Think about foreign exchange trading in terms of likelihoods. Absolutely nothing in investing is ever before a certainty. Occasionally, you will lose, even if you did all the right things. That doesn't imply you made a bad trade, it just means that the likelihoods turned against you. Thinking in terms of likelihoods will assist you focus on the truths of the circumstance.
When it comes to strange market timing patterns, for the longest time we thought that it would be impossible to top the following chart by the New York Fed from July 2012, one we dubbed the "Chart of the Year ", showing that the cumulative "bullish" return of the S&P 500 on just the day preceding FOMC meetings resulted in some 800 points in upside in the broader market. The NY Fed described this ......The Most Bizarre Market-Timing Chart Ever?
An excellent Foreign exchange trading pointer is to stick to your plan once you have a strategy in location. It's not unusual to be attracted by brand-new and incredible trading methods. If you were to ignore your plan and chase every brand-new method under the sun, you'll wind up making poor decisions.
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