So im new to FOREX and...?

Question

after placing certain orders all of the sudden the market is not moving like it was. It kind of leveled out...what happened? WHy did this happen? i am looking at the pre graphs and this trend isn't shown anywhere. What happened? It all across the currencies

Answer 1

I'm not quite sure over what time frame you are talking about. My currency (GBPJPY) has been quiet for about 2 weeks because the currency has been slowly approaching a line of resistance at 213.00 and traders are cautious to commit to a trade until they are clear how the price is going to react to the line. Who knows?  :-)

Answer 2

A wonderful cartoon strip called Foxtrot was of a family that had (ala the Simpsons) a dopy dad and a very bright son. So just before the dot.com bust, the father figure decided to be a daytrader. Well, "genius" son wrote a computer program to help dad out.  When the market tanked, the father was wiped out and he asked the son about the program. The boy said, "Stocks go down?"

This is the RISK to all sorts of markets and especially in currency exchanges, going the wrong way can be really expensive.

If you don't understand this, then you belong in other markets (if there). Sorry, kiddo, but if you don't know what you are doing, don't do it.

Answer 3

Here's the easiest (and smartest answer). Stop trading and take a year or two to learn this stuff.  Anything else is simply gambling (with horrible odds)......................................

Answer 4

You posted your question 3 minutes ago, and it is now 8:07 pm EDT.  The reason is that the Asian Session is now in full swing and the Asian session doesn't have as much volatility.  You see the majority of price movement during the European Session and New York Sessions.  

The forex pairs almost always go flat during the Asian Session.  The Tokyo (Asian) session begins around 7 pm Eastern time, London around 3 am Eastern time and New York at 8 am Eastern time.  The price movements will pick up again during the London session.

Answer 5

You should use the suitable automated system.

You can't concentrate on forex trands and still analyze all 24 hours aday.

you will miss many profitable chances without using the right automated system.

i recommend using this one:

http://the-forex-tracer-review.blogspot....

Best wishes you win forever

Answer 6

This is the type of thing that makes me glad I'm using an automated trading system rather than going solo. Too many emotions get involved when trading manually. Just buy a trading system and let it do it's magic.

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.

If you're interested I found reviews of the top 3 Forex trading systems: http://forex-funnel.the-perfect-solution...

Answer 7

Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.

Here is a free site that shows what has happened after economic news releases:

http://www.forexnewspatterns.com