==== ==== Since it was released a while ago, this FX profit platform is spreading wickedly in Forex community: DreamSphere Live Trading Room. Click for more info : http://dreamspherelivetrading.blogspot.com/ ==== ==== If you want to make a living trading Forex, you can. Most people who want to trade Forex want to do it for a living. Most of the people who try it fail. There are simple reasons why this occurs, reasons that can be corrected. Successful trading can be taught. After all, how many people wanted to be a trader when they were little? Archaic and incorrect trading tools Have you ever asked yourself why most traders fail? It is simply because the trading tools that they are taught when they begin to trade, lead to failure. It is like having someone hand you a rake and a shovel and tell you to build a house. 99% of the people couldn't do it. I didn't say 100% because someone would figure out how to do it. Trading schools, trading books, seminars and website blogs and forums, for the most part, are teaching traders tools that don't work. The reason they don't work is that they address the wrong problem. What works? The simplest way to prove this is to take a class, spend thousands on a course (maybe you already have or are thinking of it), trade by following a blog or forum. 95% of you will fail even though the trading system "should" work. The reason is that most trading systems do not consider momentum in the market. Some systems do try to capture momentum but they do not "know" how to trade momentum when it will most likely occur. Why Momentum? Momentum is what is needed for price to go in the direction in which you entered your trade, with little or no draw down. Can you find when these times occur? Yes. Can you find a trading signal? Yes. A trading signal that is created at the time that momentum is most likely to carry a trade is one of the best ways to make a living in Forex. If you can master these two simple concepts you can trade daily in short time periods and double your account in as little as 10, 20, 30, or 40 days. What does doubling your trading account in 10 days mean to you? Suppose you started out with $100 and doubled it every 40 days for a year. There are approximately 240 trading days each year. Just to be conservative let's say that you only trade 4 days each week; that gives us 200 days to trade. Assuming you doubled your account every 40 days you would have $1600 in the first year of trading. In the second year you would have $51,200 and in the 3rd year $1.6 million.
All of this can be done with a simple method of learning when momentum is most likely to occur and learning 4 RSI Trading signals. In fact, some people are doubling their money in less than 20 days, some even less. This is a conservative way to trade. What are you waiting for?! Paul Dean is the owner of You Learn Forex and has worked extensively with RSI, the Relative Strength Index developing new insights with trader/programmer, David Moser. He has written three eBooks: RSI Fundamentals: Beginning to Advanced, RSI Trading Examples Vol. 1, and RSI PRO:The Core Principles. In addition, he has developed a successful indicator called the RSI Paint Indicator that was adapted from a standard RSI to alert traders all 4 RSI signals. http://www.youlearnforex.com. Visit the site to download a free eBook on the RSI PRO Forex Trading System and the 4 RSI Trading Signals. Videos are available on YouTube. Article Source: http://EzineArticles.com/?expert=Paul_W._Dean
==== ==== Since it was released a while ago, this FX profit platform is spreading wickedly in Forex community: DreamSphere Live Trading Room. Click for more info : http://dreamspherelivetrading.blogspot.com/ ==== ====