Tuesday, January 6, 2009

Trading the Reality

There is a huge market for courses who say they can but they can't - so don't fall for this myth. Forex trading is a game of odds not certainties.

If you can learn to trade the odds, you can have more winners than losers, execute your trading system at the right time and enjoy currency trading success.

Forex charts also make studying the news irrelevant.

Many traders simply believe newswires and brokers and the arguments and opinions are convincing but that's all they are - opinions and there more often than not wrong.


While the fundamentals are important, it's very hard to judge their impact and how the participants view them. Forex technical analysis simply assumes that all fundamentals will show up quickly in price action.

The forex chartists therefore doesn't concern himself with why prices are moving - he simply trades the reality of price change and wants to make profits by locking into and holding trends when they occur.

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