Some Simple, Yet Effective Forex Trading Techniques
Experts will always assert that one of the surest ways to succeed in currency trading is knowing and implementing forex trading techniques.
Foreign exchange is truly a dynamic and demanding investment avenue and there is the need to understand and truly comprehend such trading if you want to make your capital grow from it.
What are forex trading techniques? To begin with, such strategies are special and are schematic processes or styles of trading that are designed and implemented with the principal aim of generating higher revenue or income. Just like in any other form of trading, there is also a need to know and implement proper and working techniques to make your money grow through currency trading. Thus, it would be helpful if you would be familiar with several simple, yet proven effective forex trading techniques.The first simple technique would be buying low, selling high. In general, this is the principal principle that should be practiced. Through this, investors should always strive to buy currencies that have lower values than what your currency form is. Thus, you would realize that you are actually making your capital valuation instantly. Then, you should wait for sometime until that currency appreciates and when it does, it would be the perfect time to sell it, which would return your money into your base currency, but this time in higher value.
Another simple technique is to convert your capital into US dollar as a base currency. If you are already having the dollar as a base currency, you could stick to it, but otherwise, it would be advisable if you convert into dollar. From there, you could easily convert into other currencies. Almost all currencies have direct dollar conversion rate, making it easier for traders to determine and actually run transactions.
Lastly, trade currency based on to market and economic factors. This technique employs the value of research about the factors and risks of the economy of particular countries. For example, if you want to trade into Japanese yen, it would be helpful if you would first understand what is going on in the business environment in Japan. This way, you could easily foretell if your converted money would rise or fall.
As an investor or trader, it should always be your goal to make your capital grow. Know and adopt effective forex trading techniques and see how your money could attain its real growth potential in no time.
Kecelakaan Hari Ini - Sebuah sepeda motor tertabrak kereta api di perlintasan ker Kampung Baru, Kota Bandar Lampung, Kamis (23/1) sekitar pukul 18.00 WIB.
Pantauan Lampung Geh, kecelakaan ini melibatkan sebuah kendaraan jenis Honda Vario warna putih bernomor polisi BE 7011 AJ.
Informasi yang dihimpun, sepeda motor ini dikemudikan oleh Iskandar (60) yang berprofesi menjadi ojek online.
Imam (32), saksi mata, menyebutkan jika korban akan menyeberang rel dari arah Kampung Baru menuju Universitas Lampung (Unila).
"Kejadiannya dia (korban) nyeberang ke arah Unila, posisi portal itu sudah ditutup tapi baru setengah karena ada mobil yang mau nyeberang," ungkapnya saat diwawancarai Lampung Geh di lokasi kejadian.
Pantauan Lampung Geh, kecelakaan ini melibatkan sebuah kendaraan jenis Honda Vario warna putih bernomor polisi BE 7011 AJ.
Informasi yang dihimpun, sepeda motor ini dikemudikan oleh Iskandar (60) yang berprofesi menjadi ojek online.
Imam (32), saksi mata, menyebutkan jika korban akan menyeberang rel dari arah Kampung Baru menuju Universitas Lampung (Unila).
"Kejadiannya dia (korban) nyeberang ke arah Unila, posisi portal itu sudah ditutup tapi baru setengah karena ada mobil yang mau nyeberang," ungkapnya saat diwawancarai Lampung Geh di lokasi kejadian.
Dirinya menerangkan jika maksud dari penutupan portal yang tak penuh itu agar mobil yang baru menyebrang tidak terjebak di tengah rel.
"Kalau ditutup nanti mobil kena jebak di rel. Maksudnya penjaga biar mobil lolos baru ditutup," terang dia.
Karena kereta sudah dekat, Imam pun sempat berteriak kepada korban agar segera menyeberang perlintasan. Nahas korban tersambar kereta jenis penumpang tersebut.
"Mobil udah nyeberang, motor pada ikut nyeberang. Bapak udah diteriakin tapi dia fokus ke depan aja gak kedengar, mungkin karena dia pake helm," urainya.
"Kalau ditutup nanti mobil kena jebak di rel. Maksudnya penjaga biar mobil lolos baru ditutup," terang dia.
Karena kereta sudah dekat, Imam pun sempat berteriak kepada korban agar segera menyeberang perlintasan. Nahas korban tersambar kereta jenis penumpang tersebut.
"Mobil udah nyeberang, motor pada ikut nyeberang. Bapak udah diteriakin tapi dia fokus ke depan aja gak kedengar, mungkin karena dia pake helm," urainya.
Akibatnya, bagian belakang motor korban tersambar kereta api hingga terpental ke luar rel. Diketahui korban mengalami luka pada bagian kaki kanan hingga terputus.
"Itu pas kena ujung belakang motor, keadaan korban kaki terputus pergelangan sebalah kanan. Pas ketabrak itu orangnya kena besi (pinggir rel) itu terus ketimpah motor," tandasnya.
Korban yang masih dalam kondisi hidup tersebut dilarikan ke Rumah Sakit Advent Bandar Lampung untuk penanganan lebih lanjut. (*)
Sumber: Kumparan.Com
"Itu pas kena ujung belakang motor, keadaan korban kaki terputus pergelangan sebalah kanan. Pas ketabrak itu orangnya kena besi (pinggir rel) itu terus ketimpah motor," tandasnya.
Korban yang masih dalam kondisi hidup tersebut dilarikan ke Rumah Sakit Advent Bandar Lampung untuk penanganan lebih lanjut. (*)
Sumber: Kumparan.Com
Forex Trading Techniques - Why Price Action is So Important
When it comes to forex trading techniques, the one I would strongly encourage you to use is price action.
If you know your trading history, then you must know why I recommend price action. Some of the most famous technical traders in the history of trading used price movement as their main trading method.
Of course not every trader used price action in the same manner. Everybody trades it in a different way. But the basic concept of price action is that you understand that the market has these inherent price patterns which can be used to predict the future price.This is an integral part of technical analysis. There are other aspects to trading such as fundamental analysis, which has more to do with understanding the world's financial and economic conditions. But when you are dealing with technical analysis, understanding price movement is something that you must know.
I say this from experience because when I first began to trade, I thought technical analysis meant putting up some indicators on my charts and buying or selling when they were aligned with each other. It dawned on me that I wasn't exactly "analyzing" the markets. The indicators were doing all the analyzing, and not doing a very good job at that.
Once I began to understand what analyzing the market actually meant, I got rid of all these useless indicators, and the rest is history. I haven't looked back and I've never had to use the "indicator" menu on my charting platform ever since.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.