Making Money in Up and Down Markets

Let’s briefly discuss the difference. U.S. dollar–correlated majors are the euro/U.S. dollar, the U.S. dollar/Japanese yen, the British pound/U.S. dollar,and the U.S.dollar/Swiss franc. The four pairstrade against theU.S. dollar. The reason these are “correlated” is that the movements of these pairs have a strong relationship to the U.S. dollar, which we can track with the U.S. dollar Index. We’ll talk in the next section about the relationships in detail, but for now keep in mind that the forex is a game of comparison. Is the U.S. dollar gaining or losing ground to another nation’s currency?

Yes, you can make money in up and down market. you also buy and sell by market. we can take our position in the forex market. i like to trading in my forex life.

If it seems as though I am spending an inordinate amount of time driv- ing this point home it is because I think far too many traders forget that trading forex is a very tangible thing. It personally affects our everyday lives and the everyday finances of corporations and banks. Our world and collectiveeconomiesarenotisolated,andtheglobalecon omyisnowmore intertwined than ever.

Anyone who for a moment bought into the theory thatsomehowtheU.S.economywasdislocatedfromEurope,A sia,andthe BRICcountries(Brazil,Russia,India,China)shouldnowk nowdifferentaf- ter witnessing a cataclysmic global slowdown.

My point here is that forex, the relationship between different currencies, is at the heart of the world- wide financial system and the more you understand this relationship the betteroveralltraderyouwillbecome. Nowwhosaidforextradingcouldn’t make you a better person?

CONFESSIONS OF A CHART JUNKIE

I still love charts, and they are still my bread and butter to finding, setting up, and managing trades. For every knucklehead who asks me: “You know what you find next to a sunken ship?” “I give up.” “A chart.” “Ha ha.”

I know that there is no way that trading news or fundamentals can work, without an understanding of how much or how little the news has been discounted into the market. So the battle lines are drawn: fundamen- tal traders versus chartists. I don’t think it has to be that way. I think a hybrid of each, knowing which to use when, is the ultimate solution. But I didn’t always think that way.

My chart junkie ways started like most. An interest in learning how to trade and a charting subscription sent to my home each Monday. This wasbackwhenIhatedweekendsbecausethemarketswereclos ed.Yeah,I neededhelporattheveryleastahobby.

TherewaslittleelseIcouldgetmy hands onatthistimeinthehistoryofmankind because therewasreallyno Internet to speak of, and those giant mochaccino-lands with books didn’t exist. So it was me, glued to a fledgling channel hardly anyone watched called the Consumer News and Business Channel and Schabacker’s “Tech- nical Analysis and Stock Market Profits.”

fx ak bohat acha kam hai jis sy ham achi earning haseelkar sakty han fx ma kam karny k lia hamy menat karna ho gi tab achi earning haseel kar sakty han ya real kam hai

I would sit for hours poring over about 30 end-of-day charts of the fu- tures market. A pen and ruler and calculator was as sophisticated as it got. Forget streaming data and intraday charts; this was old school.

. You know there’s nothing like going over printed charts manually with pen and ruler. If I sound like I am pining for the days of yore, I guess in some ways I am.

But it wasn’t perfect. And I’m here to tell you that the bell curve of your trading will follow a path similar to mine, similar to a lot of traders

From the thread it appears that the thread initiator is advocating to trade bullish pairs. It is correct or not, is debatable. Forex market is based on selling as well as buying activities. Will the market always remain bullish and to what extent? The market has to trend bearish. It will offer equal opportunities to the trader. So the trader should look for the opportunities in case of bullish as well as bearish trends.