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      Test Announcement   06/28/17

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Dwayne Buzzell

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  1. The Forex is the biggest investment market in the world. When there are a lot of people trading in this market and making a lot of money, people are also losing their account and closing their dream of becoming a professional trader. This is an investment market and I is natural for Forex to have links with the economic news. Many traders do not know if they should focus their concern on the economic news of Forex or they should focus on the market news. It is important that you know here you to keep your focus if you want to make your profit in this market. Traders became confused and they take the wrong decisions. It is not your stock market where you can afford the mistakes and trade the market for profit the next time. If you have one wrong trades, it is sufficient to wipe out your account on the market. A lot of people lost their money as they do not know where to focus on the market, should they read the economic news or they should read the market news? This confusion is letting their trades went wrong and you can know which is important to you when you have read our article. This article will tell you the important news of your career. Some traders will often say that there is no difference in economic and Forex news. But the professional traders in the realtradercommunity.com always say that there is a huge difference between economic and Forex news. You might have heard that there are many news traders in the financial industry. They are the one who trades the Forex news in the market. But some economic news is often considered as Forex news. To be precise there is a slight difference between these two types of news. Only the experienced professional can point it out. News trading Those who are completely new in the financial industry should join the realtradercommunity.com network to get a valuable insight of the market movement. It’s not like that you will always have winners in the market. But if you can decipher the news data then you can easily measure the overall strength of the market trend. And if you fail to trade with the market trend then chances are very high that you will have to struggle hard to make profit consistently. Economic news is very important Many people only like to read the market news and they think they do not have to spend their time in the economic news. It is not their concern and they should not be bothered with what is happening in the investment world. This is a wrong idea that you have got in markets. If you want to make money, you have to understand that it is an investment market. There is money everywhere and if you have no idea where the money is going to be the next day, you will not have your magic profit in your account. You need read every economic news that is being traded in the investment world. You will find that this news is helping you take the right decision in your trades. This economic news mostly influences the prices of currency pairs in Forex. Forex news is also important You cannot drive a car by sitting at your home. You also need to know the market news. If you have heard any Forex news, you need to analyze that news with your economic knowledge and you will understand the future trends of the market. You can escape form many volatilities when you reading the Forex market and also know what is happening in the economic world. The verdict: Both of them are very important You cannot go further if your one leg is tied. You need both of your legs to walk and so does in your Forex career. You need to focus on the economic news and also on the market news. If you are not sure how to deal with the news then get involved with realtradercommunity.com to learn more about the market structure.
  2. Dwayne Buzzell

    I'm a forex trader with many experiences.
  3. When the novice traders enter the market, all they care about is the up and down of the market signal. It is true that the up and down movement of the Forex market is where the traders of the market make their money. But it does not randomly move. It follows some strict principles and the expert’s traders of the Forex markets have been trying to figure out when the market will move or it will remain steady. All the techniques and strategies, including the price action trading of Forex, are built on this basic principle. When you are using price action strategy, it is important that you read the market and place your trade based on higher time frame. The lower time frame will give you many patterns and the whole chart will become a zig-zag pattern of clothing to you. Why should you use higher timeframe? Every forex masters in the Forex market, trade on a higher time frame. It is true when you are trading on a higher time frame, the market may seem still to you. It will take, sometimes hours, to show a movement. Most of the novice traders fall for this trap of little time and choose their chart based on lower time frame. Here are some important points to consider, before you think you start your trading based on lower time frames. The lower timeframe is inaccurate: Lower timeframe provides the market movement to the traders in every single minute. As a result, the traders get only a partial view of the Forex market. If you want to increase your chance of Forex winning, you should trade on a higher timeframe. It is better and more accurate as it shows the integrated information of the price level in Forex market condition of specific times in the signal pattern. The Higher timeframe may consume sometime of yours, but at the end, it will give you a quality result with more trades winning in price action trading. Most of the novice traders in the forex market look for trading signal in their IB broker platform by using the smaller time frame. They simply think that the more they will trade the more money they will make. But when it comes to real life trading they realize that in order to make a profit they need to execute high-quality trades in the market. Even most of the false signals are generated in the lower time frame and for this very reason, the professional traders don’t use the smaller time frame in their IB broker platform. The lower timeframe is also messy: the more you try to divide your pies, the harder it will get to keep your plate tidy. If you trade on a lower timeframe, the chart can get really messy. There will be many bars, patterns, candlesticks and what not. You do not want your trading chart to get messy. Chart pattern trading is considered to be none of the most profitable trading strategies in the world. Most of the time the large market movements are seen in the market after the chart pattern formations. So if you are relatively in forex trading don’t look for chart pattern in the smaller time frame since they are not at all accurate. The expert forex traders always look for the most reliable chart pattern in their IB broker platform by using the higher time frame. Once they spot the reliable chart pattern in the market they wait for patience for the breakout and execute their trade in the market by using the price action candlestick pattern. Managing the risk Trading the financial instrument is considered to be one of the most complex tasks in the world. If you truly want to become a profitable trader in the forex market then make sure that you trade the live assets by following proper risk management factors. Most if the novice traders in the forex market fail to achieve success in the forex market since they don’t follow proper risk management factors. Being a novice trader it’s very obvious that you will have consecutive losing orders in the market but you need to keep your losing amount small. Conclusion: Always try to trade on a higher timeframe. Be patient and observe the market. Focus on quality than quantity on your Forex trades. It’s true that the early part of your trading career will be extremely difficult but you need to overcome all the challenges with strong determinations.
  4. 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.
  5. 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
  6. Dwayne Buzzel - Forex Trader

    My blog about forex.