Relevant Updates on All You Need To Know About FOREX Trading. Beginners' Friendly.


https://www.nairaland.com/7394221/relevant-updates-all-need-know#117752916
The Purpose of This Thread is Plain Simple.

Hence; As We Spring into Actions; Our Responsibilities here would be to provide FOREX Traders and Enthusiasts with Frequent Relevant Updates on FOREX Trading as We Are Keen To Providing Everyone with The Foundational KNOWLEDGE mixed with Circular WISDOM of Many FOREX Traders so You can Enjoy Advanced UNDERSTANDING of The FOREIGN MARKET otherwise Known as The FOREX Market.





Here are Some Important KEYS To Always Keep in Mind as A FOREX Trader.

These KEYS are Correctional KEYS To The Mistakes Most FOREX Traders Continually COMMIT Simply Because of Their Ignorance.

So, if You happen to MEMORIZE, UNDERSTAND and Put These KEYS into Mental and Physical Practice;

No doubt - You'll Eventually Grow To Become A CONSISTENTLY Profitable and Successful FOREX Trader.









FOREX TRADING KEY 1:

1) Don't Just Be A Trader. Be A Partner of A Broker if You cannot Be A FOREX Broker.


FOREX TRADING KEY 2:

2) Engage in FOREX Trading in both ways. The Online and Offline Way. Live It. Don't Just Trade Dollars Online without Spending The Dollar.

Note: Spending means "Buying" or "Selling".



FOREX TRADING KEY 3:

3) Develop A Trading Strategy that Allows You To Live OFFLINE and ONLINE - Digitally.


FOREX TRADING KEY 4:

4) Find or Remodel or Create A Trading Strategy That You can Adopt To Trade PROFITABLY when The FOREX Market is in A RANGE.

Key fact: The FOREX Market ranges atleast 70% of the Time. The FOREX Market Trends BULLISH or BEARISH for just 30% of the Time.


So, Why not trade with This Mentality and Followup with FOREX Trading STRATEGIES that Helps You MILK OUT Good Amount of Profits 70% of The Time ?

Let Millions of Many Others COMPETE with Themselves for The Leftover 30%.

RelevantUpdates:
Relevant Updates on All You Need To Know About FOREX Trading. Beginners' Friendly.



The Purpose of This Thread is Plain Simple.

Hence; As We Spring into Actions; Our Responsibilities here would be to provide FOREX Traders and Enthusiasts with Frequent Relevant Updates on FOREX Trading as We Are Keen To Providing Everyone with The Foundational KNOWLEDGE mixed with Circular WISDOM of Many FOREX Traders so You can Enjoy Advanced UNDERSTANDING of The FOREIGN MARKET otherwise Known as The FOREX Market.





Here are Some Important KEYS To Always Keep in Mind as A FOREX Trader.

These KEYS are Correctional KEYS To The Mistakes Most FOREX Traders Continually COMMIT Simply Because of Their Ignorance.

So, if You happen to MEMORIZE, UNDERSTAND and Put These KEYS into Mental and Physical Practice;

No doubt - You'll Eventually Grow To Become A CONSISTENTLY Profitable and Successful FOREX Trader.









FOREX TRADING KEY 1:

1) Don't Just Be A Trader. Be A Partner of A Broker if You cannot Be A FOREX Broker.


FOREX TRADING KEY 2:

2) Engage in FOREX Trading in both ways. The Online and Offline Way. Live It. Don't Just Trade Dollars Online without Spending The Dollar.

Note: Spending means "Buying" or "Selling".



FOREX TRADING KEY 3:

3) Develop A Trading Strategy that Allows You To Live OFFLINE and ONLINE - Digitally.


FOREX TRADING KEY 4:

4) Find or Remodel or Create A Trading Strategy That You can Adopt To Trade PROFITABLY when The FOREX Market is in A RANGE.

Key fact: The FOREX Market ranges atleast 70% of the Time. The FOREX Market Trends BULLISH or BEARISH for just 30% of the Time.


So, Why not trade with This Mentality and Followup with FOREX Trading STRATEGIES that Helps You MILK OUT Good Amount of Profits 70% of The Time ?

Let Millions of Many Others COMPETE with Themselves for The Leftover 30%.

FOREX TRADING KEY 5:

5) Adapt To The Trading Strategy That Assures You of atleast 70% WINRATE in The 70% RANGING Market-Time of The FOREX Market.

Pick One, Practice It, Master It and Trade it Alone Until it Becomes A Part of You. Until then; don't learn another FOREX Trading Strategy.


FOREX TRADING KEY 6:

6) With A 70% WIN-RATE in a 70% Ranging FOREX Market; The Only Thing You want to Think about is How To Manage Your Exposure To The 30% LOSE-RATE of Your RANGE-Trading-Strategy.

So, Here is The Key Point of This KEY 6: You Should Build A STAKING PLAN That PUTS YOU in MASSIVE PROFITS as it Attends To The PROBABILITY of COVERING UP For Your 30% LOSE-RATE and SUITABLE AMOUNT OF YOUR TARGET PROFITS in The FOREX Market.


if You don't Understand The above FOREX KEY (6), Read it again. Study it. You'll Understand.




FOREX TRADING KEY 7:


7) As You Enjoy Your Profits in The FOREX Market; Increase Your Responsibilities and Commit To Charity or Societal Empowering Projects in Your Neighborhood.

Hint: Your Increased Social Responsibilities Opens Up Your Psychology To Staying Responsible and Consistent To Your FOREX Trading PROFITS.



FOREX TRADING KEY 8:

Teach Others Your Pathway of Trading. Grow Your Circle without Blowing Up Your Circle.

The More You Teach, The More You Know, Simply Because:

The More You Teach; The More You Meet.

RelevantUpdates:


FOREX TRADING KEY 5:

5) Adapt To The Trading Strategy That Assures You of atleast 70% WINRATE in The 70% RANGING Market-Time of The FOREX Market.

Pick One, Practice It, Master It and Trade it Alone Until it Becomes A Part of You. Until then; don't learn another FOREX Trading Strategy.


FOREX TRADING KEY 6:

6) With A 70% WIN-RATE in a 70% Ranging FOREX Market; The Only Thing You want to Think about is How To Manage Your Exposure To The 30% LOSE-RATE of Your RANGE-Trading-Strategy.

So, Here is The Key Point of This KEY 6: You Should Build A STAKING PLAN That PUTS YOU in MASSIVE PROFITS as it Attends To The PROBABILITY of COVERING UP For Your 30% LOSE-RATE and SUITABLE AMOUNT OF YOUR TARGET PROFITS in The FOREX Market.


if You don't Understand The above FOREX KEY (6), Read it again. Study it. You'll Understand.




FOREX TRADING KEY 7:


7) As You Enjoy Your Profits in The FOREX Market; Increase Your Responsibilities and Commit To Charity or Societal Empowering Projects in Your Neighborhood.

Hint: Your Increased Social Responsibilities Opens Up Your Psychology To Staying Responsible and Consistent To Your FOREX Trading PROFITS.



FOREX TRADING KEY 8:

Teach Others Your Pathway of Trading. Grow Your Circle without Blowing Up Your Circle.

The More You Teach, The More You Know, Simply Because:

The More You Teach; The More You Meet.

FOREX Trading Key 9:

9) Start Your Way To Learning To Trade in The Trending Markets as You Already Enjoy Remarkable Success as You Trade The Range Markets.




FOREX Trading Key 10

10) Develop Your Strategy for Trending Markets by Following Through with A Strategy that Gives You atleast 70% WIN-RATES when You Use it On Trending Market Conditions that could either Be BULLISH or BEARISH.




FOREX Trading Key 11:

11) Followup with Your Trading Stake Plan that is Sure To Cater for Your MASSIVE Profiting and 30% Lose-Rate in The 30% Time-Trending -Market.




FOREX Trading Key 12:

12) Improve Your Trading Profits by Improving Your Charity Works in The Society as You Teach Others How To Also Successfully Trade The FOREX Markets.

RelevantUpdates:



FOREX Trading Key 9:

9) Start Your Way To Learning To Trade in The Trending Markets as You Already Enjoy Remarkable Success as You Trade The Range Markets.




FOREX Trading Key 10

10) Develop Your Strategy for Trending Markets by Following Through with A Strategy that Gives You atleast 70% WIN-RATES when You Use it On Trending Market Conditions that could either Be BULLISH or BEARISH.




FOREX Trading Key 11:

11) Followup with Your Trading Stake Plan that is Sure To Cater for Your MASSIVE Profiting and 30% Lose-Rate in The 30% Time-Trending -Market.




FOREX Trading Key 12:

12) Improve Your Trading Profits by Improving Your Charity Works in The Society as You Teach Others How To Also Successfully Trade The FOREX Markets.

Yesterday, We provided The Important First 12 Keys needed by Everyone who is ready to Become and Stay Very Profitable in The FOREX Market.


These 12 Keys will be very helpful and useful to you as you utilize.


Today; We are moving ahead to Important Tools Needed To Trade The FOREX Market.



And Today, We will be giving reference to an important tool which many FOREX Traders do not know of or generally use to decide The Psychological Bias of Currency Pairs in The FOREX Market.



This Tool is a great tool in the sense that it provides Both Fundamental and Technical Analysis for Currency Pairs.

However; it is not a tool to fully rely on your complete trading experience as you must always prioritize :

1) YOUR TOP DOWN ANALYSIS and

2) YOUR SUPPORT and RESISTANCE LEVELS


To Coincide with The Tool We shall be providing You All Today.





Some of you must have seen this tool before now. Some of you may probably be using it. However, it remains one if the most important FOREX Trading Tool that is less talked or taught about.


Hence; There must be something Discreet about this tool which people do not know about.

Let's find out.

VERY IMPORTANT FOREX Trading Tool:

The Currency Heat Map Tool.


With The Picture below; You can see The Currency Heat Map Tool in Action.



The Strengths and Weaknesses of Five Currencies Paired with Other Currencies are Displayed Below.

RelevantUpdates:
VERY IMPORTANT FOREX Trading Tool:

The Currency Heat Map Tool.


With The Picture below; You can see The Currency Heat Map Tool in Action.



The Strengths and Weaknesses of Five Currencies Paired with Other Currencies are Displayed Below.

As a matter of fact, We Focus and Trade on The EURO Currency.

And this is why the arrow points to illustrates actions concerning the EURO and all of it's Pairs.




More illustrations coming up shortly

RelevantUpdates:
VERY IMPORTANT FOREX Trading Tool:

The Currency Heat Map Tool.


With The Picture below; You can see The Currency Heat Map Tool in Action.



The Strengths and Weaknesses of Five Currencies Paired with Other Currencies are Displayed Below.

For the purpose of understanding the data on the Currency Heat Map Above; it is necessary that We drop some Keys for Easy Comprehension.


I'll drop the keys with the picture below.

With the infographics provided below; you can have an easy understanding of the Currency Pairs at any particular period of time.

RelevantUpdates:


As a matter of fact, We Focus and Trade on The EURO Currency.

And this is why the arrow points to illustrates actions concerning the EURO and all of it's Pairs.




More illustrations coming up shortly

As You can see on the quoted writeup above;

"We FOCUS and TRADE on The EURO Pairs."


This is a very Important Ideology that You have to Follow Up with Particularly as a Beginner when trading The FOREX Market.


To fasten Your Understanding of The FOREX Market, it is of TOPMOST IMPORTANCE That You FOCUS on A Particular CURRENCY To MASTER It's Behavioural Movements with Other Currency Pairs.


This is the Easiest Way To Understand The Entire FOREX Market through the lens of reading and studying A Particular CURRENCY.

Note: "Currency" is different from "Currency Pairs"

"Currency" could either be:

EURO,
POUNDS or
YEN.


"Currency Pairs" could either be

EUR/GBP,
GBP/USD,
EUR/USD.






Now; As a Matter of Fact - Based on Our Very Own Experiences and Facts about The FOREX Market; We Focus on Trading The EURO Currency and All of It Pairs.


So, if you really want to improve your trading experiences thereby improving your profiting in The FOREX Market whether as a Beginner, Intermediate or Expert Trader; You should Focus on A Particular CURRENCY

Then;

You Focus on Mastering it's Behaviorial Relationships with Other Currency Pairs One after The Other in The FOREX Market.

Think about it Yourself:

This is The Prettiest Simplest Way to Easily Understand The Overview of The FOREX Market.



This may seem hard to do, and you may always want to be tempted to take trades on other CURRENCIES from Time to Time; However - If You really want to Consistently Profit and Succeed in The FOREX Market, You have got to Learn and Do Things The EASIEST Way Possible.


It's Just Simple Logic.

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Thank God It's Monday Again!

Another Monday to Trade on Opportunities....


Reach Out if You Need Guidance and Training in Learning To Trade The FOREX Market - The SAFE and RIGHT Way.