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Forex Trend Wave

Jun 19th 2012 at 8:50 PM

1. Forex is their work of love

One of the factors that sets apart a good trader in the average merchant is their dedication to their work. When a person's passion, they will endeavor to learn more about what they do know. Another advantage is because the passion is that they will remember the better the information they have learned. That is why sometimes the top 5% forex traders act quickly to conditions based on the information they remember. So if you have a good retailer, you must first of all feel passion for Forex.

2. They manage their emotions Forex Trend Wave

The best traders in the Forex market is a unique quality of the ability to separate their emotions from their trading. They did not not follow the market sentiments, nor can the market to dictate their emotions and to influence their decision. Warren Buffet once said, if you can not stand and watch your investment holdings depreciate by 50% without flinching, you should not be in the stock market. What Warren Buffet said is very correct. If emotions may influence or judgment, then our investment decision were not objective.

3. Knowing how to manage risks.

Please note that this does not mean they always have their risks as limited as possible. Rather, the most successful traders risk thousands on certain professions, because they know what they stand to gain.

Much of the time, what will stop a trader from the market is not only a lack of investment capital. It is also the willingness to want to take a risk on a trade. This is where the leader of the group differs from the rest of the pack. So if you want to excel in forex trading, you take calculated risks.

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