Your goal in Forex trading is to make money.Find out whether it is more important to know the forex technical analysis or fundamental analysis from a full time trader himself.
When doing technical analysis on forex. There are 3 factors that need to be properly recognise and use. They are trend, momentum and timing.
Trend
Trend is the tendency of movement to a particular direction. When it is uptrend, the price will move up and vice versa.
Momentum.
Momentum is the strength of movement. The stronger the momentum the stronger the move. When the momentum is finished, it will reverse.
Timing
Timing is when u enter the market. Enter only when the profit to risk ratio is good. Other than that better stay out.
Trend, Momentum and Timing
/ On : Sunday, May 29, 2011/ Thank you for taking the time to visit my BLOG . Hope can be useful for us all though not as big as you expect. for it, give criticism, suggestions and feedback by commenting. If you would like to discuss or have questions about this article, please link me more information via e-mail At danoeng@yahoo.com.
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