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Weekend Tips for Forex Traders to Read

Technical Analysis | Friday, January 25th, 2008

We are so close to the end of the market this week. I am sure those of you who have been stuck to the computer during the week will take a breeze at the weekend to become refreshed for the next week trading. That’s a good idea.

Just in case you found any free time, take a look at the below reports I published and read the “tip of the day” once again. I always find and learn new things when I read an article for the second time.

1. The correlation among different currency pairs: Click Here
2. What does over-bought or over-sold mean and why the market becomes exhausted and changes the direction after it has been going up or down for a while? Click Here
3. Never add to a losing position! Click Here
4. Sometimes Beginners Trade Better Than Professionals! Why? Click Here
5. Be Patient when you are making profit. Be impatient when you are losing and you are realized that you have made a wrong trade. Click Here
6. Where should you place your stop loss? Click Here
7. Go nothing but long in an uptrend and go nothing but short in a downtrend. Click Here
8. Keep your trading system simple. Click Here
9. Check the bigger time frames before you start trading intradaily. Click Here
10. Do not put all your eggs in one basket! Click Here
11. If you have not made any profit through Forex yet and your losses are more than your gains, you have to analyze yourself to find the reason/reasons: Click Here
12. Did you find the reason/reasons of your loss? Click Here
13. A good self-assessment to find your failure reason/reasons: Click Here
14. Do not trade when a news release is on the way: Click Here
15. You should never stop learning! Click Here

Further Reading: Before leaving our website, please take a look at the other articles we have published.

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3 Comments:
post a comment
Comment by fanicons
2010-12-08 04:57:46

Hi Forexoma

First of all thanks for these Tips.well I am learning forex trading for last three months.Know how to MACD,RSI and Bollinger Bands work.I apply all in a demo a/c.But there is something wrong when i take position BUY, market gets Down and when i take position of SELL, market goes up….i am not able to take right position at right moment my main problem..How can i overcome this..

PLZ HELP ME…waiting for reply

Thanks

Comment by Forexoma
2010-12-08 14:09:05

Hi Fanicons, Probably you try to hit the top an bottom of the market. This is a big problem in novice traders. To avoid this problem, you should learn to take the trend continuation signals, not the reversal signals.

Comment by fanicons
2010-12-10 04:39:31

Hi Forexoma

you are right…

thanks

 
 
 
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