Concerning technical analyses and the way fundamentals work, what makes the Forex market unique and how do you think one should attune their trading to incorporate that uniqueness and take advantage of it?
I ask this because I have read many general trading books, that teach certain principles that may or may not be optimal for forex trading. I am a trend trader, and from my one year experience in the Forex market I now see that you can't sit on Forex positions for too long, because fundamental changes can cause massive changes in price. I'm having trouble synthesizing all my experience and knowledge into some practical principles for trading Forex, especially when it comes to taking profit.
So what advice and input can you give? Thanks
I ask this because I have read many general trading books, that teach certain principles that may or may not be optimal for forex trading. I am a trend trader, and from my one year experience in the Forex market I now see that you can't sit on Forex positions for too long, because fundamental changes can cause massive changes in price. I'm having trouble synthesizing all my experience and knowledge into some practical principles for trading Forex, especially when it comes to taking profit.
So what advice and input can you give? Thanks