I am sure you are always questioning yourself this when entering the forex market. Am I entering at the right time? Will I win or lose this time.. Anyone who has traded a demo forex trading account or a live account knows that this is the most important issue. When do you "press the button"?. Oracle trader could be the best system of the year
To answer this question, we need to evaluate the current trend.
Most of us try to force the trading exchange to do something when we do not have any influence on the market. We adhere to the trend strictly. If EURUSD is going straight up, then we only trade the long side. So how do we define the trend and when do we exactly follow the trend.
First, the biggest group of traders belong to the banks and governments. The results of their positions can be seen each week at the CFTC site under the Commitment of Traders Report. These professional traders are only interested in trading long term. They won't try to put money just for a day or 2 trades. These traders will parked their money for a long time. They are not afraid of minor market fluctuation which makes no sense to the currency direction. If you need more forex trading lessons, you want to buy oracle trader.
They are like a big ship going one course that takes time and effort to turn. Once they determine to move, no money can turn them back. Most of the time, they are running money for their clients or even countries.
Following up are the retail traders who probably trade a smaller fund for profits only. Their main aim is to make money thru' commission for their clients. There is some debate as to whether this group can create a trend.
It is my opinion that if factors are right a herding affect can take place where there is a permanent demand for one currency or another and therefore a trend but these traders do not have the power to sustain a trend and maintain it on their own. Will you use their opinions then on when to enter the forex market. Oracle trader review can help you on your forex currency trading.
Perhaps lets make up a situation here. We receive news that a big US company has decided to diversity some of their funds into the foreign exchange. We if without any first hand info would surely overlook this. However the banks who handle their funds would know about this and they might share it with other banks and fund managers.
Even more Non-commercial traders jump on board and demand for the Dollar increases even more.
Retail dealers see a solid move on the trading charts. Perhaps this occurred in the starting of the New York session and by 4PM the Dollar had obtained 100 pips against the pound. Sharp retail dealers would have been looking for this kind of trade every day. In the end, there will be clever technical traders already noticing this big funds activity on their charts.
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