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Main Drawbacks of Forex Traders

Main Drawbacks of Forex Traders from: straightforex.com Why is it that very few traders succeed in the Forex trading environment while the grand majority of traders fail to achieve success? There is no hard answer to this question, there are a few things that will put you one step ahead and will definitely put the odds in your favor. The main purpose of this article is to guide you through some important aspects of Forex trading. But in a different way, instead of telling you what to do or the best way to do it, it will tell you what to avoid. Sometimes it is better to identify the main drawbacks on a discipline and then isolate them so we have the best results at a certain level of development. The Holy Grail Many traders spend years and years trying to find the Holy Grail of trading. That magic indicator or set of indicators, only known by a few traders, that will make them rich in a short period of time. Fact: Well, there is no magic indicator, nor
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USDOLLAR to Benefit from Euro Summit Indecision

USDOLLAR to Benefit from Euro Summit Indecision European political leaders meet this Thursday for the 19th time to discuss the continent’s on-going sovereign debt crisis. A resolution to the crisis has been elusive with the strategy of austerity tipping weak economies into severe recessions. The weaker European Union economies are asking for lessened austerity measures and likely won’t receive it. This strategy stand-off could lead to a risk sell-off. In the event of risk sell off, the US Dollar stands to be the biggest beneficiary of Euro Summit indecision. Use the Donchian channel strategy to time entries and exits when buying the US Dollar. Last week, twitter was lit up with polls about how 55% of Germans want to abandon the Euro and return to their own currency. Germans are becoming tired of bailing out other high spending countries and not receiving any confidence on a balanced budget in return. Many economists have talked about how a Euro breakout will cost more for the Germans
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What Everybody Ought to Know About Online FOREX Trading

by Sharon Foreign Exchange is an international foreign exchange market, where money is sold and bought freely or put it simply it is the purchase or sale of a currency against sale or purchase of another. The foreign exchange market (FOREX) is also known as FX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges. Cash, stocks, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is t
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