Jordan Flight 23 Forex Trading Secrets You Should

jeffija6

If we look at closely there's a certain pattern from those four pairs of currency that is Euro/USD and GBP/USD walks the line together and 180 degree from USD/JPY and USD/CHF. If Euro/USD and GBP/USD is going high than the USD/JPY and USD/CHF is going the other way, vice versa.

The numbers above is not fixed but at least when we enter the market we know that we're in the right position. Eventhough this won't guarantee a 100% win.

In trading it is better if we adjust to the condition of the field that day. It is too risky if we try to predict that the price will be bullis or beari
* USD/JPY Daily range average : 80-90 points
Trading forex lasts for 24 hours. If we're in Indonesia, the Australian market starts at 04:00 early in the morning, then the Japanese market at 14:30. Starts next is European market at 20:30 and the last one to open is the American market which will close at 04:30 the next morning.
y think that analyzing forex is hard and filled with mathematical concepts and many is willing to pay millions for market courses so they understand the technical analysis with graphics and so on. But we are confused by ourselves which frame will we choose, single minute, five minutes or daily.
From the phenomena above a conclusion can be taken, that money is traded by top-class speculators like George Soros only on four world main currency. This is to balance the daily volume and price so at the closing stage the currency will be at their average range of high and low.
But things don't always go this way. There's a moment where a currency is on his own and the other at the usual pattern. If this happens than the curruency that is has a stable movement is on its lowest or at its top and the currency has a mature daily range (close to the currency's average daily range).
The way to determine the buy and sell position. Looking at the daily phenomena it is better for us to trade at American time. The first step is to count the price range (high and low) from currency pairs that day. There are four commons currency traded:
The price movement can actually be determined by the movement of each currency pairs. Analysis approach fundamentally with watching close the news is reflected from the price movement. We can read schedule of economic news just to watch it for hours and only waiting for certain news. Close to those times there are possibilities of extreme price changes.

* USD/CHF Daily range average : 120-130 points
Knowing when ther's going to be an extreme price movement we can at least save times and we don't need a whole day to watch the price movements in the monitors, except it is a hobby and doesn't bother you that much.
If we think logically, clear, and ease we will see signals that actually exist but we can't see because there's indicators blur it. KISS = keep it simple stupid, is basic to be implemented everywhere.
* GBP/USD Daily range average : 180-200 points
To be successful in trading there's some principals to follow. When you're trading then you'll have to think as a trader, buy at low price and sell at high price is the number one rule. Whether you're playing stocks, commodities [link widoczny dla zalogowanych], or forex keep the basic traders' principals.
Based on experience, time is very important to the outcome of the trade whether we will win or lose. Mostly the price is going steadily from the morning till afternoon Indonesia time. The ups and downs of the price start when the European market opens. Then when the American market sessions are open, we have a very good chance to gain big profits in short time only if we can position ourselves in a good position.

There's no certain rule that says a pair of currency is easier to trade than the other, every currency have their own chances [link widoczny dla zalogowanych], and it is better for us to adjust to our margin that we have. The Euro/USD and USD/JPY movement is far more stable at range of 100 points and this make the currency safer to be traded with the smallest of our margin compare to GBP/USD and USD/CHF which range in the 200 points.
* EUR/USD Daily range average : 110-120 points