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An article describing a few of the most common mistakes made by forex traders. It is widely known that about 95% of new forex traders will lose money and quit in the first 2 years, by eliminating these 3 basic mistakes you will be one step closer to success.

If you have been trading the Forex market then you must have known that in technical analysis, we are required to be able to read the chart properly. There are lots of traders out there that use technical analysis to determine the future price movement. They calculate and analyze the chart based on the previous price data.

Trading Forex successfully is a not an easy endeavor and if you approach it as an amateur you will join the 95% of new traders who lose and give up. In this article we’ll take a look at a variety of factors which are necessary to master the game of Forex trading.

There are many misconceptions when it comes to Forex Spread Trading as this type of trading is still not recognize to many people around the world. With large daily trading volume, Forex has become one of the popular product out there that is traded and with many difference pairs that can be traded to each day, Forex has become the largest paper money product that ever been traded by people. However, trading this product requires knowledge, patient and experience because of the risks involved in it.

Trading commodities is an alternative way of participating in the exchange markets, and Forex commodity charts are a big part of this equation. Some of the commodities listed on the commodities markets and open to trade include precious metals, agricultural produce, oil and livestock, among others. Out of all these commodities, traders must learn how to choose the right commodities to trade whilst they burn their accounts.

There are a variety of forex systems to choose from. For starters, there are systems which you follow where the rules are 100% defined (black box) and there are systems where the rules are not completely defined (discretionary).

Forex trading systems are software applications that are used in the management and in facilitating trading in the forex market. Without these systems you will be at a serious disadvantage as due to the humongous amount of information to be processed. In the past these systems were basically manual and thus trading was undertaken very slow and as a result the market took a very long time to develop. The past systems were mostly locals and there was no offshore investor because the systems of communication were not in place and the flow of information was at best slow.

FX trading robots are becoming very popular among online traders. Manual trading is near extinct and the need to have trades automatically executed is sought after by every trader.