Forex Winners | Free Download Downlod free trading sysrems , indicators and forex E-books
By // Nial Fuller
LearnToTradeTheMarket.com
By Author : Directional Forex Trading is the art of using price movements in interbank Foreign Exchange or Capital
markets to make profit. Traders may be involved in a trade for 1 second or 1 decade (10 years), depending on
their trading method and trading plan.
Our focus is the short term view of price facilitation from point x to point y.
To profit from market movements, we must predict price direction correctly, execute a trade entry, then
manage the position between our predetermined stop loss level and desired take profit level.
To win in the long term, traders must develop a trading plan with a statistical edge. Price action, market To win in the long term, traders must develop a trading plan with a statistical edge. Price action, market
trends, and support / resistance become our trading tools in creating this edge.
Every trade setup carries a unique degree of risk verse reward . The cliché – “make your winners larger than
your losses” is the most obvious road to wealth. Often, traders lose focus, and they forget what each trade
can realistically offer them in terms of profit. Markets do not move in straight lines, yet traders hold on to
winners way too long expecting some giant winner, and soon .. They see these profits evaporate. You must
lose your greedy attitude and set your rules! My trading setups aim to deliver aprox 3 to 4 times risk, and I am
happy to take that kind of profit. This means I can win 1 in ever 3 or 4 trades and still make decent profits over
a sample of trades.
When forex trading, we are effectively running a company. Trading Losses are the cost of business, wins are
our revenue. Worst case scenario, on a $10,000 size account, we have to run this company at 500 % per
annum just to make a living!. Difficult you ask? YES!
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