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The Millionaire Traders Mindset

forex-traders-mindset.jpgForex trading is easy to say but hard to do, yet 95% of traders lose money. The reason for this is that forex trading is more about mindset than method. It’s the mindset of the millionaire traders that sets them apart from the losing majority. First look at how to get the right mindset for currency trading success.

If you think you can follow someone else system and be successful then you are wrong. Success comes from within and to be successful you need to accept responsibility for your destiny. You need to have a desire to succeed and a willingness to work smart and hard to get the knowledge you need.

Daily Forex Signal 26 OCT 2009 released 00.09 GMT

d20p-26-oct-09.gif

 

D20P SELL B GBP/USD 1.6391

take profit 1.6371

stoploss 1.6421

DAILY20PIP.COM ADVICE : BEARISH MARKET AHEAD

SIGNAL VALID FROM 6.00 GMT - 18.00 GMT

RESULT WIN

The Hoping and Guessing Effect

forex-crystalball.jpgThe newbie traders think the core of a forex trading strategy should be predicting where forex prices will go. Try it and you will lose, you will win if you trade in a different way so why is prediction not the way to make money?

If you are predicting you are in effect hoping and guessing and this is not the right way to make money in any way. You cannot predict the future and if you try, your predictions will be as accurate as your magic crystal ball.

Daily Forex Signal 23 OCT 2009 released 00.09 GMT

fxdd-23-okt-09.jpg

 

D20P BUY B GBP/USD 1.6623

take profit 1.6643

stoploss 1.6593

DAILY20PIP.COM ADVICE : BULLISH MARKET AHEAD

SIGNAL VALID FROM 6.00 GMT - 18.00 GMT

system option : add spread on buy order

RESULT WIN

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