Forex currency trading has been a hot subject lately. Imagine a
business with no employees, no customers, and no inventory; with
possibility of reaping great profits every single month. It is only you
and your desktop computer, and your favourite office home. Sure, but the
secret ingredient of success is missing in the formula.
It
is estimated that only 5% of retail Forex traders make money trading
the currencies, using profitable currency trading system. It is usually
based on deep understanding of fundamental analysis or technical
analysis, which is the awareness of the patterns of market reaction on
specific economic events. This require the use of trading charts and
indicators.
I call this "Forex news trading 101", loosely
referring to the process of transmuting substances of no or little value
into pure surefire gold. Economy news that people watch on television
just to have something to chat with their friends later apparently are
not of great value. The very same news disturb currency market,
providing possibilities to make money on the market movements and
therefore become remarkably tangible. Training and experience is
required to interpret news into the trading terms and the final product
of such interpretation is called Forex Trading Alert.
High quality
Forex trading signals service provide final price projection based on
the deviation between prior number, actual number and possible revision
combined with support and resistance levels. Timing of the indicator is
of crucial importance here as well as the same deviation may have
completely different impact on the market. It is advisable to eventually
get familiar with these Forex technical terms; however generally you
can follow the simplified summary explaining optimal trading strategy
for this particular news event including entry and exit points and stop
loss limit.
No comments:
Post a Comment