There are many traders who think they can trade Forex successfully with ease. Is it really so? The stats show that only 5% to 10% of Forex traders do actually make money in the long run. Yet, the stats remain almost unchanged for years while new beginners keep entering the Forex trading environment, being excited by catchy promising commercials and big promises. They start trading big off the bat but eventually lose money as they are not ready for the big game at this point.
What are the reasons? Why do the 5-10% of winning traders do succeed? The reasons are simple. Forex is the world’s biggest financial market (trillions of dollars as daily turnover). It gives anyone an opportunity to make money. However, few people actually see those moneymaking opportunities. Is there anything that can help traders see perfect opportunities in terms of making big bucks?
Indicators
In order to gain knowledge and turn into skills, you just have to spend time and effort on education.
Some brokers offer week-long workshops in order to get them up and running as quickly as possible. They do not care whether those beginners will make money or lose them (the latter is highly probable because it is only possible to learn some trading basics within a week). On top of that, the information given during such workshops can be outdated.
Moreover, it is vital to understand what you have learned. Simply learning it by heart and simply copying others’ actions won’t do you any good in the long run.
Any market offers moneymaking opportunities as long as the approach is right. Professionals know fisheries as well as when and how to fish. Every single trading decision they make is based on comprehensive analysis, which puts the odds in their favor, thereby allowing them to win in the long run.
Only those who are ambitious and diligent enough can ultimately succeed in trading financial markets provided that the teacher is good.
Of course, you can choose a long way to success through a sea of difficulties and mistakes. However, there is a shorter one. If you are ready to learn new things and work hard to achieve success in trading, Masterforex-V Academy can help you open the door to the trading world. Masterforex-V Academy has been recognized Europe’s best Forex training project since 2009.
Masterforex-V Academy has a free school for beginners, where you can learn all the necessary basics of Forex trading to get you up and running. Obviously, these are only the first steps. There is a lot to be learned and mastered before you actually turn into a winning trader.
Tips for Beginners: How to Interpret Indicators?
According to D. Lukas, most of the money earned in today’s financial markets is made by means of Moving Averages (MAs). All traders know these technical indicators and know how to apple and interpret them. Still, more than 90% of them lose in the long run.
What are the reasons? Technical analysis is usually positioned as an exact science, which is powerful enough to let anyone make money. However, technical analysis is an art rather than a science. It is constantly evolving along with the market as new hypotheses and ideas are born, new indicators and approaches are created.
All those commentaries concerning the use of various technical indicators reveal the real state of affairs. Trading classics somehow fail to mention that one of the key postulates of technical analysis is inertia (lag effect to be precise). No price move can suddenly stop and go the other way.
Traders who use technical indicators to make trading decisions should understand what a certain indicator is, how it can be used and to what extent it can be trusted. A comprehensive analysis is always needed.
What to do during periods of consolidation (70% of the time)? How to define the scale of a certain price move? Which MA settings are decisive? How to tell true signals form fake ones? Apparently, there are many more unanswered questions concerning Moving Averages and other indicators.
Well, you can find the answers at Masterforex-V Academy’s school for beginners.
Well, you can find the answers at Masterforex-V Academy’s school for beginners.
Local instructors arrange free webinars to explain many interesting discoveries. In particular, some of them is the trend is
defined by a fan of MAs with specific setting rather than the intersection of 2 MAs (a slow one and a fast one).
It is sufficient to install the MF fan to see in real time when a retracement against the existing trend turns into a reversal. All other moves against the trend are correctional by default. How to spot the end of the retracement and enter a trade in the direction of a new trend? Masterforex-V Academy has the answer to this question as well…
There are similar indicators that also look like a fan of moving averages. There are even fake MF fans you can find on the web. However, without comprehensive explanation, these tools are useless. That is why, those who want to know how to use the MF fan appropriately are welcome to visit free webinars conducted by Masterforex-V Academy’s school for traders and investors.
