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Forex trading looks simple yet few succeed – 95% of new traders lose their money and only 5% win. This may seem an odd fact when anyone has the potential to learn forex trading.
The answer is most traders simply learn the wrong forex education and this article will give 4 tips to get the right education and win.
Firstly the growth of the internet has led to a lot more information becoming available to forex traders and some of it is very good – but most of it is junk and will simply ensure you lose and this leads us to our first tip.
1. Be wary of vendors selling education on the net
Most of them make me laugh for $ 100 or so I can get a system to make me regular profits every day, trade with 80% accuracy or even make me a millionaire – all for a few hundred dollars!
Do not buy them – they will not help your forex education.
There simply marketing guys not traders – if they were, they would shut up and trade for themselves, if making money was as easy as they say they would not need me or you.
2. Do not learn the wrong Knowledge!
There are many myths that have beenpetrated on the net mostly by vendors and let's start with the largest one – forex day trading works.
No it does not, day traders do not make money – period
All short term volatility is random, so it can not – that's why you never see a day trader with a real time track record of profits.
Scientific theories are a great way to make money, another stupid myth.
If markets moved to scientific theory, we would all know the price in advance and there would be no market, yet new traders still learn junk theories like Elliot wave and Fibonacci numbers, lose and wonder why.
3. Get Knowledge from the real pro's
You can do this simply by going to Amazon.com and you can get some really good forex education from traders who have walked the walk, rather than simply talk the talk.
For about $ 100 or so you can get some great advice (see our top 10 books for traders) and get them. They will inspire you and give you a good solid grounding in what it takes to be a successful forex trader.
This is an investment in your forex education that is well worth the money.
4. Work Smart Not Hard
Forex education involves working smart not hard and learning the right knowledge.
If you want to learn forex trading ALL that you need to build a successful system is available free on the net.
See our other articles, there is some great information on technical analysis, formations and indicators and it's all free.
You do not get rewarded for the effort you put into forex trading you get your reward from being right with your forex signals – nothing else. All you need to do is get the right info and you can become a successful trader.
CONSIDER THIS FACT
In 1983 Legendary trader Richard Dennis to prove that traders could be taught took 23 traders with no trading experience and taught them to trade in 14 days.
These traders went on to make Dennis $ 100 million dollars! The story is told in "The way of the turtle" and also Market Wizards – Get these books and you will see that Dennis made them focus on the RIGHT education to win with no filler.
Now you may not make as much money as the turtles but anyone can learn to trade and learn to win if they focus on the right education – you just need to find it digest it, apply it and hopefully this article will have pointed you in the right direction – Good luck.
In the modern era of technology, fiber optics has started to play an important role in data transfer and communication. The data transfer that happens in these cables is based upon the technology of optical networks. Light waves are encoded and modulated to send and receive data. And fiber optic patch cables play an important role in completing the end-to-end connection of systems using this technology.
First of all, let us understand what makes the optical fiber communication important. The fiber optics makes sure that certain desired properties of any communication are satisfied. And the quality that they maintain with respect to these properties makes using these network cables desirable.
Interestingly, the fiber optic patch cables require being compatible with all these properties to keep up with the network quality. So the attributes desirable of the fiber cables are also good for the patches. Some of the important properties are listed below.
Rate of data transfer: Data of high volume can easily be transferred using the optic cables. In fact, with the mainline network cables, one can transfer terabytes of data every second as done in case of the worldwide Internet exchange data. The same can be said about the fiber optic patch cables. The bandwidth of these cables is extremely high.
Speed of communication: The physical communication happens over modulated waves of light. As a result, the speed of communication is extremely fast with the fiber optic networks. One can use these networks to access real time data across the globe. The patch cables are compatible with the speed and they can transfer data at the same speed as the main network cable.
Absence of attenuation: Attenuation of signal is a critical factor in most of the networks. However, for an optical network, this is practically absent. The data can traverse along the network with no amplifier installed in the route. The patch cables also do not attenuate the data.
Accuracy of transferred data: The transfer of data takes place with a high degree of accuracy. The data suffers from practically no external hindrance. No signal coming form outside really changes anything about the data. As a result, the data transfer preserves the accuracy of information exchange. The fiber optic patch cables maintain high levels of accuracy when it comes to data transfer.
Security factors: Fiber optic patch cables are as secure as the overall optical fiber network. They are extremely difficult to break into and hence the possibility of data leaking out of the network is practically minimal.
All of the above makes using fiber optic patch cables beneficial when it comes to real life application. Make sure that you have got the right patch with the right length and aperture, and you are all set to enjoy the benefits of a secure and high speed communication.
The present era is the age of wireless gadgets. The days of wired gadgets are now passé. The same can be said about wireless computer headsets. When headsets for computers were first introduced, they were of the wired variety. Notwithstanding their popularity, many users would complain that the wires got in the way of doing routine tasks and would reduce their mobility and freedom. With the advancement in technology, folks have now become used to wireless computer headsets. You can use wireless headsets to listen to your favorite music or watch a favorite video from your couch or seat without the wires getting in between you and your favorite activity.
Wireless computer headsets are now a common option available to people, unlike the past. At that time, wireless computer headsets were something of a rarity and were quite expensive as well. This made wired headsets the only option available. Things changed however, when wireless headsets were introduced. This has brought down the price of wired headsets to a considerable extent and many people have already taken the advantage of their low price and easy availability.
The additional benefit of using a wireless PC headset is flexibility. With these gadgets, it is not necessary for you to be in front of your PC. You can be away from it and still use it or chat to people in a crystal clear manner. Some of the best of these wireless gadgets will help you even filter out unwanted noise as well.
If you have been using the more traditional wired headsets before, then you would like to know if purchasing a wireless gadget would be worth it. Going by the price and the voice fidelity, these gadgets have come up to the expectations and perform as good as their wired cousins. When wireless headsets for computers were first introduced, the signal would easily get disturbed because of interference. But with the improvement in technology, there has been a positive development in the quality of sound produced by the wireless equivalents, so they can easily transmit and receive data with the computer.
The life span of these gadgets is also comparable to their wired equivalent and if used properly, wireless computer headsets have a long life as well. The only precaution you need to follow is that you should not drop these gadgets frequently or else the wireless circuits could get damaged permanently. Finding these gadgets should not be a problem since you can easily locate that at your favorite electronics store. You can even search for these on the Internet at really affordable prices.