Forex Trading Guidelines, Links and Resources
Welcome to Forex Central, your guide to the world of online forex trading . The mission
of our website is provide novice traders with all the necessary resources
to become long-term financially successful traders in the Foreign Exchange Markets.
This can only be achieved when the trader adopts and accepts a fundamentally
sound 'Trading Plan'. The Forex Guidelines page includes trading basics that can help you create the foundations for your own
trading plan, which will in turn improve your trading. The traders success is
dependent on creating a solid trading plan, and maintaining the discipline to
TRADE THE PLAN!
When you will read etoro review you will understand what everyone is talking about.
As well as creating and adhering to a trading plan,
we also recommend your continued education and research so you can learn as much
as you can about Forex Trading.
The internet offers a huge choice of websites
featuring forex brokers, news, market reports, fundamental and technical
analysis, trading lessons, charting software, etc. The Forex Links page features what we believe are the best forex resources available and the Learn and Forex FAQ pages contain useful forex information that can help you get started. You may wish
to incorporate some of the knowledge you learn on these pages into your trading
strategy. Also, our free Charts page includes some of the best Forex charting software on the web. But before we
go any further, here is an important question which needs to be answered...
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What's the difference between a successful and unsuccessful trader?
The simple answer is that a successful trader will do what unsuccessful
trader can't and won't do. These include factors such as trading education, trading experience, understanding
of the markets, and understanding of their own emotions. But more important
than all of these combined is the fact that successful traders have a clear trading
plan or methodology that makes them different and allows them to do successful
things in the market that unsuccessful traders can't and won't do. Most of their success can be put down to discipline, control, patience, consistency
and timing, all of which can be incorporated into a successful trading plan.
Forex Central Guidelines which have been created using knowledge
gained from many years experience in the Forex markets can participate greatly
in helping you create a trading plan and become a successful trader.
Note: The recommendations from each guideline are written in bold green text.