Hello friends,
This is my first post in this Forex (foreign exchange) blog and I will share my experiences with forex spot trading. My teacher used to say that if you are passionate about something and you practice it for 20 minutes a day - you will eventually become master of it. I do not claim myself as any master or somewhere even near to the intricacies of foreign exchange market. However, all I know is that over the last four years of looking at candle stick charts and listening to the experts, I am some what better that where I was four years back.
I got interested in forex (year 2008) after I saw the graphs and curves being analysed by one of my friend. Just for fun sake, I thought that these graphs and curves look more like a regular EKG patterns, which I used to look in any cardiac patient. However, more and more I did deep dive into them, the more complex they started appearing. The major difference between cardiac EKG and Forex charts was that EKG can be pretty much predictable, but forex charts need much more non-physiological decision points to understand any possible prediction. The rules in forex charts are data as well as heard mentality driven. By heard mentality, I mean the psychology of global traders and these may be individual traders like you or me working from their home offices or institutional traders working with very complicated software and with teams of highly trained personnel. Eventually to some extent these forex charts (graphs and curves) started to talk a little bit to me. In my future posts; I will start with discussing some tips and basics of forex and in the process will teach myself and create benefit to my trader or incoming new trader friends.
Thanks for visiting and I will try to put in at least one post every day on my dear "forex" blog.
No comments:
Post a Comment