The Forex Market is Forever Right
People who are arrogant and complacent do not enter into Forex trading
People who are too self-confident do not enter into Forex trading
People who do not admit mistake do not enter into Forex trading
To understand the essence of these phrases, first of all is to understand how the Forex markets trend being formed. Forex traders should keep in mind that the Forex market is being formed through a buyer and a seller when someone wants to buy and sell at a particular price, that represents this price is the market approval price. It does not matter whether this price is being approved by a well-known analyst, it also does not matter whether this price is being approved by the President of the Central Bank.
Remembers, as long as there is a transaction, the price will be the correct market price, it does not matter how fast it goes or even jumps in 1 minute spatial several hundred, as long as there is a transaction, the price will always be the correct market price. But the majority Forex traders often could not accept that according to the technical analysis, how the market could fall in a sudden.
In other words according to the fundamental analysis, the economical numeral of this currency is very good, how could it fall until a certain price? Certainly it was a mistake created by the market. By giving more patients, it will return to its fundamental price. Thereupon the concept to buy at a low price has become a pushing hand for the Forex traders to enter the market without market price. Such "bad behavior" has created a pitiful destiny for a loser forever.
Was sure to remember that, only by admitting our mistake and then immediately "stop loss" and then wait for the right moment to come again. We have seen a Forex trader made mistake and being reminded to stop loss. But, without second thought, he picked up the phone and increased the amount of transaction. In the end, you can imagine that, it did not take long time for him to loss all his balance and ran away.
Finally, a skillful analyst repeatedly said, that "the road of investment is the road of admitting mistakesâ€, only by admitting mistakes continuously then only successful result can be achieved.
People who are too self-confident do not enter into Forex trading
People who do not admit mistake do not enter into Forex trading
To understand the essence of these phrases, first of all is to understand how the Forex markets trend being formed. Forex traders should keep in mind that the Forex market is being formed through a buyer and a seller when someone wants to buy and sell at a particular price, that represents this price is the market approval price. It does not matter whether this price is being approved by a well-known analyst, it also does not matter whether this price is being approved by the President of the Central Bank.
Remembers, as long as there is a transaction, the price will be the correct market price, it does not matter how fast it goes or even jumps in 1 minute spatial several hundred, as long as there is a transaction, the price will always be the correct market price. But the majority Forex traders often could not accept that according to the technical analysis, how the market could fall in a sudden.
In other words according to the fundamental analysis, the economical numeral of this currency is very good, how could it fall until a certain price? Certainly it was a mistake created by the market. By giving more patients, it will return to its fundamental price. Thereupon the concept to buy at a low price has become a pushing hand for the Forex traders to enter the market without market price. Such "bad behavior" has created a pitiful destiny for a loser forever.
Was sure to remember that, only by admitting our mistake and then immediately "stop loss" and then wait for the right moment to come again. We have seen a Forex trader made mistake and being reminded to stop loss. But, without second thought, he picked up the phone and increased the amount of transaction. In the end, you can imagine that, it did not take long time for him to loss all his balance and ran away.
Finally, a skillful analyst repeatedly said, that "the road of investment is the road of admitting mistakesâ€, only by admitting mistakes continuously then only successful result can be achieved.
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