Most heard terms for a Forex Trader, that if you can't sell high and buy low you can't trade Forex successfully and that is where who concept of success and failure of a Forex trader lies, hence though If you learning strategy where You buy and sell breakouts then you must have done some research and read views of successful Forex traders that Where does that true success of Forex Trader Lies.
Buy low and sell high look like Counter trade strategy and It all depends on timing and consistency and If you trade timing is not right then You miss moves that had very strong potential, but If Your timing is right and you can read possible Correctional Bottom of a trend, or know the law of consumed supply and demand then these type of counter trend strategy really does have strongest follow through's as compare to normal Pinbar or Candlesticks Patterns.
What really is buy low and sell high is ?
This whole concept work like a plan as more novice traders look to buy breakouts and they love to do so So whole concept work around strong supply and strong demand where follow through is strong enough and We have rejection approaching the previous supply and demand area, And of-course the dialenma of what market works or being working to catch stops before big moves.
Forex Traders don't bother to learn Forex Techniques
Is it really that easy to learn Forex trading? may be not but Not hard either- as all you need to know is to make full use of resources what You have and best use of those resource in the best possible way and there should not be no compromise
One thing that We all should know and try to implement that we all have same resources which have been used over decades and will be there for the times to come and Nobody is born trader or nobody can have extra skills to overcome his failure in fields and that is the beauty of Forex Trading which can suit the worst and fail for the best or rest.
Forex is all about Mindset but sometimes it is too hard to control because of wrong steps taken in wrong ways and nobody grooms you the way one should be. Believe me it has even happen to me as well, but Most don't succeed because it is down to persons approaching Forex Trading but Not for success as the opportunity is there for all but they don't approach or get guidance as they should be.
Trading success is a combination of the right mindset and the right knowledge.
Most traders learn the wrong information or are lazy and expect some guru to give them success and its no surprise they lose - no one else can help you win. Wining in trading comes from within and you need to take charge of your own destiny. Most of the systems and e-books sold on the net are not from traders at all but from marketing companies who never traded in their lives! They make their money making claims that have no substantiation and the gullible novice traders fall for it.
Comex Gold decline at higher price
I have taken an example of my Gold trade where I thought we got the best price to sell during thin trading amid lack of global events and pairs looking or direction and riskier assets like Gold still accumulating supply and found a higher price to fail and hence trade was appropriate and timing of the trade was excellent even on last trading session of the week where we can expecting winding up of some positions.
Sometime it do tend to surprise me how gold give such beautiful swings to buy Low and sell higher and Friday US session attempt above the choppy trading was the best price offer to sell at higher prices and follow through was quite strong, so no wonder If you know how to get best prices there to sell high, one can really enjoy trading Gold in any given circumstances.
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