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Trading Insight Articles
Trading philosophies and insights on trading that may give
you alternative trading perspectives and better trading habits.
you alternative trading perspectives and better trading habits.
Different perspectives
Trading the Forex Market can be a fast paced endeavor. However at Forex Club Manila
we believe that after everything is said and done, we need to reflect on what we have or
have not learned. The trading articles posted by Mark is deep, relatable and
educational. Through trial and error Mark posts his learnings as he progresses with his
trades and his career as both a businessman and a Forex trader. His articles are his
personal views on what he discovered for himself and what he hopes others will
discover for themselves sooner than later.
Trading the Forex Market can be a fast paced endeavor. However at Forex Club Manila
we believe that after everything is said and done, we need to reflect on what we have or
have not learned. The trading articles posted by Mark is deep, relatable and
educational. Through trial and error Mark posts his learnings as he progresses with his
trades and his career as both a businessman and a Forex trader. His articles are his
personal views on what he discovered for himself and what he hopes others will
discover for themselves sooner than later.
| Trading Ranges By Mark So October 27, 2007 When I started my trading education, I often read and was taught by the "trading gurus" that there are only 3 market movements. -- Up Trends, Down Trends, and Rangebound or Sideways. While I took this lesson pretty well, I couldn't fully reconcile what was being promoted as gospel that in the forex market, price action is 80% of the time "rangebound". What I have learned through the trenches though is farther from the standard text book explanation and a whole lot simpler than anything else. Let me explain. Try opening a chart, any chart, what do you see? Chances are you see a movement up (up trend) or a movement down (down trend) and not really a sideways movement (horizontal). I then said to myself, well this must be the 20% of the time. Problem is it's been 3 years and all I could see is the 20% What am I missing? Well, there was an "Aha" moment for me. It's actually quite simple really, you see the mistake happened at the very beginning when the terms "Rangebound" was used synonymously with "sideways". Let me say right now, they are NOT the same. You see when the markets are moving Sideways, the price moves down to a certain same "horizontal" lower area about 2 to 4 times and up to a certain "horizontal" upper area about 2 to 4 times. I lead myself to believe that this price action was the only acceptable definition of "Rangebound" - It is not. You see the simple truth is, all market movements whether it's an Up trend, Down trend or Sideways trend are ALL Rangebound..... (You must be a member to read more) |
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Risk Warning: Trading foreign
exchange on margin carries a high level
of risk, and may not be suitable for all
investors. The high degree of leverage
can work against you as well as for you.
Before deciding to invest in foreign
exchange you should carefully consider
your investment objectives, level of
experience, and risk appetite. The
possibility exists that you could sustain
a loss of some or all of your initial
investment and therefore you should
not invest money that you cannot afford
to lose. You should be aware of all the
risks associated with foreign exchange
trading, and seek advice from an
independent financial advisor if you
have any doubts.
exchange on margin carries a high level
of risk, and may not be suitable for all
investors. The high degree of leverage
can work against you as well as for you.
Before deciding to invest in foreign
exchange you should carefully consider
your investment objectives, level of
experience, and risk appetite. The
possibility exists that you could sustain
a loss of some or all of your initial
investment and therefore you should
not invest money that you cannot afford
to lose. You should be aware of all the
risks associated with foreign exchange
trading, and seek advice from an
independent financial advisor if you
have any doubts.
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