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Sunday, February 21, 2010

TRADE DAILY

For maximum daily, forex trading has to be carried out on a daily basis. There is no spoon feeding in this business and everything has to be done by you. You will definitely be able to see all changes but it is you who has to choose the right moment to enter and exit the trade. It is this process that makes forex trading the most difficult job. You will need loads of patience to win in the trade. You may see that the indicators keep on changing but hovers or stays still sometimes. It is this time that you have to utilize to enter the trade and wait for a similar situation and exit the trade. You will definitely not be able to win at all times but it is possible to win many times and loose a few times. It is this strategy that keeps the forex market alive. If not, you would have to find a new job.
Two indicators namely, CCI and MA are the ones that I prefer. Each one can be difficult to manipulate when tracked seperately. Hence, I use a combination of both for forex trading.

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