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Patience is perhaps the most important virtue that a Forex trader can possess. When you are a patient trader it means you know what you are looking for in the markets and you wait for your trading edge to appear before you execute a trade. Trading in this manner eliminates many losing trades that are the result of trading emotionally…or without patience. A large part of trading, and perhaps the largest part, is simply waiting for an “ideal” price action setup or other trade setup to form in the market. Traders who don’t wait for an ideal setup to form, end up losing their money quickly because they negate their trading edge and are simply gambling instead. Make sure you stress the importance of patience in your trading plan, this way you will be reminded every time you read it why being a patient trader is so important to making money in the Forex market. That is all fine but as a unsuccessfull trader through 10 years I still wonder what such a plan can/should/may consist of; what technicals/indicators/other facts; there are 1000’s to choose from. I find it easier to find a needle in a haystack than to figure out where to start building such a plan. Theoretically I do see the very necessity in building such a plan but in practice it nearly seems like rubbish to me because all the “wise” people writing about this never give an example how such a plan exactly could look like. Why is that?The answer will probably be that one will have to figure it out oneself. It is like that if you can figure out how to walk to the moon then you can walk to the moon.

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However, do you know which site is worth trusting.

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Now, lets say you have access to $250,000 dollars and you decide to open a forex trading account and trade forex.

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Is this who you want to directly compete with?Fortunately, there's another way to get involved with currency trading.

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Average Volume of Daily Transactions AVDT The daily transactions of a forex broker can vary a lot, but the more active clients the broker has, the less volatile the value of daily transactions will be.