Tuesday, December 04, 2007

3 Secrets To Consistent Winnings With On Line Forex Trading

If you really want to get in a market with almost nothing to begin with the on line forex trading market is the place to be. Where else can you start with $25 and realistically make 100 times that in a relatively short period of time. If that sounds like hog wash then stop reading now but if you have the ability to dream and turn that dream into action then the sky really is the limit. Let me share the 3 secrets to consistent winnings in the on line forex trading market.

Discipline

You have to have this and their is no way around it. Most people read this and they think to themselves, "I know .. I know .. I know!" OK, watch those same people lose all their money in the first year or sooner. I have to stress this enough or I would not be doing this article justice. Stay Disciplined. Do what you need to do. Do not fall in love with a certain move, get out while you are ahead. Do not let emotions get in the way of making the sound choice.

Never let a gain turn into a loss

There is nothing more discouraging than watching a profitable move go the other way against you and turn into a loss. That is greed epitomized. Be happy with what you get. Go into a move with your gain and loss stops in place. Remember the old but wise expression, "No one ever went broke taking home a winner."

Use a reliable and effective forex trading platform

There is no sense in going into a move with everything in place only to find the execution was poor. You need a reliable and fast trading platform with good spreads and a low minimum start up requirement. In fact, you can click on the link below and find a very good on line forex trading platform that I recommend.

Good luck trading this upcoming week.

By : Blake Rice - http://www.fxprofits.info/

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