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Tuesday, July 24, 2007

First Step, Learn basic about Forex...(you must have to know!!)

Learn FOREX in seven steps...check this out!!

1. Maximize Your Tools


Be sure there's a multiple tools to help you learn forex trading to become a better currency trader including free market news, and real time charts. The most valuable tool in your forex trading education, however, is the the platform currency trading Demo account, which allows you to test out forex trading strategies and learn forex trading from your mistakes without risking real money.

2. Risk Management

Every successful trader should know how much risk he is willing to take, and what profits should result from the trade. The use of stops and trailing stops is most often used to minimize losses. This is the basis of every realistic forex trading strategy. It can also be the most important factor when attempting to learn forex trading.

3. Two Ways to Trade

There are two types of traders, technical and fundamental. Both have a radically different approach to making trading decisions. Click here to find out which camp you belong to. Knowing both can help complete your forex trading education.

4. The Basics of Technical Analysis

All technical analysis starts with a few basic building blocks. With these as a foundation, you can start to make sound currency trading decisions.

5. Applying Technical Analysis

Every platform provides tools for basic technical analysis. Technical analysis shows you price history, support, resistance, trends and more.

6. Fundamentals Everyone Should Know

All Traders should understand why economic releases, interest rates, and international trade are important to movements in the currency market.

7. Psychology of Trading

The biggest enemy to most traders is not the market, but themselves. Learn four basic forex trading principals that will help you to avoid the four biggest mistakes that traders make.
source:T & K Forex Inc

Forex Online trading plan your future here..enjoy...it..!!

OKey guys, plan your future here!!..., FOREX (FX) ONLINE TRADING is kind of online bussiness. High risk and High return, right!!, so u must should know how much risk is willing to take, and what profits should result from the trade. That's the point u must understand. That's it? absolutely NO, There's more points that you must learn if u want to be succesfuly in FOREX (FX) ONLINE TRADING...We try to give more information related to online trading(basic learning about FOREX), tips and trick, news update, prediction currency, and live parameter/indicator currency(update every 30 seconds). OK get the professional trader with us...!!