To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with your own money is your own responsibility. Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money.
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How to Be Consistently Profitable in The Forex Trading
The possibilities in Forex are virtually unlimited. Through study, hard work, and perseverance, many people have made significant sums through the foreign exchange market. During the learning process, new traders can greatly benefit from guidance provided by seasoned traders. This article teaches some of the ins and outs of foreign exchange trading through the useful tips below.
Futures Trading Explained
Futures trading is the act of trading futures contracts which allows certain stocks, commodities and assets to be traded at a predetermined future price. For example, a farmer may short a futures contract on 6000 bushels of hay at the price of $5.00 a bushel to a buyer of livestock feed. By doing so, the farmer has guaranteed himself the price of $5.00 per bushel for his hay when harvest time comes.
Gann Trading Technique and the Forex Market
Just like in any other market, traders who make use of the Gann Trading Technique also have to apply the price patterns as well as the price action in relation to the time factor when they trade in the Forex market. What traders have to determine is the point where the three factors are considered to be in a perfect balance.
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