[TRADE]

trading forex or financial markets is very similar to trading anything else, buy it cheap and sell it expensive for a profit. given the sometimes violent swings in price movement for financial instruments like forex the trader needs to pay greater emphasis on risk and money management.

example - ipods may sell on ebay for $100, i know with a very high degree of certainty that if i could buy them for $75 elswhere, i could almost gaurantee a profit. the only factors which would determine how much if not at all the amount of profit I would make depends on the amount of time they are on the market for, apple reducing the rrp of them due to new products being released, greater supply etc or ebay raising their selling/listing fees.

with financial markets a trader must with a certain degree of accuracy determine himself what the intrinsic value and percieved value is at that given period of time based on what the asset has done historically. everything else is money and risk management. if you determine that a currency pair is cheaper than what it has sold for in the past, buying it should yield a profit, again given enough time and sufficient risk management...

everything else is BS in my opinion..as this is the only way i know how to do it.

regards to all