There is a lot of important data this week. I am new at currency trading, though I've traded stocks for a while. I really am not sure what to expect from this week. My trade is at its target, and I am sorely tempted to take profits. My friend in the Pentagon says... well, i haven't decoded his message yet actually.
I like the way that prices move in the currency market. Their movements seem more precise and orderly, such that technical tools seem to "work better". Trendlines seem to be obeyed more strictly, as well as fibonacci levels, etc. Other indicators I have found not to work as well, at least with the eur/usd. I think I like currency trading. I may want to get into it more as the liquidity dries up in stocks over the summer.
Anyway, thanks for any advice you can give. You've all been doing this longer than I have, and you may think me a fool for getting into the currency market without doing more research in advance, and if so, I'm sure you're right to think so. Have a good trading day.
I like the way that prices move in the currency market. Their movements seem more precise and orderly, such that technical tools seem to "work better". Trendlines seem to be obeyed more strictly, as well as fibonacci levels, etc. Other indicators I have found not to work as well, at least with the eur/usd. I think I like currency trading. I may want to get into it more as the liquidity dries up in stocks over the summer.
Anyway, thanks for any advice you can give. You've all been doing this longer than I have, and you may think me a fool for getting into the currency market without doing more research in advance, and if so, I'm sure you're right to think so. Have a good trading day.
