By Igor R. Toshchakov
''Beat the chances in foreign money Trading presents investors with super worth by means of disseminating the buying and selling equipment and philosophy of 1 of the main outstanding currency good fortune tales due to the fact that Soros.'' --Alexander De Khtyar, President, foreign money overseas Investments, Inc.
Add walk in the park and systematization into foreign currency trading with this useful strategy. writer and specialist Igor Toshchakov indicates how routine industry patterns--which should be famous on an easy bar chart--can be effectively used to alternate the foreign money marketplace. Written for investors at each point, this helpful source discusses the demanding situations of constructing a buying and selling approach, whereas revealing the Toshchakov's method of the market--both from a philosophical and tactical viewpoint. you will find particular buying and selling techniques in keeping with recognizable marketplace styles, get designated details on access and go out issues, revenue ambitions, cease losses, possibility evaluate, and masses extra.
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Extra info for Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns
They feel the market cannot and should not give any surprises. They do not consider other options that could be helpful or they think of other options in a vague and uncertain form. Sometimes, traders consider a market shift against their position as short-term and temporary. They begin to average their positions. They acquire new contracts at a lower price in the hope that the market situation will come back, and all the positions will become highly profitable. Afterwards, as the situation worsens, they will be able to come out of the market without serious losses.
He should not try to dictate his will to the market, but only explore the ability to benefit from some of the market’s features. One of these features is the market’s ability to move in either of just two possible directions. If this statement is taken as a starting point, one thing is clear. For a speculative trade on the FOREX or on any other market, it is necessary to know that the statistical probability of all trade results should exceed 50 percent to the trader’s benefit in order for the final result to be positive.
I had this in mind as I thought about how to avoid unwanted stress and emotions that are associated with trading. When you find a way to make reasonable decisions not based on your own opinion about future market trends but in accordance with certain market signals, the problem of diminishing and almost completely eliminating psychological pressure and stress will be solved. The key issue in this case is a philosophical attitude about market trends—they are natural phenomena beyond human control and forecast.
Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns by Igor R. Toshchakov