trade the forex.
Good Trading
Mark Mc Donnell
http://www.forexearlywarning.com/
Yahoo Answers Level 3 Responder
15 Best Answers So Far
14 years experience – full time forex trader / mentor
To be successful in forex – you need to know a few things
- Price Action – it is king in forex
- Stop loss, target profits
- Trailing stops
- Money management
- Trading psychology
- Strategies for different scenarios
When you understand all these, forex is no longer a guessing game
Asia Forex Mentor
Ezekiel Chew
http://www.asiaforexmentor.com/