Hi MT5 Members :
Most new FOREX traders don’t take the time to learn what drives currency rates. When news or a statement is due out they must close out their positions and sit out the best trading opportunities. They are taught to only trade after the market calms down.
So essentially they miss the whole move and then trade the random noise that follows a fundamental price move. Just think for a moment about technically trading the aftermath of a price move; there is no potential.
Seminars, eBooks, Internet, papers, video courses -- take all the time you need to learn this new trading skill well. The return of Forex trading can be very lucrative but the risk lie beneath is equally great. Invest smartly, and I wish you all the best in the trading world.
What i can advice u :
*Keep it simple. Forex is a subject often over complicated by too many indicators.
*A couple of trend lines and some candlestick analysis - maybe some pivot knowledge, is all you need.
*The hard thing is not learning the techniques - that's easy!
*Hard thing is controling the emotional side of trading.
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