Learning Trade Forex

Whoever seek for the Holy Grail they will fail big time, because perfection simply does not exist in forex trading for the following obvious reasons:

Currency Correlation

The inter-relation between currencies can affect great one another at any moment. At any particular moment the unexpected can happen when one of the pair is making a significant move. So the most affected part in trading by the currency correlation is the timing of movement and also the volume.

News Traders

The fundamental or news traders rely so much on the outcome of the economic data. So they will place their order according to the news expectation. Even though the news might not follow their expectation, and as long as the crowds are on their side the market will move according to their will. News traders are playing like the head and tail games, hoping that they are correct on one side.

Long Term Traders

They are usually cause the big movement to the market, as they only spot the long-term movement and setup their trade position at significant point of support and resistant.

Technical Indicators & Settings

Each traders has their own preference of which indicators and settings they use. The impact of these differences making the market unpredictable at times because everyone applying their own ways.

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