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Forex-swing-trading---swing-trade-your-way-to-regular-profit
By kelly price
The rise of online forex trading means that anyone can swing trade for short term profits, Its not only profitable, its easy to learn, good fun and that's what trading should be. Forex Read more...

Introduction To Fundamental Analysis
By John Sanderson, Thu Dec 8th
FOREX traders almost always rely on analysis to make plan theirtrading strategies. There are two basic types of FOREX analysis– technical and fundamental. This article will look atfundamental Read more...

Are You Prepared For Currency Trading?
By Amelie Mag
Currency trading is the most popular way to earn to money and it is without doubt a very profitable market. However few are familiar with its unpleasant intricacies and most ignore a very important Read more...

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Forex-charts---4-deadly-mistakes-made-by-traders
By kelly price
Using technical analysis and forex charts is an excellent way to make money in forex trading. The problem is there are a number of myths that traders fall victim to and lose. The mistakes are easy to avoid and enclosed.

1. Trying To be to Complicated

Many traders see all the indicators that are available to them and think they have to use them, after all 10 indicators are better than 2 - Wrong.

The best forex trading systems are simple and this means they are more robust in the hard world of real trading with fewer elements to break, than a complicated trading system. Less really is more in forex technical analysis! All the best forex trading strategies used by successful traders are relatively simple and yours should be too.

2. Predicting Prices

If you try and predict forex prices your predictions will be as accurate as your horoscope and you will lose. Predicting is another word for hoping or guessing and that won't get you far in life or forex trading. What you need to do is to simply act on the reality of price change.

Sure you miss the exact change but you can't predict that anyway. Your aim is to make money not strive for perfection!

3. Scientific Methods

Leads on from the above and prices unfortunately don't move to a scientific theory. This is of course obvious because if they did, we would all know the price in advance and there would be no market.

A forex market moves because we don't and never will know what happens next. So forget prediction and forget science, they won't help you your trading the odds but if you trade them successfully you will make a lot of money.

4. Invalid

Rank Reports Profits Down Due to Investments in Marketing
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.online-casinos.com/news/news3110070.asp" style="font-size:1.2em">Rank Reports Profits Down Due to Investments in Marketing</a> <br> <span style="color:#888888;">Online-Casinos.com</span> - <span style="white-space:nowrap">1 hour ago </span> <div style="width:80%;">Despite a 10 percent rise in revenues in the first half of 2010, the UK land and gambling group Rank plc also reported this week a 23 percent decline in operating profit to GBP 2.3 million. (Great ...</div> </div>
British Pound Volatility Ahead on Bank of England Rate Decision
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2010/07/30/fwf_073010_gbp.html" style="font-size:1.2em">British Pound Volatility Ahead on Bank of England Rate Decision</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The British Pound may turn volatile in the week ahead as the Bank of England delivers the first rate decision based on an updated inflation outlook taking into account the government&#39;s austerity ...</div> </div>
British Pound Spiked Up Further Against Majors
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Id=1377403&SM=1" style="font-size:1.2em">British Pound Spiked Up Further Against Majors</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">(RTTNews) - The British currency spiked up further against major opponents during New York mid-day trading on Friday. The pound climbed to more than 3-week high against the euro and a multi-month ...</div> </div>
Euro slips back to $1.3015
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.13wham.com/business/story/Euro-slips-back-to-1-3015/ueFOlVd5Y0Ck2AXqtSbhmA.cspx" style="font-size:1.2em">Euro slips back to $1.3015</a> <br> <span style="color:#888888;">13WHAM-TV</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">In this photo illustration a Euro note and a GBP note are displayed on April 17, 2008 in London, England. (Peter Macdiarmid, Getty Images) BERLIN (AP) ? The euro is a little lower against the ...</div> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-gbp-technical-major-currencies-2010-07-30.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">Despite of the pair moving within a bullish direction, signs of 1.5630 remaining intact are clearly appearing, where the harmonic bearish pattern has taken an AB=CD formation that has been ...</div> </div>
Great British Pound vs. Japanese Yen (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-vs-japanese-yen-2010-07-30.htm" style="font-size:1.2em">Great British Pound vs. Japanese Yen (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The pair declined yesterday, but from a pure technical harmonic point of view, we can see on the daily chart a chance for resuming a suggested CD leg for AB=CD pattern. We have two technical ...</div> </div>
British Pound Pressing against Resistance Line
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-07-29-1627-British_Pound_Pressing_against_Resistance.html" style="font-size:1.2em">British Pound Pressing against Resistance Line</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce. The GBPUSD rally has exceeded ...</div> </div>
British Pound Turnaround May Be on the Horizon
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/gbp-usd/2010-07-29-1522-British_Pound_Turnaround_May_Be.html" style="font-size:1.2em">British Pound Turnaround May Be on the Horizon</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.76 as nearly 64% of traders are short. Yesterday, the ratio was at -1.74 as 63% of open positions were short. In detail ...</div> </div>
Forex spread betting: GBP in focus
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.spread-betting.me/spread-betting-forex-00402.html" style="font-size:1.2em">Forex spread betting: GBP in focus</a> <br> <span style="color:#888888;">Spread Betting for Me</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">A roundup of technical insight and views from the forex spread betting and forex trading industry. Those looking at spread betting the British Pound should note that the Pound has declined ...</div> <a href="http://www.economy-news.co.uk/exchange-rates-29201007-2.html">Exchange rates: British Pound in moderate declines</a> - <span style="color:#888888">Economy News</span><br> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-29)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100729/great-british-pound-gbp-technical-major-currencies-2010-07-29.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-29)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The pair continues the bullish trend within the bullish channel shown above, as the pair is closely nearing key resistance for the main ascending channel, accompanied by overbought signs through ...</div> </div>

Data

The biggest mistake novice traders make is to believe the myth of forex day trading and scalping.

Forex day traders never make money and never will - why?

Because the data is invalid and all volatility in short term time frames is random.

As volatility is random, you can't get the odds in your favour and you will lose. You need to trade longer term time frames where you can get the odds in your favour and this means long term trend following or swing trading.

The above are the 4 biggest mistakes traders make with forex charts and there easy to avoid.

If you want to learn trading the right way, then you need to understand forex charts can help you achieve trading success only if you use them in the correct manner. Simple odds based, trading system which trades the reality of price change is a simple yet powerful way of making big long term gains.

Article Source: http://www.upublish.info

About the Author:
kelly price
NEW! 2 X FREE ESSENTIAL TRADER PDFSFor free 2 x trading Pdf's with 90 of pages of essential info and more Forex education visit our website at: http://www.learncurrencytradingonline.com

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And again, thank you to those contributing daily to our best forex trading website.

Weekly Review and Outlook: USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury Yield, Euro Losing Momentum
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=119085:weekly-review-and-outlook-usdjpy-weakened-on-dimmer-recovery-outlook-and-falling-treasury-yield-euro-losing-momentum&catid=140:market-overview" style="font-size:1.2em">Weekly Review and Outlook: USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury Yield, Euro Losing Momentum</a> <br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">7 hours ago </span> <div style="width:80%;">Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 ...</div> </div>
Euro Rises for First Time in Eight Months as Sovereign-Debt Concern Eases
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.bloomberg.com/news/2010-07-31/euro-rises-for-first-time-in-eight-months-as-sovereign-debt-concern-eases.html" style="font-size:1.2em">Euro Rises for First Time in Eight Months as Sovereign-Debt Concern Eases</a> <br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">20 hours ago </span> <div style="width:80%;">By Catarina Saraiva - Sat Jul 31 04:00:37 UTC 2010 The euro rallied against the dollar for the first time in eight months as concern eased that the 16- nation region&#39;s sovereign-debt crisis will ...</div> <a href="http://www.businessweek.com/news/2010-07-31/euro-rises-for-first-time-in-eight-months-as-debt-concern-eases.html">Euro Rises for First Time in Eight Months as Debt Concern Eases</a> - <span style="color:#888888">BusinessWeek</span><br> </div>
Comprehensive FX and Futures Daily Commentary
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.fxstreet.com/technical/analysis-reports/technical-research/2010-07-30.html" style="font-size:1.2em">Comprehensive FX and Futures Daily Commentary</a> <br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">by FastBrokers Research Team The EUR/USD is consolidating above 1.30 as the EUR/GBP moves lower, indicating the Euro is exhibiting a relative weakness today. Weakness in the Euro currency comes as ...</div> </div>
Euro Approaches 11-week Peak in New York Trading
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyforex.com/news/2010/07/_5561_dailyforex-news_Euro_Approaches_11_week_Peak_in_New_York_Trading.aspx" style="font-size:1.2em">Euro Approaches 11-week Peak in New York Trading</a> <br> <span style="color:#888888;">DailyForex</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The common currency Euro rose versus the US Dollar in early morning trading in New York, striking the highest level in more than 2 months. As reported at 9:10 am (EST), the euro traded at $1.3077 ...</div> <a href="http://imarketnews.com/?q=node/17317">TheFXSpot: Euro, Other Currencies Push Higher Vs. the Dollar As US Yields Slip</a> - <span style="color:#888888">IMarketnews.com</span><br> <a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Weak_Outlook_for_US_Economy_Pressure_Dollar/224794">Weak Outlook for US Economy Pressure Dollar</a> - <span style="color:#888888">Forex Hound</span><br> </div>
Dollar Struggles Ahead of 2Q GDP ? Fed Maintains Dovish Outlook
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2010-07-29-1940-Dollar_Struggles_Ahead_of_2Q.html" style="font-size:1.2em">Dollar Struggles Ahead of 2Q GDP ? Fed Maintains Dovish Outlook</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">US Dollar weakness carried into the North American trade, with the EUR/USD breaking above 1.3100 for the first time since May, and the bearish sentiment surrounding the greenback may linger going ...</div> </div>
Analysts: Do We Fall, Stall or Push Higher in the Euro?
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://imarketnews.com/node/17252" style="font-size:1.2em">Analysts: Do We Fall, Stall or Push Higher in the Euro?</a> <br> <span style="color:#888888;">IMarketnews.com</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">By Vicki Schmelzer NEW YORK (MNI) - The euro posted a new 12-week high over $1.3100 Thursday, driven largely by ever-shifting views about the eurozone and US economies as well as likely month-end ...</div> <a href="http://uk.ibtimes.com/articles/20100729/euro-surges-above3100-on-upbeat-european-economic-data-jul-29.htm">Euro surges above $1.3100 on upbeat European economic data - Jul 29</a> - <span style="color:#888888">IBTimes</span><br> <a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Euro_Touches_13105_Weak_Equity_Markets_Trigger_Volatile_Trading_Session/224315">Euro Touches 1.3105; Weak Equity Markets Trigger Volatile Trading Session</a> - <span style="color:#888888">Forex Hound</span><br> </div>
Stocks Drop, Led By Technology Shares; Euro, Commodities Rise
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.bloomberg.com/news/2010-07-29/asian-stocks-drop-yen-gains-on-concern-pace-of-economic-growth-may-slow.html" style="font-size:1.2em">Stocks Drop, Led By Technology Shares; Euro, Commodities Rise</a> <br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">By Rita Nazareth and Kelly Bit - Thu Jul 29 20:20:10 UTC 2010 Technology shares were the biggest drag on the S&amp;P 500 after Akamai Technologies Inc. said profit margins shrank, while Nvidia Corp ...</div> </div>
Euro rises up $1.30
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailytimes.com.pk/default.asp?page=2010%5C07%5C29%5Cstory_29-7-2010_pg5_24" style="font-size:1.2em">Euro rises up $1.30</a> <br> <span style="color:#888888;">Daily Times</span> - <span style="white-space:nowrap">Jul 28, 2010 </span> <div style="width:80%;">LONDON: The euro rose against the dollar on Wednesday on renewed risk appetite following a rosier outlook for the European banking sector, dealers said. In late morning trading here, the shared ...</div> <a href="http://www.chinapost.com.tw/business/global-markets/2010/07/29/266592/Euro-rises.htm">Euro rises above US$1.30 on banking outlook</a> - <span style="color:#888888">China Post</span><br> </div>
Euro Mixed Against Majors
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=1371078" style="font-size:1.2em">Euro Mixed Against Majors</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 27, 2010 </span> <div style="width:80%;">(RTTNews) - The euro showed mixed trading against other major currencies in early European deals on Tuesday. While the euro soared to fresh multi-week highs against the yen and the franc, it eased ...</div> </div>
Euro Finds Pivot Point Against Dollar
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://blogs.forbes.com/greatspeculations/2010/07/27/euro-finds-pivot-point-against-dollar/" style="font-size:1.2em">Euro Finds Pivot Point Against Dollar</a> <br> <span style="color:#888888;">Forbes</span> - <span style="white-space:nowrap">Jul 27, 2010 </span> <div style="width:80%;">Dan Cook is the Senior Market Analyst for IG Markets, a leading Forex Trading company. EUR/USD ? As we approach the midway portion of the US trading day, the euro has been paring back some of its ...</div> <a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=119020:forex-technical-update-&catid=191:daily-forex-technicals">Forex Technical Update</a> - <span style="color:#888888">Action Forex</span><br> <a href="http://uk.ibtimes.com/articles/20100730/forex-market.htm">India Forex Advisors / Market Commentary / 30_July_2010</a> - <span style="color:#888888">IBTimes</span><br> <a href="http://www.spread-betting.me/forex-spread-betting-00394.html" style="color:#009900">Spread Betting for Me</a> - <a href="http://www.forexhound.com/article/Technicals/Daily_Reports/Market_Commentary_by_India_Forex/224538" style="color:#009900">Forex Hound</a> - <a href="http://www.commodityonline.com/futures-trading/currency/Major-currencies-market-commentary-4622-2.html" style="color:#009900">Commodity Online</a> </div>

This is the process where a trader simultaneously buy one currency and sell another.