2. Forex trading is becoming more
popular as time goes by. Perhaps
you have heard of forex trading, or
heard things such as "the dollar fell
sharply against the yen". Not sure
what all this means? Here is a basic
overview of forex trading.
My Best Forex System on page 4
3. You can adopt a short term hit and
run Forex trading strategy adopted
by some Forex traders. Sometimes,
this type of strategy is called
scalping. It involves opening and
closing trades within a very short
span lasting for only several
minutes. Essentially, you have to
open a favorable position then
after taking a short run profit you
need to close your trade
immediately. This kind of Forex
trading strategy could bring small
but numerous profits. You need to
have lots of capital also to get
considerable profit.
My Best Forex System on page 4
4. Most trading is done using some
type of technical analysis. There is
an almost infinite number of
indicators which can be used in
myriad of ways. Trend lines,
retracement levels, Fibonacci
numbers, Elliot wave analysis,
candlestick patterns, point and
figure charting are also widely
used. Just about any form of
technical analysis can be used for
trading forex. Yet there is a trading
application popular in other in
other financial markets that is not
widely used in currency trading -
price gaps.
Best Forex System Explained
http://andylank.com/cash-flow/
5. Besides the advantage of being
available 24 hours a day, the Forex
market has other advantages. This
market boasts the highest liquidity
of any market in the entire world;
large amounts of money are
lessened due to its 100-to-1 leverage
and more than sixty currencies
allow for trading that is free of
commission. Think you will make
money with one? Try it and see the
market doesn't allow you to make
up your track record in real time.
Best Forex System Explained
http://andylank.com/cash-flow/
6. Another Forex trading strategy
you can adopt is long term trading
technique. You need to get lots of
data from your Forex trading
broker to implement this strategy.
Long term trading involves holding
a set position for several months.
Some high roller Forex traders
hold their positions for over a year.
You will depend on fundamental
analysis because you have to
predict the long term movements of
currencies. You also need to have
lots of capital to cover the
volatility of the market and avoid
busting out.
Best Forex System Explained
http://andylank.com/cash-flow/