The forex market (also known as foreign exchange currency or fx market) obeys scientific laws. Successful professional traders are always looking for opportunities in the market place. They have a methodical system of position-taking developed through the years and proven to be profitable. Professional traders are people who could be working for the banks, fund managers, hedge fund or even managing their own money.
Currency trading is a science based on logic and mathematical patterns. As a financial science, we are able to formulate strategies and forecast the risk and return of the trade even before we enter the transaction. We can choose to only enter winning trades. We can put in strategies to minimize losses and maximize profits. With the trading strategies executed as planned, you can have consistent expected results. We can have control over our trades.
A professional trader would approach forex trading in a scientific way to ensure predictable results. It is not a matter of luck or a gamble. The trading strategies should be tested on past data and also tested on current live data. The probability of winning trades should be consistent throughout the time period. A test period of 4-5 years of consistent results would prove the efficiency of the trading strategy.
A good trading strategy would be one that is formulated to yield positive results in different market scenarios. The challenge would then be on the part of the trader to be able to master his mind and emotions, to execute the correct trading strategies correctly in the correct market.
You put in the formulas, and you get the expected results. Forex trading is a financial science. Do the math.
Article Source:Ang_Sheng_Wen
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