Flexibility is Key to Forex Trading Online

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Third on the list “Flexibility is Key to Forex Trading Online”. Successful currency traders resist getting emotionally attached to positions. We recognize that it`s not about being right or wrong–it`s about making money. We adapt to incoming news and information, and quickly abandon an open position if events run counter to is instead of waiting for price action to take us out of our trade.  At the same time, we`re alert to fresh opportunities that may develop in the market and are prepared to react. To be prepared, we must keep sufficient margin available for additional positions. Also, we need an ongoing mental model of other major pairs so we can factor in fresh news and events. We may not be actively trading AUD/USD, but we still know the lay of the land for Aussie. 

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