In my last one year training experience the most answered question was this one. Someone asked me whether he would follow only TA or FA or both. Someone asked me whether he would follow news from different sources. Here I am explaining it with my experience in FOREX market.
FOREX market is moved by fundamental or Economics rules. Ultimately every thing is controlled by Economics' rules DEMAND and SUPPLY. But how demand and supply is controlled? And who are creating this demand and supply in FOREX market? If I want to answer this question I have to explain the different levels of buyers in FOREX market. I shall write an article on this later. Right now just remember that some BIG institutions together making this demand and supply. And they are really big. May be they are central banks, may be they are big corporate banks who has trillion dollar assets, they are your brokers who are making market every time you are trading. So you are trading in a place where the water is full of crocodiles and you are a tiny fish in that water. A tiny fish is fighting with many crocodiles.
But FOREX is a very popular place for general people. Do you know why?As they win their first trade in life. That is worse and they believe that it is an easy market to earn money. Actually it is not. They feel it with the course of life. Only 5% traders in long run win money in FOREX market. Every market in the world is designed for the big institutions as the institutions made the market. So who are in a dream that he will make money with the eye blink, then he is in a dream. So wake up guys. Your hard earned money is not for gambling. Put them for trading when you are expert in this arena.
To be continued.........
