If You Don’t Factor History In…

Five years ago when I heard the word Forex, it meant nothing to me. In fact, when I typed it into Google I typed “4X”. I have often been asked what I would do differently to get where I am now sooner.

If you teach two currency traders the same trading system under the same conditions with the same money management, it will amaze you to find out that the man that wins is the man that has the discipline to follow through with they have being taught. The currency or forex trading market is a highly volatile market that requires that one is very discipline if one wants to be successful. There is no beating about the bush, the only thing that makes one to be among the few 5% that are successful in this market is discipline.

Do you want to find out more about how the Forex Geek scalping Forex expert advisor works? This robot is a scalper by nature and aims to generate consistently profitable trades every day. It is also internally programmed with money management and risk control strategies to minimize the amount of money lost on losing trades. As a new user of this software, I opted to try out its default settings on my test account first and found that it could profit consistently on each trading week.

FAP Turbo is like any other one of the hundreds of automated forex programs today promising to turn you into a wealthy trader all on autopilot, but with one substantial and significant difference. This is what sets FAP Turbo apart from its competitors in this tell-all FAP Turbo review 2010 edition.

Ever heard of RSI Channels? Most traders would probably answer no. Drawing channel lines on the RSI part of a chart probably seems fruitless. After all, what would be the point? Walter Baeyen’s feels there is a reason and to a certain point he is right, although this is a concept that should not precede learning how to trade RSI, the Relative Strength Index, as a standalone trading system using divergences and reversals first.

If you frequent a lot of Forex forums, or read articles that are specific to Forex, you will think that some of the information doesn’t add up. Your thinking is probably correct because you have probably stumbled upon a few Forex myths that have circulated for years. Hopefully, you aren’t at risk of losing your Forex investment capital as a result of applying these myths.

Trading with emotions is the major challenge that traders battles with on a daily basis, emotional trading constitutes more than 90% why traders fails in currency trading. Your ability to learn how to deal with your emotion in trading goes a long way to show either you will be successful or not. There are two major emotions that traders battles with in the market and it doesn’t matter how long you have been trading, if you fail to take control of these emotions you will end up to lose all your money or investment to the market.

This article is all about Forex trading made simple and while 95% of Forex traders lose money,they don’t lose because currency trading is hard to learn, they lose because they either, get the wrong education or they believe the popular myths of currency trading and they lose. So let’s look at Forex trading made simple and how you can make big profits in just 30 minutes a day.