Forex Trader

The problem that most would be currency traders encounter is a lack of proper documentation. Most books deal with macro economic theories. If you want to study economics it is better to enroll in a university course. In the real world with the knowledge and $ 10 you can buy a meal. The real world is inhabited with real people. And real people eat little geeks for breakfast. Welcome to a world of currency exchange.

The figure above is a daily candle chart for EUR / USD over a period of six months. As we can see from the list in early April 2007, EUR / USD was trading at about 1.34 and mid-September 2007 is sold at 1.40. It is near a six-point change in two months. It does not look very impressive, right?

We will now be aware of T1 .. T5 arrows that appear on the map. They represent five different short-term trends that have occurred in the period of six months. Using the correct transmission of catch any of these movements for several days had more than doubled our account. Take two of them would have quadrupled our initial starting capital. Is it realistic to expect to turn the five trends above example? It is not realistic at all. But the capture of two or even three of them are certainly within our reach.

Two completely opposite "schools of thought" dominate the public today when it comes to financial markets. Some of the literature recommended by types of education: most economic, finance and mathematics teachers. They will tell you that "markets are efficient and there is zero chance of an individual to outperform a liquid financial market in the long term. Sure, the guy with no academic jobs soft real world or business experience will tell you that you have no chance of success. You must continue to work your day job just so they have someone to make their sandwich or change the oil in their car. Those who subscribe to this theory usually choose to remain outside the financial markets and keep their money hidden in their mattresses.

So the problem that most would be currency traders encounter is a lack of proper documentation. Most books deal with macro economic theories. If you want to study economics it is better to enroll in a university course. In the real world with the knowledge and $ 10 you can buy a meal. The real world is inhabited with real people. And real people eat little geeks for breakfast. Welcome to a world of currency exchange.