I'm going to share with you some of my foreign currency investment strategies. I've been trading for a few years now and I've learned a lot from simple trial and error. This market is very profitable, but at the same time very unforgiving. Money can be lost very fast if you're full prepared to trade. It is estimated that 95% of individual traders out there are losing money. That's a lot of traders, but what is more alarming is that only a small 5% are making all the profits. That's a lot of money you could be making if you can get yourself into that 5%. It took me years of trading before I got to that point and I'm going to share with you a little about what I've learned during that time.
The news is an excellent source of information. You wouldn't think so by the way they present it, but if you read between the lines and extrapolate information, you can easily figure out how the market will perform. The news never talks about foreign currency investment, but it does talk about the economy, which plays a huge role. If the news is good about the economy, than it's good for the currency. If it is bad for the economy, it is bad for the currency.
Another great strategy is to make sure you have an automation tool like Forex Loophole. It's a piece of software will watch over your trades and market, while you can't. This is a global market, so it's open 24hrs a day. You can't watch it all the time and it seems like gambling to leave money in the market with no one watching it. This is why having software can really help you out.
| Learn more about the Forex Loophole. |
No comments:
Post a Comment