Focusing on the news not the price
Successful forex traders don’t watch business channels all day
long. Watching TV is more likely
to confuse, scare or mislead you.
To find out what’s going on at any time, just watch the
price. The market tells you when to be
bullish or bearish, not the media.
Here’s a key lesson: The price leads the news, not the other
way around. Most days, the media is
simply reacting to market movements.
If it’s an up day, then
good news is reported. If it’s a down
day, then bad news is reported.
The truth is on any given day
there is good news and bad news,
but chances are you are only hearing the news that fits the
market move for that day.
Always keep in mind: news doesn’t make major trends, news
comes from the trends.
Which common mistakes Destroy a Forex beginner: Part-4 coming soon
0 comments :
Post a Comment