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  1. #1
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    Default Learn to read between the lines to make better trades




    Learn to read between the lines to make better trades


    So, you’ve got the trading bug. You’ve made your first profits – albeit modest – by making safe trades. Understanding how markets behave will help you to make better trades. There are riskier trading strategies that can earn bigger profits but the risks are too great.


    What do top traders do?


    So how do top traders end up making so much more money?


    It’s not by taking bigger risks but by learning to read between the lines to make better trades.


    Profitable traders earn more because they’re better at predicting and understanding how markets react to news and economic data. They read between the lines of the constant stream of information that is available on trading platforms to make more profitable judgements.


    The best traders use information to make a trade before the trend is visible to others. For profitable traders, breaking news stories and economic data is information to be deciphered into factors that can affect the market.


    It’s not easy. If it was, everyone would do it. It’s actually far from impossible and can be learned. Understanding economic performance and what affects it is an area where profitable traders excel.


    The examples below demonstrate the importance of being able to translate data and news into something meaningful.


    Example 1


    Gross Domestic Product (GDP) is one of the key indicators used to gauge how a country’s economy is performing.


    During the last recession in the US, the economy’s GDP was $14.3 trillion (2008), $14.2 trillion (2009) and $14.6 trillion (2010).


    During one of the worst economic periods in recent history, the US economy was actually flattish and very slightly growing. However, it felt a lot worse and to most people, it probably felt like it was shrinking.


    So why was there a disparity between perception and the economic indicator? The answer is that America has been accustomed to growth. Since 1945 the US economy had averaged 3.3% growth per year. Small changes in GDP can have a huge impact on stock market values. 4% feels like a boom and is reflected in consumer sentiment. 2% growth feels like a recession and flat conjures up bleak, black and white newsreel from the 1930s.


    Any GDP figures above the 3.3% average triggers investors to pull their money out of safe havens, employers start hiring and consumers start buying. Anything less than the 3.3% average triggers negative reactions.




    For more detail : Learn to read between the lines to make better trades

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  3. #2
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    Most trader think that they have an idea of how Forex works already - but it is still essential that you get the best Forex trading education possible. This is because the market is constantly changing and trading skills can always be improved. And to learn the best, you need the best educational resources and support. Some brokers like MaximusFx have best educational resources for both beginner and old traders. I am trading with them. So far I am very happy with their services.

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    About a reliable and credible trading broker I am always concern from whom I will get 100% security and all sort of trading support. For me Forex4you is the best trading broker. To their entire trader their all activities are transparent, active and supportive. Plus they allowed for all traders hedging and scalping earning huge money easily. All sorts of advance trading tools and modern trading techniques trader will get from this broker.

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    Of course we need to learn to be better trader. We also should improve our trading skills from time to time if we want to earn more profit. We can try to use demo account to get more trading experience. And when trading do not forget to maximize forex analysis

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    For making better trading decision and to judge the real opportunities in the forex market, traders need to develop that required skills and knowledge which wil guide them to differentiate what is right or what is illusion. And with the passage of time, traders get that required experience to judge all aspects of trading. at the initial level, naïve traders require reliable, trusted and regulated platforms that can act as both medium and advisory bodies. I am working with AAFX since this licensed broker teaches me single aspect through its expert advice and professional guidance. It is also it is providing me lowest zero spread; a high leverage of 1:2000; re-quote and slippage free timely and fastest trade executions with a greater security of funds through regulations.

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    Profitable forex trading is possible only after knowing the whole forex process clearly. Only then trader can make good volume of money. After learning the basic of forex trader can practice and improve their trading skills through demo trading. Using the demo platform of TradesFX I have shine mu trading skills. This broker is a true ECN broker with wide range of trading support with 100% supercharged, 100% credit and 30% rescue bonus.

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