So many missed trades
Posted Tue Jan 05, 2010 at 2:53 am by trendme
While one trader may only trade a few of these currencies, I will trade any currency pair. I do have my favorite and I do trade certain pairs more often then others because of the spread rates or volatility, but I will not limit the number of opportunities by only looking at a few currency pairs. Just like stocks and commodities, we have investment choices, so make some choices. While Stock Market Investors buy stocks thinking that the value will rise, we have the choice of picking either Up or Down in the Forex market. Money flows from one currency into another, so as long as money is circulating, there are trading opportunities.
The final decision to trade or not to trade, is ultamately the setup. What is a perfect setup? Well, the most sought out for trade is obvisously a trade that trends. And most people have adapted the behavior of preferring to Buy and go Long than, Sell and go Short. I prefer to sell, because when a good sell off happens, it will take place faster than the gradual up hill trending battle.
The final decision to trade or not to trade, is ultamately the setup. What is a perfect setup? Well, the most sought out for trade is obvisously a trade that trends. And most people have adapted the behavior of preferring to Buy and go Long than, Sell and go Short. I prefer to sell, because when a good sell off happens, it will take place faster than the gradual up hill trending battle.
Total Comments 1
Comments
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depends on the pair. eurusd for example tanks and rises the same unless there is some crazy fiscal news. the thing is long or short is short or long on the other currency so its always a bullish move on someones behalf. really in the end is it easier to look at a chart as it climbs or falls. and that I think falls to the person who sees the glass half full or half empty.Posted Tue Feb 02, 2010 at 12:01 am by Dracozny
