Currency Trading Information Channel
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.
David Jones is a freelance writer and world traveler who writes about subjects in which he has a personal interest. Forex Trading
MORE RESOURCES updated Sun. December / 08 / 2019
Stories of have-a-go forex trading heroes belie a quiet market Financial Times
3 strategies for how to trade forex ForexLive
All You Need to Know about Automated Forex Trading Robotics and Automation News
Why are forex trading signals important? ForexLive
The Best 5 Tips for Forex Trading Beginners - VENTS Magazine
Cryptocurrency Glossary: Using Forex Trading Concepts to Invest in Digital Currencies - Captain Altcoin
Cryptocurrency Glossary: Using Forex Trading Concepts to Invest in Digital Currencies Captain Altcoin
How to Analyze Data for More Profitable Forex Trading Global Trade Magazine
Forest Hill stockbroker convicted for bogus currency trading scheme Queens Daily Eagle
Central bank trades prompted rival FX traders to share info Financial Times
Currency Traders Near End of a Dismal Decade Yahoo Finance
China Drops Below Canada as Currency Trading Plunges by 12.3% The Epoch Times
How does Trading Forex With Bitcoin Work? CryptoTicker
Govt urged to embrace online forex trading The Zimbabwe Standard
Currency trading floors seem to have glass ceilings for women looking to move into management - The National
Currency trading floors seem to have glass ceilings for women looking to move into management The National
Use of Smartphone for Forex Trading in India Industry Global News 24
Managing Emotions in Forex Trading Finance Magnates
What's on tap for traders next week ForexLive
Forex trading on mobile apps in India Daily Pioneer
Citi accused of trumpeting forex trader dismissal amid probe Financial Times
Windsor Brokers Review • Benzinga Benzinga
4 Forex Trading Tips for Beginners FXDailyReport.com
US stocks trade at session highs ForexLive
Ion Group buys currency software supplier MarketFactory Financial Times
CHF/JPY 4H Chart: Trades In Narrow Channel Action Forex
Virtual Currency: The Taxman Is Coming - Fin Tech - United States Mondaq News Alerts
Baht concerns abound Bangkok Post
Week Ahead – The UK Election is Upon Us Action Forex
Financial revolution opens up trading to the masses Blackpool Gazette
Forget the Dollar: Indonesia, Japan Agree to Settle Cross-Border Transactions in Local Currencies - Jakarta Globe
Forget the Dollar: Indonesia, Japan Agree to Settle Cross-Border Transactions in Local Currencies Jakarta Globe
Forex Trading for Beginners Yahoo Finance
What Is Forex Trading and How Does it Work? - RushPRnews.com
US Open – Phase 1 remains on course, Google, Oil rises, Gold remains trade sensitive, Bitcoin's dead-cat bounce - MarketPulse
US Open – Phase 1 remains on course, Google, Oil rises, Gold remains trade sensitive, Bitcoin's dead-cat bounce MarketPulse
Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital Currency - newsBTC
Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital Currency newsBTC
Top 5 Reasons Why You Should Start Forex Trading Business Review
Shares to be listed and traded in foreign currencies Sunday Observer
Trump Trade Belligerence Sends Markets Lower DailyForex.com
How To Start Out In Forex Trading Latin Post
How to Invest in Forex | The Smarter Investor U.S. News & World Report
Top 8 Mobile Apps for Forex Trading Techzone360
Retail forex trading set to go live today Economic Times
EUR/USD Forecast: Seeing Sellers and Waiting for Jobs Number DailyForex.com
Your first 5 minutes as a forex trader ForexLive
How Does Forex Trading Work? FinSMEs