I think you have forgot to add another important point that is "Fundamental Analysis".
Daniel Cioca #:
How fundamental do you analize before you put on a trade? Do you think that “Smart Money” care about your fundamental ? 😁
How fundamental do you analize before you put on a trade? Do you think that “Smart Money” care about your fundamental ? 😁
1# You would probably know that fundamental factors are driven a country's economy, lots of fundamental factors involve to play in a currency's movement. Some of them are mentioned below:
Central Bank Monetary Policy
Gross Domestic Product (GDP)
Retail Sales
Industrial Production
Consumer Price Index (CPI)
Politics
2# If you say “Smart Money” is always controlled the forex market or other financial markets or country’s economy, I don’t believe and it doesn’t work that way. Sometimes it might make unusual movements in a currency. But fundament factors are always worked as key points for currencies direction.
All are important
Dr Matthias Hammelsbeck #:
Three items are important:
Three items are important:
1. A trading strategy with positive expectancy.
2. Sophisticated Money/Risk managenent .
3. Psychological robustness.
Which item is the most important for a successful trader
- 2022.01.12
- www.mql5.com
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