Stable Forex trading or catching chances
Trading is one of the most difficult activities, despite its apparent initial simplicity.
But after you try to make money on the stock exchange, it will immediately become clear that it is not enough to just be able to open transactions.
And you need to have a strictly organized system in which entry signals and conditions under which the transaction will be closed will be specified.
At the same time, not everything is so simple here, since most professional traders can be divided into two categories:
The first are those who trade using exclusively technical or fundamental analysis , while indicator signals or the results of fundamental analysis are used to enter the market.
Second – those with fewer numbers trade spontaneously; players in this category may not open trades for months, waiting for the right moment. The entry signal for them is sharp price jumps and market crashes caused by panic.
Despite the fact that transactions are opened quite rarely, significant price fluctuations allow you to get no less significant profits.
What should a novice trader choose?
At the initial stages of getting acquainted with financial markets, it is best to try to work according to the first scheme.
This is the only way you can thoroughly study various methods of trend analysis and gain the greatest amount of experience. And simply waiting for a long time for an event that will drop the market will be very boring for a beginner, because strong movements do not happen often.
But after you have fully studied price behavior and gained experience, you can start making money on stock market crashes, and to some extent, reduce riskier daily trading to a minimum.
The very character of the trader plays an important role in this; there are people who simply cannot bear to wait for something, they do not tolerate inaction.
For this category, it is better to choose trading based on one of the types of analysis, preferably technical.