I got success in my 1st forex trading,i m new in forex world but i got success in this i like my self :) .i wana show my detail how i got success from this, i know many people loss in this but see my review about this.When I just started trading the Forex Market I made the mistake of thinking that an indicator, like RSI, Stochastic or MACD, is equal to having a trading system. I poured over charts in the beginning seeing how “easy” it was to spot market turns with these indicators. Buying or selling when the indicator was at certain levels looked so easy when looking at the historical chart. Hindsight is a perfect science, and the problem is that trading is done forward and not backwards. The market can not be predicted with any degree of accuracy. There is a lot of uncertainty in trading the trading the forex market.First of all, the putative economic boom that is taking place in Australia is being driven entirely by high commodity prices and surging production and exports. Since peaking at the end of April, commodity prices have fallen mightily. You can see from the chart above that there continues to exist a tight correlation between the AUD/USD and commodities prices. As commodities prices have fallen over the last two months, so has the Australian Dollar.
Trading was seen as the way for the little guy to compete with the big professional traders but guess what?The ratio of losers remains them same as it was before the rise of online FOREX trading.How can this be so surely they should do better? The answer is no because traders make these common errors.
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