Knowledge Palace

Discuss and exchange knowledge and information on single board..!


Why do I keep losing money at forex

Share

TradingFXVPS

Posts : 4
Join date : 2016-02-26

Why do I keep losing money at forex

Post by TradingFXVPS on Fri Feb 26, 2016 6:21 pm

I've been studying the foreign exchange market hours each day for over a year. I've also read piles of books on technical trading strategies, economic indicators, market timing, psychological discipline, stocks, bonds, futures, options, etc

forex vps hosting

helen01

Posts : 191
Join date : 2016-03-21

Re: Why do I keep losing money at forex

Post by helen01 on Mon Mar 21, 2016 6:51 pm

You left out the most important piece of information: your choice of time frame. Shorter time frames like 1-minute bars are random. A bank might get their next 10MM order from a customer now or five min from now. You can't trade short term news either. The big banks have traders 24/7 watching multiple premium news feeds. By the time you and I find out about it, the banks have already digested the information and taken their positions and moved on.




best forex managed accounts

    Current date/time is Thu Nov 23, 2017 3:56 pm