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by Phil Smulian
These Forex Signals are delivered by email and clients receive their Forex signals on their cell phones, laptops and PCs. That means that it doesnt matter where you are and what you are busy with you have the potential to always be in touch with the Forex Alerts generated by The Euro Forex Trading System. Trading currencies has never been this accessible and it has never been easier to manage your own Forex Trading account while you keep your day time job. With top of the range technology The Euro Forex Trading System signals can be executed on the Forex Market by using your cell phone. Trading currencies is no more an 8 hour a day glued- to- the- screen- job, but rather something that will give you the freedom you deserve as a self directed trader with compliments from the Forex Signals our winning Euro Forex Trading System generates.
Visit Euro Traders online at www.euroforextradingsystem.com for more details on how you can become a successful Forex Trader with the help of the Forex signals as generated by The Euro Forex Trading System.
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Entries and exits can never be "irrelevant" for any trader for any purpose. It is just that psychological aspects of trading are much more important than entries and exits, and decisive for the success or failure of a trader in the long run. Perhaps exits are more important than entries because any perfect or near-perfect entries are possible only in hindsight.
WORDS OF WISDOM
Any market, be it real estate market or forex market, is all about transferring money from the masses to a few lucky ones in the long run. In most real property speculation cases, the masses make money ,a lot of money, but the money stays as paper profit and evaporate before they realize their paper profit into real hard cash. In most forex speculation cases, the masses barely survive a few years thanks to lack of knowledge of the market and the deadly leverage. But both types of speculators all serve their useful purposes in investment food chain contributing their hard earned money to the market in exchange for a dream.
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I use very primitive Forex charting methods. Please read 8 hour charts of EUR/GBP with 20 and 40 MA, and read round figures and breakout (from consolidations, then you will realize the method cannot be more primitive than that, but still deadly effective). Buy on dips towards the support and add up on breakout of that consolidation treating the two as one trade with same stop loss and "keep them" as long as the market moves in your way.
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AUD/JPY is one of the important pairs influencing AUD after Dollar, Euro and Pound. Usually falling AUD/JPY is good for Yen Bulls as well.
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Indeed large multinational and individual banks and other major financial institutions have dominated FX trading (also known as Forex trading), but there is a paradigm change in the nature and type of investing. According to one estimate, in the new millennium, there are over 6 million online investment accounts, up from 1.5 million in 1997. As a result, start-up firms now compete directly with financial institutions to serve investors in the new technologically driven economy, and the clear winner is the customer. The competition between the brick and mortar institutions and the Internet-based companies has dramatically lowered the costs of investing, and empowered the individual investor to take control of their own investment strategy in Forex trading.
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