Friday, May 29, 2009

Have adequate capital

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Friday, May 29, 2009 Forex Technical Analysis 12:20 AM
Have adequate capital: You should never trade with money that you cannot afford to lose. Always make sure that you have enough credit. For example, you should can ask yourself the following question: “if I were to lose 50% of my opening balance in 6 months will I still be able to afford to trade?” Only if the answer is yes should you start trading. One of the keys to successful trading is mental independence, which means your trading freedom must not be influenced by your fear of losing.

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Forex Basic Technical Indicators

· Market Facilitation Index (BW MFI)

· Money Flow Index – MFI

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· Commodity Channel Index (CCI)

· Standard Deviation (SD)

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