Thursday, September 24, 2009

Marathon Vs A Sprint Get Rich Slowly In Forex

Forex is a market I am starting to trade a little more. It has it's advantages over the stock market, such as 24 hour trading, leverage and for accounts under 25k you can trade as many times as you want. Another thing I like about the FOREX market is, I don't take as strong of bullish or bearish stance as I do with SPX or other stocks.
So I don't lose my shirt while I get used to trading Forex I am using Market Club to help me along. They have some very good trading videos that I have been watching.

Did you miss this HUGE long-term move!!!  I know I did.



This video came out today, first it shows how effective Market Club's trade triangles are.

 But it made me think about how trading short-term moves can eliminate you from the overall trend. Traders mock buy and hold investors but had you bought followed Market Club's trade triangles on EUR/USD you would have bagged 6838 PIPS!

Think about SPX, how many people rode the whole way up from March.  How many were mooked out in July?  Sometimes it is important to remember trading can be a marathon sometimes then a sprint.