What about your trading? Do you listen to the market? I have found that listening to the market helps me to adopt a more neutral view. In the past I may have held onto a trade because the market “is supposed to go” where I think it will go. Today if the market tells me my timing is off I will listen.. continue reading here
Forex is a human activity. It involve buying and selling. Because it is a human activity, it is not predictable. You cannot predict when is the time you need to go to toilet or when you are going to cut your hair. It is all based on situation. Prediction is an over statement of intelligence in Forex. You dont need it.
Fortunately not everything is unpredictable. By nature human tends to follow what other people are doing.
The idea behind forex trading is to make profit from the difference in prices. Simply put, buy when the price is low and sell it when the price is high. Its just like the item you buy in stores, the store keeper is selling it at a higher price to make profit except in Forex you can sell first at high price and buy back later when the price is low.
When to buy and when to sell?
Logically you will sell when the price is going down and you will buy when the price is going up. It is simple but in practice this is what killing most traders. Something so simple can be so complicated.
Forex is a human activity. It involve buying and selling. Because it is a human activity, it is not predictable. You cannot predict when is the time you need to go to toilet or when you are going to cut your hair. It is all based on situation. Prediction is an over statement of intelligence in Forex. You dont need it.
Fortunately not everything is unpredictable. By nature human tends to follow what other people are doing.
The idea behind forex trading is to make profit from the difference in prices. Simply put, buy when the price is low and sell it when the price is high. Its just like the item you buy in stores, the store keeper is selling it at a higher price to make profit except in Forex you can sell first at high price and buy back later when the price is low.
When to buy and when to sell?
Logically you will sell when the price is going down and you will buy when the price is going up. It is simple but in practice this is what killing most traders. Something so simple can be so complicated.
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