To be a successful trader is more than having big capital to invest, because if you invest big capital without knowing how you loss it in a moment. The more you realize it, the better are your chances of making big money in global forex trading throughout my years I learned a lot of things that makes me a successful forex trader. Some of those things us what I want to discuss with you. I hope you take them with whole heart.
1) State of mind: - your mind, or the way you think is very important than your starting capital either you have $10, 000 or more. If you don't know some principle to follow when trading you loss all at once. For instance, you enter a trade when you should not have enter and you loss a lot of money, if care is not taking because of that lost you can enter into emotional problems and eventually loss every thing. But if you control yourself you can recover it in one or two trade having known how to do it. However, it will cause you fear to continue trading because you loss your money but I advice you to cast out fear and do the normal thing. You will smile at the end of the trade.
2) Buying & selling: - In forex market we learn how and when to but and sell. That is another important factor you have to pay attention to. I will tell you to sell the markets that show weakness that means if the market is weak don't think twice before you sell it and at the same time buy the market that is strong. If the market is saying "I am strong" Buy it and continue buying! For this reason, it will be good if you have a method of knowing s long term trends to go with each period of hours
3) Good & bad time of trading: - There are good days and bad days, there are good weeks and bad weeks, there are good time and bad time in the global forex trading. Don't allow the bad one weak you down when you encounter them in a trade. Learn to be strong, because many traders or four bad days you should know that its part of the business. Stay in there and manage your capital will be persistent and you come out smiling.
4) Top and bottoms technique: - don't try to look for absolute tops and bottoms. If you look for absolute tops and bottoms you can succeed once or twice but you will eventually loss it all if you want to get the top and the bottom at least use some sort of confirmation. "Don't just guess: is not the game of guessing. Develop a tool that will show you when to buy or sell and stick to it again I repeat don't guess.
5) Make it simple:- If you think that forex is hard to trade, then it will be hard for you. But if you think it is simple to trade, I tell you within short time you will be an expert in it. So make it easy and be among the unique traders that do and use a good trading method. I tell you that, you will be the next guru in Global forex trading. get more info click here. See you at the top
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
Friday, February 5, 2010
Monday, February 1, 2010
GLOBAL FOREX TRADING: - How to use Fundamental Analysis by idowu samuel
Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand. In other words, you look at whose economy is doing well, and whose economy sucks. The idea behind this type of analysis is that, if a country's economy is doing well, their currency will also be doing well.
This is because the better a country's economy, the most trust other countries have in that currency. For example, the U.S dollar has been gaining strength as the economy gets better, interest rate gets higher to control inflation and as a result, the value of dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.
Based on experience and research, both technical and fundamental analyses are to gaze at when you want to trade swings its focus more to one of the two. I will basically, say that economic news release is more fundamental, while season opening is more technical therefore, watch out!
Fundamental Announcements provides some of the absolute best trading opportunities in forex markets, and they account for most of the considerably large market moves. In general (but not always) the markets moves relatively slowly when not affected by F.A. thus giving small profit opportunities. Immediately, and for a while after a significant fundamental Announcement. The markets move strongly, thus providing great profit opportunities. Usually, fundamental announcements are released at a scheduled time. This means that you can know days in advance. When a potentially great opportunity will happen... to minute! This could be found on same website like. Forexfactory and forexstreet. Focus on the fundamental announcements of the country or economy that you are proposing or already trading their currency pairs, for more profits. Some of the major global Economic calendars (indicators) are stated below and could be more volatile and profitable. You cannot watch all the indicators because; they change in importance, based on time and condition. Watch out for more insights on different techniques and strategies of trading the FA indicators. (1) Trade reports (2) Gross Domestic Product (UK) (3) Unemployment (4) Interest rates reports (5) Core Durable Goods (USD) (6) Retail Sales (USD) (7) Consumer Confidence (8) Trade Balance (USD) (9) ISM Manufacturing index and prices (USD) (10) Non-Farm payroll (USD) being announced every first Friday of the month.
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
This is because the better a country's economy, the most trust other countries have in that currency. For example, the U.S dollar has been gaining strength as the economy gets better, interest rate gets higher to control inflation and as a result, the value of dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.
Based on experience and research, both technical and fundamental analyses are to gaze at when you want to trade swings its focus more to one of the two. I will basically, say that economic news release is more fundamental, while season opening is more technical therefore, watch out!
Fundamental Announcements provides some of the absolute best trading opportunities in forex markets, and they account for most of the considerably large market moves. In general (but not always) the markets moves relatively slowly when not affected by F.A. thus giving small profit opportunities. Immediately, and for a while after a significant fundamental Announcement. The markets move strongly, thus providing great profit opportunities. Usually, fundamental announcements are released at a scheduled time. This means that you can know days in advance. When a potentially great opportunity will happen... to minute! This could be found on same website like. Forexfactory and forexstreet. Focus on the fundamental announcements of the country or economy that you are proposing or already trading their currency pairs, for more profits. Some of the major global Economic calendars (indicators) are stated below and could be more volatile and profitable. You cannot watch all the indicators because; they change in importance, based on time and condition. Watch out for more insights on different techniques and strategies of trading the FA indicators. (1) Trade reports (2) Gross Domestic Product (UK) (3) Unemployment (4) Interest rates reports (5) Core Durable Goods (USD) (6) Retail Sales (USD) (7) Consumer Confidence (8) Trade Balance (USD) (9) ISM Manufacturing index and prices (USD) (10) Non-Farm payroll (USD) being announced every first Friday of the month.
http://3e788jti38-q7vc6a6j7o02p33.hop.clickbank.net/
Subscribe to:
Posts (Atom)
