We asked Gabriel if he could help readers understand Forex trading simply by talking a little about one of the systems he trades.Trading Forex is not so different than trading stocks or price driven forex trading systems 3r. There are some nuances, to be sure, but for anyone who has already been trading, picking up on these small differences would be easy.
I thought I would share the background for one of the systems I price driven forex trading systems 3r to show people that they can understand a Forex system with little explanation and a few charts.First, understand that currencies tend to be trendy—especially on a shorter-term basis. Any advice appreciated Good start to the week.
Entered short after LO failed to set high and form third consecutive doji. Traded breakout of those dojis. IgnoredCongrats tenmilewalk. I took that trade too. Should have close that trade or take some profit before that big impact news. But anyway,looking forward to today London session. Should have close that trade or tWhat is the purpose of the foreign exchange market, or any market for that matter. It seems like a simple question with a simple answer, to permit participants to sell and buy commodities, equities or futures and to exchange one currency for another.
But such a simple statement covers a world of complexity. If two parties wish to conduct an exchange, of one currency for another or of an equity or bond for a sum of cash the first question that arises is at what rate or price should the transaction take place. In a retail environment the price is predetermined by the seller and is rarely changed. The purchaser measures his need for the item against the price asked and makes his decision to buy or no t.
There is li ttle or no discussion or bargaining over the price. To start viewing threads,select the forum that you want to visit from the selection below. Read about members in the Introduce Yourself forum, or make your way to Newbie Island. Ok great, thanks for the summary.First off, its important to note we view price action completely differently from about 99% of the other threads out there.
Most of them are vanilla cut-and-paste versions of the same thing. I really love the Expectancy Formulator. That page is addictive. Trading Forex is not so different than trading stocks or futures. I have observed this across many currency pairs over a number of years. There would seem to be an obvious edge in a trend-following system that can identify lo.