Friday, March 18, 2016

What takes to make money in forex!

We are programmed to be competitive and defend our opinion and notion.Our society teaches us to be like that too,more or often thats a good indication,healthy competition is  not a bad thing,but in trading all our common human behavior seems to work against us.The more we try to compete with the market ,more we try to defend our opinion ,we will dig hole for us.
In trading, only logic prevail,emotion has no place in math but think of us, without emotion is like,fish without water,emotion is a huge part of our life.Emotion makes our life beautiful,
So is it  impossible to ask a trader to trade like robot or some of us robot like, very less emotion only logic dictate their life.

Thursday, March 17, 2016

Few trades from my forex trading

Most of my trades based on market supply and demand imbalance ,in a certain market condition the number of buyers and sellers should be equal.This is the nature of the trading,but when the underlying supply and demand for the particular currency changes dramatically ,we see the market movement either up or down.That makes trading more of a waiting game for me.