Forex mistakes and sins.

[kanai.lal1]

I would like to make a trader than type one day. I think the best way to negotiate a deal than the shooter, shooter. We believe that it is the best price for the options, all the, what do you think, that he could talk about the setting. If he has dominated my stock price strategies and concepts would have no doubt what you are looking for on the market. "Forex: trading is not easy, as everyone thinks, first learning and learning, discipline, and the difficulties faced by traders in a hurry."

[youngfx]

A Brief Guide to Avoid Common Forex Mistakes

Trading Strategy
This is a guest post by Justin Toladro

When getting involved in foreign exchange (forex) trading, it is important to watch out for common mistakes that even experienced investors find themselves making. Given that forex trading is one of the most unpredictable, volatile activities currently out there for investors, it can be troublesome finding a sure-fire strategy without incurring painful losses. In order to minimize your losses while still maintaining an acceptable level of earnings, consider the following guide to help you achieve success in forex trading.

For one, relying too heavily upon the news can be detrimental to anyone involved in the markets, whether it be forex trading, commodities, day trading, etc. Of course, the whole purpose of decisions made by each country’s central banks is to sooth and stabilize their own respective markets, and the expectations of the public can be a powerful tool in determining the direction of their national economies. However, when you’re in forex trading, you must remember to take a step back and wait for trading to calm down. While this is considered a more conservative investment measure, it can prevent you from suffering heavy losses in the event of a market turnaround.

For instance, look to the Euro. The European Union has been doing what it can to bail out its troubled members- Greece (on its second bailout), Ireland, Portugal- but whenever one problem seems to be solved, another one appears. Despite austerity measures and the EU central bank’s stabilizing actions, more issues, such as France’s credit rating or Spain’s financial solvency- keep throwing the Euro forex trading markets into chaos. This currency alone serves as a solemn reminder of the extreme volatility of forex trading.

Another common problem seen with forex traders is the old “all your eggs in one basket.” Diversity is key to succeeding in investing, no matter where you put your money, so investing more than the average conservative amount, say more than 1% of your capital, into any one currency can spell disaster for your portfolio. If you’re looking for high risk investments with guaranteed returns, then forex trading is not for you. Knowing this before getting heavily involved in these investment practices will prevent you from setting unrealistic goals and getting desperate in the face of disappointment (which can cause traders to continually risk more to regain their losses).

With the unpredictable nature of forex trading, flexibility is a must and remember: if there was one set way to bring in huge returns, then everyone would be doing it and they would all be wealthy. Because this clearly isn’t the case, becoming a “go with the flow” forex trader will help you adjust to the extreme fluctuations in the market and find success through knowledge accumulation instead of trends and unreliable predictions.

This article was written by Justin Toladro from Life Insurance Finder. He blogs about the different types of life insurance policies in Australia, helping individuals and families find affordable life insurance.

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How to Avoid the Top 10 Most Common Forex Mistakes

The most common mistakes made in forex options are the result of the trader not keeping to his budget, not following his strategy and instead of making well researched decisions begins to get emotionally involved in his decisions.

For example a trader who has some success suddenly believes that he can predict forex prices in advance. This is taking fundamental analysis to the extreme. Stick to the economic calendar and study the data that will be announced. Watch interest rates, unemployment numbers and other important economic data and make informed decisions, not predictions.

Relying on science alone won’t make you money. There are hundreds of vendors selling systems based on Gann or Fibonacci claiming that their systems are accurate and foolproof. Don’t believe them. Use Gann and Fibonacci as a part of your technical analysis but not as a scientific method to predict the market.

Many traders believe that using every indicator that exists they have a better chance of making money. By doing this they are over complicating the elements that lead to a signal. Keeping it simple works better and produces more accurate signals. Use 2 or 3 indicators no more.

How many effective forex traders use lagging indicators such as moving averages as leading indicators and wonder why they are losing money. Make sure you know the uses of both lagging and leading indicators.

Losing traders make the mistake of thinking that day trading movements indicate trends. This is not true. Short term price movements are random and trading short term movements as a long term strategy will lose you money.

Don’t be lulled into thinking that the more you put in the more you will take out. Trading is about timing and working smart, not working hard. Learn the forex trade, get a good mentor and trade smart.

Don’t trade a news story after it has been announced. Once announced it is an old story and would have been already discounted in the price.

Many traders fail to read the small print which says ‘simulated in hindsight’ when they buy trading systems on the internet. Don’t touch these systems as the small print means that the track record was manufactured after the events.

Another mistake traders make is to over leverage. Using high leverage such as 400:1 means that you have to take less risk per trade. Lower your leverage to 100:1 and take more risk per trade.

Using stop loss and trailing stops is prudent. However having a stop loss too close to your traded price is risky and you will be taken out by market noise. The same goes for trailing stops. Don’t run them too quickly otherwise you will not make a profit.

[youngfx]

How To Start Trading: Introduction

Filed Under � Day Trading
Trading is an active style of participating in the financial markets that seeks to outperform traditional buy-and-hold investing. Rather than seeking profits from long-term uptrends in the markets, traders look for short-term price moves to profit in both rising and falling markets.

Approaching trading as a business is vital to success because trading is a business. A successful trading business requires a strategic plan that covers your actual business and your actual trading. Your business plan will include things like short and long-term goals, the amount of capital you have available for the business and how you will set up your office. You trading plan includes the details of trading: what you will trade and how you will trade it. Your plan should be so objective and concise that you could hand it over to another trader and they would be able to execute it exactly.

It’s important to understand that your trading plan is not simply a set of rules that you think will work or a list of set-ups that you are somehow fond of, of someone else’s plan. A good trading plan is one that you have researched, tested on historical data, tested in a live market and evaluate at regular intervals.

Successful trading involves more than reading a few articles or books; you should plan on devoting a substantial amount of time and effort before ever placing a trade in a live market. All this research and time may sound daunting, but it is realistic and integral to becoming a profitable, independent trader.

Here, we provide an introduction to help you get started trading.


will post the rest on how to start trading tomorrow watch out for more from me

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MISTAKES THAT FOREX TRADERS MAKE
1. Using Too Much Leverage
One of the biggest advantages of forex trading is the ability to use leverage or trading on margin. One of the most common mistakes that forex traders make is using too much leverage. Using too much leverage is when you have a small account balance, but make a big trade. If the market moves against your position by just a small amount, it can result in large losses. Commonly, the beginning forex trader will get emotional and nervous and close the trade for a sizable loss.
2. Over Trading
Over Trading occurs when traders try to look for trading opportunities that are not really there. It happens to new traders very often, because they just want to trade. The result is usually a poorly executed trade that results in an eventual loss. Over trading can also result in traders making too many trades at once and using too much margin.
3. Picking Tops and Bottoms
Many new traders attempt to try to pinpoint where a currency pair will turn around and start moving the opposite direction. This is something that is difficult even for professional traders.
4. Buying Systems on the Internet
In a desperate search for that 100 percent accurate forex trading systems, traders search tirelessly on the internet trying to find that perfect system. The problem is that it simply doesn't exist. Most of the time, it's just a good way to part with your money and think that it's for a good reason

---------- Post added at 05:00 PM ---------- Previous post was at 04:59 PM ----------

Common Forex Mistakes You Should Avoid



Another 8 forex mistakes you need to avoid:

Mistake #1 – Pursuing impossible returns

Most beginners are captivated with trading for a living on tiny accounts because of leverage in Forex, in which they can trade up to 100 or even 200 times the amount of their money.
However, in reality no one can consistently double up his/her account in a short span of time. Doubling your account in a month is too risky. Sooner or later you will end up losing all your money at once.
The best thing to do is to learn how to trade and protect your money. Pursuing impossible returns leads to failure.

Mistake #2 – Trading Without A Strategy
Trading without a strategy in Forex is like a ticking bomb waiting to explode. It is a surefire way to lose a lot of money. Forex traders must establish rational trading strategies before plunging in, these can be developed through learning and experience. You really need to be rational in your decision-making. It comes from technical studies of charts and through plotting out entry and exit points.
Once you gain an understanding of the market and the forces that play behind it, it will become much better to develop excellent trading strategies to profit from.

Mistake #3 – Using Too Much Margin When Trading
Margin is the use of borrowed money to purchase securities. Many traders make a mistake by seeing margins as free money. Using margins may help traders gain bigger profits. However, it is not advisable especially to beginners because it can lead to heavy losses. Margins should only be used in investments if the trader has the ability and the time to carefully watch over his trades.

Mistake #4 – Pursuing A Magical System
Most people prefer to spend their precious time and money looking for a magical system that would produce money all the time instead of learning the ins-and-outs of Forex trading. Magical systems do not really exist. Many professionals earn money 60-70% of the time since their average win is much bigger than their average loss. This is the reason they end up in making good amounts of money at the end of the year.
Sadly, most beginners fall on the false hopes of some systems that claim to let them earn money every time and double it within a month. It is always best to study the Forex market and develop your own system on it rather than relying on the empty promises of magical systems.

Mistake #5 – Assuming Instant Profits When Trading Currency At Low Exchange Rates
Buying and selling currency when the exchange rate is low does not automatically result in profits. Making trades based solely on the exchange rate should be avoided. There is a reason why the exchange rate is low. Thus, you should do ample research and examine carefully all the factors that are affecting the dropping rate.

Mistake #6– Thinking That You Are Above Everyone Else
There are people who believe that they can be successful in Forex trading because they are better than those who have failed. They think that they can make good money in lesser effort. In fact, many among beginners that lose money in Forex, are well-educated and smart people.
Believing in your skills is good to start with. However, ignoring the difficulty of Forex and assuming that you are better than everyone else is in the same sense as digging your own grave.

Mistake #7– Being Impatient
Beginners often make a mistake thinking that the more they trade the more they will earn. It is not basically the case. You will earn better by doing the right decision of waiting for the high odds trades. There are successful traders who make 200% or more but trades only at around 10 times a year.
If you can’t hold on being inactive for long periods, then you can kiss goodbye on your dreams of becoming successful in Forex trading. If you want to make money in Forex trading, you need to have patience.

Mistake #8 – Blaming Others By Your Own Mistakes
Most people blame their money losses to their broker, their system and everybody they can think of. There is really no one to blame for but yourself. Good Forex traders are those who can acknowledge their own mistakes and are able to learn from them.

[youngfx]

10 Ways To Avoid Losing Money In Forex

The global forex market boasts over $4 trillion in average daily trading volume, making it the largest financial market in the world. Forex's popularity entices traders of all levels, from greenhorns just learning about the financial markets to well-seasoned professionals. Because it is so easy to trade forex - with round-the-clock sessions, access to significant leverage and relatively low costs - it is also very easy to lose money trading forex. This article will take a look at 10 ways that traders can avoid losing money in the competitive forex market. (There are no specifically forex focused programs, but there are still some advanced education alternatives for forex traders. Check out 5 Forex Designations.)

TUTORIAL: Trader's Guide To Forex

1. Do Your Homework – Learn Before You Burn
Just because forex is easy to get into doesn't mean that due diligence can be avoided. Learning about forex is integral to a trader's success in the forex markets. While the majority of learning comes from live trading and experience, a trader should learn everything possible about the forex markets, including the geopolitical and economic factors that affect a trader's preferred currencies. Homework is an ongoing effort as traders need to be prepared to adapt to changing market conditions, regulations and world events. Part of this research process involves developing a trading plan. (For more, check out 10 Steps To Building A Winning Trading Plan.)

2. Take the Time to Find a Reputable Broker
The forex industry has much less oversight than other markets, so it is possible to end up doing business with a less-than-reputable forex broker. Due to concerns about the safety of deposits and the overall integrity of a broker, forex traders should only open an account with a firm that is a member of the National Futures Association (NFA) and that is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a futures commission merchant. Each country outside of the United States has its own regulatory body with which legitimate forex brokers should be registered.

Traders should also research each broker's account offerings, including leverage amounts, commissions and spreads, initial deposits, and account funding and withdrawal policies. A helpful customer service representative should have all this information and be able to answer any questions regarding the firm's services and policies. (Discover the best ways to find a broker who will help you succeed in the forex market. Refer to 5 Tips For Selecting A Forex Broker.)

3. Use a Practice Account
Nearly all trading platforms come with a practice account, sometimes called a simulated account or demo account. These accounts allow traders to place hypothetical trades without a funded account. Perhaps the most important benefit of a practice account is that it allows a trader to become adept at order entry techniques.

Few things are as damaging to a trading account (and a trader's confidence) as pushing the wrong button when opening or exiting a position. It is not uncommon, for example, for a new trader to accidentally add to a losing position instead of closing the trade. Multiple errors in order entry can lead to large, unprotected losing trades. Aside from the devastating financial implications, this situation is incredibly stressful. Practice makes perfect: experiment with order entries before placing real money on the line.

4. Keep Charts Clean
Once a forex trader has opened an account, it may be tempting to take advantage of all the technical analysis tools offered by the trading platform. While many of these indicators are well-suited to the forex markets, it is important to remember to keep analysis techniques to a minimum in order for them to be effective. Using the same types of indicators – such as two volatility indicators or two oscillators, for example – can become redundant and can even give opposing signals. This should be avoided.

Any analysis technique that is not regularly used to enhance trading performance should be removed from the chart. In addition to the tools that are applied to the chart, the overall look of the workspace should be considered. The chosen colors, fonts and types of price bars (line, candle bar, range bar, etc) should create an easy-to-read and interpret chart, allowing the trader to more effectively respond to changing market conditions.

5. Protect Your Trading Account
While there is much focus on making money in forex trading, it is important to learn how to avoid losing money. Proper money management techniques are an integral part of successful trading. Many veteran traders would agree that one can enter a position at any price and still make money – it's how one gets out of the trade that matters.

Part of this is knowing when to accept your losses and move on. Always using a protective stop loss is an effective way to make sure that losses remain reasonable. Traders can also consider using a maximum daily loss amount beyond which all positions would be closed and no new trades initiated until the next trading session. While traders should have plans to limit losses, it is equally essential to protect profits. Money management techniques, such as utilizing trailing stops, can help preserve winnings while still giving a trade room to grow.

6. Start Small When Going Live
Once a trader has done his or her homework, spent time with a practice account and has a trading plan in place, it may be time to go live – that is, start trading with real money at stake. No amount of practice trading can exactly simulate real trading, and as such it is vital to start small when going live.

Factors like emotions and slippage cannot be fully understood and accounted for until trading live. Additionally, a trading plan that performed like champ in backtesting results or practice trading could, in reality, fail miserably when applied to a live market. By starting small, a trader can evaluate his or her trading plan and emotions, and gain more practice in executing precise order entries – without risking the entire trading account in the process.

7. Use Reasonable Leverage
Forex trading is unique in the amount of leverage that is afforded to its participants. One of the reasons forex is so attractive is that traders have the opportunity to make potentially large profits with a very small investment – sometimes as little as $50. Properly used, leverage does provide potential for growth; however, leverage can just as easily amplify losses. A trader can control the amount of leverage used by basing position size on the account balance. For example, if a trader has $10,000 in a forex account, a $100,000 position (one standard lot) would utilize 10:1 leverage. While the trader could open a much larger position if he or she were to maximize leverage, a smaller position will limit risk. (For additional reading, see Adding Leverage To Your Forex Trading.)

8. Keep Good Records
A trading journal is an effective way to learn from both losses and successes in forex trading. Keeping a record of trading activity containing dates, instruments, profits, losses, and, perhaps most importantly, the trader's own performance and emotions can be incredibly beneficial to growing as a successful trader. When periodically reviewed, a trading journal provides important feedback that makes learning possible. Einstein once said that "insanity is doing the same thing over and over and expecting different results." Without a trading journal and good record keeping, traders are likely to continue making the same mistakes, minimizing their chances of become profitable and successful traders.

9. Understand Tax Implications and Treatment
It is important to understand the tax implications and treatment of forex trading activity in order to be prepared at tax time. Consulting with a qualified accountant or tax specialist can help avoid any surprises at tax time, and can help individuals take advantage of various tax laws, such as the marked-to-market accounting. Since tax laws change regularly, it is prudent to develop a relationship with a trusted and reliable professional that can guide and manage all tax-related matters.

10. Treat Trading As a Business
It is essential to treat forex trading as a business, and to remember that individual wins and losses don't matter in the short run; it is how the trading business performs over time that is important. As such, traders should try to avoid becoming overly emotional with either wins or losses, and treat each as just another day at the office. As with any business, forex trading incurs expenses, losses, taxes, risk and uncertainty. Also, just as small businesses rarely become successful overnight, neither do most forex traders. Planning, setting realistic goals, staying organized and learning from both successes and failures will help ensure a long, successful career as a forex trader.

The Bottom Line
The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage. When approached as a business, forex trading can be profitable and rewarding. In summary, traders can avoid losing money in forex by:

Being well-prepared
Having the patience and discipline to study and research
Applying sound money management techniques
Approaching trading activity as a business

[youngfx]

5 Forex Day Trading Mistakes To Avoid

the high leverage game of retail forex day trading, there are certain practices that, if used regularly, are likely to lose a trader all he has. There are five common mistakes that day traders often make in an attempt to ramp up returns, but that end up resulting in lower returns. These five potentially devastating mistakes can be avoided with knowledge, discipline and an alternative approach. (For more strategies that you can use, check out Strategies For Part-Time Forex Traders.) TUTORIAL: Forex

Averaging Down
Traders often stumble across averaging down. It is not something they intended to do when they began trading, but most traders have ended up doing it. There are several problems with averaging down.

The main problem is that a losing position is being held - not only potentially sacrificing money, but also time. This time and money could be placed in something else that is proving itself to be a better position.

Also, for capital that is lost, a larger return is needed on remaining capital to get it back. If a trader loses 50% of her capital, it will take a 100% return to bring her back to the original capital level. Losing large chunks of money on single trades or on single days of trading can cripple capital growth for long periods of time.

While it may work a few times, averaging down will inevitably lead to a large loss or margin call, as a trend can sustain itself longer than a trader can stay liquid - especially if more capital is being added as the position moves further out of the money.

Day traders are especially sensitive to these issues. The short time frame for trades means opportunities must be capitalized on when they occur and bad trades must be exited quickly. (To learn more on averaging down, check out Buying Stocks When The Price Goes Down: Big Mistake?)

Pre-Positioning for News
Traders know the news events that will move the market, yet the direction is not known in advance. A trader may even be fairly confident what a news announcement may be - for instance that the Federal Reserve will or will not raise interest rates - but even so cannot predict how the market will react to this expected news. Often there are additional statements, figures or forward looking indications provided by news announcements that can make movements extremely illogical.

There is also the simple fact that as volatility surges and all sorts of orders hit the market, stops are triggered on both sides of the market. This often results in whip-saw like action before a trend emerges (if one emerges in the near term at all).

For all these reasons, taking a position before a news announcement can seriously jeopardize a trader's chances of success. There is no easy money here; those who believe there is may face larger than usual losses.

Trading Right after News
A news headline hits the markets and then the market starts to move aggressively. It seems like easy money to hop on board and grab some pips. If this is done in a non-regimented and untested way without a solid trading plan behind it, it can be just as devastating as placing a gamble before the news comes out.

News announcements often cause whipsaw-like action because of a lack of liquidity and hair-pin turns in the market assessment of the report. Even a trade that is in the money can turn quickly, bringing large losses as large swings occur back and forth. Stops during these times are dependent on liquidity that may not be there, which means losses could potentially be much more than calculated.

Day traders should wait for volatility to subside and for a definitive trend to develop after news announcements. By doing so there is likely to be fewer liquidity concerns, risk can be managed more effectively and a more stable price direction is likely. (For more on trading with news releases, read How To Trade Forex On News Releases.)

Risking More Than 1% of Capital
Excessive risk does not equal excessive returns. Almost all traders who risk large amounts of capital on single trades will eventually lose in the long run. A common rule is that a trader should risk (in terms of the difference between entry and stop price) no more than 1% of capital on any single trade. Professional traders will often risk far less than 1% of capital.

Day trading also deserves some extra attention in this area. A daily risk maximum should also be implemented. This daily risk maximum can be 1% (or less) of capital, or equivalent to the average daily profit over a 30 day period. For example, a trader with a $50,000 account (leverage not included) could lose a maximum of $500 per day. Alternatively, this number could be altered so it is more in line with the average daily gain - if a trader makes $100 on positive days, she keeps losing days close to $100 or less.

The purpose of this method is to make sure no single trade or single day of trading hurts the traders account significantly. By adopting a risk maximum that is equivalent to the average daily gain over a 30 day period, the trader knows that he will not lose more in a single trade/day than he can make back on another. (To understand the risks involved in the forex market, see Forex Leverage: A Double-Edged Sword.)

Unrealistic Expectations
Unrealistic expectations come from many sources, but often result in all of the above problems. Our own trading expectations are often imposed on the market, leaving us expecting it to act according our desires and trade direction. The market doesn't care what you want. Traders must accept that the market can be illogical. It can be choppy, volatile and trending all in short, medium and long-term cycles. Isolating each move and profiting from it is not possible, and believing so will result in frustration and errors in judgment.

The best way to avoid unrealistic expectations is formulate a trading plan and then trade it. If it yields steady results, then don't change it - with forex leverage, even a small gain can become large. Accept this as what the market gives you. As capital grows over time, the position size can be increased to bring in higher dollar returns. Also, new strategies can be implemented and tested with minimal capital at first. Then, if positive results are seen, more capital can be put into the strategy.

Intra-day, a trader must also accept what the market provides at different parts of the day. Near the open, the markets are more volatile. Specific strategies can be used during the market open that may not work later in the day. As the day progresses, it may become quieter and a different strategy can be used. Towards the close, there may be a pickup in action and yet another strategy can be used. Accept what is given at each point in the day and don't expect more from a system than what it is providing.

Bottom Line
Traders get trapped in five common forex day trading mistakes. These must be avoided at all costs by developing an alternative approach. For averaging down, traders must not add to positions but rather exit losers quickly with a pre-planned exit strategy. Traders should sit back and watch news announcements until the volatility has subsided. Risk must be kept in check, with no single trade or day losing more than what can be easily made back on another. Expectations must be managed, and what the market gives must be accepted. By understanding the pitfalls and how to avoid to them, traders are more likely to find success in trading.

[youngfx]

Common Forex Mistakes To Avoid
When getting started in forex market trading, there are some forex mistakes to be avoided. Given below is the list of some of the common mistakes in forex market which can be avoided. Take a look at the below information as it will also help you make profit from forex market trading.
Day Trading

Day trading in forex market is probably one of the most common forex mistakes online made by many traders. It is really very difficult, if not impossible to interpret the leading indicators. This results in a situation where it is more likely that traders will lose their investments.

These types of common forex mistakes can be avoided. All you need to understand is that little fluctuations happen all the time and it is better to forecast about future by analyzing events and knowing which market event can indicate an occurrence of spike in near future.
Constant Trading Wins

it is another misconception which leads to forex mistakes and costs highly to a forex market trader. One should clearly understand the fact that the winning moments in forex market do not present itself on a weekly or daily basis. These are few and far in between. In the mean time, to avoid these forex mistakes a trader should simply look for when these best moments are about to happen and ensure that to place a bid when it happens. Although smaller profits can certainly be earned at other times, however they will be quite nominal.
Predicting the Forex Market

This is another one of the most common mistakes in forex market made by many investors. In order to predict the forex market, too many actual factors need to be taken into consideration. The safe approach is to simply keep an eye on when these positive market fluctuations are starting in the forex market and jump on for the ride to make profit. The important thing to do here is exit the trades before it starts losing momentum and you are in the position to trade the earned pips in for cash.
Forex Trading Is Easy

Another often done, one of the common forex mistakes. Many people think that trading forex is an easy business. However, the reality is that it requires proper learning to process to know each and everything about how to trade in forex market. Because trades think it is easy, they often jump in before they are actually ready and this results in loosing lot of money unnecessarily. To avoid these kinds of forex mistakes, it is important to practice longer and ensure that your system works on a continued basis before real money gets involved.
Decision based on Emotions

No doubt, trading in a forex market provides great opportunities to make some extra money. However, to be successful in forex trading, it requires discipline and proper learning to know how to trade forex. There is absolutely no role of emotion in it. Therefore it is important to watch over those emotions which are often so easily swayed. Avoid these common mistakes in forex market by controlling your emotions and learn proper forex trading with practice and hard work so that it turns out to be profitable for you.

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Can You Predict The Forex Market?
This topic presents the experts view on the question’ can you predict the forex market and the ways to predict the forex market, if any. Well, like any other form of trading, the forex market trading, the investors are always in search of finding ways to predict the forex market trends such as the dips, bubbles and so on. We can say that the massive technological developments and automated forex trading tools can help in predicting the forex market to an extant.

Can forex market be predicted? The major players of forex market would like to say yes it is. However, the reality is that there are very few chances where one can predict the future market. There are no such tools and mechanism which has a constant and consistent record of predicting, and acting to, the major currency markets. The expert forex market traders who invested in the markets during the economic turbulence of the last decade have had opportunities to demonstrate their knowledge and prediction skills, and very few have been able to on any impressive level. Sure, there have been ups and downs, but very few people have stuck to a clear constant upwards trajectory over a very long-term period.

You must be wondering what all this mean to a simple forex trader. Well, it means that market prediction is not something that should eat up a great deal of your time. The forex market trading forums are ripe with self proclaimed experts forex traders bursting at the seams to share their next big prediction. There is nothing wrong in spending time on it, but when it becomes your investment information, something is going severely wrong. The best thing is to give enough time to allow predictions due however never let them shape your long term investment forex trading strategy.

The question still remains the same can you predict the forex market? Well, we can say that an effective strategy which can be employed to predict future trends in the forex market is to look at potential predictions and completely short-term, isolated events. Other thing which is equally important is to find out why the markets change, how they change, and how and when they will recover. This is one-way to predict the forex market. A trader with practice and experience in forex market gets a great deal of knowledge about the future trends and he can predict these to an extent.

[crestex1122]

in forex trading a little mistake kill your trading account so avouid mistakes and start trading after learning it well when you are able to get profit then start trading in real account andget unlimited profit inshort time.

[amigos27]

Errors in acting must have landed on all traders, just how the merchant does not make it to her repeatedly. because if it is not too often we get the rule out most or even all of us out without remaining investments.

[bilal02]

mujhay yae kam kartay abhi 2 din hoay hain or mere khayal main forex main galti or gonah sirf or sirf isi sorat main ho sakta hay kay kisi ki likhi hoi bat ko copy karna or kanhen say bhi copy karna jis say galti kay chance hain dosron ki raye ko parh kar apnay zehan main jo aye wo lekho jis say koi ghalti nahi hoti or koi chance bhi nahi hain ap us swal ko har jaghan dhondo or parhanay kay bad jo zehan main aye wo lekho to koi galti nahi hoti

[perubahan_kita]

Traders very often use the method or system that can never work.

Here are some examples:

day trading

Are popular but you will NEVER win.

All short term volatility is random - so you can not get the odds in your favor and lose.

Appliance of Science

Many traders think the market is moving with scientific accuracy and cycle use Fibonacci numbers t or they do not work and never will be, but traders are still using them.