Trading the foreign exchange is never an easy task
As a single retail trader, you have to manage every bit of news and financial data and out-guess the “Big
Boys” who run the show.
It can quickly become an exercise of try to manage risks and searching for...
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Trading the foreign exchange is never an easy task
As a single retail trader, you have to manage every bit of news and financial data and out-guess the “Big
Boys” who run the show.
It can quickly become an exercise of try to manage risks and searching for a
strong trend to latch onto for an extended period of time.
Losses are sadly inevitable, but if controlled,
one good trend can offset several losing trades and offer potential profits.
As the old trading proverb
goes, “The trend is my friend!”
Beginning to trade in the Forex can be a very daunting task.
There are possibly thousands of indicators
designed to help traders read the market, but ultimately the problem for beginners is to understand the
indicators and their functions.
Not to mention trying to create a trading strategy from them.
It’s like
owning a fancy toolbox.
Just because you’ve got the tools doesn’t mean that you’re a carpenter.
The
carpenter knows precisely which tool he will need for the task at hand whereas
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