Foreign Exchange Market
With the forex markets pretty much covering most of the Globe, the news or fundamental events that affect the short term and long term price movements are many. Trading the news on a short term basis can be easy and lucrative if the trader is disciplined enough to cut losses, and accumulate profits, but panic and mood swings, and undisciplined methodology will quickly erase all the gains through shocks and volatility.
While such large and sharp price swings can result in substantial and quick profits, they can also mean large losses can accrue quickly, so be sure to use prudent position sizing depending on your personal risk tolerance if you intend to trade on news releases.
As the exchange rate chart for EUR/USD depicted in Figure 1 shows, this disappointing release caused a rapid and substantial depreciation of over two big figures in the U.S. Dollar versus the Euro shortly after its announcement on financial news wires.
The bottom line is that you never really know how the market will react to any particular news event, and trying to guess what the market will do based on some economic news release is not a definable or effective edge, it’s basically a blind gamble.
For example if I use skill to transfer money from my trades to my bank a/c ,the name of the company banks will found skrill There is no possible way skrill will leak info that it was forex money and they ask us we simply can say it from the services i provided from freelancing ,blog, affiliating etc.
Apart from that if you are saying that I want to simply invest in forex, then of course you can, In some countries the Forex trading is not legalized, so its better for you to be citizen of a country where government authorizes it or regulated by any exchange.
The $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities.
Ever since I ran into your videos on YouTube on price action I stopped looking at everything else, fundamentals, news, indicators etc… Its only because of this that I was able to stay and wanted to stay in Forex trading since your method made things so, so simple to understand and follow.
This means, that a leading indicator could put you in the market in advance of the potential move, Keep in mind that even though leading indicators can get you into a trade at the beginning of a new leg, many times you can and will get false signals along the way.
It took a very prominent forex market maker specialist – in fact the one currently with the highest net capital according to the CFTC reporting – about two months to figure out that they have a bunch of hooligan traders on their hands that could cause them serious damage.
It is also going to be beneficial for you to open up a demo trading account at one of our handpicked Forex Brokers for once you have mastered the art of using their respective trading platforms and have understood and got first-hand experience at placing several different Forex trades you will then be bale to claim a bonus when you switch your demo account over to a real money account.