tailieunhanh - Guide Trading Forex on Five Hours a Week_3

Tham khảo tài liệu 'guide trading forex on five hours a week_3', tài chính - ngân hàng, đầu tư chứng khoán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | CHAPTER 7 Around the World Effective order entry will allow you to walk away 2006 . The Forex Market. All Rights Reserved. Let s preface this next discussion with the fact that many of us have attended one of the many traveling shows that come to our town talking to us about forex trading and the wonderful world of this 24-hour market. If you are expecting me to bash these I m not. If you were introduced to this market by some such presentation well then that was worth your time and you had the knowledge to go out and seek more knowledge which no matter who it comes from can be a valuable gift if you know what to do with it. If you bought the course software book DVD 73 74 FOREX ON FIVE HOURS A WEEK whatever I m quite certain no one put a gun to your head. So let s move on. It s a fresh start. Two of the most compelling features of the forex and the ones most touted are the 24-hour trading time of the foreign exchange and the fact that it is the largest market in the world. Both in fact are true but exaggerated. How about the fact that there is always a bullish market in the forex Also true but you need to find the pair that is trending higher. If you were to ask me what the biggest misconception most traders have about this market the one thing that is completely overused and misunderstood it s that this market trades 24 hours a day. Now what a minute Raghee you just said that was true And you re right I did. But let s clarify right now all 24 hours are not created equal. WHO S AWAKE This is the first question to ask before you put on a trade before you begin your analysis and is a key to understanding follow-through and order entry. This was not necessarily a common train of thought for those of you who are making the transition to the forex market from the futures or stock market as I did back around 1999-2000. We knew when the market opened and closed heck they rang a bell to let us know We knew what was an illiquid pre- and post-market and we know