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One of the overlooked yet the most crucial element of successful trading are maintaining a healthy psychological outlook while trading. At the end of the day, currency traders who are unable to cope with the stress of the forex market fluctuations and unpredictable nature will not withstand the test of time. No matter how skilled you may be as a trader at the scientific elements of trading, you need to be emotionally strong.

Good traders need to be emotionally detached in making trading decisions. Your trading decisions must be independent of fear and greed. One of the attributes of good traders is that they accept losing. They make decisions based on an intellectual level. Traders who get emotionally involved in trading make substantial errors. After a few losing trades, they try to whimsically change their strategies or after a few winning trades become carefree.

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How can people claim that Duke basketball is on the way down? It seems like everyone in the world is echoing this sentiment these days, but there are so many things they’re overlooking.

Duke’s supposed slide is of course linked to what all Duke fans already know: Duke hasn’t won the National Championship since 2001 and hasn’t made a final four since 2004.

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The developing rivalry between MMA organizations UFC and Strikeforce just grew some more this week, when MMA heavyweight Fedor Emelianenko announced that he’d be joining Strikeforce for a series of fights. Each of these fights will be promoted by M-1 Global, a major plus for Fedor. In fact, Dana White’s unwillingness to comply with this request is exactly what prevented Fedor from signing with White.

The first Strikeforce fight for Fedor will occur sometime later this fall, most likely in October. Emelianenko has a career fight count at 31, but the Strikeforce fights may prove to be interesting, as Fedor has never fought a match in a cage. Still, Emelianenko welcomes the challenge and believes he’ll rise to the occasion in this new setting.

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Who are the real Houston Astros in 2009? Are they the team that stormed out of the gates after the All-Star break, splitting a series in LA, sweeping the Cards, and embarrassing Johan Santana? Or are they the team that has lost 4 of its last 5 games to Chicago and New York since then?

While Wandy Rodriguez has been consistent and Roy Oswalt has looked good before injuring his lower back on Tuesday (if he misses significant time, the Astros are toast), the veteran threesome at the back of the rotation – Mike Hampton, Russ Ortiz and Brian Moehler – have been, at best, inconsistent and, at worst, disastrous.

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While deciding which currency pair to trade, many traders make the mistake of forming their opinion around only one currency in the pair, ignoring the other currency. Right choice of the currency pair is essential for making profitable trades.

US Dollar is the most important currency in the global economy. It is heavily traded against other currencies like Euro, British Pound, and Yen etc. Many trader trade currency pairs involving USD. They make the mistake of only studying US Dollar while ignoring the other currency in the pair.

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Finding the right currency pair to trade should be of utmost importance to you as an individual trader. As an individual trader you will only have $1000 to $10,000 at the most as equity in your trading account. Opportunity cost is a real cost for most individual traders. Funds committed to anyone position are funds that cannot be used for in other possibly more profitable trades.

In forex trading, almost every currency pair is linked to another, one way or the other. As an individual/retail trader, if you only trade USD, you risk missing promising trades and opportunities offered by other currency pairs especially the crosses.

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The difference between a professional trader and an amateur trader is that a professional trader never goes into a trade blindly. You see hedge fund managers have to show good results to their investors in order to solicit their investments into their funds. Hedge fund managers have to convince their clients that they have a battle tested strategy.

As individual traders, our $20,000 trading account is as important as any $20 million hedge fund. Our $20,000 account is more important. We are using our own hard earned money on trading. A hedge fund manager is most probably trading with other peoples money.

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If you were asked what main driving force is for someone playing online poker is, you would not probably hesitate to answer that it is all about the money. Of course there is the challenge of the game and the variety of games that pull people in, but the big money is always a big driving force. For those seeking extreme excitement, poker is the way to go, whether you are in a casino or playing online.

Believe it or not, there are currently over one hundred various types of poker that are being played. But even though there are over one hundred different versions, there are some favorites that the public just can’t seem to get enough of. Not only do these games bring in the most people but they seem to pay out the best as well. Before you jump in head first though, you want to make sure that you completely understand the rules of the game.

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As a forex trader, you should know that interest rates are an integral part of investment decisions and can drive the currency markets as well as the stock markets either direction. Federal Open Market Committee rate decisions are the second largest currency market moving release behind the unemployment figures.

The impact of the interest rate changes not only have short term consequences but also have long term impact on the currency markets. One Central Banks decision can affect more than a single currency pair in the interconnected forex markets.

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Commodities, namely gold and oil, have a substantial connection with the forex markets. Understanding the relationship between gold, oil and currencies can help forex traders gauge risk, forecast price changes as well as understand exposure.

Gold and oil prices generally tend to move based on almost similar fundamental forces that affect some currency pairs. Four major currencies, the Canadian Dollar, the Swiss Franc the New Zealand Dollar and the Australian Dollar, are considered to be commodity currencies.

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