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Video on 7 Winning Strategies For Trading Forex

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7 Winning Strategies For Trading Forex
Michael Awwad
The day you become greedy, and hope to get "lucky", is the day you lose all of your money (and all of your pride). Sounds a bit strange, but it seems to be true. The only time I ever win money is when I don't care about losing it. I went to the the casino last night with $20 in my pocket. I couldn't care less about losing it, I mean, what is $20? So guess what happened? I ended up leaving with $120 profit in 1 hour!
Another occassion I was at the casino with my friend Ben. I went in with $100 that I could not afford to lose. I got greedy, I got scared, and I ended up betting too much and losing it in 32 minutes! The lesson my friends is never bet more than you can afford to lose. If you don't care about losing, you have a lot more chance of winning big!
How else can you increase your chances of winning at Roulette besides setting a budget? Never bet on single numbers! Sure, they come up every once in a while, but they don't come up often enough to ensure a steady profit. Only bet on 1:1 bets e.g. red, black, even, odd, 1-18, and 19-36, and 2:1 bets e.g. 1st dozen, 2nd dozen, 3rd dozen, etc Bet on odds that pay relatively high.
With the basics covered, how else can we further increase our chances of winning at Roulette? By turning probability into our friend, as opposed to our mortal enemy. "You cannot win at Roulette", my friend Ben would say to me. "Its completely random because any number could come up". Sure, my friend Ben does have a point, but at the same time, he is missing an important part of the picture. I totally agree, red or black could come up 30 times in a row, but how often does that happen?
I'll leave you with that thought my friends. How often does red come up 8 times in a row? How often does 1-18 come up 5 times in a row? There is no way to predict future roulette results, however, common sense will tell you that probability works in a lot of different ways. It can work against you, and it can also work to your advantage. The day that starts happening is the day big profits will start rolling your way!
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