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Written by Administrator   
Wednesday, 07 July 2004
ImageCrucial market moves usually happen during news time. The volume of trading goes up while the moves get more significant, this offers the best time to trade. This is the time when the biggest and very influential players make their moves and change their positions which results in change in currency flows. It is also important to keep in mind that trading during off peak hours is a big mistake. Professional forex traders, hedge funds, and options traders have a very big advantage over retail traders like you during the off peak hours. To avoid being run over by the big guns, conduct your trades during the peak hours.

ImageMany trader start from scratch, learn by themself even from uncredible source by accident and its happen everyday. That's why these people soon will leave trading with huge dissapointment and fell lucky to still bring their pants. What really hard  is to make them realise that they were wrong, most of them think that we would like to cheat them and took their money or offer them a scam. What a world this is?

As you might be aware that always been two ways to learn something, the hard way and the smooth way. People can understand and be good from experiences, learn by doing, or go to school and learn all about it in a proven success way of learning. The choices is always in your hand. You need to decide for your future investment which way you want to be standing, it is the hardest thing in my own experience because ego play big part.

In every way trading should be treat as a proper business from the begining, so a due deligence, planning and dicipline are only the way to do it to be end up successful. As you might be aware that business also leave people who are not willing to do properly to out from it within the first 5 years, and either with or without pain. Same with trading.

People jump to trading because it seem to be easy money and never think on the other side of them. Trading been appealing general public in the wrong way and leave the uninform person funerable after a while, although there is no excat survey about how many people involve in trading been survive and success, a general information said only  5 % been on that category ... scary story for the rest if it. Don't get me wrong a success and happy stories also happen ... just need to be verified.

Me personally not yet been a successful trader but rather a survival trader, I been also on the wrong side of the trade on one stage before I realise it the punishment already come so yeah I suffer from been wrong as well. That is why I always start the process by interviewing the person to understand the situasion, risk profile and their stage of trading ... all for just one reason eliminate hope! Because in this business hope does not work at all! you need to know your risk and accept it otherwise walk from this business when you still can. That is my friendly advice.

Last Updated ( Friday, 09 February 2007 )
 
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