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Current information on Forex Day Trading and how to make money

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Location: Safety Harbor, Florida, United States

I enjoy golf as well as taking classes on subjects that interest me. My wife and I have two children.

Sunday, April 20, 2008

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Thoughts On Forex

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Any broad-based economic conditions can cause a sudden and dramatic currency price swing if such conditions are seen to be changing. This is a key concept because what drives the currency market in many cases is the anticipation of an economic condition rather than the condition itself.

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A Forex trading system is a method of trading that uses objective entry and exit criteria based on parameters that have been validated by historical testing on quantifiable data. Although there is no hard and fast rule for design a Forex trading system, different experts have different opinions; however, the essence remains the same. In general, the Forex trading system provides the discipline to overcome the fear and greed that in many cases paralyzes a trader, and prevents him or her from making timely decisions. Each order placed is governed by a pre-determined set of rules that does not deviate based on anything other than market action.

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A WORD FOR NEW TRADERS
Traders that try to pick the tops and bottoms of the market throughout the day end up with mostly misery because inexperienced fellows in Forex departments even in first division clubs try to pick the tops and bottoms believing that is where the real big money is. And ego demonstration and bonus consideration comes into play too for smart college graduates. The first thing I do when facing new recruits is, do my best to destroy their ego and fear in the market first. Once their ego and fear are reasonably cured, they become dutiful followers of the market like Pavolv?s hounds and they can survive. And once they can survive, they can be taught on how to put temporary tops and bottoms to the market at much higher level of speculation school. Then, that may take at least a decade of training too.
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Some Forex made Easy Stories

Embattled Soc Gen CEO steps down

Thu, 17 Apr 2008 16:44:56 EDT
Daniel Bouton will step down as chief executive of Société Générale in May, although he'll stay on as chairman, the French bank announced Thursday. Bouton, 58, is taking the fall for the bank's failings in the rogue trading affair involving Jérôme Kerviel, a junior stock arbitrager who ultimately cost the bank $7.5 billion in net losses.




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In any Forex training program, it is recommended that don't invest in any market, the stock market, futures, mutual funds, bonds or the foreign currency exchange, until you first invest in yourself. There are many types of Forex training and education for trading techniques and methodologies. These are almost for anyone to everyone (for the novices and experienced traders), helping them obtain the skills, knowledge and abilities to successfully trade in the foreign currency echange.
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As it is evident from some of the above-mentioned points and features of Forex day trading, it is one of the most lucrative and promising business segments. Once you become more familiar with the forex market you may notice that other Forex firms promote the same features and quite often the same cookie-cutter trading platform. But that doesn�t mean that there aren�t professionally managed forex brokers and agents. They have almost all the standard features as 24-Hour online currency trading, 100-to-1 leverage, commission-free trading and regulated FCM status, they feel honored that their superior currency trading platform and value-added services are what raises the bar for traders who want more features and functionality in the forex market.
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The Commodity Futures Modernization Act of 2000 (CFMA) made clear that the CFTC has jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. The CFTC also has jurisdiction to investigate and prosecute foreign currency fraud occuring in its registered firms and their affiliates. The CFTC issued an advisory in 2001 that discussed these CFMA amendments to the Commodity Exchange Act (CEA), 7 USC 1, et seq.
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Fri, 09 Nov 2007 06:26:21 GMT
AUD Average YTD: .

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