Wednesday, June 28, 2006
Learn online forex trading - Shhhhhhhhh the market is quiet..Why??
Learn Online Forex Trading - The market is unusually quiet....
Yes, the forex trading market is unusually quiet for the past 2 days.. Why??
Lets go through the dynamics of the forex trading market..
Phase 1 -
The forex trading market's direction is driven by the fundamental news primarily. So, lets say that US federal bank says that its going to hike interest rate..This means that USD will get stronger as more interest will be earned on USD..So, people will start converting their currencies to USD.
Phase 2
When this happens, we traders will start using technical analysis to find opportune time for entry in online forex trading and also finding a suitable exit point.
So, basically this ensures that trades are in place and market is in motion and starts trending..
Phase 3
Now, when the impact of the fundamental news is about to subside, the market starts going in range as all the online forex trading is happenning through technical analysis.
Phase 4
Later on the markets range starts narrowing and after some time the technical analysis will also not work..
However, in between these phases, a fundamental news will come and the market will start trending again..And then this cycle continues.
However, what happens when online forex trading market reaches phase 4 and no fundamental news is coming??
Thats what is happenning right now..The market is much more than quiet..
So, when will market be in motion again?? Yes, you guessed it right..When another fundamental announcement will come..Before that no one is going to make an online forex trade and take a risk.
But, check when the markets come into motion again..there are eager weager traders all across the world who are just waiting for market to come into motion again. Once it happens, it will start trending strongly again.
So here is my suggestion..
DON'T DO ANY ONLINE FOREX TRADING TILL 9:30 AM TOMORROW.
Why?? Because from 8:30 AM to 9:00 AM, some important fundamental announcements are going to come including FOMC rate decision..
But, do start analysing the trend later on and identify entry and exit points for your next online forex trading.
Thats all in today's message..Do visit tomorrow again to learn more in online forex trading.
Yes, the forex trading market is unusually quiet for the past 2 days.. Why??
Lets go through the dynamics of the forex trading market..
Phase 1 -
The forex trading market's direction is driven by the fundamental news primarily. So, lets say that US federal bank says that its going to hike interest rate..This means that USD will get stronger as more interest will be earned on USD..So, people will start converting their currencies to USD.
Phase 2
When this happens, we traders will start using technical analysis to find opportune time for entry in online forex trading and also finding a suitable exit point.
So, basically this ensures that trades are in place and market is in motion and starts trending..
Phase 3
Now, when the impact of the fundamental news is about to subside, the market starts going in range as all the online forex trading is happenning through technical analysis.
Phase 4
Later on the markets range starts narrowing and after some time the technical analysis will also not work..
However, in between these phases, a fundamental news will come and the market will start trending again..And then this cycle continues.
However, what happens when online forex trading market reaches phase 4 and no fundamental news is coming??
Thats what is happenning right now..The market is much more than quiet..
So, when will market be in motion again?? Yes, you guessed it right..When another fundamental announcement will come..Before that no one is going to make an online forex trade and take a risk.
But, check when the markets come into motion again..there are eager weager traders all across the world who are just waiting for market to come into motion again. Once it happens, it will start trending strongly again.
So here is my suggestion..
DON'T DO ANY ONLINE FOREX TRADING TILL 9:30 AM TOMORROW.
Why?? Because from 8:30 AM to 9:00 AM, some important fundamental announcements are going to come including FOMC rate decision..
But, do start analysing the trend later on and identify entry and exit points for your next online forex trading.
Thats all in today's message..Do visit tomorrow again to learn more in online forex trading.
Comments:
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Hi,
I'm trying to get your feed to my RSS reader but it's saying there is a syntax error in your html
I'm trying to get your feed to my RSS reader but it's saying there is a syntax error in your html
# posted by 
: 9:38 PM
: 9:38 PM
What Forex trading website do you use? I have searched on Google and there are just so many, how do I know what is a good one from a bad one?
Thanks
Thanks
# posted by : 4:36 AM
: 4:36 AM
what exactly are you looking for - alert service, courses, advice, broker, ????
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# posted by : 11:32 PM
: 11:32 PM<< Home
