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5 Steps to Standing Out Above the Crowd at Work
Do you feel like one in a million at work – and not in a good way? When you run into your boss in the hallway, do you get the impression she isn’t sure who you are? Are the juicy projects always going to someone else? If you answered “yes” to any...
Help Traumatized, Withdrawn Students During The Holidays
The holidays may not be a time of happy celebration for many children and youth. Some face periods of isolation with family members who will be seriously impaired by substance abuse, or consumed with rage or sadness. For other young people, the...
It Takes Time
The story goes that after one of Ludwig van Beethoven's performances, several people were offering him their congratulations, when one woman commented, "I wish God had bestowed me with such genius." "It isn't genius, madam, nor is it magic."...
Market Yourself As A Paralegal
What does it mean to make yourself marketable or sellable? Does
it require that you quit your job, completely change careers or
go back to school. Perhaps, but for this article it simply means
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Reflections in the Glass Ceiling
The recent news about one of America's most powerful woman ceo's being removed from office has raised the discussion about gender bias, again. It disappoints me that in 2005, I still hear women clients talking about "the old boys' network". They...
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Trends and Profitable Trading In The Forex Markets.
The basis behind using technical analysis is to find trends when
looking at the forex charts and be aware of when they first
develop so you can ride the trend until it ends. The foreign
exchange market is a very strong trending market, lots of ups
and downs in short periods of time, and is, therefore, a place
where technical analysis can be very effective.
But even considering the great amount of indicators available,
there are still many traders every week who still end up buying
(being "long") while the currency pair is in a basic downtrend,
or selling short when a market is in a uptrend. This is, they
end doing things backwards.
If you want to become a profitable forex trader you will need
to use as many technical indicators as you want, or create a
personalized trading strategy based off a combination of
indicators, to recognize the trend. In other words, professional
Forex traders try to identify the major trend, the intermediate
trend, and the short-term trend and then
construct their trades
in that direction, based on how long their rules allow them to
hold a position.
If the action of the market shows your judgment to be correct,
the successful trader 'stays with the market' and endeavors to
make the maximum profit on each trade, according to his/her
risk-to-reward / equity management rules. If and when the market
goes against him/her, the smart trader will take profits and get
out. In a narrow market, when prices are not going anywhere to
speak of, but move within a narrow range, there is no sense in
trying to anticipate when the next BIG movement is going to be -
up or down.
In short, if you want to be in good profitable terms with the
forex markets you must follow this words of wisdom: "Never argue
with the market, or ask it for reasons or explanations".
About the author:
Adrian Pablo;Forex trader
and freelance writer.
>> http://www.1-forex.com
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