Tuesday, October 2, 2007

Learning Forex Trading - The Eight Steps To Get You On Your Way

Learning forex trading can certainly be a daunting process if you have no idea where to start. Although forex is less complex than some other methods of trading because it only deals with one specific commodity, it can still be a chore to get to grips with. There is so much involved when learning forex trading, especially if you want to be successful, but by following the tips below, you can soon obtain the knowledge and know how that you need.

1. Research forex trading You can never walk into any kind of investment without first investigating the possibilities and weighing up the advantages and disadvantages, and learning forex trading is no different. You should at least know what it is and how the concept of forex trading works before committing yourself to attempting to profit from it.

2. Learn all about currencies Most individuals know a little about the dollar, pound and euro, but it is essential to learn about all currencies and their histories whilst learning forex trading. Without having basic knowledge of the fundamentals of currency, you cannot hope to do well at forex trading.

3. Assess the odds The odds of success and failure are part and parcel of learning forex trading because you need to be able to recognise trends, analyse profit margins and recognise potential.

4. Learn the key terms Every investment opportunity has some form of jargon attached to it. Ensure that you have a full understanding of the jargon associated with learning forex trading before progressing to the next possible step.

5. Watch the market As with anything in life, always watch the market to get the feel of it before progressing to participation. Learning forex trading is all about understanding before participating, and the only way for you to do that is to watch other before attempting it yourself

6. Use software to trade for free Some softwares enable the learning forex trading before you actually invest. You can trade imaginary amounts via simulators to give you practice and give a greater understanding of the system. You can analyse your mistakes and rectify them before actually investing your own money!

7. Set a budget Always work out what you can afford to trade whilst you are learning forex trading. It is easy for an individual to get in over his or head and end up losing far more than he or she can afford, so make sure that you are not one of those people!

8. You are ready to begin for real Your learning forex trading crash course is complete so as soon as you feel confident, go for it!

Simon Aridej is the owner NewForexLive.com a site which provides a good information about forex trading tips, how to trade like a professional forex trading free forex trading ebook and much more. You can download forex trading ebook for free by Click Here!

Demystifying Private Equity

For all of the attention that the financial press has bestowed upon the private equity industry, it seems that none of these media outlets have explained what this private equity phenomenon is and how it may relate to everyday leaders of small or midsize businesses. Moreover, these reports often fail to describe what makes private equity a dynamic and growing part of today's economy for businesses large and small.

In spite of what the headlines may lead us to believe, there is far more private equity capital invested in small and midsize enterprises than the handful of massive transactions that are chronicled in the pages of business publications. The private equity market has become an increasingly important source of funds for start-up enterprises, private businesses, firms in financial distress and, more recently, public firms seeking privatization.

This is the first of a series of articles in Winning Workplaces' e-newsletter designed to demystify private equity along with other alternative capital markets, and to provide a roadmap to navigate the financial paths that can be foreign to many of us. Through future articles we will also illustrate how better-informed financial decision making can result in improved work environments and stronger organizational cultures.

Before delving further into the subtleties of capital markets, it is best to start by asking the most basic question: What is private equity? "Private equity" is a term most commonly used to describe the entire universe of venture capital investing, buyout transactions and mezzanine/subordinated debt placements. One may also add that private equity is broad nomenclature for any type of equity or debt investment in which the securities are not freely tradable on a public market.

While this type of capital is not a new concept, the categorization and institutionalization of it are new. Entrepreneurs have turned to friends and family members to secure funds to buy a company or start a new business for as long as there have been corporations. This informal source of capital, the original "private equity," is still believed to be the largest source of private equity to corporate America.

Only in the last 30 years has capital been widely organized into private funds where general partners find, structure and oversee investments on behalf of institutional limited partners. Pension funds, endowments, foundations, insurance companies, wealthy families and other private equity fund investors have recognized that the long-term nature of business growth is not always compatible with the short-term horizons of stock analysts and public investors. Additionally, investors have realized that many of the most exciting and rapidly growing businesses are outside of the public equity markets.

As a result of strong returns to early private equity investors, pools of capital have continued to be organized at a rapid pace with the goal of seeking out long-term investments in companies of all sizes that are in need of capital. There are now hundreds, perhaps thousands, of private investment vehicles that have been formed for this purpose, and some have further specialized to focus exclusively on specific industries, certain stages of companies (ie, start-ups or distressed businesses), particular strips of a company's capital structure (ie, mezzanine debt) or even ownership structure (ie, non-controlling positions or women-owned businesses).

Now that you are armed with a brief background on private equity, you may be asking, "When is institutional private equity the right capital for my company?" Of course, there are numerous factors that one should consider before taking on a private equity partner beyond the financial ones, but putting those issues aside which we will address in future articles let's first focus on the cost of capital. Most forms of private equity and debt will be more expensive than what your local bank can provide. Thus, firms that raise private equity tend to be those that may have difficulty seeking funding from conventional financing sources.

For example, firms may be unable to get bank credit to fund rapid growth; or a bank won't fund the buyout of an existing shareholder; or a business is experiencing an industry down cycle or the establishment of a new initiative; or perhaps a company needs a bridge loan through financial distress. These are all situations where private equity capital may on the surface seem expensive. Yet, it is likely a lot cheaper than the alternatives, such as not growing, staying wedded to an unhappy shareholder, not paying bills or even going out of business.

Private equity comes in all shapes and sizes. In future articles, we will address how to position your company to access capital from these types of outside sources, including private equity, and how capital and the sources of capital can play a significant role in workplace culture.

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Winning Workplaces' goal is to provide small and midsize employers with proven, practical, and affordable people practices. Too often, the information and resources needed to create a high-performance workplace are out of reach for all but the largest organizations. Winning Workplaces is changing that by offering employers affordable consulting, training and information. We help employers assess needs and develop strategies to improve their workplace practices.

For more information, please contact us at: http://www.winningworkplaces.org

Samsung the Elephant

Samsung dominates life in its home country like no other company in the world. But the slogan "what is good for Samsung is good for South Korea" is open for debate.

The South Korean economy is a paradox. It has become the third largest economy in Asia after Japan and China. Its 48 million citizens have in one generation enjoyed a sizable jump in their standard of living and no country has benefited more than South Korea from the rise of China which has become a vital export market. Its sovereign credit rating was recently upgraded due to reduced tensions with North Korea and it enjoys foreign exchange reserves of over $200 billion. The Korean people should be full of satisfaction for a job well done but instead are rather a discontented lot.

Its per capita income is about one third that of the OECD average. Economic growth is expected in the 3-4% range closer to a mature economy than an Asian tiger. Unemployment is becoming an issue and a stronger currency and relatively high wage levels are crimping exports which account for 40% of its economy. Exports are up only 7% this year after a 31% jump last year. After a credit card binge, average net consumer borrowing is equal to 100% of disposable income and the bank of Korea recently bumped up its benchmark rate for the first time in three years.

What is going on here? Somewhat surprisingly, South Korea is experiencing many of the same outsourcing issues that Americans complain about. It was the largest investor in China last year with over $6 billion in fixed investments. Its largest steel maker POSCO announced its intention to invest $12 billion in a steel plant in India where it already runs 24 steel companies. Hyundai manufactures 600,000 autos in China and its affiliate Kia makes 150,000 more.

Meanwhile Samsung Electronics has become Asias largest technology company by market cap (larger than Sony), and its largest maker of memory chips and flat panel screens and mobile phones. Samsung enjoys a credit rating higher than South Koreas sovereign rating. With 62 affiliates, the Samsung group dominates life in Korea like no other company in history. It represents 15% of the nations total economic activity, 25% of the capitalization of the KOSPI stock market and the taxes it pays represent almost 10% of total government income!

Samsung, up 25% so far this year, is still attractive at about 11 times consensus 2006 earnings estimates and its operating profit was up 29% in the third quarter. Despite third quarter net income declining 30%, a strong fourth quarter is expected. There is a shortage of LCD television panels and its flash memory chip global market share exceeds 60%. As prices have come down flash chip sales have gone up 40%.

But the company is not a terrific play on the South Korean economy. Rather it is a global play on its three key markets and the expected payoff from its extraordinary commitment to R&D. The South Koreans are discontented because the five largest companies are growing outside the country more than in it and at a stage of development where it should be more competitive manufacturing onshore. The challenge is the low cost manufacturing platform with huge economies of scale just next door the issue is China. Samsung already has already has 29 plants and 50,000 workers in China.

Since China is already starting to manufacture stuff like machine tools that the South Koreans were busily exporting in 2003 and 2004, South Korean planners believe it must quickly transform itself into a finance, communications and transportation hub akin to the role of Singapore or Switzerland. The question then becomes do they have the right companies, the right skills and what is its competitive advantage?

Together, Samsung, POSCO, KEPCO (Korea Electric Power) and SK Telecom account for almost 50% of South Korean stock markets market capitalization. To use a basketball analogy, the South Korean starting five are strong but its bench is a bit thin and its team has lost the home court advantage. The problem is not Samsung but rather that they need about ten more Samsungs.

The top four companies also make up 40% of the South Korea iShare (EWY) ETF which is up 29% so far this year. Samsung alone accounts for 23% of this ETF and buying the iShare gives you more exposure to the top ten South Korean companies. I am trimming our position in the South Korea iShare to take some profits off the table and with the expectation that the stronger won and higher interest rates will lead to a slowdown in exports. Together with the likely re-emergence of the North Korean problem, this may very well undermine investor confidence.

Bottom line: buy Samsung based on valuation and top notch global reach and R&D but expect tougher going for the South Korean economy as China turns from robust export market to direct competitor.

or more information go to http://www.chartwellasia.com or call 877-221-1496

Carl Delfeld is head of the global advisory firm Chartwell Partners and editor of the the "Asia-Pacific Growth" newsletter. He served on the executive board of the Asian Development Bank and is the author of "The New Global Investor." For more information go to http://www.chartwellasia.com or call 877-221-1496.

Commodities Futures The Best Contracts to Trade

Here we look at the best contracts to trade, for long-term trend followers - and how to blend these commodities and futures contracts, to obtain good diversification - and great profit potential. We also reveal the one commodity contract, which any trader should be looking to trade.

One of the great advantages of commodity futures trading is the wide variety of un-correlated groups that you can trade.

The main trading groups are:

. Currencies
. Interest Rates
. Stock Indices
. Grains
. Meats
. Energies
. Metals
. Food and Fibre

The big moves only come a few times a year - and of course, in futures and commodities, its the big moves that make the big profits.

Single Groups or Diversification?

In futures, and commodity trading, this depends on the risk / reward you want - and the amount of capital you have.

If you trade just one or two groups, then your commodity and futures trading risk / reward in will be higher

The Best Contracts to Trade

We have outlined the best futures and commodities contracts below - based upon the following criteria:

. Liquidity, and investor participation
. Long term trends, over the last 30 years.

Currencies

A great market for long-term trend followers - all currencies exhibit long-term trends - as they reflect the underlying health of the economy.

A good place to start is the Dollar Index, which can be less volatile than the individual currencies - and is suited to long term position traders.

Interest Rates

Another great group - interest rates - considered boring, by many commodity futures traders - but theyre not! They have great long-term trends - with the best contracts being the T Bond and T Notes.

Stock Indices

The S & P is the one, most commodity & futures traders look at - but there are plenty of others. Good markets to trade include the DAX, NASDAQ and Dow Jones.

Energies

Energies are the biggest physical commodity group in the world - in terms of volume. The energies group exhibits good, long-term trends all the time.

All traders should start with Crude Oil, but for traders who really want to taste some action, check out Natural Gas when trends come here, theyre huge! A word of caution on this market - its only for futures commodity traders with deep pockets - and strong nerves.

Adding Diversity

The above commodity futures are all suitable for trading as individual groups - however with the contracts listed below, wed only trade as part of a diversified portfolio - due to lower liquidity, and limit moves.

Metals

The main focus for speculators is on, Copper, Gold and Silver - however the White Metals of Platinum, and Palladium, have produced some of the best trends of recent years.

These rare metals are precious metals - but double up as industrial metals as well. Although trading volumes are thin, volatility and limit moves are frequent - for traders with deep pockets, these metals offer outstanding long-term trends.

Grains and Meats

Grains and Meats were big contracts for speculators in years gone by - but they have lost some of their shine. Speculators now trade more financials - however, Pork Bellies, Live Hogs, Feeder Cattle, and Live Cattle, still offer commodity futures traders great trends.

The grains are similar and the Soybean complex - Wheat, and Corn, are the markets to look at.

Food and Fibre

The markets to look at are Orange Juice, Coffee, Cocoa and Cotton. Cotton is probably the best market for long-term trend followers - but this is very much a personal choice.

Successfully Blending a Portfolio

Today, many traders simply focus on the financials (and currencies are the best group to trade) - however as you can see from the above, that commodity futures traders, have plenty of contracts from which to choose.

With the global economy expanding fast, theres one contract that looks a great long-term buy - the contract to buy, and hold, for huge gains. Its the CRB index - which is a basket of commodities - and it looks set to soar because, commodities go up, based upon the huge demand from countries, such as India and China - check it out!

New! A valuable FREE Currency Trader CD containing 9 critical trading reports, tips, strategies and commodities futures. Visit our web site now and grab your CD http://www.tradercurrencies.com

Investment Strategy: Contrarian Investing 101

Have you ever wondered why some people are able to invest in any financial instrument or property at a low price and why you have always missed the boat? This article explains the importance of understanding why contrarian investing works and how having such a mindset can help you make more money as part of a larger investment strategy.

1.Value Investing mindset

Before one can profess to be a contrarian investor, you must have an understanding of the underlying value of the thing you are buying and decide that it is undervalued and historically and the market will rebound within a good period. A good book to start reading on value investing in the stock market is The Intelligent Investor, by Benjamin Graham who was Warren Buffets Professor in Columbia University and helped shape his investment strategy. So because you know the usual market value of something, you can purchase it on the cheap when prices drop , not unlike shopping for discounts at a supermarket.

2.Look out for downturns

Another key indicator is to understand your market well and then pay a careful attention to downturns in the economy or freak incidents like September 11. Some investments do down in value due to macro economic factors that may have nothing to do with your particular investment. A contrarian investor would spend time looking for ominous signs in the papers which may lead to a downturn so as to purchase stocks, shares at a discount to the average price.

Downturns that can prove profitable include:
Natural Disasters that have nothing to do with the underlying stock.
Cross Border Disputes affecting a particular Companys price which has nothing to do with its main operations.
Wars and Hostilities that can affect the competitors of your current favourite stock.

3.Look out for excessive exuberance

Contrarian Investors know that downturns can also be profitable if you use Put options which pay you when the underlying stock declines in price? The best way to predict such a downturn would be to look for in the words of the former Chief of the Federal Reserve Allen Greenspan, excessive exuberance. This means basically that while prices are still rising furiously, the number of buyers would start decreasing and a market correction might follow.

Some indicators of such excessive exuberance include:

When you see financial analysts being very rosy on highly speculative stocks.
When the stock market indexes start rising close to record highs.
When you notice that trading volume diverges with the price, meaning that while prices are rising, the trading volume is dropping.

Contrarian investing is thus a mindset where the individual looks for trading opportunities which can yield profits. A contrarian investor thus looks out for economic, political and other factors which can cause a large market movement in the particular financial instrument that he is trading in and can make a large capital gain from his investment. This form of investing can be part of a larger investment strategy and one should consider contrarian investing as part of his online investing warchest today.

Copyright 2006 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)

Joel Teo writes on various financial topics relating to Ahwatukee Real Estate Investment. Signup for his free online Real Estate Investing newsletter today and gain access to the Six Day Real Estate Investment Profits Course now at www.realestateinvestment101.info/Ahwatukee.html

Currency Trading Why It's Harder Today than It Ever Has Been Part 1

Currency trading looks deceptively easy, yet only a small number of traders succeed.

This may sound an odd statement after all the communications and information available is more advanced than ever before, but this is not help it can actually hinder your quest for currency trading success Heres why.

Speed of information

Today, all participants in the market can get vast amounts of news in seconds via the internet and this creates volatility.

Of course, we all know volatility is needed to make money from any financial market -If there is no movement there is no profit potential.

Volatility and price spikes

However today, price spikes are a hindrance to currency trading success for a vast amount of traders.

How many times has this happened to you?

You take a position and it moves your way then suddenly, it recoils back hits your stop and your out of the market.

Then to really depress you, the market goes back up in the direction you had thought it would to make huge profits!

If thats happened to you dont worry your not alone, it has happened to most traders.

Information is discounted quickly and price moves and spikes are more volatile within the major trends than they have ever been.

So how do you combat these problems?

The best way is to avoid these common errors

Avoid Day Trading

The biggest myth is that to achieve currency trading success you need to day trade.

On the contrary, its a guaranteed way to lose.

You cant predict short term moves so dont try.

Also, your inevitable losses will never be covered by your profits as you dont run them. Add in transaction costs and you will lose.

You need to trade longer term and limited youre trading only to the best opportunities and you also need to accept risk.

Here is what you should do.

- Trade the longer term trends only.

- Be highly selective in your entries Dont trade for the sake of trading.

-Accept more risk!

Dont put your stop where everyone else does.

If you are confident in your trade give your position a wide stop.

This doesnt mean being rash but if you believe in a trade you are going to have to take risk.

- Dont diversify too much only trade the trades that you believe will make big gains and risk more on them.

-Dont move your stop to quickly leave it behind to cope with volatility.

-Have a profit target and once reached get out or then you can tighten up your stop

You need to be able to mentally accept big gains!

Traders who trade for small profits or day trade are doomed in the majority of cases to fail, as are the ones who cant accept huge profits.

This may sound an odd statement, but its true.

It takes a lot of courage to sit on a position thats making thousands of dollars and watching short term volatility eat into them.

If you believe in your method you should stick with the trade and keep in mind that many currency trades last several months or years.

These are the trades that will make your currency trading a success so focus on them, hold them and risk as much as you can, so you dont get knocked out the trend.

In part 2 we will look at specifically how to do this and how you can catch the big moves and make big profits.

MORE FREE BETTER TRADING INFO

On all aspects of becoming a profitable trader including info about trading legend W D Gann who made a a $50 million fortune trading go to our website for an exclusive Gann Trading Course visit our website at http://www.net-planet.org/index.html

Forex Trend Following - The Basics For Making Big Profits

Forex trend following can be very lucrative as for the technical trader forex markets offer some great long term trends and profits for those who trend follow correctly.

Lets look at the basics of forex trend following.

Trend following means longer term

Before we start we are going to look at long term trend following and this means catching trends that last for weeks or months.

Were not interested in day trading here, the odds are against you doing this and short term moves are random so dont try it you will lose your money.

Spotting the trend

For forex trend following start with the weekly chart this will give you the big picture and you can spot trends that last for weeks months or years here.

Next move to the daily chart and try and spot support and resistance that is on both charts. The weekly chart gives you the big picture and the daily gives you entry levels.

Methods for trend following

Perhaps the best place to start is with a breakout method.

Its a fact that most major currency moves start from new highs and the advantage of a breakout method is that you can trade with confirmation of a trend in motion.

We have written about breakout methods in other articles simply look them up, there is not enough room here to explain in detail.

You can use just charts but we like to use a couple of timing indicators to judge the strength of the breakout and for this look no further than the stochastic indicator which is the ultimate timing indicator in our view.

Its available free on internet charting services and is easy to understand and apply.

Be very selective

Dont trade just for the sake of trading.

In forex trend following the big moves only come a few times a year so wait for them.

Its these trades that make the big profits, so be patient.

Money management.

A breakout method makes money management fairly easy.

Breakouts are either false and fail quickly, or you get a strong trending move.

When setting stops in long term trend following, dont trail it to quickly to lock in profits.

Your looking to hold these trades for weeks or even months, so be prepared to suffer the emotions of seeing large dips in open equity and keep the bigger picture in mind.

If you are new to trading long term forex trend following is a good way to start.

If you get it right you can make some really big profits and that after all is the aim of all forex traders.

FREE FOREX PDF's Features and SYSTEMS

On all aspects of becoming a profitable trader FREE PDF guides and for a great Gann Trading Course outlining the methods of one of the most famous traders of all time visit our website at http://www.net-planet.org/index.html

Seven Deadly Trading Mistakes - Part Five

By now you might be thinking that this trading business requires somewhat more effort than you first thought. And you would be right! In fact, that's the subject of todays lesson.

Mistake Number Five - Not Putting In The Required Effort

It's a strange phenomenon that seems almost unique to the field of internet trading; people believe that they can read a book, open an brokerage account, and start making huge amounts of cash just like that.

I used the analogy of an airline pilot in the last article, so lets continue with that theme here. Not many people would expect to decide on Monday that they wanted to fly long-haul airliners, buy and read a book on the principals of flight on Tuesday, and start work as a Captain on Wednesday. But with trading, such a short learning curve appears to many to be perfectly expected.

Whilst I certainly agree that, proportionally in relation to other activites day trading can provide much greater returns for much less effort, it nonetheless does require some effort to get going.

Trading, like any other skill, takes time and commitment to learn and become proficient. However, unlike many other skills, that time to become sufficiently adept need not be costly, or at the expense of existing obligations. In other words, a novice trader can learn the markets and practise their trading whilst continuing in their day-job, and without significant outlay.

Indeed I would advise any would-be trader to have a steady source of income when they start out. The absolute need to generate a profit can have a hugely detrimental effect on trading decisions.

A problem a lot of student traders I work with have is that they start out with a healthy dose of motivation, but when the going gets tough they start to lose interest. Suddenly it becomes too much like hard work. The first losing trades make for a powerful reality check. Motivation goes out the window, and plans to quit the day job are quietly forgotton about. Part of this problem is down to unrealistic expectations at the outset, and part is due to a lack of accountability. In a regular job, we're normally answerable to someone. If something doesn't get done, there's usually someone higher up the food chain ready to kick our butts.

When we're trading our own account, that concept no longer exists. We're only accoubtable to ourselves. For many people that's a first. The solution is to get back to that written trading plan. If the plan has been well thought out, it will include the all important mission statement, and perhaps a set of attainable goals. Re-reading these every day will help reinforce self-accountabilty and motivation.

Trading isn't difficult (something I'll talk more about in the next article), but neither is it an instant source of riches there for the taking. Like anything worthwhile, you get back what you put in. The difference between trading and other activities is that once you have mastered the skill, relative to the amount of time you spend "working" you will get back much more more than you ever put in!

About The Author
Harvey Walsh is both a trader and trading coach. He can be contacted via his website, where you can also read more about his day trading book - http://www.day-trading-freedom.com day-trading-freedom.com

A Sneaky Way to Steal Someone Else's Forex Trading System

Anyone who is serious about trading needs to have a Forex Trading System that is tailored to them, but there is no reason to start constructing your Forex trading system from scratch.

Why try and reinvent the wheel when you can benefit from other traders years of experience and borrow your trading systems ideas and concepts?

Its easy to do, and there are some pretty good Forex trading systems out there for you to work with. Some of them are free and some are very expensive, but the price tags dont always reflect the actual value of the Forex trading systems. But, many of these systems wont work for you, and I am not talking about out-right dishonesty here, which can be a big problem when trading. What I am talking about is your ability to effectively trade with the system that you may be considering using or buying.

You need to use a system that matches your life style and personality. If you have a day job (not trading), a Forex Trading System that requires you to stare at a screen all day wouldnt be appropriate. You would be distracted at work and miss the opportunities to make money, or even worse, you will not close a trade effectively and could lose money.

Some Forex trading systems have a potential to lose 20, 30 or 40% of your money before they are profitable. Can you handle a system that can drop your trading capital to half before making money? Or, are you prepared to have a string of 8 to 10 loses in a row before you have a winning trade? Some of the best traders in the world lose money on more than 50% of their trades. These are all important points to consider when you are creating your Forex Trading System. Choose aspects of the different systems that are out there that fit your trading style best, and then build your Forex trading system.

An excellent trading method, which was made famous by Richard Dennis and William Eckhardt and is sometimes referred to as Turtle Trading, is one of the best Forex trading systems that I know of. They get returns in excess of 20 to 100% per year using this system. But, could most traders trade their system? Not a chance! Dennis and Eckhardt also loose on over 60% of their trades.

Once you know what sort of Forex Trading System will work best for you, look at the components that make it work. Face it; if you are a new, or even a fairly serious, trader how likely are you to come up with a totally new concept? There are some very smart and wealthy traders out there. Why not use their ideas. Consider Dennis and Eckhardts turtle trading, their system is based on a breakout method. I know most traders could not trade using their exact method, but they could take parts of it, such as the breakouts, to confirm a trend.

You can also use other Forex trading systems to give you an outline of what parts a system has to have for it to make money. All great Forex trading systems have these three basics:

1. Entry Rules,
2. Money Management Rules and
3. Exit Rules.

Study and learn from the Forex trading systems out there, borrow their concepts, and steal their ideas. It will put you on the track to the system that will make you a successful trader.


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