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Sunday, January 17, 2010

Trader Misses:

Sure, it¡s hard to do the majority don't agree with you - and no one likes to go against the majority. However, it¡s the right thing to do, to make your FOREX trading successful. Think about what we¡'ve just said, and you¡'ll see it makes logical sense.How many times do traders buy into support, and the market breaks support, stops them out and continues to decline. On the other hand, another common scenario is, price never get to support it simply goes higher and the trader misses the chance to get in on the trend.This type of trading is tough mentally that ¡s why 90% of traders don't do it they want to be comfortable well being comfortable is great, but you¡'ll lose money.Breakouts work, and if you use them in your FOREX Trading strategy, you won¡t be comfortable on entry - but you¡'ll make money and that will more than compensate.The way to succeed in FOREX trading is to do what the losing majority don't do then you can join the elite 10% of traders who make the big profits - try it and see!

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