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Cherry

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  1. If you are thinking to become a full time trader, it's good that you aim for it but you must understand the situation you are in now. Are you already trading very well currently and making consistent profits every month? Even so, are you able to overcome the psychological barrier of having to quit your full time job and switch to just trading? There are many factors that you have to consider carefully before you step into the world of full time trading, it's not as easy as it's said to be. I really consider forex trading as a professional job because it's just so specialized! Yes, everyone can learn to trade forex and start to money money too. But is he/she able to maintain good performance for years to come? It really takes up experience and some knowledge to sustain great trading performance. I have seen traders failed after a few years of successful trading...why? They became greedy and over confident, one mistake and they bust up the whole trading account. But that's not the main reason why they quit, it's the lack of confidence to trade that makes them fear trading again.
  2. 1. Cheap Forex Software Packages Lose Money! There are a vast amount of Forex robots sold online and they all claim, they can make you rich, all you need to do is spend a hundred dollars or so, plug in the system and you can sit back while the system makes you a huge regular income. 2. Simple FX Systems are Better than Complex Ones In currency trading, simple systems work best and over the years, I have seen some really clever people devise extremely complex systems and they all lose money. The problem is if you make a system to complex, it will have to many elements to break - so don't work harder than you need to, keep your system simple and it can make you a lot of money. 3. Lack of Emotional Control Most traders cannot control their emotions and cannot trade their system with discipline. As soon as they have a losing trade, they get angry and run it and start to alter their system rules of course, if you can't trade a system with discipline you don't have one. You do have to work to become a Successful Forex trader but the for the effort you have to make, no other business can reward you so highly, if you have a desire to learn and the mindset to succeed, your all set for currency trading success.
  3. The list of typical success traits such as discipline, focus, passion, commitment, determination, and confidence can be found in almost every trading book and, if applied, right can act as a framework for achieving success in all aspects of life.
  4. Learning about making money in forex trading has never been easier. Many online brokerage sites offer free information and education about learning how to invest the forex market. You can also train in real-life" trading without using any money. Its the online version of paper-trading. Youll be able to fine-tune your market strategies and analysis before you actually risk any of your own money.
  5. Sometimes forex trading firms start a contest for both the beginners and the experienced traders. The aim of these forex contests is only to increase the popularity of the trading firms among the traders. Every trader can join these contests but the participation from the beginners is more as compared to the experienced traders. The forex contests may be of many types such as monthly, micro, mini, Refco FX and MG Forex. The winners of these contests receive the cash prizes.
  6. yes,it can be.I am working as a full time trader!!
  7. yes,this is possible in forex trading only!!
  8. brokers are offering these great bonuses to new traders, people are taking advantage of the truly amazing potential of Forex, and earning money just to trade, as they would be anyway. Many brokers let traders open a micro account for as little as $1. How amazing is that? People can get started trading Forex, one of the best, most effective ways to earn cold hard cash online for just a buck. Things have really gotten amazing.
  9. Even if you do not want to do the research to invest in gold or silver bullion, you can still invest in gold and silver products very easily. Much of the world's most valuable jewelry is made from gold and silver and still contains a high percentage of the precious metals in the product. Buying one of these products is almost the same as making a purchase of gold and silver bullion, with the added feature that the product can be used in day to day life. For instance, many of the top investors in the world have made it a point to purchase watches from esteemed companies that are known to put high grade gold and silver content in their products. In this way they are able to invest in the precious metals, maintain the value of their investments no matter how the market moves, and create the added value of social prestige with the product that they have invested in. This example of watches is far from the only way that this can be done. There are all kinds of investment artwork, cars and other precious metal featured products that can be invested in.
  10. If you have fear in taking the positions, you should look for the reason. You have fear, probably because you are taking too much risk. You are trading with money that you will be in trouble if you lose it. Forex can not be the main source of income for beginners. You should have a supplementary income while you learn forex trading. When you have no other income, and you try to make money through forex, you will have a lot of fear because you can not take any risk. You need every signal cent of the money that you trade and you can not risk any of it.
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