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Forex Trading – Determine Forex Trend

Successful forex trading has a lot to do with determining the overall trend. Without trend awareness, a trader is most likely to suffer unnecessary losses. The trick is to trade in the same direction as the trend, however in most cases it is easier said than done. What is the best method of determining forex trend?

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Is Forex Trading Really Just Gambling?

As a beginner in forex trading, there are times when you feel hopeless and ready to quit .You are giving all of the efforts and time but the losses are still greater then profits. You start wondering if forex is really a matter of gambling and you are simply not the lucky one. Should you continue trying or losses are the signs to call it a day? Is forex trading for everyone?

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Top Forex Trader With Over $25,000 in 1 Week!

eToro forex broker continues to run weekly competitions with cash prizes for top 10 traders. Last week winners (12 July 09 – 19 July 09) are listed below:

Rank	Username	Country	Profit	Prize
1	angjian	China	$25067.7	$500
2	hana1212	Jordan	$7942.55	$300
3	danielbritez	Paraguay	$5468	$200
4	LeonardSturm	Germany	$4297.36	$100
5	Revelingame	Gibraltar	$3706.6	$100
6	raedna	United Arab Emirates	$3123.79	$100
7	tamimi1977	United Arab Emirates	$2383	$50
8	gastonepaperone	Italy	$2337.47	$50
9	kendo79	Nigeria	$2256.28	$50
10	general1	Germany	$2096.05	$50

Classical Beginner’s Scenario in Forex Trading

Great forex strategy and all those trading tools available today are just not enough to be successful. A trader needs to work hard on the psychological strength, since whenever there is money involved, fear and greed mixes in.  Without control over these emotions, a trader has difficult time following the forex trading rules and therefore fails to make rational decisions. What are the signs of greed and fear in forex trading? What are the ways to buy despite the fear and to sell despite the greed?

 

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How to Start Forex Trading – Forex Guide for Beginners

The popularity of forex trading is rising with more and more people joining the elite option of working from home. As a beginner, however, you might find it difficult to start trading and become frustrated and discouraged by pitfalls and hidden touches. What is the right way to start trading and what are the steps towards becoming successful in forex?

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Make a Living with Forex Trading

All forex traders desire consistent profits, however many fail to accomplish their dreams. Why it is so difficult to become successful in forex trading and what are the ways to make a living trading online?

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Forex Trading – Common Entry Mistakes

Forex trading requires a lot of discipline and cautiousness, especially when it comes to making entries. The lurking mistakes of entry points can turn potential profits into high-risk losses. Among the right strategies of entering a trade, what are the common entry mistakes that can turn your forex trading experience into nightmare?

 

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Forex Trading – One vs Multiple Currency Pairs

There are many aspects forex traders observe in order to pick the most profitable currency pair. Forex market has endless possibilities and no restrictions on which currency to choose and how many currency pairs to trade. The question is what are the most preferred currency pairs? How to choose the right currency pair? Is sticking to one-pair path beneficial or it is more profitable to multitask?

 

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Forex Trading the News – A “No-Go” Zone?

Trading forex can be based on technical indicators from the charts or on pure forex news releases. Major news affairs and economic data make huge impact on currency movements and ignoring new releases sounds like a big mistake. However, a lot of traders choose not to include forex news in their analysis. Why is trading news more difficult then it sounds? What are the reasons for traders to stay away from news trading?

 

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