Casey Stubbs

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Showing Tag: "learn forex" (Show all posts)

Why You Should Develop Your Own Currency Trading Style

Posted by James Woolley on Friday, January 22, 2010, In : Forex Trading Tips 
Currency trading is now becoming fairly mainstream thanks to modern technology. These days anyone who has an internet connection and at least a small amount of capital can start trading the markets. However it's not as easy as it sounds, which is why you need to think about how you are going to make money.

Your main focus should initially be on finding out what kind of trading style suits you the best. Once you've established that, you can then start developing your own trading method which ...
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Why Do Many Currency Traders Lose Money Trading The 1 And 5 Minute Charts?

Posted by James Woolley on Thursday, January 14, 2010, In : Forex Trading Tips 
Forex traders will use a wide variety of different price charts when trading the various currency pairs. Some will prefer taking a long-term view, some will trade the 1 hour or 4 hour charts, whilst others will trade the short-term charts such as the 1 and 5 minute charts, and it's these I want to focus on in this article.

The major appeal of these time frames is that trades don't last very long. If you're lucky you can bank plenty of quick profits, whilst cutting your losses early if trades ...
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Using Forex Trading To Provide You With A Second Income

Posted by James Woolley on Friday, December 25, 2009, In : Forex Trading Tips 
Many people look upon forex trading as a means of generating some serious money. However it should also be pointed out that you can also trade the various currency pairs as a means of generating a second income for you and your family.

This is particularly the case at the moment when many people are worried about losing their job or are struggling to keep up with the mortgage repayments. The truth is that you can make some decent money trading forex, but you do also have to put the work in.

F...
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Forex Trading - Preparing To Trade For The First Time

Posted by Casey Stubbs on Thursday, November 5, 2009, In : Forex Trading Tips 
The thought of placing your first trade using real money is both exciting and nerve-racking at the same time. You are eager to get started but at the same time you will probably be scared about the thought of potentially losing money (like so many other traders do). So it's important to determine whether or not you're ready to start trading with real money. 

The fact is that nearly everyone who ventures into the world of forex trading will fail to come out ahead. In fact a large number of peop...

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Why It's Easier Than You Think to Make Money Consistently in Forex

Posted by George Hutton on Monday, August 10, 2009, In : Forex Beginners 
There is a potential source of income that many people do not even know exist. And those that do know about this are somehow confused by the mythology and confusion surrounding this. This can be one of the most lucrative investments you make both with your time, and your money. With just a few hours a week, you can a few hundred dollars, and slowly grow those hundred dollars into a sizeable nest egg that you can use for whatever you want. 

Of course, with anything that promises taking a few hu...

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Where Can You Learn How To Trade Forex?

Posted by James Woolley on Saturday, August 8, 2009, In : Forex Market 

If you've never traded the currency markets before and know absolutely nothing about forex trading, then all is not lost. Thankfully there are now lots of resources available that will teach you everything you could possibly need to know about forex trading. 

There is admittedly quite a steep learning curve, but once you've learned the basics you can then start thinking about creating a profitable strategy that will actually generate some decent profits. The first place you can start is the in...

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Profitable Forex Trading - Developing Winning Attributes

Posted by James Woolley on Thursday, August 6, 2009, In : Trading Mental Toughness 
Most people automatically assume that anyone can potentially become a highly profitable forex trader, regardless of their personality or character traits. However that's not necessarily the case because there are definitely certain attributes that will separate the winning forex traders from the losing ones. So what are these attributes? 

Well the first attribute that many successful forex traders possess is dedication. Because of the very fact that it often takes several months or even years ...

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What Are The Most Common Forex Price Patterns?

Posted by James Woolley on Friday, June 26, 2009, In : Trading Strategy 
Most people who trade the forex markets rely almost exclusively on technical analysis to make their trading decisions. They will spend hours on end staring at charts of the various currency pairs in order to find high probability set-ups that are most likely to make them money. However if you are going to use technical analysis, there are three forex price patterns who should look out for.

The first of these is the breakout price pattern. Prices will often spend significant amounts of time tr...
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