As a forex trader, you may have tried various methods and trading systems. No one forex trader is able to get a system that directly benefit in the long run. One system may be a benefit at a time, but subsequent harm at the next opportunity. World of forex trading is the world's dynamic and unpredictable directions, even by an expert though. Therefore, experience is the most important element that must be owned by a forex trader to be successful. We learn through experience. One lesson that we will not get through other means.
A man who carries a cat by the tail learns something he can learn in no other way.
~ Mark Twain
Wednesday, July 25, 2012
Tuesday, July 24, 2012
3 Ways to learn forex trading
There are three ways to learn forex trading, through reflection, imitation, and through experience.
Through reflection, is the most prudent. In this way, a forex trader first invested so much time to learn before investing lots of money to go directly in the forex trading world.
Through imitation, is the easiest way. In this way, a forex trader doing forex trading activities by imitating others techniques.
Through experience. This method is the most bitter. In this way, a forex trader learn forex trading via its own way. He tried a technique he developed himself. He learned through his own fault. He studied forex trading through what he believes, although he did not know whether the way it will be profitable for him.
Which way is best suited for you?
By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
~ Confucius
Through reflection, is the most prudent. In this way, a forex trader first invested so much time to learn before investing lots of money to go directly in the forex trading world.
Through imitation, is the easiest way. In this way, a forex trader doing forex trading activities by imitating others techniques.
Through experience. This method is the most bitter. In this way, a forex trader learn forex trading via its own way. He tried a technique he developed himself. He learned through his own fault. He studied forex trading through what he believes, although he did not know whether the way it will be profitable for him.
Which way is best suited for you?
By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
~ Confucius
Monday, July 16, 2012
eur usd analysis 7/16/2012
now, eur usd in the level of 1:22. in the morning, right around 9 o'clock, I took a short position. it is because I believe the pair eur usd price level will decline further in the price level 1:21. and for this week, I generally expect eur usd pair will return a significant downward trend, reaching levels below 1.20. therefore, I am optimistic that I took a short position will persist in the coming days.
image source: ayahsafa.blogspot.com
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