Forex markets are exciting and with the rise of the Internet, we’ve seen a huge rise in the amount of news available all at the click of a mouse.
However, despite all the advances in communications – and the quantity of news available, the ratio of winners to losers remains the same in the Forex markets:
90% of traders lose money, which may seem a starting fact as more information is seen by many as a key to success
Online currency traders think the news helps them – however, in most cases the news ensures they lose money – for the following reasons:
1. News is discounted by the forex markets in seconds.
All the news is discounted by the markets quickly, in today’s world of instant communications.
If you want to trade profitably, then you need to simply ignore the news.
Markets move on how investors perceive the future and for this you need to study human nature or trader psychology.
Technical analysis is the way to do this; a simple equation will make this clearer:
Supply and demand (Fundamentals) + Investor Perception (human perception) = Price
Humans decide the value of any investment market and that includes currencies.
By studying forex charts, you are seeing the complete picture – and keep in mind investor psychology is constant and shows up in repetitive price trends that you can profit from.
2. They’re stories that’s all
When trading forex markets, online currency news is convincing, but their stories and they won’t help you make money.
The financial writers are knowledgeable and of course they can explain everything in hindsight – but they’re not traders.
If you listened to the news, you could have bought at the top of the market in 1987 – and the tech bubble of the 1990’s.
All the news claimed the market would go on forever, but what happened next? Prices dropped like a stone causing huge losses.
Any market is most bullish at market tops, and most bearish at market bottoms, so listening to currency news will simply damage your online currency trading success.
3. Financial news and emotions
The biggest mistake any FX trader can make is letting his emotions dictate his trading.
If you want to win, then you need to remain disciplined with the execution of your forex trading strategy.
It makes us feel comfortable to go with the news and the consensus opinion but in trading, this is a bad trait to have.
If you feel comfortable, you will not make money.
In trading, you need to stay disciplined and isolated.
Remember, the majority of traders are wrong! – and they listen to, and trade with the news.
Use a technical system – and try to ignore the news and focus on the reality of price.
In the Forex markets, this will enable you to stay detached, unemotional and disciplined and help you achieve currency-trading success while others fail.
Grab 5 FREE Trader PDF’s Much More
Get the support you need to trade like a pro with our user-friendly multi-lingual
online trading platforms
up to date financial news, real-time market prices, tight pip spreads,
built-in risk management system, and 24-hour professional support.
Grab your FREE PDF’s NOW:
http://www.bestonlineforexbroker.com
Article from articlesbase.com
2012 Republican presidential hopeful Herman Cain is still upset over comments by Jon Stewart of The Daily Show as he explained on The O’Reilly Factor on Fox News. The Young Turks/MSNBC host Cenk Uygur breaks it down. The Largest Online News Show in the World. Facebook: www.facebook.com Subscribe: bit.ly TYT Mobile: bit.ly Twitter: twitter.com www.theyoungturks.com FREE Movies(!): www.netflix.com Read Ana’s blog and subscribe at: www.examiner.com Read Cenk’s Blog: www.huffingtonpost.com
Video Rating: 4 / 5
JVZoo Product Feed
Jun 30, 2011 at 10:53:10
someone please tell this man that congressional representatives don’t read bills, they pay people to read it and spoon feed them the gist of it.
Jun 30, 2011 at 11:11:15
a black republican…haha that’s rich.
Jun 30, 2011 at 11:44:24
@Tatchko If you play the clip backwards it sounds like “bearded clam”.
Jun 30, 2011 at 11:48:21
@Requinix17 You have learning difficulties so fuck off back to the short bus and leave the internet alone.
Jun 30, 2011 at 11:55:00
@ZombieBite1991 Everything conservatives say is a joke.
Jun 30, 2011 at 12:28:15
@TheENTERRAPTURE17 Cool story bro
Jun 30, 2011 at 12:38:25
@Dfireanime13 Bills aren’t supposed to be readable they’re supposed to be effective.
Jun 30, 2011 at 12:51:03
@tstruss912 Look at what they did to Iraq.
Jun 30, 2011 at 13:27:55
Jon Stewart did an impersonation of Cain not Amos and Andy. Cain is a burger flipper with delusions of adequacy. It’s amusing when a bone fida uncle tom race traitor attempts to hide behind his skin colour.
Jun 30, 2011 at 14:06:13
@dazzagazza6969 Ease back on the glue sniffing sleepy.
Jun 30, 2011 at 14:48:41
@timoback3000 Uncle Tom, Uncle Tim, that’s about it.
Jun 30, 2011 at 15:23:27
I’m not a fan of black conservative though I think there is a difference between a black conservative (Cain, Thomas) and a black republican (Powell)
Jun 30, 2011 at 16:06:47
@dazzagazza6969 riech winger denouncing a call out….again
dazzagazza6969-Fox News