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After you have decided that you will start to trade forex, you have to take in consideration some facts that will help you become a good trader. You will be able to build your own successful trading strategy.

If you’re profit target is less than 10 points don’t do the trade; the spread you pay to enter the trade makes the odds way against you when you go for these tiny profits.

Look for trades in the direction the price is going and your results will improve.

The most successful traders I know use the KISS system, “KEEP IT SIMPLE STUPID”. They keep it simple and don’t look beyond the obvious; their results are the best.

Most of the big moves occur around news time. The volume is high and the moves are real; there is no better time to trade fundamentally or technically than when news is released; this is when the real money adjusts their positions and as a result the prices changes reflect serious currency.

Other important information you can find on this blog: Swing Currency Forex Trading