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jump to last post 1-1 of 1 discussions (5 posts)

4 PROVEN WAYS TO CONQUER THE FOREX MARKET

  1. profile image47
    godsonwokoloposted 7 years ago

    These key include the following
    1)    Never belief you cannot out perform the market
    2)    Market price are predictable
    3)    Market tend to over react not under react.
    4)    Big obvious idea offer great opportunity in the market.
    5)    It is save to invest with consensus view
    6)    Price trend are well known but are underutilized.
    7)    For you to succeed in recovering market you must learn to manage your risk and cope with your losses, almost all great investor lost money as a beginner in the market.
    8)    The most common mistake is assuming that ivestment success is very easy.
    9)    An investor need to spot a genuine opportunity in other to make good consistent return.
    10)    Market are usually slow to react to big picture change.
    11)    Market move in an underlining trend.
    12)    Over a period of time, even the best investor will     inevitably suffer loss.
    13)    Unfortunately even the good ideas can loss money just as bad idea can sometimes make money.
    14)    The most important feature of penny stock is for the management of company to have strong  competence,
    15)    The best strategy for entering the market is t wait for a price trend to verify bullish or bearish view.
    16)    The most important thing is to manage your risk and stay in the game.
    17)    Price take time to absorb information.
    18)    Price move in trend.

    1. WryLilt profile image92
      WryLiltposted 7 years agoin reply to this

      I'm still waiting for the four proven ways...

      1. saleheensblog profile image61
        saleheensblogposted 7 years agoin reply to this

        lol lol

        1. JR White profile image58
          JR Whiteposted 7 years agoin reply to this

          There is only one way to conquer the forex market.  You have to have more capital available to lose than everyone else put together. Otherwise, you are headed for gambler's ruin, where you have to leave the game because you don't have enough left to play. You're playing against people like Soros, who have much more capital than you have.  It's much like the old joke, "Know how to make a million in the [forex] market? Start with two million."

          1. WryLilt profile image92
            WryLiltposted 7 years agoin reply to this

            Which is the reason I'm writing hubs, not playing with forex. big_smile

            Reading history of Long Term Capital Management scared me off gambling with markets.

 
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