FOREX MARKET PASSING THROUGH AN EXTREMELY LOW VOLUME PHASE – Forex Trading Analysis
by admin | Jan 7, 2023 | Forex |
Since mid April forex market is passing through a record low volume phase. Market is neither in hurry to reach the Top nor Bottom. Besides low volume due to summer season, coronavirus making the trading situations worse. But even in this type of ultra low volume conditions, good traders are continuing to find trading opportunities. I will also start to write the posts again after a long break, as soon as a good opportunity is recognized. Wishing all of you GOOD LUCK and happy summer trading session.
Published by A. P. S. Thapar
I started forex trading 10 years ago, after having such a long time experience, I decided to share my experience with all of you, I often heard people saying that forex trading is hard and ultimately results in loss of your full account or even more, yes I agree, it is hard, but it is hard due to your greed and fear. First you jump in forex without having much experience, Then after winning a few trades one starts to trade with bigger exposures due to greed, market knows everything and starts to tight you up and due to fear arising out of all this results in loss of account. I will write here the truth and new traders will learn discipline reading my posts. Everybody wants to earn profits, which is possible only with discipline. There is no shortcut to success. Slow and steady wins the race. Some experts claim that buy on dips and sell on rallies is not a right way to trade, I want to ask them if stop loss trading style is the right way to trade? To trade with stop loss is like showcasing all of your strengths and weaknesses and is an open offer to hit the sensitive areas. So I don’t believe in stop loss trading style, I always try to pick the bottom and top as market is all about accumulation and distribution. Hope we all will together start an amazing journey toward success. I am here to build a relationship of trust and faith. Hope you will really appreciate my efforts. I am sure you will fall in love with forex trading. If you have any questions about my trading style or you want technical help on any other currency pair or stock index, please feel free to comment on my posts. I will add that currency pair or index in my future posts. Any further queries will be answered as soon as the time allows.
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