As the Forex, few other lucrative activities in the world can offer people many roads in life, and without asking any diploma or some special certification. But Forex is not easy, it can be easy to grasp and place your first trade, but to become a profitable trader is a different thing. You will need to acquire the knowledge and skills to understand and to know when to enter or exit a trade.
There are two types of analysis you can perform on the Forex markets. They are known as technical analysis and fundamental analysis. It is common that traders tend to divide into "technicians" and "fundamentalist." Each group dedicated to the main tools for each type of analysis.
Technical traders base their trading on the analysis of maps and the number of indicators derived from plots of price oscillations. Meanwhile the fundamentalist traders base their trading primarily on the numbers and the economic fundamentals of the economies. Although, even if divided, the two types of analysis tend to complement each other to some extent.
In this article I will place myself on the side of "fundamentalists" and focus on one of the situations in which all traders should be aware and do not let these events affect their sales efforts.
This is risky when the chaotic events began to develop when the trading day continues. The power of the media (TV, Internet, print) can amplify and sometimes it can even distort the events. The result of this growth is the rapid diffusion of new adverse create an atmosphere of fear, confusion and uncertainty in the business world. And fearful traders are not likely to make the best choices because they trade are given to panic and emotional reactions rather than make intelligent decisions.
If you need more specific examples of such events, you can search a bit inside of your memories and consider the impact of some types of adverse events such as political upheaval or the scandals of business or people ... There is also the example of the terrorist attacks of September 11 in New York, that of March 11 in Spain, etc. Also natural disasters: tsunamis, earthquakes, floods, droughts, hurricanes without neglecting the war can cause major disruptions in travel commercial.
In short, each trader must be completely sure that his trading method is well secured to avoid a financial loss from his trading account in case of
adverse events have never occurred. And being realistic, many of these events will surely happen in the future.
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