When you are actively participating in the market you must have gone through the common query where people asked about setting your trading goals. Well if you still do not have any, we request you to take time out of your schedule and go over this piece of writing so that you are fully determined on what you are headed to.
Traditional concept of trading
Most people in the Forex market are only concerned with how much percentage, money, and pips to deal with. Narrowing down your objectives does nothing but put you in a restraint that you can’t possibly get out of or make constant losses that will drive you out of the market in no time. Instead of thinking about big profit, learn how to do the perfect technical and fundamental analysis.
Studying the chart is known as technical analysis which gives you the potential entry and exit point for a trade. And the fundamental analysis will help you to assess the economic performance of a certain country which will eventually help to assess the quality of the trade setup. For instance, if the employment claim data in the U.S falls, it means, U.S currency will do well against most of its major rivals as more jobs are added to their economy.
Taking the steps
The first step is the realization that you have no control over the levels of earning you make out of a market at a given time. No matter how strong your investment and …Read More