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Top 5 Successful Forex Trader Tricks

Despite all the numbers, charts and ratios involved, trading is actually more of an art than it is science. Like art, there is talent involved, but that will only take you so far. The top traders train their skills through practice. This article takes a look at the five steps a beginner can use to help perfect their craft in forex trading. Even those experienced at trading may even learn something new, to make more profitable trades. 1) Choose a methodology Before you enter any market, you’ll need to have some idea of how you will make your decisions before executing a trade. You need to know what information is required in order to make the best decision for yourself. It’s the fundamentals that will drive the trend in the long term, whilst chart patterns tend to offer trading opportunities in the shorter term. Whatever methodology you choose, you’ll need to be consistent. 2) Calculate your expectancy Check all of your previous trades that were winners against all your trades that were losers.  Next you should determine how profitable your winning trades were against how much your losing trades […]

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7 Tips for Buying Used Cars

Seeing as the process of buying and selling used cars is fairly straightforward, some people think they can enter this trade and get rich quick. But while opportunities exist to make a tidy profit, you will still need to know a few fundamental facts on where money is most commonly won and lost. With this in mind, here are 7 tips for first-time buyers wanting to invest in the second-hand car market. Understand your buyers Before you start looking for potential purchases, make sure you understand your buyers and want they will want from their car. A lot comes down to lifestyle, as families with a newborn baby will need room for a car seat, while high-earning executives require the ultimate in features and luxury. Choose the right type of car To some extent this will also depend on your target market, but other factors play a part too. For example, there is little to no point in trying to sell a convertible in a region of the country where it rains all the time. Beware of depreciation A steep […]

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