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Profitable Online Forex Tactics By www.TheForexNittyGritty.com

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http://www.TheForexNittyGritty.com Profitable Online Forex Tactics There is strategy in Forex trading and there are tactics. While strategic planning sets up promising situations, profitable online Forex tactics make money. It is a strategic move to engage in fundamental analysis of the market and choose the most profitable Forex pair. It is tactics to set trading stops, modify a trading approach in mid-market, or sit out a particularly unclear trading situation. Profitable online Forex tactics come from working at the trade station day after day, honing skills, and keeping abreast of the market. For those with sufficient skill, it is possible to trade more than one currency pair at a time. Using an alert service a skilled tactician can jump in and out of promising trading opportunities, carrying profits back home with him. Trading Signals The accurate reading of candlestick patterns in Forex trading is a matter of profitable online Forex tactics. Likewise, prompt and accurate execution of trades is a matter of tactics and not strategy. When a trader uses Japanese candlestick signals as a guide to evolving market sentiment, it important to make sure that the price pattern one is seeing fits exactly into the description of a given candlestick signal. Likewise, many candlestick signals require a confirmation day in order for the trader to trade heavily into a reversal signal. It is a matter of profitable online Forex tactics to await a candlestick reversal signal in Forex trading. Deciding when to Stay Home Forex trading is not gambling. Traders do not wager their money. Rather profitable currency trading is a business and profitable online Forex tactics are a path to business profits. Many times the Forex traders who make the most money are not the ones who trade all of the time. Rather these are Forex traders who patiently wait for strong fundamental and technical signals before they trade. In doing so these traders reduce the expense incurred in making numerous trades for it is all too common for traders to eat up all of their profits in the costs of trading. Rather a smart trader engages in profitable online Forex tactics, trades infrequently, and trades to larger profits. Trend trading and range trading often fit this approach as does contrarian trading. Scalping is another matter as it requires continual trading throughout the day. The old saying attributed to the baseball pitcher, Satchel Page, comes to mind. The famous pitcher was often criticized for holding the baseball and staring at the batter instead of immediately pitching the ball. His response was that the batter could never get a hit so long as the ball was in his, the pitcher’s, hand. Likewise, Forex traders never lose money if they don’t trade unless the situation is crystal clear. Profitable Online Forex Tactics This discussion tactics is not meant to discourage traders from trading foreign currencies. Rather it is to encourage thoughtful and smart tra

TRANSCRIPT

Page 1: Profitable Online Forex Tactics

Profitable OnlineForex Tactics

Bywww.TheForexNittyGritty.com

Page 2: Profitable Online Forex Tactics

There is strategy in Forex trading and there are tactics.

www.TheForexNittyGritty.com

Page 3: Profitable Online Forex Tactics

While strategic planning sets up promising situations, profitable

online Forex tactics make money.www.TheForexNittyGritty.com

Page 4: Profitable Online Forex Tactics

It is a strategic move to engage in fundamental analysis of the market

and choose the most profitable Forex pair

.www.TheForexNittyGritty.com

Page 5: Profitable Online Forex Tactics

It is tactics to set trading stops, modify a trading approach in mid-

market, or sit out a particularly unclear trading situation.

www.TheForexNittyGritty.com

Page 6: Profitable Online Forex Tactics

Profitable online Forex tactics come from working at the trade

station day after day, honing skills, and keeping abreast of the market.

www.TheForexNittyGritty.com

Page 7: Profitable Online Forex Tactics

For those with sufficient skill, it is possible to trade more than one

currency pair at a time.www.TheForexNittyGritty.com

Page 8: Profitable Online Forex Tactics

Using an alert service a skilled tactician can jump in and out of

promising trading opportunities, carrying profits back home with

him.www.TheForexNittyGritty.com

Page 9: Profitable Online Forex Tactics

Trading Signalswww.TheForexNittyGritty.com

Page 10: Profitable Online Forex Tactics

The accurate reading of candlestick patterns in Forex trading

is a matter of profitable online Forex tactics. www.TheForexNittyGritty.com

Page 11: Profitable Online Forex Tactics

Likewise, prompt and accurate execution of trades is a matter of

tactics and not strategy. www.TheForexNittyGritty.com

Page 12: Profitable Online Forex Tactics

When a trader uses Japanese candlestick signals as a guide to

evolving market sentiment, it important to make sure that the price pattern one is seeing fits

exactly into the description of a given candlestick signal.

www.TheForexNittyGritty.com

Page 13: Profitable Online Forex Tactics

Likewise, many candlestick signals require a confirmation day in order for the trader to trade heavily into a

reversal signal. www.TheForexNittyGritty.com

Page 14: Profitable Online Forex Tactics

It is a matter of profitable online Forex tactics to await a candlestick

reversal signal in Forex trading.www.TheForexNittyGritty.com

Page 15: Profitable Online Forex Tactics

Deciding when to Stay Home

www.TheForexNittyGritty.com

Page 16: Profitable Online Forex Tactics

Forex trading is not gambling. www.TheForexNittyGritty.com

Page 17: Profitable Online Forex Tactics

Traders do not wager their money.www.TheForexNittyGritty.com

Page 18: Profitable Online Forex Tactics

Rather profitable currency trading is a business and profitable online

Forex tactics are a path to business profits.

www.TheForexNittyGritty.com

Page 19: Profitable Online Forex Tactics

Many times the Forex traders who make the most money are not the

ones who trade all of the time. www.TheForexNittyGritty.com

Page 20: Profitable Online Forex Tactics

Rather these are Forex traders who patiently wait for strong

fundamental and technical signals before they trade.

www.TheForexNittyGritty.com

Page 21: Profitable Online Forex Tactics

In doing so these traders reduce the expense incurred in making numerous trades for it is all too

common for traders to eat up all of their profits in the costs of trading.

www.TheForexNittyGritty.com

Page 22: Profitable Online Forex Tactics

Rather a smart trader engages in profitable online Forex tactics,

trades infrequently, and trades to larger profits.

www.TheForexNittyGritty.com

Page 23: Profitable Online Forex Tactics

Trend trading and range trading often fit this approach as does

contrarian trading.www.TheForexNittyGritty.com

Page 24: Profitable Online Forex Tactics

Scalping is another matter as it requires continual trading

throughout the day.www.TheForexNittyGritty.com

Page 25: Profitable Online Forex Tactics

The old saying attributed to the baseball pitcher, Satchel Page,

comes to mind.www.TheForexNittyGritty.com

Page 26: Profitable Online Forex Tactics

The famous pitcher was often criticized for holding the baseball

and staring at the batter instead of immediately pitching the ball.

www.TheForexNittyGritty.com

Page 27: Profitable Online Forex Tactics

His response was that the batter could never get a hit so long as the ball was in his, the pitcher’s, hand.

www.TheForexNittyGritty.com

Page 28: Profitable Online Forex Tactics

Likewise, Forex traders never lose money if they don’t trade unless

the situation is crystal clear.www.TheForexNittyGritty.com

Page 29: Profitable Online Forex Tactics

Profitable Online Forex Tactics

www.TheForexNittyGritty.com

Page 30: Profitable Online Forex Tactics

This discussion tactics is not meant to discourage traders from

trading foreign currencies. www.TheForexNittyGritty.com

Page 31: Profitable Online Forex Tactics

Rather it is to encourage thoughtful and smart trading as opposed to

obsessive or compulsive trading. www.TheForexNittyGritty.com

Page 32: Profitable Online Forex Tactics

After setting up a viable trading strategy, a successful Forex trader

stays tuned in to the market and uses smart, businesslike tactics to

make money.www.TheForexNittyGritty.com