Make Money Online With Forex Trading

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7 Steps To Making Money Through Forex Trading
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1. Determine Your Personality Take a look
at yourself and note your own personality
traits. Dont lie to yourself. Examine your
strengths and your weaknesses, then match your
personality to your trading This is perhaps the
most important step of all. Get it wrong and you
will pull out quickly.
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2. Learn The Basics Of Forex Get yourself
familiar with all trading terms Leverage, Risk
Management Basics, Stop Loss Basics , Lot Size,
Moving Averages ,Forex Quote , Currency Pairs and
more
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3. Find A Forex Strategy based on your
personality deduced from 1.
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4. Choose A Good Regulated Broker.
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5. Open A Demo Account Practice Till
Youre Comfortable With Trading
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6. Ensure Have Enough Risk Money Cash is
the fuel needed to start trading and without
enough cash, your trading will be hampered by a
lack of liquidity . But more important, cash is
a cushion against losing trades. Contd.
.
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Cash cannot come from sources that you need for
other important events in your life, such as your
savings plan for your childrens college
education. Contd..
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Cash in trading accounts is risk money. Also
known as risk capital, this money is an amount
that you can afford to lose without affecting
your lifestyle.
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7. Make Your First Live Trade!For Forex
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