http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/ How Is It Possible to Trade Forex Successfully? Currency exchange rates go up and they go down. Speculators can make money from the volatility of Forex markets. But, how do they do it? How is it possible to trade Forex successfully to the point where you can quit your day job and just be a currency trader? Getting Started If you are going to be successful at anything you need to start correctly. Here are a few thoughts from our article how to get started trading currencies. First you need to know how the market works. Forex currency rates are set by trading in the three major markets, which are London, New York and Tokyo. Traders buy one currency with another. These currencies are referred to as Forex pairs. Major Forex pairs are the most traded currencies of the world. Here are the major pairs and their trading symbols; US Dollar, USD Euro, EUR British pound, GBP Yen, YEN Swiss franc, CHF Canadian Dollar, CAD Australian Dollar, AUD Minor currencies are all of the rest. These include the currencies of nations with substantial economies such as Brazil, Chile, Mexico, Russia, India, South Africa, South Korea, Norway, Sweden and China. And minor currencies include those of Iraq, Yemen, Ghana, etc. Many of the minor currencies of the world only trade against the US dollar thus eighty-five percent of all Forex trades include the US dollar. Unless you have specific expertise or insider knowledge of minor currencies stick with the majors. Then learn the technical analysis of Forex currencies. This is how the vast majority of day traders find it possible to trade Forex successfully.

1. How Is It Possible to Trade Forex
Successfully?
By www.ForexConspiracyReport.com

2. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Currency exchange rates go up and
they go down.

3. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Speculators can make money from
the volatility of Forex markets.

4. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
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Before We Continue…

5. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
But, how do they do it? How is it
possible to trade Forex successfully to
the point where you can quit your day
job and just be a currency trader?

6. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Getting Started

7. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
If you are going to be successful at
anything you need to start correctly.

8. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Here are a few thoughts from our
article how to get started trading
currencies.

9. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
First you need to know how the
market works.

10. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Forex currency rates are set by
trading in the three major markets,
which are London, New York and
Tokyo.

11. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Traders buy one currency with
another. These currencies are
referred to as Forex pairs.

12. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Major Forex pairs are the most traded
currencies of the world.

13. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Here are the major pairs and their
trading symbols;

14. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
US Dollar, USD
Euro, EUR
British pound, GBP
Yen, YEN
Swiss franc, CHF
Canadian Dollar, CAD
Australian Dollar, AUD

15. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Minor currencies are all of the rest.
These include the currencies of
nations with substantial economies
such as Brazil, Chile, Mexico, Russia,
India, South Africa, South Korea,
Norway, Sweden and China.

16. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
And minor currencies include those of
Iraq, Yemen, Ghana, etc.

17. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Many of the minor currencies of the
world only trade against the US dollar
thus eighty-five percent of all Forex
trades include the US dollar.

18. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Unless you have specific expertise or
insider knowledge of minor currencies
stick with the majors.

19. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Then learn the technical analysis of
Forex currencies.

20. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
This is how the vast majority of day
traders find it possible to trade Forex
successfully.

21. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Technical analysis of Forex currencies
has to do with using market price
patterns to predict the next market
move.

22. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Traders use tools such as Japanese
Candlesticks in order to use market
history to predict coming market
events.

23. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
An old saying is that the past predicts
the future and this is the foundation of
the technical analysis of Forex
currencies.

24. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
True technical traders do not worry
about the fundamentals but rather
jump in and out of the market based
on technical cues.

25. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
The point is that market patterns
repeat themselves and by reading the
first part of a pattern correctly a trader
can buy or sell and take advantage of
the price movement of the second
part of the pattern.

26. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Technical day traders only stay
around long enough for a profit and
then exit to prepare for the next trade.

27. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
This is as opposed to swing trading
which is based on fundamentals.

28. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
Swing Trading

29. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
The eventual price of the dollar versus
the euro, yen of yuan is determined
by balance of trade, economic
prosperity and economic and
monetary policy.

30. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
It is possible to spot a potential trade
based on analysis of fundamentals.

31. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
In this case a trader will buy or sell a
currency in expectation of an eventual
price swing.

32. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
This is also where traders use Forex
options.

33. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
There are three good reasons for
Forex options trading.

34. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
In international business transactions
Forex options trading helps hedge
currency risk.

35. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
In volatile markets Forex options
trading both helps limit risk while
providing profit potential.

36. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
And traders can use Forex options
trading to provide extra leverage for
their trading capital.

37. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
A swing trader who expects a rise in
the value of the dollar versus the euro
can buy calls on dollar with the euro
and simply wait for the change to
occur.

38. http://www.forexconspiracyreport.com/how-is-it-possible-to-trade-forex-successfully/
His risk is limited to the price of the
options contract so he is not tying up
all of his money in the trade.