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There are many trading strategies used by traders in order to profit from the Forex market. However, in general, all successful trading strategies involve capturing a price trend, which is a directional movement of price, punctuated or interrupted by retracements. Regardless of what strategies are being used, it must be noted that successful traders are not “fortune tellers” with a crystal ball that can predict trends before they start

Many people are finding easy and most convenient way of investing money to get more. One of the main reasons is that you don’t need a big amount to start trading, with small amounts of investments one can start learning it.

Forex trading is definitely a personal type of trading. It calls for some specific skills of a person, together with a solid trading technique. The industry has a lot of plans, forms of trades, and methods that it could be a little perplexing as to where you have to begin.

Imagine you are crossing the English Channel on a small dinghy with an eclectic mix of fellow passengers; a few close friends; a few mild acquaintances; and a few wounded giraffes. The giraffes are heavy and weighing you down; water is seeping into the boat all around you; and the crisp, clean bank notes that you and your associates worked ever-so-hard to attain are wilting away by the second. The natural reaction at this point is to try and drop the dying weight into the water.

If you are a Ugandan, you have probably heard all about the Forex trading and how it seems to be the hottest “new” business in Uganda. This article considers whether it is worthwhile investing in this kind of business.