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Monday, July 6, 2009

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

By Michel Brockworth

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

When you trade you want to know Your edge when you trade you have to know your trading edge - this is the exact reason (defined) which implies you will appear a winner, when 95% of traders lose. If you do not know what your trading edge is - you do not have one and will lose.

It's a challenge but you can make huge 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 basics this means not only learning how and why the markets work - but why you are trading system will steer you to success, so you can get confidence in it and the wherewithal to follow it.

Are you prepared to do this?

You need 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 reports is a way to win and others trade from the tum and all of them finish up with a wipeout of equity for their trouble. On the other hand the trader who learns the right currency trading basics and has confidence and discipline can make huge gains.

You don't need to work hard to win. This has got nada 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 attitude to stand alone and win. So if you want a challenge, currency trading basics and having the right perspective to stand alone and a burning desire to succeed, you could be on the way to a great second or life changing earnings. - 23208

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