Friday, March 12, 2010

Forex Strategy

Every person must have forex trading or even frequent failure, which ended in bankruptcy, why? because they were too confident and did not understand the FOREX strategy. Was quite understand indicators B bands, Stoch, MA, SAR, Fibonacci etc? Reading the news every once in 1 hour bloomberg.com, reuters.uk etc? Fundamental capabilities and technical analysis is not enough. There is one more important thing, namely psychological factors.
Have you ever forced open position (OP) at any time provided there is a good signal over to you? Have you ever trading a dozen times in one day just to cover the losses the previous day?
Yes, that's your fault, and this is your mistakes when trading Forex:

-Forcing forex trading before the opening of the London market or the New York market
The reason is very simple but important; you are trading freely at any time during the week, but you are trading currencies is the currency of the western countries, how can you understand the movement of money is if the country is still not the time to start working? Then you will get is a floating trends and unpredictable by the greatest indicator.

-You just prioritize one technique than other techniques, whereas the analysis techniques and fundamental techniques complement each other

-You are too chase the target, when the target was not achieved, you are trying to achieve it without the ability to review your deposit which eventually happened MC (Margin Call)

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