Forex Trading Ways for Prediction

Actually, Forex trading is like whether prediction. Currency doesn’t change in random fashion. Instead it changes in predefined fashion that is defined by the market demand. Therefore trading is not impossible provided study and experience is performed correctly.

Currency prediction for forex trading is performed in two major ways. First the technical indicators, second, the market analysis based on economical and news trends. Both must be done in concurrent fashion.

Beginners could predict only based on technical analysis but advanced traders must predict based on news heard related to economy trends.

Technical analysis is a smart way to predict currency change based on mathematical formulas. Users may not need to know mathematical details concerned with this type of analysis. They need to know only how those indicators used in correct way.

For instance, for stochastic indicators, this way to predict currency change implies that to see if the indicator number goes very low or very high for relatively long period. In this case a trading event appears and the trader may buy or sell the currency being traded.

On the other hand, economical analysis is used to predict for currency change based on the financial state of the country owning the currency being traded. This depends on the industrial level of the country and also the political state of the country. For instance, if the country is in war, it will affect the currency value of that country.

As mentioned above, this type of analysis needs advanced traders to be able to use it. The simpler is the technical indicators and even not all of them as some indicators may be difficult to use.

A forex trading strategy is a way to predict currency change based on combination of technical indicators and news analysis. For instance a forex strategy may have two technical indicators like stochastic and MACD and no news analysis included in the strategy.

For more successful strategy, the trader must use less amount of indicator for simplicity, as a general rule, more simple equal more success. This applies to many fields in our life and not only in forex trading.

Predicting Currency change in more simple fashion, will give you rough idea to help make decision to buy now or sell now. The ability to well predict for currency change is the key to success in trading. In other words, failing to predict how the currency is going lead to failure in trading at all and lead to losses.

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My Nephew did it : Raina

Affairs with Pakistan have also been a touchy topic for the Indians. I am sure the sentiment is mutual if not more sensitive in the other end. Blame it on nearly six decades of misunderstandings and opinions lost in translation or the ego clash that stems from being too identical in nature to the other party. We have been at loggerheads with each other since before the partition and continue to remain so long after everything has been said and done.

When you transcend the existing incongruity to a field like cricket where good sportsman ship is demanded of each and every person irrespective of their gender or nationality, it morphs in to a highly saturated rivalry threatening to explode any second. This is the very reason why any match between India Cricket team and Pakistan cricket team is a solid entertainer. The Indian crickets are a diplomatic lot. When it comes to Pakistani cricket team the word ‘Tact’ could very well be their middle name. It’s very rare that one of them gets caught up in a huff of any sort. Last year there was that incident with Ishant Sharma and another player of the Pakistan team. But words were exchanged; hands were shook and before you know it they were behaving as a couple of long lost pals.

Then there was this incident involving a micro blogging site where Suresh Raina ‘mis-tweeted’. Social networking sites and micro blogging forums such as Facebook and twitter have been the living end of many a celebrity. Sports stars are not exactly shy of the tweeting revolution that has gripped the whole wide world. Once you put it out there, there isn’t much you can do to retract before it goes viral. So when Raina passed an inappropriate comment against the Pakistani team, the internet vultures were quick to latch on to the statement and circulate it to practically everyone, even though Raina had deleted the tweet almost immediately.

The fact that Raina decided to blame the scandalous tweet on a ‘make- believe’ nephew only made the matters even worse. He said that his nephew had got hold of his smart phone and had his way with it. Not only did the people not buy this story, but it also led to a surge of internet humor and memes with Raina smack in the middle. This has definitely been a red blot on Suresh Raina profile.