Everybody loves secrets. I mean, absolutely everybody. Secrets are always so magnetic to people, who are curious to know more than others. Love for secrets can turn badly for you… But not this time! This time secrets are coming to you legally. Just for your ears. Are you interested? Now you’re gonna be interested twice, because it’s Forex secrets, to be exact – Forex trading secrets! The big Forex secret from professional Forex traders who earn a ton of money every year with currency trading now can be your official knowledge. Just read this… But – get ready to feel a little disappointed.
No Magic at All
There are no magic sticks and no wizards in this story. Sadly, or not, but Forex secrets are very prosaic!
People who trade currencies for years have been through different times, sometimes very profitable, sometimes harsh. Well, experience is experience and it allows them sharing their own philosophy with beginners now. Main Forex secrets are in their minds.
Solid Money Management
First one of the Forex trading secrets is in money management. You can read the additional article, fully dedicated to this topic here. Money management is one of the most useful Forex secrets that controls your losses and helps saving your money, even if all turns in the worst way. To say clearly, this part of Forex secrets is more than important for a successful trader. Managing your money with clear mind, you can turn your losses to a minimum and, eventually, turn your win rate into a maximum. The rules of money management (like calculating the ratio of win/lose and so on) are simple. They can be learned in the additional article about money management, as I told earlier. Ok, clear with this one of Forex Trading Secrets! Yes?
Trading Plan
Next one of the Forex trading secrets is trading plan. Trading plan is a typical Forex secret of every successful trader. It’s about formulating what you aim for, what are your purposes, determining your risks and screening your trades. Systematic plan for your trade operations is a “must” and can really help and show you the picture of your win rates, losses, operations and so on. If you follow this one of the Forex trading secrets and make your own trading plan, you will definitely gain more, because you will know where to move, how much can you lose and what operations are good for you.
A Winning Strategy
Forex trading secrets are going on! Are you curious about which one of the Forex secrets will come next? Ok, next one of the Forex secrets is trading strategy. Trading strategy is one of the Forex secrets that is absolutely driven to win. Without a winning strategy, you cannot make profits. Ok, where to get a winning strategy you might ask yourself?
Take a look to ProFx. I developed the strategy myself more than 10 years ago, improved it with my Team continuously and use it on my own and some client trading accounts. The strategy works during the American and European sessions and can be used on all the major currency pairs. This one is very easy, like, install, setup, and then – no special skills required. Read more about ProFx.
Analytic Tool to Keep You Up to Data What is Going On
Knowing at any time the level of free margin of your account, upcoming news, detailed results about the news and trend direction from all important timeframes from the currency pair you trade on is essential and very important.
Not knowing these details can result in a wrong trading decision. And that means it can cost you a lot of money. How to know? Take a look to FX Pulse. It is a powerful analytic tool for the Metatrader platform.
Automated Forex Systems
So, you know which of Forex trading secrets will be the last one? Yes, the one that is really reminding of a wizard – just a little. This one’s about automated Forex trading systems. As you might know, all big market participants like fund manager, money manager, investment banks and professional currency trader uses automated currency trading systems. Reason is that such systems can analyze a very large number of data which a human cannot. Another one is that a human trader cannot follow the market 24 hours which mean good trading opportunities will be missed.
However, when you are interested to trade with automated Forex trading systems you need to choose wisely. Here a comprehensive checklist:
- System needs to be tested with historical tick data from at least seven years. Modeling quality from the test needs to be 90%. Mismatched chart errors should be 0.
- System needs to be forward tested. Minimum period is three months but a longer period is of course better.
- System needs use fixed stop loss levels, otherwise you can face serous losses.
As you can see, the so called Forex secrets are not so secret at all and there is no magic included. So, why it is so that so many Forex traders fail? Because trading success consist from the combination from different techniques. When one part is missing, you fail.
Exactly, for this reason we offer all on one solution for manual and automated trading to make sure you will be one from us who make constant profit trading currencies.
Let me assure you it is exiting to be a successful Forex trader who trades for a living. Become one of us, today!
