The WORST part is technical can be very subjective. Two traders looking at the same chart can have different opinions about where the market is going. Without sufficient information it is hard to make money in forex trading.
We look at many other criterias as well. This helps us to confirm that our opinion about the market is correct.
Our analysis of forex trading consist of 4 parts:
Most indicators are not useful because indicators by nature are laggard. Most indicators tell us to buy too late and sell too early. This often resulting in traders buying too high and selling too low. However we had discovered indicators that are not laggard and are very good for identification of entry + exit levels.
Forex trading is basically a relative game. You are comparing currency A against currency B. So to make money we have to buy a strong currency and sell a weak currency to form 1 forex pair. We are using a few economic indicators to help you identify which currencies are strong and which currencies are weak. You do not need to be an economist to do that.
3. Insiders’ trades
Most people think that forex market is too big to track insiders’ trades. That is definitely not true! We had discovered a way to track insiders’ trades. So we will buy currencies that insiders are buying and we will sell currencies that insiders are selling. Insiders are the best market timers that we know, seriously!!!
4. Seasonal effect
Currencies have seasonal trends. Seasonality is based on events recurring year after year. This creates repeated pattens for various currency pairs. Repeated patterns make forex movement predictable. We like to buy forex pairs on their seasonally strong months and sell them on their seasonally weak months. We will perform quantitative analysis to find out which months are strong and weak for individual currency pairs.
When we enter a trade, we make sure that all the 4 parts comes to the same conclusion. This has helped us to achieve high success rate as well as huge pips profits. We will teach all these 4 steps to our forex students.
To sign up for our forex education program, click here: http://golearnforextrading.
BL, CEO of Tactical Trading Academy – For Your Profits, Your Success Is Our Success!
“Whatever the mind can conceive and believe, the mind can achieve.” – Dr. Napoleon Hill