|
|
<
Entries in category: 15
Shown entries: 9-15 |
Pages: « 1 2 |
Sort by:
Date
Why do Forex Traders fail? I have a theory.
At the time I decided to start forex trading (2 years ago) the
Forex Boom was just starting. I really did think I had stumbled on that
legendary pot of gold, and that I would soon be on easy street. |
|
Forex Trading is not that easy, all FX traders before they enter this
business, they think that they will be rich very quickly and make $20
000 in one or two weeks, but when they begin trading currencies they
discover it is not true, it is not easy to make money especially when
we work with money. |
People sometimes experiment with the idea to trade with other
people. It might work, but for me, it did not. I trade alone. The
advantages of trading alone are:
You are free to make your own decisions without having to
find a way to explain the rationale of your decisions to anybody else. |
|
Technology advances like the internet have spawned a new craze, where
anyone with a secure internet connection prepared to undertake a small
amount of training can engage in trading foreign exchange on the forex
market. |
|
Patience is a virtue in most endeavors in life, and it's certainly a valuable asset in futures and stock trading. |
The easy answer to the question is "when it's not a pattern". And that really is the real crux of the issue... Let me explain.
Let's take a look at one of the most simple patterns in technical analysis, the Double Top (Bottom). |
|
By: Hillel Fuld
The
Forex market, as you probably know by now, is the biggest market in the
world. Yet, somehow, the average citizen, who is quite familiar with
the Stock Market, has never heard of the Forex market. When you tell
them Forex means the same as foreign exchange, you generally get a
response similar to “Ohhh” followed by a “And what is that”? |
|
|
FOREX SEARCH
|
