Thursday, July 19, 2007

Forex Trading 2 Simple Tip To Increase Profits Dramatically

By: Monica Hendrix

Here we are going to give you 2 simple tips that will instantly improve your overall forex trading results.
There simple to learn, easy to apply and could help you achieve big profits consistently of 100% or more annualized.

Consider this point:

Forex trading is all about being right with your forex trading signals and making money You don t get rewarded for the effort you put in to forex trading strategy the only thing that matters is profit.

Here we are going to focus on working smart not hard to make more money from trading.

Before we discuss our forex tips in greater detail, lets look at two key points in regard to currency trading.

1 The Big Trades Only Happen a Few Times a Year

If you look at any currency chart the really big strong trends only occur a few times a year and these are the trends that offer the best risk reward. The rest of the time the markets are either trending sideways with no clear trend, or showing high volatility which is hard to trade.

2. Trading The Odds

If you want to make money you need to trade the odds and get them on your side. The best way of doing this is to focus on set ups that give you a clear trading edge which is easy to see on any forex chart.

You need to look for valid support or resistance which has been tested numerous times over several months you know if these levels are broken the likelihood of a new trend developing are high.

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