FOREX IS AN ART

When you say trading, people will say trading is an art. Look at all the books that has been published on the subject. They will say the art of trading forex.

In that sense, we must take forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them coz I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation.

This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it.

Forex is not a science. There is not a single mathematical equation that can explain it. Do not forecast, do not predict, do not anticipate. All you need to do to make profit is to follow the market. If the price is going up, you buy. If the price is going down, u sell. You may not win all the time but if you follow the market, in the end you will be in profit. Make profit and build up your capital up to a point where a few winning trades per month will bring huge profit.

Can you accept it? Can you mind admit it? Is your logical mind challenged? Do you feel helpless? Welcome to the real world :)

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forexs ITS SIMPLE.

Sorry for the less updated blog. I dont feel that I have anything else to put in. The answer is all in here. This was more like a log to me. I put in everything that I learned in forex.

To make things easier, I will summarize it.

What is Forex?
Forex stands for Foreign Exchange Market. Where you buy 1 currency over the other (exchange). Its a business, no matter what people say. It involve buying and selling like any other business only difference is the medium is currency.

How to trade Forex?
The idea behind forex trading is to make profit from the difference in prices. Simply put, buy when the price is low and sell it when the price is high. Its just like the item you buy in stores, the store keeper is selling it at a higher price to make profit except in Forex you can sell first at high price and buy back later when the price is low.

When to buy and when to sell?
Logically you will sell when the price is going down and you will buy when the price is going up. It is simple but in practice this is what killing most traders. Something so simple can be so complicated.

How to know when the price is going down/up?
The price is going down when it no longer making new high. The price is going up when it no longer making new low.

Final advice
Forex is a human activity. It involve buying and selling. Because it is a human activity, it is not predictable. You cannot predict when is the time you need to go to toilet or when you are going to cut your hair. It is all based on situation. Prediction is an over statement of intelligence in Forex. You dont need it.

Fortunately not everything is unpredictable. By nature human tends to follow what other people are doing. In Forex there is something called the Trend. It happen when lots of people are doing the same thing at the same time (follow??). when more and more people are buying, you buy. When more and more people are selling you sell.

Dont get greedy. Put a reasonable target for each trade and get out once you get your target. There will always be another trade tomorrow and you dont have to trade everyday to make profit. Btw, last week I only trade once.

Good luck to all you traders. For the new blood, take your time. Give it 2 years before you can understand it and go for the kill.

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