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Can You Successfully Do Forex Trading On Your Own? PDF Print E-mail
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Tuesday, 09 October 2012 00:00

forex-tradingJust like any other endeavor that you may get your hands on, foreign exchange trading can be done successfully with the right attitude, adequate knowledge and lots of practice or experience. You must be disciplined, focused, and consistent because these are the winning attitudes essential in facing this rather complicated and challenging financial undertaking. Knowing yourself is always the first rule or advice that successful and experienced traders give to aspiring forex traders or even to those who are just starting up in this business.

Financial experts suggest that in order to fully know and assess oneself, you need to determine the steps that you will most likely to take to ensure that when it comes to risk tolerance and capital allocation, nothing would not be excessive or inadequate. The key to this is by carefully studying and analyzing one’s financial goals. Once the goals are identified and set, systematically define a time frame and work plan. Allocate a trial and error period, set the levels which you will consider as indicators of success or failure, determine how much time you can devote to trading, and define your main purpose like if forex trading is meant to be your main source of income or another means of augmenting your source of income. Being clear about all of these considerations will make you more focused and well guided as you manage forex trading over time.

Last Updated on Friday, 15 February 2013 04:08
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Foreign Currency ATMs and Other Banking Innovations PDF Print E-mail
Written by Administrator   
Wednesday, 13 February 2013 06:33

For the universal traveller, one of the biggest hassles when going from one country to another is changing currency. The trouble involved with carrying currency are plenty: money changers may be few and far in between, bank tellers who exchange your held currency for their country’s usually close early, and sometimes damaged currency due to mishandling during international trips are denied by banks and other similar establishments.

Credit cards are definitely one of the best things to ever happen to cosmopolitan jet-setters and backpackers alike. One of the biggest setbacks with credit cards however is that not all establishments accept it. What if you run into a unique, hole in the wall place that only accepts cash, or what if you need money for transportation and you’re out of cash? Your credit card will definitely be just a useless piece of plastic.

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A blog of a freelance day trader who has worked in Standard & Poor.
SPtrader
A blog of a freelance day trader who has worked in Standard & Poor.
SPtrader
A blog of a freelance day trader who has worked in Standard & Poor.
SPtrader
A blog of a freelance day trader who has worked in Standard & Poor.

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