Simple Ways To Improve Your Forex Trades

They must be tourists
forex

Image by Ed Yourdon
Let’s face it: New Yorkers don’t walk around the city wearing a t-shirt that proclaims how much they love where they live. Well, maybe one passionate individual might do so — but not a pink t-shirt, for goodness sake! And here we have two such people, marching along in their t-shirts, at the southwestern corner of Columbus Avenue and 72nd Street…

Thus, they must be tourists — and God bless ‘em, I hope they spent oodles of money to help keep our economy afloat…

Note: even though the girls, and this photo, have nothing at all to do with Times Square, the photo was published in a Jul 26, 2009 blog titled "Avoiding Times Square." I guess that’s called "artistic license" … In addition, a cropped version of the photo was published in an Aug 13, 2009 blog titled "Travel Gear Then and Now." And it was published as an illustration in a Sep 2009 Mahalo blog titled "Whatever It Takes T-Shirts," at www-dot-mahalo-dot-com-slash-whatever-it-takes-t-shirts. More recently, it was published in a Nov 13, 2009 blog titled "10 Ways To Spot An American Tourist," as well as a Nov 16, 2009 blog titled "Textildruck mit Städtenamen." And it was published in a Dec 15, 2009 blog titled "How To Shop On A Budget in New York."

Moving into 2010, the photo was published in a Jan 7, 2010 blog titled "Ventajas de no parecer un turista al momento de comprar." And it was published in a Feb 16, 2010 Travel Fitness blog with the same title as the caption that I used on this Flickr page. It was also published in a Mar 10, 2010 blog titled "Travel Packing List Part 2 – Clothing." And it was published in a Mar 29, 2010 Gadling blog titled "How not to be a traveling target." It was also published in an Apr 13, 2010 blog titled "Shopping tips for the budget traveler." It was also published in a June 2, 2010 Daily Forex News blog and a Jun 9, 2010 Forex Trading EA blog, and a Jul 7, 2010 "Latest ‘Forex News’ News blog", with the same title as the caption that I used on this Flickr page. And it was published in a Jun 22, 2010 blog titled "I ♥ NY T-Shirt." It was also published in an Aug 20, 2010 blog titled "17 things travelers need to know this month." And it was published in a Sep 24, 2010 blog titled "ニューヨークのお買物ガイド." It was also published in an Oct 13, 2010 blog titled "Come fare shopping a New York senza spendere un capitale." And it was published in an undated (mid-Nov 2010) blog titled "Forex News – Why Most Traders Use it in the Wrong Way and Lose!" It was also published in a Nov 19, 2010 blog titled "Q&A: Where can I find a foreign exchange?? And it was published in a Nov 24, 2010 blog titled "Forget Black Friday, Can 15 Fashion Addicts Give Up Shopping for a Year?" It was also published in a Dec 4, 2010 blog titled "Global Forex Trading – What is so Appealing About This Forex Opportunity?" And it was published in a Dec 6, 2010 blog titled "What is the best forex robot available and do you recommend?" and a Dec 8, 2010 blog titled Three Very Important Forex Trading Tips for Newbies," as well as a Dec 10, 2010 blog titled "Global Forex Trading – Lesser Known Facts That Can Lead To Your Personal Wealth." It was also published in an undated (mid-Dec 2010) blog titled "Comments on Forex Trading Account Sizes, Lots and Margin Calls."

Moving into 2011, the photo was published in a Jan 10, 2011 issue of The Huffington Post, in a blog titled "7 Countries With The Worst Dressed Tourists (PHOTOS)." It was also published in a Jan 22, 2011 blog titled "Which areas in the USA has most people trading Forex? I can’t find any info on this anywhere!?" It was also published in an undated (early Feb 2011) blog titled "Dreaming Big Pips With a Forex Robot." And it was published in an Apr 9, 2011 blog titled "Touristism NYC 2011." It was also published in a Sep 30, 2011 blog titled "The Brass Sitdown: How To Travel, With Staffer Jane," as well as a Sep 30, 2011 Girls Clothes Images blog, with the same caption and detailed notes that I had written on this Flickr page. It was also published in a Dec 6, 2011 Gawker blog titled "NYC Tourist Pro Tip: Don’t Let Anyone ‘Borrow’ Your Credit Card." And it was published in a Dec 25, 2011 blog titled "Celebrity fashion: Emmy’s best and worst dressed."

Moving into 2012, the photo was published in a Feb 28, 2012 blog titled "Am I at a healthy weight? How can I lose weight? Fitness tips?" It was also published in a Mar 22, 2012 blog titled "When Do You Really Become a New Yorker?" And to was published in a Jun 4, 2012 blog titled "Tourists Are to Thank for Manhattan’s Current Retail Boom." It was also published in an Aug 30, 2012 blog titled "Winning In The Forex Market Requires Excellent Knowledge." And for some mysterious reason, the photo was published in a Sep 12, 2012 blog with the bizarre title of "is there actually any bloody forex trading robots that work on the intercrap!!!?"

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This is part of an evolving photo-project, which will probably continue throughout the summer of 2008, and perhaps beyond: a random collection of "interesting" people in a broad stretch of the Upper West Side of Manhattan — between 72nd Street and 104th Street, especially along Broadway and Amsterdam Avenue.

I don’t like to intrude on people’s privacy, so I normally use a telephoto lens in order to photograph them while they’re still 50-100 feet away from me; but that means I have to continue focusing my attention on the people and activities half a block away, rather than on what’s right in front of me.

I’ve also learned that, in many cases, the opportunities for an interesting picture are very fleeting — literally a matter of a couple of seconds, before the person(s) in question move on, turn away, or stop doing whatever was interesting. So I’ve learned to keep the camera switched on (which contradicts my traditional urge to conserve battery power), and not worry so much about zooming in for a perfectly-framed picture … after all, once the digital image is uploaded to my computer, it’s pretty trivial to crop out the parts unrelated to the main subject.

For the most part, I’ve deliberately avoided photographing bums, drunks, drunks, and crazy people. There are a few of them around, and they would certainly create some dramatic pictures; but they generally don’t want to be photographed, and I don’t want to feel like I’m taking advantage of them. I’m still looking for opportunities to take some "sympathetic" pictures of such people, which might inspire others to reach out and help them. We’ll see how it goes …

The only other thing I’ve noticed, thus far, is that while there are lots of interesting people to photograph, there are far, far, *far* more people who are *not* so interesting. They’re probably fine people, and they might even be more interesting than the ones I’ve photographed … but there was just nothing memorable about them.

Business plans can be hard to formulate, especially in a recession. Launching a successful business takes a significant investment of time, money and work. Many people interested in business are trading foreign currencies, otherwise known as forex, to make a profit. Read on to find out more about how you can begin to profit with forex trading.

Don’t put any of your money into a real forex account before you are comfortable with a demo account. You should use this demo account for at least two months before you move on to real trades. Keep in mind that a mere tenth of newcomers maintain profitable success in the market. The 90% who don’t make money usually fail, because they don’t know what they are doing.

Consider what your goals are for your career in forex trading and just how long you plan to continue trading. If you want to make forex a long-term source of income, list any practices you hear about from other traders. Dedicate 21 days to learning each best practice in sequence. Making good trading practices into habits will keep you on a path to becoming an incredibly successful trader.

For instance, even though it might be tempting to change the stop loss points, doing that just before they’re triggered will result in bigger losses for you than if it had been left as is. Stay on plan to see the greatest level of success.

Once you’ve become comfortable with your current methods of trading, consider mixing it up and giving scalping methods a chance. In scalping, many trades are made in a small time frame.

The forex market does not have a central location. This protects the foreign currency markets from getting shut down or ruined by a natural disaster. If disaster strikes, it is okay to just lay low for a while. Major events can definitely affect the market, but the effects will probably be localized to specific currency pairs.

Forex trading is the way of trading foreign currency so you can make money. This is seen as a good way for someone to make extra money, while others can make a living do so. You need to learn everything you can before beginning forex trading.

Limit your losses on trades by making use of stop loss orders. Traders make the common mistake of clinging to losing trades in hopes the market will shift.

When starting out with Forex, you will have to decide what kind of trader you want to be, in terms of what time frame to select. Use hourly and quarter-hourly charts for exiting and increasing the speeds of your trades. Scalpers have learned to enter and exit in a matter of minutes.

Use online search engines to come up with a list of trustworthy brokers, as well as a list of those to avoid. Hit up Forex forums to learn which brokers are above-board and which ones are shady. All of these are great sources to help you find a broker that you can trust.

You should never make a trade under pressure and feeling emotional. Trades based on anything less than intelligence and intuition are reckless. You obviously won’t be able to eliminate your emotions if you’re human, but try to let them have as little bearing as possible on your decisions. Emotional trading is risky and, by definition, illogical.

Now, you need to understand that trading with Forex is going to require a lot of effort on your part. Just because you’re not selling something per se doesn’t mean you get an easy ride. Just remember to focus on the tips you’ve learned above, and apply them wherever necessary in order to succeed.

Category: Forex Trading