(Print out the 5 D’s for success below. Review on a consistent basis during your journey to freedom.)

Development

Successful Forex traders have learned that they cannot buck the major price trend of the individual currency-pair they are trading. Forex pairs are trending or oscillating between certain channels.

Successful traders understand that trends develop. The successful Forex trader will enter his/her trades in the direction of the prevailing trend or wait until a new trend is established. Several hours, or perhaps days/weeks, may elapse before this trend becomes apparent depending on type of personality the trader develops.

Advanced traders adapt to trading oscillations by understanding channels in current market conditions. You sell the rallies in the downtrend and buy the dips in the up trends.

These two insights on oscillations are as old as trading itself as the simple concept works.

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