Many businesses in today's world must do currency conversions to survive. WalMart, GM, even your mortgage bank may be moving millions of dollar per day through the world currency market, Forex. Trading stragies for Forex Traders involve finding consistent marker points where the charts of trading action give signals for "breakouts."
Breakouts are places where, as a result of anything from weather patterns to politics, a sudden shift is required to rebalance the currencies. The US Dollar may be go or down against the Japanese Yen differently than it moves up or down against the Euro.
Changes in the pricing, volume, timing all show up on the right kind of charts. Inside Wall Street these charts can be read to give perpetual profits of millions per day, no matter what "the economy is doing" at a local level.
The Sublime Forex Champions--those guys who in the 80s were called the "Masters of the Universe" are the ones who know they will get signals on the breakouts. Those signals get traded, in and out, while the broad movements of currency trading go on by themselves.
When the The Sublime Forex Champions devote that serious 15 minutes a day to looking for breakout signals, and extra $600-$1200 profit is on its way to being made. Executing a trade with confidence takes away the stress and confusion that Forex Traders often complain about.
When something happens in world finance --such as the German government taking control of a large mortgage bank without having underlying economic health to handle the pressure-- "asymetry" between the mark and the British Pound or US Dollar will result. Even without spending 20 hours a day reading financial news and watching TV, within a day or so the "breakout signal" will show on the charts, as the early movers respond to the problem. By trading along with them, and also learning the "exit signals" as much as 320 pips per transaction end up staying in your Forex trading account. The billionaires never miss it. The big banks are glad the extra traffic was in the market. And your bank account ends up thanking you.
In equities trading there is an old saying, "the trend is your friend," but that's only true when you are at the front of the trend. In equities trading, almost all the time, meaningless paper is being traded for real cash. And whenever the Sublime Champions, those Masters of the Universe desire to, your common stock crashes.
Currencies cannot have that happen. There may be sudden changes in currency values, but as long as world commerce continues, there will be a hot market for any currency. Having the right charting software gives confidence that you will be following along with those who never lose money, no matter which way the "markets" are going.
Source: Forexarticlecollection.com
Breakouts are places where, as a result of anything from weather patterns to politics, a sudden shift is required to rebalance the currencies. The US Dollar may be go or down against the Japanese Yen differently than it moves up or down against the Euro.
Changes in the pricing, volume, timing all show up on the right kind of charts. Inside Wall Street these charts can be read to give perpetual profits of millions per day, no matter what "the economy is doing" at a local level.
The Sublime Forex Champions--those guys who in the 80s were called the "Masters of the Universe" are the ones who know they will get signals on the breakouts. Those signals get traded, in and out, while the broad movements of currency trading go on by themselves.
When the The Sublime Forex Champions devote that serious 15 minutes a day to looking for breakout signals, and extra $600-$1200 profit is on its way to being made. Executing a trade with confidence takes away the stress and confusion that Forex Traders often complain about.
When something happens in world finance --such as the German government taking control of a large mortgage bank without having underlying economic health to handle the pressure-- "asymetry" between the mark and the British Pound or US Dollar will result. Even without spending 20 hours a day reading financial news and watching TV, within a day or so the "breakout signal" will show on the charts, as the early movers respond to the problem. By trading along with them, and also learning the "exit signals" as much as 320 pips per transaction end up staying in your Forex trading account. The billionaires never miss it. The big banks are glad the extra traffic was in the market. And your bank account ends up thanking you.
In equities trading there is an old saying, "the trend is your friend," but that's only true when you are at the front of the trend. In equities trading, almost all the time, meaningless paper is being traded for real cash. And whenever the Sublime Champions, those Masters of the Universe desire to, your common stock crashes.
Currencies cannot have that happen. There may be sudden changes in currency values, but as long as world commerce continues, there will be a hot market for any currency. Having the right charting software gives confidence that you will be following along with those who never lose money, no matter which way the "markets" are going.
Source: Forexarticlecollection.com
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