Forex Peace Army Chief Dmitri Chavkerov Shares Successful Forex Trading Strategies With Forex Traders

By The Associated Press | Posted - Apr 8th, 2014 @ 6:31am



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-- WITH PHOTO -- TO BUSINESS EDITORS:

Forex Peace Army Chief Dmitri Chavkerov Shares Successful Forex

Trading Strategies With Forex Traders

NORTH PORT, Fla., April 8, 2014 /PRNewswire/ -- Forex Peace Army CEO

Dmitri Chavkerov shares with traders important strategies and

techniques that would help traders attain success in the highly

volatile forex trading field.  Dmitri Chavkerov is a successful forex

trader who founded Forex Peace Army, one of the biggest and most

reliable forex websites in the world.

Logo - http://photos.prnewswire.com/prnh/20140408/PH00228LOGO-a

Photo - http://photos.prnewswire.com/prnh/20140408/PH00228-b

"Most houses have foundation, walls, floor, and roof. My successful

forex trading structure also has foundation, walls, floor, and roof.

The walls and floor of my forex structure are money management and

trading psychology. The roof is various trading strategies. I will be

sharing with you most of the successful trading strategies that I

know," says Forex Peace Army Chief Dmitri Chavkerov.

Dmitri Chavkerov advises traders to go with reliable and basic factors

like support and resistance price points in the volatile market.

"Support and resistance price points are by far the most reliable and

most fundamental factors that one can use to profit in any speculative

market. Even when trading the news, these points are crucially

important. These support and resistance points have nothing to do with

any technical indicator, but they are enough to make a fortune on the

individual stocks. In fact, the less focused a person becomes on these

points by being more focused on some technical indicators, the less

successful he will become, because he is cluttering his perspective

with less important things," says Forex Peace Army CEO Dmitri

Chavkerov.

Forex Peace Army Dmitri Chavkerov also shares some of the techniques

and strategies for effective money management.

According to Dmitri Chavkerov, it is necessary to have a specific

monetary goal that provides traders a direction in trading. Without a

proper monetary goal on hand, there will not be any progress in the

trading activity. Also, it is important that making or losing money on

each trade should be looked upon as a boring activity rather than an

interesting one. Some traders put in too much of hopes and fear any

loss. When it looks boring then it would not cause them many issues.

Yet another rule is to have cash-out goals that would help traders

make proper plan as to how to deal with the money at hand and the

money that is to be earned in the future.

"Some of you may have read a famous bestselling book, called "Rich

Dad, Poor Dad" by Robert Kiyosaki. Keith Cunningham was Kiyosaki's

mentor, and many ideas that Kiyosaki shared in his book came from

Keith. while talking to Keith, I learned a very important money

principle that I never heard before from anybody else. Keith told me

this: "The process of money making should be very boring. The more

boring it is, the more successful you will become." He said: "Most

people are looking for excitement in their money making ventures.

Excitement is good, but it should be looked for in other areas of your

life. If you look for excitement in making money, you will most likely

get into a lot of trouble, and your path to accumulating and keeping

wealth will be very difficult," says Forex Peace Army CEO Dmitri

Chavkerov.

Dmitri Chavkerov also shares that it is necessary for traders to set

aside a portion of their money for charity. He believes that human

body is programmed to give regularly and unconditionally and if this

is not followed, it may amount to living against your own belief and

the subconscious mind will be affected.

"The most important thing that I can teach you is the foundation of my

forex trading structure, which is giving of at least 10% to charity,"

says Dmitri Chavkerov of Forex Peace Army.

"Most businesses are built around serving people, so if you serve your

customers well, you may still prosper even without tithing, but

remember that in forex trading, you serve nobody, and unless you make

an opening of at least 10% in your trading account that will benefit a

charity, your success will be extremely difficult to achieve, because

as a rule, great financial abundance is a result of great service to

large number of people. If you do not give 10%, you may still succeed

in forex at the expense of great loss of time and energy, but this

great loss of time and energy may take away great chunks from your

health and from your relationships, and thus your happiness," says

Forex Peace Army President Dmitri Chavkerov.

Forex Peace Army is a well known online platform that provides useful

and reliable information on forex trading space. Forex Peace Army has

been active for the past 8 years now.

SOURCE Forex Peace Army

-0- 04/08/2014

/CONTACT: Bill King, press@forexpeacearmy.com, 213-245-1362

/Photo: http://photos.prnewswire.com/prnh/20140408/PH00228LOGO-a

http://photos.prnewswire.com/prnh/20140408/PH00228-b

PRN Photo Desk, photodesk@prnewswire.com

/Web Site: http://www.fxpeacearmy.com

CO: Forex Peace Army

ST: Florida

IN: FIN

SU: ECO

PRN

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