tailieunhanh - Forex Trading Using Intermarket Analysis_6

Tham khảo tài liệu 'forex trading using intermarket analysis_6', tài chính - ngân hàng, đầu tư chứng khoán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | trade secrets in intermarket analysis and the power of neural networks as pattern recognition and forecasting tools. Figure . VANTAGEPOINT ACCURACY FIGURES FOR EACH MARKET. NO METHOD CAN PREDICT MARKET MOVEMENTS WITH 100 ACCURACY BUT VANTAGEPOINT S NEARLY 80 ACCURACY RATES FOR SHORT-TERM FORECASTS PUT PROBABILITIES ON THE TRADER S SIDE AND IMPROVE THE ODDS OF TRADING SUCCESSFULLY. Source Market Technologies LLC 70 TECHNICAL TACTICS FOR TRADING FOREX Once you understand the basics of trading in the forex market know some of the fundamental factors that affect it and are familiar with various technical analysis approaches briefly discussed earlier in this book including different technical indicators that help identify trend and momentum the next big step is to move from theory to practice. It may seem like this should be an easy process but the fact is that it isn t for many if not most novice traders. Putting all of the pieces together about how the financial markets function and learning the nuances of trading as well as formulating a coherent and sound trading strategy can be an insurmountable challenge for new traders. Let s face it. If it were really as easy as some would suggest every new trader would become a self-made millionaire overnight. But that s not the case. 7 1 trade secrets FLOW LIKE A RIVER So your first practical task is to develop your own personal mindset for trading with which you can be comfortable. Fortunately for forex traders this might come a little bit easier than for other traders because forex traders may already be more familiar with speculating on fluctuations in currency values. Then you have to decide what sort of trader you want to be. There are trend-followers contrarians day traders position traders buy-and-hold investors etc. Each approach has its own positives and negatives. Some may have more viability and appeal to you than others depending on your risk propensity available speculative capital .