|
|
|
7 Safety Tips Every Realtor and Door-to-Door Sales Professional Need to Practice to Avoid Becoming A Criminal’s Next Victim!
These are the top 7 safety tips that criminals don’t want you to know. It makes their job harder. What makes a criminal pounce? Intent and Opportunity. Their intent we have no control over, however we definitely can do something about the...
A Cure for Cancer
In my wildest imagination, I never dreamed of helping someone kick cancer over the phone!
One evening in 1985, the telephone rang. It was my brother John who lived in Washington, D.C. A call from my elder sibling was highly unusual. A year my...
Bay Leaf Ritual for the New Year
HI would like to share with you a ritual I do every New Year's that is quite involved and requires a lot of thought and meditation time. It is derived from an ancient Greek ritual for prosperity and fertility. As you may recall, ancient...
Race and Racism – Some Concepts Defined
Despite adamant claims to the contrary, racism continues to plague many peoples around the world. The first step toward resolving issues of racial intolerance and prejudice is to develop an understanding of the underlying concepts and their...
Uncovering Your Joy: Using a Personal Journal to Discover a Life Filled with Happiness
Author Tristine Rainer wrote “Happiness within a diary has less to do with the events you encounter in life than with the way you experience the process of living.” Because a diary mirrors how you perceive and deal with events, it can be used...
|
|
| |
|
|
|
|
|
|
Forex Training Follow Your Gut or Your Broker
Which way will the forex market move? Do you just follow your gut feeling? Or do you have Neo’s sixth sense that would let you be one with the market and feel the underlying currents.
Trading forex is a non stop action movie but a good one, where you really don’t know who will win at the end. Every forex trader is trying to predict the winner of his own movie.
The forex markets move fast. Can we understand why they move? Yes, we can but only by having a feeling for the market, the instinct to know in which direction to move. Will our intuition enable us to predict the forex markets every move? Of course not. But understanding what makes the markets move will give the edge in making better trades.
What do we need to know!
- Who trades forex?
Traders, investment funds, corporations, banks and governments.
- Why do they trade?
Traders go for a quick speculative profit. Investment funds avoid risk and follow the long term trends. Corporations are trying to hedge on currency fluctuations. Banks are short term traders, market makers and hedgers. Governments trade currencies to keep there countries markets stable.
Now that we know who the players are we must understand ourselves. As the other players trades will impact greatly on our own. We need to decide on our trading strategy. There are just too many strategies to be covered in this article so please visit Forex Value Guides to
for more information. http://www.forex.value-guides.com
But no matter our strategy, we must be disciplined and not let our emotions take over. That is not an easy thing to do when the markets go wild. We need to keep calm to analyze the other players to reach our profit goal.
Don’t believe anyone who says trading is easy. You need a lot of will power not to keep changing your mind every minute and sharp analytical skill. Not only to understand the other players but to comprehend world events that have an impact on the markets.
What strategy should you choose? Each trader needs to develop his or her personal approach to the FOREX. Some traders rely solely on technical analysis while others prefer fundamental analysis, but many successful FOREX traders use a blend of both to get a broad overview of the market and for plotting entry and exit points.
There are many valid tools available to recognize market movements. The novice FOREX trader is well advised to study each one individually for getting a working knowledge of their concepts and use. Once one has been understood, keep on using it while studying others. Each method tends to reinforce the others.
About the author:
David Jones is a freelance writer and world traveler who writes on subjects in which he has a personal interest. Forex Trading
|
|
|
|
|
|