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. August / 09 / 2020
A guide to forex trading instruments The Boca Raton Tribune
Trading Forex: 5 Things You Have To Know Before You Start Wealth Morning
How the Coronavirus has impacted Forex trading Nairametrics
Forex: best currency pairs to trade at night Capital.com
Three essential facts about trading forex in Australia Inside Retail
Timing Entry And Exit When Forex Trading NuWire Investor
Four-Ex currency traders need Help energy drink for focus StreetInsider.com
Is now a good time to invest in forex? P2P Finance News
Dominant Currencies and the Limits of Exchange Rate Flexibility International Monetary Fund
Why a website is a must-have for forex startups Augusta Free Press
Euro Forex Market Hits 18-Month High Against Dollar Securities.io
What is the exchange rate of USD (US Dollar) / HKD (Hong Kong Dollar) on Saturday August 8, 2020 - Born2Invest
What is the exchange rate of USD (US Dollar) / HKD (Hong Kong Dollar) on Saturday August 8, 2020 Born2Invest
Forex trade up as the rich hedge dollars due to Covid-19 fears The Star, Kenya
Rupee Edges Lower To 75.05 Against Dollar NDTV Profit
Foreign Exchange Software Market: Value Chain, Stakeholder Analysis and Trends and Top Key Players – Calyx Solutions, CGI Designe, Cinque Technologies, Clear View Systems, Currency Exchange International - The Daily Chronicle
Foreign Exchange Software Market: Value Chain, Stakeholder Analysis and Trends and Top Key Players – Calyx Solutions, CGI Designe, Cinque Technologies, Clear View Systems, Currency Exchange International The Daily Chronicle
As the lira hits record lows, how did Turkey get here? Aljazeera.com
How to trade online with your smartphone KnowTechie
Explained: Why are forex reserves shooting up when Indian economy is hit? The Indian Express
Currency News: US Dollar (USD) Exchange Rate Fluctuates on US Stimulus Uncertainty - TorFX News - TorFX News
Currency News: US Dollar (USD) Exchange Rate Fluctuates on US Stimulus Uncertainty - TorFX News TorFX News
Forex Market Majors Boosted by Positive Data Securities.io
EUR/JPY Two Scenarios Likely Action Forex
Pound US Dollar Exchange Rate Surges to Four-Month High: Currency News Today - TorFX News - TorFX News
Pound US Dollar Exchange Rate Surges to Four-Month High: Currency News Today - TorFX News TorFX News
BTC/USD Forex Signal: Bears Take Control DailyForex.com
US Dollar Rises On Geopolitical Fears Action Forex
NZD/USD below 0.6700 Trades Weak Currency Live
China Trade Balance Fails to Lift AUD/USD Currency Live
EUR/USD Forex Signal: Fast Economic Recovery DailyForex.com
XM Guide to Start Your Trading Journey Yahoo Singapore News
There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market - Action Forex
There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market Action Forex
What is Forex Trading? How to Trade Online Securities.io
Is the US dollar losing its clout as the world's reserve currency? Sydney Morning Herald
What is the Forex Market? Securities.io
Why US dollar will survive the test of Covid-19 South China Morning Post
Everything To Know About Getting Into Forex Trading GQ Australia
What is Cryptocurrency Trading? Securities.io
What is Margin in Forex? Securities.io
What Is Forex Trading and How Does it Work? Money and Markets
Binance Review Securities.io