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Sunday, April 5, 2009

How to become super profitable Forex Swing Trading

By Jim G Nielle

The name of the game is statistics, and the first rule is that you must be aware there is no such thing as a sure thing in the Forex market.

There will always be some uncertainty as to where the next move will go, interpreting Forex market moves from the charts will put you in front of most traders who just use a gut feel for market direction.

Forex swing trading can be likened to gambling. However, by keeping track of what happened in the past, statistically you will have a much better view of what is about to happen next and so you can place your bets, or trades, with greater confidence.

Forex market swings frequently run the same distance and length of time as before, so being aware of what happened before will give you the predictive tools to know what will happen next.

You simply learn the swing trading pattern and follow it to the end, reaping the financial rewards.

Swing Trading and Charts

Forex swing trading is extremley profitable for investment companies and funds, the more they know about the market, the more they make. But wait, don't worry! The information is easily found, much of it free, so you can use the same information sources as the professionals.

So, you can source this same information as these top dogs. Chartists use Candle charts and Bar charts in their market analysis. These charts show how the trend is unfolding, where it has been and where it is going to next over time frames from minutes to weeks and months.

Deciding the direction of the next move is done by identifying the trend movement. Forex swings tend to continue and often change in the rgion of previous major changes, therefore predicting the next move.

Forex Swing trading and becoming profitable fast, please refer to my forex trading software at: www.Forex-Swing-Trading.com - 23212

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