I’ve been a trader for 25 years and have noticed all kinds of market and seen plenty of innovations – but my forex trading strategy has NOT changed, it’s nonetheless the same because it was 25 years ago and nonetheless functions. I will share the logic of it with you here.
If you want to learn forex trading correctly and get the right forex education to enjoy forex success these are all errors to avoid. When developing your forex trading strategy keep the above points firmly in mind their currency trading basic errors that must be avoided if you want to get on the road to regular profits.
If you do think twice – I saw a whole course devoted to non farm payroll and how to trade the number and that’s madness. News is discounted instantly and you have no way of knowing which way prices are going to go – it depends on sentiment and that can’t be judged on single event.
If you’re a beginner to forex trading and you want to be able to hit the ground running, you first need to learn about the basics of trading in this market. If you’re like me, you don’t want to have to learn a lot of complicated theory or confusing chart interpretations. Just tell it to me straight and plain. Show me what works and what I have to look out for.
That is the pie that you want to put your fingers in. It is large, you have no idea how it is going to taste like and what might happen to your stomach in a few hours. You have to come into the Forex market knowing what is going to happen – the start of it is the trading basics and later on, you have to know more and more before you can even start investing. The market is dominated by the British Sterling Pound, which still has the strongest currency figures to date, so when you are investing you must remember that all prices and quotations within the economic environment of the Forex market is quoted following the London market price. Also, currently, there is no central market when it comes to Forex, which means that although there are a few inter connected markets from some nations, there is no centralised location where all trading comes together.