| I'm here to share with you the currency trading | | | | more focus on the entry costs, than the exit costs. |
| basics. These should hopefully put you on the right | | | | It is understandable since in our own lives we are |
| path to building a strong foundation that leads to | | | | looking for good buys, but in this business, good sells |
| profitable trading over the long term. | | | | are what we're looking for. We make our money |
| - Your Free Personal Consultant: Did you know that | | | | when we exit our trades. If we can't exit for more |
| every currency trader has a free personal | | | | than what we entered for, we lost. We have made |
| consultant? Yes, it's called the news. Everyday there | | | | a bad trade. You need to focused on finding the |
| are news releases and stories happening that have | | | | great exit. Than compare it to the buy price. You |
| an affect on the direction of currency. Some news | | | | want to be sure that when you buy, you're going to |
| have more affect than others, but you can be sure | | | | be able to sell in the future for profit. |
| that the more economic impact, the more currency | | | | - Simple Routines: Ask yourself, what was I doing on |
| impact. When starting out, stick to following | | | | a regular basis when I was successful at something? |
| economic news. This type of news is not "breaking". | | | | You probably were applying a simple routine. Routines |
| It is released at specific planned out times. Usually | | | | are really the key to success and in this business, it is |
| happening in the morning. Any information about GDP | | | | no different. You need to have a simple routine of |
| growth, unemployment rates, etc that show the | | | | trading. You need to look at A,B,C than do D,E,F, |
| economy is doing well, is typically good for a | | | | than finally G. At that point, you move to back to A. |
| currency. | | | | The idea here is to simplify the process of trading, |
| - Exit: When looking for a currency I bet you put | | | | and just make it into easy steps to follow. |