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Showing posts with label valas. Show all posts
Showing posts with label valas. Show all posts

Political Component Pricing On Government Jokowi

The fall of crude oil prices, which devastated the economies of many countries, is considered a political. In fact, thick with political conspiracy.

Mr. President Jokowi Fuel Prices Down, Prices Staple Stable Whenever ?.
When fuel prices go down and occurs When crude oil prices are low, should would not want all food prices and public transportation costs go down as well.
Now that fuel prices go down, but food prices and the cost of public transportation still averse down. If it's like this, entrepreneurs, owners of public transportation, public transportation drivers, and rogue traders, who want their own wishes that make economic vandals in this country.

Lest the merchants and entrepreneurs accord just as much profit from its activities. Rollicking berkospirasi colonizing nation itself.

Learning from the past, has repeatedly experienced by Indonesia. As fuel prices rise, then the other prices go up. However, is not true if the fuel prices down. Many fictional pretext, when down the fuel no decrease in inflation or economic growth significantly. And so forth reasons that sometimes do not make sense, tend to want to own victory.

Society hopes Jokowi government immediately intervene to control the prices of basic necessities in the market. Because if it continues to rise will affect the economic uncertainty society.

Government Jokowi most responsible in ensuring basic needs will be dragged down the price decline in the price of fuel oil (BBM), which has been done in the near future.

Good news, the policy of fuel coming again of CMEA Djalil. He mentioned that the new price of fuel in Frebruari will be determined based on the Mean of Plats Singapore (MOPS) counted 24 Carre 2014 until 24 January 2015. fall of world oil prices up to US $ 50 per barrel in turn will be followed by a decrease in fuel prices in Indonesia.

"Premium price is lowered as they drop in crude oil prices on the world market, but when the world market price of crude oil rose again it will be adjusted again. That is because the premium price has followed the market mechanism or without subsidies, "he said.

Mr. Minister Sofyan Djalil to the media also said that now is being calculated losses and we will adjust. I'm sure in February 2015 will go down again. The government plans to set the price of premium fuel in two weeks according to world oil prices. "If pertamax set in two weeks. For a while the premium price is set once a month, but may be adjusted in two weeks.

In February the government berenca down again, the lower middle class hopes followed the decline in the price of staples or other goods and services. Because after the fuel price hike back to the discourse of decline in prices was not yet under control needs. And again, if the prices of all been on the market, what it means to the people in the care of a free market without government protection with respect to its existence.

The drop in world oil prices is not just a mere economic game. Behind all that, there is a big scenario played the oil producing countries of the world. Political scenario is referred to as the main motive in the global competition.

The oil game has been going on for the past few months. All countries are now affected, either positively or negatively. So, who is to play the politics of oil since June 2014 and up to now? Political analysts pointed to Saudi Arabia and the United States (US) to be the mastermind behind the drop in world oil prices.

They use oil market depressed for to destroy his enemies, especially Iran and Russia. Petroleum can be a deadly weapon to weaken a country, especially in terms of economics and politics. According to Edward Lucas of The Economist magazine, Arabia and the US to use oil to weaken the powers of the President of Russia Vladimir Putin.

Despite US and European economic sanctions related to the Russian annexation of the Crimea and the geopolitical game in eastern Ukraine, Moscow remains resilient and confident. However, the recent decline in world oil prices makes Russia furious and half desperate.

Russia is the country's third largest oil producer in the world. Russia depends on oil prices. "Nearly half of Russia's revenue comes from oil and gas," Lucas said, quoted by the Daily Mail. Oil prices reached the lowest point in the last five years, under USD50 / barrel last week made Russia almost stopped breathing.

The price of oil is too low it can weaken the ruble, Russian currency. It causes panic. The movement of money out of Russia increased sharply. It became the worst days for Russia. The world is to know how oil prices are so low is able to destroy the Soviet Union in 1991 because of the weakening economy.

Now, low oil became a serious threat on the Putin dictatorship trying to revive the Soviet empire. The question is now, whether Putin will fall?

"Political component always determines the price of oil. The moment of crisis is also due to political, "Putin said in an interview with Chinese media, published in the Russian presidential website. Putin has had a special strategy. He no longer sell oil and gas to European markets. Its proximity to Asia Pacific countries make Putin more confident.

In addition, Iranian President Hassan Rouhani said the decline in world oil prices recently was a political conspiracy.
In a statement, Rouhani not specifically mention the countries he considered conspiring drop in world oil prices.
"The decline in oil prices is not something ordinary and nothing to do with the economy, is not only related to the global recession," said President Hassan Rouhani.
"The main reason is political conspiracy by certain countries.
Previous Iranian government tried to suppress the Organization of Petroleum Exporting Countries (OPEC) to reduce production quotas as an effort to raise the price, but in a recent meeting of OPEC decided not to change the amount of production. 

#FOREX #FOREX #FOREX #FOREX #FOREX
#FOREXTRADING #FOREXTRADING #FOREXTRADING
#FOREXTRADINGSYSTEM #FOREXTRADINGSYSTEM
#FOREXTRADINGSOFTWARE #FOREXTRADINGSOFTWARE
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#$ #USD #UERO #YEN #FALAS #ISD

Emergency, Fed Funds Rate Increase In Time Near

Re-mighty dollar. The US currency strengthened against all of its 16 major counterparts after rising at least 3.7% against all major currencies during 2014.

While Morgan Stanley reported the Fed is expected to raise interest rates in less than 8 months compared with the predictions of almost 13 months in October last. And some analysts expect the US central bank the Federal Reserve will raise interest rates (Fed Funds Rate) at the end of 2015 or early 2016, in contrast to the consensus that predicted a rise in the second quarter or third quarter of 2014.

The dollar rallied as the manufacturing sector data back reinforcing speculation the Federal Reserve will raise interest rates this year while other central banks extend its stimulus policies. Other data that supports pengutan currency is the manufacturing sector PMI data, where data from the ISM manufacturing PMI was at 55.5 last month from 58.7 in November. A reading above 50 indicates growth.

The increase in the Fed Funds rate can occur at the end of 2015, the Fed Funds rate will rise when inflation is above expectations.

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#FOREXTRADING #FOREXTRADING #FOREXTRADING
#FOREXTRADINGSYSTEM #FOREXTRADINGSYSTEM
#FOREXTRADINGSOFTWARE #FOREXTRADINGSOFTWARE
#ONLINEFOREXTRADING #ONLINEFOREXTRADING
#$ #USD #UERO #YEN #FALAS #ISD

The Movement of FOREX Trading, System, Purchase, Characteristic.(1)

Many advantages when we choose to trade forex. One of them is the forex trading hours that 'never sleeps'. You could say we all already know that forex trading or forex is open 24 hours a day and 5 days a week. It is a very long period of time. Arguably the open market which continues without any rest or sleep. For traders, this would be great fun. Because they are likely to multiply profits at any time.

However, like most ordinary market, not every moment is always crowded. There are days when the market is crowded with visitors. And there is a time and hour where the empty market although the market remains open. There are certain months where the market visitors actually exceeds the capacity.

So insight into the time and hours in forex trading, it is also very important. You can customize your character by character trading strategies forex trading time in general. In order that the results obtained maximum of every trade you.


Started FOREX Trading

Forex trader you must already know that forex trading if measured by GMT time Indonesia, began on Monday morning until Saturday morning. But maybe you do not know exactly what time it starts trading.

Forex trading world, broadly divided into 5 major markets, namely: Session Sydney (Australia), Session Tokyo (Asia), Session London (Europe), Frankfurt (Germany), Session New York (USA). As we know there is a time difference that is long enough between Australia and America (+16 hours). This is what makes forex trading market never sleeps. When one market closes, another market being open, and so on.
For more details, let's look at the time and the hour when each market open / close:


1. Sydney, Australia
Open: 5:00 pm
Close: 13:00

2. Tokyo, Japan
Open: 6:00 pm
Close: 14:00 pm

3. Frankfurt, Germany
Open: 1:00 pm
Close: 21:00 pm

4. London, England
Open: 2:00 pm
Close: 22:00 pm

5. New York, USA
Open: 19:00 pm
Close: 3:00 pm +1


When viewed from the five major market every day, then an hour most mornings forex trading is Sydney, Australia 05:00, including Monday that the world of forex trading week begins. While the closure is New York, USA at 03:00 early the next day. You can see that forex trading is almost done 24 hours. It is a great opportunity for us traders, because they have a greater opportunity to develop trading capital or take profit.


Furthermore, let's see how it compares to the movement of pips, in each market.

Table difference in price movements (PIPS) forex pairs

Pair Session Tokyo / Asia Session London / Europe Session New York / USA
EUR / USD 76 114 92
GBP / USD 92 127 99
USD / JPY 51 66 59
AUD / USD 77 83 81
NZD / USD 62 72 70
USD / CAD 57 96 96
USD / CHF 67 102 83
EUR / JPY 102 129 107
GBP / JPY 118 151 132
AUD / JPY 98,107,103
EUR / GBP 78 61 47
EUR / CHF 79 109 84


Markets London / Europe
European markets took the largest share is nearly 36% of the total trade. European market is currently the most crowded, where thousands of entrepreneurs world-class snapper forex trading transactions.

Some traits / characteristics of the Tokyo market session / Asia are:

* Due to the London session has time overlapping with other market then this session becomes very crowded. This resulted in very high liquidity and spreads into smaller pips.
* Range of price movement becomes very high (Volatile).
* Trends happened majority will continue until the beginning of the session on the New York market trade.
* During the day volatility will decrease over the noon hour to eat and wait for America to open session.
* Some important news in the Euro zone will also greatly influence price movements.
* At the time of the European session the pair's all become very attractive for trading, because of hectic trade. But who strictest remain on major pairs: EUR / USD, GBP / USD, USD / JPY, and USD / CHF. Some cross pair like EUR / JPY and GBP / JPY also can be glimpsed as it moves quite stable, many traders liked this cross twisted pair.
* Apart from Japan, the countries with the second economic power (Hong Kong, Singapore, Australia, Seoul) is also active in the transaction. Along with China, Japan is exporting countries that besides the Bank of Japan, China, the commercial businesses (Export / Import) also also participated actively traded.
* At certain times of liquidity could be very small, visible at a very small price movements (do not change within a relatively long). This small price movements that allow formed breakout level of previous trends that occurred in the American market, so there is a phase of consolidation of a pair.
* Most of the movement occurred when the early trade, which at times was a fundamental economic news released or out.
* Market tokyo little lot will also affect the markets that open further, Because traders in Europe and America will see what happened earlier through the Tokyo market.
* Pair that might be interesting for you to trade in the Asian session is, JPY and AUD. Given China also has grown to become the new economic powers, when they released the second important news Pair will also be affected.

Market NewYork / USA
NewYork market accounted for approximately 19% of the total trade. New York is the center of trade and business in America, the city is also nicknamed the "City that never sleep 'means the city that never sleeps.

And as we all know that the USD is the currency of the world, nearly 90% of trade will always involve dollars in it.

Some traits / characteristics of NewYork market session are:

* High liquidity during the morning (early trade), because of overlapping with the European session.
* When the important economic news US release will have enormous power to move prices in pasar.Ingat 90% of the trade involving the dollar.
* After the European markets closed, the liquidity and volatility also tends to decrease (when the US afternoon session).
* On Friday US time, the trade will decline drastically, as traders in Asia and Europe had ceased to move, they are preparing for the holiday weekend.
* Some of the trend reversal may also be common in the period of time after the afternoon session Americans. Some traders do not want to leave the position open to avoid things or news that may occur at the weekend.
* As in the European market, all very interesting couple pair played in the American session, you just have to be extra pay more attention to the time when important news will be and is being released, the dollar will move wildly and even skipping.

Above you have studied the general character of each market, let's move a little to know the characteristics of the pair on certain days. So that you have a portrait of intact and you can determine when, hours, time and day that suits you.

Let's see Table pips according to the price movement. Pair Sunday Monday Tuesday Wednesday Thursday Friday
Pair Monday Tuesday Wednesday Thursday Friday Saturday (morning)
EUR / USD 69 109 142 136 145 144
GBP / USD 73 149 172 152 169 179
AUD / USD 58 84 114 99 115 111
USD / CAD 43 93 112 106 120 125
USD / CHF 55 84 119 107 104 116
EUR / JPY 19 133 178 159 223 192
GBP / JPY 100 169 213 179 270 232

Seen that Wednesday, Thursday, Friday, is the time when the most crowded and busy market.


When is the best time and hours for forex trading:
* The European session was the most busy and crowded.
* When overlapping provide liquidity and high volatility, this is your chance to immediately achieve the gain / profit in a short time.
* By mid-week (Wednesday, Thursday, Friday) where the price movement pips are at the highest value.

When is the time and hours that are not suitable for forex trading:.............................next


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#FOREXTRADING #FOREXTRADING #FOREXTRADING
#FOREXTRADINGSYSTEM #FOREXTRADINGSYSTEM
#FOREXTRADINGSOFTWARE #FOREXTRADINGSOFTWARE
#ONLINEFOREXTRADING #ONLINEFOREXTRADING
#$ #USD #UERO #YEN #FALAS #ISD

The Movement of Forex Trading, System, Purchase, Characteristic (2)


.....When is the best time and hours for forex trading:
* The European session was the most busy and crowded.
* When overlapping provide liquidity and high volatility, this is your chance to immediately achieve the gain / profit in a short time.
* By mid-week (Wednesday, Thursday, Friday) where the price movement pips are at the highest value.

When is the time and hours that are not suitable for forex trading:

Most movement occurs when the early trade, which fundamentally new economic news released.
Tokyo market will also have some impact to open markets further, Because traders in Europe and America will see what happens before through the Tokyo market.
At certain times of liquidity could be very small, visible at a very small price movements.
The currency pair you are trading that may be on the Asian session is, JPY and AUD.

London's Calling
The European market is forex trading sessions of the most crowded, where thousands of world-class entrepreneurs forex trading transactions. Here are the characteristics of the session in the London market, namely:

Range of price movement becomes very high (Volatile).
Some important news in the Euro zone will also greatly influence price movements.
Since the London session has time overlapping with other markets, the forex trading session becomes very crowded. This resulted in very high liquidity and spreads into smaller pips.
During the day volatility will decline as lunch break and wait for the American session open.
The trend will continue until the majority of the early session on the New York market trade.
Forex trading sessions on European time makes all very interesting pair to be traded. As in the major pairs: EUR / USD, GBP / USD, USD / JPY, and USD / CHF. Some cross pair like EUR / JPY and GBP / JPY also can be glimpsed as it moves quite stable, many traders liked this cross twisted pair.

New York, New York
New York is the center of trade and business in America, the city is also nicknamed the "City that never sleep 'means the city that never sleeps. Since the USD is the currency of the world, and nearly 90% of trade will always involve dollars in it. The following characteristics of the American market:

After European markets closed, the liquidity and volatility also tends to decrease. Especially during the afternoon session of the United States.
Economic news can move the market price, considering all trades involve the dollar.
High liquidity may occur at the beginning of trading in the morning, because of overlapping with the European session.
On Friday US time, the trade will decline drastically, as traders in Asia and Europe had stopped moving, and get ready for the holiday weekend.
Some of the trend reversal may also be common in the period of time after the afternoon session Americans. Some traders do not want to leave the position open to avoid things or news that may occur at the weekend.
In forex trading session at United, all twisted pair is also very interesting to play. You just need extra attention to the important news that will come out, because the dollar can move wildly.


You can search for more profit by utilizing forex trading session European time. Because the European session is the most busy and crowded. Similarly, when there is overlap, you can make a profit in a short time.

Asian markets are less suitable for aggressive traders, due to the volatility and low liquidity. And do not forget to always pay attention to the news or other important events. Even as the World Cup soccer event could make the market be quiet, because the attention of traders switch.


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#FOREXTRADING #FOREXTRADING #FOREXTRADING
#FOREXTRADINGSYSTEM #FOREXTRADINGSYSTEM
#FOREXTRADINGSOFTWARE #FOREXTRADINGSOFTWARE
#ONLINEFOREXTRADING #ONLINEFOREXTRADING
#$ #USD #UERO #YEN #FALAS #ISD

Gripping, Dollar Back ahold Market

Today in the absence of economic data from the European Union and the market is preparing to welcome the new year 2015 tomorrow Thursday, the Dollar is likely to be continued to dominate the market although in thin trading as US unemployment claims data is reported later that evening.

In the previous trading day, the EUR / USD jumped nearly 60 points after forming yearly lows. This surge appears to only be temporary due to profit-taking ahead of the end of the year. As is known, investors have been selling euros and buy dollars since last June.

While the European region struck back with speculation "Grexit" Greek production as well as the blue zone's debt crisis, after Greece's political turmoil. Greek Parliament again failed to elect the next president of Greece, triggering early elections on 25 January 2015. However, recent surveys show the opposition party Syriza who will win the election, these conditions lead to the Yen, Swiss Francs, Gold and Silver back pursued by investors.

Dollar Will Stronger 2015
Daily Telegraph carried a report that the US dollar looks will continue to strengthen in 2015 and expect the value equation (parity) for the first time after more than 10 years. Economic analyst at Citibank said the combination of tighter monetary policy in the United States and more elastic monetary policy in Europe, causing the Euro would be almost worth the dollar.

Parity means, the value of EUR per USD to 1.0000 and Citibank expects the value of EUR against the USD will reach 1.1000 in September 2015 and under the "parity", 0.9900, for the first time since December 2002 to 2016.


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#FOREXTRADING #FOREXTRADING #FOREXTRADING
#FOREXTRADINGSYSTEM #FOREXTRADINGSYSTEM
#FOREXTRADINGSOFTWARE #FOREXTRADINGSOFTWARE
#ONLINEFOREXTRADING #ONLINEFOREXTRADING
#$ #USD #UERO #YEN #FALAS #ISD

Guessing FOREX Transactions Up / Down

Forex Trading business is a new thing in Indonesia, but now that many are attracted to the business because Forex Trading Online has the advantage that is not owned by another business, namely:

You are the Boss for yourself, nothing tops that must be obeyed, not afraid to be fired, no one you set.
Not limited places and regions, provided there is a PC or laptop connected to the internet then you can do this trading activity
Relatively small capital, depending on his broker, there are Internet even give Capital $ 5 real money and $ 10,000 virtual money as a training tool for example in Marketiva.
For Beginners at marketiva recommend learning first, because in addition Without Capital also use the Trading Platform that is easy to understand and also had a chat facility to support or to fellow traders. and pulled again there is a special room Indonesian (this is why tens of thousands of members today from Indonesia)
Potential Advantages Without Borders, Daily Trader Magazine edition april / May 2007 page 90 in an article titled "The Trader Monthly 100" explores in particular the 100 best traders in the world with revenues estimated at over 50 million US dollars per year. One of them mentioned John Arnold (33 years) from the city of Houston in the estimate an income of 1.5 s / d 2 billion US DOLLARS per year
Flexible time, An Independent Trader can do this business activities whenever he wants, there is no limit of time (remember !!! as we Trader is Boss)
Nearly Everyone Can do, Origin is of age (usually at least 18 or 21 years), not illiterate, a finger can be used to punch the keys you are able to start.
Other rare Forex secret called that only about 3% of Forex traders are correct - completely successful in this business (see also the article level a trader here), because most are not able to face the emotional (emotional mastery), especially the nature of fear and greed that many master in this trading activity, many are lying because Forex trading at underestimate because only guess two possibilities Up or Down (likened to gambling), but it is not that simple.

Forex Trading Free!

Since the Internet more easily accessible then learn forex online more and more known in Indonesia, perhaps most online businesses Indonesian players know forex broker forex business especially marketiva. Therefore I personally call it a play forex Indonesia.

The advantages of this forex broker in addition to providing initial capital FREE (though not much) at least it could be a good place to learn forex because prektek directly. Free capital provided will be thawed if lucky, if Loss ??? , No Problem .... Because Free!

In addition, excess trading platform used to have Channel Chat directly to support 24 Hours and many Channel (room) by countries including Indonesia, so he could chat Forex Trading Online fellow traders from Indonesia and overseas, but from personal experience; chat room Indonesia mostly becandanya, if you want to seriously get into the market chat room.

Forex trading takes place 24 hours for 5 days a week, roughly in starting at 4 am Monday s / d 4 am Saturday.

Learning forex brokers suggest marketiva, because in addition to the Capital Real Money Internet, we can also practice with virtual money that is given as many as 10,000 US Dollars, if discharged could ask for more again, have advanced ???? The new play Real Money.

There is also a direct play Real Money, because according to use fake money emotional pressure difference, which is why many also if you play virtual money profit use, disposable Real Money Loss .... Why ???? Pressure different emotions!

Foreign Exchange System

In every country there is a system of foreign exchange rates are determined by the policy adopted by the government of each country.
According to Floyd A. Beam: "... Consider the exchange rate behavior under three different kinds of exchange systems: floating, fixed, and controlled." (Floyd A. Beam 2003: 390-391)
Above opinion states that there are three systems of foreign exchange rates used by the state, namely:
a. Free exchange rate system, in this system there is no government intervention to stabilize the exchange rate. The exchange rate is determined by supply and demand for foreign exchange.
b. Fixed exchange rate system, in this system the government or the central bank of the country concerned to actively intervene in the foreign exchange market by buying or selling foreign currency if the value deviates from the specified standard.
c. Exchange rate system controlled / uncontrolled, in this system the government or the central bank of the country concerned has the exclusive power to determine the allocation of the use of foreign exchange available. Citizens are not free to intervene in foreign exchange transactions. Capital inflows and exports of goods led to the availability of foreign exchange.

Transactions in Foreign Currencies. ( FOREX )

According to IFRSs (1999: 10.2), a transaction in foreign currency is: "A transaction that is denominated or requires settlement in a foreign currency."
Meanwhile, according to Frederick, foreign currency transactions (foreign currency transactions), namely: "Whose Transactions terms are stated in a currency other than the entity's functional currency." (Frederick 2002: 210)
Thus, transactions in foreign currency is a transaction that occurs in different currencies, and requires the completion also in different currencies. Financial Accounting Standards classify transactions that are included in the foreign currency transactions.

According to the Financial Accounting Standards: "foreign currency transactions, including transactions arising when an entity:
a. Buy or sell goods or services whose price is denominated in a foreign currency.
b. Borrowing (debt) or loan (debt) funds are denominated in a foreign currency.
c. Becomes a party to an agreement in foreign currencies that have not been implemented, or
d. Acquire or remove assets, cause or settle liabilities, denominated in a foreign currency. "(Financial Accounting Standards 1999: 10.2)

Componen Price Movement ( FOREX )

It is crucial for a trader is to understand the price movement. Of course, from this understanding, then will conclude on what position to take, how much TP and how SL. For Fundamentalist traders, understand price movements can be done by monitoring news and initial predictions about the market reaction to the news.

As for traders technicalist, understanding price action course refers more to the historical data. Course in accordance with the basic belief that everything happens based on past events and that history always repeats itself, as well as in price movements. For a technicalist, in order to understand these price movements, it is necessary to know the components of the price movement as follows:

Trend - a tendency to move in one direction
Volatility - the amount of periodic fluctuations
Momentum - the rate of acceleration and deceleration
Cycle - a tendency to move in a certain cyclical pattern repeated tendency
Market Strength - the number of transactions to support these movements
Support and Resistance - a tendency to go up or down to a certain level and then vice versa, repeatedly
An understanding of these things is a must to be able to take the right decisions in her trading. No need to worry about where to obtain the data and how to process the data we need. That said, we are really lucky to exist in an era in which all sorts of information from many sources can be processed and presented in real-time so that we can trade with ease plus fun.

We can use the trading platform and software support for the problem of data and processing this data. You can just click to display the indicator you want, which basically provides information about the components of price movements over. No need to worry about how to make these indicators (except like you who really want to make their own custom indicator).

The most important thing is how you understand what is shown by the indicator. There are many indicators that you can use to read the above components. For example, to read the trends, you can use a parabolic SAR, or it could be a family moving average. To voltilitas and momentum, you can use the MACD, RSI and the like. For cycle-resistant and support you can use Fibonacci or pivot. And to the strength of the market, you can see directly in the candlestick.

So, your task is simply to choose and understand aka "communicate" with the indicator, then take the right decision based on your understanding of the data and these indicators. By using a strong base in decision-making, whatever the results we obtained, we can take the benefits. Well, hopefully if profit. Even if the loss, from there we can take that lesson the next time do not happen again making the same mistake.
HOW TO CHOOSE A BROKER The forex broker that you use can significantly affect your trading success. There are two types of forex brokers: market makers and ECNs. But in practice things are not so clear-cut – there are market makers out there who falsely market themselves as not having dealing desks, while there are also some brokers who claim to be true ECNs when they are not. The choice of broker must be an individual decision, because everyone has different needs and preferences. Both new and existing traders should carefully examine the practices and policy contracts of brokers, and be up-to-date with new information on brokers. Below are some points that you might want to consider when selecting a broker. You can use it as a rough guide to narrow down some candidates that match your own needs.
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Forex Trading Is A Serious Business Forex trading must be seen as a serious business, not just a casual roll of the dice or a leisurely pursuit. If you approach trading as a means of getting your dose of adrenaline, do yourself a favour by staying away from it . Serious money demands serious work. Winners from the trading arena take a nononsense approach to trading – they take care of their P&L (profits and losses), enter only into high probability trades and keep meticulous record of all their trades. Both serious and casual traders, of course, dream of making it big in the forex market, but it is not the goal that counts, it is the preparation and dedication that is important. Forex trading should be considered and treated as a serious business, just like other types of businesses. Approaching trading from the perspective of a shrewd business person can greatly tilt your chances of success to your side.
RISK DISCLOUSURE Trading forex involves substantial risk, and there is always the potential for loss. Your trading results may vary. No representation is made that any information in this book will guarantee profits or prevent losses from trading forex. You should be aware that no trading strategy can guarantee profits.
MARKET SENTIMENT The forex market is heavily driven by market sentiment, and it is market sentiment that influences traders’ decisions by triggering certain emotions and thoughts. Find out what defines the current market sentiment, and how you can incorporate market sentiment analysis into your trading.