new forex trendy-million dollars advice for FOREX trading revealed.

If you work on your mistake immediately then it can really go a long way in maximizing your profits from FOREX exchange. If you are a well qualified and experienced good trader you can quickly understand the market by applying new forex trendy useful trading tips.

A good trader can very well analyze the market fluctuations dealing with market losses. So it is essential to understand trading strategies for an in-depth knowledge of the FOREX market. Now it is important to learn FOREX trading to really make a successful career out of currency trading.

Since you are ushering into an uncertain market please don’t start with flimsy overall knowledge. Please remember that FOREX trading is the best way to earn money in a quick way.  However it really needs some training and system to become successful in currency trading.

Who are successful traders?-

·       They understand their markets, forwards and backwards.

·       They understand themselves as traders

·       They are disciplined

·       They know what they are looking for in the markets for their trade

·         They have an edge.

This blog is a tutorial which is going to help in all ways and teach you everything about the currency market. This blog is designed with a number of guidelines along with various patterns and indicators which will surely help you to become successful in FOREX trading.

What is an “edge”?

• An edge is a set of circumstances that when present, will result in a given outcome with a better than average probability.
• These circumstances must be unique and well defined.
• These circumstances must be recognizable

So all you need to do is to listen what we are teaching and if you learn all the techniques and tricks from us it will be very easy for you to make money in the currency market. Now it is necessary for you to check whether you really have the time to learn as you have to spare your time to study everything.

Using the rules above as a guide, we might come up with the following:

• With any currency pair in the one hour chart, select a clearly seen swing from a support to a resistance level (or vice versa). 
• Using our Fib tool, draw a Fib from the support to the resistance level. Note the price level of the 138% extensions both up and down. 
• When price penetrates the support or the resistance that establishes the direction of the possible trade. 
• If price reaches the 138% extension in the direction of the penetration, consider this a ‘win’. If price reverses before reaching this level and instead, retraces all the way back to the opposite end of the swing, consider this a ‘loss’. 
• Once a win or loss has been recorded, locate the next support or resistance level just beyond the 138% extension and anchor the right end of the Fib there. Locate the left end to the preceding swing high or low

This blog is going to teach you the entire fundamental things which are needed so that you are able to know about the latest concepts. Now learning about foreign exchange currency will become easier for you as you will be able to understand various techniques used in the FOREX market.

Follow me through on this experiment.

1.    I started with the swing at the lower left of the Figure. 

2.    The 138% extension was reached as shown 

3.    I drew the next Fib from the resistance just above that first extension, anchoring it at the swing low support level behind it.

4.    That Fib reached its extension as shown. 

5.    The next Fib was drawn as shown. 

6.    That Fib reached its extension as shown. 

7.    The next Fib was drawn without changing the lower anchor from the last swing. 

8.    That Fib reached its extension as shown. 

9.    The next Fib was drawn as shown. 

10.  That Fib reached its extension as shown.

This blog contains instructions and guidelines which have been used to provide for making profit on currency trading. We are going to teach you how to identify quality FOREX charts along with fundamental analysis, technical analysis, and money management along with how to manage the risk factors and price bid.Now new forex trendy you will know about the history of the FOREX market and see the difference between currency market and other markets and if you want to know how then please click here.