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Forex Trading An Introduction To Forex Trading For Beginners
Did you know that Forex is 4 trillion USD /day market. It determines the rate of exchange
for currencies worldwide. Currency on the Forex market is traded in pairs. For example
USD/JPY It is a pure market that operates on supply
and demand. Due to its size and scope it is just about impossible to manipulate.
In 2001 the markets became available to the general public using PC's.It was extremely
attractive to traders due to its makeup. There are only two things that can happen.
The price of a currency will go up or down. Even if you know nothing you have a 50/50
chance for success. So if you learn to recognize trends and patterns
you supposedly can increase your odds. Add in money management and you should really
start to profit. If this is so why do so many people fail in
Forex trading? It's simple they don't have a plan. They are flying blind and doing what
everyone else is doing. That is a sure recipe for failure. The key to success in any market
is to see what everyone else is doing and they run the other way.
My advice when you are starting is avoid software and Forex robots. The more complicated your
system the larger your chance for failure. It's the old KISS theory. KEEP IT SIMPLE STUPID!
When first beginning, to trade, less is more. If you want to learn a simple and effective
system for FREE go to www.TheGermanBankerSecret.com/Free
Forex Trading For Beginners