Forex Trading Secrets - Learn to trade forex - 2019 - PowerPoint PPT Presentation

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Forex Trading Secrets - Learn to trade forex - 2019

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Discover the most important forex trading secrets that separate the professional traders from the part time traders. – PowerPoint PPT presentation

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Title: Forex Trading Secrets - Learn to trade forex - 2019


1
FOREX TRADING SECRETS 
  • FOREX TRADING SECRETS SEPARATING YOU FROM THE
    PROFESSIONALS

2
INTRODUCTION
  • Today, we will be discussing the secrets that
    many successful forex traders and brokers like to
    keep to themselves when trading forex. These tips
    will surely help you in your trading career and
    should help you produce more profits from
    currency trading.

Understanding That The Majority Of Retail Traders
Fail
  • This isnt really one of the forex trading
    secrets, but it is still incredibly important. It
    is estimated that over 80 of people who will try
    to trade forex will fail and lose money in the
    market. The main reasons for this are a lack of
    education, and being far too greedy trying to
    make money too quickly. The 20 who succeed are
    well informed in trading and understand how to
    manage risk correctly.

3
Every Broker is Not the Same!
  • Different brokers have varying rules and
    regulations attached to your trading account.
  • If you are in the UK, always ensure the broker
    you are using is regulated by the Financial
    Conduct Authority (FCA). If you are in Europe
    using a European broker then they should be
    regulated by well-known licenses such as EFSA,
    CySEC, and ASIC.

4
Avoid Using the Dealing Desk at Brokerages
  • Always ensure the broker you are using is an ECN
    system which allows you to execute your own
    trades quickly into the market.

Do Not Rely on Signal Providers
  • This is one of the major forex trading secrets.
    There are many signal providers out there that
    claim to be able to provide you trades that will
    bring you in profits every day. The majority of
    these signal dont work and are a waste of your
    money and time.

5
Have a Trading Plan
  • This is an incredibly important point. It is
    imperative that you have a Trading Plan. When it
    comes to making trading decisions, having a
    Trading Plan can be the difference between profit
    and loss. 

Conclusion
  • Following a few of the forex trading secrets
    above will get you on the correct path to trading
    profitably in the forex market.

6
THANK YOU
  • How to become a profitable Trader.By any chance,
    if you are a new trader and would like to learn
    how to trade, then sign up today to our 2-day
    free Foundation to Forex Trading Course.
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