文档介绍：FOREX TRADER
Avoiding mistakes in forex trading
By Abe Cofnas slow down the weakening of his cur- these events, professional traders
difficult challenge facing a trad- rency, then we must wonder take cover and see what happens.
A er, and particularly those trad- whether there is fear the opposite The retail trader also should let the
ing e-forex, is finding perspective. will happen. In this case, that was market digest such shocks.
Achieving that in markets with regu- the e as on Dec. 14 the dollar Trading during an announcement
lar hours is hard enough, but with vs. the yen surged to a three-year or right before, or amid some tur-
forex, where prices are moving 24 high. The Prime Minister’s statement moil, minimizes the odds of predict-
hours a day, seven days a week, it is acted as a contrarian indicator. This ing the probable direction. Technical
exceptionally laborious. is what “fade the news” means. indicators during surge periods will
When inundated with constantly Often, a bank analyst or trader will be distorted. You should wait for a
shifting market information, it is be quoted with a public statement on confirmation of the new direction
hard to separate yourself from the a bank forecast of a currency’s move. and remember that price action will
action and avoid personal tend to revert to pre-surge
responses to the market. NEWS YOU (DON’T) USE ranges pr