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    Thread: Eyes and Ears of Forex (part 3)

    1. #21
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      The eyes are our weapon to look for market opportunities to make ourself a profit.Our hands are our tool to make things happend.I dont know about the ears i dont need exactly to ear to trade forex and make money but i am glad i can ear.


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    3. #22
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      good thing you explained that different tools are our eyes and what see market rates that comes in our ears and we can take good decision if our eyes and ears are working fine. we need to prepare our self for both best and worst cases for good trading.


    4. #23
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      Good combination of words and good example, and without indicators we cannot see the trading condition and also without ears there is no chance for getting good news. Traders must develop these factors in the trading and they can have plenty of positive trading outcomes after it.


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      The eye of the forex business is what our chart tells us and that means that we should rely on price action to make most of our trading decisions, it's essential that we play a very good role in ensuring that we do what's is right as we trade in the forex market, this is for our own good actually.
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      Well I really do not think that we can believe the indicators to be our eyes because most of the times the indicators are not accurate so there is no sense of using them. Rather we should use our own analysis which we can trust and most of the times it can come our to be true as well. Our eyes should be rather the fundamental news.


    7. #26
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      our analysis and knowledge with good abilities and skills can become our eyes and ears throughout our trading career if we want. that is why each trader is asked to good quality and polished skills and abilities so that he could trade successfully and professionally.


    8. #27
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      In forex trading it is important for the traders that they have to open eye and ears to gain success. They need to analyze the market trend. They have to learn knowledge and they have learn from the experience.Traders have to take right decision to make right trading which is hard.


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      When a trader begins to see beyond the charts then he/she is really seeing clearly, because you can then trade without much indicators plotted all over and reduce the rate of confusion. Ears is being able to through research about the currency pairs you are trading so that you fully understands what moves them.
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      The eyes and ears of forex trading market business is the outlook of perception of the trader which is simply and barely his trading strategy and risk management concept. A trader must plan ahead of his trading activities, by abiding by the rules of his trading system.


    11. #30
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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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