Forex Trading Success - Catching Big High Reward Low Risk Turning Points
Tuesday, April 29th, 2008For the savvy forex trader the best opportunities are at big market turning points. Although the majority never spot them they offer the highest reward and the lowest risk and if you can spot them you can enjoy forex trading success.
A market (any financial market not just currency trading) moves to this equation
Market Fundamentals + Human Perception = Price
It’s a fact that humans are not creatures of logic but of greed and fear and they always push prices to far up or down away from the fundamentals and then prices return to more realistic values.
What Has Forex Trading Have To Do With Gut Feelings?
Thursday, April 3rd, 2008What has Forex trading got to do with gut feelings?
Sometimes ago I was reading a book by a Forex trader and after explaining her strategy she will finish with follow your gut feelings. She said you could not be wrong with that. I read another one that said you should not follow that at all. He said is a way of bringing disaster to your trading. Which one are we going to believe? I started researching and I found out one of them was wrong.
What is gut feelings? It is that intuitive messenger in you that warn you of things to come. It is the inward knowing that something will happen. Some people call it intuition. Intuition accordion to Webster online dictionary means
