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The Trader’s Arch Enemy
Recency bias may not be a home expression, but I guarantee that anyone that has ever traded has experienced it. Recency bias could be the predisposition for dealers to place extra importance on more modern trades and to place less worth on less recent trades.Forecasting Exchange Rates, As Unpredictable As The Weather!
With something as unpredictable as the Forex market, myths that suggest that it is anything other than a labyrinth with a minotaur around every corner are dangerous. Given the odds, it is almost impossible for a new trader with zero knowledge of the market to get lucky and make their fortune. They are almost certain to crash and burn without expert guidance yet the proliferation of myths regarding foreign exchange rates make it more likely that they will try and beat the market with no knowledge anyway.How Automated Forex Trading Software Helps You Learn and Earn
Can an automated forex trading platform help you learn and earn from the forex market? For those who have extensively used platforms, the answer will be an unreserved yes. It’s unfortunate; however, that not many people are earning from forex not because the platform is in some way limited. Most times the reason for lack of success comes from neophyte traders not fully taking advantage of the features of the platform.Forex Indicators – Which Are the Best Ones?
There are several indicators or charts used in Forex market now. They differ in the methodology but they all have the same purpose and goal: To help traders predict what will happen due to fluctuating rates.Use Technical Analysis When Learning Forex Trading And Maximise Your Profits
Making money forex trading is all about correctly predicting the future exchange rate. Some traders may wear their lucky pants, others may read the tea leaves but the best method for any aspiring forex trader is using the tried and tested tool of technical analysis.Most Successful Forex Traders Overcome Futures Fright
This short piece describes how personal prediction skills get confirmed or refuted with every trade. It discusses the tortures of attempting living peaceably with a nagging opponent, the worm of doubt.Forex Time Frames – How Many Time Frames Should You Use?
The great thing about the Forex market is that it is open 24 hours a day (Monday – Friday). This means that it’s very easy for people all around the world to trade any time frame they like. However I personally believe that your ultimate success in this industry will not only be determined by which time frame you use, but also by how many time frames you use.How To Use Forex Trending Indicators
When you are trading foreign exchange, you need to be able to spot trends in order to be able to sell and buy at the right time and then maximize your profits, and forex trending indicators can help. There are tools that you can use in order to give you the best information to sell at the right time in a trending market and these are called forex trending indicators.A Review of the Best of Today’s Currency Trader Robots
Originally currency trader robots programs were designed for professional traders looking to cover gaps in their trading schedules. These programs would watch over their investments and make competent trading decisions based on directions which the market took while that trader was away. Before too long this technology was expanded upon so that anyone could use it to trade effectively for them in the full 24-hour schedule of today’s currency exchange. These programs eventually hit a consumer-based level and quickly exploded in popularity given the fact that they can essentially make smart currency trading decisions for you around the clock without your time, effort, or experience required. With so many programs on the market today all vying for your attention, it’s very difficult to distinguish one sales pitch from another, so I decided to share my review of what I believe to be the best of the currency trader robots on the market today after four years in working with these programs and relying on them day in and day out.Forex Mastermind Mentoring Program Review
Would you like to find out more about the Forex Mastermind Mentoring Program and what the training materials you can get by signing up with this course? This program comes with many different forms of media training materials such as a resource CD, DVDs, an automated SMS trading signals service and also a 30 day subscription to an online live trading room.