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Steps to Trading Forex Successfully

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Forex trading can sometimes be a bit tricky to understand if you are brand new to trading. That being said here are some steps to help you be successful trading forex:

1) Understand the Mental Aspect of Trading - So many traders quit trading because of fear. The faster you understand that you are going to have losses, the happier you are going to be. For whatever reason most new traders just can't accept that fact. They think every trade is going to be a winner and that's just not he case. They also get very anxious when a trade goes against them. If these are the kind of things that happen. Open up a micro account with a forex broker and trade 10 cent lots, that way you're not risking much money and you can get a hold of your anxiety. Even after that, if you still get knots in you stomach when trading then, forex may not be for you.

2) Follow strict money management techniques - Remember this is not a race, it's a marathon. You won't be a millionaire off of one trade (especially at the beginning) You don't have to swing for the fences. If you try to keep usable margin above 98%, you'll be ahead of most traders.

3) Get rid of all your indicators - You'll never be able to get a full understanding of how and why the markets move the way they do, with lagging indicators. If you're able to trade forex using price action you'll be able to trade more profitably as well as trade with more comfort.

If you're still struggling to learn how to trade forex, make sure to check out my squidoo lens.

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1. Wireless Authentication - This is a huge part of why wireless networking is so secure, you know exactly who is accessing your LAN. With out a RADIUS Server anyone who has happened upon your passpharse has open access to your WLAN. IF someone steals your passphrase some how they wont be able to access your lan because they still need user creditials.

2. Wireless Policy - You can set any number of policies you like but my favorite is limiting the time and days that users can access the wireless network. Most often if a hacker is going to try and crack your network its going to be at night, so dont let users authenticate at night or on the weekends.

3. DMZ or Subnet - You can assign wireless clients to a subnet that is locked down or keep them in a DMZ. If a hacker starts probing the network he wont be able to see much.

4. Limit Access time - You can limit your access time of wireless clients. If a hacker cant hack the LAN he might try to hack the wireless clients, kick idol users off after couple hours.

5. Per user or group Control - You can give specific users certain access or you can give whole groups different access policies. A common senerio is that you have contractors or out of town sales employees visiting and need temporary access to the wireless network. You wont want to let them have the same access that the normal employees do so limit them as needed.

I will be posting a tutorial soon about how to setup a wireless RADIUS server

Join the most popular wireless networking newsletter on the internet http://www.wirelessninja.com Don't miss out on the fastest wireless routers ever http://wirelessninja.com/?page_id=7

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Blogger BlogNet16129: Aug 11, 2008

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