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Old 08-26-2004, 10:36 PM   #9 (permalink)
Merlocke
 
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Location: Canada
One of the more popular strategies with the newbies in FX market is just simply hedging trades. Go both directions at the same time - when there's a clear trend - use your stop loss to bail out of the losing direction and take the windfall of the winner and ride.

So far, so good. This is a great system to trade because you don't have to know nearly as much - or do quite as much research into it to be somewhat successful. I'm not stating I'm a pro at it yet, but I mean - it's good money for a novice like myself in this industry.

I'm making more money helping people devise tax strategies in Canada, but in the meantime - this looks like a more solid long term skill.
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