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Beat the Odds in Forex Trading: How to Identify and Profit by Igor R. Toshchakov

By Igor R. Toshchakov

"Beat the chances in foreign money Trading presents investors with great worth through disseminating the buying and selling equipment and philosophy of 1 of the main striking currency luck tales on the grounds that Soros."
--Alexander De Khtyar, President, foreign money foreign Investments, Inc.

Add simple task and systematization into foreign currency trading with this useful method. writer and specialist Igor Toshchakov indicates how routine industry patterns--which could be famous on an easy bar chart--can be effectively used to exchange the foreign money industry. Written for investors at each point, this worthy source discusses the demanding situations of constructing a buying and selling process, whereas revealing the Toshchakov's method of the market--both from a philosophical and tactical standpoint. you will find particular buying and selling suggestions according to recognizable marketplace styles, get specific details on access and go out issues, revenue objectives, cease losses, possibility evaluate, and lots more and plenty more.

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Extra info for Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns

Sample text

It is always possible to find an appropriate basic explanation for any market shift after the event takes place. In the heat of the moment, however, the trader was influenced by stress, and that stress caused the error. This is proven by the fact that most novice traders show exceptionally good (and even phenomenal) results trading dummy accounts but can’t even come near those results when trading with real money. Being permanently under stress, a trader can often make insufficiently considered, impulsive, and, therefore, wrong decisions that result in losses or premature liquidation of profitable positions, that is, in lost profit.

These trading systems (though not dependable enough) require more time for analysis and decision making. Many such trading systems often generate false signals, so the statistical ratio is in favor of the failed trades. It is clear that such a system can be profitable only if the average profit per one trade surpasses the average loss. Then, traders can be successful, not because of the dependable and effective system generating true trading signals, but mainly because of their money management skills and technique.

However, these forums look like the principal dispute described in Gulliver’s Travels, where the Lilliputian governments quarreled about the right end on which to crack eggs. I consider these disputes useless, and I am sure that the positive result itself is much more important than the means that helped to attain it. Both the fundamental and technical approaches in their classical form have their own advantages and disadvantages, which are mainly avoided or offset in the offered trading method.

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