Learn to read between the lines to make better trades

[sakura]

 

So, you’ve got the trading bug. You’ve made your first profits – albeit modest – by making safe trades. 

There are riskier trading strategies that can earn bigger profits. You know about them, you’ve been warned about them, and you’re not interested because the downside is too great. 

So how do top traders end up making so much more money? 

It’s not by taking bigger risks. 

Profitable traders earn more because they’re better at predicting and understanding how markets react to news and economic data. They read between the lines of the constant stream of information that is available on trading platforms to make more profitable judgements. 

The best traders use information to make a trade before the trend becomes visible to others. 

For profitable traders, breaking news stories and economic data is information to be deciphered into factors that can affect the market. 

It’s not easy. If it was everyone would do it. But it’s far from impossible, and can be learned. 

Understanding economic performance and what affects it is an area that profitable traders excel. 

What follows are examples that demonstrate the importance of being able to translate data and news into something meaningful. 

Example 1. Gross Domestic Product (GDP) is one of the key indicators used to gauge how a country’s economy is performing. 

During the last recession in the US economy’s GDP was $14.3 trillion (2008), $14.2 trillion (2009) and $14.6 trillion (2010). 

During one of the worst economic periods in recent history the US economy was actually flattish and ever-so-slightly growing. 

But it felt much, much worse and to most people it probably felt like it was shrinking. 

So why the disparity between perception and the economic indicator? 

 

For more detail : Learn to read between the lines to make better trades

[Bill Lawry]

To become big trader you don’t have to take huge risk. This is one kind of misconception in this market which doesn’t have any real value. To earn enough in this market we need to have enough knowledge not money of risk. With proper strategy and trade plan any trader can make profit heavily without taking big risk. I use 1:2 risk reward and doing great with it with the support of my broker AAFX.

[Cecil Marshall]

Indeed serious study is expected to get good profit. Forex trading is a work of expert. You require particular knowledge and abilities. The more you will find out about the market, the better will be your trades. I am trading with FXPM where I can access to their advanced instructive resources for my learning purpose.

[Willem Hesselink]

Gainful traders acquire more since they're better at anticipating and seeing how markets respond to news and financial information. They read between the lines of the steady stream of data that is accessible on trading platforms to make more beneficial judgments. I got the best and easy to understand trading stage through my broker Forex4you. 
There are less secure trading methodologies that can acquire greater benefits. You think about them, you've been cautioned about them, and you're not intrigued in light of the fact that the drawback is excessively incredible.

[Martin Luther]

Most trader think that they have an idea of how Forex works already - but it is still essential that you get the best Forex trading education possible. This is because the market is constantly changing and trading skills can always be improved. And to learn the best, you need the best educational resources and support. Some brokers like MaximusFx have best educational resources for both beginner and old traders. I am trading with them. So far I am very happy with their services.

[Olivia Harper]

By doing a short term trading or day trading or scalping trader can earn some profit. It is as simple as it is and nothing complicated. But if trader wanted to earn big amount of profit they also have to take big risk and apply some strong trading strategy. Also they need to understand the patterns of the market that how it is move.

After spending one year in my trading career now I am trying to take some risk. And it is because I know I have the best support, which is my trading broker TopFX24. They are giving me all sort of trading support with advanced tools and technologies. I can use forex robot from their platform. It has made my trading life easier. Also I understand the market clearly by seeing their real time market analysis with quotes and charts.

[Resolve]

I have been making use of the FXOpen Broker and it accepts the Bitcoins for the Deposits 🙂

[Resolve]

I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets 🙂
They are a True ECN Forex Brokers.

 

[Resolve]

I have been doing my Forex Trading with FXOpen Markets from the last 10 Years and they are very Reliable and Trustable International Forex Brokers 🙂