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Building Wealth

There is no better way to build wealth than learning currency exchange the right way and if you do, the potential you have is huge to build long term wealth.

Forex trading is the world’s biggest business and the most exciting. For those traders prepared to work smart, who have desire and a cool head, it can be a route to financial freedom.

Sure it’s a challenge, but the question is are you up for the challenge?

If so welcome to the world of forex trading

Your Mindset the Key to Profits

Learning currency exchange is easy and every trader is capable of becoming a successful trader but they either fail to learn the correct forex education, or find they cannot apply what they learned with discipline.

If you have a method you need to apply it with rigid discipline or you don’t have a forex trading system at all!

Discipline comes from understanding and confidence in what you are doing.

Only if you have these traits, can you apply a method with discipline – if you don’t fully understand this point you will lose.

Currency trading success rests on your shoulders and you can’t blame anyone else if you fail, so you need to take responsibility and do your homework.

If you learn foreign currency exchange, you don’t just need to learn a method to succeed you need to learn the correct mindset to apply it.

Using Technical Analysis Correctly

The simplest and most time effective way to learn currency trading exchange and predict market movement is to use technical analysis
.
This will allow you to take into account the forex fundamentals and investor psychology and see and act on the price as it is – no predicting, hoping or guessing, you act on the reality of price changes.

There are many ways of using technical analysis and forex charts.

Using them is very much an art and not a science. You can’t be right all the time and you cant predict prices in advance but you can trade the odds and if you do this correctly, you can make a lot of money.

You need to keep in mind that currency trading is an odds game – NOT A game of certainties.

You should use a long term trend following or a shorter term swing trading system as the basis of your forex trading strategy and avoid day trading at all costs.

Forex day trading, is simply a way to lose you cannot get the odds in your favor and therefore cannot win. It’s a good story - but stories don’t make money – steer clear of it.

The final point to keep in mind when using technical analysis is:

Always keep your currency trading system simple.

Simple systems are easier to understand, easier to apply and more robust than complicated ones, in the face of ever changing brutal market conditions.

Learning Currency Exchange for Profit Basics

Here are some basic points to keep in mind.

We have explored each point in greater detail in other section of the site – but here we will review the most important points.

Let’s get started and look at the basics of learning currency exchange for profit.

Work Smart NOT Hard
The first point to keep in mind is you don’t need to have a college education and you don’t need to be smart or clever to learn currency exchange and win.

You don’t get paid for being clever in forex trading you get paid for being right, so you need to work smart rather than hard.

There is a famous example when legendary trader Richard Dennis, taught a group of traders who had never traded before to trade in just 14 days.

The result?

They went onto make $100 million for him!

All he did was teach them the right forex education and that’s what you need to do too.

Basics for Making Profits

If you want to learn currency exchange the aim is simple:
As one currency rises another must be falling and your aim is to work out which are strong currencies and buy them, against weaker currencies. If you can learn to do this, you can make huge profits.

Learning currency exchange methods that can make you profits is relatively simple.
You need to learn the right knowledge, avoid common myths and trade with discipline.

While on the surface of it currency exchange looks relatively simple, few people master it and make money. The facts are that 95% of traders who try to learn currency exchange and make a profit – fail.

The first thing you need to familiarize yourself with is how prices move and this is something most traders don’t ever learn. If you do, you already have a head start on your way to making profits.

Top 5 Currency Trading Companies

Pro Finance Group
We obtained and invested funds in the best professionals of trading industry. I pledge my word that every client will get efficient and reliable service from our experienced team of technical specialists, brokers, experts and managers. We want your flight to the prosperity to become flight with Pro Finance Group Inc.! Our trading platform is one of the best of that kind. It affords an opportunity of making online trades and direct communication ensures that you will instantly get the execution price and order confirmation. I usually use our program for trading currencies and CFDs at short and long terms. It is efficient, surely and easy. All you have to know to trade is market direction; everything else is available in the trading platform PFG FX Trader: your current account state, margin rates, quotations, opened and closed positions etc. Your account will be opened online in 10 minutes!

Gain Capital Group
With over 100 years of capital markets experience, the executive management of GAIN Capital Group offers expertise in both forex trading and internet technologies and proven track records managing large, global trading operations. This depth of experience, along with a demonstrated ability to successfully manage a 24x6 business with solid risk management and operating procedures, instills in our clients a high level of trust and confidence.

Global Forex Trading
Over the last three decades the foreign exchange market has become the world's largest financial market, with over US$2 trillion traded daily. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. The Interbank market literally follows the sun around the world, moving from major banking centers of the United States to Australia, New Zealand to the Far East, to Europe then back to the United States.

Western Capital Forex
The Company was established in Geneva (Switzerland) in February 1990 as an investment advisor and financial markets analyst. Over the years the Company gained experience in market analysis as well as in managing funds for its own account and for various international clients. In order to better service its clients Western Capital Forex S.A. is using the latest techniques and works with one of the best trading system on the market today. A multilingual support service is operating 24 hours a day and is trained to assist the clients in every question relating to the use of the system.

Saxo Bank
Thousands of online traders look to Saxo Bank for online trading of Foreign Exchange (FX), Stocks, Stocks on Margin (CFDs), Futures and fixed income products. As a fully licensed and regulated European bank, Saxo Bank is a world leader in multi-product online trading and we support a truly global client base of retail clients, corporations and financial institutions.