Foreign Exchange Trading Strategies and Advice

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I'm here to share with you some of my foreign exchange trading strategies and advice that I use to help me make more profitable trades. These tips have helped me develop into a trader that has been consistently making profits over the longterm and it should help you too.

The first piece of advice I'll give you is to try your best to act confident. There is no way you can just tell yourself to be confident, so that is why I ask you to act confident. Confidence isn't a choice, but something that is earned through positive experience. The act of being a confident trader is being sure of the decisions you make. You need to apply them and follow through without having to triple check every little thing. You also need to be confident enough to allow you trades to have time to perform. It is easy to get upset with every little change that doesn't go your way and leave. You need to allow things to perform to make sure your analysis has a chance to play out.

The next thing I want to give you is some advice about the failures you will meet. They're not really failures, but temporary failures that we experience. In this business it is bad trades. You'll have them. You'll have runs of bad trades. Most people end up quiting when this happens. I'm telling you to keep going because these little failures help you grow as a trader. Every bad trade allows you to learn a little more about trading. Eventually the bad will turn to good and you'll start to see more profits over the longterm.

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