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Dwayne Buzzell

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  1. There is a well-known proverb in the forex market that the trend is your friend in the market. If you look at the professional traders then you will notice that every single one of them is executing their trades in favor of the long-term prevailing trend. Unlike the professional traders, the novice traders in the financial industry tend to trade the trend reversal in the market. They simply trade the market based on their emotions and thus lost a huge amount of money in their online trading account. If you look at the success rate in the forex trading industry then you will be surprised to see that most of the traders in the financial market are losing money due to lack of trading discipline and knowledge. In this article, we will discuss the key advantage of trading the trend in the market. Reduce the risk exposure: Most of the novice traders in the forex market consider trading as a simple task. They simply think that they can make a huge amount of money in their online trading account by executing random trades in the market. But in order to make a profit in the financial market, you need to execute high-quality trades in favor of the long-term trend in the market. Most of the time the market movements occurs in favor of the direction of the trend so if you trade along with the trend than chances are very high that you will execute profitable trades in the market. It’s true that if you are relatively new in forex trading then it will be a little bit difficult for you to understand the market basics but over the period of time, you can easily trade the trend in the market. Huge profit factors: If you look at the professional traders in the financial market then you will notice that all of them book huge profit in their online trading account from a single trade. Unlike the novice traders in the financial market, they don’t trade against the long-term existing trend. Every single expert in the financial market find the long term existing trend in the market and try to ride the trend in the market to maximize their profit factors in the financial market. Though this system is extremely reliable and profitable make sure that you are not risking more that 2 percent of account capital in single trade. Eradicate false signals: The forex market is an extremely volatile market and very often the traders incur heavy losses in the market due to the false signals created in the market. The experienced traders in the financial market know very well that the market exhibit lots of false trading signals and for this very reason they always trade in favor of the trend. However, there is no guarantee that you execute 100 percent profitable trade in the market. As full-time traders, it’s very obvious that you will often have some losing trades in the market so make sure that you accept the losing trades in the market. Summary: Trading is one of the most complicated business in the world and if you look at the professional traders in the trading community then you will notice that every single one of them is executing high-quality trades in the market in favor of the long-term trend. Unlike the professional trader, the novice traders tend to trade the reversal in the market and thus face huge losses. So make sure that you always trade in favor of the long-term trend to reduce the risk exposure in trading.
  2. Though forex market is bigger than a stock market, and you have probably seen your neighbor making money in stock market exchange, the thing is not easy when you step into the Forex industry. You will find that there are millions of buyers and sellers in the market, each one more experienced than you. Unlike the stock market, if you are living in the USA and you are trading GBPUSD, any economic activity might have an impact on your currency pair trading. You need to be alert to what is going on around the world. To be precise you need to keep yourself updated with a latest market news release. Approximate time period: If you have still the passion for making money in forex, it is the obvious question that will come in your mind that how much time and dedication is needed before you can start making money online? Well, the answer is not very easy and it depends on. If you try to invest in forex without trying in a demo account, it will take you years and you might lose your core capital in the process. But trading in a demo account does not give you guarantee that you can earn money through forex. However, if you have a strong passion in the forex market than you demo trading can provide you an excellent trading environment to you. Reputed brokers: If you look at all the famous and reputed brokers of forex, you will see that they have many years of experience. For example, a broker who has won an award for best interpreting signal and making consistent profit in the forex industry, he will have 10 to 12 years of experience. Considering the vast market of Forex, it is very natural that a great time needed to earn great money. Just like the reputed brokers you need to spend quality times in the market to make sure that you are making consistent profit in the forex easy market. Develop a solid trading strategy: If you truly want to become a full-time professional trader then you need to have a solid trading strategy. If you look at the professional trader then you will see that every single one of them have a very good trading strategy in the market. But instead of learning other people trading strategy it’s better to develop your own trading strategy in the market. Every single person in the world has a different personality and you need to develop your own trading strategy based on your personality and depth of knowledge. Summary: Forex trading is a long-term process. You cannot expect to earn money overnight but the opposite is very possible. You will lose some money at the first and start earning money by the second trade, but consistently profiting in forex is the success of making real money. If you really want to earn money in forex, dedicate some valuable years with patience to earn money through forex trading
  3. Dwayne Buzzel - Forex Trader

    My blog about forex.