The Six Forces of Forex |
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Scott OwensDate Added:
July 31, 2008The Six Forces of Forex
- Who trades forex? Understand who participates in the markets, why they are successful, and how you can emulate them.
- Why trade forex? There are superior returns in forex, but not for all investors. Are you one of them?
- Where should you trade? Choose to work with service providers who can efficiently enable your style of trading.
- What should you trade? Select the currency pair, entry, exit and money management methods that will maximize your returns.
- When should you trade? Trade when the environment is most likely to produce the best conditions for executing your system.
- How should you trade? Trade using methods that maximize your ability to emulate the proven winners.
Knowledge of these forces and how they work is a major determinant of your success as a trader. That descriptions shows these 6 forces, their relative rarity, and their effect on profitability.
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