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    Thread: Eyes and Ears of Forex (part 3)

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    1. #1
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      Thumbs up Eyes and Ears of Forex (part 3)

      nice understanding, it seems like that eyes are the indicators and ears are the analysis. Good to hear like these words and no doubt if e technically saw that this thing quite right that trader can analyze the market by putting its eye on the chart and then can get better idea through its analysis that what should do next.


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      i say that the eyes of trading forex are in the trading charts for here is where the trader sees how the market is going and the ears of the market are in the news for it is the news that can affect the current market trend no matter how strong the trend is


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      indicators can never be the eyes of forex trading, because every indicator, regardless of how it is calculated, lags the market price, meaning you can see what they are telling even without looking at them, for me, the eyes would be candlesticks and ears would be fundamental analysis


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      Quote Originally Posted by zarra View Post
      indicators can never be the eyes of forex trading, because every indicator, regardless of how it is calculated, lags the market price, meaning you can see what they are telling even without looking at them, for me, the eyes would be candlesticks and ears would be fundamental analysis
      I totally agree with you on this bro, the candlesticks ought to be the eyes of the market because they are the ones who tell what is really happening in the forex world, by looking at it we will know if the market is trending up or down. Then the ears ought to be both fundamental and technical analysis of the market because they help to give us information on what is about to happen in the market.


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      Quote Originally Posted by zarra View Post
      indicators can never be the eyes of forex trading, because every indicator, regardless of how it is calculated, lags the market price, meaning you can see what they are telling even without looking at them, for me, the eyes would be candlesticks and ears would be fundamental analysis
      This is true, indicators are just there to make trading more easier, they can not be the eyes and ear of trading because we still have to make analysis and then come to conclusion before trading. In fact some of the times, the indicator gives false signal but depending on your trading experience and skills, you should be able to skip it.


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      I have seen indicators disappoint a million times, why should they be referred to as the eyes and ears of the forex market, we as traders are the best indicators ever made, it will be wrong for you to explain to anyone that the use of indicators is the best and only way to survive.


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      We have seen more indicators that offer some success and loss. we should learn in depth from all trading. we should keep learning more and more. we should learn the indicators first, do not ear unnecessary words that affect trading business from unknown person.


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      Quote Originally Posted by adewale View Post
      I have seen indicators disappoint a million times, why should they be referred to as the eyes and ears of the forex market, we as traders are the best indicators ever made, it will be wrong for you to explain to anyone that the use of indicators is the best and only way to survive.
      I think we should understand something about the indicator because before we can trade and make money from the market with it we need to thus learn it because there is no way you would be able to make money from the business if you don't learn and build that skills and understand, ultimately it is a tool and those with the right approach to using it can make money.


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      if the forex market has the eyes and the ear, then it will be right to describe the forex market as a living thing, and yes it is because apart from the eyes and the ears, the forex market also has a mouth and from time to time it speaks to us, at time in low voice and some other time in very loud voice, depending if you are experience and patient enough to hear his voice,forex is a very mysterious market and because many of us does not know these, we mess our account up many time.


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      the only eye of forex is the market and that is what we are seeing in the chart. anything short of it can never be the eye of the business and that is why traders must always give hear to what the market is saying because that is what is respected not even what we think about it can change the market
      IF YOU WANT TO LAST LONG IN THE MARKET THEN APPLY THIS SIMPLE METHOD

      http://forum.mt5.com/showthread.php?86700-The-Splitting-lot-size-Method-of-Trading


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