The new Forex Black Book system by Dustin Pass is one of the most innovative new products to hit the market in recent years. There's nothing shiny or fancy about it, but it's one of those systems that makes you step back and wonder; Why hasn't anyone else come out with something like this?
First Reason most traders fail is because they simply don't know when to trade. The indecision of traders whether to get in the market or stay out is usually the downfall of most traders. The Forex Black Book software takes care of this as it is straight forward and leaves nothing up in the air for traders. The rules are clearly broken down by the indicators when to get in and place your orders or when you should stay out and keep your money.
Secondly, a lot of traders, including myself have issues with where to place the take profit and stop loss for the trades at. Additionally, the indecisiveness comes back into play here when trades go in the wrong direction or they go in the right direction and traders want to close out right away to take profits or cut their losses, so they never let the trades play out accordingly. Well, Forex Black Book addresses this as it provides a total of 4 take profit levels and 1 clearly defined stop loss level. This way, you gradually phase out your winners in segments and then you can let your last segment ride the wave of profits. This way, you lock in some profits automatically and have no fear in letting your last segment roll. Additionally, the stop loss is strategically set and you should then forget about it until you are in profits as you have to let the trade playout and give it room to move.
Lastly, and I know this sounds trivial, but a lot of traders simply fail because they have no plan. They simply watch the market for hours on end and when it moves one direction they "feel" like they should get in now. But that feeling isn't based upon any analysis or indicator of where the market is at. Unfortunately, too many traders just trade by their "gut feeling" and not with a plan. But with The Forex Black Book, you will have a set plan when to get in or stay out of the market, a set plan on when to take profit or take your loss, and a set plan as to when to check your charts so you don't have to sit in front of them 24 hours a day.
For More Information On the Forex Black Book System, Check out our Forex Black Book Review at http://forexblackbookreviews.com
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