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Monday, April 20, 2009

Forex Trading made easy


Are you kidding me? Forex trading isn't easy, it's about as risky a financial endeavor as you can legally participate in.Wait, let me rephrase that... foreign exchange trading is easy, success isn't. Yeah, that's right, that's my tag line. It's true.If you are looking for the easy button, here are some platitudes for you:Buy low and sell high.Have inside access to national economic reports.Witness a major international incident prior to the news reports.If you are willing to work hard, be patient, and work to preserve your capital, then here are some more helpful suggestions:Wait for a buying opportunity before entering a market.Manage your risk via position size and stop loss orders.Learn to recognize when you should not be trading.

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