This second article of A Brief Lesson About Forex .
Fundamental analysis is closely related to the news that appears related to certain currency . You can not just ignore fundamental news , because there was one time , your account may be broken because of fundamental news . Movement when forex fundamental news released , the shock waves will usually happen quite high . To understand the fundamental analysis , you can read the article titled Utilizing Trading News . In the article explained about any news that may affect the movement of the currency pairs will you trade.
Technical analysis is more to the indicator forex made mathematically based on data from market movements at a certain period with a specific formula to produce a chart that gives the projection subsequent market movements . These indicators have different functions depending on the algorithm of manufacture . The technical principle related to the trading system . For novice traders is quite difficult process because there are many components that need to be studied . Examples of technical analysis that is commonly available in many MT4 brokers , such as Moving Average , Parabolic SAR , Retrachment Fibonacci , Indicators Zig -zag and many other indicators .
Trader psychology , in addition to fundamental analysis and technical analysis , the psychology of a trader also take part in determining the pros and cons in taking a decision . You can learn how to be successful trader to control his emotions , which is the key to your trading success . The article discusses the psychology you can read in the article titled A Trader Psychology . once you can understand it and dampen the emotions and controlling turbulent passions in you , I believe that you have been able to compensate for the movement in the forex market to earn point by point .
Once you can master the dark side of yourself such as emotion , revenge , depression , panic , and greedy then I am sure you are able to take every opportunity that there are far better and turn it into profit . Never forget or put aside this one element , because due to negligence caused by your self so that you lust greed could have churned without your control , if there is such , very unfortunate if the profit that you should have, just disappear due problems that you have not been able to damping .
Humans as a trader has a lot of problems both within and outside the trading theme . To anticipate the destructive turmoil trading scheme you should use Take Profit ( TP ) , and Stop Loss ( SL ) , this method allows you to automatically liquidate a position at a specified price when the trader has obtained a number of profit , in determining their Take Profit each broker has a different minimum . Stop loss is an order to automatically liquidate a position at a certain price , in order to limit the loss / damage that might occur if the market movement was in the opposite direction with the position taken by the trader .
If you want to know the use of the TP and SL are appropriate in each of your trading activities , I encourage you to always make the Daily Trading Journal , the function of this journal is to learn and improve your trading system when there is a shortage . For more details, please read the Daily Forex Trading Journal .
Fundamental analysis is closely related to the news that appears related to certain currency . You can not just ignore fundamental news , because there was one time , your account may be broken because of fundamental news . Movement when forex fundamental news released , the shock waves will usually happen quite high . To understand the fundamental analysis , you can read the article titled Utilizing Trading News . In the article explained about any news that may affect the movement of the currency pairs will you trade.
Technical analysis is more to the indicator forex made mathematically based on data from market movements at a certain period with a specific formula to produce a chart that gives the projection subsequent market movements . These indicators have different functions depending on the algorithm of manufacture . The technical principle related to the trading system . For novice traders is quite difficult process because there are many components that need to be studied . Examples of technical analysis that is commonly available in many MT4 brokers , such as Moving Average , Parabolic SAR , Retrachment Fibonacci , Indicators Zig -zag and many other indicators .
Trader psychology , in addition to fundamental analysis and technical analysis , the psychology of a trader also take part in determining the pros and cons in taking a decision . You can learn how to be successful trader to control his emotions , which is the key to your trading success . The article discusses the psychology you can read in the article titled A Trader Psychology . once you can understand it and dampen the emotions and controlling turbulent passions in you , I believe that you have been able to compensate for the movement in the forex market to earn point by point .
Once you can master the dark side of yourself such as emotion , revenge , depression , panic , and greedy then I am sure you are able to take every opportunity that there are far better and turn it into profit . Never forget or put aside this one element , because due to negligence caused by your self so that you lust greed could have churned without your control , if there is such , very unfortunate if the profit that you should have, just disappear due problems that you have not been able to damping .
Humans as a trader has a lot of problems both within and outside the trading theme . To anticipate the destructive turmoil trading scheme you should use Take Profit ( TP ) , and Stop Loss ( SL ) , this method allows you to automatically liquidate a position at a specified price when the trader has obtained a number of profit , in determining their Take Profit each broker has a different minimum . Stop loss is an order to automatically liquidate a position at a certain price , in order to limit the loss / damage that might occur if the market movement was in the opposite direction with the position taken by the trader .
If you want to know the use of the TP and SL are appropriate in each of your trading activities , I encourage you to always make the Daily Trading Journal , the function of this journal is to learn and improve your trading system when there is a shortage . For more details, please read the Daily Forex Trading Journal .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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