2. To be a pattern day trader, an
investor must have a margin
account with a brokerage firm and
maintain a balance of at least
$25,000 at all times.
My Best Forex System on page 4
3. Big money is in big moves”. This
was said by above mentioned
legendary trader Jesse Livermore
and I could not agree more. For a
beginner trader, the best way to
familiarize himself with Forex
exchange trading and start pulling
some money out of it is to learn
using Forex trend trading strategy.
Trends do not happen as often as
we wish. But when they do it is one
of the best possibilities to earn nice
cash. You only have to sit and wait
without doing much trading when a
trend begins. Watching your profit
grow would be your biggest job.
My Best Forex System on page 4
4. Search for the best schools using
internet and find out the school
that suits you. don't believe the
information of school provided in
the internet blindly and gather the
forex school information with
pinch of salt before you are
enrolling into it. You have to know
about the teaching methods
followed by the school then only
you can chose the best school for
you according to your needs and
requirements.
Best Forex System Explained
http://andylank.com/cash-flow/
5. At this point I feel the need to
express my personal opinion.
Because I think after twenty years
in the investment field I have the
right to say that there is no ‘holy
grail', there is no one perfect forex
trading strategy , all the traders
have feel pain for losses. First and
foremost should be simple with as
few indicators, very clear
description, and to be categorized
as profitable it should identify the
entry point with high accuracy.
Best Forex System Explained
http://andylank.com/cash-flow/
6. Forex range trading is a more
complicated and advanced forex
trading system than trend trading
where money is made quite easily
due to Forex pairs moving in one
direction with minor retracements.
Ranges vary in size and time.
Some currency pairs form small
and short, others large and longer
term ranges. If we take Forex day
trading as an example a currency
pair might stay in a range the
whole day, sometimes a week or
even a few months. One has to
form definite rules and develop his
own unique and easy Forex trading
strategy or system to trade
different kind of ranges.
Best Forex System Explained
http://andylank.com/cash-flow/
