The Euro Collapses, Just As the Candlesticks Said it Would

By William Kurtz

It was written in the Bars, and we know the culprits: Double Tops and Candlesticks. Over the past 14 weeks, the Euro has declined from a high of $1.6038 on July 18 to $1.3000 as of this writing on the evening of October 21, 2008. If this continues, quite soon it might be within the realm of reason to consider a vacation trip to Europe again. There are many reasons for the falloff, some of which, at least, are related to the European banks' difficulties and the collapse of the housing market in several European countries.

All looked well for the Euro back in July. it appeared that the ascendancy of the Euro was becoming a permanent fixture, and that the further obliteration of the Dollar was inevitable. How things have changed!

Was this cascading decline inevitable? Perhaps not. Was it foreseeable? Absolutely. The "double top" price formation is generally considered to be a bearish omen. On the Euro's Monthly chart, we see a nearly-identical top in prices for the month of April and for the month of July. These readings were refined further in the Weekly chart, showing nearly identical tops for the weeks of April 24 and July 18; and they were still further refined in the Daily chart, showing nearly identical tops on April 22 and July 15. Investors and traders who had been aware of the April formations would have been well-served by keeping an eye on price progress during July to see whether a similar pattern emerged; and if it did so, they could have taken appropriate action at that time in anticipation of a substantial downdraft in the price of the Euro.

Had they been schooled at all in Candlestick interpretation, investors would have noted at the end of April that the price bars on the Weekly charts of the Euro exhibited long upper "shadows," or "tails" or "wicks" if you prefer, which were clues that traders had tried to drive prices higher, but that in each case they were rebuffed. This circumstance is also a bearish indication, which the knowledgeable trader could have added into the mix of evidence following the second Double Top in July - and he could have made his move to the Short side.

Failing a response to all of that evidence, three weeks in a row of declining Euro prices in July ought to have been enough to satisfy all but the most diehard trader that there was a strong likelihood that prices were on their way down for an extended stay. William Kurtz October 21, 2008 http://www.candlewave.com

Online Currency Trading and the Power it Brings to the Investor That Knows How to Use It

By William Alheim Jr

The power of the internet and how it relates to trading the Forex markets can not be understated. By utilizing online currency trading a private investor is able to instantly react to geopolitical events happening world wide that can have an effect on a particular currency. Only after understanding and taking the time to learn Forex trading is individual financier able to completely utilize the news coverage and make profitable trades.

One of if not the strongest indicators relating to the FX markets are press releases, news conferences and interviews of government officials that comment on a particular event of that countries economy. When these statements are made public one can and will see a correlation to the currency of that country. The savvy online currency trader has learned how to take advantages of this news through the use of RSS feeds from large news organizations such as Routers. The RSS feeds are free to the subscriber and release the data to them as quickly as they do to subscribing news services.

By focusing and maintaining constant vigilance to news related for a particular currency the online currency trader is often able to make large profits or avoid catastrophic loses. In fact, there are many large players in the markets that make millions each year by only trading on news releases that are relevant and happen when the trader is online and able to react to them instantly. There is other group of investors that attempt to anticipate the news from a country and get a head start on the market. When there beliefs are confirmed substantial profits can be realized. However, when the news does not come out in a timely fashion, is not the expected news or the projected reaction by the Forex markets did not go in the direction the investor wanted, the trader can suffer trading losses.

Whether the news coverage is used as a primary or secondary indicator by the wise online currency trading investor, it defiantly can not be debated that it is a significant asset that must be monitored constantly to maximize ones result. Many professional traders which can be both private and public use the news coverage in conjunction with there Forex trading software systems. A classic approach for this technique is to receive a signal from the currency trading system that the trend line on a particular currency has changed. The trader will then check the trend line the signal is indicating a change has accrued. If confirmed, the trader will then search for news coverage attempting to explain why the trend line has changed. Once all three indicators are producing corresponding results this usually offers a huge trading opportunity. Above are some ways to utilize online news coverage after taking time to learn currency trading and make it work for you.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Software Trading Systems Are Great, But Which One to Buy, There Are So Many?

By William Alheim Jr

You want to start trading the currency markets and realize you are a fool to invest in the markets without having all the best trading tools at your disposal. You have read quite a bit on investing in the FX markets and want to buy a Forex software trading systems but are really not sure which one to get first. Not to worry, if you were a professional Forex trader you aren't concerned about which one to get first, you buy everything that has every been produced and test them out attempting to find any little boost you can. That is what I have done, and I will tell you what you need if you are just beginning.

Every professional currency trader has two types of systems working on their computer. One is a trend based system and the other is a signals based system. Often they will have one or more formula based systems working in conjunction with the above. There are many fine currency trading software systems available today. If you purchase one of the top tier products you should be in good hands.

Most of the systems advertise themselves as automated products, don't be troubled over this, almost every one of them allows you to turn the automated trading part of the software off. If you are under the impression any of these systems that are automated can really make money for you in the long term, you have lost you mind, they don't work! Take my word on that right to the bank.

What these Forex trading system do well is gather data and format in a pattern based on its pre-programmed function. They perform this huge task in a manor that in humanly impossible. That is pretty much all the do well and that is pretty much all you need them to do. There are a few software systems that function both as a trend system and a signal system, which will save you a little money when you start. I don't use them because I find the stand alone software works better. After all, in only one trade I make ten times what one of these systems cost, what do I care what they cost? I only care about the results they produce.

There it is, that is all you need as far as Forex software trading systems are concerned to make big money trading the currency markets. It is just a little part of the equation though, hopefully you have taking the time to learn Forex trading. If not, you better, unless you don't care about your investments. After you get yourself the trend and signal systems open a demo account at a Forex brokerage firm and learn how to use them before you start trading with a real money account. You do everything I have mentioned above and you are well on your way to become a private investor who makes a real nice living trading the Forex markets.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Online Training Has Exploded - Is it too Late to Catch the Train and Make Big Money?

By William Alheim Jr

Ten's of thousands of people each day are joining the gold rush called the Foreign Exchange Markets (Forex or FX,) attempting to grab there little piece of the pot. They are arrive from every country on earth, speaking virtually every language spoken and all are after the same goal, the great wealth that private investors are making every day for themselves trading Forex online. If you are asking yourself if it is too late to get in on this auspicious event, the answer is no, it is just beginning. It is the survival of the strong, where the beginners who have taken the time to acquire a Forex online training will make there way to the top as the others sink to the bottom.

The more people that join the better, because this means the educated currency trader will have more opportunities to prosper as the novices jump in with little understanding of the markets. A great poker player once told me, "Bill, you know the easiest way to make a lot of money playing poker, playing against BAD players." Investing in the Forex markets is no different than playing poker, the more poor investors that there are the better chances for the smart financiers to prosper.

There are more BAD Forex traders than there has ever been, and as the FX market grows, the BAD FX trader is also growing. Those who have been learning Forex trading online will push aside the investors who thought they could enter the markets without any training and force them to constantly reinvest until they reach the point of either quitting or acquiring the education the winners possess.

So if your wondering if this is the time to join the currency markets, the time has never been better. Just make sure you know what your doing and have at least one Forex online training course to prepare you for what you about to experience. Remember there are sharks and minors in the waters. Do you want to be a shark or a minnow? Sharks eat minnows and gobble up tons of cash while the minnows sit and wonder what went wrong. The minnows failed to learn Forex trading at it highest level for one of three reasons. Either they were cheap, they thought they did not need to be educated or they were impatient and wanted to just jump in and test the waters. The minnows learned there lesson the hard and expensive way, please become a shark and gobble up the minnows and the cash they are giving you.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Currency Trading Can Make You a Rich Person, Only If You Learn Forex Trading From A to Z

By William Alheim Jr

An admirable goal for most of us is to become financially independent and improve our and our family's life style. Many people are turning to Forex currency trading in an attempt to accomplish this task. The markets certainly offer an excellent opportunity to meet and exceed your goals. In order to do this one must become educated in all facets of the currency markets. For the most part there are two distinctive ways to gain this knowledge. One way is to be self taught and learn to trade the Forex markets by gaining trading experience while finding out what works and what you might not want to do anymore.

The vast majority of the potential investors today entering the markets follow a different approach and receive there education by the way of a Forex trading course. These offer many advantages over attempting to learning to trade for yourself. The first being the time factor and being able to get up to speed where you can actually make money trading the Forex markets. The next is the investment required to obtain this knowledge. Taking an online currency training program is defiantly going to be less expensive that learning to trade by trial and error.

There are many great programs offered today online that have been significantly improved over the years. My personal favorites are the mentoring programs that allow you to have one-on-one training with a professional Forex trader. The great thing about these types of courses that you usually leave the course with more money than you had before you signed up for the course. This happens because part of the instruction in one-on-one real time trading sessions where the student is allowed to trade with their own money while being instructed by the professional trader.

Which ever approach you take to learn Forex currency trading you can be sure that there is a pot of gold at the end of the rainbow if you ever figure out he currency markets. They are not as difficult as some people make them out to be. After all, a currency can only go one of two ways, which makes the possibility of picking a winning trade fifty percent. If you can just take that percentage up a few points you are well on your way to winning big in the markets and reaching your goal of becoming financially independent. Just make sure that when you take the first step and start trading you are ready for it by taking time to learn Forex trading A to Z.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

5 Tips to Trade Forex Like a Professional Currency Trader and Make As Much Money As Them

By William Alheim Jr

The process of entering the currency markets and starting to trade Forex is a fairly simplistic procedure; the difficult part is making money. It really is not complicated if you follow a tried and true formula, but the vast majority of the people entering the markets are doing it on a whim and says to themselves, "if I lose a little money, I will just quit." They absolutely refuse to invest in themselves or the tools they need to become successful. If you are one of them, just click off this article now, I don't want to try and help you at all because you are losers and always will be losers. For the rest of you that are serious about making money trading currencies, if you follow the path presented below I guarantee you that you will be successful and make money trading the Forex markets immediately. In fact after a year or two you will be making a real nice income.

1) Learn Forex Trading:

As with anything the foundation of success is based on knowledge. Do the following and you will be excellently educated when you begin trading and it will not cost you anything to receive the free education. Take a comprehensive online training program which cost in the $100 range. This will provide you an exceptional foundation that you will allow you to build on it. Next enroll in a mentoring program instructed by a professional Forex trader. Here you are going to receive one-on-one training and trading experience. The cost of these is anywhere from $250 to $600. At the end of the course you will start trading with the pro using your own money and you will end up making back the cost of both programs. Now, you have taken the time to learn currency trading and half not spent a cent, on to the next step.

2) Get the Forex Trading System tools you need to compete in the Currency Markets:

You basic requirements regarding a Forex software system are a trend based product and a signal based system. Buy them and learn how they function. Make sure you understand how to program your own specification into the Forex software systems.

3) Open a Demo account at a Forex Brokerage Firm:

Now you have a good education and the software you need to make big bucks. Next open an account at a Forex broker and you will get a free demo account and start practice trading everything you have learned. When you are able to make money over a one month period you are now ready to take it to the next level and use a real money account.

4) It is not a Game; You're here to make Money:

Don't under any circumstances get caught up in the excitement rush trading the Forex markets brings to you. Remember and you must never forget this, you are here only to make money.

5) Cut the number of Forex trades you Make in Half:

After the first month take time to sit back and analysis your trading pattern. I 100% guarantee you that you violated tip #4 above. If you have never traded anything, it will be impossible for you to understand tip #4. You only will appreciate its importance after you start trading. You must learn patience, in order to do that I recommend the second month of trading you reduce the number of trades you made in the first month by 50%. This you make you much more selective and look for better trading and money making opportunities.

If you follow the above steps before and after you start trading Forex you have an excellent chance to make money from the very beginning. If you cheat yourself and skip any of the advice mentioned, well I don't really want to tell you, I told you so, but I will. I told you so, that if you don't invest in yourself and invest in the tools you need to win, you would be a loser and always will be a loser. So you are a loser! Now go back and do it the right way, the way you should have done it the first time.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Forex Expert Advisors - Are There Actually Legitimate Trading Systems Out There?

By V. Singh

How many times have you come across a new Forex expert advisor that claims to make you overnight riches within the Forex market. These trading systems are being pumped into the industry at excessive levels and unfortunately they have saturated the market and in turn given the automated Forex trading industry an abysmal reputation.

Most of these Forex Expert advisors have computer software they have programmed within their system which they claim will make you money - however the vast majority of them are based on unsound logic which has no chance of working and producing consistent winning trades.

The major issue concerning these phony expert advisors is the fact that most of them will present you with a hypothetical back test as evidence of the systems money making power. These records are basically made up and simulated to fit the creator's needs and they prove absolutely nothing. The vendor clearly knows all the opening and closing prices, the exact tops and bottoms, and therefore knowing all these facts he is easily able to simulate a dodgy track record to prove his system is making immense profits. Obviously the main problem is that these records are not real and just a tactic to steal your hard earned money.

Most of these systems are released by those extra savvy marketing gurus, who have only one thing on their mind, SELL SELL SELL, and they don't care if their product works or if it is actually beneficial, they just want to make that sale. Their sites are fairly easy to spot out, as they will have pictures of tons of cash, Ferrari's, mansions etc. and also don't forget about that "ever convincing" backtest record. If you come across an expert advisor vendor who has all of the above elements on his site then you should leave the site immediately, it is 99% likely the trading system is a scam.

So forget those get rich quick methods that don't work and seek out a Forex expert advisor which has a real track record or something worthwhile to teach you so you can devise your own. Legitimate Forex expert advisor will always show you proof of their results, and yes all of them will incur losing trades, there is no trading system out there that doesn't ever lose, if you have found one then please let me know. However the best expert advisor will consistently produce a lot more winning trades than losing ones and will have a very low drawdown level, in turn assuring you make some decent long term profits off the market.

When searching for a good Forex expert advisor always look for live forward test statements, these tests are conducted in real market conditions with real money, therefore they actually let you know how the EA will perform in real live market conditions. These tests are probably the closest things to letting you know how profitable the expert advisor is and they should be the basis of your selection criteria when looking for a legitimate expert advisor.

If you do manage to find a mechanical Forex trading system with a real track record over a few years, just check the logic, make sure you understand it and can trade it with discipline through losing periods. Make sure it is suited to your risk and money management levels and do your research before making any final decisions. Also ensure that the vendor provides regular ongoing after sales support, so you know you are in good hands and will be looked after shall you encounter any problems.

Just remember most phony vendors will attempt to fraud you out of your money by hoping you fall for their simulated track records, and then one day get wiped out of your trading account. Don't fall for their trap, shop around and find a real Forex expert advisor vendor, who provides legitimate live forward test statements, and is well recognized in the industry as a legitimate seller.

It is no secret that in order to succeed in the world of Forex Trading You must follow a good trading system and adhere to strict money management techniques. An Expert Advisor can seriously simplify the process and get you well on your way. If you wish to automate your Forex Trading Decisions by using a Forex Expert Advisor then check out this Collection of The Best Expert Advisors available for Forex Trading.

Where to Get the Best Expert Advice For Forex

By Thomas Wild

Neophytes at forex trading are always wondering where they can get the best expert advice for forex. While there are a lot of books, magazines and resources that you can read to learn about forex, there is no better teacher than experience itself. Unfortunately, time is a luxury that not all of us can afford. And since learning forex by experience can take a very long time - taking up to 20 years for most experts. While some might be into forex just for the pleasure of it and can afford the 20-year learning curve of trading, most of us want to gain profit as soon as possible.

So where do we get the best expert advice for forex? For those who don't want to wait for 20 years to learn all about forex, the best way to go is through forex clubs. Forex clubs have members who are experts, and they are willing to impart the knowledge that they have on forex. These people are the people who spent years and years mastering the ways of forex trading. Learning from them is very much like experiencing trading yourselves.

Experts in forex clubs offer the best expert advice for forex, giving away secret techniques and everyday do's and don'ts in forex. Forex clubs like Forex Brotherhood offer daily reports and broadcasts, and lets you chat live and interact with the experts. With this scheme, it's almost like the expert themselves are right beside you, teaching you and guiding you through every step of your trading and profiting. In some forex clubs, you are even given the opportunity to participate in the same trades as the experts. These experts are not educators, not just experts in theory - they are actual traders so they have a firsthand experience on what goes on in the real forex world. Learning from these people will seem like you yourself are experiencing the trading, as these experts are able to give you a view of what goes on in their trading world.

For those of you who can't wait for 20 years to learn forex, learn forex straight from the experts. Where else can you get the best expert advice for forex than from those who experience forex trading every single day? Without advice from the experts, you're risking a lot by going into forex. Running off of plain luck can only get you so far in life. Isn't it about time to stop all the risking? With the best expert advice for forex, you wouldn't care if you're lucky enough to gain profit - you're just sure you will.

Thomas Wild is an Ezine expert author in the field of forex trading and wealth building as well as having over 26,000 published article views around the web. To learn about the absolute best forex training and to discover the secrets, be sure to visit this website. Forex Brotherhood

Forex Trading Software Or Forex Trading System - Which One to Choose?

By Peter C Johnson

There is a constant supply of both forex trading software and forex trading systems being released online monthly. For newcomers to forex it can be difficult to firstly tell the difference between the 2, and secondly how to choose the system/software which is right for you. In this article I will demonstrate the difference between them and give you some pointers on how to utilize them for maximum profits.

Forex Trading Software

Forex trading software, also known as 'forex robots' are essentially software which allows anyone to trade online automatically. Essentially some very clever mathematicians worked out you could program software with various trading formulas to predict the market and trade accurately. Most of the forex robots available are based on the Fibonacci Formula - which can essentially determine the most profitable time to enter and exit a trade. The harsh reality is that more often than not 'forex robots' are too good to be true. There are only handfuls that I would recommend, and even then I would suggest newcomers use these with caution - it is quite possible to burn large amounts of cash if you do not have some basic understanding or training in foreign exchange.

Forex Trading Systems

Forex Trading Systems on the other hand are specific formulas developed by trader's. These formulas are created in a way to predict market fluctuations, learn from swings and essentially take the guess work out of trading. Some systems can come in the form of predictions on currencies which are emailed to the user. Other systems are essentially 'live platforms' which plug straight into the marketplace and feed the data back to the user in real time. So in essence Forex Trading Systems are a safer bet as you are in complete control of trading - which in turn minimizes your risk.

Conclusion

No matter whether you choose forex trading software or a forex trading system to assist you trade, make sure you have a firm understanding of currency trading and are well aware of the risks involved. The recent economic downturn has certainly made foreign exchange a more attractive form of investment as opposed to the unstable stock market. Having a forex trading system or software can greatly minimize risk and increase the possibility of ongoing profits.

Want a piece of forex trading software that will almost completely eliminate risk and skyrocket your trading profits? Please visit: http://www.forextradingsoftwarereview.com/forex-auto-pilot.html

Winning Financial Software Forex Trading

By Max Branner

The best way to trade in the forex market involves using financial software forex trading. This affords you the unique opportunity to trade more accurately, and more timely.

Many people use financial software forex trading for the time aspect. The forex market practically never closes as it takes place over a large number of different markets. Save for a few hours over the weekend, the market is always open. It's just common sense that to truly be profitable, you've got to be able to react at a seconds notice. This can be near impossible, especially considering that some of the most profitable opportunities occur in the middle of the night.

Even if you were in a position to act on a trade, most likely you'd have to process the trade in your mind for a few minutes to think it through. The best financial software forex trading makes those crucial split second decisions in a split second, so you don't lose any profits in a business where time is money.

Still, others prefer financial software forex trading for the accuracy that the software affords them. These programs rely less on guesswork and more on cold, calculated, and most importantly tested, algorithms. These algorithms predict where exactly the market will go next in the form of "tips". This affords you the unique opportunity of being able to trade ahead of the curve. Many traders swear by the predictions which they receive from their programs. If you want the most accurate and precise information affecting your trades day in and day out, there is no substitute for financial software forex trading.

Start building some reliable and guaranteed wealth and begin your path to financial independence today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading automatic forex trading software available today.

The Very Best Forex Software Trading

By Max Branner

The best forex software trading makes your life easier in a number of ways. It's more timely, it's a lot more accurate, and it can save you a great deal of hassle in your campaign.

The best forex software trading gives you a lot of peace of mind at trading independently of you, as much so as you want, actually. The software constantly trades in your best interest at all times. It keeps a constant and vigilante watch over the forex market which is a major help when you consider that the forex market practically never closes, save for a few hours over the weekend. It's just common sense that if you want to be as profitable as possible when trading, at a seconds notice you've got to be able to react accordingly to fully take advantage of trends in the market.

The best forex software trading uses basic protocols such as stop loss and take profit to limit your trading but to keep it safe from bottoming out. You the trader set these values and the program trades away for you once your limits have been reached in order to save you a lot of money. Most of these programs are sophisticated enough, however, to go one step further.

Arguably the best thing which the best forex software trading has to offer traders lies in tip indicators. These are sophisticated features within the program which use complex mathematical algorithms to predict exactly where the market will go next so that you can trade accordingly, early, and ahead of the curve. These algorithms are most importantly tested for months and sometimes a full year before they are made available to the general pool of traders. There is no substitute for the best forex software trading if you want the most accurate information guiding your trades.

Start your path towards financial independence today and generate some reliable and guaranteed income by visiting http://www.forexautotradingreviewed.com

The Secret of Success - Automatic Forex Trading Software

By Max Branner

It just makes sense that to be successful in the forex market you've got to be able to trade quickly and accurately, which is why more and more traders are turning towards using automatic forex trading software. It was recently estimated that a full quarter of all traders are using automatic forex trading software in their trading campaigns.

The forex market keeps much longer hours than the traditional stock market because the forex market occurs on a large number of international locations. While this comes with its share of advantages, it also demands that you the trader be able to stay on top of it at all hours.

Automatic forex trading software keeps a constant and vigilante watch over the market. It trades for you on your behalf every second of the day to both maximize your profits and minimize your losses. At the earliest indication that the market is about to change in or out of your favor, your automatic forex trading software snaps into action and trades for or away for you.

Arguably the most attractive quality which automatic forex trading software has to offer comes in the form of accuracy. This is because these programs make use of complex mathematical algorithms for their predictions rather than relying on guesswork or leaving room for human error like in the past. These algorithms are tested cold calculations which take the entire scope of the market, past and present, changes and trends, into account. If you want the most accurate information guiding and affecting your trades, there is no substitute for automatic forex trading software.

Start building some reliable and guaranteed wealth and begin your path to financial independence today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading automatic forex trading software available today.

Learn to Trade Forex

By Brian McAboy

When you are learning to trade Forex, it can be filled with anxiety and losses or it can be simple and fruitful, depending on how you go about it.. This article is intended to share with you the basic steps necessary to learn to trade Forex in a business-smart manner which gives you the greatest chances of succeeding as an individual trader.

Step number one as you learn to trade Forex is to begin to develop the right mindset for trading. A highly competitive industry is where you are starting your Forex trading business. You are up against some heavy hitters that are as hungry for every dollar as you are. Your competition includes international banks, large corporations, institutional investors and thousands of seasoned veteran traders. Your trading is a business and you should treat it as such.

The next step as you learn to trade Forex is to take responsibility for everything. As a trader, you control everything you do, but not the markets. You can't sit back and blame them or anything else for what happens. As a Forex Trader, it is your duty to deal with the uncertainty of the currency markets. Besides, if you blame anything, then you give up your ability to do anything about it.

Included in learning to trade Forex is getting your business and yourself organized. The ultimate goal of Forex trading is consistent profits, so you must be consistent yourself first. Getting organized and systemized is the beginning.

Whether you choose to be a fundamental or technical trader or a combination of both, you must document your system. New traders commonly overlook one critical step as they learn to trade Forex, and that is to regularly run the metrics on their system and to track them. The turning point in the careers of many traders regarding confidence, discipline and ability to profit is this step right here.

Treat it as you would a new business in any other industry. Avoid the get-rich-quick mentality, the hype and impatience. Creating a business plan helps this in many ways. Avoiding the mistakes and pitfalls is necessary in any business, especially if you desire to capitalize on the unique advantages of trading.

Trying to learn to trade Forex all on your own can (and usually is) very difficult. Sorting through the mountain of misinformation, hype and B.S. that's out there about trading can consume hundreds of your hours of time in addition to being a daunting task. The greatest value of training and mentoring is the savings. While training may seem expensive up front, you save time because they can guide you along the shortest path, plus you'll avoid costly mistakes and wasted time.

Distinguishing between investments and expenses is one way to be smart with your trading capital. Many new traders make the mistake of simply throwing their money at trades or continually buying new 'toys' for their trading. Since your trading - and the resulting profits or losses - are all centered around you the trader, investments in yourself usually yeild the highest returns. You will learn a great deal about yourself as you learn to trade Forex. If you treat your trading with the proper respect, for the rest of your life, you'll have an asset that can serve you well.

Are you making the mistake of not doing these things in your trading? Do you want some help? To get your free copy of the report, "Traits of the Top 10%", and learn to trade Forex the business-smart way, go to http://www.insideouttrading.com/