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Forex , like any trade/business, requires nurturing and skill, and probably most importantly time. ('Time Is The New Currency')
In today's times, we expect 'instant' results in everything we do, and when it comes to Forex trading, it will test your patience and life skills to the maximum.
Trading is an art and skill, which can be learned and taught, in which the rewards can be enormous, if, and it's a big if, you have the correct mentoring to suit your trading style.
You have to serve a trading apprenticeship, and for some it can be 10 years or 6 months. Some or most never prove to be successful trading Forex.
SO WHAT'S THE BIG SECRET?
Wwwaaaaaiiiittttttt fffoooooooorrrr it! Remember 'patience' is one of the great strengths you must adopt when trading Forex.
1) TOP SECRET
There are 3 different trading sessions in one day. Japanese, London and New York. You must look at these as individual trading opportunities. Most traders just haphazardly trade through session to session not being aware of what session they are trading. It is critical to look at each separately on its own merit.
2) TOP SECRET
What if I could tell you the best days where currencies against the dollar have the highest probability of their largest move of the week. Well, after tiresome research here they are:
-EUR/USD Wednesday/Thursday
-GBP/USD Thursday
-AUS/USD Monday/Tuesday
-USD/JPN Wednesday/Thursday
-CAD/USD Tuesday
-NZD/USD Monday/Tuesday
I will only trade these currencies on these specific days, where set ups are occurring.
3) TOP SECRET Secret Whatever style of trading you work with, whether it's Support/Resistance, or whatever indicators you use, I only use Tom Demark trendlines for entries and exits.
This is the single most important book ever written on Trading. 'The New Science Of Technical Analysis' by TomDemark.
Caution; I never trade on the week of the FOMC. Let the markets settle and make some money the following week.
Well fellow traders that's all for now. Good luck with your trading and every success for the future.
Sean
I've been trading for 5 years, and through the guidance of the methods explained in [http://www.forexmentoroffice.com], you really can take your Forex Trading to a new stratosphere. The methods taught are revolutionary, and I sincerely guarantee it will take you from Forex Apprentice to Forex Mastery in the shortest time.
All the very best.
Sean McArthur
[http://www.forexmentoroffice.com]
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