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Written by Hass 67   
Monday, 30 March 2009 21:53
Life is beautiful. Did you see the movie, Beautiful Mind? It was about Professor John Nash who was a pioneer in Game Theory. He was awarded a Nobel Prize. Every moment of your life is beautiful. Develop new passions. Learn new things.
by Hass67


Life is beautiful. Did you see the movie, Beautiful Mind? It was about Professor John Nash who was a pioneer in Game Theory. He was awarded a Nobel Prize. Every moment of your life is beautiful. Develop new passions. Learn new things.

Once, tennis used to be my passion. I wanted to play tennis but my returns were very poor. My volleys were horrible. I had a very poor serve.

So, every evening, I would go to the tennis court and practice. I would watch how the good players used to play. Slowly, my game started improving. Winning and losing lies in your mind.

I had an ambition. I had a dream. I wanted to be known as a good tennis player. Winning and losing lies in your mind. If you have seen the movie, The Secret, it explains the secret of success very beautifully.

Forex trading is like playing tennis for me. Everyday is like a battle. If you are good, surely you can defeat the currency markets. But to become good at forex trading, you have to do lot of learning and practice.

Your first step should be to digest a good forex trading course. Go through the course again and again. Digest even small points given in the course. Pause and ponder on each line in the course.

You aim should be to master the behavior of the currency markets. You should train yourself for that. Learn Technical Analysis. It is the thing to learn for a successful day trader.

You should be the master of using indicators in your trading. Learn what type of indicators is lagging and what type of indicators is leading.

Grasp how support and resistance works. You should have a pretty good knowledge about EMAs, SMAs, MACD, Bollinger Bands, ADX, etc. Pivot Points are used by many successful traders to determine entry and exit in the market. Understand the use of Pivot Points.

Learn the money management principles. This is one thing that most traders simply skip. Do you know that in the end, it is good money and risk management that can make you a good trader?

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in investing, stock and forex trading. Know the Best Forex Trading Course. Discover a revolutionary new Forex Robot.
Last Updated on Wednesday, 08 April 2009 08:22