Trading foreign currencies is an enticing way to make money. In addition, you can get into the market whenever you want and for as long as you want because it is open 24 hours a day, seven days a week.

And there is a vast number of combinations you can bet on -- the U. However, forex trading is also an easy way to lose money, and traders must take care to reduce their risks. One way is to make just one trade a week. Many individual traders of forex, particularly novices, engage in short-term moves.

Traders will make rapid-fire moves generally when one or more technical indicators that plot market movement predict one currency will rise or fall against another. Not so, according to seasoned traders.

Short-term trading leaves you with a tiny amount of information to predict movement in a fast-changing, dynamic market. Losses could pile up quickly as you make frequent trades. This means following not just one technical indicator, but four or more indicators.

Not only are the chances of success higher, but the potential profit from the long-term shifts is much greater than the miniscule gain from typical short-term moves. Weekly trading puts a premium on discipline and patience.

Forex trading weekly strategy - gepahotalefi.web.fc2.com

You must be prepared to trade only when certain conditions are met, which means you might not trade for several weeks, said Fuller. Gene Linn started writing professionally in and has deep experience as a reporter. He has written for such publications as UPI, Bloomberg and the Equities.

He earned a Bachelor of Science in journalism and a Master of Arts in East Asian studies from the University of Kansas. Each week, Zack's e-newsletter will address topics such as retirement, savings, loans, mortgages, tax and investment strategies, and more. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

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Short-Term Trading Many individual traders of forex, particularly novices, engage in short-term moves. High Risks Not so, according to seasoned traders.

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Rules to Follow Weekly trading puts a premium on discipline and patience. References 3 BIS Triennial Central Bank Survey The One Trade per Week Forex Trading Strategy The One Trade a Week Forex Trading System.

About the Author Gene Linn started writing professionally in and has deep experience as a reporter. Recommended Articles What You Need to Know About Currency Trading How to Predict FOREX Market Trends How to Back-Test a Strategy in Forex How to Develop Forex Trading Skills. Related Articles When Are Dow Futures Posted Over the Weekend?

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