Forex trading is a very serious business which can earn you a lot of cash in a relatively short amount of time or drive you into insolvency. Now, there are a lot of self help books out there which claims to have the newest, most effective or even secret technique to aid you in Forex trading strategy.

1. Simplify Your Forex
Trading Strategies
http://www.FishingForexPips.com
By James Taylor
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

2. Forex trading is a very serious business which
can earn you a lot of cash in a relatively short
amount of time or drive you into insolvency.
Now, there are a lot of self help books out
there which claims to have the newest, most
effective or even secret technique to aid you in
Forex trading strategy.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

3. While some of them may actually help, most
experts will agree that when it comes to Forex
trading, it is always best to start with the
basics. With that in mind this article will
discuss Forex trading strategies in its simplest
but most effective forms.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

4. First, let us discuss Fundamental Analysis.
Basically this means a consumer/trader has to
put a value on a particular country vis a vis
their currency. This is a very tricky endeavor
but it is one that will definitely pay off in the
long run.
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5. Before even attempting to analyze a country’s
potential or value a consumer/trader has to
be very familiar with:
1) Purchasing Managers (PMI) Index
2) Non-Farm Payrolls
3) Durable Goods
4) Retail Sales
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6. Other factors may be relevant to fundamental
analysis on a case to case basis but in most
cases these four factors are relevant for most
valuations. A very important tip is to always
read the papers, watch the news, and be
present in trade conventions to get
commentaries,
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

7. quotes and alerts on inflation, interest rates,
unrest and other relevant information that
may affect a particular country. Remember,
out of all these meetings never miss
interviews and comments by individuals who
oversee a country’s reserves like the Federal
Reserve Chairman of the United States and
never miss meetings
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8. of the Federal Open Market Committee and
Humphrey Hawkins Hearings. Second, is
Technical Analysis. Basically this is a short
term approach to a country’s viability as an
investment via their currency. This type of
strategy analyses price trends thru the Forex
trading market.
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9. When talking about technical analysis it is
very important to be intimate with:
1) Fibonacci studies
2) Elliot waves
3) Pivot points
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10. Make no mistake all legitimate Forex traders
know both Fundamental Analysis and
Technical Analysis but most of them choose to
master only one approach. Now which
strategy to choose is best left to experience.
Trade and get to know Forex a little bit more
then you can select which
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

11. basic Forex trading strategy is best suited for
you. Just remember, it is only natural to make
mistakes and reads the market wrong, just
don’t do it too often and never repeat the
same mistake twice.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

12. FREE Forex Strategy To Make Hundreds Of Pips!
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http://www.FishingForexPips.com/
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