Making Money
Currency Trading
These thoughts about making money currency trading
are not only for beginners but also for those
experienced in trading cu...
Understanding Forex fundamentals is essential to
making money currency trading.

http://www.theforexnittygritty.com/forex/...
Likewise a focused approach to Forex trading is more
likely to be profitable than a haphazard one.

http://www.theforexnit...
If you are interested in making money currency trading
let us start with the basics of Forex.

http://www.theforexnittygri...
Forex Basics

http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
The Forex market is huge with an average daily
currency turnover of around $4 Billion.

http://www.theforexnittygritty.com...
It can be volatile and obviously is very liquid with the
huge numbers involved.

http://www.theforexnittygritty.com/forex/...
Trading major currency pairs on a decentralized
market that is open around the clock can be very
lucrative to those with a...
It can be terrible way to lose money for the uninitiated.
Success in making money currency trading starts with
learning Fo...
The Forex market is largely the province of central
banks, multinational corporations, multinational
banks, and other inte...
It was developed to facilitate international trade but
also provides potentially lucrative market for currency
speculators...
What separates the successful Forex trader from the
rest is devotion of time and effort, education, thought
given to how a...
With computer software it is possible to simulation
trade on the current market and it is possible to trade
past market co...
Understanding the Forex markets comes with learning
the major currency pairs and trading them repeatedly
to get the basics...
The most actively traded currencies are those of the
most advanced economies.

http://www.theforexnittygritty.com/forex/ma...
These are wealthy nations who allow their currencies
to float in the Forex markets of London, New York, and
Tokyo.

http:/...
These currencies trade in high volume and with high
liquidity.

http://www.theforexnittygritty.com/forex/makingmoney-curre...
These facts make the technical analysis of major
Forex currencies more accurate and the trading of
these currencies potent...
 Most Commonly Traded Currencies
 US Dollar (USD)
 Japanese Yen (JPY)
 Euro (EUR)
 British Pound (GBP)
 Canadian Dol...
 Most Commonly Traded Pairs
 (USD/JPY)
 (EUR/USD)
 (USD/CHF)
 (GBP/USD)

http://www.theforexnittygritty.com/forex/mak...
Making Money
Currency Trading

http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
Learning the basics of currency trading is necessary if
you are interested in making money currency trading
but there is m...
To a large degree successful Forex trading is a
performance art.

http://www.theforexnittygritty.com/forex/makingmoney-cur...
You need to know the basics and you need to practice
the basics in real time.

http://www.theforexnittygritty.com/forex/ma...
You can trade in simulation all day long but it is a
different world when your trading capital is at risk.

http://www.the...
A major factor in making a profit in trading foreign
currencies is the psychology of trading.

http://www.theforexnittygri...
The twin demons of trading are greed and fear.

http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
Traders are prone to stay in a position too long
because they are trying to eke out more profits.

http://www.theforexnitt...
Traders are also prone to exit a position too soon
because they are fearful and do not trust their
fundamental and technic...
Good traders develop a strategy and they use the
strategy to trade.

http://www.theforexnittygritty.com/forex/makingmoney-...
They analyze their results and make changes in their
strategy as needed.

http://www.theforexnittygritty.com/forex/makingm...
Making money currency trading is possible when you
learn the basics, avoid the demons of fear and
greed, and continually h...
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Making Money Currency Trading

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Making Money Currency Trading

http://www.theforexnittygritty.com/forex/making-money-currency-trading

These thoughts about making money currency trading are not only for beginners but also for those experienced in trading currencies. Understanding Forex fundamentals is essential to making money currency trading. Likewise a focused approach to Forex trading is more likely to be profitable than a haphazard one. If you are interested in making money currency trading let us start with the basics of Forex.

Forex Basics

The Forex market is huge with an average daily currency turnover of around $4 Billion. It can be volatile and obviously is very liquid with the huge numbers involved. Trading major currency pairs on a decentralized market that is open around the clock can be very lucrative to those with a successful trading Forex system and the skills and patience required to use it. It can be terrible way to lose money for the uninitiated. Success in making money currency trading starts with learning Forex basics. The Forex market is largely the province of central banks, multinational corporations, multinational banks, and other international players who manage currencies or do business across the globe. It was developed to facilitate international trade but also provides potentially lucrative market for currency speculators. What separates the successful Forex trader from the rest is devotion of time and effort, education, thought given to how and when to trade, patience, and more homework. With computer software it is possible to simulation trade on the current market and it is possible to trade past market conditions as though they were new. Understanding the Forex markets comes with learning the major currency pairs and trading them repeatedly to get the basics of Forex trading down pat.

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Making Money Currency Trading

  1. 1. Making Money Currency Trading
  2. 2. These thoughts about making money currency trading are not only for beginners but also for those experienced in trading currencies. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  3. 3. Understanding Forex fundamentals is essential to making money currency trading. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  4. 4. Likewise a focused approach to Forex trading is more likely to be profitable than a haphazard one. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  5. 5. If you are interested in making money currency trading let us start with the basics of Forex. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  6. 6. Forex Basics http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  7. 7. The Forex market is huge with an average daily currency turnover of around $4 Billion. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  8. 8. It can be volatile and obviously is very liquid with the huge numbers involved. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  9. 9. Trading major currency pairs on a decentralized market that is open around the clock can be very lucrative to those with a successful trading Forex system and the skills and patience required to use it. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  10. 10. It can be terrible way to lose money for the uninitiated. Success in making money currency trading starts with learning Forex basics. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  11. 11. The Forex market is largely the province of central banks, multinational corporations, multinational banks, and other international players who manage currencies or do business across the globe. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  12. 12. It was developed to facilitate international trade but also provides potentially lucrative market for currency speculators. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  13. 13. What separates the successful Forex trader from the rest is devotion of time and effort, education, thought given to how and when to trade, patience, and more homework. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  14. 14. With computer software it is possible to simulation trade on the current market and it is possible to trade past market conditions as though they were new. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  15. 15. Understanding the Forex markets comes with learning the major currency pairs and trading them repeatedly to get the basics of Forex trading down pat. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  16. 16. The most actively traded currencies are those of the most advanced economies. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  17. 17. These are wealthy nations who allow their currencies to float in the Forex markets of London, New York, and Tokyo. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  18. 18. These currencies trade in high volume and with high liquidity. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  19. 19. These facts make the technical analysis of major Forex currencies more accurate and the trading of these currencies potentially more profitable. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  20. 20.  Most Commonly Traded Currencies  US Dollar (USD)  Japanese Yen (JPY)  Euro (EUR)  British Pound (GBP)  Canadian Dollar (CAD)  Australian Dollar (AUD)  Swiss Franc (CHF) http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  21. 21.  Most Commonly Traded Pairs  (USD/JPY)  (EUR/USD)  (USD/CHF)  (GBP/USD) http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  22. 22. Making Money Currency Trading http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  23. 23. Learning the basics of currency trading is necessary if you are interested in making money currency trading but there is more. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  24. 24. To a large degree successful Forex trading is a performance art. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  25. 25. You need to know the basics and you need to practice the basics in real time. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  26. 26. You can trade in simulation all day long but it is a different world when your trading capital is at risk. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  27. 27. A major factor in making a profit in trading foreign currencies is the psychology of trading. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  28. 28. The twin demons of trading are greed and fear. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  29. 29. Traders are prone to stay in a position too long because they are trying to eke out more profits. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  30. 30. Traders are also prone to exit a position too soon because they are fearful and do not trust their fundamental and technical analysis. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  31. 31. Good traders develop a strategy and they use the strategy to trade. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  32. 32. They analyze their results and make changes in their strategy as needed. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
  33. 33. Making money currency trading is possible when you learn the basics, avoid the demons of fear and greed, and continually hone your trading strategy in search of more efficient trading and higher profits. http://www.theforexnittygritty.com/forex/makingmoney-currency-trading
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