FX Trading is "Waiting"
FX Trading is "Waiting"
“FX Trading is waiting” Let’s face it, trading while exciting at sometimes is quite a lot of hurry up and wait. When I took my first trading mentorship, my mentor said “fx trading is waiting”. At the time I thought he was just having a frustrating day. I now know what he meant after 20 years of trading myself. Most of the time as forex traders we are waiting for something. Waiting for a market to set up, waiting for our limit order to be filled. Waiting for the move to get going, then waiting for it to “complete”. Or if it goes the other way waiting to get stopped out. Then it starts over again with waiting for the set up. So the majority of our time is passively sitting and waiting for something to happen. This is not easy for the new forex trader to deal with as when they start they almost surely expect lots of “action”. So after the initial rush of those first few trades is long gone you too will understand what is meant by the words “fx trading is waiting.”
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To learn more about FX Trading, Technical Analysis, and Technical Indicators, visit with Derek Frey daily and weekly as he shares his Weekly Forex Market Updates and sage advice!
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Forex Market Volatility
Forex Market Volatility
Forex markets that are manipulated by governments, with the best of intentions of course, historically serve to create the very thing they are trying to fight, Volatility.
Forex markets have seen huge increases in volatility over recent years. Princess Leia in Star Wars said it best when she said to Darth Vader: “ the more you tighten your grip the more the rebellion will slip through your fingers.” The same could be said to our governments around the world today. They are desperately trying every trick in the book and has any of it gotten Forex market volatility to calm down? Not at all, in fact market volatility is still trending higher. So while they may have the best of intentions, a quick look at history will show that it is government interventions that cause things to get worse and only after the people are fed up will we see the changes that are so desperately needed.
I would just like to call attention to this fact now so that a few years from now I can come back and reference this. As in time, it will become obvious that no one can spend money they do not have.
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To learn more about FX Trading, Technical Analysis, and Technical Indicators, visit with Derek Frey daily and weekly as he shares his Weekly Forex Market Updates and sage advice!
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