You don’t need to fall for the unfounded belief that foreign exchange trading is unfathomable. It is only difficult for people who have not done research. The advice you’ll be given here will put you on the road to success as you begin trading in the foreign exchange market.
Do not trade with your emotions. Any strong emotional response, including anger, fear, greed, and fervor, can interfere with your ability to trade responsibly. You obviously won’t be able to eliminate your emotions if you’re human, but try to let them have as little bearing as possible on your decisions. Emotional trading is risky and, by definition, illogical.
Up and down patterns can be easily seen, but one will dominate the other. Finding sell signals is easy when there is an up market. Select the trades you will do based on trends.
It is important to stay with your original game …