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Three Ways to use the Martingale Strategy Profitably.

Greetings! All my regular readers know that I consider that using the Martingale strategy to be unprofitable. I thought about it for a while and came up with a thought that there are some possible variants that might guarantee income. Of course, I still think that if you use a mediocre advisor for your account and rely on it, you won’t work out anything. That’s why you have to be creative!

It is very important to know what a Martingale strategy is. I wrote about it in thisarticle. I showed a few examples that proved why this method is inefficient and brings losses from a long-term perspective. More: http://like-to-trade.com/martingale-strategy/

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Proof of the Unprofitability of a Martingale’s principle.

Greetings, dear readers! Today, we will have a very interesting article, especially for beginning traders. The temptation of using the Martingale’s principle in trading is very high for them. It is because they lack experience. I will show you the proof of this methods’ unprofitability from a long-term perspective. It somebody wants to argue with it – go ahead!

Martingale.

It is important to define what a Martingale strategy is because not all readers are aware of it. That’s why I want to let them know so they don’t make mistakes in future! The Martingale’s principle was created for gambling ( before it came to trading) and is named after its inventor – Martingale (other versions exist as well). More: http://like-to-trade.com/martingales-principle/

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Do You Want to Achieve Success on Forex? It is not easy!

Greetings to all readers! Did you ever think that some people get everything they want easily while others can’t even get butter for their bread? Of course, you can blame circumstances, the lack of possibilities, an unfriendly environment or the surrounding people. However, it seems to me that none of these things are the cause of your problems. Let me explain it with my personal example.

Of course, it is not about people who do nothing. In order to achieve something, you have to constantly move! This article is all about the methods and ways ofachieving success in Forex. Why do some people spend their whole day near the computer screen testing strategies, paying maximum attention to trading and in the end still get no results? This can go on for years! By contrast, other people earn large profits while spending 2 hours a day after their regular job. More: http://like-to-trade.com/success-on-forex/

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Why do Long-Term Forex Trading Systems Work Better?

Greetings! What kind of trading system is the best option for working on Forex and why? What kind of system is harder to manage: long-term, in-day or a scalping one? I will answer these and many other questions below.

It is all about charges which are often underestimated. Spread, swop, commissions and slippages can easily turn a profitable trading system into an unprofitable one. How? Let’s consider some examples. More: http://like-to-trade.com/long-term-forex-trading-systems/

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How do you Create a Mechanical Trading System?

Greetings to everyone! Today, I will show you how to come up with a mechanical trading system. I will show you the sequence of actions that I have used for all of my strategies. I am sure that everyone can think of something unique when he has a strong desire to do this.

I want to assure those traders who didn’t try thinking of profitable strategies that this is easy. You just have to try and you will work everything out. Of course, you will have to put effort into it. However, this is the way that everything works. More: http://like-to-trade.com/mechanical-trading-system/

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Act Wiser Than Others – A Simple Trading Strategy.

I want to greet all of my readers. First, I didn’t intend to tell you today’s information because it is top secret. But finally I decided to do it. I am thinking of using this method in future trading and I hope that this article won’t ruin my plans. Are you already intrigued? A trading strategy is very simple to both understand and use. So let’s start!

Trading is like a zero sum game. Money does not appear out of nowhere. Traders do not do anything useful, do not produce things that can be sold and they do not offer services. The question is: where does the money come from? It is very easy. Successful traders take money from losers. There are two sides to every deal: the seller and the buyer. As a result, someone will make money while someone will lose it. This is pure competitiveness. The key is to have benefits over other traders. You need to have benefits that will allow you to take other traders’ money. Do you have it? More: http://like-to-trade.com/simple-trading-strategy/

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Who are Traders? Are they all Millionaires?

They thought that you can only make money on this if you have a doctor degree in philosophy. But Amos assured them to give me a chance. Well, I became a first trader who worked with them and didn’t have a doctor degree. To begin, I want to say that it happened in August 1974 – they gave me a $30,000 account. In ten years, I turned it into $80,000,000 dollars. Those years were the most successful ones.

This is an extract from best-selling book “Market Wizards“. This is one of my favorite books. It is based upon interviews with professionals in their fields which is why it is so interesting. Such stories (about turning $30,000 into $80,000 000) are not the exception in this book. The main thing is that real traders are really capable of doing this. More: http://like-to-trade.com/who-are-traders/

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15 Mistakes of System Traders.

Greetings, dear readers! Okay, now let’s move on to today’s topic. I looked through system traders’ major mistakes and my mistakes as well. I will try to present these mistakes in a structured way, but you have to promise that you won’t make them. If you agree, read on for more information.

As I already told you, I have also made many of these mistakes. However, I have come up with different ways of dealing with them. Are there any successful traders who haven’t made any mistakes? Nope! A good trader is aware of different types of mistakes. A good trader knows how to avoid those mistakes. More: http://like-to-trade.com/15-mistakes-of-system-traders/

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Damn! What Does Diversification do to Trading Strategy’s Risks?

Greeting to all readers! Today’s blog post is about system trading! I will point out that it is extremely important for all system traders, but I won’t boast. I will show you some examples about what diversification does with trading strategy risks and how it can possibly change the graph of equity systems. Let’s move on!

Oh, I almost forgot about beginners! What is a risk diversification? This is a risk distribution (in our case trading strategy risks) between different financial instruments. The expression “do not put all your eggs in one basket” is the best way to illustrate this approach. The diversification of risks can be divided by brokers (opening accounts in different companies), and strategies (formation of a portfolio of trading systems). The major point of diversification is in splitting the general risk with the goal of reducing losses in a negative situation. More: http://like-to-trade.com/diversification/

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How does the Forex Commission Kill Your Account?

Greetings to all the traders! The Forex commission has a tremendous influence on trading results. I discovered this while testing Forex trading systems. That’s why I am willing to share it with you. Didn’t you pay attention to the spread and thought that it was the same for all brokers? After reading this article, you will change your opinion! Let’s go!

System testing is a very useful thing. I will demonstrate it based on my personal experience. I’ve been recently testing my systems in Excel and understood that many people underestimate the brokers’ commission (spread, swop). I built graphs while testing and they reflected everything clearly. More: http://like-to-trade.com/forex-commission/

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What is credit shoulder? A simple answer.

Greetings friends! Today’s article will be useful for beginning traders. What is credit shoulder? What benefits can you get from using it? Does risk probability increase when you use it?

Credit shoulder is a loan that broker gets for trading. Shoulder vary, for instance it can be 1:4 or 1:100. What does a 1:100 size of credit shoulder mean? It means that broker virtually gives lends you funds that increase yours in 100 times. It means that you will be able to open deals with 100 times bigger volumes. More: http://like-to-trade.com/credit-shoulder/

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Unknown features of Forex market’s graphic analysis.

Greetings to everyone! Today we will talk about something different. About 2 or 3 years ago I used to learn graphic analysis thoroughly. I built different strategies and tried to master it. Therefore, I have enough useful information about this method to write an article about it.

I will not give you any general recommendations. I am sure that if anyone tried to follow them, nothing positive happened. In this article, I will tell you about some peculiarities that will be able to bring your graphic analysis trading to an absolutely new level (sounds like I am boasting, doesn’t it? ) More: http://like-to-trade.com/graphic-analysis/

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How to combine your job and Forex trading

Greetings! I often get questions from newbies, who under the influence of advertising, learn about the possibility of making money without leaving home. These are questions like: “Can I quit my job and make money on Forex?” They are sure that in this field the results are achieved as soon as they start working. When you work – you get paid. When you work a lot – you get paid a lot. Unfortunately, in this business long hours of work, complex analysis of market trends and reading prognoses do not guarantee that you will have success. Once they understand this, a new question arises: “How do you combine stock-market development and a regular job?”

Many people have to work long hours and have less and less free time. In this article, I will give you advice on how to make trading a part of your life and still be able to work as well. More: http://like-to-trade.com/job-and-forex-trading/

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9 myths about the Forex market or delusions about trading.

Greetings to everyone! Trading, like every other activity, has its mysteries, guesses etc.. Of course, money is the catalyst of all these myths. Everyone wants to make big money and people think of different things during this long journey.

On the one hand, Forex myths do not appear accidentally. There are certain reasons that should be highlighted. On the other hand, many myths are due to the incorrect interpretation of certain thoughts and expressions. Let’s take a look at some of these myths. More: http://like-to-trade.com/9-myths-about-forex/

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Profitable hints of currency pairs.

Greetings, friend. I have been thinking for a while about interesting topics to write an article about and I came up with a very interesting topic that not many of us pay attention to. The one who searches, will always find. Every currency pair has its own peculiarities and trends.They are not always noticeable at first. That’s why I tried to share those that I have witnessed myself. Everything else comes with experience. A system trader will be capable of making money on any market’s inefficiency.

Peculiarities of a EUR/GBP currency pair.

It is a very interesting instrument! The Euro and Pound are European currencies. Their economies are very dependent on one another. That’s why many events influence both currencies in the same way. It means that negative news for one of them will automatically be a negative for the other. What does it tell us? Logically thinking, we can say that trending (what is the exact meaning of this word?) of this instrument is not likely. It rarely happens that when the euro experiences a significant growth, the pound will lose its position. Nevertheless, everything is possible. To check our guesses, let’s take a look at a EUR/GBP graph. More: http://like-to-trade.com/profitable-hints-of-currency-pairs/

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The main secret of Forex.

Greetings to everyone! This article has a very loud name, but it corresponds to its content. What is Forex’s major secret? Why do some traders make money while others lose money? I can’t talk about all of the reasons for failure. However, I can tell you about the major one. I recommend this article to everyone who feels unsure about their trading.

The main reason for failure for the vast majority of traders is a lack of money management. Do not think that if you trade with a constant volume or have an advisor you should ignore this article. It is important to pay attention to the risk in a deal (the amount of money that you will lose if you fail). Many traders do not even understand the things that I am talking about. More: http://like-to-trade.com/the-main-secret-of-forex/

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How to make money on Forex? Find your advantage!

Greetings! So, how can you make money on Forex? Whatever different strategies, advisors and analysis methods would say, anyway it’s all about an advantage over other traders. It is really very important. You have not only to find your advantage. But you also have to feel it and use it during trading process, it gives you more confidence as well.

Let’s take a look at the surrounding world! All our life is a struggle, in almost all spheres. More: http://like-to-trade.com/how-to-make-money/