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Forex-trading-tip---3-tips-to-super-charge-your-profits
By Monica Hendrix
The forex trading tip enclosed is all about increasing your profitability and there logical, easy to apply and work. So here are your 3 trading tips, to increase the profitability of your forex trading strategy.
1. Learn The 80 - 20 Rule
It's a fact that in many areas of business work etc that 80% of your profits come from 20% of your efforts and it's also true in forex trading.
Most traders over trade and trade for the sake of trading, they think that if their not trading they will miss a move or the more they trade the better and this is not true. What you need to do is:
Cut you're trading dramatically and only focus on the high odds set ups. I know traders who trade less than once a month but earn triple digit profits. They know trading frequency has nothing to do with forex trading success and you should learn this to.
2. Don't Diversify
Diversification is seen as a way to cut risk - that's only true if you diversify into good high odds trades, but most traders think they should trade a spread of positions, take marginal trades but all that does is dilute profit potential.
Most forex trader's accounts are so small they simply can't diversify and have meaningful gains. No you need to concentrate on high odds trades and then use the next tip to milk them for all their worth.
3. Load up The Risk Reward
How many times do you read that you should only risk 2% per trade well for a small forex account of say $5,000 you wont make
The experts' view on the euro's future: it doesn't have one
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<a href="http://www.forexlive.com/blog/2012/02/04/the-experts-view-on-the-euros-future-it-doesnt-have-one/" style="font-size:1.2em">The experts' view on the euro's future: it doesn't have one</a>
<br> <span style="color:#888888;">ForexLive (blog)</span> - <span style="white-space:nowrap">18 hours ago </span>
<div style="width:80%;">By Gerry Davies || February 4, 2012 at 12:21 GMT I'm not buying into the EUR demise at all. Certain factors are being overlooked imho.</div>
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Euro Fails to Crack $1.32 ? Greek Tragedy Enters Final Act
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<a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2012/02/04/Euro_Fails_to_Crack_132_Greek_Tragedy_Enters_Final_Act.html" style="font-size:1.2em">Euro Fails to Crack $1.32 ? Greek Tragedy Enters Final Act</a>
<br> <span style="color:#888888;">DailyFX</span> - <span style="white-space:nowrap">Feb 4, 2012 </span>
<div style="width:80%;">By Christopher Vecchio, Currency Analyst This could be it. We've been saying that for months, as Euro-zone leaders play a dangerous game of chicken with Greek politicians and market participants, having brought us to the edge of imminent collapse ...</div>
<a href="http://www.forexpros.com/analysis/daily-report:-eur-usd,-gbp-usd,-usd-jpy-and-usd-chf-113017">Daily Report: EUR/USD, GBP/USD, USD/JPY and USD/CHF</a> - <span style="color:#888888">Forex Pros</span><br>
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Forex: EUR/USD erases intraday losses
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<a href="http://community.nasdaq.com/News/2012-02/forex-eurusd-erases-intraday-losses.aspx?storyid=118570" style="font-size:1.2em">Forex: EUR/USD erases intraday losses</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">FXstreet.com (Córdoba) - The Euro extended its recovery against the Dollar, erasing its intraday losses during the American afternoon, after Bloomberg reported the ECB is considering ways of using its bond holdings in Greece's next rescue program.</div>
<a href="http://www.actionforex.com/analysis/daily-forex-fundamentals/markets-await-payrolls-20120203158848/">Markets Await Payrolls</a> - <span style="color:#888888">Action Forex</span><br>
<a href="http://www.ibtimes.com/articles/292630/20120203/currencies-mixed-after-the-big-nfp.htm">Currencies Mixed After The Big NFP</a> - <span style="color:#888888">International Business Times</span><br>
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FX EUR/USD: Volatility's king, payrolls helps stocks but not Euro
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<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=a7d9b8c6-4ccd-403d-a8cd-1da2784b3a5f" style="font-size:1.2em">FX EUR/USD: Volatility's king, payrolls helps stocks but not Euro</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">The stellar NFP print has got markets yearning for risk assets again, US equities are up 1.15/1.30%, normally good for a "risk on" rally in EUR/USD and we had some of that but more pronounced was post- payrolls volatility.</div>
<a href="http://www.fundweb.co.uk/the-future-of-the-euro/1045432.article">The future of the euro</a> - <span style="color:#888888">Fundweb</span><br>
<a href="http://www.forexpros.com/news/forex-news/forex---eur-usd-swings-on-u.s.-jobs-data-229921">Forex - EUR/USD swings on U.S. jobs data</a> - <span style="color:#888888">Forex Pros</span><br>
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Currencies Hold Ground Ahead of Jobs Jamboree
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<a href="http://www.businessinsider.com/currencies-hold-ground-ahead-of-jobs-jamboree-2012-2" style="font-size:1.2em">Currencies Hold Ground Ahead of Jobs Jamboree</a>
<br> <span style="color:#888888;">Business Insider</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">This morning, the currencies look pretty much like they did yesterday when I left the office? There's still the Sword of Damocles hanging over the euro (EUR), in the form of Greek negotiations to obtain help from private lenders.</div>
<a href="http://www.fxstreet.com/technical/market-view/market-session-recaps/2012/02/02/02/">NY Session: Markets consolidate ahead of NFP</a> - <span style="color:#888888">FXstreet.com</span><br>
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U.S. Dollar Reversal Underway, Euro Eyes 23.6% Fib
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<a href="http://www.thestreet.com/story/11399873/1/us-dollar-reversal-underway-euro-eyes-236-fib.html" style="font-size:1.2em">U.S. Dollar Reversal Underway, Euro Eyes 23.6% Fib</a>
<br> <span style="color:#888888;">TheStreet.com</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">By DailyFX 02/03/12 - 09:25 AM EST By David Song, Currency Analyst The greenback extended the advance from the previous day, with the Dow Jones-FXCM US Dollar Index (Ticker: USDOLLAR ) advancing to a high of 9751, and the short-term reversal should ...</div>
<a href="http://www.forexnews.com/2012/02/u-s-dollar-reversal-underway-euro-eyes-23-6-fib/">US Dollar Reversal Underway, Euro Eyes 23.6% Fib</a> - <span style="color:#888888">Forex Market</span><br>
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Services PMI, Retail Sales Report May Boost Euro
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<a href="http://www.fxstreet.com/fundamental/analysis-reports/daily-trading-analysis-/2012-02-03.html" style="font-size:1.2em">Services PMI, Retail Sales Report May Boost Euro</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">by Marcio Pereira - Tradervox.com | View company's profile They say February has so far been the month of love for the euro, but yesterday we saw no ounce of love for the euro.</div>
<a href="http://www.economy-news.co.uk/pound-to-euro/1087-euro-exchange-rate-43543666">Euro exchange rate today: EUR rides higher as investors grow confident <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
<a href="http://www.nasdaq.com/article/euro-weakens-against-majors-eurozone-ppi-eyed-20120202-00131">Euro Weakens Against Majors; Eurozone PPI Eyed</a> - <span style="color:#888888">NASDAQ</span><br>
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Biofrontera AG:Ad hoc: Biofrontera AG - 500000 shares subscribed in capital <b>...</b>
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<a href="http://www.reuters.com/article/2012/02/03/idUS92759+03-Feb-2012+HUG20120203" style="font-size:1.2em">Biofrontera AG:Ad hoc: Biofrontera AG - 500000 shares subscribed in capital <b>...</b></a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">Biofrontera AG / / Ad hoc: Biofrontera AG - 500000 shares subscribed in capital increase . Processed and transmitted by Thomson Reuters ONE.</div>
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Dollars to Euros Exchange Rate ? GBP USD Hits A Level Ahead Of This <b>...</b>
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<a href="http://www.currencynews.co.uk/forecast/20120203-1367_pounds-to-dollars-exchange-rate-today-gbp-eur-aud-usd-chf.html" style="font-size:1.2em">Dollars to Euros Exchange Rate ? GBP USD Hits A Level Ahead Of This <b>...</b></a>
<br> <span style="color:#888888;">Currency News</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">The Pound Euro exchange rate (GBP EUR) is 1.2033. The Pound Dollar exchange rate (GBP USD) is 1.5826. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4778.</div>
<a href="http://www.euro-exchangerate.com/safe-haven-demand-drives-british-pound-02021343.html">British pound up vs EUR as safe-haven demand kicks in, close to 10 week high <b>...</b></a> - <span style="color:#888888">Euro Exchange Rate News</span><br>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1093-british-pound-gbp-up-against-us-dollar-usd-456456456">British Pound Sterling: Currency faces 'another slug of QE' of 75bn GBP should <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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EUR/USD Caught In 200 Pip Range This Week_
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<a href="http://www.ibtimes.com/articles/292310/20120203/eur-usd-caught-200-pip-range-week_.htm" style="font-size:1.2em">EUR/USD Caught In 200 Pip Range This Week_</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">On Thursday Euro/Dollar decreased with 110 pips. The European currency depreciated from 1.3197 to 1.3084 yesterday, not matching the positive Interbank sentiment projection at almost +18%, closing the day at 1.3143.</div>
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much doing that that's $100!
No you need to risk up to 20% on the high odds set ups - if you don't take a risk, you won't make big gains, its as simple as that.
You are not being rash, you are taking a calculated risk based upon the odds and like a good card player, you are going to load up your trade.
The tips above are simple and mean that you have to see forex trading for what it is a high risk - high return odds based game, where you need to be patient, to wait for the right trades and when you see them - hit them hard.
Think about the above simple forex tips and you will see they make total sense.
They will help you enhance your forex trading strategy and enjoy forex trading success. Article Source: http://www.upublish.info About the Author:
Monica Hendrix
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Forex Trading and Commodities ? Gold and Silver Prices Advance while USD was <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120202_forex_signals_futures_gold_silver.htm" style="font-size:1.2em">Forex Trading and Commodities ? Gold and Silver Prices Advance while USD was <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Feb 3, 2012 </span>
<div style="width:80%;">(Best Syndication News) Gold prices jumped again today as traders took advantage of the long-term policy signals from the Federal Reserve (see forex and futures charts below).</div>
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British Pound Sterling: Currency in 10-week high vs USD while falls vs EUR <b>...</b>
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<a href="http://www.euro-exchangerate.com/british-pound-high-vs-us-dollar-01021330.html" style="font-size:1.2em">British Pound Sterling: Currency in 10-week high vs USD while falls vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Feb 1, 2012 </span>
<div style="width:80%;">Also boosting the pound sterling is news that UK manufacturing kicked back into life in January. British Pound Sterling (GBP) in US Dollar (USD): GBPUSD is unchanged at 1.5757.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1093-british-pound-gbp-up-against-us-dollar-usd-456456456">British Pound Sterling: Currency faces 'another slug of QE' of 75bn GBP should <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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Gold Prices Climb as Silver Slips? USD Higher vs EUR but Lower vs JPY ? Brent <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120131_forex_trading_usd_eur_jpy_gold_silver_prices.htm" style="font-size:1.2em">Gold Prices Climb as Silver Slips? USD Higher vs EUR but Lower vs JPY ? Brent <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Feb 1, 2012 </span>
<div style="width:80%;">(Best Syndication News) Gold and silver prices moved in opposite directions Tuesday as traders looked for safe-havens (see forex and futures charts below).</div>
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Gold Prices Advance while Silver Slips ? USD down vs EUR and JPY ? WTI and <b>...</b>
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<a href="http://www.bestsyndication.com/?q=20120130_forex_signals_gold_silver_jpy_eur_usd.htm" style="font-size:1.2em">Gold Prices Advance while Silver Slips ? USD down vs EUR and JPY ? WTI and <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Jan 31, 2012 </span>
<div style="width:80%;">(Best Syndication News) The dollar fell broadly Monday while optimism in Greece turned to frustration (see forex and futures charts below).</div>
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British Pound Sterling: Currency finds GfK consumer confidence data of no use <b>...</b>
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<a href="http://www.euro-exchangerate.com/british-pound-to-euro-31011325.html" style="font-size:1.2em">British Pound Sterling: Currency finds GfK consumer confidence data of no use <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Jan 31, 2012 </span>
<div style="width:80%;">This morning the pound euro pair continues to be driven by events in the eurozone as domestic UK data fails to make an impact. British Pound Sterling (GBP) in US Dollar (USD): GBPUSD is 0.37% higher at 1.5770.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1078-quantitative-easing-in-february-3444354334-and-the-pound">British Pound Sterling: Currency fins support vs EUR and USD as Miles says QE <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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Gold and Silver Prices Advanced while Crude Oil Falls ? USD Falls vs EUR and <b>...</b>
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<a href="http://www.bestsyndication.com/?q=201201229_forex_signals_usd_jpy_eur_gold_silver.htm" style="font-size:1.2em">Gold and Silver Prices Advanced while Crude Oil Falls ? USD Falls vs EUR and <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">Jan 30, 2012 </span>
<div style="width:80%;">(Best Syndication News) Gold and silver prices were higher last week while light sweet crude oil and the dollar declined in value (see the futures and forex charts below).</div>
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British Pound Sterling: Currency to fall further against US Dollar says <b>...</b>
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<a href="http://www.euro-exchangerate.com/pound-dollar-exchange-rate-forecast-27011314.html" style="font-size:1.2em">British Pound Sterling: Currency to fall further against US Dollar says <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Jan 27, 2012 </span>
<div style="width:80%;">Once the euphoria is over we should also see the euro dollar exchange rate retreating once more. British Pound Sterling (GBP) in Euro (EUR): GBPEUR is 0.13% lower at 1.1958.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1072-british-pound-and-quantitative-easing-forecasts-3435435435">British Pound Sterling: Analysts speculate on Quantitative Easing - 25bn, 50bn <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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DFC Global Corp. Announces Record Fiscal Second Quarter Results
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<a href="http://www.marketwatch.com/story/dfc-global-corp-announces-record-fiscal-second-quarter-results-2012-01-26" style="font-size:1.2em">DFC Global Corp. Announces Record Fiscal Second Quarter Results</a>
<br> <span style="color:#888888;">MarketWatch (press release)</span> - <span style="white-space:nowrap">Jan 26, 2012 </span>
<div style="width:80%;">BERWYN, Pa., Jan 26, 2012 (BUSINESS WIRE) -- DFC Global Corp. /quotes/zigman/6411860/quotes/nls/dllr DLLR +2.55% , a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, ...</div>
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British Pound Sterling: GBP, USD and possibly EUR, face up to the prospects of <b>...</b>
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<a href="http://www.euro-exchangerate.com/deflation-and-exchange-rates-24011298.html" style="font-size:1.2em">British Pound Sterling: GBP, USD and possibly EUR, face up to the prospects of <b>...</b></a>
<br> <span style="color:#888888;">Euro Exchange Rate News</span> - <span style="white-space:nowrap">Jan 24, 2012 </span>
<div style="width:80%;">Foreign exchange analysts and exchange rate forecasters face the problem of understanding the impact deflationary risks will have on currency markets.</div>
<a href="http://www.economy-news.co.uk/british-pound-sterling/1068-british-pound-vs-usd-and-eur-34345454">British Pound Sterling: Currency in sharp drop vs EUR, but registers welcome <b>...</b></a> - <span style="color:#888888">Economy News</span><br>
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Currency Futures: Forex Speculators bets for US Dollar edge higher. Euro <b>...</b>
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<a href="http://countingpips.com/fx/2012/01/23/currency-futures-forex-speculators-bets-for-us-dollar-edge-higher-euro-pound-sterling-dip/" style="font-size:1.2em">Currency Futures: Forex Speculators bets for US Dollar edge higher. Euro <b>...</b></a>
<br> <span style="color:#888888;">CountingPips (blog)</span> - <span style="white-space:nowrap">Jan 23, 2012 </span>
<div style="width:80%;">By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators continued to increase their Euro and British pound sterling short bets for ...</div>
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An abbreviation of foreign exchange
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