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Justifying Forex Trades

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When you trade, you never want to trade impulsively. You need to be able to justify your trades, and the way to find justification is by doing your research. There are many books, newspapers and other publications with information about trading the FX market. When choosing a source to consult, make sure it covers:
- The basics of the FX market
- Technical analysis
- Key fundamental news and events
Since the FX market is primarily a technically-driven market, the best book that you can read as a new trader is one on technical analysis. The better you get at technical analysis, the better you can trade the FX market from a speculative perspective.
Source: http://www.investopedia.com/articles/forex/06/FirstStepsFX.asp; http://www.bktraderfx.com/site/members-benefits; http://www.gftforex.com/

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