Search the Community
Showing results for tags 'forex learning'.
Found 2 results
I find out a quize system about fx. It will happen by chating. So free person can inbox me Quize Example: Suppose I ask you recent pattern or analysis. U should find out my answer and give me answer in a few time. we are both ask and give answer......... Its just for time pass and learning. http://www.facebook.com/azim.h.sarker
I am very weak in Bangla and cant write bangla well enough and this post is the most popular and most acknowledge post series from MFX. Everyone cheered for this post and so i decided to post for the BDPIPS readers. Just Found an ANSWER about FOREX Trading. (Episode 1) Yes, answer to what? Answer to a very common question every trader always ask himself or herself. The question is "Why i am loosing so much rather than gaining?" The answer is very simple cause you are trying too hard. You might say what the heck, how come by not trying too hard you will get good gain? Lets properly understand what i m trying to make you learn. First, as a trader you should have a plan. Many of you might be bored by reading this line. You might have read it 1000s of times but having plan is not like making a Multinational Business Plan. Many traders make trading look uncomfortable by trading when you should not trade. Lets say, if a Dog is trying to sleep but you want to take him to walk on that particular time, no matter how generous the Dog is with you it will bark on you. Same as Forex Market, Why to trade when market dont want anyone to trade on it. Thats why making plan is important. How to plan? Just follow these steps :- 1. Select maximum 3 pairs (1 Major with another opposite correlating Major with Different Exotic or cross with less spread) 2. Find out S/R of the particular pairs you selected to analyze. You can see daily pivots as well as find out strong support and resistance. Channel drawing and Trendline drawing may also be effective to get on with S/R. 3. Try to read the market, or listen to it what it really want to express. Lets keep it simple, when a baby is crying for a chocolate you cannot pacify him with a toy like this when market is going for a scalp situation why try to do long term? When market saying dont trade now why you are looking for a trade? So, reading the market mind is not possible with less knowledge, we all know hammer pattern, doji, pin bar, marubuzo etc. but do we know what this patterns are usually trying to say? Do we have any idea when to trace a fakey? No we dont for which we make losses. Even i make some losses by even reading the market in my way as nothing is 100% anywhere. In my opinion FOREX market reading is like reading a woman mind, where you cant predict whats coming next rather than finding probability. Lets say, you gifted your wife a golden ring, she was very happy. Again you gifted her a golden ring with a different design, she was so happy that she made you chicken biriyani then again you gifted her another golden ring, now she will be exhausted. Why? Cause you are not trying to read the change of demand. Like if you have a LED tv why would you want another rather than getting a Playstation with the money? So, Dont try to feed the FOREX market with same trade style or indicator. Remember market change like weather of LONDON. On that, i read an article on Daily Star newspaper today, a quote, " WE MUST ALL OBEY THE GREAT LAW OF CHANGE. IT IS THE MOST POWERFUL LAW OF NATURE". So, be with the change, try to re-educate yourself again and again cause a filled cup is no good for re-pouring. Thanks for reading Md. Rockybul Hasan Founder of MFX