Forex Trading - Surefire Profits - Little Known Secret!

What is the little known secret for surefire profits in Forex and Currency markets?

You must invest with a "Poker Mentality"!

What does that mean?

You must be willing to lose... throw in your hand early just like you do in Poker when the trade isn't going your way. Be willing to be wrong - keep the losses small and let the profits run - follow the trade with a trailing stop.

Here's a quote from the legendary book, "Market Wizards" by Jack D. Schwager which puts this in perspective:

"I learned how to play Poker at a very young age. My father taught me the concept of playing the percentage hands. You don't just play every hand and stay through every card, because if you do, you will have a much higher probability of losing. You should play the good hands, and drop out of the poor hands, forfeiting the ante. When more of the cards are on the table and you have a very strong hand - in other words, when you feel the percentages are skewed in your favor - you raise and play that hand to the hilt."

"If you apply the same principles of Poker strategy to Forex trading, it increases your odds of winning significantly. I have always tried to keep the concept of patience in mind by waiting for the right trade, just like you wait for the percentage hand in Poker. If a trade doesn't look right, you get out and take a small loss; it's precisely equivalent to forfeiting the ante by dropping out of a poor hand in Poker. On the other hand, when the percentages seem to be strongly in your favor, you should be aggressive and really try to leverage the trade similar to the way you raise on the good hands in Poker."

But here's the secret that it takes years to learn... and I've been at this for three decades... you can lose on four trades out of five (and most of the pros do) and still be a big winner overall... as long as you keep those losses small.

A trade should be working out right from the entry, if it isn't, get out and look for another entry point.

When you're first starting out it can be helpful to learn from seasoned traders.

Here's a system from a seasoned Pro that generates buy-sell signals for you.

You can learn about it here:

Currency Buy/Sell Signals - Click Here for Information!

But remember... no matter what system you use... always limit your losses by using stop-loss orders.

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Buying Poker Chips

Whether you enjoy the glitz and glamour of visiting a casino, or simply enjoy playing cards at home, an important part of the game are the Poker chips you will use. Despite being an integral part of enjoying a bet, Poker chips are usually the focus of very little attention, but they have a history all of their own, before they ever reach the betting table.

While most at-home card players will be familiar with the colorful plastic chips that are typically part of the gaming sets you might pick up in your local store, the chips that are used in casinos are far more elaborate. And understandably so, as these chips usually have a face value that can be worth a considerable sum; thus security is a key issue in the production of many chips. Casinos will usually have a house design with which they will decorate their chips to render them more distinguishable - in fact, many businesses have taken this idea to a whole new level simply by using Poker chips as advertising tools. Brightly colored chips combined with a particular logo are used by many businesses as innovative discount or business cards. Poker chips are even used as invitations to special occasions, such as weddings or birthday celebrations.

But back in the casino, the chips have a practical purpose. As well as including the casino's particular logo and color scheme, Poker chips usually include an indented design achieved through the use of molds, thus making the copying of chips more difficult. For this reason, casino type Poker chips, called 'clay' chips are usually made of a composition of materials that is suitable for molding, rather than plastic or some other substance; this also makes the chips more suitable for the heavy handling they are subjected to in the casino environment. But though this material is tough and durable, the average life span of a casino Poker chips is only three to six months. Those little chips live fast and die young!

Jeff Lakie is the founder of Poker.info">Poker Chip Information a website providing information on Poker-chip-set.info">Playing Poker

Read full story for latest details.

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