Tuesday, December 2, 2008
I believe it's a challenge for most people trading forex
Forex trading does not trend all the time. In fact, we will experience choppy markets or some called whipsaws markets for quite a number of times. Choppy market is where the price moves dramatically up or down and may look identical to start of a new trend in early stages. But instead of continuing the trend, the price may suddenly dive back down to your entry price or trigger your stop loss.
I believe it's a challenge for most people trading forex, particularly those who are new to forex trading. As ForexGen The reason is they may not be able to identify what kind of market is that and may be unable to resist the temptation of false fast price movements.
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