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Basically, there are two kinds of traders in this world which first is who use fundamental analysis and second, traders who use technical analysis. To be honest, I really recommend use technical analysis rather than fundamental analysis. With technical analysis, you’ll only need to learn the price action of the market and get advantage both long term trading or short term trading.

In this article, I am going to look at the type of Forex traders who make the really big money and those that lose. So what sort of characters are they and how intelligent are they? The answers may surprise you and if you understand this article, you will know how to achieve Forex trading success.

If you have Forex trading strategy, you need to decide how to enter the market in terms of maximum risk to reward – so let’s look at market timing in more detail. Forget about all the so called gurus, who say that speed of execution matters and has to be done within seconds of your price entry level being hit- it doesn’t matter to much at all. There is a view among most traders, that if you get your market timing right the trade immediately will go into profit but this rarely happens.

Most of the available Forex trading courses teach you how to analyze charts to spot trends in each currency. These can identify the direction a particular currency is heading in, and can be used to reduce the amount of risk involved in trading that currency.

In my view, there is a simple profit opportunity which is shaping up which can offer great risk to reward and anyone can take advantage of it. Lets take a look at the EUR/USD climate for March 2011 in more detail. Lets take a look at our EUR/USD forecast in more detail and why it looks like it might fall hard.

The first most important tip for using MegaDroid to make huge profits in the Forex market is to only trade the EURUSD pair on the 1 hour chart. Don’t make the mistake of trading any other currency pair with this robot. The robot has only been programmed to trade the EURUSD pair.

How to make money with money is a question that looms large in the mind of many people. If you are one of those who want to make the money with money, Forex trading is a perfect option. Forex trading means currency trading and is similar to stock trading. This is one of the best ways to make easy money from home and does not need any hiring or advertising. One thing you need to be very careful about when you decide to venture into Forex trading is that you must have complete and accurate information on how to go about it. Since it involves money, one bad decision can result in a significant loss. However, if you learn to trade Forex, you can make significant amount of money. In fact, you can do Forex trading full time and earn thousands month after month.

In this article I discuss how to educate yourself on Forex trading. This is aimed at beginners in Forex trading.