TRADING FOR BEGINNERS: 3 BOOKS IN 1 THIS BOOK INCLUDES DAY TRADING STRATEGIES, FUTURES AND OPTIONS TRADING. A GUIDE TO INVESTING AND TO CREATE A PASSIVE INCOME by EDUARD SMITH

Author:EDUARD SMITH [SMITH, EDUARD]
Language: eng
Format: epub
Published: 2020-10-16T17:00:00+00:00

Worldwide Considerations

After you have an understanding of the baseline the currency pairs you are working with tend to remain at, the next thing you will want to do is to determine is what the related global economic conditions are likely to be and how they are going to affect your trading pair.

For this to be effective, you are going to want to look beyond the apparent signals and dig deep to find the indicators that are surely going to make waves after they become public knowledge. One of the best ways to go about doing so is to looking into emerging technologies in the related countries as they can easily turn entire economies on their heads in a relatively short period.

Technological indicators are a great way to use a boom phase to its full advantage as by getting in on the ground floor, you can ride the wave for as long as it takes for that technology to become a full-fledged part of the mainstream. After it reaches the saturation point, then you are going to want to be on the lookout for the bust phase as it will likely be right around the corner.

If you feel as though the countries related to the currencies in question will soon be in a post-bust or post-boom phase, then you will want to think twice about moving into speculative markets as the drop off is sure to be coming and it can be challenging to determine precisely when it will rear its ugly head.

If you feel confident that a phase shift is on the horizon but you don’t know when it will be exactly, then you are going to want to stick with smaller leverage points than you would during the other phases to ensure that they will pay out before the change occurs.

On the other hand, if a phase is just starting, then you will want to go ahead and make riskier trades as the time concerns aren’t going to come into play which means extra caution is less warranted.

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