Saturday 16 April 2016

Learn and Earn in the Forex Markets




Trading Fx Effectively


In a nutshell it all really boils down to the following three principles:

1. Discipline

2. Discipline

3. Discipline.

As an avid reader of history I would like to digress and point out to a famous battle in ancient history which involved two Roman legions comprising 10,000 men and a huge and belligerent enemy said to have numbered more than 200,000 British tribesmen in 60/61 AD. You can read here:

  https://en.wikipedia.org/wiki/Battle_of_Watling_Street


Under the command of Governor Paulinus with a little over 10,000 legionaries and auxiliary troops of the Roman 14th and 20th legions, the Romans faced the warring Britons with ruthless organizational skill. Choosing an angular narrow terrain and compacting his forces into a huge wall, Briton after Briton hurled themselves forward only to find out that in close quarter they could not raise their long swords without facing the upward thrust of the short Roman legionnaire sword 'gladius'. 

A career Roman soldier signed up for an arduous 25 years service where he was trained day after day to fight in his unit in a manner of organized efficiency. The result  of this ruthless training was the creation of a Roman Empire in the 1st century A.D. as a determined and organized machine rolled across the terrain of Europe, Asia Minor and North Africa.

Similarly, for a trader to trade successfully he or she must become disciplined above all else. Then only can a trader compete in the forex markets and use the charts to understand how forex prices move and when a window of opportunity opens to make a trade. Discipline, discipline, discipline is all that is required.

Anyone can become disciplined and acquire a set of skills to learn how to trade quickly and effectively. Anyone can learn to recognize chart patterns that form repetitive windows for a trade.

Al it really requires is total and complete discipline and a trader can learn to make consistent profits.



Earn Learn Forex Now



Pieter Bergli - Trader X16

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Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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