One good approach is simply to see the big market auszahlungsquote lotto picture.
Success at profitable stock market or forex futures and commodity futures trading is not a mere roll of the dice based mostly on luck, where you have a 50/50 or even less chance of success in a casino gambling game.
They need large initial capital base and will also often experience large account equity draw-down from time-to-time.
Market patterns and trends go beyond the simple daily price charts.
An up trend on a daily chart may exist only as a one-bar rally but a weekly chart shows a strong downward direction!Trending markets tend to have major volume, a clear direction, and lots of liquidity -.K.A where the smart money.Try to take shortcuts due to time restraints or laziness, and the outcome may be very disappointing.The quick way for those with limited time on their hands to determine the likely market trend is to use a trend-line.So how might a discretionary trader stack the odds in his or her favor?
That is what we will now discuss.
Trading plans are quite important for futures and fx traders, where profit loss potential is high, as is leverage and trading account margin!
However, by looking at intra-day prices for both price bars, you can quickly tell where the actual swing occurred and whether the outside high or low formed first.So many trader websites advertise their trading services as a simple way to make lots of money, which marketing has proven to be the downfall of many new traders and trading careers.But this will not be obvious looking at the price chart because the bar before the outside bar will not have a lower low or higher high than the outside bar itself.For example, say price bars are now making a series of lower swing highs and lower swing lows.This author has written several articles relating to this very subject, and for good reason.One quick way is to simply note which way price moves after the outside price bar.FX Forex traders need to follow a set of personal trading rules so each trade is not merely some act of chance.Forex is the world's biggest market with trading 24/hours daily.If your monthly bar-chart trend is up, plus your weekly trend is up, then when you come across a daily swing-bottom forming (especially on an expected reversal date and support level) higher vs previous daily swing bottom, you have a powerful buy signal.