Strategy for Forex trading ??

The market is being moved by the people. Maximum of the forex traders are starring towards their Television or computer, to know about current status. Analyzing, following charts, making decisions observing patters are their main task now. Their decisions are laid upon intuitive techniques, emotions, technical trading and trends. Now trader means both financial institutes and normal people, as they are restricted by human beings. But whatever be the stage and status, it's always the BROKER's who made the profit. Whatever if there is loss or gain in the market, it will never going to affects them.

Another thing is manually trading. Though a trader can observe the market manually in an easier way, so he can surely spot the changes that is going to affect the market shares. Rather than following a technical graph or analysis, its helps a bit.

Again, there is an emotional drawback of manual trading. As a normal person, if the money is going to decrease, surely he stops the bidding or quit sharing. But might be this is not the case. Its seems that the money is decreasing, but possibly its for a few hours, then suddenly its going to increase to the high. So setting strategies might not end well.

Finally, so a person who's following not only a trading strategy but also feels nerves during the curves are slim in number. And so number of successful persons is less, because maximum are trying to hit the jackpot without a valid way or track, knowledge or experience resulting in huge deduction of bank balance.

Price Action Forex Trading Tutorial - Pin Bar and Reversals

Price Action Forex Trading Tutorial - Pin Bar and Reversals

Any Strategy possible for Forex Trading ??

The disappointing reaction that comes while gaining some forex trading experience is, forex is really difficult. You have the basic ideas, you know about charts-indicators, you also have got a right person as broker, with a demo account. You have created a strategy, have a tool and everything is in perfect order. But still you are not in the right track to get success by forex. So here arises the question "Is there any promising pills for money??".

The advice is all-ways set up your own forex strategy. Be disciplined in what you are. But the truth is market is not static and is very much elastic. Forex will never follow any plan or rule. So for getting success, you have to be dynamic in nature. Rather than memorizing or practicing any fixed rule, its all-ways preferable to feel the market.

Whatever may be the technology you are using or, terms you are following, that doesn't matter with forex. What needs the most is to get into it. Each time, have a look on market and take your decision, whether feelings are applied or not.

The basic principle that follows is watching news and observing the market's movement. Here comes the task to do. What thing gonna change, supply or demand ? Financial news or economic factors ? Political fluctuation, traders perceptions or market psychology ??