18 November 2009

4 facts about the movement of prices in the Forex

You want to make a profit with online Forex trading currency? Then you need to know why prices in the Forex are in motion. Price movements in the Forex is conditioned by millions of reasons, but you need to know the most basic facts about the movement of prices in order to understand the nature of profit:

1. Movement of prices is unpredictable. Those who believe they can predict it in advance, are mistaken. If you are trying to do this, then you can not predict the price you are hoping or guessing, and it will lead you nowhere. But the fact that you can not predict prices, does not mean that you can not make a profit.

2. Software for the calculation of price behavior does not work.You meet a lot of programs, which the developers claim that the program uses mathematics to predict price movements. But if the market is not possible to predict how this will help mathematics?

3. Variability in the market in a short period of time, chance, and the lines of resistance are not acting in the short term. If you decide to start scalping the market and to short-term trading, it is likely that all the odds are against you.

4. Market Forex - a market probabilities, not certainties.



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