Many
traders in the Forex market analysts use the services that make
predictions about the future movement of the currency pairs. But always it is necessary to trust them? Let's understand this today.
The Internet can now be seen the moment the information dominance of different websites offering an analyst at Forex (foreign exchange analytical forecasts of prices). Moreover, these online-services can be both paid and completely free. When the paid version, you often get access to the private area of this site or to your E-mail will be sent a letter with the signals the opening of trading positions. I'll be honest - I'm very skeptical about the forex analytics (especially if it is sold to traders for money). In general, the Forex, there are two main ways of earnings - business related to direct foreign exchange trading, as well as okolorynochny business related to the sale of analysts, signals, forecasts, indicators and trading systems.
Paradoxically, but in recent years a second type of business often become involved in people who do not have achieved any major success in trading on Forex. However, we can say with confidence that all their predictions did not come true - sometimes they guess the trend. It is my deep conviction that the price movement is probably always 50:50. There are up or down, and none of these analysts never be able to even 80% probability to guess the direction of future price movements. Think analysts give predictions, but if they are smart and confident, why do not they sell? The answer is obvious - or they do not know that it is unlikely either themselves once traded and lost.
Sometimes it comes to the ridiculous - some analysts after some event in the Forex trend and begin to move in a certain direction is always convincingly tell why it happened, and not otherwise. Although they generally spread very different information. You should be aware that any financial and economic outlook is always probabilistic nature - no one ever knows in advance what will happen in the future with a specific currency or with a state (if this event is, of course, is not the man-made nature). Even if the analyst, studying the fundamental statistics will show you the potential direction of price, it is still not certain that you will surely make money in the case of 100% loyalty to his forecast. It is often, especially during major news release (for example, about employment in the United States, about the Fed's decision on the interest rate), the trend in the Forex moving like crazy (alternately in both directions).
That is, even if you are sure, when and where will direct monetary price, but you do not have a trading plan, you are likely to not only make a profit, but it's easy to lose some money. So you have to engage in trading based on the fact that the currency market Forex is impossible to predict, and no one knows that it is going to happen in the next few trading sessions (this is the best method of trading). In the history of trading were people who tried to predict the trend of the stock, commodity and currency market, but, as experience has shown, their success was short-term and as a result they have suffered a financial collapse.
In general, be careful to use in their work forex analyst. Although for the sake of you, of course, you can try several times to put into practice the recommendations of some analysts to see for yourself how their information will help you earn. I say in advance - the end result of such an experiment would be 50 to 50. And if you so much want to analyze and predict the Forex, it is desirable not to use third-party services, and try to explore the technical and fundamental analysis. However, there are traders who are skeptical to them, but it's better than nothing.
The Internet can now be seen the moment the information dominance of different websites offering an analyst at Forex (foreign exchange analytical forecasts of prices). Moreover, these online-services can be both paid and completely free. When the paid version, you often get access to the private area of this site or to your E-mail will be sent a letter with the signals the opening of trading positions. I'll be honest - I'm very skeptical about the forex analytics (especially if it is sold to traders for money). In general, the Forex, there are two main ways of earnings - business related to direct foreign exchange trading, as well as okolorynochny business related to the sale of analysts, signals, forecasts, indicators and trading systems.
Paradoxically, but in recent years a second type of business often become involved in people who do not have achieved any major success in trading on Forex. However, we can say with confidence that all their predictions did not come true - sometimes they guess the trend. It is my deep conviction that the price movement is probably always 50:50. There are up or down, and none of these analysts never be able to even 80% probability to guess the direction of future price movements. Think analysts give predictions, but if they are smart and confident, why do not they sell? The answer is obvious - or they do not know that it is unlikely either themselves once traded and lost.
Sometimes it comes to the ridiculous - some analysts after some event in the Forex trend and begin to move in a certain direction is always convincingly tell why it happened, and not otherwise. Although they generally spread very different information. You should be aware that any financial and economic outlook is always probabilistic nature - no one ever knows in advance what will happen in the future with a specific currency or with a state (if this event is, of course, is not the man-made nature). Even if the analyst, studying the fundamental statistics will show you the potential direction of price, it is still not certain that you will surely make money in the case of 100% loyalty to his forecast. It is often, especially during major news release (for example, about employment in the United States, about the Fed's decision on the interest rate), the trend in the Forex moving like crazy (alternately in both directions).
That is, even if you are sure, when and where will direct monetary price, but you do not have a trading plan, you are likely to not only make a profit, but it's easy to lose some money. So you have to engage in trading based on the fact that the currency market Forex is impossible to predict, and no one knows that it is going to happen in the next few trading sessions (this is the best method of trading). In the history of trading were people who tried to predict the trend of the stock, commodity and currency market, but, as experience has shown, their success was short-term and as a result they have suffered a financial collapse.
In general, be careful to use in their work forex analyst. Although for the sake of you, of course, you can try several times to put into practice the recommendations of some analysts to see for yourself how their information will help you earn. I say in advance - the end result of such an experiment would be 50 to 50. And if you so much want to analyze and predict the Forex, it is desirable not to use third-party services, and try to explore the technical and fundamental analysis. However, there are traders who are skeptical to them, but it's better than nothing.
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