FOREX education to build a free trade system

FOREX education to build a free trade system for large profits Part 2

We have already introduced the concept of Forex education and what to look for in Part 1 of this article.

Here we are going to show you how to educate for free and build your own trading system to build profits.

Let's look at the basic concepts of Forex education and how they relate to the construction method for free.

Let's start with the basics of a good trading system.

1st The big profits come from long-term trends

As mentioned in our previous article on forex education, one of the most important myths is that day traders make money - no.

Most are slaughtered.

To make money trading, it is obvious that currency trends reflect the general health of the economy and major trends can last for months or years.

So, what is the best way to make money trading?

You guessed it - focus on longer term trends, not short-term noise.

2nd Defining the long term trend

The hard bit in forex trading is a definition and staying with long-term trend and not getting stopped by the market noise.

3rd Way

The method is going to look at is simple to understand and simple to apply and includes:

Using simple trend lines and other visual tools to determine the direction of the market and points of support and resistance.

Note: You can see the long term trend by using daily charts must be used weekly charts, as they give the big picture.

It amazes me that a lot of Forex education focuses on short periods of data when currency trends last for months or years.

You can see the big picture, and that means using the weekly chart.

Next is the difficult bit.

Entering trades

To enter the trades should have a market timing tool and the best by far is stochastic indicator.

It is the end point indicator when used with significant support and resistance and we also like the Bollinger band as an additional filter.

4th Money Management

Most traders are not wrong about market direction, this is a myth.

The problem most traders forex education is there is not good in terms of money management.

You should be able to enter at the right time, proper exit and stay with the trend and this is the hardest part of trading.

Most traders simply have no understanding of money management.

Our system will show you how to handle risk and your long-term trend.

5th Discipline

This is always talking when you read all the forex education but quite simple.

If you have a system that is simple to understand and have confidence in him to follow you through the bad times.

Most traders simply blindly follow the guru and give up as they lose confidence.

Keep in mind, if you do not have the discipline to follow your method you have no method at all and are guaranteed to lose

6th What's your edge?

This is a question whether a merchant should ask.

What do you think will be the winners in the minority?

If you do not know your advantage - do not have one!

System for long term gain

So things are not what our system have?

It is intended for long-term trend trades often have money management risk control, but most importantly will be short-term capital turns down to maintain a large long-term trends.

You decide for yourself by reading Part 4 of this forex education series, which will show you where to find information on the network commerce system for profit